Indira IVF Hospital Private Ltd, a number one chain of in vitro fertilisation (IVF) centres with 92 fertility clinics in India, is scouting for acquisitions in the South to broaden its base in the area, a high govt stated.
“We are looking for a few opportunities in South India. Discussions are at a nascent stage. We should finalise something shortly,” stated Kshitiz Murdia, CEO, Indira IVF Hospital Private Ltd., in an interview.
He stated out of the corporate’s whole centres, 50% are at the moment situated in north India whereas 30% are in western India, 14% in South and 6% in japanese India.
“There is a need to expand presence in south India where there is demand for affordable IVF treatment and we are working in that direction,” he stated.
Declining to specify the variety of centres to be added pan-India this 12 months, Dr Murdia stated the corporate was money wealthy and would broaden its community by means of each natural and inorganic development. Plans are additionally afloat for acquisitions in the worldwide markets as nicely.
He stated with standardisation and process-driven providers, the corporate has managed to deliver down the price of IVF procedures to ₹2 to ₹2.5 lakh per cycle.
For FY20, the corporate reported a income of $100 million and has witnessed a development in income by 63% CAGR (FY15 to FY20).
“We are focused on creating a support system for the middle and low-income couples across India to address their issues. We are constantly striving to dispel the stigma, taboo, myths and misinformation about infertility,” Dr. Murdia stated.
As per out there information, over 10 to 14% Indians immediately undergo from infertility and their quantity is rising attributable to life-style points.