Medi Assist Healthcare Services Limited
289.75
INR
-3.40
(-1.16%)
ISIN
INE456Z01021
Return %
Stock
S&P 500
1Y
-48.31
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Satish V. N. Gidugu
- Full Time Employees
- 9,243
- Sector
- Finance
- Industry
- Investment managers
- Address
- Tower D Bangalore KA India 560029
- IPO Date
- Jan 23, 2024
- Website
- mediassist.in
- Similar Companies
- Business
- Medi Assist Healthcare Services Limited operates as an integrated health benefits administrator primarily in India, delivering a broad range of healthcare and insurance-related services. The company provides third-party administration (TPA) services including claims management, cashless hospitalization facilitation, billing, customer care, fraud detection, and contract management. Its core offerings encompass digital health benefits administration through proprietary AI-powered platforms such as MAtrix and MAven that streamline claims processing, fraud detection, and customer experience. Medi Assist maintains an extensive healthcare provider network with over 18,700 hospitals across 1,069 cities and 31 states in India, alongside international benefits administration services spanning 185 countries through subsidiaries like Mayfair and IHMS. The company caters to corporate insurance clients, retail policyholders, government health schemes under the “Insurance for All” initiative, and global insurers managing international travel and employee healthcare benefits. Founded originally as Net Logistics Private Limited and headquartered in Bengaluru, Medi Assist is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Recently, Medi Assist completed the strategic acquisition of Paramount Health Services & Insurance TPA, adding approximately ₹4,000 crore in health premiums under administration and expanding its provider network significantly. This acquisition supports operational synergies and scales Medi Assist’s technology-driven automation for enhanced efficiency across health insurance segments. Additionally, Medi Assist entered a strategic partnership with Star Health and Allied Insurance to modernize claims processing using its AI-powered MAtrix platform, focusing on faster claim settlements, improved fraud prevention, and superior customer service. The company reported strong financial performance in fiscal year 2025, including a 28.5% increase in full-year profit after tax and a 14% rise in operating revenue, driven by insurer tie-ups, network expansion, and digital adoption. Medi Assist also continues to grow its government segment, including coverage expansion for gig workers in public health schemes, alongside maintaining a high client retention rate in its group business. Recent small tuck-in acquisitions aim to broaden Medi Assist's service scope further, confirming its position as India’s largest health benefits administrator with a growing international footprint. Medi Assist’s product portfolio thus includes health insurance third-party administration services, claims management and adjudication, provider network management, AI-driven fraud and waste detection, international benefits administration, government health scheme implementation, and customer support solutions. Its latest developments focus on technology-enhanced claim processing, strategic acquisitions, partnerships with insurers to improve operational efficiencies, and expansion in both domestic and international health benefits administration markets. This comprehensive approach positions Medi Assist as a leader in the insurtech and healthtech sectors within the health insurance ecosystem in India and globally.