Harley of London & Gilada Finance forge partnership to provide healthcare solutions
New Delhi, June: Harley of London India (HOLI) and Gilada Finance & Investments Ltd, a BSE-listed and RBI-regulated NBFC, have announced a strategic joint venture, backed by the Delamore & Owl Group to architect the HOLNESS Economy.
It involves a framework that brings together health, wellness, lifestyle and innovation under a unified financial and delivery ecosystem.
The partnership seeks to establish Wellness Finance as a new asset class in India, creating structured financing solutions for consumers, wellness-focused enterprises and investors at a time when healthcare affordability remains a pressing concern for millions of households.
According to industry estimates, India’s healthcare financing solutions market was valued at more than USD 6.5 billion in 2024 and is projected to reach USD 10.4 billion by 2030, growing at a CAGR of 8 percent.
Despite this growth, out-of-pocket expenditure continues to account for nearly 62 percent of total healthcare spending, underscoring the need for more accessible and structured financing mechanisms.
Against this backdrop, the joint venture positions Gilada Finance & Investments Ltd as India’s first NBFC dedicated to Wellness Finance, leveraging its BSE-listed status and RBI-regulated framework to create specialised financial products aimed at expanding access to healthcare and wellness services.
The venture will introduce a range of financing instruments including the HOLNESS CareCredit Fund, designed to provide affordable consumer finance for healthcare and wellness access; the HOLNESS SME Growth Fund, focused on supporting the growth of wellness-sector enterprises; and a Convertible Debenture Programme intended to facilitate business expansion while enabling investor participation.
Beyond financing, the initiative is designed to unlock demand for preventive healthcare and lifestyle services, support wellness-focused SMEs, generate employment opportunities and strengthen local economies.
The partners also intend to expand healthcare affordability through easy payment options for medical procedures and treatments, enabling more families to access quality healthcare without immediate financial burden.
The venture’s roadmap includes board integration, fund structuring, compliance mechanisms and quarterly valuation monitoring.
As part of its long-term strategy, the partnership also includes an optional phased rebranding of Gilada Finance & Investments Ltd into Delamore Gilada Capital Ltd, aimed at enhancing international appeal while maintaining business continuity. (BVI)
