Tata Capital Growth Fund invests in diagnostics firm Aarthi Scans 

Mid-marketplace personal fairness fund Tata Capital Growth Fund is obtaining a minority stake in Chennai-primarily based totally diagnostics agency Aarthi Scans Pvt. Ltd, in keeping with a joint assertion with the aid of using the organizations.

VCCircle first suggested that Aarthi Scans became elevating its first outside capital and that the deal length will be round Rs a hundred crore.

“This funding from Tata Capital affirms our perception in our enterprise version of supplying excessive nice diagnostics offerings to the hundreds at an inexpensive price,” stated V Govindarajan, chairman & coping with director, Aarthi Scans, withinside the assertion with out disclosing the monetary info of the transaction.

Founded in 2000, Aarthi Scans is presently controlled with the aid of using a family-run group of radiologists, Prasanna Vignesh, Aarthi Prasanna and Arunkumar Govindarajan. It has a series of extra than forty five diagnostic centres and over a hundred series centres unfold throughout 10 states which include Tamil Nadu, Karnataka, Telangana, Maharashtra, Delhi-NCR, Pondicherry, Kerala and West Bengal. The agency plans to double its community with the aid of using increasing in current towns and getting into different important metros, the assertion stated.

“We like Aarthi Scans and Labs for its extra moral approach, growing higher alignment with its customers. With advanced execution talents and high-quality promoters, we consider Aarthi is poised to grow to be a pacesetter withinside the industry,” stated Akhil Awasthi, coping with partner, Tata Capital Growth Fund.

Tata Capital Growth Fund is a $240 million (round Rs 1,seven hundred crore) personal fairness fund of Tata group’s monetary arm Tata Capital, which manages 1/3 celebration capital raised from buyers globally. The fund goals increase capital investments in organizations that derive a widespread component in their sales from operations in India.

Veda Corporate Advisors became the one of a kind monetary adviser to Aarthi Scans.

The pursuit of diagnostics property with the aid of using personal fairness companies shows sustained investor hobby on this area withinside the country, mainly after the onset of the pandemic. A bunch of diagnostics organizations in India have matured through the years with enormous personal fairness investment and a few have already hit the general public markets.

Dr Lal PathLabs have become the primary diagnostics organization to go with the flow in past due 2015. Thyrocare Technologies and Metropolis Healthcare observed suit. Last year, personal fairness-subsidized nearby diagnostics companies, Krsnaa Diagnostics and Vijaya Diagnostic additionally went public.

Last week, Motilal Oswal Private Equity (MOPE) stated it’ll make investments as much as Rs 194.four crore (round $25 million) thru its fourth fund in Mankind Pharma’s diagnostics venture, Pathkind Labs.

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Sharanya Sinha

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