About Manipal Group
Manipal Group is an Education company based in Bengaluru (India) founded in 1993 by Ranjan Ramdas Pai. Education, healthcare, insurance, and research services are provided globally. It operates on a Professional Services and Subscription Services model in Education and Healthcare sectors. Manipal Group has completed 3 acquisitions, including Jigsaw Academy, ManipalCigna Health Insurance and MeritTrac. Its chief executive, as recorded, is Vaitheeswaran Seetharaman. Its Indian entity Manipal Education And Medical Group India Private Limited reported revenue of ₹341 Cr. Manipal Group offers products and services including Education Services, Healthcare Services, and Insurance Services. Its focus areas include Higher Education, Universities and Colleges, Hospitals and Clinics and General Healthcare.
Company details
Manipal Group is involved in providing education through global universities and not-for-profit institutions. Healthcare services are delivered via hospitals and related facilities. Insurance solutions are offered to various clients. Research and innovation are supported through grants and facilities. Investments are made in ed-tech and diagnostics sectors. The group operates primarily from Bengaluru, India, focusing on diverse societal needs.
- Headquarters Bengaluru, India
- Founders Ranjan Ramdas Pai
- SectorsEducationHealthcare
- Phone•••• ••••
- Website manipalgroup.com/memg.html
- Social LinkedIn
- Legal Name Manipal Education And Medical Group India Pvt Ltd
- Date of Incorporation 09 Jan, 2004
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹341 Cr
FY 2025 · -75% YoY
- Net Loss-₹289 Cr
FY 2025 · -85% margin
- EBITDA₹112 Cr
FY 2025 · 33% margin
- Latest Funding Round$600M (USD), Debt – Conventional
Jun 2025
- Investors
- Investments & AcquisitionsJigsaw Academy
& 2 more
Associated legal entities of Manipal Group
Manipal Group operates through Manipal Education And Medical Group India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Manipal Education And Medical Group India Private Limited CIN U74140KA2004PTC033168 | Active | 09 Jan 2004 | Bangalore, Karnataka | ₹341 Cr | 269 | 6 | View details |
Products & Services of Manipal Group
Manipal Group offers a comprehensive portfolio of products and services, including Education Services, Healthcare Services, and Insurance Services.
Educational programs and services are provided for students.
Healthcare solutions and facilities are offered to patients.
Insurance products and plans are provided to clients.
Funding Insights of Manipal Group
- Total Rounds 1
- Last Round Debt – Conventional — $600M
- First Round $600M
(Jun 2025)
- Investors Count 1
All 1 funding rounds of Manipal Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2025 | $600M | Debt – Conventional | – | – |
1 investors in total: 1 institutional.
Investors in Manipal Group
Manipal Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include KKR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States |
Investor details for Manipal Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Manipal Education And Medical Group India Private Limited (Manipal Group)
Manipal Education And Medical Group India Private Limited is the primary company behind Manipal Group. The board of Manipal Education And Medical Group India Private Limited currently have 5 directors; the longest-serving is Vaitheeswaran Seetharaman, appointed in 2018. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaitheeswaran Seetharaman DIN 01814726 | Director | 18 Jun 2018 | 8 yrs 4 mo | Manipal Education And Medical Group India Private Limited |
| Nisith Kumar Mohanty DIN 00322352 | Director | 28 Feb 2019 | 7 yrs 8 mo | Manipal Education And Medical Group India Private Limited |
| Ranjan Ramdas Pai DIN 00863123 | Director | 12 Dec 2023 | 2 yrs 10 mo | Manipal Education And Medical Group India Private Limited |
| Rajesh Krishnaswamy Moorti DIN 01480683 | Director | 12 Dec 2023 | 2 yrs 10 mo | Manipal Education And Medical Group India Private Limited |
| Kallabandi Sreekanth DIN 10803493 | Additional Director | 09 Oct 2024 | 2 yrs | Manipal Education And Medical Group India Private Limited |
People of Manipal Group
3 people are tracked at Manipal Group (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO | Leadership | |
Balaji Durai Iyengar | Leadership |
Complete people profiles for Manipal Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Manipal Group
Figures of Manipal Education And Medical Group India Private Limited, the primary company behind Manipal Group, for FY 2025. Revenue was ₹341 Cr (-75% year on year). Net loss was -₹289 Cr (-85% margin). EBITDA was ₹112 Cr (33% margin). Revenue has grown at a compounded annual rate of +116% over three years and +74% over five years.
- ₹341 CrRevenue · FY 2025 · -75% YoY
- -₹289 CrNet loss · -85% margin
- ₹112 CrEBITDA · 33% margin
- ₹53.47 CrPaid-up capital
- 269Employees (provident fund records)
- +116%Revenue CAGR, 3 years
- +74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Manipal Education And Medical Group India Private Limited are on its company page.
Detailed financial statements for Manipal Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Manipal Group
Manipal Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Jigsaw Academy, ManipalCigna Health Insurance and MeritTrac.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online academy for data analytics training is provided. | jigsawacademy.com | Bengaluru, India | 2011 | Jun 2019 | •••• | |
An online platform for customized health insurance policies is provided. | manipalcigna.com | Mumbai, India | 2012 | Jun 2019 | •••• | |
Assessment solutions are provided for enterprises and educational institutions. | merittrac.com | Bengaluru, India | 2000 | May 2007 | •••• |
Complete acquisition details for Manipal Group
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- Acquired stakes
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- Complete history
- Exports
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Timeline of Manipal Group
5 dated milestones of Manipal Group across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Manipal Group is founded.
- Acquisition Acquires MeritTrac.
- Acquisition Acquires ManipalCigna Health Insurance.
- Acquisition Acquires Jigsaw Academy.
- Funding First funding round of $600.0M.
Web traffic of Manipal Group
The website of Manipal Group (manipalgroup.com) receives about 8.7K visits a month.
- Monthly visits8.7K
▲ 611.7% vs previous month
Websites whose visitors overlap most with Manipal Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mmachennai.org | mmachennai.org | 100% | #1,311,403 | – | |
ficci.com | ficci.com | 100% | #2,048,266 | – | |
| nationalhrd.org | 100% | #3,630,759 | View details | ||
| manipal.com | 87% | #6,310,012 | View details | ||
| manipalglobal.com | 56% | 2.9K | #5,773,553 | View details |
Top companies in Higher & Specialized Education
3 companies that operate in the same segment as Manipal Group (Higher & Specialized Education) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multiple courses and degrees are offered across diversified streams. | 2013 | Delhi, Delhi, India | USD 62.53 M | USD 43.95 M | 210 | |
Educational support for abroad college selection and preparation is offered. | 2019 | Bengaluru, Karnataka, India | USD 152.5 M | USD 75.54 M | ||
University offering degrees in medicine, dentistry & foundation in science | 2001 | Bengaluru, Karnataka, India | USD 379.89 M | USD 79 M | 366 |
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Related news about Manipal Group
Complete news archive for Manipal Group
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Frequently Asked Questions about Manipal Group
Manipal Group was founded in 1993 and raised its 1st funding round 32 years after it was founded.
Manipal Group is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vaitheeswaran Seetharaman is the CEO of Manipal Group, as recorded in our data.
The primary company behind Manipal Group, Manipal Education And Medical Group India Private Limited, reported revenue of ₹341 Cr for FY 2025, down 75% year on year.
Manipal Group is involved in providing education through global universities and not-for-profit institutions. Healthcare services are delivered via hospitals and related facilities. Insurance solutions are offered to various clients. Research and innovation are supported through grants and facilities. Investments are made in ed-tech and diagnostics sectors. The group operates primarily from Bengaluru, India, focusing on diverse societal needs.
Manipal Group offers Education Services, Healthcare Services, and Insurance Services.
Manipal Group has made 3 acquisitions, including Jigsaw Academy, ManipalCigna Health Insurance, and MeritTrac.
Manipal Group has 1 investor. Key investors include KKR.
Manipal Group operates through Manipal Education And Medical Group India Private Limited.
The legal entities of Manipal Group currently have 6 directors, including Ranjan Ramdas Pai, Vaitheeswaran Seetharaman, Rajesh Krishnaswamy Moorti and others.