To open eight more clinics in New Delhi – NCR By March, 2015 and 90 more centres pan-India in coming three years
Bengal Speech & Hearing Aid, a renowned speech & language pathology clinic announced their foray in Delhi & NCR region with the opening of seven clinics. These clinics are situated in Connaught Place, Chittaranjan Park, Saket, Pitampura, Pashcim Vihar, Laxminagar and Noida. Reportedly, eight more clinics will be opened in the region by March, 2015. The company has recently received Rs 25 crore Venture Capital Funding from Matrix Partners India, which will give added impetus to their growth plans.
“The demand in the speech and hearing segment is higher and there is enough scope for expansion. Hearing aid market, estimated at over Rs 550 crores, is growing at a rate of more than 20 per cent per annum. We have chalked out an effective plan to tap the market. We are aiming at having 90 more clinics in next three years in metros and tier-II cities. We expect to generate revenue to the tune of Rs 100 crores by 2016 – 17”, said Audiologist, Somenath Mukherjee, Founder and Chairman, Bengal Speech and Hearing.
With the launch of these seven clinics, Bengal Speech has 30 clinics in eight cities, including Kolkata, Mumbai, Delhi – NCR, Guwahati, Bhubaneswar, Siliguri, Burdwan and Howrah. The pan – India expansion will commence soon, informs a company release.
“The journey that began in a hostel room, is now a steady and competing business. Today, we have over 300 employees working for us and the number will be around 500 by March, 2015. We would also open up a Speech and Hearing College in Kolkata in the coming two years’ time,” added Mukherjee.
Bengal Speech will have more than 500 centres in India within the next 10 years.
EH News Bureau