About Patra
Patra is a Financial Services company based in El Dorado Hills (United States) founded in 2005 by John Simpson. Certificate processing solutions for property and casualty insurance are provided. It operates on a AI-as-a-Service, Managed Services, and InsurTech model. Patra has raised $146 million across 2 funding rounds from investors including FTV Capital and SkyKnight Capital. The company has 5,256 employees. Patra has completed 1 acquisition, including QBIS Insurance Solutions. Its chief executive, as recorded, is Pratap Sarker. Its website patracorp.com draws about 10 thousand monthly visits. Its Indian entity Patra India Bpo Services Private Limited reported revenue of ₹194 Cr. Patra offers products and services including Patra AI, Insurance Processing, Contact Center, Small Accounts Management, and Print and Virtual Mail. Its focus areas include Technology, Software, InsurTech Solutions and Insurance. Its competitors include ReSource Pro, Socotra and EIS Group; 3 of its 3 listed competitors have raised funding.
Company details
Insurance business process outsourcing and AI-powered solutions are offered by Patra to optimize efficiency and growth for agencies, brokers, wholesalers, MGAs, MGUs, and carriers. Services are provided across property casualty, employee benefits, and business administration sectors. Innovative technologies like Patra AI are utilized for policy checking, data extraction, and quote comparison. Operational transformation is supported through contact center management, small accounts handling, and virtual staffing. With over 20 years of expertise, scalable and flexible solutions are delivered to modernize operating models in the insurance ecosystem.
- Headquarters El Dorado Hills, United States
- Employees 5,256
- Founders John Simpson
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website patracorp.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Patra Corporation
- Date of Incorporation 06 Feb, 2007
- Jurisdiction Visakhapatnam, Andhra Pradesh, India
- Indian entity revenue₹194 Cr
FY 2023 · +25% YoY
- Indian entity net profit₹19.83 Cr
FY 2023 · 10% margin
- Indian entity EBITDA₹28.94 Cr
FY 2023 · 15% margin
- Total Equity Funding$146M (USD)
in 2 rounds
- Latest Funding Round$146M (USD), Private Equity Round
Sep 2022
- InvestorsFTV Capital
& 1 more
- Employee Count5,256
- Investments & Acquisitions
Associated legal entities of Patra
Patra operates through Patra India Bpo Services 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 |
|---|---|---|---|---|---|---|---|
| Patra India Bpo Services Private Limited CIN U72200AP2007PTC052623 | Active | 06 Feb 2007 | Visakhapatnam, Andhra Pradesh | ₹194 Cr | 5,256 | 4 | View details |
Products & Services of Patra
Patra offers a comprehensive portfolio of products and services, including Patra AI, Insurance Processing, Contact Center, Small Accounts Management, and Print and Virtual Mail.
AI-powered tools are provided for insurance policy management.
Insurance processing services are offered for operational efficiency.
Omnichannel customer support is delivered for insurance clients.
Small accounts are managed to improve client retention.
Document processing and mailing solutions are provided efficiently.
Apps and channels of Patra
its YouTube channel Patra has 834 subscribers and 30 videos.
Videos from Patra
The most watched videos on Patra's YouTube channel, Patra (834 subscribers). Click a video to play it here.
More on Patra.
Funding Insights of Patra
Patra has successfully raised a total of $146M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $146 million completed in September 2022. 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 $146M
- Total Rounds 2
- Last Round Private Equity Round — $146M
- Investors Count 2
All 2 funding rounds of Patra 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 |
|---|---|---|---|---|---|
| Sep 2022 | $146M | Private Equity Round | – | FTV Capital | – |
| Aug 2020 | Private Equity Round | – | SkyKnight Capital | – |
2 investors in total: 2 institutional.
Investors in Patra
Patra has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include FTV Capital and SkyKnight Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | ftvcapital.com | San Francisco, United States | ||
SkyKnight Capital is involved in investment activities. | skyknightcapital.com |
Investor details for Patra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Patra India Bpo Services Private Limited (Patra)
Patra India Bpo Services Private Limited is the primary company behind Patra. The board of Patra India Bpo Services Private Limited currently have 4 directors; the longest-serving is Lakshmi Mukkavilli, appointed in 2007. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lakshmi Mukkavilli DIN 02630938 | Managing Director | 15 Feb 2007 | 19 yrs 8 mo | Patra India Bpo Services Private Limited |
| John Sedwick Simpson DIN 02323485 | Director | 01 May 2009 | 17 yrs 5 mo | Patra India Bpo Services Private Limited |
| Matthew Crimmins Easterlin DIN 08257889 | Director | 13 Dec 2018 | 7 yrs 10 mo | Patra India Bpo Services Private Limited |
| Pratap Sarker DIN 08985367 | Director | 11 Aug 2025 | 1 yr 2 mo | Patra India Bpo Services Private Limited |
People of Patra
2 people are tracked at Patra (2 in leadership); the tracked headcount is 5,256.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Chief Executive Officer | Leadership |
Complete people profiles for Patra
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Financials of Patra
Figures of Patra India Bpo Services Private Limited, the primary company behind Patra, for FY 2023. Revenue was ₹194 Cr (+25% year on year). Net profit was ₹19.83 Cr (10% margin). EBITDA was ₹28.94 Cr (15% margin). Revenue has grown at a compounded annual rate of +23% over three years and +23% over five years.
- ₹194 CrRevenue · FY 2023 · +25% YoY
- ₹19.83 CrNet profit · 10% margin
- ₹28.94 CrEBITDA · 15% margin
- ₹74.8 LakhPaid-up capital
- 5,256Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Patra India Bpo Services Private Limited are on its company page.
Detailed financial statements for Patra
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by Patra
Patra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include QBIS Insurance Solutions.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based underwriting and delivery platform for SMEs agents and brokers | qbisins.com | Oakland, United States | 2016 | Oct 2018 | •••• |
Complete acquisition details for Patra
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- Acquired stakes
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Timeline of Patra
4 dated milestones of Patra across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Patra is founded.
- Acquisition Acquires QBIS Insurance Solutions.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round, of $146.0M.
Competitors of Patra
Patra has 3 listed competitors in our database, 3 of them funded. They include ReSource Pro, Socotra and EIS Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| eisgroup.com | 2008 | San Francisco, United States | $162.45M | Cloud-based policy management and underwriting solutions for insurance are provided. |
Detailed competitors of Patra
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Patra
The website of Patra (patracorp.com) receives about 10.5K visits a month.
- Monthly visits10.5K
▼ 28% vs previous month
Websites whose visitors overlap most with Patra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
swaasa.com | swaasa.com | 100% | #326,412 | – | |
iitjobs.com | iitjobs.com | 98% | #485,808 | – | |
| randstad.in | 98% | 328.1K | #132,134 | View details | |
| jobaaj.com | 98% | #175,170 | View details | ||
| cutshort.io | 98% | 932.4K | #51,870 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Patra
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Patra (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Patra
Complete news archive for Patra
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Frequently Asked Questions about Patra
Patra was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Patra is headquartered in El Dorado Hills, United States. It is registered at El Dorado Hills, California, United States.
Pratap Sarker is the CEO of Patra, as recorded in our data.
Patra is a funded company, having raised a total of $146M across 2 funding rounds to date.
Patra has 5,256 employees.
The primary company behind Patra, Patra India Bpo Services Private Limited, reported revenue of ₹194 Cr for FY 2023, up 25% year on year.
Insurance business process outsourcing and AI-powered solutions are offered by Patra to optimize efficiency and growth for agencies, brokers, wholesalers, MGAs, MGUs, and carriers. Services are provided across property casualty, employee benefits, and business administration sectors. Innovative technologies like Patra AI are utilized for policy checking, data extraction, and quote comparison. Operational transformation is supported through contact center management, small accounts handling, and virtual staffing. With over 20 years of expertise, scalable and flexible solutions are delivered to modernize operating models in the insurance ecosystem.
Patra's top competitors include Socotra, ReSource Pro and EIS Group.
Patra offers Patra AI, Insurance Processing, Contact Center, Small Accounts Management, and Print and Virtual Mail.
Patra has made 1 acquisition, including QBIS Insurance Solutions.
Patra has 2 investors. Key investors include FTV Capital, and SkyKnight Capital.
Patra operates through Patra India Bpo Services Private Limited.