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Ratna Memorial Hospital was instituted by MMF in the year 1991 due the generous donation of the land by Mr. Kanitkar and the initial infrastructure by Mr. Shankerlal Tulshyan. It is in memory of his wife Late. Ratnabai Tulshyan that the hospital is named. Ratna Memorial Hospital is a 100 bedded multispeciality hospital situated on Senapati Bapat Road.