Max Healthcare Institute has announced a major expansion initiative with plans to invest over ₹1,000 crores (₹10 billion) in developing a new hospital facility in Pune. This substantial investment marks a significant step in the healthcare provider's growth strategy and expansion into Maharashtra's medical infrastructure sector.

Investment Overview

The planned investment represents one of the larger healthcare infrastructure commitments in the region, demonstrating the company's confidence in Pune's healthcare market potential.

Strategic Expansion

This Pune hospital project aligns with Max Healthcare Institute's broader expansion strategy to strengthen its presence in key metropolitan markets across India. The investment aims to enhance healthcare infrastructure in Maharashtra, particularly in the Pune region which has seen growing demand for quality medical services.

The substantial capital commitment reflects the company's long-term vision for growth and its dedication to expanding accessible healthcare services in strategic locations. This development is expected to enhance the company's hospital network and service capacity in western India.

Market Implications

The announcement of this significant investment demonstrates Max Healthcare Institute's commitment to capital expansion and infrastructure development. The Pune facility will add to the company's existing hospital network, potentially increasing its market presence in Maharashtra's healthcare sector.

This investment initiative represents a notable development in India's private healthcare infrastructure expansion, particularly in tier-1 cities where demand for quality medical services continues to grow.

Max Healthcare Institute has announced that its board of directors approved a share purchase agreement for the complete acquisition of Yerawada Properties Private Limited during their meeting held on December 18, 2025. This strategic move is part of the company's ambitious plan to establish a significant healthcare presence in Pune with a ₹1,020 crore investment.

Board Meeting and Acquisition Approval

The board meeting, which commenced at 10:30 AM IST and concluded at 10:55 AM IST, approved the proposal to enter into a share purchase agreement for acquiring 100% equity stake in Yerawada Properties Private Limited (YPPL). The acquisition will be executed in a step-up manner and will conclude upon receipt of Occupancy Certificate for the planned hospital building.

Target Company Background

Yerawada Properties Private Limited was initially incorporated as a Limited Liability Partnership on February 19, 2024, and was converted into a company under the Companies Act, 2013 with effect from November 14, 2025. The company is engaged in real estate development business and owns 1.68 acres parcel of freehold land located in Yerawada, Pune.

Phased Acquisition Structure

The purchase of equity stakes will be carried out in a structured manner. In the first tranche, Max Healthcare Institute will acquire 100% of the Class A equity shares representing 100% of the voting rights and 50.22% of the economic interest in YPPL. Subsequently, the company will acquire 100% Class B Equity Shares in a phased manner over a period of 4 years.

Hospital Development Project

The board has also accorded approval for setting up a 450-bedded super specialty hospital on the land owned by YPPL. The facility will be developed in Yerawada, Pune, which is described as a prime locality in the centre of the city. The land parcel has the capacity to accommodate the planned hospital development.

Investment and Financing Details

The aggregate spend of up to ₹1,020 crore includes YPPL shares acquisition, construction, equipment cost, stamp duty, registration charges, and other associated expenses. The company plans to finance this investment through a mix of internal accruals and term loans. This represents a significant expansion of Max Healthcare's existing network capacity.

Strategic Market Expansion

This development represents Max Healthcare Institute's strategic expansion into Maharashtra's healthcare sector. The company cites Pune as a thriving city with a large population and growing middle class experiencing surge in demand for quality healthcare services. The hospital will cater to healthcare needs of population living in Pune and surrounding regions, positioning the company to serve western India's growing metropolitan healthcare market. The proposed transaction is not a related party transaction, and no government or regulatory approval is required for the acquisition of shares in YPPL.