Latest news with #RajitMehta
Business Standard
10 hours ago
- Health
- Business Standard
Antara Senior Care Improves Access to Transition Care for Recovering Seniors, Introduces Cashless Insurance Cover at its Care Homes
NewsVoir Bengaluru (Karnataka) [India], July 1: Antara Senior Care, pioneers of integrated senior care in India and part of the $5-billion Max Group, has initiated phased roll-out of cashless insurance coverage for transition care facility across all its Care Homes, starting from its Bengaluru centre in Bannerghatta. With this, Antara Care Homes becomes one of the only two Indian senior-care operators to offer this essential service in the country. Enabled through a Third-Party Administrator (TPA)--an external agency that manages claims and coordinates between the insurer, care provider, and policyholder--Antara's initiative improves access to transition care, which focuses on providing structured recovery and rehabilitation support as patients move from a hospital to home. Data shows that timely post-acute care improves outcomes, prevents complications, and significantly reduces caregiver stress. Rajit Mehta, MD and CEO, Antara Senior Care, said, "Families are increasingly seeking insurance-backed solutions to assist with transition care for their elders especially after stroke, orthopaedic surgery, organ transplantation, wherein rehabilitation is an important part of recovery and regaining quality of life. TPA facility at Antara Care Homes directly addresses this need. Our goal is clear: to ensure that as India's insurance landscape evolves, Antara continues to lead with inclusive, clinically robust, and financially accessible senior care models." Out-of-pocket expenses still account for almost half of total healthcare spending in India, where senior population has been rising steadily since the turn of the century and is projected to more than double to over 350 million by 2050. Age-related multi-morbidities, frequent hospitalizations, and long-drawn recovery demand a shift in how transition care for seniors is delivered and financed. Ishaan Khanna, CEO, Antara Assisted Care Services, said, "Antara's move to offer TPA insurance at its Care Homes ensures continuity in care when it matters the most, offers relief to caregivers, and restores dignity for patients. Without TPA-backed cashless insurance for transition care, many families are forced to bring patients home prematurely, rely on part-time physiotherapy and informal care, despite being educated by their doctor about the benefits of supervised, structured care immediately after hospitalisation. This can delay recovery, hamper mobility, increase complications, burden of care, and stress, leading to emotional withdrawal." "We are working closely with TPAs, insurers, and policymakers to broaden the scope of coverage. We are also exploring similar support for our Memory Care facility, Care at Home services and assisted living services," Ishaan Khanna added. The process for cashless insurance service (TPA) at Antara Care Homes is designed to be seamless and family friendly. A patient's shift to Antara Care Homes is supported by the treating doctor's reference and a discharge summary, clinical assessment by Antara's medical team, and help with documentation. After being launched for Antara Care Home in Bengaluru's Bannerghatta area, the cashless insurance coverage will be rolled out across facilities in Gurugram, Noida, and Chennai. The cashless model will allow eligible insurance policies to cover a wide range of services, such as room charges within policy limits, caregiver fee, nursing care, basic doctor consultations, diagnostics. The Antara Care Homes ecosystem offers integrated senior care through its specialized transition care, assisted living, and memory care facilities designed with age-friendly infrastructure and geriatric-trained medical staff. Our team caters to the clinical, nutritional, emotional and cognitive needs of seniors in a warm, home-like environment with spaces curated for communal interaction and activities. Our dedicated team provides crucial pre- and post-operative recovery and rehabilitation, and end-of-life care with dignity and compassion. To connect with Antara Care Homes, please contact: +919811441111. Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $5 billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of businesses - Residences for Seniors and Assisted Care Services. Antara's first senior residential community in Dehradun comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. It will open its second senior living community in Noida's Sector-150 with families moving into the 340 apartments built in the first phase as and when statutory approvals will be in place. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360, - Delhi-NCR's first intergenerational community developed by Max Estates. Antara's Assisted Care Services include 'Care Homes', 'Care at Home' and 'AGEasy'. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With facilities across Gurugram, Noida, Bengaluru and Chennai, the Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi-NCR, Bengaluru and Chennai, provides well-equipped, trained professionals offering care to seniors inside their home's comfort. AGEasy - an online and offline store - focuses on senior specific products and solutions to manage chronic health conditions. Website:
Fashion Value Chain
12 hours ago
- Business
- Fashion Value Chain
Antara Senior Care Improves Access to Transition Care for Recovering Seniors, Introduces Cashless Insurance Cover at its Care Homes
Antara introduces third-party administrator (TPA) insurance at its Bengaluru Care Home, followed by phased roll-out at all its facilities in the country, empowering seniors with clinically backed, personalised care solutions after hospitalisation and major health events Antara Care Homes becomes one of the only two senior-care operators in India to offer cashless insurance for transition care Antara Senior Care, pioneers of integrated senior care in India and part of the $5-billion Max Group, has initiated phased roll-out of cashless insurance coverage for transition care facility across all its Care Homes, starting from its Bengaluru centre in Bannerghatta. With this, Antara Care Homes becomes one of the only two Indian senior-care operators to offer this essential service in the country. Enabled through a Third-Party Administrator (TPA)-an external agency that manages claims and coordinates between the insurer, care provider, and policyholder-Antara's initiative improves access to transition care, which focuses on providing structured recovery and rehabilitation support as patients move from a hospital to home. Data shows that timely post-acute care improves outcomes, prevents complications, and significantly reduces caregiver stress. Mr. Rajit Mehta, MD and CEO, Antara Senior Care, said, 'Families are increasingly seeking insurance-backed solutions to assist with transition care for their elders especially after stroke, orthopaedic surgery, organ transplantation, wherein rehabilitation is an important part of recovery and regaining quality of life. TPA facility at Antara Care Homes directly addresses this need. Our goal is clear: to ensure that as India's insurance landscape evolves, Antara continues to lead with inclusive, clinically robust, and financially accessible senior care models.' Out-of-pocket expenses still account for almost half of total healthcare spending in India, where senior population has been rising steadily since the turn of the century and is projected to more than double to over 350 million by 2050. Age-related multi-morbidities, frequent hospitalizations, and long-drawn recovery demand a shift in how transition care for seniors is delivered and financed. Mr. Ishaan Khanna, CEO, Antara Assisted Care Services, said, 'Antara's move to offer TPA insurance at its Care Homes ensures continuity in care when it matters the most, offers relief to caregivers, and restores dignity for patients. Without TPA-backed cashless insurance for transition care, many families are forced to bring patients home prematurely, rely on part-time physiotherapy and informal care, despite being educated by their doctor about the benefits of supervised, structured care immediately after hospitalisation. This can delay recovery, hamper mobility, increase complications, burden of care, and stress, leading to emotional withdrawal.' 'We are working closely with TPAs, insurers, and policymakers to broaden the scope of coverage. We are also exploring similar support for our Memory Care facility, Care at Home services and assisted living services,' Ishaan Khanna added. The process for cashless insurance service (TPA) at Antara Care Homes is designed to be seamless and family friendly. A patient's shift to Antara Care Homes is supported by the treating doctor's reference and a discharge summary, clinical assessment by Antara's medical team, and help with documentation. After being launched for Antara Care Home in Bengaluru's Bannerghatta area, the cashless insurance coverage will be rolled out across facilities in Gurugram, Noida, and Chennai. The cashless model will allow eligible insurance policies to cover a wide range of services, such as room charges within policy limits, caregiver fee, nursing care, basic doctor consultations, diagnostics. The Antara Care Homes ecosystem offers integrated senior care through its specialized transition care, assisted living, and memory care facilities designed with age-friendly infrastructure and geriatric-trained medical staff. Our team caters to the clinical, nutritional, emotional and cognitive needs of seniors in a warm, home-like environment with spaces curated for communal interaction and activities. Our dedicated team provides crucial pre- and post-operative recovery and rehabilitation, and end-of-life care with dignity and compassion. To connect with Antara Care Homes, please contact: +919811441111. About Antara Senior Care Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $5 billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of businesses – Residences for Seniors and Assisted Care Services. Antara's first senior residential community in Dehradun comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. It will open its second senior living community in Noida's Sector-150 with families moving into the 340 apartments built in the first phase as and when statutory approvals will be in place. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360, – Delhi-NCRs first intergenerational community developed by Max Estates. Antara's Assisted Care Services include 'Care Homes', 'Care at Home' and 'AGEasy'. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With facilities across Gurugram, Noida, Bengaluru and Chennai, the Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi-NCR, Bengaluru and Chennai, provides well-equipped, trained professionals offering care to seniors inside their home's comfort. AGEasy – an online and offline store – focuses on senior specific products and solutions to manage chronic health conditions. Website:
Yahoo
02-06-2025
- Business
- Yahoo
Max India Ltd (BOM:543223) Q4 2025 Earnings Call Highlights: Strong Growth in Senior Living and ...
Rights Issue: Successfully concluded with an issue of 125 crores, oversubscribed by 1.4 times. Asset Monetization: Completed sale of Max Towers for 105 crores. Antara Senior Living Sales: Sold 90% of inventory (260 out of 292 units) as of March 31, 2025. Assisted Care Revenue: 65.2 crores for FY25, with a Q4 revenue of 23.5 crores, showing a 22% sequential growth. Care Homes Revenue Growth: 38% year-on-year growth for FY25, with Q4 revenue of 2.3 crores. Care at Home Revenue: Achieved highest-ever revenue of 17.3 crores for FY25, with a 52% year-on-year growth in Q4. AG Vertical Revenue: 40.4 crores for FY25, with a Q4 revenue of 16.6 crores, reflecting a 4X year-on-year growth. Consolidated Net Revenue: 164 crores for FY25, with Q4 revenue of 46 crores, 16% higher than Q3 FY25. Consolidated EBITDA Loss: 37.2 crores, primarily due to increased marketing spend. Net Worth: 359 crores as of March 31, 2025. Warning! GuruFocus has detected 3 Warning Sign with BOM:543223. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Max India Ltd (BOM:543223) successfully concluded a rights issue, which was oversubscribed by 1.4 times, indicating strong investor confidence. Antara Senior Living was awarded 'Operator of the Year' at the Asia Pacific Elder Care Innovation Awards, showcasing its leadership in the senior living sector. The company completed the strategic sale of non-core assets, strengthening its balance sheet and providing capital for growth initiatives. Antara's Gurgaon project saw a strong sales performance, with 90% of inventory sold within eight months of launch. The company reported significant growth in its assisted care segment, with a 2-3x increase in net revenue year-on-year. There is a delay in obtaining the occupancy certificate for the Noida project, affecting the timeline for possession. The launch of phase two in sector 150 has been delayed due to regulatory setbacks, impacting future sales timelines. The company's consolidated EBITDA loss increased due to higher marketing expenses, reflecting ongoing investment in growth. The expansion of bed capacity in the assisted care segment is still in progress, with some delays in operationalizing new facilities. The company faces challenges in finding suitable partners for land acquisition, which could slow down future expansion plans. Q: Have collections increased beyond just the upfront fees for the senior living units in Gurugram? A: Yes, collections now include 10% on application and another 10% on signing the agreement to sell, resulting in 20% of all bookings collected by March 31st. This trend is expected to continue as construction progresses. - Rajit Mehta, MD & CEO Q: Can you provide more details on the second project with Max Estates in Gurugram and its financial implications? A: The second project is a separate entity from the first, with plans to launch in late Q2 or early next quarter. We expect significant sales and ATS registrations, with collections estimated at INR 220 crores, subject to shareholder approval. - Rajit Mehta, MD & CEO Q: Why is the pace of execution relatively slow despite the market potential and brand strength? A: We are ensuring sufficient experience and waiting for the Noida sector 150 issues to resolve, which will unlock capital. We aim to avoid land acquisition costs and are seeking credible partners. Aggressiveness will increase as these factors align. - Rajit Mehta, MD & CEO Q: Is there a plan to expand the AG platform internationally, given its growth and first-mover advantage? A: Currently, the focus is on the Indian market due to its vast potential. We are building a robust product chain and tech platform. International expansion may be considered once these foundations are solidified. - Rajit Mehta, MD & CEO Q: What is the strategy for customer acquisition in the care-at-home business? A: We use a dual strategy: performance marketing through Google and Meta, and partnerships with doctors and hospitals. An app is in development to facilitate service booking, expected to be ready in 90 to 120 days. - Rajit Mehta, MD & CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Standard
31-05-2025
- Business
- Business Standard
Max India Limited's Rights Issue: 1.45 Times Oversubscription Signals Strong Investor Confidence
NewsVoir New Delhi [India], May 31: Max India Limited (MIL) has announced the successful closure of its Rights Issue, raising Rs. 124.23 crore through the issuance of 82,81,973 fully paid-up equity shares at Rs. 150 per share. The offering was oversubscribed, signalling strong investor support for the company's strategic direction, leadership, and long-term vision to build an integrated platform offering lifecare and lifestyle products and services designed to enhance the quality of life for seniors. This is also indicative of stronger-than-anticipated investor interest, and reaffirms market confidence in Max India Limited's expanding portfolio through its subsidiaries across senior residences, assisted living, and technology-led platform for managing chronic conditions. Speaking about the Rights Issue, Tara Singh Vachani, Vice-Chairperson, Max India Limited, and Executive Chairperson, Antara Senior Living, said, "This oversubscription reflects strong validation of our long-term vision and the value we're creating in the senior care space. We remain focused on delivering long-term value to all stakeholders." Rajit Mehta, Managing Director, Max India Limited, said, "We're grateful to our shareholders and investors for their continued trust and confidence. This capital will help us accelerate our next phase of growth and strengthen our market position." The announcement of the Rights Issue was met with positive market sentiment, with Max India Limited's stock seeing a 3% uptick on the day of board approval. Capital Allocation and Strategic Priorities The funds raised through the Rights Issue will be deployed towards growth of its wholly owned subsidiary Antara Assisted Care Services Limited (AACSL) and will be utilised for sales, marketing and to meet working capital requirement. The balance will be utilised for general corporate purposes. This capital infusion supports Max India's broader strategy to build and scale a senior-centric health and wellness platform. The company remains focused on delivering top-line growth, margin improvement, and sustainable value creation. With the successful closure of the Rights Issue, Max India Limited has strengthened its balance sheet and is better positioned to capitalize the emerging opportunities in the senior care ecosystem. The company remains committed to delivering high-quality, people-centric care while building long-term value for its stakeholders. MIL is the holding company of Max Group's Senior Care business i.e. Antara Senior Living Limited (Residences for Seniors) and Antara Assisted Care Services Limited (Care Homes, Care at Home, and AGEasy). Max India investor list includes: Habrok Capital, Aionios Alpha, Avener Capital, Value Prolific, Rohit Lala, Ullhas Paymaster, Murugu Selvan K, Porinju Veliyath, Ritesh Oswal and Chetan Jayantilal Shah. For more information about Max India, please visit Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $5 billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of businesses - Residences for Seniors and Assisted Care Services. Antara's first senior residential community in Dehradun comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. It will open its second senior living community in Noida's Sector-150 with families moving into the 340 apartments built in the first phase as and when statutory approvals will be in place. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360 - Delhi-NCR's first intergenerational community developed by Max Estates. Antara's Assisted Care Services include 'Care Homes', 'Care at Home' and 'AGEasy'. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With facilities across Gurgaon, Noida and Bengaluru, the Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi-NCR, Bengaluru and Chennai, provides well-equipped, trained professionals offering care to seniors inside their home's comfort. AGEasy - an online and offline store - focuses on senior specific products and solutions to manage chronic health conditions.
Fashion Value Chain
31-05-2025
- Business
- Fashion Value Chain
Max India Limited's Rights Issue: 1.45 Times Oversubscription Signals Strong Investor Confidence
Max India Limited (MIL) has announced the successful closure of its Rights Issue, raising Rs. 124.23 crore through the issuance of 82,81,973 fully paid-up equity shares at Rs. 150 per share. The offering was oversubscribed, signalling strong investor support for the company's strategic direction, leadership, and long-term vision to build an integrated platform offering lifecare and lifestyle products and services designed to enhance the quality of life for seniors. This is also indicative of stronger-than-anticipated investor interest, and reaffirms market confidence in Max India Limited's expanding portfolio through its subsidiaries across senior residences, assisted living, and technology-led platform for managing chronic conditions. Speaking about the Rights Issue, Tara Singh Vachani, Vice-Chairperson, Max India Limited, and Executive Chairperson, Antara Senior Living, said,'This oversubscription reflects strong validation of our long-term vision and the value we're creating in the senior care space. We remain focused on delivering long-term value to all stakeholders.' Rajit Mehta, Managing Director, Max India Limited, said,'We're grateful to our shareholders and investors for their continued trust and confidence. This capital will help us accelerate our next phase of growth and strengthen our market position.' The announcement of the Rights Issue was met with positive market sentiment, with Max India Limited's stock seeing a 3% uptick on the day of board approval. Capital Allocation and Strategic Priorities The funds raised through the Rights Issue will be deployed towards growth of its wholly owned subsidiary Antara Assisted Care Services Limited (AACSL) and will be utilised for sales, marketing and to meet working capital requirement. The balance will be utilised for general corporate purposes. This capital infusion supports Max India's broader strategy to build and scale a senior-centric health and wellness platform. The company remains focused on delivering top-line growth, margin improvement, and sustainable value creation. With the successful closure of the Rights Issue, Max India Limited has strengthened its balance sheet and is better positioned to capitalize the emerging opportunities in the senior care ecosystem. The company remains committed to delivering high-quality, people-centric care while building long-term value for its stakeholders. About Max India MIL is the holding company of Max Group's Senior Care business i.e. Antara Senior Living Limited (Residences for Seniors) and Antara Assisted Care Services Limited (Care Homes, Care at Home, and AGEasy). Max India investor list includes: Habrok Capital, Aionios Alpha, Avener Capital, Value Prolific, Rohit Lala, Ullhas Paymaster, Murugu Selvan K, Porinju Veliyath, Ritesh Oswal and Chetan Jayantilal Shah. For more information about Max India, please visit About Antara Senior Care Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $5 billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of businesses – Residences for Seniors and Assisted Care Services. Antara's first senior residential community in Dehradun comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. It will open its second senior living community in Noida's Sector-150 with families moving into the 340 apartments built in the first phase as and when statutory approvals will be in place. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360 – Delhi-NCRs first intergenerational community developed by Max Estates. Antara's Assisted Care Services include 'Care Homes', 'Care at Home' and 'AGEasy'. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With facilities across Gurgaon, Noida and Bengaluru, the Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi-NCR, Bengaluru and Chennai, provides well-equipped, trained professionals offering care to seniors inside their home's comfort. AGEasy – an online and offline store – focuses on senior specific products and solutions to manage chronic health conditions. For more information about Antara Senior Care, please visit
