ASG Eye Hospital has announced plans to invest Rs15bn to Rs20bn ($166m to $222m) by 2030 to expand its network in India.
The latest announcement is part of the company’s long-term expansion plan, Vision 2030, aimed at increasing access to ophthalmic care in the country.
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ASG’s expansion plan is supported by General Atlantic and Kedaara Capital.
The planned investment is expected to expand ASG’s network from its current base of more than 175 centres in over 95 cities to a total of 600 to 700 centres throughout India.
This expansion will strengthen its position in the nation’s eye care sector, valued at approximately $5.5bn, with a particular emphasis on extending services to underserved regions.
ASG plans to add eight to ten specialised practices each year, integrating local clinical expertise into its network, following its acquisition of Vasan Eye Care.
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By GlobalDataAt the same time, it plans to open five to seven additional centres every year, with a focus on reaching 100 districts annually where access to specialists remains constrained and the need for quality eye care is growing.
By 2026, ASG aims to prioritise research and development in advanced surgical techniques, clinician training and diagnostics to ensure consistent quality of care throughout its expanding network.
ASG further intends to use economies of scale and centralised procurement to reduce the expenses associated with advanced procedures, including retina surgeries, Lasik, and cataract operations, with the goal of enhancing affordability without compromising clinical standards.
ASG Eye Hospital managing director and CEO Dr Arun Singhvi said: “With over 80% of vision loss in India being preventable, our expansion is a mission to end unnecessary blindness. We are taking world class eye care out of the metropolitan hubs and into the heartland, where the need is more acute.
“Our significant investment is a declaration that no Indian should lose their sight due to lack of access or financial barriers. Through public-private partnerships and pioneering tele-ophthalmology, we are building the infrastructure necessary to make quality eye care a right, not a privilege, for every citizen.”
