Raksha Insurance

Faridabad, India Founded: 2002 • Age: 24 yrs Acquired By Medi Assist Insurance TPA
Health insurance TPA services and claims processing are provided.
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About Raksha Insurance

Raksha Insurance is a Financial Services company based in Faridabad (India) founded in 2002 by Ritu Nanda, Naresh Kumar Trehan, and Rajan Nanda, and was acquired by Medi Assist Insurance TPA in March 2023. It operates as a health insurance TPA services and claims processing are provided. The company has 779 employees. Its chief executive is Pawan Bhalla. Its Indian entity Raksha Health Insurance Tpa Private Limited reported revenue of ₹57.56 Cr. Its focus areas include Third-Party Administrators, Health Insurance, Services for Health Insurers and Third Party Administrators.

Company details

TPA services for health insurance were established by Raksha Insurance in 2002, based in Faridabad, India. Claims processing is handled, including facilitation of cashless hospitalizations and settlements for policyholders. eCards are issued, claim forms are made available for download, and online submission with tracking is supported. Network hospitals can be searched, bank details updated, and queries resolved. Pre-authorizations for hospitalizations and reimbursement claims are managed.

Operational Areas
Financial Services → Insurance & Risk Management
Financial Services → Insurance & Risk Management
Key Metrics

Investors in Raksha Insurance

Raksha Insurance has secured backing from 1 investor. Prominent investors backing the company include Medi Assist TPA.

All
InvestorDescriptionFounded YearDomainLocation
Medi Assist TPA
Health benefits administration and claims processing services in India.
–mediassisttpa.in-
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Investor details for Raksha Insurance

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Board of directors of Raksha Health Insurance Tpa Private Limited (Raksha Insurance)

Raksha Health Insurance Tpa Private Limited is the primary company behind Raksha Insurance. The board of Raksha Health Insurance Tpa Private Limited currently have 4 directors; the longest-serving is Pawan Kumar Bhalla, appointed in 2020. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pawan Kumar Bhalla
DIN 00312478
Whole-time director01 Feb 20206 yrs 8 moRaksha Health Insurance Tpa Private Limited
Vijay Sankaran
DIN 10051238
Director25 Aug 20233 yrs 1 moRaksha Health Insurance Tpa Private Limited
Nikhil Chopra
DIN 06412544
Director25 Aug 20233 yrs 1 moRaksha Health Insurance Tpa Private Limited
Himanshu Rastogi
DIN 08700476
Director25 Aug 20233 yrs 1 moRaksha Health Insurance Tpa Private Limited

People of Raksha Insurance

4 people are tracked at Raksha Insurance (4 in leadership); the tracked headcount is 779.

NameRoleGroup
Ritu Nanda
Co-Founder & DirectorLeadership
Naresh Kumar Trehan
Co-Founder & DirectorLeadership
Rajan Nanda
Co-Founder & DirectorLeadership
Pawan Bhalla
CEOLeadership
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Complete people profiles for Raksha Insurance

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Financials of Raksha Insurance

Figures of Raksha Health Insurance Tpa Private Limited, the primary company behind Raksha Insurance, for FY 2024. Revenue was ₹57.56 Cr (-11% year on year). Net loss was -₹7.53 Cr (-13% margin). EBITDA was -₹4.78 Cr (-8% margin). Revenue has grown at a compounded annual rate of -4% over three years and -3% over five years.

  • ₹57.56 CrRevenue · FY 2024 · -11% YoY
  • -₹7.53 CrNet loss · -13% margin
  • -₹4.78 CrEBITDA · -8% margin
  • ₹4.00 CrPaid-up capital
  • 779Employees (provident fund records)
  • -4%Revenue CAGR, 3 years
  • -3%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Raksha Health Insurance Tpa Private Limited are on its company page.

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Detailed financial statements for Raksha Insurance

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Timeline of Raksha Insurance

2 dated milestones of Raksha Insurance across 21 years, from founding to its latest funding, stage changes and deals.

  1. Founded Raksha Insurance is founded.
  2. Exit Acquired by Medi Assist Insurance TPA.

Web traffic of Raksha Insurance

The website of Raksha Insurance (rakshatpa.com) receives about 9.9K visits a month and ranks #1,141,497 among all websites worldwide, #4,597 in Insurance.

  • Monthly visits
    9.9K

    ▼ 50.2% vs previous month

  • Unique visitors
    8K

    per month

  • Global rank
    #1,141,497

    among all websites

  • Category rank
    #4,597

    Finance · Insurance

Similar websites

Websites whose visitors overlap most with Raksha Insurance. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
mediassistindia.com
mediassistindia.com
100%
–––
medimanage.com
medimanage.com
100%
–––
Health India TPA Services
healthindiatpa.com
88%
106.7K#416,909View details
SAFEWAY INSURANCE TPA
safewaytpa.in
88%
113.9K#269,318View details
Genins India
geninsindia.com
87%
9K#1,411,326View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 18 similar websites and full traffic analytics for Raksha Insurance

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Top companies in Insurance & Risk Management

10 companies that operate in the same segment as Raksha Insurance (Insurance & Risk Management), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
RAC
Vehicle parts and accessories are sold via an online platform.
1897Walsall, West Midlands, United KingdomUSD 20.37 M––
Star Health and Allied Insurance
Health insurance plans are offered for individuals and families.
2006Chennai, Tamil Nadu, IndiaUSD 783.29 MUSD 1.9 B15,820
ICICI Lombard
Life, health, and general insurance services are provided across India.
2001Mumbai, Maharashtra, IndiaUSD 306.52 MUSD 2.88 B16,700
Bajaj Finserv
Financial solutions including loans and insurance are offered.
2007Pune, Maharashtra, India–USD 15.24 B126
SBI Life Insurance
Life Insurance joint venture between SBI and BNP Paribas Cardiff
2000Mumbai, Maharashtra, IndiaUSD 264 MUSD 14.28 B26,360
AXA
Insurance, banking, and wealth management services are provided worldwide.
1816Paris, France–USD 128.35 B100,040
HUB International
Investment advisory, insurance distribution, and risk management services are provided.
1998Chicago, Illinois, United StatesUSD 1.6 B––
Fidelity National Financial
Financial institution offering insurance & transaction services
1847Jacksonville, United StatesUSD 500 MUSD 14.51 B23,530
Kaiser Permanente
Integrated healthcare services and coverage are provided nationwide.
1945United States–––
Businessolver
Cloud-based employee benefits administration solutions are delivered.
1998West Des Moines, Iowa, United StatesUSD 65.16 M––
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Related news about Raksha Insurance

Medi Assist buys Raksha in largest deal in TPAs
Times Of India • 3 years ago
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Frequently Asked Questions about Raksha Insurance

Raksha Insurance was founded in 2002.

Raksha Insurance is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.

Pawan Bhalla is the current CEO of Raksha Insurance.

Raksha Insurance has 779 employees.

The primary company behind Raksha Insurance, Raksha Health Insurance Tpa Private Limited, reported revenue of ₹57.56 Cr for FY 2024, down 11% year on year.

TPA services for health insurance were established by Raksha Insurance in 2002, based in Faridabad, India. Claims processing is handled, including facilitation of cashless hospitalizations and settlements for policyholders. eCards are issued, claim forms are made available for download, and online submission with tracking is supported. Network hospitals can be searched, bank details updated, and queries resolved. Pre-authorizations for hospitalizations and reimbursement claims are managed.

Raksha Insurance has 1 investor. Key investors include Medi Assist TPA.

Raksha Insurance operates through Raksha Health Insurance Tpa Private Limited.

Yes. Raksha Insurance was acquired by Medi Assist Insurance TPA in March 2023.

The legal entities of Raksha Insurance currently have 5 directors, including Pawan Kumar Bhalla, Vijay Sankaran, Nikhil Chopra and others.

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