Medi Assist Insurance Tpa Profile
Key Indicators
- Authorised Capital ₹ 12.02 Cr
- Paid Up Capital ₹ 4.01 Cr
- Company Age 25 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 224.00 Cr
- Satisfied Charges ₹ 250.00 Cr
- Revenue Growth 26.44%
- Profit Growth 68.97%
- Ebitda 48.73%
- Net Worth 20.84%
- Total Assets 11.75%
About Medi Assist Insurance Tpa
Medi Assist Insurance Tpa Private Limited (MAITPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 September 1999 and has a history of 25 years and six months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Medi Assist Insurance Tpa 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 2024. It's a company limited by shares with an authorized capital of Rs 12.02 Cr and a paid-up capital of Rs 4.01 Cr.
The company currently has active open charges totaling ₹224.00 Cr. The company has closed loans amounting to ₹250.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Medi Assist Insurance Tpa Private Limited India is Suchitra Krishnakumar as COMPANY SECRETARY. Nikhil Chopra, Srimathi Ranganathan, Satish Gidugu, and Two other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U85199KA1999PTC025676
- Company No.
025676
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Sep 1999
- Date of AGM
13 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
What products or services does Medi Assist Insurance Tpa Private Limited offer?
Medi Assist Insurance Tpa Private Limited offers a wide range of products and services, including Insurance Service, Health Insurance, Business Insurances, Professional Liability Insurance, Health Care Service, Insurance Agents and Services.
Who are the key members and board of directors at Medi Assist Insurance Tpa?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Suchitra Krishnakumar  | Company Secretary | 03-Sep-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Srimathi Ranganathan | Director | 01-Apr-2019 | Current |
| Satish Gidugu | Director | 25-Jul-2014 | Current |
| Vikram Chhatwal | Director | 11-May-2006 | Current |
| Nikhil Chopra | Whole-Time Director | 01-Mar-2021 | Current |
| Himani Kapadia | Director | 03-Mar-2021 | Current |
Financial Performance of Medi Assist Insurance Tpa.
Medi Assist Insurance Tpa Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 26.44% increase. The company also saw a substantial improvement in profitability, with a 68.97% increase in profit. The company's net worth Soared by an impressive increase of 20.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Medi Assist Insurance Tpa?
In 2023, Medi Assist Insurance Tpa had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Raksha Health Insurance Tpa Private LimitedNikhil Chopra is a mutual person
Medi Assist Healthcare Services LimitedSatish Gidugu, Vikram Chhatwal and 1 more are mutual person
Mayfair Consultancy Services India Private LimitedNikhil Chopra is a mutual person
- International Healthcare Management Services Private Limited
Nikhil Chopra is a mutual person
- Fresh Content Labs Limited Liability Par Tnership
Satish Gidugu is a mutual person
- Vsmm Consultants Private Limited
Vikram Chhatwal is a mutual person
Charges (Loans)
Open Charges
₹224.00 Cr
Satisfied Charges
₹250.00 Cr
Charges Breakdown by Lending Institutions
- Others : 220.00 Cr
- Hdfc Bank Limited : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2024 | Others | ₹220.00 Cr | Open |
| 23 Feb 2022 | Hdfc Bank Limited | ₹4.00 Cr | Open |
| 26 Dec 2019 | Hdfc Bank Limited | ₹30.00 Cr | Satisfied |
| 08 Feb 2017 | Others | ₹10.00 Cr | Satisfied |
| 17 Jan 2017 | Others | ₹60.00 Cr | Satisfied |
How Many Employees Work at Medi Assist Insurance Tpa?
Medi Assist Insurance Tpa has a workforce of 4074 employees as of Apr 09, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Medi Assist Insurance Tpa, 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 Medi Assist Insurance Tpa's trajectory.
Rating
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
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 Medi Assist Insurance Tpa
Recent activity within the organization
- Charges
A charge registered on 17 Jan 2017 via Charge ID 100072278 with Others was fully satisfied on 15 Jan 2025.
- Charges
A charge with Others amounted to Rs. 220.00 Cr with Charge ID 101035359 was registered on 30 Dec 2024.
- Annual General Meeting
Medi Assist Insurance Tpa Private Limited last Annual general meeting of members was held on 13 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 60.00 Cr registered on 17 Jan 2017 with Charge ID 100072278 was modified on 03 Sep 2024.
- Director Appointment
Suchitra Krishnakumar was appointed as a Company Secretary was appointed as a Company Secretary on 03 Sep 2024 & has been associated with this company since 6 months 25 days .
- Balance Sheet
Medi Assist Insurance Tpa Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Recent News, Updates & Announcement
- Medi Assist IPO Listing Date: 23rd Jan 2024, Grey Market Price at ₹40 - Here's Why.
When is Medi Assist IPO listing? 23rd January 2024. Grey market price for Medi Assist shares? ₹40, higher than weekend GMP of ₹36. Why is this happening? Strong response from investors and positive sentiment in the market. What does this mean? Grey market expects listing price to be 9.50% higher than IPO price band. Is grey market reliable? No, it's speculative and has nothing to do with company's financials. Stick to basics and check company's balance sheet for a better understanding..
- Medi Assist IPO GMP Today: Step By Step Guide To Check Allotment Status Online.
The much-anticipated Medi Assist Healthcare IPO is set to debut on the stock market. The book-built issue, valued at an impressive Rs 1,171.58 crores, is entirely an offer for sale of 2.8 crore shares. The IPO bidding process was started on January 15, 2024, and it was concluded on January 17, 2024..
Frequently asked questions
What is the Incorporation or founding date of Medi Assist Insurance Tpa Private Limited?
Medi Assist Insurance Tpa Private Limited was incorporated on 03 Sep 1999.
What is authorized share capital and paid-up capital of Medi Assist Insurance Tpa Private Limited?
The authorized share capital of Medi Assist Insurance Tpa Private Limited is ₹ 12.02 Cr and paid-up capital is ₹ 4.01 Cr.
Who are the current board members & directors of Medi Assist Insurance Tpa Private Limited?
Currently 6 directors are associated with Medi Assist Insurance Tpa Private Limited.
- Nikhil Chopra
- Suchitra Krishnakumar
- Srimathi Ranganathan
- Satish Venkata Naga Gidugu
- Vikram Jit Singh Chhatwal
- Himani Atul Kapadia
What is the registered address of Medi Assist Insurance Tpa Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Medi Assist Insurance Tpa Private Limited is Tower D 4Th Floor Ibc Knowledge Park 4/1 Bannerghatta Road, India, Bangalore, Karnataka, 560029.
What is the corporate identification number (CIN) and company number of Medi Assist Insurance Tpa Private Limited?
The corporate identification number (CIN) of Medi Assist Insurance Tpa Private Limited is U85199KA1999PTC025676 and the company number is 025676 as per Ministry of Corporate Affairs (MCA).
What is the official website of Medi Assist Insurance Tpa Private Limited?
The Official website of Medi Assist Insurance Tpa Private Limited is https://www.mediassist.in
What has been the recent revenue trend for Medi Assist Insurance Tpa Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Medi Assist Insurance Tpa Private Limited has risen by 26.44%.
How many employees does Medi Assist Insurance Tpa Private Limited currently have?
As Per 2023 financial reports, 4074 employees are currently employed by Medi Assist Insurance Tpa Private Limited.
What change has been observed in the net worth of Medi Assist Insurance Tpa Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Medi Assist Insurance Tpa Private Limited has experienced an upsurge of 20.84%.
What are the total open charges for Medi Assist Insurance Tpa Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Medi Assist Insurance Tpa Private Limited amount to ₹ 224.00 Cr.
When was the last Balance Sheet of Medi Assist Insurance Tpa Private Limited filed with the ROC?
The most recent Balance Sheet for Medi Assist Insurance Tpa Private Limited was filed with the ROC on 31 Mar 2024.
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