DocMode Health Technologies Ltd. Company Profile

Background

DocMode Health Technologies Ltd., established on July 17, 2017, is a Mumbai-based company specializing in integrated learning solutions for healthcare professionals worldwide. The company's mission is to provide authoritative, comprehensive, and interactive learning programs for health professionals, including doctors, nurses, allied health workers, and medical students. DocMode aims to become an integral part of healthcare professionals' daily routines by offering essential resources for their learning and practice.

Key Strategic Focus

DocMode's strategic focus encompasses:

• Comprehensive Learning Modules: Offering both online and offline learning models, including conferences, workshops, and courses developed by the company's content development team or in collaboration with medical institutions and associations.

• Global Affiliations: Partnering with over 35 medical associations and universities worldwide to provide a diverse range of 87 certificate programs.

• Performance Assessment Tools: Providing tools to help healthcare professionals improve their clinical acumen in daily medical practice.

Financials and Funding

DocMode has demonstrated significant financial growth:

• Revenue Growth: Between the financial years ending March 31, 2022, and March 31, 2023, the company's revenue increased by 165.12%, from ₹12.42 crore to ₹32.88 crore.

• Profit After Tax (PAT): During the same period, PAT rose by 111.3%, from ₹0.92 crore to ₹1.95 crore.

• Initial Public Offering (IPO): DocMode launched its IPO on January 25, 2024, closing on January 30, 2024. The issue price was ₹79 per share, with a total issue size of ₹6.71 crore. The IPO was oversubscribed 215.24 times, indicating strong investor interest.

Technological Platform and Innovation

DocMode distinguishes itself through:

• Integrated Learning Solutions: Combining online and offline learning models to cater to diverse learning preferences.

• Collaborative Content Development: Partnering with medical institutions and associations to develop courses, ensuring content relevance and credibility.

• Performance Assessment Tools: Offering tools that enable healthcare professionals to assess and enhance their clinical skills.

Leadership Team

The leadership team comprises:

• Paulson Paul Thazhathedath: Promoter and key executive, instrumental in the company's strategic direction.

• Hans Albert Lewis: Promoter and key executive, contributing significantly to the company's growth and partnerships.

• Reshma Susan Thomas: Board member, providing governance and oversight.

• Monina Elizabeth Lewis: Board member, contributing to strategic decisions.

• Hiral Rushang Gandhi: Board member, offering expertise in financial management.

• Sujit Nityanand Chakraborty: Board member, providing insights into operational excellence.

• Nilay Shivnarayan Sharma: Board member, focusing on technological advancements.

• Krushang Shah: Board member, overseeing compliance and legal matters.

Competitor Profile

Market Insights and Dynamics:

The healthcare education sector is experiencing rapid growth, driven by the increasing need for continuous professional development among healthcare professionals. The integration of technology in education has further accelerated this growth, offering flexible and accessible learning solutions.

Competitor Analysis:

• Zenith Drugs Ltd.: While primarily a pharmaceutical company, Zenith Drugs has ventured into healthcare education, offering training programs for healthcare professionals. Their IPO in February 2024 raised ₹40.68 crore, indicating substantial market interest.

• Other Competitors: The market includes various other players offering online and offline healthcare education solutions, each striving to capture a share of this expanding market.

Strategic Collaborations and Partnerships

DocMode has established significant collaborations to enhance its offerings:

• Medical Associations and Universities: Partnering with over 35 institutions globally to develop and deliver 87 certificate programs.

• Healthcare Organizations: Collaborating with private and government healthcare delivery organizations, as well as medico-marketing organizations, to provide sponsored courses and training programs.

Operational Insights

DocMode's strategic considerations include:

• Market Positioning: Establishing itself as a comprehensive learning platform for healthcare professionals, differentiating through integrated learning solutions and global partnerships.

• Competitive Advantages: Offering a diverse range of courses developed in collaboration with reputable institutions, ensuring content quality and relevance.

Strategic Opportunities and Future Directions

DocMode's strategic roadmap includes:

• Expansion of Course Offerings: Developing new courses to address emerging healthcare challenges and advancements.

• Technological Enhancements: Investing in IT infrastructure to improve the learning experience and platform scalability.

• Global Reach: Strengthening international partnerships to expand the company's footprint and attract a diverse learner base.

Contact Information

For more information, visit DocMode's official website.

Note: Specific contact details such as address, phone number, and email are not provided in this profile.