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Yash Birla Group decides to take ahead its plans of entering the Healthcare Industry

Anurag Bhullar


Yash Birla Group, recently declared its plans of gaining a majority stake in Kerala Vaidyashala. This will be through a joint venture, with the former sitting on 51 percent of stake. Vaidyashala is an Ayurvedic Therapy chain and this step of Yash Birla Group is an attempt to materialize its announcement of entering the Health care and wellness Industry.


However, no financial details have come out, so far. The new Entity, to be christened Birla Kerala Vaidyashala will see an investment of about Rs.50crore that will be spread over the next three years. This will be Kerala Vaidyashala, which was started by Kuhnirama Kuroop, belongs to the state’s Calicut district. The chain opened its first stay spa at Kochi. The business was expanded by Harshajeet and Vishwajeet, the grandsons of the initiator. They took the number of centres to 30 across the country.


According to the chairman Yash Birla of the group, the company will be declaring a number of similar announcements in near future. The mentioned one marks the start of it. The Birla group is already present in a number of sectors like auto engineering, textiles, power solutions, solar power, Information technology and Education.

 
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