Date: June 30, 2026
Board Meeting Outcomes
Umkal Health Care Private Limited, a wholly owned subsidiary of Park Medi World Limited, approved the expansion of its existing 225-bed Park Hospital in Palam Vihar, Gurugram, with the addition of 100 new beds. The newly expanded facility will be branded as Park Hospital Platinum and is expected to commence operations in November 2026.
Financial Results (Standalone & Consolidated)
The existing 225-bed facility at Palam Vihar, Gurugram, reported:
- Capacity utilization: ~86% as of financial year ended March 31, 2026
- Revenue: ~INR 245 crores for FY26
Expansion / Capex Details
Existing Capacity: 225 beds at Park Hospital, Palam Vihar, Gurugram
Proposed Expansion: Addition of 100 beds under the name Park Hospital Platinum
Investment Required: ~INR 25 crores
Mode of Financing: Internal accruals of Umkal Health Care Private Limited
Timeline: Capacity to be added by November 2026
Strategic Rationale: The expansion will strengthen healthcare infrastructure and deepen the company's footprint. The Group aims to set a new benchmark by integrating elite healthcare facility with advanced clinical care, offering patients an unparalleled experience combining comfort with comprehensive medical excellence. The expansion will be strategically oriented toward bolstering super-specialty capabilities with focused investments in key high-acuity disciplines.
Corporate Background
Park Group is North India's 2nd largest hospital chain, currently operating 16 hospitals with a combined capacity of 3,960 beds. The Group is in the process of integrating four additional hospitals and expanding capacity at 2 existing units, which will add 1,630 beds to the network. Total capacity is expected to reach 5,590 beds by March 2028. The Group has presence across 14 cities including Delhi, Gurgaon, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Agra and Panchkula.