Technology Stalwart Phaneesh Murthy launches, India’s first health exchange

by | Aug 30, 2015

Mumbai, August 25, 2015: Technology visionary Phaneesh Murthy-founded PM Health and Life Care (PMHLC) today announced the creation of, India’s first health exchange, integrated with Zigy HealthVault, a first-of-its-kind patient-controlled electronic health record system. As the first offering, connects chemists and druggists with consumers.

The health exchange uses technology to efficiently connect Indians needing health products and services with doctors, clinics, hospitals, pharmacies, diagnostic labs, and providers of wellness products & services, insurance, home-care services and alternative medicines.

 The Zigy HealthVault provides a highly secure and completely confidential way of storing all health-related information for patients and family members. Zigy facilitates easy retrieval, upon the patient’s authorization, to enable doctors and other care providers to fully comprehend the case history. This structured flow of information will result in better diagnosis.

Speaking on the occasion of the launch, Mr. Phaneesh Murthy, Co-Founder and Executive Chairman of PMHLC, said, “Zigy is committed to improving the quality of healthcare, affordability and accessibility for a large segment of the Indian population. This is our first step towards realizing our dream of a Swastha Bharat.”

The chemists and druggists online marketplace will initially serve customers in five metropolitan cities—Bengaluru, Chennai, Hyderabad, Mumbai and Delhi. The product portfolio on the marketplace will include Allopathic, Homeopathic, Ayurvedic and other wellness products and services. The operations will be extended to 50 cities within 18 months. Over a period of time, will be servicing rural India as well.

According to Mr. Hemant Bhardwaj, CEO, MD and Co–Founder, PMHLC: “With our business model which is a win-win for each stakeholder in the ecosystem, we anticipate achieving one million transactions within 12 months of operations.” Zigy is available on both the web and mobile platforms.

About PM Health and Life Care Pvt. Ltd (PMHLC)

 PM Health & Life Care (PMHLC), headquartered in Bengaluru, aims to address the need and gap in the Indian health system by leveraging technology. In  the PMHLC model, consumers’ demand will be routed through the exchange to the nearest partner-service provider. This will not only assure accessibility at all times, it will also give consumers the peace of mind in dealing with providers who share the exchange’s philosophy and vision. The company will only work with providers of goods and services who meet all regulatory and quality standards.

The PMHLC founding team has around 125 person years of leadership experience in technology, pharmaceuticals, marketing and distribution. The founding team includes, apart from Mr. Phaneesh Murthy as Chairman and Mr. Hemant Bhardwaj as CEO, Mr. Umesh Naidu as Chief Operating Officer, Mr. Anil Bajpai as Chief Technology Officer and Mr. Harshit Singhal as Chief Finance Officer and Head of Strategy.




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Brian Pereira
Brian Pereira
Brian Pereira is an Indian journalist and editor based in Mumbai. He founded Digital Creed in 2015. A technology buff, former computer instructor, and software developer, Brian has 29 years of journalism experience (since 1994). Brian is the former Editor of CHIP India, InformationWeek India and CISO Mag. He has served India's leading newspaper groups: The Times of India and The Indian Express. Presently, he serves the Information Security Media Group, as Sr. Director, Editorial. You'll find his most current work on CIO Inc. During his career he wrote (and continues to write) 5000+ technology articles. He conducted more than 450 industry interviews. Brian writes on aviation, drones, cybersecurity, tech startups, cloud, data center, AI/ML/Gen AI, IoT, Blockchain etc. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. He recently achieved a Certificate in Cybersecurity (CC) from the international certification body ISC2. Follow Brian on Twitter (@creed_digital) and LinkedIn. Email Brian at: [email protected]
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