About Paramount Health Services
Paramount Health Services is a company based in Mumbai (India) founded in 1996 by Sandhya Shah and Nayan Shah was acquired by Medi Assist in August 2024.. The company has 2,550 employees as of April 09, 2024.
- Headquarter Mumbai, India
- Employees 2550 as on 09 Apr, 2024
- Founders Sandhya Shah, Nayan Shah
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Paramount Health Services & Insurance Tpa Private Limited
- Date of Incorporation 19 Oct, 2001
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$17.25 M (USD)21.87as on Mar 31, 2023
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Net Profit
$1.15 M (USD)61.34as on Mar 31, 2023
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EBITDA
$773.24 K (USD)27.45as on Mar 31, 2023
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Latest Funding Round
$5 M (USD), Debt – Conventional
Jul 11, 2013
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Investors
Medi Assist
& 1 more
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Employee Count
2550
as on Apr 09, 2024
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Acquired by
Medi Assist
(Aug 26, 2024)
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Funding Insights of Paramount Health Services
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(11 Jul 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Debt – Conventional - Paramount Health Services | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Healthcare benefits administration services for employees are managed online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paramount Health Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paramount Health Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paramount Health Services Comparisons
Competitors of Paramount Health Services
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paramount Health Services
Frequently Asked Questions about Paramount Health Services
When was Paramount Health Services founded?
Paramount Health Services was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Where is Paramount Health Services located?
Paramount Health Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Paramount Health Services have?
As of Apr 09, 2024, the latest employee count at Paramount Health Services is 2,550.
What is the annual revenue of Paramount Health Services?
Annual revenue of Paramount Health Services is $17.25M as on Mar 31, 2023.
What does Paramount Health Services do?
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.
Who are Paramount Health Services's investors?
Paramount Health Services has 2 investors. Key investors include Medi Assist, and Hamilton Investment Partners.