Red Fort Capital ventures into Tertiary healthcare, backs Ludhiana based Pancham Hospital
April, 2023:Red Fort Capital, a leading global investment platform, has recently announced its entry into Healthcare sector of India by funding Pancham Hospitals Private Limited, a prominent super specialty healthcare provider based in Ludhiana, Punjab. This funding is expected to support Pancham Hospital’s growth plans and expansion of healthcare services in the region.
Pancham Hospital, with over 10 years of experience in the industry, is known for its top-quality healthcare services, particularly in Cardiac Sciences, and is equipped with state-of-the-art medical technology and a highly skilled team of doctors and medical professionals.
Red Fort Capital’s funding is expected to provide a significant boost to Pancham Hospital’s expansion plans. The funding will be utilized to upgrade the hospital’s medical infrastructure, introduce new specialties and technologies, and expand its services to cater to the growing demand for quality and affordable healthcare in the region.
Parry Singh, Chairman and CEO of Red Fort Capital, expressed his pleasure in announcing the partnership with Pancham Hospital, stating that he believes Pancham Hospital, under the able guidance of Dr. RP Singh, has the potential to become a top healthcare institution in North India.
Dr. RP Singh, Chief Cardiologist, and Managing Director of Pancham Hospital, expressed his excitement about the funding from Red Fort Capital, stating that it will help enhance their medical infrastructure, expand their specialties and services, and meet the growing demand for quality healthcare in the region. He looks forward to working with Red Fort Capital and leveraging their expertise to achieve their growth plans.
Red Fort Capital is a renowned financial firm with a strong track record of investing in India, across various sectors, including FMCG, Manufacturing, Industrial Parks, EPC, Food processing, and Real estate. The company has invested in several high-profile projects across the country, managing assets over $5 billion dollars and has a deep understanding of the Indian market. Its experienced professionals are experts in managing complex investments.
This funding marks Red Fort Capital’s entry into the healthcare sector in India. The firm aims to fund companies that have strong growth potential and are well-positioned to capitalize on the opportunities in the market.
With this funding from Red Fort Capital, Pancham Hospital is poised for further expansion and growth, as it continues to deliver top-quality healthcare services to the region. The partnership between Red Fort Capital and Pancham Hospital is expected to have a positive impact on the healthcare sector in North India, providing increased access to quality healthcare for the local community.