I joined like 15 mins late so have captured the summary post that.

AGM 2024 summary

Chennai expansion plan

• Multi speciality hospital with 300 beds with 300cr capex
• Timeline for completion would be 18-24 months
• Plan to go to chennai was to improve the brand image which would aid in further expansion
• When asked about competitive threats from the biggies in Chennai, Chairman responded saying if they provide good service at reasonable cost they will do good.

Other expansion plans

• Main center they have plans for children hospital
• Existing center max beds that they can possibly go is 2500
• With the Nursing college moved out of the campus, they are adding another 100 private rooms in the existing center( i think its ongoing)
• Future if there are any good opportunity that they see they might expand within Coimbatore or any other city.

Chairman was sounding confident and hopes to get to 2000cr topline soon

Disclosure – Holding from lower levels