Aster DM Healthcare Limited, a leading integrated healthcare services provider, has announced the appointment of Mr. Sudeep Dey as its new Chief Information Officer (CIO) and Chief Information Security Officer (CISO), effective August 01, 2025. This strategic move aims to bolster the company's digital transformation and cybersecurity initiatives.

A Seasoned Technology Leader

Mr. Dey brings over 25 years of extensive experience in enterprise IT, business process reengineering, and AI-driven healthcare solutions to his new role at Aster DM Healthcare. His appointment comes at a crucial time when healthcare organizations are increasingly focusing on digital innovation and data security.

Impressive Track Record

Prior to joining Aster DM Healthcare, Dey served as the President IT & CIO at Healthcare Global Enterprises (HCG), where he spearheaded digital transformation efforts and clinical IT innovation. His career also includes leadership positions at other prominent organizations:

• Fortis Healthcare
• Godfrey Phillips
• Oracle Financial Services

In these roles, Dey has been instrumental in driving IT governance, implementing cloud strategies, and leading enterprise-wide business transformations.

Educational Background and Certifications

Sudeep Dey's academic credentials and professional certifications underscore his expertise in the field:

• Graduate degree in Physics from Ch. Charan Singh University
• PGDBA in Finance from Symbiosis
• Certifications from prestigious institutions including Harvard, Stanford, Johns Hopkins, and the University of Pennsylvania in:
  • Artificial Intelligence
  • Digital Transformation
  • Risk & Compliance
  • Fintech

Areas of Expertise

Dey is recognized for his proficiency in several critical areas:

• Cybersecurity
• Enterprise automation
• Healthcare IT innovations

His expertise is expected to enhance patient care, improve operational efficiency, and ensure regulatory compliance at Aster DM Healthcare.

Industry Recognition

Throughout his career, Sudeep Dey has received numerous top CIO awards, acknowledging his contributions to the field of information technology in healthcare.

Looking Ahead

As Aster DM Healthcare continues to expand its digital footprint and strengthen its technological infrastructure, Sudeep Dey's appointment as CIO and CISO is poised to play a crucial role in the company's future growth and innovation strategies.

The healthcare industry is witnessing rapid technological advancements, and with Dey's leadership, Aster DM Healthcare aims to stay at the forefront of these developments, ensuring enhanced patient experiences and robust data security measures.

Aster DM Healthcare , a leading integrated healthcare service provider in India, has reported robust financial results for the first quarter, along with significant strategic initiatives to strengthen its market position.

Q1 Financial Highlights

Aster DM Healthcare delivered a strong start to the fiscal year, with consolidated revenue growing 8% year-on-year to ₹1,078.00 crore in Q1. The company's operating EBITDA saw an impressive 21% increase to ₹215.00 crore, while profit after tax (PAT) rose by 22% compared to the same period last year.

Key operational metrics also showed positive momentum:

• Average Revenue Per Occupied Bed (ARPOB) increased by 14% year-on-year to ₹50,200.00
• Average Length of Stay (ALOS) improved by 4% to 3.1 days
• Occupancy stood at 59%, reflecting the addition of new beds and improved ALOS

Strategic Expansion in Bengaluru

In a significant move to strengthen its presence in South India, Aster DM Healthcare announced a ₹580.00 crore investment to establish its fifth hospital in Bengaluru. The new 500-bed, state-of-the-art facility will be located in Yeswanthpur, expanding the company's total bed capacity in the city to over 2,580 beds.

Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare, commented on the expansion: "The announcement of the new hospital in Bengaluru marks a significant milestone in Aster's India growth journey. This strategic expansion will further solidify our position as one of the leading healthcare providers in the region."

Other Strategic Developments

• Aster DM Healthcare acquired an additional 13% stake in Aster Ramesh Hospitals, increasing its total shareholding from 57.49% to 70.49%.
• The company entered into a lease agreement for a composite property in Sarjapur Road, Bengaluru, to establish its fourth multispecialty hospital in the city.
• Aster Labs, the company's diagnostic arm, reported a 14% year-on-year revenue growth in Q1, maintaining a positive EBITDA margin of 7.6%.

Cluster Performance

Kerala Cluster

The Kerala cluster showed signs of recovery with a 5% year-on-year revenue growth in Q1, driven by a 6% quarter-on-quarter increase in in-patient volumes.

Karnataka & Maharashtra Cluster

The Karnataka & Maharashtra cluster continued its strong performance with a 13% year-on-year revenue growth and a 23% increase in operating EBITDA.

Outlook

Dr. Moopen expressed confidence in the company's growth trajectory, stating, "With these initiatives, we remain well-positioned for sustained growth. Our commitment to operational excellence, clinical innovation, and strategic expansions will allow us to redefine healthcare delivery in India."

Aster DM Healthcare's strong Q1 performance and strategic expansions underscore its commitment to growth and its aim to strengthen its position as a leading healthcare provider in India.