ICICI Bank pledges ₹625 crore to set up one of India’s largest radiation therapy facilities at Tata Memorial Centre, Navi Mumbai
Mumbai: ICICI Bank, along with Tata Memorial Centre (TMC), today announced the commencement of construction of a new cancer care building at TMC’s Advanced Centre for Treatment, Research & Education in Cancer in Navi Mumbai, Maharashtra. Funded through the Bank’s CSR contribution of ₹625 crore, the facility will be among India’s largest radiation therapy centres, equipped with cutting-edge cancer treatment technologies. This is part of the Bank’s larger commitment of ₹1,800 crore to TMC for setting up of three state-of-the-art cancer care buildings — one each at Navi Mumbai in Maharashtra, Mullanpur (New Chandigarh) in Punjab and Visakhapatnam in Andhra Pradesh.
The groundbreaking ceremony and unveiling of foundation stone for the building —named as ‘ICICI Foundation Block for Radiation Oncology’ — were conducted today. The ceremonies were graced by Mr. Pradeep Kumar Sinha, Chairman, ICICI Bank; Mr. Sandeep Batra, Executive Director, ICICI Bank; Mr. Ajay Gupta, Executive Director, ICICI Bank and Dr. Sudeep Gupta, Director, TMC.
The 11-storey building with a ground floor and two basements will span across 3.4 lakh square feet. It will house 12 state-of-the-art Linear Accelerators (LINACs), and other advanced cancer care equipment. LINACs deliver precise radiation to cancer cells thereby minimising damage to surrounding healthy tissues.
The ‘ICICI Foundation Block for Radiation Oncology’ will serve 7,200 patients with radiation therapies annually, offering over two lakh radiation sessions to these patients. In addition, the block will provide OPD consultations and diagnostics to 25,000 new patients a year. It is expected to be completed by 2027. ICICI Foundation for Inclusive Growth, the CSR arm of ICICI Bank, will oversee its implementation.
Speaking at the ceremony, Mr. Pradeep Kumar Sinha, Chairman, ICICI Bank said, “ICICI Bank, through its CSR arm, ICICI Foundation for Inclusive Growth continues to work in four thematic areas – healthcare, environmental conservation, sustainable livelihood, and community development projects. We are pleased to partner with TMC in a mission towards cancer care, that aligns with our philosophy of strengthening critical healthcare infrastructure in the country. Once completed, the ‘ICICI Foundation Block for Radiation Oncology’ will be one of India’s largest centres for radiation therapy. This will significantly augment availability of advanced radiation therapy to larger sections of society.”
Mr. Sandeep Batra, Executive Director, ICICI Bank stated, “At ICICI Bank, we are committed to supporting healthcare infrastructure in areas of cancer care in the country. Our commitment of ₹1,800 crore to Tata Memorial Centre for setting up three new cancer care hospitals in Visakhapatnam, Navi Mumbai, and Mullanpur underscores this commitment. The construction of the new block at Visakhapatnam has started four months ago. The new building in Navi Mumbai will be equipped with the state-of-the-art healthcare facilities and will increase the current capacity for radiation treatment at this centre six-fold, alongside providing consultations and diagnostics. We are honoured to continue working with TMC to enhance cancer care treatment in the country and make it more accessible to the patients.”
Dr. Sudeep Gupta, Director, Tata Memorial Centre, expresses sincere gratitude to ICICI Foundation for Inclusive Growth for their generous support in establishing three new blocks at Navi Mumbai, New Chandigarh, and Visakhapatnam. He said, “These facilities will provide state-of-the-art, evidence-based cancer therapy to underserved patients and significantly enhance our capacity for years to come. Notably, the blocks will establish centres of excellence in childhood and adult blood cancers and house one of India’s largest radiation oncology facilities. This contribution strengthens our commitment to delivering advanced, compassionate care to the most needy cancer patients nationwide.”
Dr. Pankaj Chaturvedi, Director, ACTREC said, “This facility will allow Advanced Centre for Treatment, Research and Education in Cancer, a unit of Tata Memorial Centre, the ability to offer state-of-the-art treatment at an affordable price. This will also be utilised for education and training of medical, technical and paramedical staff that are urgently needed in the country to handle the rising burden of cancer. Needless to say, this will be a major boost to the clinical and translational research capacity of the institution.”
Dr. C S Pramesh, Director, Tata Memorial Hospital stated, “We are grateful to the ICICI Foundation and ICICI Bank for their generous support in establishing the new cancer facility at ACTREC, including state-of-the-art radiation treatment infrastructure. While we deeply appreciate the financial assistance, it goes far beyond that — they have been deeply engaged and hands-on throughout the process. Their partnership strengthens our shared commitment to providing equitable, high-quality cancer care and advancing cutting-edge research that benefits patients across the country.”
The ICICI Foundation Block for Radiation Oncology will include:
· Range of advance radiation equipment for precision therapy
· Radiology facilities like MRI, CT scanners, CT simulators for outdoor and indoor patients
· Dedicated research and training facilities for medical professionals
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About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s total assets stood at ₹ 21,36,271 crore at September 30, 2025.
About ICICI Foundation: ICICI Bank set up ICICI Foundation for Inclusive Growth in 2008 to strengthen and broaden its commitment to social development. ICICI Foundation operates in environment protection, livelihood enhancement and skill development for the underprivileged communities, affordable healthcare, and financial inclusion across India. As part of its environmental efforts, ICICI Foundation has facilitated planting of 4.9 million trees and the harvesting of 33.87 billion litres of water annually. ICICI Foundation’s initiatives have positively impacted over 18.9 million lives, reinforcing its commitment to inclusive and sustainable growth, at March 31, 2025. The Foundation has partnered with a premier cancer care institute to set up three new centres in India.
About Tata Memorial Centre: Tata Memorial Centre (TMC) was established by the House of Tata as the National Comprehensive Cancer Centre in 1941. In 1962 the centre came under the guardianship of the Department of Atomic energy (DAE), Govt. of India as an autonomous grant-in-aid institution. Tata Memorial Centre is one of India’s oldest and largest cancer centres, with over 75 years of exceptional patient care, high-quality training, and innovative cancer research.
