Ranjan Pai News Today

Bengaluru, India, 29th May 2024: Columbia Pacific Communities (CPC), Indias leading senior living community operator, and KITES Senior Care, a pion

Columbia Pacific Communities (CPC), Indias leading senior living community operator, and KITES Senior Care, a pioneer in specialized out of hospital geriatric care, have announcedtheir merger. This merger combines CPCs extensive experience in sen

Columbia Pacific Communities: KITES Senior Care has a major investor, Dr Ranjan Pai who invested about Rs 60 crore through his family office in two earlier funding rounds, and will hold 35% stake in the merged entity.

Over the next two years, Columbia Pacific Communities and KITES Senior Care plan to add approximately 2,000 retirement and assisted living units.

The merged entity will operate under the leadership of Rajagopal G, co-founder of Kites, who will serve as CEO and a director.

InCred Capital, which counts private equity firm Paragon Partners and the family office of Manipal Education and Medical Group's Ranjan Pai as investors, said Tuesday ......

Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of Indias largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the companys bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pais MEMG Family Office Fund in March 202...

The asset manager is also raising a healthcare-focussed private equity fund and plans to launch an early-stage venture capital fund as well as a fourth pre-IPO fund over the coming year.

India Business News: NEW DELHI: Columbia Pacific Communities (CPC), a leading player in senior living, and KITES Senior Care, a geriatric care service provider, are set to.

According to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may change depending on how the talks progress, sources told ET.