About Paramount Health Services
Paramount Health Services is a Business Services company based in Mumbai (India) founded in 1996 by Sandhya Shah and Nayan Shah, and was acquired by Medi Assist in August 2024. Provider of healthcare insurance outsourcing services. The company has 2,550 employees. Its website paramounttpa.com draws about 145 thousand monthly visits. Its Indian entity Paramount Health Services & Insurance Tpa Private Limited reported revenue of ₹188 Cr. Its focus areas include BPO Services, Industry Specific and Insurance.
Company details
Paramount Health Services was established in 1996 in Mumbai, India. Outsourcing solutions for the healthcare insurance sector are delivered, covering health insurance administration, cashless hospitalization facilitation, claim processing, and settlement procedures. Operations focus on insurance-related support services to streamline provider and policyholder interactions within the Indian market.
- Headquarters Mumbai, India
- Employees 2,550
- Founders Sandhya Shah, Nayan Shah
- Stage Acquired
- SectorsBusiness Services
- Website paramounttpa.com
- Social LinkedIn Facebook
- Acquired by Medi Assist (Aug 2024)
- Legal Name Paramount Health Services & Insurance Tpa Private Limited
- Date of Incorporation 19 Oct, 2001
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹188 Cr
FY 2025 · +16% YoY
- Net Loss-₹19.90 Cr
FY 2025 · -11% margin
- EBITDA-₹20.48 Cr
FY 2025 · -11% margin
- Latest Funding Round$5M (USD), Debt – Conventional
Jul 2013
- InvestorsMedi Assist
& 1 more
- Employee Count2,550
- Acquired byMedi Assist
(Aug 2024)
Associated legal entities of Paramount Health Services
Paramount Health Services operates through Paramount Health Services & Insurance Tpa 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 |
|---|---|---|---|---|---|---|---|
| Paramount Health Services & Insurance Tpa Private Limited CIN U85190MH2001PTC133736 | Active | 19 Oct 2001 | Thane, Maharashtra | ₹188 Cr | 2,550 | 4 | View details |
Apps and channels of Paramount Health Services
Paramount Health Services publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of Paramount Health Services
- Total Rounds 1
- Last Round Debt – Conventional — $5M
- First Round $5M
(Jul 2013)
- Investors Count 1
All 1 funding rounds of Paramount Health Services 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 |
|---|---|---|---|---|---|
| Jul 2013 | $5M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Paramount Health Services
Paramount Health Services has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Medi Assist and Hamilton Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt investments are managed across multiple sectors. | hamiltoninvestment.com | New York, United States | ||
Healthcare benefits administration services for employees are managed online. | 2002 | mediassist.in | Bengaluru, India |
Investor details for Paramount Health Services
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Board of directors of Paramount Health Services & Insurance Tpa Private Limited (Paramount Health Services)
Paramount Health Services & Insurance Tpa Private Limited is the primary company behind Paramount Health Services. The board of Paramount Health Services & Insurance Tpa Private Limited currently have 3 directors; the longest-serving is Vijay Sankaran, appointed in 2025. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Sankaran DIN 10051238 | Director | 01 Jul 2025 | 1 yr 4 mo | Paramount Health Services & Insurance Tpa Private Limited |
| Nikhil Chopra DIN 06412544 | Director | 01 Jul 2025 | 1 yr 4 mo | Paramount Health Services & Insurance Tpa Private Limited |
| Madhavan Ganesan DIN 01674529 | Director | 08 Aug 2025 | 1 yr 2 mo | Paramount Health Services & Insurance Tpa Private Limited |
People of Paramount Health Services
8 people are tracked at Paramount Health Services (5 in leadership, 3 in team); the tracked headcount is 2,550.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Managing Director | Leadership | |
| Leadership | ||
Atman Shah | Vice President Operations & Customer Relations | Leadership |
Milind Garsund | Vice President Information Technology | Leadership |
Shenbagam Jambulingam | Senior Executive Human Resources | Team |
Sachin Pawar | Cloud Engineer | Team |
Kadir Malik | Business Development Executive | Team |
Complete people profiles for Paramount Health Services
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Financials of Paramount Health Services
Figures of Paramount Health Services & Insurance Tpa Private Limited, the primary company behind Paramount Health Services, for FY 2025. Revenue was ₹188 Cr (+16% year on year). Net loss was -₹19.90 Cr (-11% margin). EBITDA was -₹20.48 Cr (-11% margin). Revenue has grown at a compounded annual rate of +17% over three years and +17% over five years.
- ₹188 CrRevenue · FY 2025 · +16% YoY
- -₹19.90 CrNet loss · -11% margin
- -₹20.48 CrEBITDA · -11% margin
- ₹6.25 CrPaid-up capital
- 2,550Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Paramount Health Services & Insurance Tpa Private Limited are on its company page.
Detailed financial statements for Paramount Health Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Paramount Health Services
3 dated milestones of Paramount Health Services across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Paramount Health Services is founded.
- Funding First funding round of $5.0M.
- Exit Acquired by Medi Assist.
Web traffic of Paramount Health Services
The website of Paramount Health Services (paramounttpa.com) receives about 145K visits a month.
- Monthly visits145K
▲ 18.7% vs previous month
Websites whose visitors overlap most with Paramount Health Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mdindiaonline.com | 100% | 137.4K | #202,715 | View details | |
| paramounthealthcare.com | 87% | 17.1K | #1,465,466 | View details | |
| medindia.net | 82% | 828.7K | #78,367 | View details | |
| myopd.in | 70% | 36.8K | #1,026,725 | View details | |
| nabh.co | 69% | #260,174 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Paramount Health Services
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- 13 similar websites
- Audience overlap
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Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as Paramount Health Services (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 299 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 2.03 B | 5,688 |
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Related news about Paramount Health Services
Complete news archive for Paramount Health Services
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Frequently Asked Questions about Paramount Health Services
Paramount Health Services was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Paramount Health Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Paramount Health Services has 2,550 employees.
The primary company behind Paramount Health Services, Paramount Health Services & Insurance Tpa Private Limited, reported revenue of ₹188 Cr for FY 2025, up 16% year on year.
Paramount Health Services was established in 1996 in Mumbai, India. Outsourcing solutions for the healthcare insurance sector are delivered, covering health insurance administration, cashless hospitalization facilitation, claim processing, and settlement procedures. Operations focus on insurance-related support services to streamline provider and policyholder interactions within the Indian market.
Paramount Health Services has 2 investors. Key investors include Medi Assist, and Hamilton Investment Partners.
Paramount Health Services operates through Paramount Health Services & Insurance Tpa Private Limited.
Yes. Paramount Health Services was acquired by Medi Assist in August 2024.
The legal entities of Paramount Health Services currently have 4 directors, including Vijay Sankaran, Nikhil Chopra, Madhavan Ganesan and others.
Yes. Paramount Health Services publishes mW!SE - Paramount TPA and 1 more app, with over 1 million downloads.
The website of Paramount Health Services receives about 145 thousand visits a month.