Practo Makes Two Appointments To Its Board

SUMMARY

Practo appoints TVG Krishnamurthy and Alexander Kuruvilla to its board, strengthening its leadership for AI-driven healthcare initiatives

The new board members bring extensive experience in corporate governance, technology, and healthcare management to support Practo's growth and innovation plans

Practo reported adjusted EBITDA profitability in Q4 FY24, 22% revenue growth to INR 242 Cr in FY24, and serves over 40 Cr patients across 22 countries

Healthtech platform Practo has bolstered its board with two new appointments as it sharpens its focus on AI-driven healthcare solutions.

The company has roped in TVG Krishnamurthy and Alexander Kuruvilla to its board of directors.

The appointments are part of Practo’s efforts to improve health outcomes, while tapping AI, and expanding its footprint.

Krishnamurthy has previously served in both multinational corporations and domestic enterprises, while Kuruvilla, formerly Practo’s chief healthcare strategy officer, has been instrumental in establishing and managing hospitals across India, including Narayana Hrudayalaya and Apollo Hospitals Ahmedabad.

“Having witnessed Practo’s impact on healthcare innovation and its commitment to excellence, I’m elated to join this journey. I look forward to collaborating with the board and management team to drive continued value creation and uphold the highest standards of corporate governance,” Krishnamurthy said.

“Practo has always been ahead of its time, setting new standards in the industry. The market opportunity before us is vast, and I am excited to see how we will capitalise on it to drive further growth and innovation,” Kuruvilla added.

Founded in 2008 by Abhinav Lal and Shashank ND, Practo has raised $229.5 Mn across nine funding rounds. The company serves over 40 Cr patients across 22 countries, connecting them with 2.2 lakh doctors and healthcare providers.

The company has been expanding its services beyond appointment booking to include telemedicine, practice management software, and AI-driven tools for doctors. Practo reported generating INR 3,000 Cr of value annually for its ecosystem. In its latest financial update, the company claimed adjusted EBITDA profitability in Q4 FY24 and reported a 22% revenue growth to INR 242 Cr in FY24.