Piramal Alternatives, the fund management division of the Piramal Group, has announced an investment of INR 215 crore in Kolors Healthcare India Pvt. Ltd., one of the market leaders in the wellness chain industry in South India.

The investment has been made through Piramal Alternatives’ India Credit Opportunities Fund II (PCF II) and will support Kolors Healthcare’s next phase of growth. The capital will be used to expand its clinic network, enhance existing infrastructure, diversify its service portfolio and undertake the strategic transformation of its centres under the “Kolors 2.0” initiative.

Commenting on the investment, Kalpesh Kikani, CEO, Piramal Alternatives, said the company was excited to partner with the Kolors management team as it enters its next phase of growth. He highlighted Kolors’ strong brand and differentiated presence in the rapidly evolving wellness and preventive healthcare segment, along with its focus on customer outcomes, disciplined execution, technology and service innovation.

Vijaya Krishna, MD, Kolors Healthcare India Private Limited, said the investment represents a strong endorsement of the Kolors platform, its management team and the opportunity in India’s wellness and preventive healthcare market. The funding will support clinic expansion, infrastructure strengthening, broader service offerings and the Kolors 2.0 transformation.

Venkata Shivaji Kuna, Executive Director, Kolors Healthcare India Private Limited, said the partnership will help address India’s growing wellness challenges through accessible, personalised and outcome-driven solutions. Through Kolors 2.0, the company aims to build a stronger wellness platform focused on lifestyle and preventive healthcare needs.

India’s wellness and preventive healthcare ecosystem is undergoing significant transformation, driven by increasing consumer awareness, greater focus on preventive health, rising disposable incomes and growing demand for personalised wellness and aesthetic solutions. Against this backdrop, Kolors aims to build on its regional presence and expand its offerings across high-growth segments.

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Kolors Healthcare operates an integrated network of wellness centres offering personalised solutions across weight management, skincare, hair care and aesthetic wellness. The company brings together doctors, nutritionists, physiotherapists, cosmetologists and other wellness professionals with technology-enabled treatment protocols to deliver personalised programmes focused on long-term health, wellness and lifestyle transformation.

The investment further strengthens Piramal Alternatives’ track record of partnering with mid-market businesses and providing tailored capital solutions to support growth, transformation and value creation.

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