Latest news with #ManipalEducationandMedicalGroup
Time of India
22-07-2025
- Business
- Time of India
Manipal Group's promoter family buys Rs 64 cr ultra-luxury apartment in Bengaluru's Jayamahal Extension
Shruti R Pai, wife of Manipal Education and Medical Group Chairman Ranjan Pai, has purchased a luxury residential apartment in Bengaluru 's upscale Jayamahal Extension for Rs 64 crore, according to property registration data sourced from Zapkey. The transaction was executed with Savyasachi Projects, represented by Parag S. Maniar and H. Vijayanath Hegde. The property is located in the exclusive Savyasachi Sarayu project, a luxury residential tower comprising limited high-end units. The apartment spans the 13th and 14th floors and has a super built-up area of 12,800 sq ft, with a carpet area of 9,929 sq ft. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Cybersecurity healthcare Leadership Data Science MCA Public Policy Others Operations Management Management Design Thinking MBA Product Management Artificial Intelligence Healthcare Technology Data Analytics Data Science PGDM others CXO Finance Degree Project Management Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details At Rs 64 crore, the deal works out to Rs 64,457 per sq ft on carpet area — a benchmark rate for residential transactions in this micro-market, signaling the rising appetite for ultra-luxury residences in Bengaluru's old-money neighbourhoods. The property also includes four covered car parks, a lumber room in the basement amongst other amenities, mentioned the sales deed document. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You might be interested Undo 'This purchase reflects a growing trend in Bangalore's high-value property market. Previously, the Rs 50 crore-plus segment was dominated by bungalows, but we are now observing a clear rise in luxury apartment transactions at this level. This segment will likely expand as more developers cater to the demand for premium, amenity-rich gated living,' said Sandeep Reddy Co-founder of Propstack. Jayamahal Extension, located near the Bangalore Palace and in close proximity to the CBD, has seen limited but significant high-value real estate deals in recent years, driven by demand from legacy families, HNIs, and industrialists. This transaction is part of a broader trend of wealthy promoters and business families investing in marquee residential properties in Bengaluru, which has recently seen a spurt in luxury real estate activity. Live Events Earlier this year, Nithin Kamath , co-founder of Zerodha , reportedly picked up a sprawling bungalow in the Koramangala 3rd Block area for over Rs 70 crore, while Binny Bansal, Flipkart's co-founder, invested in a high-value residential plot in Sadashivanagar for over Rs 55 crore. Another significant deal included the family of Infosys co-founder Kris Gopalakrishnan purchasing a luxury villa in Whitefield's Palm Meadows enclave for approximately Rs 35 crore. According to analysts, limited inventory in prime neighbourhoods such as Jayamahal, Sadashivanagar, and Richmond Town is driving a price surge for premium properties. 'These are not speculative buys — families are acquiring them for self-use, legacy, or as lifestyle investments. The lack of high-quality inventory is pushing per square foot rates to record highs,' said a senior executive at a luxury real estate advisory firm. Experts say that demand intensifies, industry insiders expect a continued rise in big-ticket residential sales in the Rs 40–Rs 75 crore band, driven by NRI investors, family offices, and promoter groups reshoring wealth back into Indian assets. According to the latest Knight Frank Wealth Report 2025, the number of UHNIs (net worth above $30 million) in India grew by 12.4% in 2024, outpacing the global average. Bangalore alone is home to over 250 UHNIs, a number expected to cross 320 by 2027. The same report highlights that India added 1,200 new millionaires every week in 2024, many of whom are technology entrepreneurs, second-generation business families, and global professionals returning to India.
Yahoo
02-06-2025
- Business
- Yahoo
KKR Provides $600 Million Financing to Indian Conglomerate Manipal Group
Transaction marks KKR's latest and largest credit investment in India MUMBAI, India, June 02, 2025--(BUSINESS WIRE)--KKR, a leading global investment firm, and Manipal Education and Medical Group ("MEMG" or "Manipal Group"), a major diversified conglomerate in India, today announced a $600-million financing arranged by KKR Capital Markets and anchored by KKR's private credit and insurance platforms to the Manipal Group. The investment will enable the Manipal Group to accelerate its corporate expansion and growth objectives by providing flexible, structured capital matched to its long-term strategic needs. The Manipal Group is a leading conglomerate in India with various institutions and major businesses across the healthcare, education, and health insurance sectors, including Manipal Health Enterprises, one of India's top multispecialty hospitals chains in India. KKR's Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of KKR's private markets investment capabilities and its expertise as one of the largest alternative credit managers globally. Gaurav Trehan, Co-Head of KKR Asia Pacific and Head of Asia Private Equity, KKR said, "We are pleased to deepen our relationship with the Manipal Group and Dr Ranjan Pai, who have established one of India's pre-eminent and homegrown businesses, as they continue to deliver on their long-term vision. The Manipal Group has built a strong reputation over the decades as one of India's healthcare and education leaders, and we look forward to supporting and contributing to their continued success." Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group, said, "We are proud to welcome KKR as a strategic partner as we continue to build on Manipal's legacy in healthcare and education. KKR's longstanding India focus and flexible capital approach, as well as alignment with our long-term vision, present a strong fit for us." Diane Raposio, Partner and Head of Asia Credit and Markets at KKR, added, "This transaction underscores the strength of our global credit platform and our ability to provide strategic, scaled capital solutions to leading businesses. India is a priority market for our credit strategy, and we look to build on this momentum to be a partner of choice to more high-quality companies like Manipal on their growth ambitions." KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than $21 billion. Additional details of the transaction are not disclosed. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Manipal Education and Medical Group (MEMG) Founded in 1953 by Padma Shri Dr TMA Pai, MEMG has evolved into a diversified conglomerate, with a strong presence in healthcare, education and health insurance in India and globally. MEMG's operations touch the lives of over 20 million people annually with Manipal Hospitals scaling up to become the largest tertiary network in India. MEMG's flagship University, Manipal Academy of Higher Education has been recognized as an Institute of Eminence by the Government of India. Claypond Capital, the family office of Dr. Pai and the investing arm of MEMG has been one of the more prolific investing family offices in India in the last 18 months. Their marquee investments include Aakash, BPL Medical, BlueStone, Easy Home Finance, First Cry, Finnable, InCred Finance, NSE, Panacea Medical, PharmEasy, Purpple, Recykal, SSI Innovations and Zepto. View source version on Contacts Media Contacts For KKR Asia PacificWei Jun Ong+65 6922 For Manipal GroupShyam Powar+91 98804 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-06-2025
- Business
- Business Wire
KKR Provides $600 Million Financing to Indian Conglomerate Manipal Group
MUMBAI, India--(BUSINESS WIRE)--KKR, a leading global investment firm, and Manipal Education and Medical Group ('MEMG' or 'Manipal Group'), a major diversified conglomerate in India, today announced a $600-million financing arranged by KKR Capital Markets and anchored by KKR's private credit and insurance platforms to the Manipal Group. The investment will enable the Manipal Group to accelerate its corporate expansion and growth objectives by providing flexible, structured capital matched to its long-term strategic needs. The Manipal Group is a leading conglomerate in India with various institutions and major businesses across the healthcare, education, and health insurance sectors, including Manipal Health Enterprises, one of India's top multispecialty hospitals chains in India. KKR's Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of KKR's private markets investment capabilities and its expertise as one of the largest alternative credit managers globally. Gaurav Trehan, Co-Head of KKR Asia Pacific and Head of Asia Private Equity, KKR said, 'We are pleased to deepen our relationship with the Manipal Group and Dr Ranjan Pai, who have established one of India's pre-eminent and homegrown businesses, as they continue to deliver on their long-term vision. The Manipal Group has built a strong reputation over the decades as one of India's healthcare and education leaders, and we look forward to supporting and contributing to their continued success.' Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group, said, 'We are proud to welcome KKR as a strategic partner as we continue to build on Manipal's legacy in healthcare and education. KKR's longstanding India focus and flexible capital approach, as well as alignment with our long-term vision, present a strong fit for us.' Diane Raposio, Partner and Head of Asia Credit and Markets at KKR, added, 'This transaction underscores the strength of our global credit platform and our ability to provide strategic, scaled capital solutions to leading businesses. India is a priority market for our credit strategy, and we look to build on this momentum to be a partner of choice to more high-quality companies like Manipal on their growth ambitions.' KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than $21 billion. Additional details of the transaction are not disclosed. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at Founded in 1953 by Padma Shri Dr TMA Pai, MEMG has evolved into a diversified conglomerate, with a strong presence in healthcare, education and health insurance in India and globally. MEMG's operations touch the lives of over 20 million people annually with Manipal Hospitals scaling up to become the largest tertiary network in India. MEMG's flagship University, Manipal Academy of Higher Education has been recognized as an Institute of Eminence by the Government of India. Claypond Capital, the family office of Dr. Pai and the investing arm of MEMG has been one of the more prolific investing family offices in India in the last 18 months. Their marquee investments include Aakash, BPL Medical, BlueStone, Easy Home Finance, First Cry, Finnable, InCred Finance, NSE, Panacea Medical, PharmEasy, Purpple, Recykal, SSI Innovations and Zepto.
