Dhanush Infotech to diversify into healthcare

Dhanush Infotech Ltd, an IT services company, is changing track to reinvent itself as a technology-driven healthcare services provider.

The ₹85-crore turnover Hyderabad-based company, which has clients in India, Africa and Australia, has developed a bouquet of healthcare products and services that have gone past the pilot stage and are getting contracts in Africa and India, said DSN Murthy, Chairman and Managing Director.

Dhanush has a 60:40 mix of IT and healthcare business portfolio at present. “We want to make it 30:70 in the next two years. We are also targeting revenues of ₹500 crore by 2020, through a host of projects and scaling up operations globally through an IPO and fund infusion,” he said.

In the last few years, the company has invested up to ₹25 crore in the development of tools and technology solutions, including a Kit (a Digital Doc) and Anmol (a tablet for health workers to gather useful healthcare data and go paperless).

Dhanush will broadly focus on developing nations. In India it is targeting the primary healthcare centres and urban healthcare centres, which have a sizable funding from the Centre and State Governments, Murthy said.

Started in 2007-08, Dhanush has emerged a significant player in healthcare in Kenya, Uganda, South Africa and has presence in another 20 African nations. There is tremendous scope for work and lot of funds come in from the United Nations and European countries for African projects on the government to government level.

In India, the company has bagged projects from the Andhra Pradesh government for the use of Anmol and beefing up urban health centres. It is talks with others States such as Uttar Pradesh, West Bengal, Madhya Pradesh and Telangana.

The company has offices in Kenya, Nigeria, US, Australia, South Africa. In the IT sector, it will concentrate on providing cost effective solutions to companies in enterprise solution and software development.