Bajaj Group to foray into healthcare, plans to set up hospitals in metros

The Rs 1.46 lakh crore Bajaj Group plans to India’s healthcare sector by setting up a chain of hospitals in metros. The healthcare business will be housed in a newly formed company. Nirav Bajaj, head of corporate strategy at Mukand, is overseeing the project and is likely to helm the new company.

Why it’s important: The healthcare foray, still in the initial stages, would be the first major diversification for the 98-year-old business house. India’s growing healthcare sector is seeing increasing corporatization. Moneycontrol