Manipal Hospitals: ownership, hospitals, beds and leadership

The short answer

Who owns Manipal Hospitals, and how big is it?

Manipal Health Enterprises Limited listed on the NSE and BSE on 5 August 2026. Before the offer, at 31 March 2026, its promoters included three Temasek Group entities, Kangto Investments (26.45%), Imperius Healthcare Investments (17.77%) and Kabru Investments (5.78%), and Manipal Global Health Services (19.68%), according to its 2025-26 annual report. The company said on 20 August 2026 that it had 50 hospitals with over 13,400 licensed beds across 14 states and union territories.

Ownership and business model

Manipal Health Enterprises Limited listed on the National Stock Exchange of India (MANIPALHOS) and BSE (544847) on 5 August 2026. Its initial public offering of Rs 9,275.21 crore comprised a fresh issue of Rs 8,000 crore and an offer for sale of Rs 1,275.21 crore by existing shareholders, according to its 2025-26 annual report. The promoters identified in the draft red herring prospectus filed on 23 March 2026 were Dr Ranjan Ramdas Pai, Manipal Global Health Services, MEMG International Limited, Kangto Investments Pte. Ltd., Imperius Healthcare Investments Pte. Ltd. and Kabru Investments Pte. Ltd.

Before the offer, at 31 March 2026, Kangto Investments held 26.45%, Manipal Global Health Services 19.68%, Imperius Healthcare Investments 17.77%, TPG SG Magazine 10.78%, Kabru Investments 5.78% and Manipal Education and Medical Group India 5.37%, the annual report states; it refers to Kabru, Kangto and Imperius together as the Temasek Group. TPG said on 10 April 2023 that Temasek had signed agreements to acquire an additional 41% stake, with the Manipal Group to hold about 30%. Post-listing shareholding percentages were not verified.

The company has grown through acquisitions including Columbia Asia Hospitals and Vikram Hospital (2021), AMRI Hospitals (2023), Medica Synergie (2024) and Sahyadri Hospitals, completed in October 2025. Consolidated revenue from operations was Rs 10,335.75 crore in 2025-26. The annual report sets out plans for more than 480 licensed beds through brownfield expansion and more than 1,900 through greenfield projects by 2030.

Hospitals and businesses

Hospitals 2

Manipal Hospitals
Sahyadri Hospitals

Diagnostics 1

Manipal HealthMap

As listed by the organisation. See sources.

Key people

Dilip JoseManaging Director & Chief Executive Officer
Karthik RajagopalChief Operating Officer
Sameer AgarwalChief Financial Officer
Nandkishor DhomneChief Information Officer
Partha DasChief People Officer
Sojwal VoraChief Supply Chain Officer

As listed on About Manipal Hospitals, India: Executive Leadership.

Stock listing

Status: Publicly listed
Exchange: National Stock Exchange of India; BSE
Ticker: NSE: MANIPALHOS; BSE: 544847

We do not republish share prices.

Where it operates

India: 50 hospitals with over 13,400 licensed beds across 14 states and union territories (20 August 2026)
Karnataka: 19 hospitals and 6,404 beds, of which 3,285 are operated under management agreements (30 June 2026); headquarters and flagship hospital in Bengaluru; agreement in August 2026 to acquire Kinder Women's Hospital, Whitefield
Maharashtra and Goa: 13 owned hospitals with 2,291 beds (30 June 2026), including Sahyadri Hospitals; land and building for a greenfield project at Juhu, Mumbai, acquired after 31 March 2026 for Rs 495 crore
Eastern India: 10 hospitals and 2,887 beds across West Bengal, Odisha, Jharkhand and Sikkim (30 June 2026)

As the organisation reports it. See sources.

Key dates

1991The flagship Manipal Hospital opened on Old Airport Road, Bengaluru.
2010Manipal Health Enterprises Private Limited was incorporated on 15 February 2010.
2021The company completed the acquisitions of Columbia Asia Hospitals in April 2021 and Vikram Hospital, Bengaluru, in June 2021.
2023TPG said on 10 April 2023 that Temasek had signed agreements to acquire an additional 41% stake; the acquisition of AMRI Hospitals was completed in September 2023.
2024The acquisition of Medica Synergie was completed in July 2024, according to the annual report.
2025Manipal Hospitals Private Limited acquired 78.71% of Sahyadri Hospitals on 3 October 2025, adding 10 hospitals and 1,606 licensed beds, and a further 9.84% on 1 December 2025.
2026Shares listed on the NSE and BSE on 5 August 2026 after a Rs 9,275.21 crore initial public offering.
2026On 17 August 2026 the company announced an agreement to acquire the business and assets of the 100-bed Kinder Women's Hospital, Whitefield, Bengaluru, for a cash consideration of Rs 130 crore.

Questions readers ask

Who owns Manipal Health Enterprises Limited?

It has been listed on the NSE and BSE since 5 August 2026. Before the listing, at 31 March 2026, its promoters included the Temasek Group entities Kangto Investments (26.45%), Imperius Healthcare Investments (17.77%) and Kabru Investments (5.78%), and Manipal Global Health Services (19.68%), according to the 2025-26 annual report. Post-listing percentages were not verified.

How many hospitals does Manipal Health Enterprises Limited have?

50 hospitals with over 13,400 licensed beds across 14 states and union territories, according to its results release of 20 August 2026.

Who is the chief executive of Manipal Health Enterprises Limited?

Dilip Jose is Managing Director and CEO, according to the company's 2025-26 annual report and its website.

Sources

Figures are taken from the documents listed below and carry the date they refer to. Profile last checked 17 October 2026.

The Register. Profiles are compiled by the desk from the organisation’s own pages and filings. A listing does not buy coverage.

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