The Indian healthcare industry faces risks from rising costs and out-of-pocket expenses, significant staffing shortages and high staff turnover, inadequate and unevenly distributed infrastructure, and a growing burden of non-communicable diseases. Occasional pandemic type diseases also push the industry to the brink on various fronts. Economic challenges include insufficient government spending, strained resources, and increased financial pressure on hospitals from lower insurance reimbursement rates, all exacerbated by a lack of robust preventative care focus and research.
Our Company bears significant responsibility toward the environment, society, and the nation at large in delivering excellent and cost friendly services. While healthcare sector is inherently dynamic, facing heightened volatility, business disruptions, regulatory uncertainties, and rapid changes in technology and treatment methods, the growing percentage of non-communicable or lifestyle diseases and growing urban population puts undue stress on the health infrastructure. Given this landscape, it is imperative for our Company to proactively identify, assess, and mitigate potential risks to ensure continuity, operational stability, and sustainable growth.
Effective risk management is, therefore, an essential component of the Company’s overall governance and management framework. This policy aims to institutionalise a structured and systematic approach to risk identification and mitigation across all levels of the organisation. It ensures that potential threats are managed prudently to protect stakeholders’ interests and uphold the hospital’s mission of delivering precise, high-quality medical care and personalized patient attention.
This Risk Management Policy is formulated in compliance with the provisions of Section 134(3)(n) of the Companies Act, 2013 and reflects the Company’s commitment to maintaining a robust internal control environment and a resilient business model.
This policy, known as Risk Management Policy, is adopted by the Board of Directors of the Company on 04th April, 2025.
Risk can be defined as the possible threats and challenges that may
For the purpose of this policy, the risks that the Company may face can be classified under the following heads:
This Policy lays down a framework of appropriate risk management and mitigation process commensurate with the scale and nature of business of the Company.
The Company shall ensure that the risk management framework is implemented and risks identified and the mitigation measures along with the responsibility for effective implementation and monitoring thereof, is undertaken periodically.
This risk management framework will be periodically reviewed by the Company’s management for adequacy and utility. The actions pertaining to mitigation measures would be monitored on an on-going basis, including the Company’s key risk exposure and effective management in addressing these risks in a timely manner, covering both one-time initiatives and continuous activities such as business continuity planning, disaster recovery planning, and testing.
While Board is responsible for framing and monitoring of the Risk Management Policy and the Company’s Senior Management shall be responsible for implementation of the risk management framework.
The Board of Directors shall review various risk faced and assess whether the Company can mitigate those risks by taking adequate steps once in a year or as and when it is of the opinion that a new risk is faced.
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