About MFX services
MFX services is a Business Services company based in New York (United States) founded in 2001, and was acquired by Quess in November 2014. End-to-end services are provided to PC insurance by MFX. The company has 1,781 employees. Its chief executive, as recorded, is Vikram Gulati. Its Indian entity Mfx Infotech Private Limited reported revenue of ₹101 Cr. Its focus areas include GRC Services and Integrated GRC.
Company details
MFX Services was founded in 2001 and is headquartered in New York, United States. Focus is placed on the property and casualty insurance sector as a vertical system integrator. Services encompass platform as a service, infrastructure as a service, application development and maintenance, business process outsourcing, analytics, and governance, risk, and compliance. Critical support and applications are delivered, with over 2.7 billion in annual insurance premiums processed.
- Headquarters New York, United States
- Employees 1,781
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Website mfxservices.com
- Acquired by Quess (Nov 2014)
- Legal Name Mfx Infotech Private Limited
- Date of Incorporation 20 Jun, 2014
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of MFX services
MFX services operates through Mfx Infotech Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mfx Infotech Private Limited CIN U72200KA2014PTC074949 | Amalgamated | 20 Jun 2014 | Bangalore, Karnataka | ₹101 Cr | 1,781 | 2 | View details |
Investors in MFX services
MFX services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Quess.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | quesscorp.com | Bengaluru, India |
Investor details for MFX services
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Board of directors of Mfx Infotech Private Limited (MFX services)
Mfx Infotech Private Limited is the primary company behind MFX services. The board of Mfx Infotech Private Limited currently have 2 directors; the longest-serving is Kundan Kumar Lal, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kundan Kumar Lal DIN 06446995 | Director | 31 Mar 2020 | 6 yrs 6 mo | Mfx Infotech Private Limited |
| Kamal Pal Hoda DIN 09808793 | Director | 01 Dec 2022 | 3 yrs 10 mo | Mfx Infotech Private Limited |
People of MFX services
325 people are tracked at MFX services (73 in leadership, 9 in board & advisors, 243 in team); the tracked headcount is 1,781.
| Name | Role | Group |
|---|---|---|
Vikram Gulati | CEO | Leadership |
Pankaj Dhiman | Deputy General Manager | Leadership |
Anindya Mukherjee | Vice President Strategy | Leadership |
Neeraj Jain | Chief Financial Officer | Leadership |
Arun Bhatia | Vice President | Leadership |
Prianca Sharma | General Manager Client Engagement | Leadership |
Pavitra Mosali | Human Resources Business Partner (on -site @ Google ) | Leadership |
Raman Preet Sahi | Chief Business Officer- Quess Staffing Solutions | Leadership |
Kapil Joshi | Chief Executive Officer, IT Staffing | Leadership |
Mohit Mathur | Chief Business Officer, Global Capability Center | Leadership |
Sanjay Shetty | Chief Business Officer, Recruitment and International Services | Leadership |
Nitin Dave | Chief Executive Officer, General Staffing | Leadership |
Omkar Sadhu | VP, Strategy | Leadership |
Tej Hans Raj | Deputy Chief Executive Officer, Digital Platform | Leadership |
Sumit Poddar | Head Of Treasury | Leadership |
Krishna Rengarajan | Deputy General Manager Of Finance | Leadership |
Sidharth Sahu | Head Of Product Technology | Leadership |
Vaibhav Bhosale | GM & Sales Head West Region | Leadership |
Sudhir Thakur | Chief Business Officer | Leadership |
Uppala Dilip | Vice President Operations | Leadership |
305 more people are available in the full profile.
Complete people profiles for MFX services
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Financials of MFX services
Figures of Mfx Infotech Private Limited, the primary company behind MFX services, for FY 2023. Revenue was ₹101 Cr (+21% year on year). Net profit was ₹5.94 Cr (6% margin). EBITDA was ₹8.26 Cr (8% margin). Revenue has grown at a compounded annual rate of +14% over three years and +14% over five years.
- ₹101 CrRevenue · FY 2023 · +21% YoY
- ₹5.94 CrNet profit · 6% margin
- ₹8.26 CrEBITDA · 8% margin
- ₹1.00 CrPaid-up capital
- 1,781Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mfx Infotech Private Limited are on its company page.
Detailed financial statements for MFX services
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Timeline of MFX services
2 dated milestones of MFX services across 13 years, from founding to its latest funding, stage changes and deals.
- Founded MFX services is founded.
- Exit Acquired by Quess.
Top companies in Governance, Risk & Compliance (GRC) Services
3 companies that operate in the same segment as MFX services (Governance, Risk & Compliance (GRC) Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Risk management and operational support services are delivered globally. | 2010 | Reston, Virginia, United States | 1,502 | |||
Provider of natural gas, crude oil, and petroleum products exploration services | 1882 | Irving, Texas, United States | USD 323.9 B | 61,000 | ||
Marsh is recognized as a global leader in insurance broking and risk management. | 1871 | New York, New York, United States |
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Related news about Mfx Services
Complete news archive for MFX services
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Frequently Asked Questions about MFX services
MFX services was founded in 2001.
MFX services is headquartered in New York, United States. It is registered at New York, New York, United States.
Vikram Gulati is the CEO of MFX services, as recorded in our data.
MFX services has 1,781 employees.
The primary company behind MFX services, Mfx Infotech Private Limited, reported revenue of ₹101 Cr for FY 2023, up 21% year on year.
MFX Services was founded in 2001 and is headquartered in New York, United States. Focus is placed on the property and casualty insurance sector as a vertical system integrator. Services encompass platform as a service, infrastructure as a service, application development and maintenance, business process outsourcing, analytics, and governance, risk, and compliance. Critical support and applications are delivered, with over 2.7 billion in annual insurance premiums processed.
MFX services has 1 investor. Key investors include Quess.
MFX services operates through Mfx Infotech Private Limited.
Yes. MFX services was acquired by Quess in November 2014.
The legal entities of MFX services currently have 2 directors, including Kamal Pal Hoda, Kundan Kumar Lal.