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Profile: Paras Healthcare
Oct-17-2026

Paras Healthcare was incorporated as ‘Arbian Frozen Foods Private Limited’, a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated December 21, 1987, issued by the Registrar of Companies, Delhi & Haryana at New Delhi.

The company is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services. It operates under the “Paras Health” brand. The company operates its hospitals through a mix of owned, leased, revenue-sharing and public-private partnership models, and have adopted a calibrated approach to capital deployment, evaluating capital-efficient structures selectively based on market characteristics, capital efficiency considerations and long-term operating control. The company’s leased facilities are structured through fixed rent, revenue sharing or hybrid arrangements comprising a partial fixed rent and a partial revenue share. Its growth decisions are guided by defined return thresholds and the strength of its balance sheet.

The company’s hospitals have modern operating theatres (OTs), procedure rooms and intensive care units (ICUs) built to rigorous design, safety and technology standards. These facilities are underpinned by advanced equipment from globally reputed manufacturers, including biplane cath labs, MRI machines, radiotherapy systems, linear accelerators (LINACs), surgical robots, PET-CT scanners, neuro and ortho navigation systems, O-arm surgical imaging systems, endoscopic ultrasound (EUS) and endobronchial ultrasound (EBUS) systems, and are built to deliver complex care at scale. The company’s critical care infrastructure spans organ and condition-specific ICUs, enabling focused and protocol-driven care. It operates dedicated cardiac, neuro, liver transplant, kidney transplant, bone marrow transplant, extracorporeal membrane oxygenation (ECMO)-enabled, neonatal, paediatric, medical and surgical ICUs. For immuno-compromised and post-transplant patients, it maintains dedicated ICU rooms equipped with laminar airflow systems and strict infection-control protocols to minimise the risk of cross-infection. 

Business area of the company

The company is a leading clinical specialty-led hospital platform providing tertiary and quaternary healthcare services under the ‘Paras Health’ brand. The company operates its hospitals through a mix of owned, leased, revenue-sharing and public-private partnership models, and have adopted a calibrated approach to capital deployment, evaluating capital-efficient structures selectively based on market characteristics, capital efficiency considerations and long-term operating control.

Awards, accreditations or recognitions

  • 2009: Paras Hospital, Gurugram was the first hospital in Haryana to receive the accreditation by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2009: Accreditation for Paras Hospitals – Laboratory Sciences, Gurugram by the National.
  • 2009: Accreditation Board for Testing and Calibration Laboratories.
  • 2015: Paras HMRI Hospital, Patna received the certificate of recognition for being “First Multi Specialty Hospital in Bihar Jharkhand Region” at the 5th Elets Healthcare Leaders Forum Bengal, 2015.
  • 2016: Paras HMRI Hospital, Patna was awarded ‘Maximum Outreach Hospital of the Year’ by Assocham, India.
  • 2016: Paras HMRI Hospital, Patna was the first hospital in Bihar to receive the accreditation by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2018: Paras HMRI Hospital, Patna was awarded in the “Super Speciality Hospital” category at the Assocham National Leadership Excellence Awards 2018 by Assocham, India.
  • 2019: Paras HMRI Hospital, Patna was awarded “Best Multispeciality Hospital” by Assocham.
  • 2021: Awarded “Best Hospital for COVID Care” by 11th MT Healthcare Awards.
  • 2021: Paras Hospitals, Udaipur received the “Responsible Recycler Certificate” from Greenscape Eco Management Private Limited for handing over e-waste for the purpose of sound e-waste recycling.
  • 2021: Paras Hospital, Gurugram was awarded the silver award in the “Women Health Brand” category at the 7th IHW Awards 2021 by IHW Council.
  • 2021: Accreditation for Paras Hospital, Panchkula by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2021: Accreditation for Paras Hospital, Udaipur by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2021: Paras Global Hospital, Darbhanga received certification for complying with NABH entry level hospital requirement by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2022: Paras HMRI Hospital, Patna was awarded “Best Clean Energy Initiative in Healthcare (Best Energy Saving Hospital)” at the “The Business Tycoon Award”.
  • 2022: Paras HMRI Hospital, Patna was awarded “Most Advanced Hospital” at the “The Business Tycoon Award”.
  • 2022: Paras HMRI Hospital, Patna received the “Service Excellence Award” by Prabhat Khabar Sanjeevani Awards-2022.
  • 2023: Paras Hospital, Panchkula, received the Award for “Leading hospital in Advanced Technologies” by the MY FM at MY FM Excellence Award.
  • 2024: Received the GOLD award for Hospital with Best Adaptation to Digital Health Technology at 3rd IHW Digital Health Awards, 2024 by the IHW Council.
  • 2024: Recognised as ‘one of the Best Healthcare Brands-2024’ by ET Edge.
  • 2024: Paras Health, Panchkula, was awarded the ‘Excellence in Cardiac & Cancer Care’ at the Red Achievers Award, 2024 by Red FM.
  • 2024: Accreditation for Paras HEC Hospital, Ranchi by the National Accreditation Board for Hospital & Healthcare Providers.
  • 2024: Paras Hospital, Gurugram received the Gold award for ‘Smart & Future-Ready Neurology Hospital' by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras HMRI Hospital, Patna received the Silver award for ‘Smart & Future-Ready ER & Critical Care Hospital’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Hospital, Panchkula received the Silver award for ‘Smart & Future-Ready Cancer Hospital’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Global Hospital, Darbhanga received the Gold award for ‘Smart and Future-ready Nephrology care Hospital’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras HEC Hospital, Ranchi received the Silver award for ‘Smart & Future-Ready OBS & Gynae Hospital’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Hospital, Srinagar received the Bronze award for ‘Smart & Future-Ready Heart Care Hospital’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Hospital, Udaipur received the Bronze award for ‘Robotics for Patient Care’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: The company received the Gold award for ‘Smart & Future Ready Multi Speciality Hospital Chain’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: The company received the Gold award for ‘Smart & Future Ready Hospital Management’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Yash Kothari Hospital, Kanpur received the Gold award for ‘Patient Centric Smart Hospital Design’ by the IHW Council at the IHW Smart Hospitals & Diagnostics Awards.
  • 2024: Paras Hospital, Gurugram ranked No. 6 in Bariatrics in Faridabad and Gurgaon City in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 4 nationally in Orthopedics in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 3 in Orthopedics in the North Region in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 1 in Orthopedics in Faridabad and Gurgaon City in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 8 in Ophthalmology in Faridabad and Gurgaon City in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 7 in Diabetology in Faridabad and Gurgaon City in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Panchkula ranked No. 6 nationally in Plastic Surgery in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Panchkula ranked No. 4 in Plastic Surgery in the North Region in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 5 nationally in IVF and Fertility in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2024: Paras Hospital, Gurugram ranked No. 2 in IVF and Fertility in the North Region in the All India Lifestyle Hospital & Clinic Ranking Survey 2024 by Times Health Survey.
  • 2025: Paras Hospital, Kanpur was awarded “Best Multi Speciality Hospital in Kanpur” award at the Big Impact Awards, 2025.
  • 2025: Paras Health Group ranked No. 4 - National in the “Multi-Speciality Group of Hospital” category by Times Now Health Ranking Survey at the India Health Summit & Awards, 2025.
  • 2025: Paras Health Group was awarded as “Lead 50 Cybersecurity (North Based HO)” category by Alden Global's Cyber Security & Tech.
  • 2025: Paras Hospital, Panchkula was awarded as “Pioneer in Leading Hospital in Neurosciences” by Times of India.
  • 2025: Paras Hospital, Panchkula was awarded “Excellence in Radiation Oncology” at Tribune Lifestyle Awards 2025 - Season 2 by the Tribune.
  • 2025: Paras Hospital, Panchkula was awarded “Pioneer in Arthroscopy & Sports Injury” by Times of India at Healthcare Pioneers, Haryana.
  • 2025: Paras Hospital, Panchkula was awarded “Healthcare Pioneers” for the “Region’s Leading Stroke Ready Hospital” by Times of India.
  • 2025: Paras Hospital, Panchkula was awarded “Healthcare Pioneers” in the category “Excellence in Renal Transplant” by Times of India.
  • 2025: Paras Hospital, Panchkula was awarded “A Leading Multi Speciality Hospital” for its outstanding contribution and excellence by Dainik Bhaskar at the “Chandigarh Eminence Awards” 2025.
  • 2025: Paras Hospital, Panchkula was awarded “Pioneer in Stem Cell Transplantation” by ZEE Punjab Haryana Himachal at “Health Conclave” 2024-2025.
  • 2025: Paras Hospital, Panchkula was awarded “Best Neuroscience Specialty Hospital” by ZEE Punjab Haryana Himachal at “Health Conclave” 2024-2025.
  • 2025: Paras Hospital, Panchkula was awarded “Excellence in Joint Replacement Surgery” at the Tribune Achievers Awards, 2025.
  • 2026: Paras Hospital, Kanpur was awarded “Excellence in Oncology Hospital of the Year” by IHW Council at the 7th edition of Cancer Summit & Awards.
  • 2026: Paras Healthcare Limited has been recognized as “Great Place to Work” by Great Place to Work, India.
  • 2026: Paras Hospital, Panchkula was awarded “Leading Hospital in Neurosciences” by the Times of India.

History and milestones

  • 2006: Established and commenced operations of its first hospital at Gurugram, Haryana.
  • 2013: Established and commenced operations of Paras HMRI Hospital, Patna, Bihar.
  • 2016: Established and commenced operations of Paras Global Hospital, Darbhanga.
  • 2017: Raised investment of Rs 2.60 billion from the investor, Commelina Ltd.
  • 2017: Performed its first bone marrow transplant procedure at Paras HMRI Hospital, Patna.
  • 2018: Established and commenced operations of Paras Hospitals, Panchkula, Haryana.
  • 2018: Performed its first kidney transplant procedure at Paras HMRI Hospital, Patna.
  • 2019: Commenced operations of two new hospitals: Paras HEC Hospital, Ranchi, Jharkhand and Paras Hospital, Udaipur, Rajasthan.
  • 2023: Expanded Paras HEC Hospital, Ranchi to 300 beds capacity and additional tertiary care.
  • 2023: Established and commenced operations of its Paras Hospitals, Srinagar, Jammu & Kashmir.
  • 2023: Performed its first bone marrow transplant procedure at Paras Hospital, Gurugram.
  • 2024: Established and commenced operations of its Paras Yash Kothari Hospital, Kanpur, Uttar Pradesh.
  • 2024: Performed its first robotic surgery at Paras Hospital, Gurugram.
  • 2024: Performed its first robotic surgery at Paras Hospital, Udaipur.
  • 2024: Performed its first liver transplant procedure at Paras Hospital, Gurugram.
  • 2024: Performed its first kidney transplant procedure at Paras Hospitals, Panchkula, Haryana.
  • 2025: Raised investment of Rs 587.00 million from the investor 360 ONE Special Opportunities Fund - Series 12.
  • 2025: Raised investment of Rs 213.00 million from the investor Axis New Opportunities AIF - Series II.

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