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Fortis Healthcare CFO Sandeep Puri steps down

09 September, 2014

Sandeep Puri, group CFO of Fortis Healthcare Ltd, the second-largest hospital chain in the country, has resigned from the company, as per a stock market disclosure.

Puri, a member of the Institute of Chartered Accountants of India, joined Fortis Healthcare from Ranbaxy Laboratories Ltd where he had a long stint of 21 years. At Ranbaxy, previously owned by the promoters of Fortis Healthcare, he worked at various positions in Russia, South Africa, China, Romania and the UK.

He joined Fortis Group in March, 2012 as CFO. In addition, he was also in charge for the global consolidation process.

This marks another top level exit from Fortis Healthcare, which counts several PE firms, including Standard Chartered PE and IFC as shareholders.

Last year Vishal Bali, group CEO of Fortis Healthcare Ltd resigned to pursue his own venture.

Fortis Healthcare Ltd operates the second largest hospital chain in the country and the top diagnostics services business under SRL.

After buying some assets from its promoters in Asia Pacific it became one of the first Indian healthcare firms to build a strong overseas business. However, it took a u-turn from its previous strategy of going international, by selling its largest overseas healthcare assets in Vietnam, Australia and Hong Kong.

The firm is now focusing on India. It also went asset light by spinning out physical assets into a Singapore-listed entity.

(Edited by Joby Puthuparampil Johnson)


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Fortis Healthcare CFO Sandeep Puri steps down

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