Kathmandu: The Nepal Manipal Education and Medical Group has reported a turnover of nearly Rs 2 billion during the first nine months of the last fiscal year.
Specifically, the company’s business volume reached NPR 1.891 billion during this period, signalling a strong financial performance. This growth follows a consistent upward trajectory over the past several years, with the group recording revenues of Rs 2.27 billion in 2025, Rs 1.889 billion in 2024, Rs 1.508 billion in 2023, and Rs 1.099 billion in 2022.
The group’s business expanded by 20 percent in 2025, while the most recent fiscal year saw an 11 percent increase compared to the previous year’s annual figures. Management attributes this positive momentum to the rising demand for medical education courses and increased hospital services. During the first nine months of the last fiscal year, the company maintained a healthy operating profit margin of 24 per cent, following a 29 per cent margin in 2025. The company’s financial health remains robust, as evidenced by a debt service coverage ratio of 3.2 and a total debt-to-operating profit ratio of 3.2.
Established in Pokhara in 1994, the institution has long provided medical and health science programs under its affiliation with Kathmandu University. At the same time, it was originally founded with investment from India’s Manipal Global Education Services Pvt. Ltd.; the ownership transitioned in 2021 when the Indian firm sold its entire stake to the Nepali entity, BAPO Holding. By 2023, BAPO Holding was officially merged into Manipal. Today, the company is primarily owned by the Autoways Group, which holds an 83 percent stake, while the Batas Group owns the remaining 17 per cent.
The group continues to operate a comprehensive 500-bed hospital in Pokhara and offers specialized educational programs including MBBS and BSc Nursing. To support its ongoing operations and future expansion, the company has undergone a credit rating process for loans totalling Rs 2.5 billion. This financial arrangement includes Rs 1.94 billion allocated for long-term debt and Rs 560 million for short-term credit facilities.
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