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Global investors are betting on Kerala’s healthcare boom. But it remains to be seen whether private capital can coexist with the state’s public ethos.

A public listing will help clean up the hospital chain’s balance sheet after the costly Sahyadri acquisition. But depressed metrics, integration risks and lofty valuations make this far from a clean turnaround story.
The service that disrupted the entire ride-hailing sector two years ago isn’t fighting to counter its well-funded, larger rivals. It is building something else altogether.
With talks of a possible blockbuster IPO doing the rounds, the CEO gets candid about how India’s top hospital chain is planning the future.