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.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
