Medi Assist Healthcare Announces Board Changes and Strategic Leadership Updates
Medi Assist Healthcare Services Limited announced significant board changes with the appointment of Ms. Sunita Rebecca Cherian as Additional Director and the completion of Ms. Himani Kapadia's tenure as Independent Director. The company also reported Q3 FY26 consolidated revenue growth of 28.90% to ₹2,396.78 million, though net profit declined due to exceptional items.
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Medi Assist Healthcare Services Limited's Board of Directors approved significant leadership changes and strategic appointments at their meeting held on February 06, 2026, alongside the company's unaudited consolidated and standalone financial results for Q3 FY26.
Key Board Appointments and Leadership Changes
The Board appointed Ms. Sunita Rebecca Cherian (DIN: 10188170) as an Additional Director (Non-Executive, Non-Independent Director) effective February 06, 2026. With over 30 years of experience across various functions, she will also serve as a Member of the Nomination & Remuneration Committee and Corporate Social Responsibility Committee.
| Leadership Change: | Details |
|---|---|
| New Appointment: | Ms. Sunita Rebecca Cherian |
| Position: | Additional Director (Non-Executive, Non-Independent) |
| Committee Roles: | Nomination & Remuneration, CSR |
| Effective Date: | February 06, 2026 |
| Experience: | Over 30 years across various functions |
Ms. Sunita's career spans Sales, Human Capital Strategy, Board Strategy, Total Rewards Strategy, Workforce Transitions, Mergers & Acquisitions, Organizational Design, HR Shared Services, Sustainability, and Inclusion & Diversity. She previously served as Chief Culture Officer & Senior Vice President – Corporate Human Resources at Wipro Limited.
Director Tenure Completion
Ms. Himani Atul Kapadia (DIN: 00761555) will complete her second and final term as an Independent Director on March 14, 2026. She will cease to be an Independent Director and Member of the Audit Committee, Corporate Social Responsibility Committee and Nomination and Remuneration Committee from the close of business hours on March 14, 2026.
| Transition Details: | Information |
|---|---|
| Director: | Ms. Himani Atul Kapadia |
| Tenure Completion: | March 14, 2026 |
| Current Role: | Independent Director |
| Committee Memberships: | Audit, CSR, Nomination & Remuneration |
Subsidiary Board Changes
The Board nominated Mr. Madhavan Ganesan (DIN: 01674529), Independent Director on the Board of Medi Assist Insurance TPA Private Limited, material wholly owned subsidiary with effect from March 15, 2026. This appointment is subject to approval of the Board of MAITPA and other requisite approvals.
Financial Performance Overview
The company demonstrated strong revenue growth during Q3 FY26, with consolidated revenue from operations reaching ₹2,396.78 million compared to ₹1,859.74 million in Q3 FY25. For the nine-month period, consolidated revenue grew to ₹6,627.81 million from ₹5,344.49 million in the corresponding period of the previous year.
| Metric: | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Consolidated Revenue: | ₹2,396.78 million | ₹1,859.74 million | +28.90% |
| Consolidated Total Income: | ₹2,472.42 million | ₹1,904.01 million | +29.90% |
| Profit Before Exceptional Items: | ₹226.63 million | ₹272.05 million | -16.70% |
| Net Profit (Consolidated): | ₹41.36 million | ₹299.74 million | -86.20% |
Meeting Details and Compliance
The Board meeting commenced at 02:00 p.m. (IST) and concluded at 05:15 p.m. (IST) on February 06, 2026. All disclosures were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information has been made available on the company's website at www.mediassist.in .
Historical Stock Returns for Medi Assist Healthcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.16% | +1.19% | -11.94% | -25.54% | -29.31% | -13.03% |
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