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ASG Eye Hospital has announced a large-scale expansion plan aimed at significantly increasing its presence across India, particularly in tier-II and tier-III cities where specialised eye care remains limited. The company intends to add hundreds of new centres by the end of the decade, backed by an investment of INR 1,500-2,000 crore through internal accruals, private placements or capital market options. Its strategy also includes targeted acquisitions, annual development of new state-of-the-art facilities, and preparations for a potential IPO in the coming months. The initiative reflects ASG's mission to widen access to high-quality eye care nationwide.
ASG Eye Hospital announced earlier this week that it is preparing for a major expansion that aims to establish several hundred new centres across India by the end of the decade. The plan places strong emphasis on tier-II and tier-III cities, where access to specialist eye doctors continues to be limited. Advertisement
The company's Managing Director and CEO, Arun Singhvi, mentioned that ASG currently operates around 200 centres nationwide and intends to increase this number by a further 400-500 centres. He noted that the planned investment of INR 1,500-2,000 crore would be met through internal accruals, private placements or capital market funding. With this expansion, the company expects its existing 30:70 exposure ratio between smaller towns and larger cities to reverse in the coming years.
Singhvi also stated that targeted acquisitions would form a key part of the growth strategy. ASG expects to pursue eight to ten niche practice acquisitions annually, enabling the integration of regional clinical strengths into its wider network. The company has so far completed 25 acquisitions.
He further indicated that an Initial Public Offering may be brought to market within the next 12-18 months, adding that ASG aims to raise about INR 1,000 crore through this route. Alongside this, the company plans to develop five to seven new state-of-the-art centres each year, with a concentrated push into districts where the need for quality eye care is rising and specialist access remains constrained.
Singhvi highlighted that more than 80 per cent of vision loss in India is preventable and said that the company?s expansion is driven by the mission to eliminate avoidable blindness. He explained that ASG seeks to take advanced eye care beyond metropolitan hubs and into underserved regions through public-private partnerships and tele-ophthalmology initiatives.
ASG Eye Hospital expects revenues of INR 1,500 crore in 2025-26, reflecting growth of over 31 per cent from INR 1,142 crore in FY25. However, Singhvi pointed out that high-quality treatment continues to be challenged by rising costs, largely due to reliance on imported lenses and equipment. He noted that despite reduced GST, rupee depreciation keeps costs elevated, adding that balancing aspiration, quality and affordability will remain a significant challenge, especially since most eye diseases relate to cataract and retina conditions.
ASG Eye Hospital's expansion blueprint signals a transformative phase for eye care accessibility across India, with a concentrated focus on smaller cities and underserved districts. By investing heavily in new centres, acquisition-led growth and innovative care models, the company aims to address the shortage of specialist services and widen access to preventive and advanced treatments. While rising import-led costs pose ongoing challenges, ASG's planned IPO, enhanced operational capabilities and commitment to affordability place it in a strong position to support its mission of reducing preventable vision loss nationwide.
Source - PTI
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