Maxivision Group invests in Ojas Group to expand eye hospital network in Maharashtra

Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.

Maxivision Group of Eye Hospitals has picked up majority stake in Mumbai-based Ojas Group of Eye Hospitals for an unspecified amount, to foray into Maharashtra.

Together, the newly-formed Joint Venture (JV) called Ojas Maxivision Eye Hospitals aims to invest Rs.500 crore in two years to expand operations across Maharashtra.

With this, Maxivision has established its presence in six States, including Telangana, Andhra Pradesh, Tamil Nadu, Gujarat & Kerala.

Under the leadership of Dr. Niteen Dedhia, Ojas Group of Eye Hospitals currently operate three premier centers in Mumbai—Bandra (W) and Kandivali (E)—providing eye care with international standards to patients. 

Maxivision Super Specialty Eye Hospitals was founded by Dr. Kasu Prasad Reddy in 1996 and was subsequently acquired by Dr. GSK Velu in 2011.

Dr. GSK Velu, Promoter and Chairman of Maxivision Super Specialty Eye Hospitals, said “Our partnership with Ojas Eye Hospital signifies a shared commitment to delivering the best eye care treatments in Maharashtra. As an investor and promoter of world-class healthcare delivery in India, I firmly believe that hospitals are only as good as the Doctors who lead them.”

“Our partnership model is designed to support excellent eye care practices by fostering growth, investment in cutting-edge technology, and incorporating robust management expertise and corporate governance. This collaboration with Dr Niteen Dedhia and his team aligns with Maxivision’s vision to expand its footprint across Maharashtra.”