About Bg Networks Private Limited
Data last updated: 29 December 2025
Bg Networks Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It specialises in general insurance providers, a part of the broader financial services sector. Incorporated on 19 June 2018, the company has been in operation for over 8 years.
Registered with ROC Mumbai under CIN U74999MH2018PTC310945.
Capital: an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.84 Cr. Formerly known as Hgds Ventures Private Limited. It is led by directors including Devang Hasmmukhlalji Parmar and Jashvant Raval Chandulal.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.16 Cr, a decline of 26% compared to the previous year.
The company has a workforce of approximately 90 employees as per the latest available data.
The company is associated with 1 brand - Bima Garage. As per MCA filings, the company has open charges of ₹4.17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bimagarage.com.
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Registered AddressUnit No.1001 10Th Floor Dosti Pinnacle, Plot No. E – 7 Road No.22, Thane, Maharashtra, India – 400604
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IndustryFinancial Services, General Insurance Providers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Bg Networks Private Limited
Bg Networks Private Limited operates one associated brand: Bima Garage. These brands represent Bg Networks Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Health insurance claims support solutions for insurance holders, hospitals, and insurance agents | bimagarage.com |
Competitors & Alternatives of Bg Networks Private Limited
Brands and companies operating in the same space as Bg Networks Private Limited include Vitraya, ClaimBuddy, ClaimTherapist and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Vitraya
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Automated claims adjudication and settlement are provided for healthcare. | Delhi, India, India | 2019 |
ClaimBuddy
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Platform offering medical insurance claims support solutions | Gurugram, India, India | 2020 |
ClaimTherapist
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Health insurance claims management is provided online. | Gurugram, India, India | 2019 |
ClaimKar
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Provider of insurance claim processing and documentation services | Ahmedabad, India, India | 2013 |
Instic Technologies
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Provides AI-based solutions for managing health insurance claims efficiently. | Pune, India, India | 2020 |
Easeclaim
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Provides a streamlined health insurance claim processing solution for individuals. | Gurugram, India, India | 2023 |
Business Activity of Bg Networks Private Limited
Bg Networks Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Bg Networks Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Bg Networks Private Limited
Bg Networks Private Limited is audited by H. P. JADEJA & ASSOCIATES for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H. P. JADEJA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Bg Networks Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Bg Networks Private Limited
Bg Networks Private Limited is currently managed by 4 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Devang Hasmmukhlalji Parmar
Also directs:
Tribe Of Humans Foundation
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Director | 13 Jul 2019 | 7 Years 1 Months | Current |
| Jashvant Raval Chandulal | Director | 06 Jan 2020 | 6 Years 7 Months | Current |
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Sandesh Mishra
Also directs:
Tribe Of Humans Foundation
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Director | 13 Jul 2019 | 7 Years 1 Months | Current |
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Varadan Devanathan
Also directs:
Blue Hex Software Private Limited
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Director | 17 May 2023 | 3 Years 3 Months | Current |
Financials of Bg Networks Private Limited FY 2024 filings available
Bg Networks Private Limited reported revenue of ₹6.16 Cr (down 26.00% YoY) for FY 2025.
Ten-year financial statements for Bg Networks Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
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Ownership and Shareholding of Bg Networks Private Limited
Shareholding and ownership data for Bg Networks Private Limited
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- Ownership categories
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Group Structure of Bg Networks Private Limited
Bg Networks Private Limited has 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Bg Networks Private Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Bg Networks Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jan 2025 | State Bank of India | ₹2.17 Cr | Open |
| 01 Sep 2023 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Bg Networks Private Limited
Bg Networks Private Limited has a workforce of 90 employees as of Mar 29, 2024.
Employee and EPFO history for Bg Networks Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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GST Compliance of Bg Networks Private Limited
GST registrations and filing compliance for Bg Networks Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
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Credit Ratings, Litigation & Regulatory Alerts for Bg Networks Private Limited
Credit ratings, litigation, and regulatory alerts for Bg Networks Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Bg Networks Private Limited
MSME payment history for Bg Networks Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
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Subsidiaries & Group Companies of Bg Networks Private Limited
Corporate group structure for Bg Networks Private Limited
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- Parent company
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MCA Filings & Documents of Bg Networks Private Limited
MCA filings and documents for Bg Networks Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Recent Activity on Bg Networks Private Limited
Frequently Asked Questions about Bg Networks Private Limited
Bg Networks Private Limited is an active private limited company in the financial services sector based in Thane, Maharashtra, India. It was incorporated on 19 June 2018 (8+ years old) and is registered under CIN U74999MH2018PTC310945. The company has 90 employees.
Bg Networks Private Limited reported revenue of ₹6.16 Cr for FY 2025 (down 26.00% YoY).
The current directors of Bg Networks Private Limited are:
- Devang Hasmmukhlalji Parmar - Director
- Jashvant Raval Chandulal - Director
- Sandesh Mishra - Director
- Varadan Devanathan - Director
The primary industry of Bg Networks Private Limited is financial services. The company specifically operates in general insurance providers. The company is currently active in this sector.
Yes, Bg Networks Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Bg Networks Private Limited can be reached at the registered office: Unit No.1001 10Th Floor Dosti Pinnacle, Plot No. E – 7 Road No.22, Thane, Maharashtra, India – 400604, or through the website bimagarage.com.