About Medvantage
Medvantage is a Financial Services company based in Mumbai (India) founded in 2001, and was acquired by Medi Assist in September 2022. Claims processing, account management, and administrative services are provided. Its focus areas include Third-Party Administrators. Its legal entity is I HEALTH CARE TPA SERVICES PVT LTD.
Company details
Medvantage was founded in 2001 and is based in Mumbai, India. Administrative services for the healthcare sector are delivered, with a focus on claims processing, account management, and related functions. Third-party administration for medical benefits is managed to support operational efficiency. The companys domain, medvantagetpa.com, facilitates online interactions. Core activities are conducted primarily in India, addressing administrative requirements for healthcare providers and clients.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website medvantagetpa.com
- Social LinkedIn
- Acquired by Medi Assist (Sep 2022)
- Legal Name I Health Care Tpa Services Pvt Ltd
- Annual Revenue$4.36 M (USD)16as on Mar 31, 2022
- Net Profit$147.68 K (USD)-23as on Mar 31, 2022
- EBITDA$243.48 K (USD)-15as on Mar 31, 2022
- Investors
- Acquired byMedi Assist
(Sep 2022)
Investors in Medvantage
Medvantage has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Medi Assist.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare benefits administration services for employees are managed online. | 2002 | mediassist.in | Bengaluru, India |
Investor details for Medvantage
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Timeline of Medvantage
2 dated milestones of Medvantage across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Medvantage is founded.
- Exit Acquired by Medi Assist.
Web traffic of Medvantage
The website of Medvantage (medvantagetpa.com) receives about 5.8K visits a month.
- Monthly visits5.8K
▼ 35.5% vs previous month
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Medvantage (Insurance & Risk Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 |
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Frequently Asked Questions about Medvantage
Medvantage was founded in 2001.
Medvantage is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Annual revenue of Medvantage is $4.36M as on Mar 31, 2022.
Medvantage was founded in 2001 and is based in Mumbai, India. Administrative services for the healthcare sector are delivered, with a focus on claims processing, account management, and related functions. Third-party administration for medical benefits is managed to support operational efficiency. The companys domain, medvantagetpa.com, facilitates online interactions. Core activities are conducted primarily in India, addressing administrative requirements for healthcare providers and clients.
Medvantage has 1 investor. Key investors include Medi Assist.
Medvantage operates through I Health Care Tpa Services Pvt Ltd.
Yes. Medvantage was acquired by Medi Assist in September 2022.