About Medi Assist TPA
Medi Assist TPA is a Financial Services company based in Bengaluru (India). Health benefits administration and claims processing services in India. It operates in the Financial Services and Healthcare sectors. The company has 4,074 employees. Medi Assist TPA has completed 1 acquisition, including Raksha Insurance. Its Indian entity Medi Assist Insurance Tpa Private Limited reported revenue of ₹497 Cr. Medi Assist TPA offers products and services including Claims Management and Cashless Hospitalization. Its focus areas include Health and Insurance, Insurance Services, Health Administration and Claims Processing.
Company details
Medi Assist TPA is recognized as Indias largest health benefits administrator, where services such as claims management and cashless hospitalization are provided to millions of lives annually. Over 14,000 provider partnerships and 81 offices across India are utilized to handle more than six million claims each year, supported by technology and collaborations with 32 insurance partners. Customer grievances are addressed through dedicated mechanisms, ensuring seamless health insurance experiences for policyholders and stakeholders.
- Headquarters Bengaluru, India
- Employees 4,074
- SectorsFinancial ServicesHealthcare
- Email••••••••
- Phone•••• ••••
- Website mediassisttpa.in
- Social LinkedIn Facebook Instagram
- Legal Name Medi Assist Insurance Tpa Pvt. Ltd
- Date of Incorporation 03 Sep, 1999
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹497 Cr
FY 2023 · +26% YoY
- Net Profit₹77.17 Cr
FY 2023 · 16% margin
- EBITDA₹115 Cr
FY 2023 · 23% margin
- Employee Count4,074
- Investments & Acquisitions
Associated legal entities of Medi Assist TPA
Medi Assist TPA operates through Medi Assist Insurance Tpa Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medi Assist Insurance Tpa Private Limited CIN U85199KA1999PTC025676 | Active | 03 Sep 1999 | Bangalore, Karnataka | ₹497 Cr | 4,074 | 5 | View details |
Products & Services of Medi Assist TPA
Medi Assist TPA offers a comprehensive portfolio of products and services, including Claims Management and Cashless Hospitalization.
Claims are processed and managed for health insurance policies to ensure efficient administration
Cashless treatment is facilitated at hospitals, including non-network ones, through document verification and approval processes
Board of directors of Medi Assist Insurance Tpa Private Limited (Medi Assist TPA)
Medi Assist Insurance Tpa Private Limited is the primary company behind Medi Assist TPA. The board of Medi Assist Insurance Tpa Private Limited currently have 5 directors; the longest-serving is Vikram Jit Singh Chhatwal, appointed in 2006. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikram Jit Singh Chhatwal DIN 01606329 | Director | 11 May 2006 | 20 yrs 5 mo | Medi Assist Insurance Tpa Private Limited |
| Satish Venkata Naga Gidugu DIN 06643677 | Director | 25 Jul 2014 | 12 yrs 3 mo | Medi Assist Insurance Tpa Private Limited |
| Srimathi Ranganathan DIN 06943067 | Director | 01 Apr 2019 | 7 yrs 7 mo | Medi Assist Insurance Tpa Private Limited |
| Nikhil Chopra DIN 06412544 | Whole-time director | 01 Mar 2021 | 5 yrs 8 mo | Medi Assist Insurance Tpa Private Limited |
| Himani Atul Kapadia DIN 00761555 | Director | 03 Mar 2021 | 5 yrs 8 mo | Medi Assist Insurance Tpa Private Limited |
Financials of Medi Assist TPA
Figures of Medi Assist Insurance Tpa Private Limited, the primary company behind Medi Assist TPA, for FY 2023. Revenue was ₹497 Cr (+26% year on year). Net profit was ₹77.17 Cr (16% margin). EBITDA was ₹115 Cr (23% margin). Revenue has grown at a compounded annual rate of +15% over three years and +13% over five years.
- ₹497 CrRevenue · FY 2023 · +26% YoY
- ₹77.17 CrNet profit · 16% margin
- ₹115 CrEBITDA · 23% margin
- ₹4.01 CrPaid-up capital
- 4,074Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medi Assist Insurance Tpa Private Limited are on its company page.
Detailed financial statements for Medi Assist TPA
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Medi Assist TPA
Medi Assist TPA has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Raksha Insurance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Health insurance TPA services and claims processing are provided. | rakshatpa.com | Faridabad, India | 2002 | Mar 2023 | •••• |
Complete acquisition details for Medi Assist TPA
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Web traffic of Medi Assist TPA
Websites that share an audience with Medi Assist TPA (mediassisttpa.in).
Websites whose visitors overlap most with Medi Assist TPA. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| medibuddy.in | 100% | 1.4M | #38,660 | View details | |
| mediassist.in | 100% | 1.9M | #23,387 | View details | |
| eastwestassist.com | 93% | 15.7K | #1,627,029 | View details | |
| ihx.in | 86% | 400.6K | #116,046 | View details | |
| vidalhealthtpa.com | 75% | 167.7K | #180,944 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Medi Assist TPA
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Health Insurance Providers
3 companies that operate in the same segment as Medi Assist TPA (Health Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers insurance for health, vehicles, travel, life, and commercial needs. | 2001 | Pune, Maharashtra, India | 8,624 | |||
Operates as a health and general insurance provider. | 2012 | Mumbai, Maharashtra, India | 2,005 | |||
Provision of health and travel insurance services in India. | 2012 | Gurugram, Haryana, India | 14,959 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Medi Assist Tpa
Complete news archive for Medi Assist TPA
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Medi Assist TPA
Medi Assist TPA is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Medi Assist TPA has 4,074 employees.
The primary company behind Medi Assist TPA, Medi Assist Insurance Tpa Private Limited, reported revenue of ₹497 Cr for FY 2023, up 26% year on year.
Medi Assist TPA is recognized as Indias largest health benefits administrator, where services such as claims management and cashless hospitalization are provided to millions of lives annually. Over 14,000 provider partnerships and 81 offices across India are utilized to handle more than six million claims each year, supported by technology and collaborations with 32 insurance partners. Customer grievances are addressed through dedicated mechanisms, ensuring seamless health insurance experiences for policyholders and stakeholders.
Medi Assist TPA offers Claims Management and Cashless Hospitalization.
Medi Assist TPA has made 1 acquisition, including Raksha Insurance.
Medi Assist TPA operates through Medi Assist Insurance Tpa Private Limited.
The legal entities of Medi Assist TPA currently have 5 directors, including Himani Atul Kapadia, Nikhil Chopra, Satish Venkata Naga Gidugu and others.