MAM
Ananth Narayanan joins Medlife as co-founder & CEO
MUMBAI: The Board of Directors at Medlife, www.medlife.com, have announced that Mr. Ananth Narayanan (former CEO of Myntra and Jabong and ex McKinsey Senior Partner) would be joining the company as Co-Founder and CEO. In this capacity, Ananth will be responsible for driving the next S curve of growth, continue to strengthen the team, lead M&A’s, and help formulate strategy around new areas of growth. He will also be joining the Medlife Board of Directors.
Medlife is the largest e-health company in India today with three business lines including pharmacy, diagnostics and e-consultation. Since its inception in November 2014 by Prashant Singh and Tushar Kumar, Medlife has scaled rapidly to become the first e-pharmacy to clock 1000-crore revenue run rate. It currently operates across 29 states, 4,000 cities and 25,000 pin codes in India fulfilling over 25,000 deliveries daily.
Medlife operates its medicine delivery service through 40 fulfillment centers and 3 large regional hubs in 22 cities. It has one national and five regional laboratories and over 350 phlebotomists helping bring diagnostics to patients’ homes. It has also launched its e-consultation service after acquiring Eclinic247 last year.
Speaking about this, Mr. Tushar Kumar and Mr. Prashant Singh, Founders, Medlife, said, “We are very excited to have Ananth partner with us in this journey. We look forward to working together to scale Medlife rapidly going forward. We are at a stage where we have to build this from a $200 million business to a $2 billion plus business over the next 5 years and Ananth in his previous stint has done just that.”
Adding his comments, Mr. Ananth Narayanan, Co-Founder and CEO, Medlife said “Technology can play a disruptive role in making healthcare simple, personal, and accessible to all Indians. Medlife has built a terrific business and a great team. I look forward to working with them and with Prashant and Tushar to continue to scale the business.”
This announcement comes on the heel of Medlife announcing the acquisition of Myra Medicines, India’s only express pharmacy delivery service. Post this acquisition Medlife now controls largest share of the e-pharmacy market, a space that is on way to become the next big disruptor after the food delivery service.
Ananth Narayanan is the former Chief Executive Officer of Myntra. He led Myntra's aspiration to transform how people shop for fashion online and also focused on building category-leading fashion brands. Featured as one of ‘India's Hottest 40 under 40 Business Leaders’ in 2014, Ananth has deep expertise in driving performance improvement and has a particular passion for product development.
Prior to joining Myntra, Ananth was a Director at Mckinsey & Company and worked with the firm for 15 years across four offices (Chicago, Shanghai, Taipei and Chennai). His role entailed leading the Product Development practice in Asia and working with companies on strategy, operations and organisation. He has successfully helped companies streamline operations and supply, improve product development, develop strategies, business plans and organisational models.
Ananth has a Bachelor degree in Engineering from University of Madras and a Masters from the University of Michigan, in Industrial Engineering and Operations Research. He is on the Industry Advisory Board of University of Michigan’s Tauber Institute.
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
