Maxivision Invests ₹400 Crore to Establish 10 Eye Hospitals in Chennai

Maxivision Super Speciality Eye Hospitals, a leading healthcare enterprise in India, is set to make a significant investment of around ₹400 crore in Tamil Nadu over the next 2-3 years. The company's primary focus is on establishing its presence in Chennai, where it plans to launch 10 super specialty eye hospitals and vision centers.

Out of the total investment, ₹100 crore has been earmarked specifically for setting up Maxivision's facilities in Chennai. This strategic expansion marks the company's first entry into the city, as it aims to capitalize on the growing demand for quality eye care services.

Maxivision, founded by Dr. Kasu Prasad Reddy in 1996 and subsequently acquired by Dr. GSK Velu in 2011, has been steadily expanding its operations across Andhra Pradesh, Telangana, Gujarat, and Maharashtra. The company's recent fundraising of ₹1,300 crore from private equity firm Quadria Capital has provided the necessary resources to accelerate its growth plans.

According to Dr. GSK Velu, the chairman and managing director of Maxivision, the company is currently the third-largest eye hospital chain in India in terms of revenue and the second-largest in terms of profits. With the upcoming expansion in Chennai, Maxivision hopes to solidify its position as a leading player in the country's eye care market and potentially go public in 2027.