When was IHX founded?

IHX was founded in 2009 and raised its 1st funding round 14 years after it was founded.

Where is IHX located?

IHX is headquartered in Bengaluru, India. It is registered at IndiQube Plaza, 2nd Floor, No. 6, PID No. 73-19-6, BBMP Ward No. 113, NAL, Wind Tunnel Road, Murugesh Palya, NAL, Bangalore, Bangalore North, Karnataka, India, 560017.

Who is the current CEO of IHX?

Mahesh Nagarajiah of IHX. They have also founded 1 company.

Which legal entities is IHX associated with?

IHX is associated with IHX PRIVATE LIMITED.

How many employees does IHX have?

As of Aug 31, 2025, the latest employee count at IHX is 112.

Is IHX a funded company?

IHX is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 30, 2023.

How much is IHX worth?

The last known valuation of IHX was $***** as of Jun 30, 2023.

When was the latest funding round of IHX?

IHX's latest funding was a $***** Seed round on Jun 30, 2023, with participation from 7 investors.

What is the annual revenue of IHX?

Annual revenue of IHX is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does IHX rank among its competitors?

IHX ranks 14th amongst 190 active competitors, of which 38 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Connie Health, which secured $40M in Jun, 2026.

Who are the top competitors of IHX?

IHX's top competitors include Cigna, GSC and Mighty. Among them, Connie Health secured the most recent funding round in June, 2026.

IHX - 2026 Company Profile, Team, Funding, Competitors & Financials

IHX is an acquired company based in Bengaluru (India), founded in 2009 by Sanjay Kalra, Ajay Bakshi, Mahesh Nagarajiah, Sanjay Kalra and Ambuj Kashyap. It operates as a Cloud-based patient claims management solutions. IHX has raised $2.6M in funding from Quik Solutions, with last known valuation of $*****. The company has 190 active competitors, including 38 funded and 14 that have exited. Its top competitors include companies like Cigna, GSC and Mighty.

Company Details

Cloud-based patient claims management solutions. The platform provides claims management, in-patient, management, out-patient management, marketing & inventory management, and revenue cycle management solution for hospitals.

Website: www.ihx.in/
Email ID: *****@ihx.in
Registered Address: IndiQube Plaza, 2nd Floor, No. 6, PID No. 73-19-6, BBMP Ward No. 113, NAL, Wind Tunnel Road, Murugesh Palya, NAL, Bangalore, Bangalore North, Karnataka, India, 560017

Key Metrics

Founded Year

2009

Location

Bengaluru, India

Stage

Acquired

Total Funding

$2.6M in 1 round

Latest Funding Round

Seed, Jun 30, 2023, $*****

Last Known Valuation

$***** as on Jun 30, 2023

Investors

Quik Solutions & 6 more

Ranked

14^th among 190 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

112 as on Aug 31, 2025

Similar Companies

Cigna & 162 more

Exit Details

Acquired by Perfios (Apr 28, 2025)

View IHX's full profile

IHX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
IHX PRIVATE LIMITED CIN: U72900KA2020PTC138527 , India, Active	Sep 12, 2020	₹10 - ₹50 Cr (As on Mar 31, 2025)	112 (As on Aug 31, 2025)

IHX got acquired by Perfios on Apr 28, 2025.

Click here to take a look at IHX's acquisition in detail

IHX has raised a total funding of $2.6M over 1 round. Its latest funding round was a Seed round on Jun 30, 2023 for $*****. 7 investors participated in its latest round. IHX has 2 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of IHX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2023	3694461	Seed	4493539	3064590	8507409	4250081

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View details of IHX's funding rounds and investors

The founders of IHX are Sanjay Kalra, Ajay Bakshi, Mahesh Nagarajiah, Sanjay Kalra and Ambuj Kashyap. Mahesh Nagarajiah is the CEO of IHX.

Here are the details of IHX's key team members:

Sanjay Kalra: Co-Founder of IHX. They are also an angel investor in 1 startup.
Ajay Bakshi: Co-Founder of IHX. They serve on the boards of 2 companies.
Mahesh Nagarajiah: Co-Founder & CEO of IHX. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Sanjay Kalra: Founder and Chairman of IHX.
Contact Info: 1 phone number
Ambuj Kashyap: Co-Founder of IHX.
Contact Info: 1 email address

IHX's Board of Directors

IHX's board has 5 active members. Sanjay Kalra, Ajay Bakshi and Mahesh Nagarajiah are part of team and Prasad Kailash Krishnamorthy and Sumit Nigam are independent board members.

Here is the list of IHX's board of directors:

Name	Type	Representing	Status	Duration
Mahesh Nagarajiah	Team	-	Current	5y 6m
pduehuc	Team	-	Past	3y 1m
Sanjay Kalra	Investor	-	Current	6y 0m
Prasad Kailash Krishnamorthy	Independent board member	-	Current	1y 4m
jjzrhdd	Independent board member	-	Current	2y 8m

View details of IHX's Founder profiles and Board Members

IHX's employee count trend

IHX has 112 employees as of Aug 25. The total employee count is 5.0% more than what it was in Aug 24. Here is IHX's employee count trend over the years:

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Top competitors of IHX include Cigna, GSC and Mighty. Here is the list of Top 10 competitors of IHX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cigna 1792, Philadelphia (United States), Public	Provider of health insurance, dental plans and medicare coverage	-	JANA Partners, Tekla Capital Management & 3 others	71/100
2nd	GSC 1957, Toronto (Canada), Unfunded	Provider of multiple healthcare services for individuals and organizations	-	-	70/100
3rd	Mighty 2015, New York City (United States), Series B	Provider of software solutions for the management of legal funding	$14.2M	Tribeca Venture Partners, IA Ventures & 11 others	63/100
4th	Cotiviti 1979, Atlanta (United States), Acquired	Provider of analytics-driven payment accuracy solutions for healthcare payers	-	Oak HC/FT, Veritas Capital & 2 others	63/100
5th	Care.fi 2021, Gurugram (India), Series A	Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers	$10.6M	Trifecta Capital, Kettleborough VC & 51 others	61/100
6th	Healthcare Interactive 2006, Glenwood (United States), Series A	Developer of an AI-powered platform for insurance and healthcare administration	$16.8M	Grotech Ventures, Maryland Venture Fund & 2 others	60/100
7th	Connie Health 2019, Brookline (United States), Series B	Provider of Medicare plan selection assistance and licensed insurance agents	$85M	Health Quest Capital, Abstract Ventures & 10 others	59/100
8th	Alaffia Health 2020, New York City (United States), Series B	AI platform for healthcare claims management and automation	$72M	Transformation Capital, FirstMark & 12 others	58/100
9th	Vitraya 2019, Delhi (India), Series A	Platform offering claims processing for healthcare sector	$12.8M	Startupxseed Ventures, CACTUS & 47 others	58/100
10th	ABI Health 2013, Bengaluru (India), Series A	Provider of AI-driven solutions for healthcare operations	$16.1M	East Eight Six Advisors, InvAscent & 21 others	57/100
14th	IHX 2009, Bengaluru (India), Acquired	Cloud-based patient claims management solutions	$2.6M	Logx Venture Partners, Quik Solutions & 5 others	55/100

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Looking for more details on IHX's competitors? Click here to see the top ones

Founders (largest shareholder) own 80.98%, Enterprises own 0.20%, Angels own 0.34% and Other People own 0.67%. The net worth of IHX's founders is INR 300Cr as of Jun 30, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	80.98%	300Cr	1687243	6399270	6923825	5794658
Sanjay Kalra	4403989	7094850	5767235	8940655	5478117	5652027
Ambuj Kashyap	0	0	0	0	0	0
Enterprise	0.20%	75L	0	0	0	0
Angel	0.34%	1.25Cr	0	0	0	0
Gaurav Deepak	0	0	0	0	0	0
Other People	0.67%	2.5Cr	0	0	0	0
ESOP Pool	15.51%	57.5Cr	3730635	6369112	4327146	3304550
Other Investors	2.28%	8.46Cr	43	93	30	50
Total	99.98%	370Cr	8911507	1198011	3596049	9247279