Dr Batra’s plans overseas foray

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New Delhi, February 4: : Charting out expansion plans in domestic and overseas markets, homoeopathic clinic chain Dr Batra’s on Monday said it will set up 50 clinics across the country in the next five years, besides opening its first international centre in London this year.

“We target to set up 10 clinics each year and it requires an investment of about Rs 50 lakh each. We will set up around 50 clinics in the next five years,” Dr Batra’s Chairman and Managing Director Mukesh Batra told PTI.

On expanding overseas, he said the company has incorporated a subsidiary, Dr Batra’s International, in London and would open up the first clinic there in the next 3-6 months.

Dr Batra’s is also in the process of opening a chain of clinics in Oman, for which talk are going on.

“We are in discussion with a big company from Muscat and will open a chain of clinics in the country in two months. We are also thinking to start a centre in Dubai and other cities as well,” Batra said, but declined to divulge the name of the local partner.

The company is also exploring opportunities in 3-5 other countries, he said, but did not reveal any details.

Dr Batra’s on Monday introduced latest hair transplant technology here in association with Denmark-based Dermaticum.

The homoeopathy firm is expecting to close at Rs 85 crore in the current fiscal and looking for a revenue of over Rs 100 crore in 2008-09 financial year, Batra said.