By: IPP Bureau
Last updated : August 26, 2026 1:35 pm
The investment further strengthens the company’s track record of partnering with high-quality mid-market businesses and providing tailored capital solutions
Piramal Alternatives, the fund management division of the Piramal Group, has announced an investment of Rs. 215 Cr in Kolors Healthcare India, one of the market leaders in wellness chain industry in South India.
The investment has been made through Piramal Alternatives’ India Credit Opportunities Fund II (“PCF II”) and will support Kolors’ next phase of growth, including the expansion of its clinic network, enhancement of existing infrastructure, diversification of its service portfolio and the strategic transformation of its centres under the “Kolors 2.0” initiative.
Kalpesh Kikani, CEO, Piramal Alternatives, said “We are excited to partner with the Kolors management team as the company embarks on its next phase of growth. Kolors has built a strong brand and differentiated presence in the rapidly evolving wellness and preventive healthcare segment.
“Its focus on customer outcomes, disciplined execution and continued investment in technology and service innovation positions it well for sustainable growth. We look forward to supporting the management team in scaling the platform and creating long-term value,” added Kikani.
Vijaya Krishna, MD, Kolors Healthcare India Private Limited, said "We are delighted to welcome Piramal Alternatives as a strategic growth partner. Their investment is a strong endorsement of the Kolors platform, our management team and the significant opportunity ahead in India’s wellness and preventive healthcare market.”
“The capital will enable us to accelerate clinic expansion, strengthen our infrastructure, broaden our service offerings and advance our Kolors 2.0 transformation. We look forward to leveraging Piramal Alternatives’ institutional expertise and long-term perspective as we scale the business,” added Krishna.
Venkata Shivaji Kuna, Executive Director, Kolors Healthcare India Private Limited, said, “India’s growing wellness challenges require solutions that are accessible, personalised and outcome-driven.”
“The combined strengths of Piramal Alternatives and Kolors will help us address these needs at scale. Through Kolors 2.0, we aim to build a stronger wellness platform that solves real lifestyle and preventive healthcare needs across India,” added Kuna.