Mumbai: Premji Invest and NewEra Hospitals on Thursday announced an investment in the Maharashtra-based multispecialty hospital platform. The capital from Premji Invest will be deployed towards the launch of three new hospitals in Nagpur, expanding capacity to 800 beds from 350 beds.
The investment supports the expansion of NewEra Hospitals to deepen access to quaternary care across the region. NewEra Hospitals currently has two hospitals in Nagpur and one hospital in Navi Mumbai. It has established strong clinical credibility in complex specialties including neurosciences, transplant, and cardiology.
Gold Rate
Apr 272026 - Time 10.30Hrs
“Structural gaps in India’s healthcare delivery system persist. Nagpur, in particular, requires a higher bed density and an improvement in hospital infrastructure. NewEra Hospital’s three founder doctors are focused on strengthening quality healthcare access. We are backing an institution that has built strong clinical capabilities in Nagpur and Navi Mumbai, led by these three visionaries,” said Prakash Chellam, Partner and Head of Healthcare and Life Sciences at Premji Invest.
NewEra Hospitals was founded in 2016 by veteran doctors Dr. Anand Sancheti, Dr. Nilesh Agrawal, and Dr. Nidheesh Mishra.
“We have always believed that quality quaternary care should not be a privilege restricted to patients in the larger cities. This investment gives us the infrastructure runway to fulfil that promise at scale,” said Dr. Anand Sancheti, Co-Founder, NewEra Hospitals.
“From day one, our goal was never to build just another hospital, but to build an institution that patients could trust in the most critical moments of their lives,” stated Dr. Nilesh Agrawal, Co-Founder, NewEra Hospitals.
“We are excited to partner with the Premji Invest team as we scale NewEra Hospitals. This partnership gives us the confidence and the resources to move faster, build bigger, and deepen our impact across Maharashtra in ways we could not have imagined when we started in 2016,” asserted Dr. Nidheesh Mishra, Co-Founder, NewEra Hospitals.
“Premji Invest’s partnership marks an exciting new chapter for NewEra Hospitals, and we look forward to the journey ahead,” said Ankit Pagariya, Investor, NewEra Hospitals.
Novem Advisors Private Limited, a mid-market investment banking firm founded by Shrenik Vora, acted as the exclusive financial advisor to NewEra Hospitals on this transaction.
About NewEra Hospitals
NewEra Hospitals is a fast-growing quaternary care hospital platform based in Maharashtra. Built on a foundation of strong clinical outcomes and patient-first values, the platform today operates three hospitals across Nagpur and Navi Mumbai, with a combined capacity of 350 beds and a team of 250+ doctors and consultants. NewEra Hospitals serves a breadth of 30+ specialties including neurosciences, organ transplant, and cardiology. It is poised to significantly expand its footprint to 800 beds in the near term, positioning it as the leading quaternary care provider in Nagpur and one of Maharashtra’s most significant regional hospital platforms.
About Premji Invest
Premji Invest (PI) is a leading global investment firm with a charter to back emerging and disruptive technologies, address sizeable market opportunities and nurture the spirit of entrepreneurship. Its evergreen structure allows PI to make investments in India and the US with a long-term horizon. PI invests both in private and public markets. Its private investments include early stage, growth equity and buyouts and focus areas span financial services, technology, consumer, industrials, and healthcare. Public markets investments span listed companies with promising long-term prospects, sustainable returns and high standards of corporate governance across sectors.
The returns generated by PI primarily support the work of Azim Premji Foundation, a non-profit that works to improve the lives of the underserved and underprivileged in society.
For more information, visit https://www.premjiinvest.com/.
