CitiusTech is a global

health information technology Health information technology (HIT) is health technology, particularly information technology, applied to health and health care. It supports health information management across computerized systems and the health information exchange, secure ex ...

company based in Mumbai, India. The company provides services such as

data management Data management comprises all disciplines related to handling data as a valuable resource. Concept The concept of data management arose in the 1980s as technology moved from sequential processing (first punched cards, then magnetic tape) to r ...

, consulting, digital engineering, and

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...

to health and healthcare companies.

History

CitiusTech was founded by Rizwan Koita, Jagdish Moorjani, and Bimal R. Naik in 2005. The founders met while studying at the Indian Institute of Technology Bombay (IIT-B). Prior to founding CitiusTech, Koita and Moorjani founded the BPO company TransWorks in 1999, which they sold to the Aditya Birla Group in 2003. CitiusTech received

Red Herring A red herring is a figurative expression referring to a logical fallacy in which a clue or piece of information is or is intended to be misleading, or distracting from the actual question. Red herring may also refer to: Animals * Red herring (fis ...

’s Technology Award in 2011. For his work with CitiusTech, Koita received the 2013

Ernst & Young Entrepreneur of the Year Award The EY Entrepreneur of the Year Awards previously Ernst & Young Entrepreneur of the Year Awards is an award sponsored by Ernst & Young in recognition of entrepreneurship. Founded in 1986 in Milwaukee as a single award, as of 2016 twenty-five pro ...

. In 2014, American growth equity firm General Atlantic purchase a 26% stake in CitiusTech. CitiusTech was featured in Forbes India as one of the publication’s "Hidden Gems" in 2014. CitiusTech collaborated with the

Indian Institutes of Technology The Indian Institutes of Technology (IITs) are central government owned public technical institutes located across India. They are under the ownership of the Ministry of Education of the Government of India. They are governed by the Instit ...

’s SINE (Society for Innovation and Entrepreneurship) to establish the Healthcare Innovation Fund in 2016. Pat Fry, former President and CEO of Sutter Health, joined CitiusTech’s board of directors in 2020. CitiusTech also partnered with Tata Memorial Hospital to provide PICC lines (Percutaneous Intravenous Central Catheters) to children being treated for cancer in 2018. CitiusTech also partnered with Sentara Healthcare to deploy the company’s enterprise data platform through

Microsoft Azure Microsoft Azure, often referred to as Azure ( , ), is a cloud computing platform operated by Microsoft for application management via around the world-distributed data centers. Microsoft Azure has multiple capabilities such as software as a ...

. In 2019, General Atlantic exited CitiusTech, announcing plans to sell its stake in the company. Baring Private Equity Asia also signed an agreement to acquire CitiusTech from Koita and Moorjani in 2019. In 2020, CitiusTech partnered with

Google Cloud Google Cloud Platform offers numerous integrated cloud-computing services, including compute, network, and storage. Products Past and present products under the Google Cloud platform include: Current * Google Cloud Datastore, a NoSQL databa ...

to provide digital solutions for medical companies through GCP (

Google Cloud Platform Google Cloud Platform (GCP), offered by Google, is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search, Gmail, Google Drive, and YouTube. Alongside ...

). The company acquired a majority stake in strategic consulting company ''FluidEdge Consulting'' in 2020. CitiusTech acquired Pittsburgh-based technology company SDLC Partners in 2021. Bhaskar Sambasivian was also appointed CEO of CitiusTech after Koita stepped down as CEO in 2021. Atul Soneja, the company’s former Global Technology Leader, was appointed President of Operations in the same year. Baring Private Equity Asia announced it was selling its 40% stake in CitiusTech in 2022, companies such as Bain Capital,

Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

, and

Fujitsu is a Japanese multinational information and communications technology equipment and services corporation, established in 1935 and headquartered in Tokyo. Fujitsu is the world's sixth-largest IT services provider by annual revenue, and the la ...

expressed their interest, with Bain Capital considered the frontrunner in acquiring the stake. Bain Capital eventually acquired the stake, joining CitiusTech as a strategic partner.

Birla Institute of Technology and Science Birla Institute of Technology & Science, Pilani (BITS Pilani) is a Deemed university in Pilani, Jhunjhunu, India. It focuses primarily on higher education and research in engineering and sciences. After expansion to a campus in Dubai, it has b ...

(BITS) Pilani partnered with CitiusTech to provide training for CitiusTech’s technology professionals.

Awards

CitiusTech received the Golden Stevie Award for Most Innovative Tech Company at the American Business Awards in 2015. CitiusTech has been named one of the best workplaces in India by Great Places to Work from 2012-2020. It was also named to Healthcare Informatics’ HCI 100 list from 2016-2018.

References

{{reflist Technology companies of India Companies based in Mumbai