Indraprastha Apollo: Massive Expansion Plan | Big Growth Ahead?

Is Indraprastha Medical (Indraprastha Apollo) set for a major turnaround? Unlike HCG, which follows a chronic specialty model, Indraprastha Apollo is a multi-speciality hospital and has delivered muted long-term returns because it operated as a single-unit, fully-utilized facility with 750 beds, running at ~80% occupancy for nearly a decade. Growth stalled as the Delhi Government previously did not allow expansion, despite strong demand. The scenario has now changed dramatically. The Delhi State Government and Apollo have approved a major expansion plan, expected to increase capacity from 750 to nearly 2000 beds over the next 4–5 years, unlocking strong revenue growth potential. With demand already in place, Indraprastha Apollo could be entering a transformational growth cycle.