The Moolchand Group was set up by Lala Khairati Ram in 1928 in Lahore and the founder named it after his father, Lala Moolchand. But after the Partition, the group shifted to India and led by Khairati Ram’s son Sardari Lal Talwar, started a tertiary care hospital called Moolchand Medcity in the capital city of Delhi. But that was in 1951 and the next generation is now trying to reinvent the business by expanding into other markets.
In 2011, the company secured funding of around Rs 100 crore from Sequoia Capital, which part-funded the recent acquisition of Agra-based Pankaj Apollo Hospital. In a conversation with VCCircle, Vibhu Talwar, managing director of Moolchand Healthcare, spoke about the group’s expansion plans including its inorganic growth strategy, what’s attracting private equity money flow to the sector and the emerging trends in healthcare services.