Dr Singhvi said the focus will be more on small towns as the core of the expansion strategy is to reach every district to address the unmet demand in under-serv

Eyeing IPO, ASG Eye Hospital lines up Rs 2,000-crore capex to open 500 more clinics by 2030

ASG Eye Hospital Aims to Triple Footprint with Rs 2,000-Crore Capex Plan

Leading super specialty eye-care chain ASG Eye Hospital is planning a significant expansion, with a Rs 2,000-crore capex plan to treble its footprint to 600-700 clinics by 2030.

Key Highlights:
- Rs 2,000-crore capex plan to expand to 600-700 clinics by 2030
- Treble its footprint, currently around 200 clinics
- Rs 1,000-crore fundraise planned through primary share sale or private placement

ASG Eye Hospital was launched 20 years ago by Dr Arun Singhvi, who is the managing director and chief executive. The hospital chain is now majority-owned by General Atlantic, Kedaara Capital, and Foundation Holdings, with Dr Singhvi holding a 30% stake.

Expansion Plans:
- Reach every district in the country by 2030
- Currently present in 175 full-fledged clinics in 75 cities across 24 states
- Plan to operate 220 clinics by next March and 600-700 clinics by 2030

On the revenue side, Dr Singhvi said the company is likely to close the current fiscal with Rs 1,500 crore in topline, up from Rs 1,142 crore in the past fiscal.

Recent Acquisition:
- ASG Eye Hospital has entered into a binding agreement with Sharp Sight Eye Hospital to purchase 100% equity for Rs 400 crore
- Deal to be completed in a month or two through a mix of share swap and cash

Dr Singhvi has a three-pillar strategy for expansion, combining targeted acquisitions, new organic multispeciality centres, and district centres to accelerate market consolidation while maintaining clinical quality.

He said, "Over 80% of vision loss is preventable. Our expansion is a mission to end unnecessary blindness and take world-class eye care out of metropolitan hubs and into the heartland, where the need is more acute."