Apollo to invest Rs 1,800 cr, hire 23,000 in 3-4 yrs | business | Hindustan Times
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Apollo to invest Rs 1,800 cr, hire 23,000 in 3-4 yrs

business Updated: Jul 09, 2010 18:18 IST
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Charting out a Rs 1,800-crore expansion plan, country's leading healthcare chain Apollo Hospital on Friday said that it plans to hire nearly 23,000 people in the next three-four years.

Apollo will also increase its bed capacity to 12,000 from the current 9,000 by 2015, and this would require it to have a total workforce of 85,000 employees, Group Executive Director (Operations) Sangita Reddy told reporters in New Delhi.

"Our workforce is growing. We are employing at a rate of 15 per cent per year and, currently, we have 62,000 team members," Reddy said on the sidelines of a CII event here.

She said that the firm is expected to tap talent from the group's Apollo Institute of Hospital Administration to meet human resource requirements across all verticals of healthcare services.

"Nurses are our biggest team. We train a lot of nurses as well. We are training our own MBA. We have three programmes for hospital administrations. We graduate about 200 students every year and absorb 30-40 per cent of that," Reddy said.

She said that the group's proposed expansion plan, estimated to entail a total investment of Rs 1,800 crore, will lead to an increase of about 23,000 people in the company's workforce.

"In the next 3-4 years, we will have 12,000 beds and our workforce will be close to 85,000 employees," Reddy said.

In the next 18-24 months, the hospital chain will have an additional 1,200 beds, she added.

Asked to comment on the funding for its expansion plans, she said: "We have already structured our funds and it will be debt, equity and internal accruals."

Reddy said that the investment on the planned expansion will be around Rs 60 lakh per bed.

The company, which operates one of the largest hospital chains in the country, currently has 9,000 beds at 50 hospitals across the globe.