Centre For Sight Joins Forces with Laxmi Eye Hospital, Plans ₹500 Crore Expansion in West India

Centre For Sight, a healthcare chain, has partnered with Laxmi Eye Hospital to expand its presence in Maharashtra, now operating nine centers, including in Navi Mumbai and Thane.

The Delhi-based company also announced plans to invest ₹300-500 crore over the next few years to grow in western India. They aim to add 15-20 centers each year for the next four years, reaching a total of 150 centers. Currently, they have 82 centers across 40 cities.

As part of this partnership, Centre For Sight has acquired a 51% stake in Laxmi Eye Hospital.

This move highlights the increasing interest of investors in single-specialty healthcare providers in India. The eyecare industry has attracted over $1.05 billion in investments in recent years.

Dr. Mahipal Singh Sachdev, chairman and medical director, said that these collaborations help meet the growing demand for eye care and reflect a broader trend in healthcare, where merging resources is key to providing top-notch services.

Laxmi Eye Hospital serves around 2.5 million patients across four locations: Panvel, Kharghar, Dombivli, and Kamothe.

Centre For Sight is also exploring more collaboration opportunities in west India to strengthen its presence. They are particularly interested in adding centers in Gujarat and Maharashtra, where smaller, single-doctor practices are more open to joining corporate chains after the pandemic.

In the past year, the eyecare chain has added 10 new centers through collaborations in cities like Srinagar, Sikar, Warangal, Badlapur, Chembur, and now Mumbai. They have also launched six new centers in north India.

By partnering with Centre For Sight, regional eye care hospitals gain strategic, clinical, and technological support, helping them grow and improve as part of a larger team. The company plans to invest ₹300-500 crore in the coming years to support this expansion.

Recently, private equity firm ChrysCapital acquired a minority stake in Centre For Sight for $100 million, valuing the chain at $350-400 million. The funds will be used to speed up the company’s growth.

Raghav Ramdev, managing director of ChrysCapital, said that India’s healthcare sector is a key focus for them, given the large underserved market and the potential for organized players to gain market share.