About Company

• Yatharth Hospital and Trauma Care Services Limited (“Yatharth”) was incorporated on February 28, 2008. Yatharth (i.e., Noida Extension Hospital and Greater Noida) is the 8th and 10th largest private hospital in the National Capital Region of Delhi (“Delhi NCR”), respectively, in terms of number of beds in Fiscal 2023.  
• Currently, they operate 3 super specialty hospitals in Delhi NCR, i.e., at Noida, Greater Noida and Noida Extension, Uttar Pradesh (“UP”). Further, they acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh (“Jhansi-Orchha”) which commenced commercial operations in from April 10, 2022, and is one of the largest hospitals in Jhansi-Orchha-Gwalior region in terms of number of beds.  
• With this acquisition, their total bed capacity has increased to 1,405 beds. In addition, their critical care program comprises 394 critical care beds, as of March 31, 2023. Further, their Noida Extension hospital with 450 beds is one of the largest hospitals in the Noida Extension, Uttar Pradesh region. Providing quality care treatment to their patients and their services at their hospitals located in Noida, Greater Noida, and Noida Extension, all located in Uttar Pradesh have been rated “5 Star” by Infomerics Analytics and Research Pvt Ltd in 2022.
• As of March 31, 2023, they engaged 609 doctors and offer healthcare services across several specialties and super specialties.
• All their hospitals are accredited by the NABH while their hospitals located at Greater Noida and Noida Extension are also accredited by NABL.
• They are empanelled with several of the third-party health insurance administrators and the non-life insurance companies, many government organisations including Employees’ State Insurance Corporation (“ESIC”), Central Government Health Scheme (“CGHS”), Ex-Servicemen Contributory Health Scheme (“ECHS”), as well as public sector undertakings and private enterprises. 

Strengths

• Among the leading super-specialty hospital in Delhi NCR with diverse specialty and payer mix;
• Advanced and high-end medical equipment and technology;
• Ability to attract quality doctors, nurses, paramedical, and other staff;
• Experienced and qualified professional management team with strong execution track record;
• Track record of stable operating and financial performance and growth.
• Continue to improve the quality of care and operational efficiencies;
• Introduce new specialties at existing hospitals;
• Augment scale through organic and inorganic manner in current markets and expand into adjacent regions;
• Continue to attract, engage and train prominent, skilled doctors and other healthcare professionals;
• Further leverage technology to grow the operations;
• Grow the medical tourism segment to attract more international patients.

Company Promoters

Company Financials

Objects of the Issue

1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
2. Repayment/ prepayment, in full or part, of certain borrowings availed by the Subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited.
3. Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
4. Funding capital expenditure expenses of the Subsidiaries, AKS and Ramraja, for respective hospitals operated by them.
5. Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
6. General corporate purposes.