About Medbay India Private Limited
Data last updated: 26 July 2025
Medbay India Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It specialises in diversified financial services, a part of the broader financial services sector. Incorporated on 02 December 2015, the company has been in operation for over 11 years.
Registered with ROC Delhi under CIN U74999DL2015PTC288081.
Capital: an authorised share capital of ₹83 Lakh and a paid-up capital of ₹26.05 Lakh. It is led by directors including Kailash Gupta and Damodar Gupta Prasad.
Last AGM: 30 September 2022. Financial statements filed for year ended 31 March 2022. Office: 30 Malka Ganj 30 Ua Jawahar Nagar, New Delhi, Delhi, India – 110007.
As per the financials filed for FY 2022, the company reported a revenue of ₹18.49 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 57 employees as per the latest available data.
The company is associated with 2 brands - Letsmd, Carecover.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is payivf.com.
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Registered Address30 Malka Ganj 30 Ua Jawahar Nagar, New Delhi, Delhi, India – 110007
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IndustryFinancial Services, Diversified Financial Services
- 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 Medbay India Private Limited
Medbay India Private Limited operates two associated brands: LetsMD and CareCover. These brands represent Medbay India Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Platform offering medical financing solutions | letsmd.com | |
| Healthcare expenses are financed via a specialized credit card. | carecover.in |
Competitors & Alternatives of Medbay India Private Limited
Brands and companies operating in the same space as Medbay India Private Limited include BankBazaar, Alyve Health, ManipalCigna Health Insurance and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
BankBazaar
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Financial products, loans, and credit scores are aggregated and compared. | Chennai, India, India | 2008 |
Alyve Health
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Provider of AI based health monitoring and wellness benefits platform for employees and individuals | Mumbai, India, India | 2020 |
ManipalCigna Health Insurance
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An online platform for customized health insurance policies is provided. | Mumbai, India, India | 2012 |
Arogya Finance
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Medical loans are extended to unbankable individuals and families. | Mumbai, India, India | 2011 |
AyushPay
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Healthcare plans with medical loans and benefits are provided. | Delhi, India, India | 2021 |
Vital
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Usage-based health insurance is offered to individuals and businesses. | Delhi, India, India | 2019 |
Qonect
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Healthcare financing is provided through an online credit platform. | Churachandpur, India, India | 2018 |
Auditor Details of Medbay India Private Limited
Medbay India Private Limited is audited by A L P & ASSOCIATES for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A L P & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Medbay India Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Medbay India Private Limited
Medbay India Private Limited is currently managed by 3 directors, with 9 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 |
|---|---|---|---|---|
| Kailash Gupta | Director | 31 Dec 2020 | 5 Years 7 Months | As last reported |
| Damodar Gupta Prasad | Irp/Rp/Liquidator | 20 Mar 2023 | 3 Years 4 Months | As last reported |
| Nivesh Khandelwal | Director | 02 Dec 2015 | 10 Years 8 Months | As last reported |
Financials of Medbay India Private Limited FY 2022 filings available
Medbay India Private Limited reported revenue of ₹18.49 Cr (up 1003.00% YoY) for FY 2022.
Ten-year financial statements for Medbay India Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Medbay India Private Limited
Shareholding and ownership data for Medbay India Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings Medbay India Private Limited
Medbay India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Medbay India Private Limited
Medbay India Private Limited has a workforce of 57 employees as of Apr 05, 2024.
Employee and EPFO history for Medbay India Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Medbay India Private Limited
GST registrations and filing compliance for Medbay India Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
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Credit Ratings, Litigation & Regulatory Alerts for Medbay India Private Limited
Credit ratings, litigation, and regulatory alerts for Medbay India Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Medbay India Private Limited
MSME payment history for Medbay India Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Medbay India Private Limited
Corporate group structure for Medbay India Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Medbay India Private Limited
MCA filings and documents for Medbay India Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Medbay India Private Limited
Recent News on Medbay India Private Limited
Frequently Asked Questions about Medbay India Private Limited
Medbay India Private Limited is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Medbay India Private Limited is a company under liquidation, formerly operating as a private limited company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 02 December 2015 and is registered under CIN U74999DL2015PTC288081. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Medbay India Private Limited reported revenue of ₹18.49 Cr for FY 2022 (up 1003.00% YoY).
The current directors of Medbay India Private Limited are:
- Kailash Gupta - Director
- Damodar Gupta Prasad - Irp/Rp/Liquidator
- Nivesh Khandelwal - Director
The CIN (Corporate Identification Number) of Medbay India Private Limited is U74999DL2015PTC288081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Medbay India Private Limited is financial services. The company specifically operates in diversified financial services.