Superstar investor Rakesh Jhunjhunwala, whose portfolio net worth is well over Rs. 12,000 crore, is partnering with Shankara Eye Foundation to build a 225 bed hospital in Panvel. The hospital will provide eyecare and surgeries free of charge to patients, Jhunjhunwala announced.
The idea, Jhunjhunwala told CNBCTV18, came from another investor, Ashish Kacholia, who along with his family, does significant charitable work (this is something that the famously reclusive Kacholia has not spoken publicly about). Jhunjhunwala got the idea of an eye hospital from Kacholia's father. One third of the world's blind live in India, and Jhunjhunwala said he intends to build more such hospitals if the first one is a success. Jhunjhunwala added that he was building the hospital in tribute to his father, who funded cataract operations for poor patients.