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Press Release on Strategic AI Collaboration with AZMed
Krsnaa Diagnostics Ltd · 543328
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Krsnaa Diagnostics Ltd has announced a strategic AI collaboration with AZmed, a globally recognised medical imaging company, to evaluate AZmed's AI solution for radiology operations, enhance reporting efficiency and build capacity for future growth.
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Krsnaa Diagnostics Ltd - 543328 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: October 22, 2026
Ref. No.: KDL/SE/059/2026-27
To, To,
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G,
25th Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East)
Dalal Street, Mumbai- 400001 Mumbai – 400051
Scrip Code: 543328 NSE Symbol: KRSNAA
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Press Release on strategic AI collaboration with AZmed
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 read with Part A of Schedule III thereto, please find enclosed herewith the press release of Krsnaa
Diagnostics Limited (“the Company”) titled “Krsnaa Diagnostics Announces Strategic AI Collaboration
with Global Radiology AI Innovator AZmed, Creating a Platform for Greater Reporting Efficiency and
Scalable Growth”.
The said press release is also being made available on the website of the Company at
https://krsnaadiagnostics.com/investors/
You are requested to take the above on record.
Thanking you
Yours faithfully,
For Krsnaa Diagnostics Limited
Sujoy Sudipta Bose
Company Secretary and Compliance Officer
PRESS RELEASE
Krsnaa Diagnostics Announces Strategic AI Collaboration with Global Radiology AI Innovator AZmed,
Creating a Platform for Greater Reporting Efficiency and Scalable Growth
Krsnaa Diagnostics Limited, one of India’s leading diagnostic service providers, today announced a
collaboration with AZmed, a globally recognised medical imaging company specialising in artificial
intelligence (AI) solutions for radiology. The collaboration will evaluate AZmed’s AZtrauma solution,
part of its Rayvolve AI suite, for the detection and triage of fractures, joint effusions, and dislocations
on X-rays.
The collaboration marks an important step in Krsnaa Diagnostics’ strategy to leverage advanced AI
technologies that can strengthen its radiology operations, enhance reporting efficiency and build
capacity for future growth. With one of India’s largest X-ray reporting operations, processing more than
5 million X-rays annually, Krsnaa is well positioned to evaluate the potential of AI-assisted radiology at
scale.
By exploring the integration of globally developed AI capabilities into its extensive diagnostic network,
Krsnaa aims to create opportunities for improved operational productivity, greater utilisation of
radiologist capacity and enhanced scalability as diagnostic volumes grow. Over time, these efficiencies
could provide additional headroom to support business expansion and contribute to unlock operating
leverage, subject to successful evaluation, regulatory approvals and implementation.
Where scale meets innovation
Krsnaa Diagnostics delivers diagnostic imaging, pathology and teleradiology services across 19 states
and union territories through 190+ CT and MRI centres, 2,000+ X-ray centres, 212 pathology
laboratories and more than 4,700 patient collection centres. Its PPP-led model delivers services at rates
over 70% below prevailing market rates, bringing quality diagnostics to millions of patients in tier II and
tier III cities. Krsnaa also operates World’s first American College of Radiology (ACR)-recognised
Teleradiology HUB outside US Borders in Pune, which provides round-the-clock reporting to
government hospitals, medical colleges and community health centres nationwide.
AZmed is considered to be amongst the most recognised names in radiology AI worldwide. Founded in
Paris in 2018, the company’s Rayvolve solution became the first AI software to receive CE marking for
fracture detection on X-rays in 2019, and AZmed has since secured multiple 510(k) clearances from the
US Food and Drug Administration (FDA). Its technology has analysed more than 15 million medical
images globally.
Leadership Perspectives
“Healthcare AI presents a significant opportunity to transform the future of diagnostic services. By
integrating advanced AI technologies into our high-volume radiology operations, we aim to unlock
operating leverage, enhance productivity, expand reporting capacity and build a more scalable
operating model enabling Krsnaa to serve more patients with best-in-class technology at highly
affordable prices.” said Mr. Yash Mutha, Managing Director, Krsnaa Diagnostics Limited.
“With approximately 5 million X-rays reported every year, Krsnaa has the scale and operational
experience to evaluate how AI-assisted radiology can contribute to more efficient workflows. Our
collaboration with AZmed allows us to explore the potential of globally developed technology within
the Indian healthcare ecosystem, while maintaining the central role of our radiologists in clinical
decision-making,” Dr. Madhuri Ghate, Vice President - Radiology, Krsnaa Diagnostics Limited.
Julien Vidal, CEO of AZmed, said, “India represents a significant opportunity for the advancement of AI-
enabled radiology. Krsnaa Diagnostics’ extensive reach and reporting capabilities make it a valuable
partner for bringing our leading AI solutions for medical imaging into high-volume diagnostic workflows.
We look forward to working together to support radiologists, improve workflow efficiency, and advance
diagnostic imaging practices.”
About Krsnaa Diagnostics Limited
Krsnaa Diagnostics Limited is one of India’s leading diagnostic service providers, delivering radiology,
pathology and teleradiology services through a broad network of diagnostic facilities. The company has
a significant presence in public-private partnership healthcare models, supporting access to diagnostic
services across urban, semi-urban and underserved markets. Krsnaa continues to explore technology-
led opportunities to strengthen diagnostic delivery, operational efficiency and access to quality
healthcare.
About AZmed
Founded in 2018, AZmed is a European MedTech company developing AI solutions for medical imaging.
Its Rayvolve AI suite includes FDA-cleared and CE-marked tools, while its Rayscan line is CE-marked.
Used by more than 2,500 healthcare facilities worldwide, AZmed’s solutions are designed to support
diagnostic consistency and operational efficiency in medical imaging.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements regarding the
collaboration, the evaluation of AI-assisted reporting and its potential benefits. Such statements are
based on the Company’s current expectations and are subject to risks and uncertainties, including the
outcome of the evaluation, receipt of regulatory approvals, contractual and data-related requirements,
technological performance and market conditions, which could cause actual results to differ materially
from those expressed or implied.