Medvantage Insurance Tpa Private Limited

Health insurance TPA providing administration, claims management, and self-service technology.

2001 | Thane, Maharashtra (India) | Merged
Last Updated: January 15, 2025

Medvantage Insurance Tpa Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.67 Cr
  • Company Age 23 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -27.25%
  • Profit Growth -1275.19%
  • Ebitda -1085.51%
  • Net Worth -49.82%
  • Total Assets -29.31%

About Medvantage Insurance Tpa

Medvantage Insurance Tpa Private Limited (MITPL) is Amalgamated company established on 01 Nov 2001 with its office registered at Thane, Maharashtra, India and has been running since 23 Year, 3 Months with a paid up capital of 5.67 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U85190MH2001PTC133829

  • Company No.

    133829

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Nov 2001

  • Date of AGM

    31 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

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

Board Members (3)

Name Designation Appointment Date Status
Vikram Chhatwal Country flag representing In Director 13-Feb-2023 Current
Nikhil Chopra Country flag representing In Director 13-Feb-2023 Current
Himanshu Rastogi Country flag representing In Director 13-Feb-2023 Current

Financial Performance of Medvantage Insurance Tpa.

Medvantage Insurance Tpa Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 27.25% decrease. The company also saw a substantial fall in profitability, with a 1275.19% decrease in profit. The company's net worth observed a substantial decline by a decrease of 49.82%.

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
-27.25%
Revenue from Operations
-27.68%
Total Assets
-29.31%
Profit or Loss
-1275.19%
Net Worth
-49.82%
EBITDA
-1085.51%

What is the Ownership and Shareholding Structure of Medvantage Insurance Tpa?

In 2023, Medvantage Insurance Tpa 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Medvantage Insurance Tpa?

Medvantage Insurance Tpa has a workforce of 8 employees as of Apr 07, 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 Medvantage 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 Medvantage Insurance Tpa'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 Medvantage Insurance Tpa

Recent activity within the organization

  • Annual General Meeting

    Medvantage Insurance Tpa Private Limited last Annual general meeting of members was held on 31 Jul 2023 as per latest MCA records.

    31 Jul 2023

  • Balance Sheet

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

    31 Mar 2023

  • Director Appointment

    Vikram Jit Singh Chhatwal was appointed as a Director was appointed as a Director on 13 Feb 2023 & has been associated with this company since 1 year 11 months .

    13 Feb 2023

  • Director Appointment

    Nikhil Chopra was appointed as a Director was appointed as a Director on 13 Feb 2023 & has been associated with this company since 1 year 11 months .

    13 Feb 2023

  • Director Appointment

    Himanshu Rastogi was appointed as a Director was appointed as a Director on 13 Feb 2023 & has been associated with this company since 1 year 11 months .

    13 Feb 2023

  • Company Incorporation

    Medvantage Insurance Tpa Private Limited was registered on 01 Nov 2001 with Roc Mumbai & aged 23 years 3 months as per MCA records.

    01 Nov 2001

Frequently asked questions

  • Medvantage Insurance Tpa Private Limited was incorporated on 01 Nov 2001.

  • The authorized share capital of Medvantage Insurance Tpa Private Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.67 Cr.

  • Currently 3 directors are associated with Medvantage Insurance Tpa Private Limited.

    • Vikram Jit Singh Chhatwal
    • Nikhil Chopra
    • Himanshu Rastogi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Medvantage Insurance Tpa Private Limited is The Empire Business Centre Office 1731 Tower Cloud City Campus, Reliable Tech Park Airoli India, Thane, Maharashtra, 400708.

  • The corporate identification number (CIN) of Medvantage Insurance Tpa Private Limited is U85190MH2001PTC133829 and the company number is 133829 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Medvantage Insurance Tpa Private Limited is https://www.uhcpindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Medvantage Insurance Tpa Private Limited has fallen by -27.25%.

  • As Per 2023 financial reports, 8 employees are currently employed by Medvantage Insurance Tpa Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Medvantage Insurance Tpa Private Limited has experienced an downturn of -49.82%.

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