Paras Healthcare Limited operates eight hospitals under the “Paras Health” brand across five Indian states and one union territory in North India: Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand and Jammu and Kashmir. Its hospitals are located in Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar.
The company established its first 200-bed hospital in Gurugram in 2006, with a focus on affordable, accessible and quality healthcare. It was the first corporate hospital entrant among its peers in Gurugram. The Srinagar facility, which began operations in 2023, is the city’s largest private hospital by bed capacity, with 200 beds.
Paras Healthcare expanded through acquisitions and new hospital launches. Commelina Ltd., an affiliate of global private equity firm Creador, acquired a stake in the company in July 2017. The company acquired Plus Medicare Hospitals Private Limited in Udaipur in October 2022, commenced operations in Srinagar in 2023 and opened its Kanpur hospital in 2024. Overall bed capacity increased from 1,250 beds as of March 31, 2022, to 2,135 beds as of March 31, 2024.
The company offers specialties including cardiac sciences, oncology, neurosciences, gastrosciences, and orthopedics and joint replacement. Its centres of excellence support specialized clinical services and have enabled the introduction of programs such as organ transplantation. The company was converted into a public company and renamed Paras Healthcare Limited in July 2024.
