"At the request of the board, Singh has agreed to continue in his current capacity till such time his succession planning is crystallised," it said.
Fortis said Singh led the company for the past three and a half years including during the past two years when the company went through a period of high turbulence.
Fortis Healthcare had reported a larger net loss during the quarter ended September due to impairment of "goodwill and investments".
Its net loss for the period under review increased to Rs 142 crore from a net loss of Rs 23.61 crore in the corresponding period of the previous fiscal.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)