The Bajaj Group is preparing to enter India’s healthcare sector with a planned investment of more than ₹2,000 crore in Pune over the next three years. The initiative marks a significant diversification move for the business conglomerate as it seeks to establish an integrated healthcare ecosystem.
According to Nirav Bajaj, Chief Executive and Managing Director of Bajaj Integrated Health System, the company is looking to build a patient-focused model that extends beyond traditional hospitals. The proposed ecosystem is expected to include clinics, ambulatory facilities, home healthcare services, and hospitals.
“We want to treat you from prevention to acute intervention, and move you away from the hospital as much as possible. We are actually attempting to push it away from the hospital to treatment at the right venue, depending on the acuity of the needs,” Bajaj said.
Rather than relying on conventional indicators such as hospital bed numbers or revenue generated per bed, the company intends to take a different approach to measuring growth. Bajaj also indicated that the healthcare venture would be developed independently instead of expanding through acquisitions, citing differences from existing hospital operating models.
The group has had earlier exposure to healthcare through charitable hospital initiatives and now sees strong long-term potential in the sector. Initial plans include launching clinics and ambulatory care centres in Pune within the next six months. A proposed hospital with more than 450 beds is expected to require an additional four years for completion.
“In Pune, we are expected to spend about Rs 2,000-2,500 crore of capex. The format will be similar in other cities, but the economics of each city vary,” he said.
Beyond Pune, the group is planning a broader expansion strategy over the next decade, with Mumbai expected to become the next major market.
“We will be across 7-8 cities in the next 10-12 years,” Bajaj said while outlining future plans.
He further described healthcare as a “compelling” opportunity for the family business, adding that while the group promotes independent management structures, it continues to operate with shared family values.
Niraj Bajaj also highlighted that having a family member available to lead the healthcare initiative influenced the decision to enter the sector. He said the vision was driven by the goal of building a large-scale essential service for India.
Separately, Sanjali Bajaj said she is involved in the group’s upcoming alternative investments business focused on private equity and real estate funds.
“There is no need to join somewhere else when I have this legacy that I can take forward. So, it was a very easy decision,” she said.
Meanwhile, Siddhant Bajaj said he is currently working in the office of Bajaj Finance Managing Director Rajiv Jain and noted that the Bajaj brand has long been associated with values, ethics, and creating sustainable businesses.
The Bajaj Group’s healthcare entry signals a major shift in its growth strategy, with a focus on integrated care delivery rather than traditional hospital-centric models. As the company expands into multiple cities over the coming years, its approach could contribute to evolving healthcare access and service delivery across India.