Manipal Health Enterprises Ltd. IPO

We operate a pan-India network of multispecialty hospitals delivering a comprehensive range of care services—from outpatient services to complex tertiary and quaternary interventions. As of March 31, 2026, we operated 49 hospitals with 13,037 licensed beds across 14 states and union territories. We have the widest footprint in terms of presence of hospitals among private hospital chains in India as of March 31, 2026 (Source: CRISIL Report). For details, see “—Our Hospitals and Facilities” on page 238. We are the largest pan-India multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals as of March 31, 2026 (Source: CRISIL Report). For Fiscal 2026, we reported the second-highest revenue from operations of ?103,357.51 million (?109,356.18 million on a pro forma basis) among private hospital chains in India (Source: CRISIL Report).

In our three key regions of (i) Karnataka, (ii) Maharashtra and Goa and (iii) West Bengal, Odisha, Jharkhand, and Sikkim (in eastern India), we had 6,404, 2,188 and 2,887 licensed beds, respectively, as of March 31, 2026. Among private hospital chains in India, as of March 31, 2026, we were the largest player in (i) Karnataka, (ii) Maharashtra and Goa region, and (iii) in select states of West Bengal, Odisha, Jharkhand, and Sikkim (in eastern India) (Source: CRISIL Report). “Licensed beds” represent the total number of hospital beds approved by regulatory authorities in a facility.

We are the only private hospital chain network in India to lead in three metro markets of Bengaluru (Karnataka), Kolkata (West Bengal) and Pune (Maharashtra) by bed capacity (5,376) as of March 31, 2026 (Source: CRISIL Report). As of March 31, 2026, we had 2,579, 1,513 and 1,284 licensed beds and 12, five and nine hospitals in Bengaluru (Karnataka), Kolkata (West Bengal) and Pune (Maharashtra), respectively. Our multi-hospital presence in these metros allows us to deliver care closer to patients’ homes, reduce travel times for critical interventions, and serve broad referral areas within each city. In line with our core philosophy to improve access to healthcare, we maintain a balanced presence across metros and non-metros, with 46.78% of our licensed beds located in metros and 53.22% of our licensed beds located in non-metros as of March 31, 2026.