About Medi Assist
Medi Assist is a company based in Bengaluru (India) founded in 2002. Medi Assist has raised $28.95 million across 8 funding rounds from investors including Bessemer Venture Partners, IDFC and Vikramjit Singh Chhatwal. The company has 6,400 employees. Medi Assist has completed 4 acquisitions, including DHS India, Mayfair We Care and Medvantage. Medi Assist offers products and services including Benefits Administration and MAtrix Fraud Detection Engine.
- Headquarter Bengaluru, India
- Employees 6,400
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website mediassist.in
- Social LinkedIn X Facebook Instagram
- Legal Name Medi Assist Healthcare Services Limited
- Annual Revenue₹497 Cr
FY 2023 · +26% YoY
- Net Profit₹77.17 Cr
FY 2023 · 16% margin
- EBITDA₹115 Cr
FY 2023 · 23% margin
- Total Equity Funding$28.95M (USD)
in 8 rounds
- Latest Funding Round$22M (USD), Post-IPO
Oct 2025
- InvestorsBessemer Venture Partners
& 35 more
- Employee Count6,400
- Investments & AcquisitionsDHS India
& 3 more
Associated legal entities of Medi Assist
Medi Assist 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
Medi Assist offers a comprehensive portfolio of products and services, including Benefits Administration and MAtrix Fraud Detection Engine.
Streamlined administration for optimized claims management and enhanced member experiences is offered by Medi Assist.
Fraud detection in healthcare claims is enabled through advanced digital solutions provided by Medi Assist.
Funding Insights of Medi Assist
Medi Assist has successfully raised a total of $28.95M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $22 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $28.95M
- Total Rounds 8
- Last Round Post-IPO — $22M
- First Round $4.23M
(Jul 2011)
- Investors Count 36
All 8 funding rounds of Medi Assist 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 |
|---|---|---|---|---|---|
| Oct 2025 | $22M | Post-IPO | – | – | – |
| Oct 2025 | $22M | Post-IPO | – | – | – |
| Feb 2017 | $134,480 | Unspecified | $166.9M | Bessemer Venture Partners | |
| Jan 2015 | $3.61M | Unspecified | $31.75M | IDFC, IDFC | – |
| Oct 2013 | $20M | Unspecified | – | IDFC, IDFC | – |
| Apr 2013 | $277,584 | Unspecified | $••••• | Bessemer Venture Partners | – |
| Jul 2012 | $685,153 | Unspecified | $••••• | Jaivardhan Sinha, Sanjay Kalra | |
| Jul 2011 | $4.23M | Unspecified | $••••• | Bessemer Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2017 | $166.9M | •••••••• |
| Jan 2015 | $31.75M | •••••••• |
| Apr 2013 | $••••• | •••••••• |
| Jul 2012 | $••••• | •••••••• |
| Jul 2011 | $••••• | •••••••• |
Full valuation and stage history of Medi Assist
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $166.9M (Feb 2017). 36 investors in total: 6 institutional and 30 angel.
Investors in Medi Assist
Medi Assist has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, IDFC and Vikramjit Singh Chhatwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Investment banking and infrastructure financing services are provided by IDFC. | – | idfclimited.com | Chennai, India | |
Commercial banking services are provided by IDFC in India. | 1997 | idfc.com | Chennai, India | |
Business broking, digital marketing, and hosting services are offered. | – | odysseyindiaadvisory.tcc.mode | Mumbai, India | |
Manufacturing services for electronic equipment are provided in Mumbai. | – | projectautomobilesbombay.tcc.mode | Mumbai, India | |
VS Vikramjit Singh Chhatwal | - | – | unknown_18ed68a0b8a34cc19 | - |
VJ Vikram Jit Singh Chhatwal | - | – | unknown_fd99d4502d64416b8 | - |
JS Jaivardhan Sinha | - | – | unknown_99d3aaeb9d594ad99 | - |
SD Sonia Deb | - | – | unknown_8f0faec847c84871a | - |
SK Sanjay Kalra | Angel investor, ex-entrepreneur, focused on tech startups in India. | – | unknown_6689ed9e9d064892a | - |
Investor details for Medi Assist
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Board of directors of Medi Assist Insurance Tpa Private Limited (Medi Assist)
Medi Assist Insurance Tpa Private Limited is the primary company behind Medi Assist. 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 2 mo | Medi Assist Insurance Tpa Private Limited |
| Srimathi Ranganathan DIN 06943067 | Director | 01 Apr 2019 | 7 yrs 6 mo | Medi Assist Insurance Tpa Private Limited |
| Nikhil Chopra DIN 06412544 | Whole-time director | 01 Mar 2021 | 5 yrs 7 mo | Medi Assist Insurance Tpa Private Limited |
| Himani Atul Kapadia DIN 00761555 | Director | 03 Mar 2021 | 5 yrs 7 mo | Medi Assist Insurance Tpa Private Limited |
People of Medi Assist
89 people are tracked at Medi Assist (31 in leadership, 58 in team); the tracked headcount is 6,400.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Praveen Samariya | CTO | Leadership |
Shwetank Shekher Singh | VP - Engineering | Leadership |
Prabir Mahato | Assistant Vice President | Leadership |
Daksh Chibber | Vice President | Leadership |
Aditya Mittal | Assistant Vice President | Leadership |
Arun Kumar | Assistant Vice President | Leadership |
Manish Vij | Senior Vice President & National Head | Leadership |
| Chief Executive Officer And Whole Time Director | Leadership | |
Shivani Burman | SVP & National Head | Leadership |
| Chief Business Officer | Leadership | |
Reema Ranasaria | VP - Account Management | Leadership |
Prashant Shrivastava | Vp - Hr | Leadership |
Jijimol Joseph | VP - Account Management | Leadership |
Abdul Razzak | VP - Retail Business | Leadership |
Syed Sajid | VP - Operations | Leadership |
Vijay Sankaran | Svp & Cmo | Leadership |
Pavithra S Mysore | General Manager, Mayfair We Care | Leadership |
Mukunda Madhava | VP - Claims | Leadership |
Siddhartha Sharma | SVP - Ceo's Office | Leadership |
69 more people are available in the full profile.
Complete people profiles for Medi Assist
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Medi Assist
Medi Assist is a publicly listed company on the NSE with ticker symbol MEDIASSIST in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 Jan 2024
- Listed onBSE: 544088 · NSE: MEDIASSIST
- Listed entityMedi Assist Healthcare Services Limited
- Exchange sectorFinance
- ISININE456Z01021
- Share price₹301.15 (+2.02% on the day) · 2026-10-09
- Market capitalisation₹2,248 Cr
- Price to earnings24.0
- EPS (diluted, trailing year)₹12.55
- Dividend yield0.66%
- Volume (last session)96,232
Financials of Medi Assist
Figures of Medi Assist Insurance Tpa Private Limited, the primary company behind Medi Assist, 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
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹905 Cr | ₹87.9 Cr | ₹179 Cr |
| 2024 | ₹723 Cr | ₹90.9 Cr | ₹158 Cr |
| 2023 | ₹635 Cr | ₹66.9 Cr | ₹139 Cr |
| 2022 | ₹505 Cr | ₹74.1 Cr | ₹131 Cr |
| 2021 | ₹394 Cr | ₹64.2 Cr | ₹105 Cr |
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
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Medi Assist
Medi Assist has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include DHS India, Mayfair We Care and Medvantage.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of healthcare insurance outsourcing services | paramounttpa.com | Mumbai, India | 1996 | Aug 2024 | $47.71M | |
Provider of healthcare insurance and administration services | mayfairwecare.com | Weybridge, United Kingdom | 1990 | Nov 2022 | •••• | |
Claims processing, account management, and administrative services are provided. | medvantagetpa.com | Mumbai, India | 2001 | Sep 2022 | $494,981 | |
Health insurance administration is handled for insurers by DHS India. | dhs-india.com | Mumbai, India | 2006 | Jun 2016 | •••• |
Complete acquisition details for Medi Assist
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Timeline of Medi Assist
9 dated milestones of Medi Assist across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Medi Assist is founded.
- Funding First funding round of $4.2M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires DHS India.
- Acquisition Acquires Medvantage.
- Acquisition Acquires Mayfair We Care.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Paramount Health Services.
- Funding Latest funding round, Post-IPO, of $22.0M.
Web traffic of Medi Assist
The website of Medi Assist (mediassist.in) receives about 1.9M visits a month and ranks #23,387 among all websites worldwide, #1,502 in Insurance.
- Monthly visits1.9M
▲ 3.2% vs previous month
- Unique visitors436.9K
per month
- Global rank#23,387
among all websites
- Category rank#1,502
Finance · Insurance
- Bounce rate17%
- Pages per visit6.7
- Average visit3 min 38 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Medi Assist. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mediassisttpa.in | 100% | – | #143,942 | View details | |
| medibuddy.in | 94% | 1.4M | #38,660 | View details | |
| newindia.co.in | 62% | 2.3M | #19,096 | View details | |
| tataaig.com | 61% | 3.9M | #13,750 | View details | |
| careinsurance.com | 60% | 3.5M | #18,964 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Medi Assist
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Latest news on Medi Assist
Complete news archive for Medi Assist
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Similar companies to Medi Assist
10 companies that operate in the same segment as Medi Assist (Insurance & Risk Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Life Insurance joint venture between SBI and BNP Paribas Cardiff | 2000 | Mumbai, Maharashtra, India | USD 264 M | USD 14.28 B | 26,360 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | – | – | |
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States | – | – | – | |
Cloud-based employee benefits administration solutions are delivered. | 1998 | West Des Moines, Iowa, United States | USD 65.16 M | – | – |
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Frequently Asked Questions about Medi Assist
Medi Assist was founded in 2002 and raised its 1st funding round 9 years after it was founded.
Medi Assist is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Satish Venkata Naga Gidugu is the current CEO of Medi Assist.
Medi Assist is a funded company, having raised a total of $28.95M across 8 funding rounds to date. The company's 1st funding round was a Unspecified of $4.23M, raised on Jul 2011.
Medi Assist has 6,400 employees.
The primary company behind Medi Assist, Medi Assist Insurance Tpa Private Limited, reported revenue of ₹497 Cr for FY 2023, up 26% year on year.
Medi Assist was founded in 2002 in Bengaluru, India, within the healthcare sector. Services are provided for administering employee benefits, including online management of prescriptions, test reports, and discharge summaries. Access to medical history is facilitated, alongside processing of reimbursement claims and preauthorization for hospitalization. Collaboration with healthcare providers has been established to develop technology supporting hospital revenue cycles, billing, and third-party payer settlements.
Medi Assist offers Benefits Administration and MAtrix Fraud Detection Engine.
Yes, Medi Assist is publicly traded on NSE under the ticker symbol MEDIASSIST.
Medi Assist has made 4 acquisitions, including DHS India, Mayfair We Care, and Medvantage.
Medi Assist has 36 investors. Key investors include Bessemer Venture Partners, IDFC, Vikramjit Singh Chhatwal, Vikram Jit Singh Chhatwal, and IDFC Limited.
The valuation of Medi Assist is $166.9M as of Feb 2017.