Healthindia Insurance Tpa Services Private Limited

Provides health insurance services and outsourcing programs to insurance companies nationwide.

1997 | Mumbai, Maharashtra (India) | Active
Last Updated: January 28, 2025

Healthindia Insurance Tpa Services Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.17 Cr
  • Company Age 28 Year, 1 Day
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 41.23 Cr
  • Satisfied Charges ₹ 119.99 Cr
  • Revenue Growth -18.88%
  • Profit Growth -552.48%
  • Ebitda -115.79%
  • Net Worth -85.28%
  • Total Assets -11.80%

About Healthindia Insurance Tpa Services

Healthindia Insurance Tpa Services Private Limited (HITSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 February 1997 and has a history of 28 years. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Health India Tpa Insurance Services Private Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.17 Cr.

The company currently has active open charges totaling ₹41.23 Cr. The company has closed loans amounting to ₹119.99 Cr, as per Ministry of Corporate Affairs (MCA) records.

Mitul Vora, Khemchand Tekchandani, Narendrakumar Sharma, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    healthindiatpa.com

  • Social Media
    -
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U67200MH1997PTC105960

  • Company No.

    105960

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Feb 1997

  • Date of AGM

    25 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

What products or services does Healthindia Insurance Tpa Services Private Limited offer?

Healthindia Insurance Tpa Services Private Limited offers a wide range of products and services, including Sexual Wellness Products, Contraceptives, Brain & Nervous System Drugs, Antidepressant & Anti Anxiety Medicines, Common Disease Medicines, Injectable Products, Pharmaceutical Tablets, Anti Infective Drugs & Medicines, Anti Allergic Drug.

Who are the key members and board of directors at Healthindia Insurance Tpa Services?

Executive Team (1)

NameDesignationAppointment DateStatus
Mugdha Samant Country flag representing In Managing Director17-Apr-2019Current

Board Members (4)

NameDesignationAppointment DateStatus
Mitul Vora Country flag representing In Whole-Time Director 21-Jul-2006Current
Khemchand Tekchandani Country flag representing In Director 01-Apr-2022Current
Narendrakumar Sharma Country flag representing In Director 06-Feb-2019Current
Amin Badhra Country flag representing In Director 20-Sep-2019Current

Financial Performance of Healthindia Insurance Tpa Services.

Healthindia Insurance Tpa Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 18.88% decrease. The company also saw a substantial fall in profitability, with a 552.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 85.28%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-18.88%
Revenue from Operations
-18.45%
Total Assets
-11.80%
Profit or Loss
-552.48%
Net Worth
-85.28%
EBITDA
-115.79%

What is the Ownership and Shareholding Structure of Healthindia Insurance Tpa Services?

In 2022, Healthindia Insurance Tpa Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹41.23 Cr

Satisfied Charges

₹119.99 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 40.00 Cr
  • Others : 0.75 Cr
  • Axis Bank Limited : 0.48 Cr

Latest Charge Details

DateLenderAmountStatus
30 Nov 2020Others₹1.49 MOpen
17 Nov 2020Hdfc Bank Limited₹40.00 CrOpen
31 Oct 2020Others₹1.87 MOpen
25 Sep 2020Others₹4.15 MOpen
02 Dec 2019Axis Bank Limited₹4.80 MOpen

How Many Employees Work at Healthindia Insurance Tpa Services?

Healthindia Insurance Tpa Services has a workforce of 780 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Healthindia Insurance Tpa Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Healthindia Insurance Tpa Services's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Healthindia Insurance Tpa Services

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 40.00 Cr registered on 17 Nov 2020 with Charge ID 100401373 was modified on 29 Feb 2024.

    29 Feb 2024

  • Charges

    A charge registered on 27 Mar 2019 via Charge ID 100259622 with Others was fully satisfied on 21 Nov 2023.

    21 Nov 2023

  • Annual General Meeting

    Healthindia Insurance Tpa Services Private Limited last Annual general meeting of members was held on 25 Jul 2023 as per latest MCA records.

    25 Jul 2023

  • Balance Sheet

    Healthindia Insurance Tpa Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge registered on 19 Nov 2016 via Charge ID 100067553 with Hdfc Bank Limited was fully satisfied on 12 Dec 2022.

    12 Dec 2022

  • Charges

    A charge registered on 18 Nov 2016 via Charge ID 100067554 with Hdfc Bank Limited was fully satisfied on 12 Dec 2022.

    12 Dec 2022

Frequently asked questions

  • Healthindia Insurance Tpa Services Private Limited was incorporated on 19 Feb 1997.

  • The authorized share capital of Healthindia Insurance Tpa Services Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.17 Cr.

  • Currently 5 directors are associated with Healthindia Insurance Tpa Services Private Limited.

    • Mitul Jayant Vora
    • Khemchand Gobindram Tekchandani
    • Narendrakumar M Sharma
    • Mugdha Milind Samant
    • Amin Yasin Badhra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Healthindia Insurance Tpa Services Private Limited is 1114 Raheja Centre, Free Press House Journal Marg Nariman Point India, Mumbai, Maharashtra, 400021.

  • The corporate identification number (CIN) of Healthindia Insurance Tpa Services Private Limited is U67200MH1997PTC105960 and the company number is 105960 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Healthindia Insurance Tpa Services Private Limited is https://www.healthindiatpa.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Healthindia Insurance Tpa Services Private Limited has fallen by -18.88%.

  • As Per 2023 financial reports, 780 employees are currently employed by Healthindia Insurance Tpa Services Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Healthindia Insurance Tpa Services Private Limited has experienced an downturn of -85.28%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Healthindia Insurance Tpa Services Private Limited amount to ₹ 41.23 Cr.

  • The most recent Balance Sheet for Healthindia Insurance Tpa Services Private Limited was filed with the ROC on 31 Mar 2023.

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