PVP Ventures Acquires 52% Stake in Medilabs to Expand Healthcare Reach

25 Apr 2025 CW Team

PVP Ventures Limited (PVP) has announced the acquisition of a 52% stake in Biohygea Global Private Limited, known under the brand name Medilabs, marking a significant milestone in its ambition to build a comprehensive global healthcare services platform. This move aligns with PVP’s previously outlined strategy focusing on illness, wellness, and care, with a special emphasis on underserved markets.

The acquisition includes both primary and secondary stake purchases, securing PVP an initial 52% shareholding. PVP also plans to increase its stake over time through additional tranches. Established in 2014 by Dr Prakash, a radiologist, and G Dillibabu, a hospital and lab operations expert, Medilabs operates diagnostic centres and collaborates with local hospitals to set up labs within their premises. It offers a wide test menu of over 1,500 tests and includes facilities such as CT imaging and ultrasound services.

With this partnership, Medilabs will now focus on strengthening its position in Tier 2 and Tier 3 cities, positioning itself as a differentiated diagnostics player in the areas of fetal medicine, genomics, and oncology testing.

Arjun Ananth, CEO of PVP Ventures, commented, “This transaction fills a critical service offering in our strategy of building a powerful house of brands in healthcare services focused on Tier 2 and Tier 3 markets. We welcome Medilab into the PVP fold and look forward to making them a differentiated and scaled diagnostics player in the near future.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..