Deal to allow exclusive international rights to Walnut
DHI Global signs International Master Franchise Agreement with Walnut Heathcare, a group company of Mr Raaja Kanwar of India’s Apollo Group
London – July 25, 2013 – DHI Global, a worldwide leader in the hair restoration industry, announced today that it had signed an agreement with Walnut Healthcare, a group company of Mr Raaja Kanwar of Apollo Group, a $6.6Bn group head quartered in India, having diversified businesses across the globe. This agreement grants exclusive rights to Walnut to expand DHI franchise internationally, more particularly across Asia, Africa and South America.
DHI Global had granted a Master Franchise for India to another group company of Mr Kanwar in 2010, which is majority owned and operated by his wife, Mrs Kamayani Kanwar. Under the joint leadership of Mrs Kamayani Kanwar, DHI has successfully grown to 17 clinics across India in less than 3 years, making DHI the leading hair restoration service provider in India. Buoyed by the success of DHI in India, Mr Kanwar has decided to take the international rights to expand DHI.
The international franchise agreement is intended to take the successful DHI franchise to all parts of the world, making DHI the only global hair restoration company with such a vast international presence. Under this agreement, DHI Global will be responsible for innovation and training, supporting the international expansion. Walnut will be responsible primarily for business development and ongoing operations as it takes DHI into new markets using some of its global relationships. Indonesia, Singapore, Thailand, Australia, and Brazil will be some of the first markets to open up under this arrangement.
Speaking on the occasion, Mr Raaja Kanwar said “I am delighted at this global alliance with DHI, a company that stands for excellence. We believe in delighting our customers by exceeding our clients’ expectations and so does DHI. There is a complete synergy between the philosophies of the two groups. We are delighted to now take the path breaking and innovative DHI System to the world.”
Mrs Kamayani Kanwar said “We are very impressed with the innovations, education platform and transparent practices followed by DHI globally, and that is what we were able to convert into a sizeable business in India.”
Mr K.P. Giotis, Chairman of DHI Global said “Apollo Group has proven to be a very strong partner for DHI, having created a large business in India, in a short time. By signing this international agreement, we will leverage on their global expansion capabilities that should take DHI to clients across the world who did not have access to DHI system till now.”
DHI Global Medical Group has 43 years leadership in the field of hair restoration.
It is registered with the UK Care Quality Commision and TUV Austria-Hellas ISO 9001:2008 Certification, while the DHI Technique is taught in five public universities in Italy, France, Greece & the Czech Republic.
Over 150,000 patients successfully diagnosed and treated for their hair loss at 43 DHI clinics worldwide.