Premji Invest Invests in Maharashtra-Based Hospital Chain NewEra Hospitals

Premji Invest Invests Undisclosed Sum in NewEra Hospitals

Billionaire Azim Premji's investment firm Premji Invest has made a significant investment in NewEra Hospitals, a multispecialty hospital chain, to scale its operations across Maharashtra. The investment will be used to launch three new hospitals in Nagpur, increasing the total bed capacity from 350 to 800. NewEra Hospitals currently has two hospitals in Nagpur and one in Navi Mumbai.

The investment is aimed at deepening access to quaternary care in the region. According to Prakash Chellam, partner and head of healthcare and life sciences at Premji Invest, Nagpur needs better medical facilities and more hospital beds. By supporting NewEra, Premji Invest is investing in a team of forward-thinking doctors dedicated to improving healthcare quality and expanding on the firm's clinical foundation in Nagpur and Navi Mumbai.

NewEra Hospitals, founded in 2016 by veteran doctors Dr Anand Sancheti, Dr Nilesh Agrawal, and Dr Nidheesh Mishra, has established strong clinical credibility in complex specialties, including neurosciences, transplant, and cardiology. With this expansion, the hospital chain aims to position itself as the leading quaternary care provider in Nagpur and one of Maharashtra's most significant regional hospital platforms.

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The investment is part of a broader trend in Indian healthcare services, with a focus on tier II and tier III markets. According to a report by EY-Parthenon, India's Q2FY26 report on healthcare, released in January 2026, the quarter alone saw over ₹10,000 crore worth of announced transactions across hospitals, diagnostics, and specialty care.

Investment Breakdown

Note: The investment figures and entity names are as per the original report.

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