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APG Healthcare Holdings


APG Healthcare Holdings' vision is to bring  international quality healthcare at an affordable cost to Africa.

The time for development of the healthcare sector is well and truly here:


  • the target markets have a propensity to spend on healthcare; however much of this spending (and particularly for the tertiary care segment) takes place overseas

  • non-communicable diseases are growing as much of the population adopts a more “Westernized” lifestyle

  • population growth is very rapid, while the healthcare sector is aging far behind in investment


APG aims to create a sizeable healthcare network across several countries.  This will create certain economies of operation, and will allow hospitals within the Group to leverage off specialists across the network.

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Nikhil Sengupta
CEO and Executive Director

Nikhil has over twenty-five years’ experience in investments, business development and financial services.  This includes private equity investments and divestments, investment banking (IPOs, mergers and acquisitions, debt raising, strategic advisory), project management/development, and transaction/capital structuring in emerging and developed markets. 

Nikhil has been developing and investing in several greenfield and brownfield projects across sectors and geographies for over 8 years.  Previously he spent over 18 years in investment banking with, inter alia, Peregrine Capital, HSBC and Emirates NBD, providing strategic advisory and capital raising services to a wide variety of Government, public- and private-sector clients.   He began his career in India and has subsequently been based in Hong Kong, Singapore and Dubai. 

Nikhil has worked on and invested in transactions valued at over US$45 billion in several industry sectors, including healthcare, real estate, infrastructure, transport, services, power, industrials, leisure and telecoms, and in over 30 countries across Asia, Africa and Europe.

He has a Bachelor of Commerce (Hons) degree from Calcutta University and an MBA from the Indian Institute of Management at Ahmedabad.

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Jaimal Shergill

Executive Director

Jaimal has over twenty-five years’ experience in project development, real estate and financial services. 

He has been responsible for the setup of Front Range Developers FZE which is investing in and developing the largest real estate project in Nigeria. Under his leadership as MD/CEO, the joint venture company Centenary City Developers FZE has launched its first co-development with several further developments in the pipeline. 

Prior to this Jaimal spent three years at Eagle Hills, a company funded by the Sovereign Wealth Fund of Abu Dhabi (Mubadala), where he was responsible for all Real Estate/Infrastructure investments in Sub Sahara Africa and a project pipeline in excess of $30 billion. 


Prior to this he has worked with Ecobank in Corporate and Investment Banking from Oct 2011 to Oct 2014 as the Country Representative Head Middle East, India & South Asia (MEISA).  He was formerly CEO, Middle East and South Asia at United Bank for Africa, and prior to that Area Director at Citibank.  He completed his under-graduate and post-graduate studies from the USA.

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Sanjay Saxena

Non-Executive Director

Sanjay is an experienced banker, insurance industry professional, business developer, investor and coach/mentor.


He is an MBA graduate from Xavier School of Management (XLRI), Jamshedpur, India, following which he has close to 35 years of professional experience across a number of countries.


Sanjay is currently Managing Director of Amyview Investments headquartered in Hong Kong.  Previously he worked in the insurance industry for a number of years as Regional General Manager at AXA Asia Pacific, and Regional Head of Business Development at Prudential Corporation Asia.  During this time, he was based in Hong Kong and covered several emerging markets.  Prior to this he set up the Business Development organisation for GE Capital in India and developed and led several inorganic growth initiatives across a number of business areas. Sanjay commenced his career at Standard Chartered Bank and then worked at American Express Bank for almost a decade, where in his last role he headed Corporate Banking for North and East India.


Sanjay has also been a part of leadership teams, in executive and non-executive roles, at new business ventures in different emerging markets.

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Prof. Dr. Milind Karmarkar

Non-Executive Director

Professor Dr. Milind Karmarkar is an experienced medical practitioner, professor and advisor/mentor to new medical facilities and hospitals.


He completed the BDS and MDS degrees in Combined Prosthodontics from Government Dental College and Hospital, Mumbai, India.  He later completed the Annual Implant Dentistry Program from the NYU College of Dentistry, USA, and various other Implant Programs in the USA.  Dr. Karmarkar is certified by the US National Board.  He is a Fellow and was Vice President of the Indian Society of Oral Implantologists (ISOI).


During a career spanning almost 40 years of practicing complex dentistry, Dr. Karmarkar has served as Implant Prosthodontic Specialist at the National Hospital, Riyadh, Kingdom of Saudi Arabia, and at the Institute of Facial Esthetics, Philadelphia, USA.  He is currently in specialised practice in Fixed and Removable Maxillofacial, Cosmetic and Implant Prosthodontics in Mumbai, India.  He has also designed and developed a number of innovative pieces of equipment and materials for the practice of dentistry.


Dr. Karmarkar has been Professor and Head, Department of Prosthodontics, Yerala Dental College, Mumbai and has taught at various institutions for almost two decades.  He is currently Professor & Head of Department – Prosthodontics at Bharathi Vidyapeeth Dental College and Hospital, Navi Mumbai, India.  He has also conducted numerous scientific presentations and education programs across India.


Dr. Karmarkar has also been a part of leadership teams, in executive and advisory roles, at new medical ventures.

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Prof. Shailesh V Shrikhande

Honorary Advisor to Board

Dr. Shailesh Shrikhande is a pre-eminent Gastrointestinal & Hepato-Pancreato-Biliary Cancer Surgeon and is currently the Deputy Director of Tata Memorial Hospital in Mumbai, India, where he is also Professor and Head of the Division of Cancer Surgery and Chief of the GI and HPB Surgical Service.  His surgical specialization is in the field of digestive cancer surgery and includes stomach, pancreatic, liver, gall bladder, bile duct, small and large intestine, and rectal cancer surgeries.


Having completed his Bachelor of Medicine & Surgery and Master of Surgery degrees from the University of Mumbai, Dr. Shrikhande received specialist training in Pancreatic Research and Pancreatic Surgery at the University of Bern, Switzerland, and the University of Heidelberg, Germany.


Apart from having published over 400 clinical and basic science papers in leading journals, Dr. Shrikhande has given over 50 live operative demonstrations of complex pancreatic, gastric and colorectal cancer surgeries.  In addition, he has contributed over 60 book chapters and is the Chief Editor of the books “Surgery of Pancreatic Tumors” and “Pancreatic Cancer: Current Understanding”.  To promote awareness on pancreatic tumors in Asia, he founded the website  He is Chairman, Scientific Committee, of the International Hepato-Pancreato-Biliary Association from 2018-20 and Chairman of the Indian Council of Medical Research (ICMR) committee for developing guidelines for management of Gastric Cancer in India.  In recognition of his work, he was awarded Honorary Fellowship of the Royal College of Surgeons of England in 2014 (FRCS – Ad Eundem).  He has been conferred dozens of further awards and distinctions, and is on several further Scientific Committees, and editorial and review boards.


Dr. Shrikhande also currently spearheads the Tata Memorial Centre’s expansion plan for a 550-bed state-of-the-art hospital in Mumbai.

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