The Company (Health Vista India Private Limited) is promoted by Ganesh Krishnan and Meena Ganesh. Ganesh and Meena are serial entrepreneurs who have scaled services businesses employing thousands of people. Existing Investors of Portea include Accel Partners India, VenturEast and Qualcomm Ventures.

The Company is looking to raise equity of up to US$ 37 million. IFC proposes to invest up to US$ 7 million, with the balance being provided by new and existing investors.

7.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	7.0

* These investment figures are indicative

The Company is headquartered in Bangalore, Karnataka, India. It provides its services across 22 cities in India. Of its 22 cities, more than 60% are Tier 2/ 3 cities. It is present in the states of Gujarat, Uttar Pradesh, Rajasthan and Madhya Pradesh, Karnataka, Delhi, Haryana, Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, West Bengal, Goa and Punjab. The Company has also launched operations in Southeast Asia.

--Increase in patients reached (IDG 2): Expected to increase the number of patients reached by healthcare services and contribute to IFC''s IDG 2 (patients reached) targets. Portea has already treated 35,000+ unique patients in 18 months.
--Employment generation: Expected to create additional skilled jobs (doctors, nurses, physiotherapists, nursing aides) including in Tier II/III cities. Portea expects to hire, train and employ more than 15,000 clinical staff by FY20.
--Increasing access to quality services: Portea is already present in 22 cities in India and enables patients to access care at home at affordable price points and gives them the choice of packages, frequency and types of services to optimize their needs and spend.
--Manpower training: The Company has a centralized hiring policy and training procedure to ensure quality. It is training a large numbers of skilled and semi-skilled people to become quality health care professionals. It has already hired, trained and deployed 1,800+ staff. In addition, it also offers such professionals Continued Medical Education (CME), industry standard pay, personal safety, performance incentives and advancement.
--Promoting Gender Equality: Of the 1,800+ staff which Portea employs currently, nearly 51% or ~900 are women. Portea also trains and improves their skill sets, builds a career path by offering senior staff supervisory roles and a chance to grow as professionals.
--Geographical diversity of employees and significant number of employees hailing from low-income/ backward states: In order to be adequately staffed with quality resources, Portea is hiring from across the country, and also from schools/ vocational training institutes. Portea is also engaged with and regularly hires from over 30 National Skill Development Corporation (NSDC) empanelled skill building partners across India.
--A recent internal study of Nursing Aide staff reported that in Bangalore, of the nursing aides employed by Portea, nearly 22% are from Bihar, Orissa and North-East India. In Kolkata, nearly 30% are from Bihar, Orissa and North-East India. In Pune, nearly 20% are from Uttar Pradesh.

--Assisting with key industry relationships: IFC will proactively assist the Company with partnerships with its healthcare investee companies in India to help reduce the burden on their current infrastructure and improve medical outcomes.
--Global knowledge sharing: IFC will share its healthcare industry knowledge gained from its previous healthcare investments across various emerging markets including investments in hospitals, diagnostic chains and Indian single-specialty clinics in the areas of dialysis and eye care.
--Enabling regional growth: The Company could further expand its services in South East Asia and other emerging markets once it achieves scale in India. It would benefit from the assistance which IFC country offices in the region can provide in identifying and entering new geographies.
--Long term investor: IFC has the ability to support the Company through its current and future growth plans through equity and debt investments.

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability because key E&S risks and issues related to this project is mainly assurance of fair, safe and healthy working conditions for its employees in compliance with the IFC PS 2.



As there are no physical assets (apart from company’s offices) and company’s operations are mainly based at patient’s homes, the other PSs i.e. IFC Performance Standard (PS) 3 (resource Efficiency and Pollution Prevention), PS4 (Community Health, Safety and Security), PS5 (Land Acquisition and Involuntary Resettlement), PS6 (Biodiversity Conservation and Sustainable Natural Resource Management), PS7 (Indigenous Peoples) and PS8 (Cultural Heritage) are thus not applicable.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.