QRG Enterprises, the promoter holding company of electrical equipment maker Havells India, has diversified its business by entering into healthcare. The privately held entity has acquired 70% stake in Faridabad-based mid size hospital Central Hospital & Research Centre (CHRC) for an enterprise value of INR 30 crore and is going to invest another INR 20 crore to expand the facility. The Faridabad-based CHRC is a 140 bed super speciality hospital and offers speciality care in neurosurgery, plastic surgery, knee & joint replacement surgery, non invasive cardiology, orthopaedics etc. The hospital was promoted by a group of doctors, some of whom have exited by selling their equity to QRG Enterprises.

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