Paras Healthcare IPO

About Paras Healthcare Company

Paras Healthcare, incorporated in 1987 and rebranded for healthcare in 2003, opened its first Paras Health hospital in Gurugram in 2006 and has since grown from a single tertiary-care facility into an eight-hospital network across Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand and Jammu and Kashmir, with 2,211 beds as of June 2026. Its core focus is high-acuity tertiary and quaternary care delivered through a hub-and-spoke model, with particular depth in the “CONGOR” specialties of cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics and sports injury, and renal sciences, which accounted for 74.70% of FY26 revenue. Its service segments include inpatient care, outpatient consultations, diagnostics through Paras Labs, in-house pharmacies, critical care, complex surgeries, organ transplants, robotic surgery, cancer care, and specialised mother-and-child services under Paras Bliss, while inpatient services contributed 78.26% of FY26 revenue. Its expertise lies in clinical protocols, organ- and condition-specific ICUs, multidisciplinary care, quality accreditation, digital medical records and remote care touchpoints, supported by 1,084 doctors and 1,937 nurses across the network. Its distinctive strengths include an asset-light expansion model, early entry into underserved Tier-II and Tier-III markets, a mobile diagnostic and screening service, and a stated operating philosophy of accessibility, affordability and quality. Its patients include self-paying individuals, insured patients and third-party-administrator clients, government-scheme beneficiaries and public-sector undertakings, with clinicians and referring doctors also central to its care ecosystem. Paras engages patients and partners through multidisciplinary treatment pathways, preventive outreach and health camps, digital access to services, and expansion into locations with unmet demand, seeking to address affordability, specialist availability, quality consistency and access to advanced care outside major metros.