Lytus Technologies Expands Its Footprint into Healthcare with Cutting-Edge Patient-Centric HealthTech Platform

Rhea-AI Summary

Lytus Technologies (NASDAQ: LYT) has launched a fully owned subsidiary, Lytus HealthTech, to transform India's healthcare landscape. The initiative aims to address healthcare challenges in India, where the sector is projected to grow at a 22% CAGR. The platform will offer personalized patient care solutions, AI-powered analytics, and real-time data insights to improve healthcare delivery.

The Lytus HealthTech Ecosystem is designed to streamline workflows, reduce wait times, and enhance decision-making for healthcare providers. The company plans to roll out the ecosystem over the next two years and is actively recruiting talent in healthcare technology, operations, and AI. The platform aims to drive economic benefits by increasing productivity and reducing operational costs for healthcare providers while maintaining care quality.

The system will focus on connecting patients, doctors, and healthcare institutions, particularly targeting rural and underserved regions in India. Lytus Technologies currently serves 4 million active customers across various markets.

Positive

• Expansion into high-growth healthcare sector with 22% CAGR potential
• Platform designed to increase operational efficiency and reduce costs for healthcare providers
• Large existing customer base of 4 million active users
• Strategic entry into underserved healthcare markets in India

Negative

• Two-year implementation timeline indicates delayed revenue generation
• Significant investment required for talent acquisition and platform development
• Entering highly competitive healthtech market with established players

Launches Fully Owned Subsidiary, Lytus HealthTech,  with Plans for Significant Investment

Mumbai, India, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Lytus Technologies (NASDAQ: LYT), a leader in platform services and next-generation technology, has officially launched its fully owned subsidiary, Lytus HealthTech, as part of its mission to help transform the healthcare landscape in India. The newly formed entity is designed to address the growing challenges in the country’s healthcare system by integrating advanced technologies with personalised patient care solutions.

India’s healthcare system, projected to grow at a 22% CAGR, faces challenges in terms of accessibility, speed, and integration across the patient care journey. Lytus' healthtech platform will bring a personalised patient experience, where care is adapted to individual needs, alongside optimised clinical workflows that empower doctors and healthcare professionals to deliver faster, more efficient care. The platform’s AI-powered analytics and real-time data insights are designed to enable healthcare providers to make informed, data-driven decisions that may lead to better patient outcomes.

Speaking about the newly unveiled plans for the platform, Dharmesh Pandya, CEO of Lytus Technologies, stated, “The need for a unified, integrated healthcare system in India is more urgent than ever. Patients often suffer from long wait times and inefficient service delivery due to outdated healthcare infrastructure. India has long needed a comprehensive healthcare solution to address inefficiencies in service delivery, particularly in rural and underserved regions. We aim to close these gaps by launching a unified healthtech platform that connects patients, doctors, and healthcare institutions. We believe this will improve access to care, streamline workflows, and reduce wait times, directly saving lives and easing pressure on the country’s healthcare system. We believe that Lytus HealthTech will ensure that both patients and doctors have the tools they need for timely, accurate, and efficient medical care. Our goal is to help elevate the standard of healthcare in India, bringing it in line with global best practices.”

By providing personalised care pathways from diagnosis to treatment and recovery, the Lytus HealthTech Ecosystem is designed to make it easier for patients to receive timely care, reduce unnecessary delays, and improve overall healthcare outcomes.

The Ecosystem’s seamless platform is designed to provide doctors and healthcare providers benefits such as enhanced decision-making, reduction in manual errors, and speeding up clinical processes, to improve both the patient experience and operational efficiency. The platform is also designed to drive economic benefits by increasing productivity and reducing operational costs for healthcare providers, enabling them to serve more patients without sacrificing care quality. Scalable and adaptable, the system is designed to grow alongside India's expanding healthcare needs. Lytus is actively recruiting talent in healthcare technology, operations, and AI to support the successful rollout of the Lytus Healthcare Ecosystem within the next two years, setting a new benchmark in HealthTech innovation for India.

Sai Guna Ranjan Puranam, COO of Lytus HealthTech, also added, "We believe our healthtech platform is a game-changer for India’s healthcare professionals and patients alike. By integrating real-time data, our platform is designed to empower doctors with the insights they need to provide more precise and timely care, ultimately benefiting the patients who need it the most. We plan to roll out the ecosystem over the next two years, and we are expanding our teams to meet the anticipated demands of this ambitious project."

About Lytus Technologies: 

Lytus Technologies is a NASDAQ-listed platform services entity that builds and invests in businesses driving next-generation technology solutions. With a focus on digital streaming, HealthTech, fintech, AI, cybersecurity, and more, Lytus operates across India and various international markets, serving a growing base of 4 million active customers. Driven by a vision for innovation and excellence, Lytus is expanding into the Indian market, offering a spectrum of transformative business opportunities and pioneering next-generation technology solutions that reshape industries.

For more information about Lytus, please visit https://www.lytuscorp.com/

Media Contact :
Sarah Bandukwala, Marketing & Communications, Lytus Group 
M: +91 97698 03197 
sarah@lytus.digital
media@lytuscorp.com

FAQ

What is Lytus Technologies' (LYT) new healthcare initiative?

Lytus Technologies has launched Lytus HealthTech, a fully owned subsidiary focused on developing a comprehensive healthtech platform to transform healthcare delivery in India through AI-powered analytics and personalized patient care solutions.

When will Lytus Technologies (LYT) complete the rollout of its healthcare platform?

Lytus Technologies plans to complete the rollout of its healthcare ecosystem within the next two years, as announced in January 2025.

What is the projected growth rate of the Indian healthcare market that LYT is entering?

The Indian healthcare market that Lytus Technologies is entering is projected to grow at a 22% CAGR.

How many active customers does Lytus Technologies (LYT) currently serve?

Lytus Technologies currently serves 4 million active customers across various markets.

What key features will the Lytus HealthTech platform offer?

The platform will offer personalized patient care solutions, AI-powered analytics, real-time data insights, streamlined workflows, and integrated healthcare services connecting patients, doctors, and healthcare institutions.