Assisted reproductive technology provider International Fertility Centre is aiming to add 26 new centres across India and abroad by the end of 2020.
The company currently has 14 clinics in India and Nepal providing various services, including IVF, natural IVF, IVF with egg donor, surrogacy, embryo donation, hysteroscopy and laparoscopy among others.
“We are planning to add 26 new centres across the country and outside by end of 2020, this would take the total number of our centres to 40,” International Fertility Centre Chief Executive Officer Saarthak Bakshi told PTI.
UAE, Sri Lanka and Bangladesh are the locations that the company is looking outside India, while in the domestic market it is exploring sites at Indore, Bhopal, Jammu, Ranchi and Raipur among others, he added.
When asked how the company plans to fund the expansion, Bakshi said: “It would be from internal accruals and we will also be looking for investors for growth capital.”
The model the company will follow is asset light model, he said.
International Fertility Centre currently is present in locations such as New Delhi, Gurgaon, Gorakhpur, Sonepat, Nawanshahr, Jalandhar, Jaipur and Bikaner in India, and Kathmandu, Pokhara and Biratnagar in Nepal.