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It marks the third venture in healthcare in Mumbai of Tata Group after Memorial Centre in Parel for cancer research and treatment and an animal hospital set up in Mahalaxmi last year.
Tata Group To Invest Rs 500 Cr In Breach Candy Hospital.
Tata Group is reportedly mulling to infuse Rs 500 crore funding to Breach Candy Hospital in order to expand its presence in healthcare industry, according a report by Times of India. After the completion of the funding, the Conglomerate will become the largest financial backer of the 275-bed multi-specialty SoBO hospital. The funding is expected to help the hospital to develop its infrastructure and other facilities.
Tata Group can add three representatives to the present 14-member board of trustees. The TOI report stated that Tata Group’s chariman N Chandrasekharan will replace veteran banker Deepak Parekh as chairman of Breach Candy Hospital Trust from October 01, 2025. Moreover, the hospital will retail its name, but it can be tweaked like “Breach Candy, a Tata Sons associate”, as per TOI report.
Saddled in the Breach Candy area of South Mumbai, reach Candy Hospital Trust has a long history that goes back over 75 years. The private hospital is famous among elite and wealthy class of people. This hospital was the first which introduced MRI facility in 1998. It was established by European Hospital Trust with financial support from European companies operating in pre-Independence India, such as Unilever, Forbes & Crompton Greaves.
TOI report cited Breach Candy managing trustee Uday Kilachand, saying that the deep connection of Ratan Tata with the hospital is formalising with Tatas as being associates.
It marks the third venture in healthcare in Mumbai of Tata Group after Memorial Centre in Parel for cancer research and treatment and an animal hospital set up in Mahalaxmi last year.
Tata Group, which is a $165 billion conglomerate, has presence in almost every industry of the country, spanning from salt to steel. However, it lacks a major presence in healthcare sector. But the Group is now making efforts to have a strong presence like Reliance, Hinduja, Birla and others. A few time back, Adani Group also announced its entry in Mumbai’s healthcare by building a bed hospital and medical college at a cost of $1000 crore in Kandivli area.
