Privately held healthcare firm Dr Batra’s Positive Health Clinic Pvt Ltd, which runs a string of homeopathy clinic chain under Dr Batra’s brand, is looking to open 150 new outlets in Tier II and Tier III markets in the next three years under a franchise-owned-franchise-operated (FOFO) model, the company said on Wednesday.
It plans to launch about 50 outlets every year through 2016. The company will target cities like Ludhiana, Agra, Dehradun, Amritsar and Nagpur among others.
Dr Batra’s was founded in 1982 by Dr Mukesh Batra. The company has 105 clinics in 46 cities across cities in India, UK and Dubai. The firm was reportedly eyeing close to Rs 100 crore in private equity funding.
Besides the group flagship, which also has sister entities in the UK and UAE, the group also comprises Dr Batras B Perfect Private Ltd, which is into specialised hair transplantation solutions and Dr. Batra's Positive Health Products Limited which is into the cosmetics business with products such as shampoo, conditioner, hair oil, face wash and hand wash.
(Edited by Prem Udayabhanu)