API Holdings, the parent company of online pharmacy PharmEasy, is strategically pivoting to a profit-first, debt-reduction model under CEO Rahul Guha, aiming for profitability and a debt-free balance sheet to pave the way for a future stock market listing. Illustration used for representative purpose only. API Holdings, PharmEasy's parent, has reduced its debt from Rs 1,800 crore to Rs 1,050 crore and refinanced it at a lower 11 per cent interest rate under CEO Rahul Guha.