August 4, 2022 - Media Bulletins Today News Bulletin in English

News

Indie Filmmaker’s Mustang Passion Project Airs on Documentary Showcase

Aug 4, 2022 by Neel Achary 0 Comments

Scientology Network’s DOCUMENTARY SHOWCASE, the weekly series providing a platform for Independent filmmakers to air films on important social, cultural and environmental issues, presents the broadcast of the documentary Unbranded, an uplifting journey celebrating the return of an icon of the American West, the wild mustang, on 5 August at 8 p.m. ET/PT.

At a time when the world needs uplifting stories more than ever, Documentary Showcase provides a worldwide audience for indie filmmakers using the power of film to affect positive change in the world.

In Unbranded, director Phillip Baribeau follows four young cowboys who ride wild mustangs from the Mexico border to Canada, through 3,000 miles of the wild and stunningly beautiful terrain of the American West.

Baribeau’s aims in making Unbranded are to raise awareness of the plight of America’s burgeoning wild mustang population and conservation of the unspoiled American wilderness.

In an interview with Scientology Network for DOCUMENTARY SHOWCASE, Baribeau stated:

“I want viewers to take away from watching this an appreciation of what we have in America and its public lands. It’s what we have for everybody to enjoy.”

DOCUMENTARY SHOWCASE airs Fridays at 8 p.m. ET/PT on Scientology Network.

News

30 Runners to Achieve New Records with Asics Metaspeed™+ Time: Trials Race

Aug 4, 2022 by Neel Achary 0 Comments

ASICS is hosting its Time: Trials race event with the newly launched Metaspeed+ series. This is taking place in key metro cities such as Mumbai, Delhi & Bengaluru, 30 runners across the country will participate wearing the all-new METASPEED™ + shoes which will be officially launched by the runners during this 10K run which is a high-octane series to achieve new records.

ASICS Time Trials - Bangalore

The event is open for all runners who want to participate in an open 10k run and be a part of the momentous occasion.

Click on the below link to register:

https://www.asics.com/in/en-in/arc-Registration

Uplift the positive energy and experience the joy of running with ASICS.

Venue: Nice Road – Bangalore

Day & Date: Saturday, 6th August 2022

Time: 5:30 am

Technology

Cyient recognized as “Rising star” for Managed Services in U.S. region in ISG Internet of Things report

Aug 4, 2022 by Neel Achary 0 Comments

India, 4 Aug, 2022: Cyient, a leading consulting-led, industry-centric global technology solutions company announced that it has been recognized as the ‘Rising Star’ For Managed Services in the US region in ISG Provider Lens™ 2022 report on the Internet of Things – services and solutions.

According to ISG, a leading Global Technology Research & Advisory Firm’s quadrant report, managed IoT service models focus on optimizing performance and driving continuous improvement. Intelligent tools and analytics identify root causes of problems, define new sources of value, and reveal continually evolving security threats. Remote monitoring and OTA capabilities optimize efficiency and scale resources across multiple geographies – a critical capability in a tight labor market.

The report highlighted Cyient’s flexible deployments through usage-based modular services. The suite of managed services offerings enables remote monitoring, predictive analytics, lifecycle cost modeling of IoT devices, and the range of offerings through strategic acquisitions as the basis for Cyient’s recognition as a “Rising Star.”

On the ISG recognition, Pierre Carpentier, Global Head of Digital Technologies, Solutions, and Partnerships, Cyient said, “We are thrilled to be recognized by ISG as Rising Stars in IoT. This is proof that integrating our digital technology capabilities under our IntelliCyient suite of I4.0 solutions is accelerating our customers’ digital transformations in the asset-intensive industries we serve.”

Speaking about the recognition, Alex Kozlov, lead analyst at ISG Research, said, “Cyient combines industry expertise and a robust partner ecosystem to address key IoT challenges. These included enabling integration and interoperability between disparate systems and platforms, as well as leveraging data analytics to solve business problems and identify new opportunities.”

Managed services also play a key role in sustainability by leveraging analytics from day-to-day operations to minimize carbon impact, reduce energy consumption and increase user device efficiency.

The complete ISG Provider Lens™ Internet of Things – services and solutions June 2022 US report can be accessed here.

MediBuddy hails female frontline workers for their Sherni spirit

Health

MediBuddy records an increase of 73% queries in pediatric consultations

Aug 4, 2022 by Neel Achary 0 Comments

India, 4th August 2022: The onset of monsoon brings with it a wholesome rise in ailments of various kinds, especially in children. MediBuddy, India’s largest digital healthcare platform reported an increase of over 73% in queries related to pediatric consultations. Statistical insights from MediBuddy reveal that 52.43% queries reported on the platform were of fever, acute illnesses such as cold, respiratory issues, digestion problems, diarrhea, UTI, and rash-related problems, most of these being common in young children in monsoons.

10.3% parents reached out for a second opinion for their child’s health, 34.78% queries revolved around lactation and feeding for newborn babies while 2.49% parents consulted specialists on vaccination advice for their kids.

However, given the surge in teleconsultations and quick access to specialist pediatricians, parents were able to access timely and quality care even at night-hours by connecting with concerned doctors over MediBuddy’s app.

Speaking about the same, Mr. Satish Kannan, Co-Founder & CEO, MediBuddy said, “It is imperative that ailments related to monsoon needs to be identified and treated with utmost urgency. With children, even a small ailment can be a cause of major concern for parents. We at MediBuddy are glad that we are able to provide a sense of satisfactory respite to parents by giving timely advice and consultations. As their trusted buddy, we are extremely humbled that our platform has been a continued source of right guidance and trusted medical consultations for their healthcare needs.”

MediBuddy has always been at the forefront of India’s digital healthcare transformation. The digital healthcare platform has a partner network of over 90,000 doctors, 7,000 hospitals, 3000 diagnostic centers, 2,500 pharmacies & 2400-members team. It has created an integrated ecosystem that offers patients several healthcare services in 16 Indian languages to enable user-friendly consultation to people in tier2&3 cities that they can seamlessly access anytime and anywhere. MediBuddy offers online doctor consultations, medicine delivery, lab tests at home, mental health consultations, and many more services.

Business

Bikayi organizes its first-ever Marketing Scholars’ Summit

Aug 4, 2022 by Neel Achary 0 Comments

Bengaluru, August 4: To spark conversations and ideas around upcoming trends in marketing, Bengaluru-based e-commerce company Bikayi will be hosting its inaugural Marketing Scholars’ Summit at its office in Bengaluru on Saturday, August 6, 2022.

As part of the marketing summit, a live panel discussion will be held on ‘Profitable Growth for Brands’ with two panelists including Sudarshan Gangrade, Founder and CEO, Lo! Foods and Chetan Siyal, Chief Marketing Officer, Snitch. The panel discussion will begin at 4 PM and be held virtually via YouTube and broadcasted via Facebook and Instagram for online audiences.

Speaking about the event, Sonakshi Nathani, Founder and CEO, Bikayi, said, “We are excited to host our first-ever marketing summit, which hopes to shed light on best practices from upcoming brands redefining the industry. In an ever-changing landscape of digital innovations and consumer insights in marketing, promoting your brand effectively is of utmost importance. Our inaugural summit is an opportunity for all digital marketers and enthusiasts to join industry leaders to exchange ideas across profitable growth for brands today.”

There will be a fireside chat, rapid fire round and Q&A session following the panel discussion. In addition to this, there will be a Swag Box competition for the audience, where the top three members of the live audience with the most interesting questions pertaining to WhatsApp marketing will be chosen as winners of BIK swag box of goodies.

During the live panel discussion and following activities, the audience will be provided with a WhatsApp group link which they can use to join the group for more information on BIK.ai.

Interested members can register for this event using the link https://bit.ly/3JnFIf3

Our panelists:

Alumni of IIT-Kharagpur, Sudarshan Gangrade, Founder of Lo! Foods, did his MBA from IIM-Bangalore. Since then, he has worked in several startups and founded the boutique health consulting firm LeanScience. As the Chief Marketing Officer (CMO) at Ola, Sudarshan helped make Ola a household name and grow from a few thousand rides to a million in a day in less than 2 years.

CMO of Snitch, a men’s apparel brand, Chetan Siyal has over 8 years of experience in marketing and advertising, which gave the brand an edge to outperform other brands in a short span of time. He is a curious and enthusiastic individual who always likes to experiment with new things.

Business

Infibeam Avenues Limited Announces Consolidated Financial Results for First Quarter FY22-23

Aug 4, 2022 by Neel Achary 0 Comments

August 4, 2022 – India – India’s first listed and leading fintech solutions provider company, Infibeam Avenues Ltd. (“Infibeam” or “The Company” or “IAL”) (BSE: 539807; NSE: INFIBEAM), has today announced its financial results for the quarter ended June 30, 2022. The company has shown stellar growth on account of surging payment transactional volume due to the return of high demand and increased economic activities. The enormous rise in digital payment transactions is being registered from across industries like travel & tourism, aviation, hotel booking, discretionary spends, lifestyle (fashion items), retail, and more that saw relatively lower economic activity in FY 2021 and FY 2022.

Standalone Financial Highlights – Quarter Ended 30^th June 2022 (INR. crores)

Particulars	Q1 FY22-23	Q1 FY21-22	Y-o-Y
TPV	80,036	47,180	70%
India Payments NTR	6.9	5.4	26%
Gross Revenue (GR)	378	193	95%
Net Revenue (NR)	64	47	37%
EBIDTA	41	28	48%
EBIDTA as % of NR	64%	60%	–
PBT	30	13	127%
PAT	23	10	137%
PAT as % of NR	36%	21%	–

Consolidated Financial Highlights – Quarter Ended 30^th June 2022 (INR. crores)

Particulars	Q1FY22-23	Q1FY21-22	Y-o-Y
TPV	87,218	50,651	72%
Total Payments NTR	6.8	6.2	11%
Gross Revenue (GR)	418	216	93%
Net Revenue (NR)	74	52	41%
EBIDTA	43	28	51%
EBIDTA as % of NR	58%	54%	–
PBT	30	17	81%
PAT	23	13	69%
PAT as % of NR	31%	26%	–

Growth in payments & eCommerce platforms:

Reflecting on the overall Q1 FY23 earnings performance, Mr Vishal Mehta, Managing Director, Infibeam Avenues Ltd, said, “The return of demand has been tremendous, and it’s ever-growing. We don’t see any demand and economic activities drop in the near future. We have registered TPV growth of 72% year-on-year across our fintech offerings in Q1 FY22-23. As per our internal data, the enormous rise in digital payment transactions was across all sectors.”

“High demand for goods & services from people, has also propelled the demand for business credit from merchants, to attain these increased demands. We have registered a 77% rise year-on-year in our merchant lending business – Express Settlement, ” says Mr. Mehta.

To address the challenge of inadequate payments acceptance infrastructure and eliminate barriers to seamless digital adoption in India, The Company launched CCAvenue mobile app, among the world’s most advanced omni-channel payment app, featuring India’s first pin-on-glass SoftPoS solution – CCAvenue TapPay. Since it is an app, the merchant can download it for free on any Android phone, and convert any Android phone into a payment terminal. Merchants can accept payments in multiple ways like QR code, link-based payments, as well as Tap-to-Pay, and more.

“We rolled out our game-changing product CCAvenue Mobile App an omni-channel payment platform with a built-in tap and pay feature that converts any NFC‐enabled Android phone into a POS terminal. With these developments and a steep increase in our Total Processed Value of INR 87,218 crore, we are looking at a stretch of healthy quarters. Fintech scenario in India and globally is at a very lucrative stage that has to be leveraged by harnessing newer technology. In the coming months, our focus will be to strengthen our growth prospects in India, expand in international markets and develop new business models/payment products,” Mr. Mehta added.

“Currently, there’s an excellent momentum shifting towards digital payments in the country. The latest RBI data reveals that 7.9 crore credit card holders spent on an average more than Rs 1,00,000 Cr in each month of Q1’23, which is record high. Digital payments in the country is growing at a rapid speed and the momentum continues in FY23. POS and eCommerce are expected to contribute equally to digital payments value in FY23. This is where we are entering the offline payments market with our SoftPoS with tap-to-pay feature, that will be a game changer,” said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Ltd.

Currently, 6.4 million merchants are on Infibeam’s platform (double from last year), which increased at an average 8,000 per day in Q1’23 and could grow significantly due to the mass adoption of digitalization. This merchant base along with the transactional insights we generate from their transactions will help us to monetise on this rich data by offering financial services to merchants in the form of invoice discounting, bill discounting, working capital loans, etc.

“Increasing digital volumes will allow merchants to be a part of ‘organised or semi-organised retail’ which can be leveraged by lenders to provide credit to boost growth at the grassroot levels,” said Mr Mehta.

With additional growth drivers such as consistently converting EBITDA into free cash, almost debt free company and major capex cycle behind, Infibeam is charting a focused growth strategy for the next 3-5 years. The changing fintech scenario with rapid digitisation of transactions in India and the massive potential for further growth, introduction of 5G network and acceptance of sophisticated fintech products will provide impetus to the payment sector in the coming days.

Key Business Developments – Q1FY22-23

Infibeam Avenues Ltd launched CCAvenue TapPay, India’s first pin-on-glass solution and World’s most advanced omni-channel payment platform with TapPay solution. The CCAvenue Mobile App with TapPay feature promises to be a game-changer in the Indian market as it will convert any NFC-enabled Android phone into a smart PoS terminal. This will enable any small business or entrepreneur in the country to accept digital payments easily, quickly and securely. Infibeam Avenues Ltd expect to capture a substantial market share of India’s Rs 27 billion PoS market.
Infibeam Avenues Ltd forayed into Australia. Had set up a wholly-owned subsidiary (WOS) Infibeam Avenues Australia Pty Limited to tap the burgeoning Australian digital payment space and expect to garner 5% of digital payment market share in three years. As a part of the company’s long term strategy, Infibeam Avenues Ltd’s senior management official Ms Neeru Sharma, Director, Platform at Infibeam Avenues Ltd, has moved her base to Sydney. Infibeam Avenues Australia Pty Limited has been incorporated on June 06, 2022. The business focus will be in the area of online digital payments to operate as a payment processor, to provide services for Mobile Point of Sale (mPOS), Near Field Communication (NFC) and contactless card technology business in the area of online payments and non-cash transactions. The company will provide other fintech services as well.
Infibeam Avenues Ltd appointed IISc alumni Rahul Hirve as Chief Executive Officer (CEO) of CCAvenue SoftPoS India. Rahul will be responsible for strategizing, implementing and overseeing the quick deployment of softPoS technology – CCAvenue TapPay, across India to transform the Indian POS market by aggressively scaling up CCAvenue softPoS technology and providing a simple, zero-cost & easily accessible alternative/replacement for/of the traditional costly physical POS machine that are currently dominating Indian market.

Business

MoU Signed Between District Administration Nuh and the M3M Foundation to Develop SmartClass in Government Schools

Aug 4, 2022 by Neel Achary 0 Comments

Haryana, Nuh 4^th August 2022: Taking the Digital India mission forward, M3M Foundation today signed an MoU with the District Administration Nuh to develop 20 government schools as SmartClass in the Nuh district of Haryana. While the smart classroom setup is to be provided by NITI Aayog and M3M Foundation will support with capacity building of teachers as well as the preparation of the curriculum for the teachers. On the occasion, an MoU was signed by Mr. Ajay Kumar Singh, Deputy Commissioner, Nuh and Dr. Aishwarya Mahajan, President, M3M Foundation.

Under the mandate of this agreement, the M3M Foundation will be responsible for strengthening the infrastructure of 20 government schools in Nuh, under its flagship ‘Saakshar’ program. The M3M Foundation will also facilitate all furniture support, by providing the chairs, desks as well as digital support, through PCs and laptops for the schools. The Foundation will also extend full support to enhance the capacity of teachers and build the curriculum. They will provide a prescribed number of teachers in schools that do not have any, with the aim to improve the academic performance of all the students. The Nuh Deputy Commissioner, Mr. Ajay Kumar Singh acknowledged and appreciated the efforts of the M3M Foundation in the field of education.

On this occasion, Dr. Payal Kanodia, Trustee, M3M Foundation said, “We are extremely happy to sign this MoU with the District Administration of Nuh today. We will work towards strengthening the digital infrastructure of the government schools in Nuh. If the education system in schools inspires our children, then they in turn will be more determined to work towards achieving their educational goals. We firmly believe that children are the future of the country. With better education, all our children will go onto work towards the development of our nation. As we continue to nurture all the children under our wing, we are also working on plans to expand the scope and scale of our efforts further in the near future.”

This initiative will work towards the development of government schools of Nuh, Punhana, Nagina, Firozpur Jhirka and Tauru blocks of the district. With their tireless efforts, the M3M Foundation is working everyday towards the betterment of the children. This initiative by the M3M Foundation is sure to bring a positive change in the government schools of Nuh and give all the students a brighter future.

Business

ABP Majha concludes its annual felicitation ceremony Majha Sanman Puraskar 2022

Aug 4, 2022 by Neel Achary 0 Comments

Mumbai, 4th August 2022: ABP Majha, Maharashtra’s leading news channel, organized its annual award function ‘Majha Sanman Puraskar’ to recognize and felicitate eminent personalities from various fields in the state of Maharashtra for their outstanding contribution towards society. The event took place on 3rd August 2022, at St. Regis, Mumbai.

The ceremony was presided by Chief Minister of Maharashtra Shri Eknath Shinde, Deputy Chief Minister of Maharashtra Shri Devendra Fadnavis, and Motivational Speaker Shri Gaur Gopal Das as chief guests. They felicitated deserving Maharashtrians in the fields of music, acting, magic, physics, activism, education, and farming.

ABP Majha’s Majha Sanman Puraskar aims to recognise Maharashtrians who have excelled in their community and state and have made a major contribution to society through their unshakable commitment and labour of love.

Among the recipients of the Majha Sanman Puruskar 2022 are – Tabla Artist and Musicologist Pt. Suresh Talwalkar, Actor Ashok Saraf, Activist and Community Health Researcher Dr. Rani Bang, Magician Vijay Raghuvir, American Particle Physicist Prof. Ashutosh Kotwal, Chief of Maharashtra COVID Task Force Dr. Sanjay Oak, Chairman & MD of Sahyadri Farms Vilas Vishnu Shinde, Actor & Producer Riteish Deshmukh, and Actress Amruta Subhash.

ABP Majha secured several influential sponsors for the occasion, which added to the intrigue. With Icon Steel, Star Pravah and Cycle Agarbathi as Co-presented by sponsors, the award ceremony was Co-powered by Dear Government Lottery, Lagu Bandhu Jewellers, Syska LED, and Sudhir Mandke Lighthouse – Guhagar. It was Supported by Mysore Sandal Soap. The Print partner for the event was Loksatta while ABP Live was its Digital Partner.

ABP Majha, renowned for championing a variety of social causes that strike a chord with its audience, recently celebrated its 15-year anniversary. Its ‘Majha Sanman Puraskar’ is a unique initiative to honour individuals who have gone above and beyond to create a meaningful impact on society.

Business

Strata launches new grade-A office asset opportunity in Chennai; aims to raise INR 27 crore from investors

Aug 4, 2022 by Neel Achary 0 Comments

India, 4^th August 2022: Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, today announced the launch of its 17^th commercial asset, a plush, Grade-A office property in Chennai. Leased out to a leading US based technology company, Strata aims to raise Rs. 27 crore for the asset which is expected to offer a gross entry yield of 9.1%.

Situated in one of the most strategic locations of Perungudi in Chennai, the office asset spans across an area of approx. 35000 sq. ft. and has been pre-leased for a period of 5 years with a lock-in period of 3 years. Additionally, the asset is expected to generate a net investor annual internal rate of return (IRR) of 12.9%, thus creating a rewarding and stable asset opportunity offering inflation beating returns while generating passive income in the long-term.

Popularly known as the IT corridor of Chennai, Perungudi is now gaining popularity as one of the most preferred residential areas too. Owing to its location on the IT highway and proximity to other key neighborhoods in Chennai such as Thiruvanmiyur, Adyar and Velachery, it serves as one of the most archetypal location for a premium commercial asset.

Commenting on the launch, Sudarshan Lodha, Cofounder & CEO, Strata Property Management, said, “After raising a record breaking fund of INR 38 crore in 38 hours for our entry asset in Pune, we are much enthusiastic to return to our special market Chennai, with a brand new office asset. Primarily dominated by the IT, engineering and manufacturing sectors, Chennai has been witnessing strong leasing activity through the first two quarters of 2022 which clearly indicates full recovery from the pandemic. With continued demand momentum across IT and manufacturing sectors, the commercial property market in Chennai is witnessing immense traction and therefore our asset launch comes in at a very strategic time.”

“Since Strata’s launch in 2019 we have come a long way in building a robust portfolio of assets worth INR 700+ crore across strategic locations in the country. We are extremely thrilled to return back to the ever growing market of Chennai for the launch of our 17^th asset which further strengthens our presence in South India. With a premium tenant, location as prominent as Perungudi combined with Strata’s unparalleled tech and management expertise, our latest offering is a highly lucrative investment opportunity in Chennai” he added.

After funding 16 assets across the country, Strata’s return to Chennai with its second asset in the city, comes in at a strategic time when the city is witnessing strong revival post the pandemic. The company, today has over 700+ crore worth of Asset under Management (AUM) with total of 2.8 million sq ft managed across cities such as Bengaluru, Hosur, Hyderabad, Mumbai, Pune, Jaipur, etc.

Strata has been relentlessly working towards democratizing commercial real estate as an asset class in the country. The company has an investor base of over 35k+ comprising of over 2000 active investors.

Strata envisions to be the largest alternative investment platform in the country for retail investors by enabling them to invest in CRE assets, by democratizing assets and offering it on an easy-to-use online platform. Through its tech-enabled platform, Strata empowers retail investors across the globe to invest in specific commercial properties in a particular location of their choice whilst offering good yields. Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield and PropStack.

Business

Suraksha Diagnostics Accelerates Pan India Expansion Plan After Years Of Consistent Growth

Aug 4, 2022 by Neel Achary 0 Comments

Kolkata, 4^th August 2022: Suraksha Diagnostics Pvt Ltd, the largest diagnostic chain in Eastern India and one of the most trusted names in the healthcare industry, has planned to expand and enhance their business pan India. As a 1^st step, Suraksha plans to open 12 new centres in next 3 months. These 12 new centres will be having high-end modern medical equipment and will be launched across India.

As per their growth strategy, Suraksha has appointed Mr. Anupam Katheriya as Chief Operating Officer (COO) and Mr. Tushar Karnik as Chief Finance Officer (CFO), both of whom would be playing an important role in the company’s expansion plans.

“As we continue to develop Suraksha as a trusted brand across the country, we need to meet the tremendous market demand and thus required a unique perspective from our leadership team. Both Mr. Anupam Katheriya and Mr. Tushar Karnik come with a wealth of strategic expertise which would give us a fillip to our expansion plans. At present Suraksha is present in 53 cities across West Bengal, Bihar, Assam, Meghalaya, and Maharashtra. Our focus is now to expand our footprints across India and also enhance our services”, said Dr. Somnath Chatterjee, Managing Director, Suraksha Diagnostics Pvt Ltd.

Mr. Anupam Katheriya, has over 22 years of experience in consumer goods industry with multinationals like Heinz, Nestle and Emami. He has successfully led marketing, sales and business development functions in his career and has been awarded PITCH Best CMO awards 22. He has also won ET Brand Equity Brand disruption awards 22 and recognised as one of the top 60 CMOs in India by Startuplanes. He will oversee the company’s operational activities, marketing and sales functions and drive company’s growth aspiration. Mr Katheriya is an alumnus of IIM Ahmedabad and Delhi college of Engineering. Prior to joining Suraksha Diagnostics, he was part of Emami Limited as Associate Vice President – Marketing and Business Development.

Mr. Tushar Karnik is a Chartered Accountant having 28 years of work experience across various industries including Manufacturing, Consulting, NBFC, Services, Media, IT & Healthcare Industry. His experience also includes exposure to global operations across Asia-pacific, Europe, Africa, Middle East and USA. He would be overseeing Suraksha’s financial and operational activities as well as contribute to the company’s growth plan and assist all strategic and operational efforts across the country. Prior to joining Suraksha Diagnostics, he spearheaded the launch of IPO in Metropolis as CFO.

Anupam Katheriya Photo COO

“Suraksha, a trusted brand for over 30 years is on a growth path. With robust expansion plans including acquisitions and technological enhancements in place, the coming few years will see Suraksha attaining greater heights. I am excited to join the organisation at this very interesting juncture and look forward to contribute towards its larger interests and pursuits”, said Mr Anupam Katheriya, Chief Operating Officer, Suraksha Diagnostics Pvt Ltd.

“At Suraksha my responsibility will be to create strong commercial ties and alliances in order to expand the firm and safeguard revenue streams. The road ahead looks extremely promising for the group and I am looking for a fruitful journey with the team”, Mr. Tushar Karnik, Chief Finance Officer, Suraksha Diagnostics Pvt Ltd.

Suraksha, with the prestigious CAP (College of American Pathology) accreditation, has been serving patients for almost three decades all over the country. Post-Covid pandemic, Suraksha has added six new centres and plans to open another 20 centres in Eastern India this financial year. Suraksha is completing the acquisition of one of the largest diagnostic chains in Western India. This will encompass an investment of around Rs 200 cr. Also in the pipeline is another acquisition of a Diagnostic chain in South India at a cost of about Rs 100cr. Suraksha is involved in the development of the first HRD Assay in the country in it’s own lab, designed by it’s R&D team.

Archive: August 4, 2022