About the Event

India’s healthcare sector is one of the most dynamic ones anchored on sustainable growth due to the large population base. Rising population, increasing income levels, greater health awareness, and a growing burden of chronic diseases, the sector is expected to expand at a compound annual growth rate (CAGR) of around 15% over the next decade.

The sector presents an array of compelling investment opportunities across various subsegments including hospitals and clinics, diagnostics, pharmaceuticals, medical devices, digital health, and wellness. There is particular potential in specialty care, affordable diagnostics, telemedicine, and health insurance, each responding to specific unmet needs. Tier-2 and tier-3 cities are emerging as key growth markets due to expanding healthcare infrastructure and rising affordability, while technology-enabled models such as AI-driven diagnostics and remote patient monitoring are reshaping traditional care delivery, opening avenues for innovative startups and fund managers.

Policy initiatives by the Indian government are providing strong impetus to sector growth and investment.

Programs such as Ayushman Bharat — one of the world’s largest government-funded health insurance schemes — are improving access and affordability for millions. Production-Linked Incentive (PLI) schemes encourage domestic manufacturing of medical devices and pharmaceuticals. The National Digital Health Mission promotes interoperable digital health records and telemedicine, underpinning the digital transformation of Indian healthcare. Regulatory reforms and increasing public-private partnerships further enhance the ecosystem for private investment and innovation.

After a heady 2024, the sector saw strategic buyers returning to dealstreet with Torrent buying JB Chemicals, Manipal snapping Sahyadri Hospitals and Intas buying Coherus. On the PE side, there were two large transactions in the revenue cycle management business with Iron Mountain and Blackstone snapping Access Healthcare and AGS Health, respectively, as per VCCEdge.

It’s not just the corporate deals activity that is buzzing, in the public markets side nearly half a dozen healthcare companies have gone public this year and almost a similar number is awaiting regulatory nod to hit the stock market.

Looking ahead, investor interest is poised to persist in the healthcare delivery ecosystem as also in pharma sector. The trend of consolidation is expected to continue in the hospitals segment, though this may take a more geographical tilt as national chains go about snapping regional champions and single speciality chains.

The back and forth on tariffs on pharma exports is a risk element in the short term but domestic market provides a counterbalance.

While challenges such as regulatory complexities, workforce shortages, and fragmented care delivery persist, the opportunities for creating both financial returns and social impact are significant. As India continues to evolve towards a more integrated and accessible healthcare ecosystem, sectors and investment models that address affordability, quality, and inclusivity will likely lead the way in shaping the future of healthcare in India.

To delve deeper into the burgeoning investment opportunities in India's healthcare sector and explore strategies to maximize potential, VCCircle is delighted to announce its upcoming 17th edition of the Healthcare Summit on January 30 in Mumbai.

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Agenda

9:15 AM onwards
  • 9:15 AM – 9:20 AM

    Opening Address

    Anitesh Dharam, Business Head, VCCircle & VCCEdge

  • 9:20 AM – 10:00 AM

    Consolidation Complete What Next for Multi-Speciality Hospitals?

    India’s multi-specialty hospital sector has undergone significant consolidation, marked by large acquisitions and buyouts. This wave has transformed the scale, geographic reach, and operational models of hospital chains. The panel will explore emerging trends shaping the next phase of growth, innovation, and patient-centric care in this evolving landscape. How has consolidation impacted competitive dynamics and specialization strategies among multi-specialty hospital chains? What role will geographic expansion beyond metros play in addressing healthcare access gaps and market growth? What to look out for in post-consolidation innovation: adoption of technology, clinical governance, and value-based care models? Investor perspectives: What exit options, valuation trends, and capital strategies are emerging for large hospital networks?

    Speakers:
    Dr. Raajiv Singhal
    , Founding Member, Managing Director and Group CEO, Marengo Asia Hospitals
    Dr. Sameer Kulkarni, CEO, Dr. L H Hiranandani Hospital
    Vineet Aggarwal, Group COO, Paras Health

    Moderator:
    Aman Malik
    , Senior Editor, VCCircle 

  • 10:00 AM – 10:35 AM

    Diagnostics: Driving Affordability & Preventive Healthcare

    India’s diagnostics sector is experiencing rapid expansion driven by rising healthcare awareness, government health initiatives, and technological innovation. Investors are examining opportunities ranging from lab chains, point-of-care testing, molecular diagnostics, to AI-enabled imaging solutions. This panel will discuss growth dynamics, operational challenges, and the evolving regulatory landscape shaping the future of diagnostics in India. What are the trends around consolidation versus fragmentation in lab chains and diagnostic service providers? What is the impact of technology: AI, automation, and tele-diagnostics enhancing accuracy and accessibility for medical testing? How can investors best capitalize on the diagnostics sector’s growth while addressing operational and regulatory complexities?

    Speakers:
    Karthik Narayanaswamy
    , Partner and Head of India, Novo Holdings Asia 
    Dr. Anand K, Managing Director & CEO, Agilus Diagnostics Ltd 
    Issac M. John, Co-founder & CEO, Ivory
    Sanjam Arora, Partner, Trilegal

    Moderator:
    Prithvi Durai
    , Sr. Correspondent, VCCircle 

  • 10:35 AM – 11:10 AM

    Data-Driven Healthcare: AI, Analytics, and Digital Platforms as Investment Catalysts

    India’s healthcare ecosystem is at the cusp of a digital revolution, where AI-powered diagnostics, predictive analytics, and scalable digital health platforms are fundamentally reshaping care delivery, operational efficiency, and patient outcomes. How are AI and analytics driving innovation in diagnostics, patient monitoring, and clinical decision support in India? What are the investment implications of scaling digital health platforms focused on telemedicine, remote monitoring, and health records? How are firms addressing data privacy, interoperability, and regulatory challenges? What is the role of AI-enabled operational efficiencies in hospitals and healthcare delivery networks as investment value drivers?

    Speakers:
    Chaitanya Raju
    , Executive Director and Chief Product Officer, HealthPlix 
    Sidharth Srinivasan, CEO, Lupin Digital Health (Digital Therapeutics)
    Siddharth Sheth, SVP – Medtech Technology, CitiusTech
    Akansh Khurana, CEO & Cofounder, THB

    Moderator:
    Ajay Ramnathan
    , Spl Correspondent, VCCircle 

  • 11:10 AM – 11:40 AM

    Networking Break

  • 11:40 AM – 12:20 PM

    Single Specialty Healthcare: Unlocking Niche Value & Growth

    Single specialty hospitals and clinics focusing on areas such as fertility, eye care, dental among others are expanding rapidly across India. But some domains are still an open field for investors. How are investors looking at these focused models and do they deliver superior clinical outcomes, offer operational efficiency, and patient loyalty, creating attractive risk-adjusted returns amid increasing healthcare demand and specialization? How do investment theses for single specialty healthcare differ from multispecialty hospital platforms? What are the challenges and opportunities in scaling single specialty healthcare models across urban and tier-2-3 markets? What are the unique regulatory, talent, and infrastructure considerations for specialty healthcare investments?

    Speakers:
    Vishal Bali
    , Executive Chairman, Asia Healthcare Holdings
    Dr. Karthik Narayan R, Founder & MD, Athulya Senior Care
    Vikram Vuppala, Founder Chairman & MD, NephroPlus
    Dr. Ashish Joshi, Director, Co-founder and Medical Oncologist, M|O|C Cancer Care and Research Centre
    Dr. Saji Salam, Managing Partner, Careventures Capital

    Moderator:
    Roshan Abraham
    , Sr. Correspondent, VCCircle 

  • 12:20 PM – 12:55 PM

    Medtech & Medical Equipment: Bringing Scale

    India’s medtech sector is witnessing dynamic growth, powered by rising healthcare infrastructure demand, supportive policy frameworks, and innovation in device manufacturing and digital health solutions. Investors are evaluating how to capitalize on opportunities in advanced diagnostics, point-of-care devices, AI-enabled equipment, and domestic manufacturing to address both domestic needs and global supply chain shifts. But there are just a handful of companies that have broken out in terms of scale. What is stopping the sector to go the same way as healthcare services and pharma where large players have emerged over time?

    Speakers:
    Chandrasekhar K
    , Founder & CEO, Forus Health 
    Deepak Anand, CEO, Shalby Medtech
    Anshul Gupta, MD and Head, Healthcare Investment Banking, Avendus Capital

    Moderator:
    Ajay Ramnathan
    , Spl Correspondent, VCCircle

  • 12:55 PM – 1:25 PM

    Healthcare Real Estate: Rise of Specialized Medical Infrastructure

    India’s demographic shift towards an ageing population is creating significant demand for specialized healthcare infrastructure and senior living communities. At the same time investors have also looked at life sciences focused real estate projects to create an integrated ecosystem and some have also eyed healthcare linked property management firms. The evolution of this asset class offers unique challenges and growth potential amid evolving regulatory, cultural, and operational landscapes. How are investors viewing healthcare real estate as a defensive yet growth-oriented asset class in India? What are the opportunities and bottlenecks in developing senior living projects that combine healthcare, lifestyle, and medical services? How to balance operational complexities with real estate portfolio strategies in healthcare assets? How can healthcare real estate and senior living solutions align investor returns with India’s pressing demographic and healthcare infrastructure needs? 

    Speakers:
    Adarsh Narahari
    , Founder & MD, Primus Senior Living
    Rajagopal G, Co-Founder, Director & Group CEO, Lifebridge Group
    Ishaan Khanna, CEO, Antara Assisted Care Services

    Moderator:
    Aman Malik
    , Senior Editor, VCCircle

  • 1:25 PM – 2:30 PM

    Networking Lunch

  • 2:30 PM – 3:10 PM

    Wellness: Investment Horizons in an Evolving Lifestyle & Preventive Healthcare Market

    The wellness sector in India is expanding rapidly, driven by rising consumer health awareness, digital health penetration, and a growing demand for holistic and preventive care solutions. Investors are exploring diverse opportunities spanning fitness, mental health, nutrition, ayurveda, and integrative wellness services, both in urban and emerging markets. How are firms integrating traditional wellness practices like Ayurveda and Yoga with modern preventive healthcare to create fresh scalable opportunities? How is the consumer segmentation and evolving demand patterns in metros, tier-2, and rural India? How can regulatory environment, standardization, and quality assurance boost the wellness industry? Can wellness investment in India move beyond lifestyle to become a cornerstone of preventive healthcare and sustainable growth?

    Speakers:
    Rishikesh Kumar
    , Founder & CEO, XTRALIVING
    Darshak Pandya, VP -  AMEA Region, OmniActives Health Technologies Ltd
    Rajiv Vasudevan, Founder, MD & CEO, Apollo AyurVAID Hospitals
    Dr. Mukesh Thakur, Director Internal Medicine, Acute Medicine & Clinical Transformation, Sir H.N. Reliance Foundation Hospital

    Moderator:
    Prithvi Durai
    , Sr. Correspondent, VCCircle

  • 3:10 PM – 3:50 PM

    Pharma Can Still Generate Alpha in India: Opportunities and Challenges

    India’s pharmaceutical sector continues to evolve beyond its generics manufacturing legacy into a high-growth, innovation-driven industry. With strong government support, rising biosimilars and specialty drug markets, and digital transformation enabling R&D efficiencies, investors are evaluating new pathways to alpha. This panel explores how investors can unlock value in India’s pharma industry amid regulatory shifts, global quality standards, and emerging scientific frontiers. What are the emerging business models: from scale-based generics to innovation-centered R&D investment? What are the realistic return expectations and risk factors for private equity in Indian pharma? In a transforming Indian pharma landscape, can investors still find differentiated alpha, and what strategies will be critical in this evolving environment? 

    Speakers: 
    Annaswamy Vaidheesh, Health care leader & Former MD, GSK Pharma 
    Saumil Mody, President Commercial & Operations, Gennova BioPharmaceuticals
    Dr Rachana Acharya, Business Director - Oncology, Johnson & Johnson Innovative Medicine, India
    Swapnil Jatinbhai Shah, Managing Director, Senores Pharmaceuticals Ltd.
    Sonia Dasgupta, MD & CEO, Investment Banking, JM Financial Ltd

    Moderator:
    Roshan Abraham
    , Sr. Correspondent, VCCircle 

  • 3:50 PM – 5:00 PM

    High Tea & Exclusive Networking Session

    (Access to Speaker Lounge) 

  • 5:00 PM – Onwards

    End of Conference


Speakers '26

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Rajagopal G

Co-founder, Director & Group CEO, Lifebridge Group
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Ishaan Khanna

CEO, Antara Assisted Care Services
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Karthik Narayanaswamy

Partner and Head of India, Novo Holdings Asia
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Dr. Raajiv Singhal

Founding Member, Managing Director and Group CEO, Marengo Asia Hospitals
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Dr. Sameer Kulkarni

CEO, Dr. L H Hiranandani Hospital
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Dr. Karthik Narayan R

Founder & Managing Director, Athulya Senior Care
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Sidharth Srinivasan

CEO, Lupin Digital Health (LDH)
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Vikram Vuppala

Founder Chairman & Managing Director, NephroPlus
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Vishal Bali

Executive Chairman, Asia Healthcare Holdings
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Dr. Anand K.

Managing Director & CEO, Agilus Diagnostics Ltd.
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Dr. Ashish Joshi

Director, Co-founder and Medical Oncologist, M|O|C Cancer Care and Research Centre
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Adarsh Narahari

Founder & MD, Primus Senior Living
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Vineet Aggarwal

Group COO, Paras Health
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Akansh Khurana

CEO & Co-Founder, THB
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Chaitanya Raju

Executive Director and Chief Product Officer, HealthPlix
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Siddharth Sheth

SVP - Medtech Technology, CitiusTech
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Chandrasekhar K

Founder & CEO, Forus Health
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Deepak Anand

CEO, Shalby MedTech
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Sanjam Arora

Partner, Trilegal
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Rajiv Vasudevan

Founder, MD & CEO, Apollo AyurVAID Hospitals
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Anshul Gupta

MD and Head, Healthcare Investment Banking, Avendus Capital
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Saumil Mody

President Commercial & Operations, Gennova BioPharmaceuticals
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Rishikesh Kumar

Founder & CEO, XTRALIVING
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Dr Rachana Acharya

Business Director - Oncology, Johnson & Johnson Innovative Medicine, India
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Dr. Mukesh Thakur

Director Internal Medicine, Acute Medicine & Clinical Transformation, Sir H.N. Reliance Foundation Hospital
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Sonia Dasgupta

MD & CEO, Investment Banking, JM Financial Ltd
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Dr. Saji Salam

Managing Partner, Careventures Capital
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Swapnil Jatinbhai Shah

Managing Director, Senores Pharmaceuticals Ltd.
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Annaswamy Vaidheesh

Health care leader & Former MD, GSK Pharma
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Issac M. John

Co-founder & CEO, Ivory
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Darshak Pandya

VP - AMEA Region, OmniActives Health Technologies Ltd

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