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Healthcare Company Registration in India

The healthcare sector of India is at present, one of the largest and fastest growing economic sectors of the country. Again, the healthcare services in india are rather cost-effective besides being superlative, as compared to these in Asia and Western countries. In-depth information about the healthcare industry in india is provided concisely under the section below, separately. It has been found that many big companies are setting up their own corporate hospitals and other healthcare institutions to harness the boom in the Indian healthcare sector. Again, promising mergers and acquisitions with Indian and foreign hospitals are also on rise in India, for facilitating stability and growth, and capturing new markets. The overall worth of the Indian healthcare sector is highly expected to reach the level of US$ 372 billion by the year 2022, from the present level of around US$ 170 billion.

Healthcare Company Registration in India

Hence, there exist vast and varies opportunities in the Indian healthcare sector for secure and lucrative investments by Indian and foreign professionals and companies. This webpage offers exclusive and precious information about healthcare company registration in india, along with our other supportive legal services for service-establishment and desired growth in this sector.

Ambitiously well-established in Delhi, our prestigious and resourceful law firm is one of the hugely popular law firms in India, embellished with international reputation, in connection with FDI in India and IPR related services, in particular. Hence, interested professionals, entrepreneurs, and companies belonging to India and abroad, may also receive services for their respective brand name and logo registration, apart from their company incorporation anywhere in entire India. Today, our expert, efficient, and economical services for online company registration are rather popular and reliable, for all most popular types of companies. Also, our service mark and trademark registration services are readily and proficiently available for all 45 classes of the Nice classification.

Healthcare Industry in India and Scope of Work (SOW)

Booming healthcare sector of India is one of the largest economic sectors both in terms of revenue and employment. This healthcare sector encompasses a variety of segments, including hospitals, medical devices and equipment, clinical trials, outsourcing & telemedicine, health insurance, and medical tourism. Overall, this healthcare sector/industry of India is worth around US$170 billion at present, and is very hopefully expected to touch the mark of US$372 billion by the year 2022. Out of this, the segment of hospitals alone accounts for over US$ 60 billion at present (2018), and is likely to reach the level of US$ 132 billion by the year 2023, growing steadily with a CAGR of 16-17%. Again, the entire healthcare sector of India is likely to generate around 40 million new jobs by the year 2030. Moreover, the medical tourism in India is growing every year with an annual growth rate varying from 22-25%.

The healthcare delivery system is categorized into the following two broad categories --- Public/Governmental sector, and the Private sector. The private healthcare sector in India accounts for nearly 75% of the country's total healthcare expenditure, and has achieved national as well as international reputation. The private healthcare sector of India is now well-developed and well-facilitated with latest medical technologies and devices to provide world-class healthcare services through well-established secondary, tertiary, and quaternary care institutions, the majority of which are located in metro cities (such as Mumbai, New Delhi, Chennai, Hyderabad, etc.) and in Tier-1 and Tier-2 cities across India. Today, the most famous healthcare companies of india are the following --- Apollo Group; Max; Piramal; Escorts; Fortis; Wockhardt; Duncan; etc.

The Government of India cherishes to make India a global healthcare hub in near future. The following are some of the most significant factors driving fast and steady growth in the Indian healthcare industry:

  • Indian has adequate number of world-class hospitals (including the corporate hospitals) equipped with latest medical technologies, as well as highly-skilled medical professionals and paramedical staffing. Hence, medical tourism into India has been steadily growing.
  • India's vast and varied healthcare needs and medical treatment services
  • The costs of healthcare services in India are cheaper, as compared to those in various Asian, European, and North American countries. For example, the cost of a surgery in India is just around one-tenth of that in USA or Western Europe.
  • India offers bright and rich opportunities in the fields of high-end diagnostic services, medical devices industry, and advanced medical technologies.
  • Constantly growing income levels of Indians, and awareness towards health.
  • Ever-improving access to medical insurance in the country.
  • Fast-emerging trend of telemedicine in India.
  • Regular inflows of FDI into the healthcare sector of India.
  • And, sincere and massive support of Indian Government to its healthcare sector, by means of many healthcare missions and initiatives such as National Health Mission, Mission Indradhanush, Ayushman Bharat-National Health Protection Mission, etc.

Starting a Healthcare Business in India

For starting a healthcare business in india, our well-resourced and innovative law firm offers the full-range of legal and supportive services at reasonable service charges. Right from the desired company formation and registration, all other supportive services for stability, profitability, and growth of healthcare institutions of india are also proficiently provided by our well-experienced and punctilious lawyers.

For providing healthcare services in India or doing any desired business in the indian healthcare industry, the most suitable types of companies could be the Private and Public Limited companies, or the Limited Liability Partnership (LLP) companies. Presented below are the healthcare company registration process and various other supportive services delivered by our veteran company lawyers and IPR lawyers:

  1. Obtaining DSCs as well as DINs/DPINs [Form DIR-3]
  2. Approval and reservation of the proposed name [Form INC-1, or Form-1 for LLP]
  3. Perfect and meticulous drafting of various important documents such as MOA & AOA of the company/LLP Agreement, Consent Letters, Affidavits, Power of Attorney, etc.
  4. Company registration [Form INC-7, or Form-2 for LLP]
  5. Obtaining TAN, PAN, GSTIN, Bank Account, Import-Export Code (IEC) of the healthcare institution
  6. Services as per the provisions and regulations of the FDI Policy, FEMA, RBI, etc.
  7. Various necessary permissions or licenses from diverse regulatory bodies, related with land and construction, bio-medical wastes, fire safety, certifications of quality healthcare services,
  8. Establishment of the infrastructural facilities as per one's capabilities, services, and aims
  9. Registration and protection of brand names, service-marks, trademarks, patents, etc.
  10. Preparation of contracts or agreements associated with healthcare services, financing, franchising, or dealings.
  11. Compliances demanded by ROC/MCA, SEBI, and other regulatory bodies.
  12. Formulation of strategies for smooth service and growth, and the targeted profitability.
  13. And, various other tasks and services related with the following relevant legal Acts and Statutes --- Shops and Establishment Act of the concerned State, Corporate & Commercial Laws, Labor and Employment Laws, Intellectual Property Laws, Income Tax Act and GSTN, ESI and PF Regulations, IT Act, Maritime & Admiralty Act, etc.

How to Contact for Healthcare Company Registration in India?

Ambitious or interested professionals, companies, or investors may readily avail our expert and cost-effective legal and advisory services for establishing a healthcare institution anywhere in India, just through Call/WhatsApp at: +91-88001-00284; or sending their inquisitive queries or sincere request for service at: contact@Company-Registration.in

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