Kauvery Hospital

In 1999, in the city of Tiruchirappalli, Tamil Nadu, two anaesthesiologists, Dr. S. Chandrakumar and Dr. Manivannan Selvaraj, identified a need for quality critical care in the region. They launched their vision as a modest 30-bed facility called Kaveri Medical Center. Their goal was straightforward: provide excellent healthcare at an affordable cost, focusing on bridging the trust gap between patients and hospitals. This initial venture quickly grew. By 2002, it was renamed Kauvery Hospital, and over the next decade, it expanded by adding a cardiac center and acquiring another local hospital. A pivotal moment came in 2011 when the group expanded beyond its home city, launching a flagship hospital in Chennai, which would become the nerve center for its future growth. This marked the beginning of a focused expansion across South India, establishing a network that now spans multiple cities including Bengaluru, Salem, and Hosur. A significant chapter in the company's journey began in March 2023, when Kauvery Hospitals secured a $70 million funding round from a private equity fund managed by IIFL AMC. This capital injection was aimed at a rapid expansion plan to increase its capacity. A few months later, in June 2023, the group acquired the 200-plus bed Fortis Hospital facility in Chennai, a move that made it the second-largest hospital chain in the city. With these developments, Kauvery is on a path that could lead to an IPO in the coming years.