Paras Healthcare Limited
Paras Healthcare Limited operates a network of multi-specialty tertiary and quaternary care hospitals under the 'Paras Health' brand across North India, Bihar, and Jharkhand, with 2,211 beds across eight hospitals.
Overview
About the Company
Paras Healthcare Limited is a leading clinical specialty-led hospital platform incorporated in 1987, providing tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand under the 'Paras Health' brand. The company operates eight hospitals with an aggregate bed capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar. It specializes in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics & sports injury, and renal sciences (CONGOR specialties), which contributed 75.30% of revenue in Fiscal 2026. With over 20 years of operating history, the company follows a balanced growth strategy through mature, emerging, and new hospitals, and plans to expand its network with a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, increasing total capacity to 3,011 beds by March 2028. As of March 31, 2026, it employed 4,670 people including 1,084 doctors and 1,937 nurses.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Repayment or prepayment of certain outstanding borrowings availed by the Company (₹320.90 Cr)
- › Investment in wholly owned subsidiary PMHPL for repayment/prepayment of its borrowings (₹54.10 Cr)
- › General Corporate Purposes (₹125.00 Cr)
✅ Strengths
- ✓ Leading healthcare provider in North India, Bihar, and Jharkhand with established brand presence
- ✓ Network of 8 hospitals with 2,211-bed capacity offering comprehensive tertiary care
- ✓ Strong 'Paras Health' brand recognition built over 20+ years of operations
- ✓ Strategic focus on high-acuity CONGOR specialties driving 75% of revenue
- ✓ Balanced portfolio of mature, emerging, and new hospitals ensuring diversified risk
- ✓ Demonstrated occupancy growth and operational efficiency improvements
- ✓ Experienced medical workforce with 1,084 doctors and 1,937 nurses
- ✓ Clear expansion pipeline to reach 3,011 beds by FY2028
- ✓ Advanced clinical infrastructure with standardized care protocols across facilities
⚠️ Risks
- ! High medical staff attrition rates may impact quality of patient care
- ! Significant revenue concentration in North India creates regional economic risks
- ! Over-dependence on CONGOR specialties poses revenue vulnerability
- ! Substantial debt burden of approximately ₹939.5 crore strains cash flow capacity
- ! Unregistered hospital leases expose operations to potential eviction and disruption