Amit Munjal

Amit Munjal
Amit Munjal speaking at Annual Conference, 2017
Born Hisar, Haryana,India
Residence Los Angeles, California
Alma mater Indiana University; Harvard Business School; CFA Institute, Virginia
Occupation
  • Entrepreneur
  • Investment Banker
  • Management Speaker
  • Philanthropist
  • Founder & Mentor
Years active 1998–present
Title CEO of Doctor Insta, Ex-CFO of Citi Holdings
Website www.doctorinsta.com

Amit Munjal is an Indian American entrepreneur, investment banker, philanthropist, author and management speaker.[1][2] In 2015, he stepped down from his position of CFO and head of investments of Citi Holdings to found Doctor Insta, a virtual healthcare company[3] to provide on-demand, remote medical care from Doctors to Patients via mobile devices, the internet, video and phone.[4][5][6] He is a serial entrepreneur and has founded companies including Incubation Center- dYsruptor Labs, Bi-Continental Venture Capital Firm- BrahmaX Ventures, and others.[7]

Early life and education

Born in Hisar, Haryana, Munjal maintained stellar academic & extra-curricular credentials while growing up. He graduated from Kurukshetra University in High Honors with Bachelors & a master's degree in Business & Finance. In 1999, he moved to the United States and joined Kelley School of Business, Indiana University Bloomington to pursue MBA in Finance[8]. Munjal completed his advanced management certification from Harvard Business School in 2005 and CFA Charter in 2006 from CFA Institute, Charlottesville, VA.[9] Munjal's personal role models are: Bill Gates and Mother Teresa[10]

Career

Munjal started his career as Venture Capital Associate and then joined Randstad Holdings as Manager of Corporate Development in 2003 where he worked at Mergers & Acquisitions across US, Europe & Asia. During 2005 to 2006, he worked in Management Consulting with Deloitte Consulting.[11] During 2006 and 2014, Amit Munjal served different roles at Bank of America Merrill Lynch. In 2014, Munjal was named as CFO & Head of Investments/Divestments for Citi Holdings where he managed over US$150 Billion and 6,000 employees. During his tenure with Citi Holdings, he worked on several investments and divestment projects.[12] In 2015, he founded a Venture Capital Firm, BrahmaX Ventures, and raised over $50 Million to provide seed to early stage capital to Start-Ups. He also established a health technology company, Doctor Insta, to provide virtual health services in developing countries similar to Teladoc in United States.[13][14][15] The company received $500,000 in seed capital from BrahmaX Ventures and HNIs, $6.5 million in Series A round from RoundGlass Partners and BrahmaX Ventures in 2016.[16][17]

He is a strong advocate of making Healthcare accessible to everyone especially in Developing Countries where Millions of lives are lost or shortened for want of primary healthcare services.[18][19]. He got this idea from a small accident that he had while vacationing at Hawaii where he personally used a similar service (As on that remote island, there were no Doctors available in close Vicinity) and realized the power of Virtual Healthcare[20]. To solve this problem, He started the Rural Virtual Healthcare Delivery thru Smartphones to Villagers who otherwise don't have access to quality Doctors in close vicinity[21] and launched "Buy One, Give One" Health Consult campaign whereby for every consult purchased on Doctor Insta Platform, One consult will be offered free of cost to the underprivileged segment of society who couldn't have afforded a Doctor's Consult[22]. Over 2 Million People use the services of Doctor Insta across corporate and retail business streams[23]. His Company, Doctor Insta, became the first company to aggregate all major Online & Offline Pharmacies on one Platform and in turn offer Customers high discounts on medicines[24]. Amit Munjal has been fairly successful in filling the healthcare gap in India which has one of the worst Doctor to Patient Ratios as Most Doctors don't want to live in remote locations or Villages[25].

Munjal regularly authors Op-eds and articles for different publications on Entrepreneurship, Increasing Productivity of Companies and Countries and on Improving Healthcare using Technology[26] [27][28][29][30] and is a Frequent Speaker on management, entrepreneurship, and Health-Tech on News Channels- Bloomberg Television, CNBC, NDTV, ET Now as well as at different Business Schools- Kelley School of Business, Harvard, UCLA, Georgia Tech and Management Development Institute and at different conferences and Microsoft Healthcare Summits.[31][32][33]

He also received “Knight of the Blind Award” from the Lions club.

References

  1. ↑ Mehta, Ivan (2017-09-07). "Doctor Insta's Health ATMs Will Give You Remote Checkups Anywhere". Huffington Post. Retrieved 2018-03-26.
  2. ↑ Dasgupta, Brinda (2017-10-03). "Give Your Team Enough Freedom: Amit Munjal, Founder, Doctor Insta". The Economic Times. Retrieved 2018-03-26.
  3. ↑ Basu, Sreeradha. "Startups going all out to retain key talent". economictimes.indiatimes.com. Retrieved 2018-04-24.
  4. ↑ Podcast, The Entrepreneur. "Chat with Amit Munjal, Founder & CEO, Doctor Insta. - The Entrepreneur Podcast Network". theasianentrepreneur.com. Retrieved 2018-03-26.
  5. ↑ "The Times Group". epaperbeta.timesofindia.com. Retrieved 2018-03-26.
  6. ↑ "Doctor Insta harnesses video to bring specialists into your home!". IndiaTech Online. Retrieved 2018-03-26.
  7. ↑ "Amit Munjal - Yo! Success". Yo! Success. 2016-07-11. Retrieved 2018-03-26.
  8. ↑ "Amit Munjal Bio". Doctor Insta. 2015-01-26. Retrieved 2015-03-26.
  9. ↑ "First in India: Doctor Insta Bringing New Innovation Health ATM and Insta Wall". Yo! Success. 2017-01-24. Retrieved 2018-03-26.
  10. ↑ http://content.timesjobs.com/leaders-talk-amit-munjal-ceofounder-doctor-insta-/articleshow/63692567.cms
  11. ↑ "Executive Profile". Bloomberg. Retrieved 2018-03-26.
  12. ↑ "Doctor Insta aims to disrupt healthcare with on-demand". Tech Circle. Retrieved 2018-03-26.
  13. ↑ Akhter, Shahid. "We are reducing the dependency of villagers on quacks : Amit Munjal". ET Healthworld. Retrieved 2018-03-26.
  14. ↑ "Doctor Insta planning world's largest virtual medical clinic". The Hindubusiness Line. Retrieved 2018-03-26.
  15. ↑ "Doctor Insta Becomes India's First Video Medicine Company". Channel Times. Retrieved 2018-03-26.
  16. ↑ Kulkarni, Narayan (2016-05-05). "Doctor Insta to raise $1 m". Deccan Herald. Retrieved 2018-03-26.
  17. ↑ "Exclusive interview with Amit Munjal". talkingposts.com. Retrieved 2018-03-26.
  18. ↑ "How Digital Penetration will Lead the Way to Increased Telemedicine Practice". Entrepreneur. Retrieved 2018-03-19.
  19. ↑ "We don't have enough Doctors". Business World. Retrieved 2017-06-14.
  20. ↑ "Doctor Insta: The Story so far". BTVi. Retrieved 2018-06-18.
  21. ↑ "Virtual Healthcare Is Helping HR In Increasing Employee's Productivity: Amit Munjal, CEO, Doctor Insta". Business World. Retrieved 2018-06-07.
  22. ↑ "Exclusive Interview: Amit Munjal, CEO Doctor Insta". HealthcareTimes. Retrieved 2017-04-03.
  23. ↑ "Doctor Insta is profitable at operational level: Amit Munjal". DNA Newspaper. Retrieved 2018-06-18.
  24. ↑ "Doctor Insta adds Medicine Purchase Feature on app". Economic Times. Retrieved 2018-08-17.
  25. ↑ "Telemedicine can become the response to the rising rural healthcare gap". My Mobile. Retrieved 2018-08-30.
  26. ↑ "Author Amit Munjal". inc42. Retrieved 2018-03-26.
  27. ↑ "8 step guide for startups". inc42. Retrieved 2018-03-26.
  28. ↑ "startup vs mnc". inc42. Retrieved 2016-02-03.
  29. ↑ "Author Amit Munjal". entrepreneur. Retrieved 2016-06-12.
  30. ↑ "BW Disrupt Author Amit Munjal". Business World. Retrieved 2017-06-14.
  31. ↑ "Doctor Insta announces world's 1st O4O service Model for India to enhance 'Customer Experience'". eHealth. Retrieved 2018-03-26.
  32. ↑ "People Matters Conference Speakers". techHR conference. Retrieved 2017-08-03.
  33. ↑ "How to become more productive at work". Entrepreneur Magazine. Retrieved 2017-09-28.
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