fertility clinic chain: Indira IVF in discussions for acquisitions in Tamil Nadu and Kerala

Indira IVF, India’s largest fertility clinic chain, mentioned it’s in discussions to accumulate multi-centre IVF (in vitro fertilisation) clinics in Tamil Nadu and Kerala, spending between ₹100-200 crore, to strengthen its presence within the South. “We’re very sturdy in North and West… We’re taking a look at just a few acquisitions in South, particularly in Tamil Nadu and Kerala,” Nitiz Murdia, director and cofounder of Indira IVF, instructed ET.

“We’ve discussions happening with just a few gamers,” he mentioned, including the corporate plans to shut these transactions within the subsequent 4-6 months. Murdia mentioned Indira can also be evaluating prospects of buying IVF chains in Europe subsequent 12 months.

The corporate will make its worldwide foray this 12 months by establishing the primary IVF centre in Kathmandu, adopted by its entry into Bangladesh. Many individuals from Nepal and Bangladesh journey to India for IVF remedies.

Murdia mentioned funding for the growth won’t be an issue as the corporate can use each inner accruals and a doable fundraise if wanted. “We’re a debt-free and cash-generating firm,” he mentioned.

Indira IVF posted revenues of ₹920 crore for 2021-22, and expects to generate ₹1,200 crore this monetary 12 months with its operations have normalised after disruptions brought on by the Covid-19 pandemic.