PE Fund Investments
Diagnostic chain Aarthi Scans raises funding from Tata Capital Growth Fund
Tata Capital Growth Fund has picked up a minority stake in Chennai-headquartered diagnostics services provider Aarthi Scans & Labs. Veda Corporate Advisors was the transaction advisor to the company and its promoters. Founded by V.Govindarajan in 2000, Aarthi Scans has over 45 diagnostic centres and 100 collection centres in 10 states including Tamil Nadu, Karnataka, Maharashtra, Delhi-NCR, Pondicherry, Kerala and West Bengal. It plans to use the funds to double the network in the cities it currently operates and open new centres in other Tier I cities.
From the Venture Intelligence Private Company Financials Database: Aarthi Scans reported an operational income of INR 168.47 Cr for FY21.(Subscribers to the database can login to view the detailed financials.)
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