The Mumbai hospital was the result of a Rs 10 billion public-private partnership between SevenHills and Brihanmumbai Municipal Corporation (BMC).
[citation needed] In 2002, talks began between SevenHills and Brihanmumbai Municipal Corporation (BMC) to open a multi-specialty branch of the hospital in Mumbai.
In exchange, SevenHills agreed to reserve 20% (300) of its 1,500 beds for low-income patients who come through the BMC healthcare system, charging them at the same rate as offered by public hospitals.
[2] The funding for the project came from private capital and bank loans, and the majority stakeholder is Jitendra Das Maganti, M.D., the founder and managing director of the hospitals.
[8] The delay in hospital expansion severely hampered the ability of SevenHills to raise revenue which, in turn, led to increased debt.
In 2013, JPMorgan Chase, through its Asia Infrastructure Fund, invested Rs 2.7 billion in SevenHills, allowing it to add 300 beds.
According to SevenHills's annual report, "The current level of operations of the company could not support the fixed overheads (finance costs, depreciation and amortization expenses) incurred for its Mumbai Hospital.
In 2011, Bollywood actor Hrithik Roshan donated Rs 1.5 million for ten children who were in need of cardiac surgery.