Memg Fund Advisors LLP

Memg Fund Advisors LLP - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
LLPIN AAL-7243 Incorporated 16 January 2018 ROC Bangalore HQ Bangalore, Karnataka, India
Active Limited Liability Partnership financial services
Data last updated
Revenue · FY 2023
₹28.69 Lakh
▲ 194% YoY
Net loss · FY 2023
₹1.14 Cr
Net margin -398.9%
EBITDA · FY 2023
-₹2.29 Lakh
EBITDA margin -8%
Contribution obligation
₹600 Cr
As per LLP agreement
Open charges
₹60 Cr
Secured borrowings
LLP age
8 yrs
Est. 2018
Designated partners
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date

About Memg Fund Advisors LLP

Data last updated:

Memg Fund Advisors LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the health insurance providers segment of the financial services sector. It was incorporated on 16 January 2018 and has been in existence for over 8 years.

Its director Ranjan Pai is #57 among India's richest people (2026).

The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAL-7243.

The LLP has a total obligation of contribution of ₹600 Cr. It is led by designated partners Ranjan Ramdas Pai and Vaitheeswaran Seetharaman.

Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 24/1 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001.

As per the financials filed for FY 2023, the LLP reported a revenue of ₹28.69 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.14 Cr (net margin -398.9%) and EBITDA of -₹2.29 Lakh (EBITDA margin -8%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years.

As per MCA filings, the LLP has open charges of ₹60 Cr on record.

Company details

LLPIN AAL-7243
Incorporation Date 16 January 2018
Total Obligation of Contribution ₹600 Cr
ROC Bangalore
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
Key People
Ranjan Ramdas Pai Designated Partner Vaitheeswaran Seetharaman Designated Partner

Recognitions & Rankings of Memg Fund Advisors

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Memg Fund Advisors LLP's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.

  • Email
  • Registered Address
    24/1 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001
  • Industry
    Financial Services, Health Insurance Providers

To see the full contact details of Memg Fund Advisors LLP, buy the company report.

Comprehensive company report
Memg Fund Advisors LLP - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Financials of Memg Fund Advisors LLP

FY 2025 filings available

Memg Fund Advisors LLP reported revenue of ₹28.69 Lakh (up 194% YoY) for FY 2023.

Revenue · FY 2023
₹28.69 Lakh ▲ 194%
Net loss · FY 2023
₹1.14 Cr margin -398.9%
EBITDA · FY 2023
-₹2.29 Lakh margin -8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 194%
3 years · compounded
▼ 69%

Revenue rose 194% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 69%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income and Expenditure
Turnover
Other Income
Total Income
Purchases and Direct Costs
Personnel Expenses
Administrative Expenses
Interest
Depreciation
Total Expenses
Profit Before Tax
Tax
Profit After Tax-₹1.14 Cr
Profit Transferred to Partners
Assets and Liabilities
Partners' Contribution
Reserves and Surplus
Secured Loans
Unsecured Loans
Trade Payables
Other Liabilities and Provisions
Total Liabilities
Fixed Assets
Investments
Loans and Advances
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
Net Profit Margin-398.9%
Return on Partners' Funds
Return on Assets
Liquidity and Debt
Current Ratio
Debt to Partners' Funds
Interest Coverage
Efficiency and Growth
Asset Turnover
Receivable Days
Turnover Growth
Profit Growth

To see the full financial statements and ratios of Memg Fund Advisors LLP, buy the company report.

Designated partners of Memg Fund Advisors LLP

Memg Fund Advisors has 2 current designated partners and 3 former designated partners. Current designated partners are listed first, with their designation and appointment date.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Ranjan Ramdas Pai
Also directs: Aarin Asset Advisors LLP, Memg Family Office LLP, RSP Real Estate LLP and 5 more
Designated Partner24 Sep 20188 Years 1 MonthsCurrent
Vaitheeswaran Seetharaman
Also directs: Manipal Health Enterprises Limited, Manipalcigna Health Insurance Company Limited, Manipal Education and Medical Group India Private Limited and 5 more
Designated Partner26 Apr 20251 Years 6 MonthsCurrent
View all designated partners

Charges & borrowings

Open charges
₹60 Cr
Satisfied charges
None
Breakdown by lending institutions
Tata Capital Limited₹60.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Dec 2024101032187Tata Capital Limited₹60 CrOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Memg Fund Advisors LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Memg Fund Advisors LLP; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Memg Fund Advisors LLP has 5 designated partner changes on record since 2018: 2 appointments and 3 cessations. The latest: Shruti Ranjan Pai ceased to be Designated Partner on 26 Apr 2025.

Ceased
Shruti Ranjan Pai ceased to be Designated Partner.
Appointed
Vaitheeswaran Seetharaman was appointed as Designated Partner.
AGM
Memg Fund Advisors Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Memg Fund Advisors Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Tata Capital Limited amounted to Rs. 60.00 Cr with Charge ID 101032187 was registered on 18 Dec 2024.
Ceased
Ramdas Madhava Pai ceased to be Designated Partner.
Appointed
Ranjan Ramdas Pai was appointed as Designated Partner.
Ceased
Vasanthi Ramdas Pai ceased to be Designated Partner.
Incorporation
16 Jan 2018
Memg Fund Advisors Llp was registered on 16 Jan 2018 with Roc Bangalore & aged 8 years 9 months as per MCA records.

Frequently asked questions

Memg Fund Advisors is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in health insurance providers, within the financial services industry. It was incorporated on 16 January 2018 (8+ years old) and is registered under LLPIN AAL-7243.

Memg Fund Advisors has 2 current designated partners:

The latest financial statements of Memg Fund Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2018 are in the company report.

The LLPIN (Limited Liability Partnership Identification Number) of Memg Fund Advisors is AAL-7243. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Memg Fund Advisors was incorporated on 16 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.

Shruti Ranjan Pai ceased to be Designated Partner on 26 Apr 2025. Vaitheeswaran Seetharaman was appointed as Designated Partner on 26 Apr 2025. Ramdas Madhava Pai ceased to be Designated Partner on 24 Sep 2018. Memg Fund Advisors has 5 designated partner changes on record in total.

The registered office of Memg Fund Advisors is at 241 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001.

Memg Fund Advisors operates in the financial services industry, in the health insurance providers segment.

Memg Fund Advisors has open charges of ₹60 Cr and no satisfied charges on record as per latest MCA filings.

Memg Fund Advisors can be reached at its registered office: 241 15th Floor J W Marroitt Vittal Mallya Road Ashok Nagar, Bangalore, Karnataka, India – 560001.