About Claims Express
Claims Express was a Financial Services company based in Bengaluru (India) founded in 2010. It provides streamlined insurance claims processing solutions for efficient operations. It operates on a B2B model. The company has 50 employees. Its Indian entity Moneybag Ventures Private Limited reported revenue of ₹1.44 Cr. The company is recorded as dissolved. Its focus areas include Insurance, Claims Processing and Software Solutions.
Company details
Claims Express, based in Bengaluru, focuses on offering financial products and advice, offering insurance products, claims processing, and providing software for education. Provides streamlined insurance claims processing solutions for efficient operations. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Bengaluru, India
- Employees 50
- SectorsFinancial Services
- Website claimsexpress.in
- Social Facebook
- Legal Name Moneybag Ventures Private Limited
- Date of Incorporation 03 Nov, 2004
- Annual Revenue₹1.44 Cr
FY 2024 · +43% YoY
- Net Loss-₹3.68 Cr
FY 2024 · -256% margin
- EBITDA-₹3.31 Cr
FY 2024 · -230% margin
- Employee Count50
Associated legal entities of Claims Express
Claims Express operates through Moneybag Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Moneybag Ventures Private Limited CIN U67120KA2004PTC034962 | Active | 03 Nov 2004 | Bangalore, Karnataka | ₹1.4 Cr | 2 | 2 | View details |
Board of directors of Moneybag Ventures Private Limited (Claims Express)
Moneybag Ventures Private Limited is the primary company behind Claims Express. The board of Moneybag Ventures Private Limited currently have 2 directors; the longest-serving is Abdul Gaffar Sait, appointed in 2004. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abdul Gaffar Sait DIN 01356328 | Director | 03 Nov 2004 | 21 yrs 11 mo | Moneybag Ventures Private Limited |
| Sri Harsha Bankapura Sumanthu DIN 07198642 | Director | 07 Aug 2018 | 8 yrs 2 mo | Moneybag Ventures Private Limited |
Financials of Claims Express
Figures of Moneybag Ventures Private Limited, the primary company behind Claims Express, for FY 2024. Revenue was ₹1.44 Cr (+43% year on year). Net loss was -₹3.68 Cr (-256% margin). EBITDA was -₹3.31 Cr (-230% margin). Revenue has grown at a compounded annual rate of +12% over three years and +15% over five years.
- ₹1.44 CrRevenue · FY 2024 · +43% YoY
- -₹3.68 CrNet loss · -256% margin
- -₹3.31 CrEBITDA · -230% margin
- ₹1 LakhPaid-up capital
- 2Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Moneybag Ventures Private Limited are on its company page.
Detailed financial statements for Claims Express
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Top companies in Insurance Providers
3 companies that operate in the same segment as Claims Express (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Frequently Asked Questions about Claims Express
Claims Express was founded in 2010.
Claims Express is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Claims Express has 50 employees.
The primary company behind Claims Express, Moneybag Ventures Private Limited, reported revenue of ₹1.44 Cr for FY 2024, up 43% year on year.
Claims Express, based in Bengaluru, focuses on offering financial products and advice, offering insurance products, claims processing, and providing software for education. Provides streamlined insurance claims processing solutions for efficient operations. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Claims Express operates through Moneybag Ventures Private Limited.
The legal entities of Claims Express currently have 2 directors, including Abdul Gaffar Sait, Sri Harsha Bankapura Sumanthu.