Elpro Intl soars after acquiring equity stake in healthcare focused solutions provider Sagility

Sagility India is a technology-enabled, pure-play healthcare focused solutions and services provider that supports US-based payers, providers, and their partners to deliver best-in-class operations, enhance the member and provider experience, and improve the quality of care all while delivering cost effective healthcare financial and clinical outcomes. The company has presence in India, Philippines, U.S., Jamaica and Colombia.

Sagility had recorded a total turnover of Rs 4,753.55 crore for the financial year 2023-24.

Elpro International stated that the shares of Sagility have been acquired for investment purpose.

Elpro International manufactures and distributes power distribution equipments like surge arresters and disconnecting switches (isolators). Over the past years, the company has divested its Isolator set-up in Hyderabad to Siemens Ltd and has scaled down its operations in Pune and has ventured into real estate development of the 40 acres of land in Pimpri-Chinchwad area owned by it, in phases. Currently, 99.56% of the total leasable area (5.62 lakh sqft) is leased out in the OEP and 85% of the total leasable area (3.14 lakh sqft) in the retail mall.