Key Points
The offices of Ranjan Pai, Chairman of Manipal Education and Medical Group (MEMG), on the 15th floor the top-most of JW Marriott Hotel located on the upmarket Vittal Mallya road, overlooks one of Bengalurus gorgeous gardens..
A sea of tree tops from Cubbon Park, which abuts the States centre of power, Vidhana Soudha, greets the eye from Pais office...
Once the Kolkata-based AMRI hospital chain with 1,200 beds a 2,400 crore deal which MHE is on the verge of completing next month is done it will overtake Apollo as the hospital chain with most beds in the country...
Compared to some of his listed peers like Apollo Hospitals, Narayana Health and Global Health, Pai a trained medical doctor himself has ensured that Manipal obtains rich valuations even amidst tough market conditions..
While he is cagey about revealing numbers citing Manipals privately held nature, Pai might be eyeing significant growth in the insurance business and the education sector where the group also has extensive interests..
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