Hyderabad-based Life Circle Health Services gets DBS Foundation Impact Beyond Award

Life Circle Health Services from Hyderabad won the DBS Foundation Impact Beyond Award 2024, receiving Rs 3 crore and global support to expand eldercare services in India. The award honors impactful enterprises addressing urgent needs in ageing societies worldwide

Hyderabad: A Hyderabad-based social enterprise, Life Circle Health Services, has been named one of four global winners of the DBS Foundation Impact Beyond Award 2024, aimed at encouraging impactful businesses that are addressing urgent needs in ageing societies.

As part of the recognition, Life Circle will receive Rs 3 crore in grant funding, along with access to DBS Foundation’s support, including expert mentorship, capacity building, and partnership/networking opportunities, a press release said.

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It is one of four enterprises collectively awarded Rs 20 crore by DBS Foundation. In addition to the funding, winners receive ongoing support from the bank to drive their next phase of growth, including new product development, operational scaling, and capacity building.

Karen Ngui, Head, DBS Foundation and DBS Group Strategic Marketing and Communications, said, “Societies are ageing rapidly, and it is sobering to see that we’re living in a world where there are more people over 60 years of age than under five. It is encouraging to see that our Impact Beyond award winners are working on delivering transformative solutions to meet the urgent needs of ageing societies.”

Anant Kumar, CEO, Life Circle Health Services (India), said, “We are deeply honoured to receive the DBS Foundation Impact Beyond Award. This recognition strengthens our mission to build India’s eldercare infrastructure, one caregiver at a time.”

The other winners of the 2024 Impact Beyond Award include Buddy of Parents (Singapore), Huakang Group (China) and Evercare (Hong Kong).