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<p><span ><strong>India Health Fund, </strong></span><strong>Tata Trusts</strong>, Mumbai</p><p><strong>Key person:</strong> Madhav Joshi, CEO</p><p><strong>Year of inception:</strong> 2017</p><div data-embed-button="ckeditor_image" data-entity-embed-display="view_mode:media.image" data-entity-type="media" data-entity-uuid="eae185dc-d2b0-4d70-94b5-5a0e7e69ce4a" data-langcode="en" class="embedded-entity"><article class="media media--type-ckeditor-image media--view-mode-image">
  
      
            <div class="field field--name-field-media-image field--type-image field--label-hidden field__item">  <div class="itgimage"><amp-img  src="https://akm-img-a-in.tosshub.com/indiatoday/styles/medium_crop_simple/public/2026-01/india-health-fund-2.jpg?VersionId=uBGu3NbL0r8XkGevJ0c0CO4LIqkxfFf4&size=750:*&size=750:*" alt = "" height="675" width="770" class="image-style-medium-crop-simple" layout="responsive"></amp-img></div>


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</div><p>From his office in Mumbai’s iconic Elphinstone Building, Madhav Joshi, CEO of India Health Fund (IHF), often reflects on the building’s quiet legacy. It was here that Ratan Tata spent his final working years as chairman emeritus of Tata Sons and chairman of Tata Trusts. It was also here, Joshi says, that Tata’s vision took institutional shape: that technology-led innovation could make a meaningful difference in healthcare delivery.</p><p>Founded in 2017 by Tata Trusts, IHF’s mission was ambitious—to eliminate infectious diseases and reduce public health risks in domains where private capital rarely ventures. And how was that to be achieved? By funding start-up technologies that diagnose faster, work more accurately and yet remain affordable.</p><p>The timing was critical. India had announced targets to eliminate tuberculosis by 2025, malaria by 2027, and sharply reduce maternal and child mortality. “Innovation based on science and technology was identified as a potential disruptor,” Joshi says, one that could help public programmes close the gap between policy and outcomes. When he joined IHF in 2020, the challenge felt immediate—sharpened further by COVID-19, which brought into focus how innovation could transform diagnosis and treatment.</p><div data-embed-button="ckeditor_image" data-entity-embed-display="view_mode:media.image" data-entity-type="media" data-entity-uuid="f941d8e3-bd03-4a00-8cca-0713a55c887f" data-langcode="en" class="embedded-entity"><article class="media media--type-ckeditor-image media--view-mode-image">
  
      
            <div class="field field--name-field-media-image field--type-image field--label-hidden field__item">  <div class="itgimage"><amp-img  src="https://akm-img-a-in.tosshub.com/indiatoday/styles/medium_crop_simple/public/2026-01/india-health-fund-3.jpg?VersionId=k2CrGi27EIRkqLUk.1hzjrh_sDoRgBtp&size=750:*&size=750:*" alt = "" height="957" width="770" class="image-style-medium-crop-simple" layout="responsive"></amp-img></div>


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</div><p>Today, IHF positions itself as a rare global experiment: private philanthropic capital from a developing country backing solutions built in that country, for the developing world. While it began with TB and malaria, its remit has expanded to antimicrobial resistance, lung health, women’s health, besides the growing health impacts of climate change.</p><p>Its work is structured around three priorities: enabling earlier diagnosis and treatment through technology; compensating for limitations faced by healthcare workers; and deploying voice and capital to catalyse wider action. The challenge is only growing, given the shift in disease patterns. Mosquitoes, for instance, are moving into regions previously untouched. The Himalayan belt is a good example, Joshi says, where massive outbreaks of dengue have led to high mortality due to a lack of immunity. So, climate-sensitive and waterborne diseases now sit squarely within IHF’s focus.</p><p>For investments in digital technologies, it has zeroed in on three core areas: diagnostics, clinical decision support and disease surveillance, working closely with institutions such as the Brihanmumbai Municipal Corporation, National Health Mission, ICMR, AIIMS and the World Health Organization. Solutions are selected through a structured pipeline and subjected to a four-level evaluation.</p><p>The portfolio reflects that rigour. IHF-backed Qure.ai’s qXR is an AI-powered tool that uses a smartphone to read chest X-rays for TB within minutes. So far, it has screened over 120,000 people across 128 sites in India. TrakItNow’s Moskeet, a smart device, identifies and traps disease-carrying mosquitoes. Other investments include Medprime’s AI tools for faster, cost-effective malaria diagnosis and Hemex Health’s handheld Gazelle, now used in 27 countries for detecting sickle cell disease. Molbio’s battery-operated TrueNat enables TB testing within 90 minutes, while Huwel Lifesciences’ Quantiplus is India’s first ICMR-recommended open RT-PCR solution. In a country with an acute shortage of radiologists, such gains are proving to be transformative.</p><div id="lrcmtcont"></div><div class="end_story">- Ends</div><div class="dottedimg"></div><div class="authors__container"><div class="authors__by"><div class="authlable">Published By: </div><div class="authdetaisl">Shyam Balasubramanian</div></div><div class="published__on"><div class="authlable">Published On: </div><div class="authdetaisl">Jan 24, 2026 21:19 IST</div></div></div><div id="tab-link-wrapper-plugin"><div id="tab-video-wrapper-plugin"><div class="end_story_embed_label">Must Watch</div><amp-iframe height="365" title="" width="648" layout="responsive" sandbox="allow-forms allow-scripts allow-same-origin allow-popups allow-top-navigation allow-top-navigation-by-user-activation" allowfullscreen src="https://embed.indiatoday.tech/share/video/india/video/Mjg1NDAwMA==?native=1" class="mrBt15"> </amp-iframe> </iframe></div></div>

Gems of India | Republic Day Special

<p><span style="color:#c0392b;"><strong>India Health Fund, </strong></span><strong>Tata Trusts</strong>, Mumbai</p><p><strong>Key person:</strong> Madhav Joshi, CEO</p><p><strong>Year of inception:</strong> 2017</p><div data-embed-button="ckeditor_image" data-entity-embed-display="view_mode:media.image" data-entity-type="media" data-entity-uuid="eae185dc-d2b0-4d70-94b5-5a0e7e69ce4a" data-langcode="en" class="embedded-entity"><article class="media media--type-ckeditor-image media--view-mode-image">
  
      
            <div class="field field--name-field-media-image field--type-image field--label-hidden field__item">  <div class="itgimage"><img  height="675"  title=""  width="770"  class="image-style-medium-crop-simple" alt="" src="https://akm-img-a-in.tosshub.com/indiatoday/styles/medium_crop_simple/public/2026-01/india-health-fund-2.jpg?VersionId=uBGu3NbL0r8XkGevJ0c0CO4LIqkxfFf4&size=750:*" loading="lazy" /></div>


</div>
      
  </article>
</div><p>From his office in Mumbai’s iconic Elphinstone Building, Madhav Joshi, CEO of India Health Fund (IHF), often reflects on the building’s quiet legacy. It was here that Ratan Tata spent his final working years as chairman emeritus of Tata Sons and chairman of Tata Trusts. It was also here, Joshi says, that Tata’s vision took institutional shape: that technology-led innovation could make a meaningful difference in healthcare delivery.</p><p>Founded in 2017 by Tata Trusts, IHF’s mission was ambitious—to eliminate infectious diseases and reduce public health risks in domains where private capital rarely ventures. And how was that to be achieved? By funding start-up technologies that diagnose faster, work more accurately and yet remain affordable.</p><p>The timing was critical. India had announced targets to eliminate tuberculosis by 2025, malaria by 2027, and sharply reduce maternal and child mortality. “Innovation based on science and technology was identified as a potential disruptor,” Joshi says, one that could help public programmes close the gap between policy and outcomes. When he joined IHF in 2020, the challenge felt immediate—sharpened further by COVID-19, which brought into focus how innovation could transform diagnosis and treatment.</p><div data-embed-button="ckeditor_image" data-entity-embed-display="view_mode:media.image" data-entity-type="media" data-entity-uuid="f941d8e3-bd03-4a00-8cca-0713a55c887f" data-langcode="en" class="embedded-entity"><article class="media media--type-ckeditor-image media--view-mode-image">
  
      
            <div class="field field--name-field-media-image field--type-image field--label-hidden field__item">  <div class="itgimage"><img  height="957"  title=""  width="770"  class="image-style-medium-crop-simple" alt="" src="https://akm-img-a-in.tosshub.com/indiatoday/styles/medium_crop_simple/public/2026-01/india-health-fund-3.jpg?VersionId=k2CrGi27EIRkqLUk.1hzjrh_sDoRgBtp&size=750:*" loading="lazy" /></div>


</div>
      
  </article>
</div><p>Today, IHF positions itself as a rare global experiment: private philanthropic capital from a developing country backing solutions built in that country, for the developing world. While it began with TB and malaria, its remit has expanded to antimicrobial resistance, lung health, women’s health, besides the growing health impacts of climate change.</p><p>Its work is structured around three priorities: enabling earlier diagnosis and treatment through technology; compensating for limitations faced by healthcare workers; and deploying voice and capital to catalyse wider action. The challenge is only growing, given the shift in disease patterns. Mosquitoes, for instance, are moving into regions previously untouched. The Himalayan belt is a good example, Joshi says, where massive outbreaks of dengue have led to high mortality due to a lack of immunity. So, climate-sensitive and waterborne diseases now sit squarely within IHF’s focus.</p><p>For investments in digital technologies, it has zeroed in on three core areas: diagnostics, clinical decision support and disease surveillance, working closely with institutions such as the Brihanmumbai Municipal Corporation, National Health Mission, ICMR, AIIMS and the World Health Organization. Solutions are selected through a structured pipeline and subjected to a four-level evaluation.</p><p>The portfolio reflects that rigour. IHF-backed Qure.ai’s qXR is an AI-powered tool that uses a smartphone to read chest X-rays for TB within minutes. So far, it has screened over 120,000 people across 128 sites in India. TrakItNow’s Moskeet, a smart device, identifies and traps disease-carrying mosquitoes. Other investments include Medprime’s AI tools for faster, cost-effective malaria diagnosis and Hemex Health’s handheld Gazelle, now used in 27 countries for detecting sickle cell disease. Molbio’s battery-operated TrueNat enables TB testing within 90 minutes, while Huwel Lifesciences’ Quantiplus is India’s first ICMR-recommended open RT-PCR solution. In a country with an acute shortage of radiologists, such gains are proving to be transformative.</p><div id="lrcmtcont"></div><div class="end_story">- Ends</div><div class="dottedimg"></div><div class="authors__container"><div class="authors__by"><div class="authlable">Published By: </div><div class="authdetaisl">Shyam Balasubramanian</div></div><div class="published__on"><div class="authlable">Published On: </div><div class="authdetaisl">Jan 24, 2026 21:19 IST</div></div></div><div id="tab-link-wrapper-plugin"><div id="tab-video-wrapper-plugin"><div class ='end_story_embed_label'>Must Watch</div><iframe  height="365"  title=""  width="648"  layout="responsive" sandbox="allow-scripts allow-same-origin allow-popups allow-top-navigation allow-top-navigation-by-user-activation" allowfullscreen scrolling="no" src="https://embed.indiatoday.tech/share/video/india/video/Mjg1NDAwMA==" loading="lazy" class="multy-video-iframe" > </iframe></div></div>

AI diagnostics, clinical decisions, disease surveillance—IHF is backing tech start-ups to reimagine public healthcare around India's lived realities

India Today

Reducing the disease burden | India Health Fund, Tata Trusts - India Today

Reducing the disease burden | India Health Fund, Tata Trusts

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Reducing the disease burden | India Health Fund, Tata Trusts

AI diagnostics, clinical decisions, disease surveillance—IHF is backing tech start-ups to reimagine public healthcare around India's lived realities

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