Clermont Group

What Clermont Group does

Clermont Group is a privately held international business group headquartered in Singapore, founded in 2006 by Richard F. Chandler following the demerger of Sovereign Asset Management. The group operates four principal businesses across three sectors: healthcare, financial services, and energy technology. Hoan My Medical Corporation, acquired in 2013, is Vietnam's largest private healthcare network with 14 hospitals serving over six million patient visits annually, positioned as an affordable, high-quality provider for the country's aspiring middle class. SBFC, founded in 2017 and listed on India's National and Bombay Stock Exchanges in August 2023, is a small finance bank operating 250+ branches that lends to small and medium enterprises across India.

The group's energy technology platform is magniX, a wholly owned subsidiary developing electric propulsion and power systems. magniX produces fully integrated electric powertrains — motors, batteries, inverters, and power electronics — qualified by more than 200 flights across six airframes. The platform is extending from aviation into data centres, defence, and mobility, and has opened pre-orders for its magniAIR engine targeting the experimental and light sport aircraft market. Strategic OEM partnerships with Robinson Helicopter, Van's Aircraft, and Unither Hydrogène anchor magniX's go-to-market through integrator relationships rather than direct component sales.

Clermont Capital is the in-house investment management division that has invested in public and private markets since 1986. The group employs over 10,000 people globally and reports operating geographies spanning Singapore, Vietnam, India, and the United Arab Emirates, with a regional headquarters in Dubai. Revenue is generated through hospital and clinic operations (Hoan My), SME lending (SBFC), hardware sales and development programmes (magniX), and investment management fees (Clermont Capital). The group is family-controlled, does not disclose consolidated financials, and does not have disclosed institutional private equity backing.

Name

Clermont Group

Legal name

Clermont Group

Website

https://clermont.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Clermont Group is a privately held Singapore-headquartered international business group operating four principal businesses: Hoan My (Vietnam's largest private hospital network, 14 hospitals), SBFC (Indian SME lender with 250+ branches, publicly listed since 2023), magniX (electric propulsion technology), and Clermont Capital (in-house investment management since 1986).

Ownership category

akta.pro rank

Product category

Diversified International Holdings

NAICS

Management of Companies and Enterprises (551), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Loan Brokers (6163)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industry

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

Keywords

• International business group
• Private healthcare networks
• SME lending services
• Electric propulsion technology
• Investment management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Hoan My Healthcare Services: Revenue from hospital and clinic operations serving over 6 million patient visits annually across 14 hospitals in Vietnam.
2. SBFC SME Lending: Financial services revenue from providing loans to small and medium enterprises in India through 250+ branches. Listed on Indian National and Bombay Stock Exchanges in August 2023.
3. magniX Electric Technology Sales: Revenue from selling electric engines, batteries, inverters, and power electronics to aerospace manufacturers and operators. Recently opened pre-orders for magniAIR electric powertrains.
4. Clermont Capital Investment Management: In-house investment management division investing in national champions in developed and emerging economies since 1986. Invests in public and private markets.

Go-to-market motion2 records

Core offering

Clermont Group is an international business group that builds and owns industry-leading operating companies in healthcare (Hoan My Medical Corporation, Vietnam's largest private hospital network), financial services (SBFC, an Indian SME lender with 250+ branches), and energy technology (magniX, a developer of electric propulsion and aerospace-grade batteries, motors, and generators). It also operates Clermont Capital, an in-house investment management division investing in public and private markets since 1986.

Product overview

Clermont Group is an international business group headquartered in Singapore that builds industry-leading businesses in three core sectors: healthcare (Hoan My Medical Corporation), financial services (SBFC), and energy/technology (magniX). Its Clermont Capital division manages investments across public and private markets. The group employs over 10,000 people globally and operates businesses that collectively serve millions of customers across multiple geographies.

Differentiator

Problem solved

Functional benefit

Brands

• Hoan My Medical Corporation: Vietnam's largest private healthcare network with 14 hospitals, receiving over six million patient visits per year
• SBFC
• magniX
• Clermont Capital

Products and services

• Hoan My Medical Corporation Vietnam's largest private healthcare network operating 14 hospitals and serving more than six million patient visits per year, providing affordable, high-quality healthcare to Vietnam's aspiring middle class.
• SBFC (Shivalik Small Finance Bank) Financial services company providing loans to small and medium enterprises across India through more than 250 branches, enabling entrepreneurs to access credit for business growth.
• magniX Electric Propulsion Technology Technology platform developing electric propulsion systems, aerospace-grade batteries, motors, generators, and power electronics for aviation, data centres, mobility, and defence applications, with engines that have powered more than 200 flights across six airframes.
• Clermont Capital In-house investment management division drawing on four decades of heritage, investing in national champions in developed and emerging economies through public and private markets.

Quantifiable outcome

• 6+ million patient visits annually
• +3 more outcomes

Named customers4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Van's AircraftcoreStrategic or Co-development Partner · 14 April 2026magniX is integrating its full electric powertrain into a Van's Aircraft RV-10, scheduled for first flight in 2026. The magniAIR electric engine is designed for experimental and light sport aircraft.
• Robinson HelicoptercoreStrategic or Co-development Partner · 24 July 2025Robinson Helicopter partnered with magniX to develop an all-electric R66 helicopter. The new battery-powered helicopter is poised to revolutionise the vertical take-off and landing market. magniX provides its electric propulsion technology for this pioneering aircraft.
• FlightGlobalminorGTM or Marketing Partner · 23 July 2025FlightGlobal reported on Robinson Helicopter's partnership with magniX to develop the all-electric R66 helicopter.
• Healthcare Asia MagazineminorGTM or Marketing Partner · 16 July 2025Healthcare Asia Magazine reported on Hoan My's rollout of electronic medical records across its Vietnam network.
• Unither HydrogènecoreStrategic or Co-development Partner · 7 April 2025magniX partnered with Unither Hydrogène to power the world's first flight of a piloted hydrogen fuel cell helicopter. magniX's electric engines were developed for ease of integration with any electric power source.
• Aviation International NewsminorGTM or Marketing Partner · 7 April 2025Aviation International News reported on magniX powering the world's first flight of a piloted hydrogen fuel cell helicopter.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Cargill: Largest privately held company in the US, with diversified operations across food, agriculture, energy, and financial services. Comparable private, family-controlled diversified conglomerate.
• Tata Group: India-based diversified conglomerate with operations across healthcare, financial services, technology, and industrial sectors. Comparable private diversified holding company with significant Indian market exposure.
• Olam Group: Singapore-headquartered global food and agri-business holding company (now private). Comparable Singapore-based diversified group with operating businesses across multiple emerging markets.
• Mitsui & Co: Japan-based diversified trading and investment conglomerate with operations across energy, infrastructure, healthcare, and emerging markets. Comparable global diversified holding company model.
• Temasek Holdings: Singapore-based investment company with a global portfolio spanning financial services, healthcare, transportation, and technology. Comparable Singapore-based holding company with long-duration capital.
• Jardine Matheson: Asia-headquartered (Bermuda/Hong Kong) family-controlled conglomerate with a similar long-duration model spanning property, retail, automotive, and healthcare investments. Closest comparable to Clermont's holding company structure.
• Swire Pacific: Hong Kong-listed conglomerate with divisions in property, aviation, healthcare, and marine services. Comparable family-controlled diversified group with operating businesses across Asia.
• CK Hutchison: Hong Kong-based diversified conglomerate (ports, retail, infrastructure, energy) founded by Li Ka-shing. Directly comparable diversified Asian holding company with a long-term investment philosophy.

Emerging players

• Heart Aerospace: Sweden-based developer of electric aircraft propulsion and hybrid-electric regional aircraft. Comparable to magniX as a directly focused electric aviation propulsion technology company.
• Eviation Aircraft: Developer of electric commuter aircraft (Alice), comparable to magniX in developing electric propulsion and full aircraft powertrains for aviation decarbonization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/clermontviews
• LinkedInlinkedin.com/company/clermont-holdings

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clermont Group