Rays of Belief Completes 100% Acquisition of City Pro Group

City Pro Group generated US$11.43 million, or about ₹97.27 crore, of revenue in FY25.
Rays of Belief reported FY26 consolidated revenue of ₹81.66 crore and net profit of ₹4.96 crore.

Reader Takeaway: The deal materially expands scale and US reach, while integration and regulatory execution remain the key watch points.

What just happened

Rays of Belief Limited has completed the acquisition of 100% of City Pro Group Inc., a New York-based pediatric healthcare services provider.

The transaction became effective on September 18, 2026, and was executed through Mom's Belief US Inc., the company’s wholly owned subsidiary. City Pro Group is now a step-down wholly owned subsidiary of Rays of Belief.

Why this matters

The acquisition is significant because the target is already larger by revenue than Rays of Belief’s existing consolidated business.

City Pro Group reported FY25 revenue of US$11.43 million, equivalent to approximately ₹97.27 crore. Rays of Belief reported FY26 consolidated revenue of ₹81.66 crore.

That means the deal could meaningfully increase the group’s consolidated revenue base once City Pro Group is fully reflected in reported financials.

What changes now

Rays of Belief gains an established operating platform in the New York pediatric developmental-care market, including operations across the Bronx, Brooklyn, Manhattan and Long Island.

Management also plans to evaluate City Pro Group’s expertise in clinical supervision, service coordination and provider training for possible use across its 136-centre network in India.

In the other direction, Rays of Belief intends to assess whether its Family Support Program can be introduced in the US, subject to local regulatory requirements.

Why the strategic fit matters

The acquisition is not only geographic. It gives the company access to an established US operating model while creating a potential two-way exchange of clinical and service-delivery practices.

City Pro Group has operated since 1995 and participates in the New York Early Intervention ecosystem. That gives Rays of Belief an existing local platform rather than requiring it to build a US network from scratch.

Risks to watch

Cross-border integration is the main execution issue. Clinical workflows, regulatory requirements, provider standards and management processes differ between the US and India.

Any rollout of programs across markets will therefore depend on local approvals and operational compatibility.

What to track next

Investors should monitor the first consolidated financial contribution from City Pro Group, integration costs, margin impact, retention of existing US business and whether the company can generate measurable cross-selling or capability-sharing benefits across both markets.