Medenta Founder Dr Naresh Trehan Enters India’s Billionaire Club – News18

Curated By: Business Desk

Last Updated: December 11, 2023, 13:08 IST

Dr. Naresh Trehan spent his early years immersed in the medical world.

In 2007, Dr. Naresh Trehan established Medanta – The Medicity, one of Gurgaon, Haryana’s largest multi-speciality hospitals.

Globally recognised for his proficiency in cardiovascular surgery, Dr. Naresh Trehan recently became India’s newest billionaire. At the age of 77, the Founder, Chairman, and Managing Director of the Medanta hospital chain entered the much-respected club due to the substantial rise in the value of Global Health shares, the entity overseeing Medanta, in 2023.

Dr Trehan’s heightened net worth not only positions him among India’s affluent physicians but also recognises his significant contributions to enhancing the nation’s healthcare infrastructure. Let’s delve into the life of Dr. Naresh Trehan and examine the factors contributing to his impressive financial success.

Raised in a family of medical professionals, with a gynaecologist mother and an ENT specialist father, Dr Naresh Trehan’s early years were immersed in the medical world. Following enrollment at King George’s Medical College in Lucknow in 1963, he embarked on a journey to the USA in 1969.

There, he refined his skills as a resident at Thomas Jefferson University Hospital in Philadelphia. His return to India in 1988 marked the commencement of a distinguished career, holding key positions at Escorts Heart Institute and Research Center (EHIRC) and subsequently at Apollo Hospital in New Delhi.

In 2007, Dr Naresh Trehan established Medanta – The Medicity, one of Gurgaon, Haryana’s largest multi-speciality hospitals. His legacy includes performing over 48,000 open-heart surgeries at Medanta, solidifying his position as a foremost cardiovascular and cardiothoracic surgeon.

His noteworthy contributions have earned him prestigious awards, including the Padma Bhushan in 2001 and the Padma Shri in 1991. Serving as the personal surgeon to the President of India since 1991, Dr. Trehan consistently receives recognition for his distinguished service in the field of Cardiology Medicine.

In his role as the Managing Director of the Medanta chain, Dr Naresh Trehan possesses a substantial 33.06% stake in Global Health, translating to approximately 88.73 million shares. Recent reports highlight that Global Health’s stock soared to a record high of Rs 972.55 ($11.67) per share on November 30, 2023, contributing to an impressive net worth of Rs 8,402.30 crore ($1 billion approximately).