Adani integrates healthcare foray with airport expansion strategy

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26 Aug, 2025 12:21

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The Adani Group, which is expanding into healthcare through its not-for-profit arm, the Adani Foundation, plans to develop hospitals across the country, with a significant number strategically located near airports operated by the conglomerate, sources told Moneycontrol. This initiative aligns with Adani’s broader strategy of leveraging its airport infrastructure to create integrated healthcare hubs and tap into the growing medical tourism market.

In 2022, Adani Enterprises set up Adani Health Ventures Limited (AHVL), a wholly owned subsidiary, to enter the healthcare sector. AHVL was established to operate hospitals, diagnostic centres, health tech-based facilities, and research institutes. The group, according to sources, has been in talks with leading names in the healthcare space and is expected to invest up to $4 billion in the business.

In February 2025, Adani announced a Rs 6,000-crore investment to set up two integrated health campuses in Mumbai and Ahmedabad in partnership with Mayo Clinic. Each campus will include super-specialty hospitals, medical colleges, transitional care facilities, and advanced research centers.

“The idea is to make medical travel seamless. Patients can simply fly to designated airports, receive treatment, and fly back without unnecessary hassle,” a source familiar with the plans told Moneycontrol. “The group is leveraging its strong presence in airport infrastructure to develop healthcare cities near its hubs, positioning them as key destinations for medical tourism.”

Adani’s airport expansion is closely tied to this healthcare strategy, especially in locations where development of commercial real estate is not viable.

Adani Airport Holdings Limited (AAHL), incorporated in 2019 as a wholly owned subsidiary of Adani Enterprises, is India’s largest airport infrastructure company. The group entered the sector by winning bids to operate and manage six airports — Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram — under concession agreements with the Airports Authority of India.

It also holds a 73 percent stake in Mumbai International Airport Ltd, which, in turn, owns 74 percent of Navi Mumbai International Airport Ltd. With eight airports in its portfolio, AAHL handles 25 percent of India’s passenger footfall and 33 percent of its air cargo traffic.

The group’s healthcare business is led by Prashant Jhaveri, CEO of Adani Healthcare, who is overseeing the expansion strategy and execution.

With India emerging as a key destination for medical tourism,  large hospitals are attracting patients from South Asia, the Middle East, and Africa among others.

India’s medical tourism sector, valued at $7.69 billion in 2024, is poised for rapid growth and is expected to reach $14.31 billion by 2029. As a key foreign exchange earner, the sector continues to draw international patients seeking high-quality, cost-effective medical care.