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Medall CEO Raju quits, Peepul Capital’s Ananth to take over

Ananth stressed that Medall would keep its focus on business continuity. Peepul Capital owns 80% stake in the firm.

Nov 30, 2019, 10.57 AM IST
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Raju will remain on Medall’s board as a non-executive chairman and continue to hold shares in the firm.
CHENNAI: Peepul Capital top executive Arjun Ananth has taken over as the CEO of diagnostics firm Medall, the Chennai-based company founded by serial entrepreneur Raju Venkatraman.

In a statement to ET, Ananth said : “Raju has expressed his desire to retire from active day to day operations. The board felt that since I have been serving on the board as representative of Peepul Capital and have a good understanding of the business, in the interest of continuity, it would be appropriate for me to take over as CEO of Medall.”

Raju will remain on the board as a non-executive chairman and continue to hold shares in the company. He was not available immediately for comment.

Venkatraman, who had founded and grown two businesses Vetri Systems and RevIT in the technology space, started Medall after taking over Precision Diagnostics about a decade back. Medall is currently one of the largest diagnostic chains in south India.

Ananth stressed that Medall would keep its focus on business continuity. Peepul Capital owns 80% stake in the firm. Raju will remain on Medall’s board as a non-executive chairman and continue to hold shares in the firm
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