Dr Manish Chhaparwal and Mewar Orthopedic Hospital were featured by Forbes in its series of identifying hidden investment gems. With Revenues touching Rs 120 Crores in 2012-13, Mewar Ortho seems to have crossed the tipping point in starting off on the scale journey.

Forbes particularly identified the capabilities of Dr Chhaparwal in being instrumental in Mewar’s success. Ashish Mohapatra, vice president of Matrix Partners, termed Dr Chhaparwal as being clinical, operational and commercial – three skills that a Private Equity firms looks for in a doctor-promoter.

It may be noted that Matrix Partners had invested Rs 35 Crores in December 2012 for picking up significant minority stake in Mewar Hospital. This investment by Matrix is aimed at helping Mewar Ortho set up branches to provide high quality, fast turnaround care for patients in Tier II cities, where there is a dearth of orthopedic and allied care facilities. Currently Mewar Hospital has 12 branches across Rajasthan, Madhya Pradesh and Gujarat.

This article will be featured in the Forbes India magazine of 06 September, 2013.

Information and photo source: Forbes India