Aster DM Healthcare to invest Rs 850 crore in Kerala, expand bed capacity
Bangalore: Aster DM Healthcare, one of India's leading integrated healthcare providers, has reinforced its deep-rooted commitment to Kerala with a strategic vision for expansion and long-term investment.
Aligned with the state's efforts to attract and facilitate high-impact investments under the ‘Invest Kerala Global Summit’ initiative held in Kochi, Dr Azad Moopen, Founder and Chairman, and Mr. Anoop Moopen, Director at Aster DM Healthcare met Kerala Chief Minister Shri Pinarayi Vijayan and Shri P Rajeev, Minister of Law, Industries, and Coir to discuss the current healthcare landscape and explore opportunities for growth and innovation.
As part of the engagement, Aster has said that it plans to invest around ₹850cr in the next 3 years towards scaling up its infrastructure, medical services, and employment generation in the region. This commitment builds on the ₹500cr Aster has already invested in Kerala during the last 3 years, further solidifying its leadership in the state’s healthcare landscape.
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Looking ahead, Aster has an aggressive investment plan in Kerala that will result in a significant increase in bed capacity, bringing the total number of beds in the state to 3,453 by FY27. Aster currently operates seven hospitals in Kerala, with a total capacity of 2,635 beds, contributing to 53% of the company’s India revenue (9M FY25).
Aster DM Healthcare’s expansion in the state will be driven by two greenfield projects that are coming up namely Aster Capital Trivandrum with a 454-bed facility and Aster MIMS Kasargod with 264 beds. The flagship hospital Aster Medcity will expand to 962 beds by FY27 as well. In Q3FY25, 100 beds were added to Aster Medcity’s existing capacity, further cementing Aster’s leadership in Kerala’s healthcare sector.
Participating in the Invest Kerala Global Summit 2025, Dr. Azad Moopen, Founder and Chairman, Aster DM Healthcare, said, “Kerala has always been at the heart of Aster’s journey, and our commitment to the state is stronger than ever. We are delighted to reaffirm our long-term vision to expand our footprint, bringing world-class healthcare closer to the people of Kerala while fostering employment and medical excellence in the region.
The ‘Invest Kerala Global Summit’ is a pivotal initiative that underscores the state’s potential as a hub for high-impact investments, and we are proud to be a part of this transformative journey. We plan to invest an additional ₹850cr in the next 3 years to further strengthen Kerala’s healthcare landscape. Our expansion plans reflect our unwavering belief in Kerala’s potential as a leader in healthcare innovation and accessibility.”
Mr. Anoop Moopen, Director, Aster DM Healthcare said, “Aster DM Healthcare has been a significant contributor in creating thousands of opportunities for skilled professionals in Kerala.
Today, Aster provides direct employment to over 12700 professionals in Kerala, including thousands of doctors, nurses, and paramedical staff. With our expansion plans, we anticipate creating an additional 4200 jobs, further strengthening Kerala’s healthcare workforce and economy. Being part of the ‘Invest Kerala Global Summit’ reinforces our commitment to not only building infrastructure but also nurturing talent, empowering communities, and reinforcing Kerala’s reputation as a centre for medical excellence.”
Aster DM Healthcare's ambitious expansion plans underscore its commitment to enhancing healthcare infrastructure and services in India. With a focus on strategic growth, patient-centric care, and regional expansion, the company is poised to make a significant impact on the healthcare landscape, ultimately benefiting communities and individuals across the country.
Aster’s commitment to Kerala extends beyond infrastructure and employment, with the organisation playing a crucial role in community healthcare initiatives. Through ‘Aster Volunteers’, the company has been at the forefront of disaster relief efforts, responding to emergencies with medical aid and humanitarian support.
During the devastating landslide in Wayanad, Aster’s medical teams mobilised swiftly, providing critical emergency care, rehabilitation assistance, and ongoing medical support to affected families. This unwavering dedication to community service underscores Aster’s broader mission - to not only deliver advanced healthcare but to stand in solidarity with the people of Kerala in times of crisis.
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