Health Sanctuary to fund Expansion Plans with Stake Dilution

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Health Sanctuary Pvt Ltd., a premier chain of Slimming, Skin Care & Cosmetic Surgery Clinics is in talks to offload about 10 per cent stake to a foreign partner to fund its growth ambitions.

Health Sanctuary Pvt Ltd., which is in the business of Health and Wellness, is in talks to offload about 10 per cent stake to a foreign partner to fund its growth ambitions.

We hope to get about Rs 30 crores from the stake divestment in our flagship company that controls all our health and beauty businesses, says R H Choudhary, Director, HS Group of Companies.

HEALTH SANCTUARY plans to invest a total of about Rs 35 to 40 crores in the next couple of years for its expansion.

The company is eyeing the divestment to fund its expansion pan India as well as its international foray. Currently, the husband-wife duo holds 100 per cent in the company which, post divestment, will come down to 90 per cent.

What will HEALTH SANCTUARY do with the money?

The company currently has 12 Weight Management and Skin Care centres in India and plans to take the tally to 50 in another couple of years at a cost of about Rs 12 to 15 crores.

The company also plans to open a HEALTH SANCTUARY Institute, in the city suburbs in next fiscal. The institute will train people in Weight Management, Skin Care and health, enabling them to work at HEALTH SANCTUARY centres or start their own ventures. For those who set up their own entrepreneurial ventures, HEALTH SANCTUARY will supply them with Health and Fitness products as well as well as equipments.

North of India will also see two Health Sanctuary Weight Management & Skin Care Clinics debut in a couple of months.

These Clinics will provide Services and retail Herbal and Ayurvedic treatment products developed by the HS Personal Care division. The company also plans to expand the reach of its Med spa and Sculpting studios to metros other than Delhi.

Plans are also afoot to open Health Sanctuary Centres in Dubai, Kuwait and Singapore. Seventy five per cent of the employees in the International centres will be Indians and the remaining will be locals, says R H Choudhary.

The company which is ISO 9001:2008 certified claims to serve a client base of more than a lakh

Future plans

We will also come out with a Rs 100 crore public issue of equity shares once we have consolidated our position in the market, says Choudhary.

The company hopes to list its shares on Indian as well as international bourses in the coming 2 to 3 years time.