Gurugram, March 25, 2026: Global Health Limited (NSE: Medanta, BSE: 543654)

Medanta, one of the largest private multi-specialty tertiary care providers in North and East India, today announced its plan to set up a 400-bed multi-specialty hospital in the heart of Varanasi.

The Board of Directors, at its meeting held today, approved the execution of definitive agreements to enter into a Built-to-Suit and lease arrangement, with Shripal Hospitality and others, to establish a state of the art super speciality hospital in Varanasi. Under this arrangement, the civil infrastructure of the hospital will be developed by the partner in line with Medanta’s specifications, while Medanta will undertake investments towards interior services, fit outs and medical equipment. The total investment by Medanta is estimated at approximately Rs. 550 crores.

The proposed hospital will be developed on a strategically located freehold land parcel in central Varanasi and is expected to cater to a population base of over 4 million in the city and adjoining regions. The hospital will deliver advanced clinical care through a combination of world-class medical expertise, cutting-edge technology, and a comprehensive multi-specialty offering.

This expansion marks a continued commitment by Medanta to deepen its presence in Uttar Pradesh, following the successful establishment of its 950-bed flagship hospital in Lucknow and recently inaugurated 550-bed hospital in Noida. The proposed Varanasi facility will further strengthen Medanta’s positioning in India’s most populous state, with a population exceeding 250 million.

Dr. Naresh Trehan, Chairman and Managing Director of Medanta, shared,

"We are pleased to announce our plans to establish a 400-bed multi-specialty hospital in the heart of Varanasi, a city of deep cultural and spiritual significance. This expansion reflects Medanta’s commitment to enhancing access to advanced healthcare in a densely populated region, while delivering high-quality, patient-centric care with compassion, in line with our philosophy, “Har Ek Jaan Anmol.”.

The proposed facility will not only address the growing demand for tertiary care in Varanasi but will also serve as a key healthcare hub for Eastern Uttar Pradesh. With this addition, Medanta will further strengthen its presence in the State, building on the strong foundation established by our hospitals in Lucknow and Noida, and continue to serve the evolving healthcare needs of the region"

Highlighting the strategic importance of the expansion, Mr. Pankaj Sahni, Group CEO, Medanta, said,

“Varanasi represents a significantly underserved market for quality healthcare within the state. Despite its dense population, the city currently faces a gap in access to high-quality tertiary care, with a majority of existing facilities operating at a relatively smaller scale of 50–150 beds. Consequently, patients often need to travel outside the city to access advanced and complex treatments.

Medanta aims to address this gap by establishing a 400-bed super-specialty hospital, bringing best-in-class clinical expertise, advanced technology, and comprehensive care closer to the population it serves.

With an established presence in central Uttar Pradesh through our Lucknow facility and in western Uttar Pradesh through our Noida facility, the proposed hospital in Varanasi will strengthen our footprint in eastern Uttar Pradesh. Upon completion, this expansion will position Medanta among one of the largest private hospital networks in the state, with a capacity of approximately 1,900 beds.”