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Swami Swaminathan, the former chief executive officer and managing director of Infosys BPO, the business process outsourcing arm of Infosys Ltd, has joined Manipal Health Enterprises, the health care business of Manipal Group, as executive chairman.
Last month, Swaminathan retired from Infosys BPO after spending almost nine years with the company. A chartered accountant by education, he joined Infosys BPO in 2004 after almost three decades of experience in global corporations such as International Business Machines Corp, Nippon Gulf Enterprises and Eicher Motors Ltd in various roles.
He is the second former Infosys executive to join Manipal Group after T V Mohandas Pai, who is now the chairman of the board of Manipal Global Education Services. Pai left Infosys in April 2011, where he was the head of human resources and administration.
Swaminathan, who is understood to be travelling now, could not be reached for comments.
A spokesperson of Manipal Health Enterprises confirmed the development.
A part of Manipal Education and Medical Group that was started by T M Pai in 1953, Manipal Health Enterprises operates 15 hospitals in the country. Besides, the company also manages around 2,800 beds in 20 third-party hospitals.
Following its funding from India Value Fund Advisors (IVFA) last year, the company is under a massive expansion drive. It had said it was looking at setting up projects in Malaysia and West Asia apart from India. The company also had a plan to double its hospital bed inventory to about 4,000 in the next few years. In 2012, Manipal Health Enterprises had secured a funding of $180 million (Rs 970 crore on Friday) from IVFA.
