Paras Healthcare IPO

Paras Healthcare is the fifth largest healthcare provider in terms of bed capacity in North India, Bihar and Jharkhand among its peers, with an aggregate of 2,135 beds, as of March 31, 2024. The company has eight hospitals that it operates under the “Paras Health” brand, which are spread across five states and one union territory in North India –Gurugram and Panchkula in Haryana; Patna and Darbhanga in Bihar; Kanpur, Uttar Pradesh; Udaipur, Rajasthan; Ranchi, Jharkhand; and Srinagar in the union territory of Jammu and Kashmir. Its core focus is on providing specialized tertiary medical care in Tier 2 and 3 cities, while seeking to strike a balance between providing quality healthcare services and affordability. The company offers several clinical specialties across its hospitals including cardiac sciences, oncology, neuro sciences, gastro sciences and orthopedics and joint replacement. It has established centres of excellence across its hospitals, where it provides clinical specialties  and  these  centres  have  been  instrumental  in  launching new  programs  including  organ  transplant programs. Its extensive 18 years of experience in the healthcare industry in North India has helped the company develop a strong understanding of the region’s market dynamics.