The new appointments are part of Practo’s efforts to expand its business, with a focus on utilising artificial intelligence (AI) to enhance health outcomes, the firm said in a statement.
Krishnamurthy has previously served in both multinational corporations and domestic enterprises, while Kuruvilla, formerly Practo’s chief healthcare strategy officer, has also served as the chief executive of Medica Synergie.
“I look forward to collaborating with the board and management team to drive continued value creation and uphold the highest standards of corporate governance,” said Krishnamurthy.
“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,” said Kuruvilla.
Founded in 2008, Practo helps patients connect with doctors, book instant appointments and online consultations. It boasts a network of over 40 crore consumers, 150,000 doctors and 80,000 healthcare establishments.
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“Our purpose is to improve health outcomes by leveraging data and computer science to make healthcare more predictive, personalised, and accessible. The diversity of expertise on our board brings a unique blend of insights from technology, corporate, healthcare, and public service, all of which will be instrumental in driving innovation and growth,” Practo cofounder and chief executive Shashank ND said in a statement. Practo reported a 22% rise in operating revenue to Rs 242 crore for FY24, while reducing its operating loss by 90% to Rs 17 crore.
The company plans to achieve full-year profitable growth in FY25 by creating innovative products to enhance health outcomes. It also aims to strengthen its core business and explore opportunities for international expansion.