Medical devices manufacturer Johari Digital Healthcare Ltd is planning to foray into retail and medical spa space.
Johari Digital executive director Nisha Johari said the company is planning to invest Rs 15 crore in setting up medical spas in cities like Mumbai, Delhi, Hyderabad, Jaipur and Udaipur.
“We will set up around 20 such spas across the country in the next two years. We are on the verge of closing the deal with a US-based private equity player for raising funds to fuel our expansion,” she says.
The company plans to expand through the franchisee model.
“It will not be like any other wellness lounge or fitness centre. We would develop doctors and hospital groups as our franchisee so that they can guide people in a better way. These spas would also function as retail counters from where people can take away compact electronic gadgets,” she says.
The company supplies its equipments to VLCC and other fitness centres. Its products are based on electrotherapy, which include therapeutic products, home care products, beauty, body shaping, body fitness products, besides, hearing aid nerve and muscles stimulators.
“We also manufacture DNA protein extraction equipment which is being exported to US, Japan, France and Singapore,” she says.
Source: Business Standard