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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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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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 | ********* |
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 | blur-value | blur-value | blur-value |
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 | 6 Years 11 Months | Current |
| Jashvant Raval Chandulal | Director | 06 Jan 2020 | 6 Years 6 Months | Current |
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Sandesh Mishra
Also directs:
Tribe Of Humans Foundation
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Director | 13 Jul 2019 | 6 Years 11 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 1 Months | Current |
Financials of Bg Networks Private Limited FY 2024 filings available
Bg Networks Private Limited reported revenue of ₹6.16 Cr (down 26% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Bg Networks Private Limited
As of FY 2023, Bg Networks Private Limited's shareholding pattern shows 79.63% by promoters, 1.10% by public shareholders. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
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 Count & EPFO Data of Bg Networks Private Limited
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GST Compliance of Bg Networks Private Limited
GSTIN & GST Filing Data of Bg Networks Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Bg Networks Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Bg Networks Private Limited
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MSME Payment Delays by Bg Networks Private Limited
MSME Payment Delays by Bg Networks Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Bg Networks Private Limited
Subsidiaries & Group Companies of Bg Networks Private Limited
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MCA Filings & Documents of Bg Networks Private Limited
MCA Filings & Documents of Bg Networks Private Limited
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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:
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.