Raksha Health Insurance Tpa Pvt. Ltd.
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Raksha Health Insurance Tpa Pvt. Ltd. - overview
Established
2002
Location
Faridabad, Haryana, India
Primary Industry
Insurance
About
Based in Haryana, India, and founded in 2002, Raksha Health Insurance Tpa Pvt. Ltd. is a third-party administrator providing services through web-based technology that links the insurer, insured, and provider. Nitasha Nanda is the Chairperson, and Pawan Kumar Bhalla is the Managing Director of the company.
In March 2023, Medi Assist India TPA Pvt. Ltd. acquired Raksha Health Insurance Tpa Pvt. Ltd.
As of March 2023, the company served 88 locations. The company provides a line of services, including enrollment, e-card/ID card, claims registration, claim intimation, bank details update, online grievance redressal, fraud, and abuse, auto claim adjudication, cashless, and claim processing within the guidelines of the regulator. The company allows users to search for network providers for PPN Hospital, Network Hospital, labs, and diagnostics.
Current Investors
Medi Assist Healthcare Services Limited
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Insurance Intermediaries, Web Applications
Website
www.rakshatpa.com
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Raksha Health Insurance Tpa Pvt. Ltd. - timeline of key events
Raksha Health Insurance Tpa Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 277,949,272 | 342,383,335 | 403,283,784 | 550,196,844 | 627,680,750 | 635,849,879 | 667,658,864 | - | - | - |
| % Revenue Growth (YoY) | - | 23.2% | 17.8% | 36.4% | 14.1% | 1.3% | 5.0% | - | - | - |
| EBITDA (USD) | 12,657,910 | 49,395,707 | 78,529,969 | 153,637,782 | 153,998,900 | 131,291,942 | 138,994,877 | - | - | - |
| Operating Income (USD) | 6,681,470 | 38,392,853 | 69,000,882 | 141,308,915 | 139,430,296 | 116,278,032 | 123,757,701 | - | - | - |
| Operating Margin | 2.4% | 11.2% | 17.1% | 25.7% | 22.2% | 18.3% | 18.5% | - | - | - |
| % EBITDA Margin | 4.6% | 14.4% | 19.5% | 27.9% | 24.5% | 20.6% | 20.8% | - | - | - |
| NET Income (USD) | 2,825,081 | 36,775,681 | 59,749,218 | 109,570,023 | 110,903,791 | 114,119,749 | 119,152,383 | - | - | - |
| % Net Margin | 1.0% | 10.7% | 14.8% | 19.9% | 17.7% | 17.9% | 17.8% | - | - | - |
Raksha Health Insurance Tpa Pvt. Ltd. - employee data
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