Paramount Health Services - About the company
Paramount Health Services is an acquired company based in Mumbai (India), founded in 1996 by Sandhya Shah and Nayan Shah. It operates as a Provider of healthcare insurance outsourcing services. Paramount Health Services has raised an undisclosed amount in funding, with last known valuation of $*****.
Company Details
Provider of healthcare insurance outsourcing services. It offers a range of health services and insurance-related services such as health insurance services, cashless hospitalization services, claim processing, settlement services and more.
- Website
- www.paramounttpa.com
- Registered Address
- Plot No. A-442, Road No. 28, MIDC Industrial Area, Wagle Estate Ram Nagar Nr. Vitthal Rukhm, ani Mandir, Thane, Thane, Maharashtra, India, 400604
Key Metrics
Founded Year
1996
Location
Mumbai, India
Stage
Acquired
Latest Funding Round
Last Known Valuation
$***** as on Aug 26, 2024
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
1,636 as on Mar 31, 2026
Exit Details
Acquired by Medi Assist (Aug 26, 2024)
Legal entities associated with Paramount Health Services
Paramount Health Services is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARAMOUNT HEALTH SERVICES & INSURANCE TPA PRIVATE LIMITED CIN: U85190MH2001PTC133736 , India, Active | Oct 19, 2001 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 341 (As on Jun 30, 2024) |
Paramount Health Services's acquisition details
Paramount Health Services got acquired by Medi Assist on Aug 26, 2024 at an acquisition amount of $*****.
Click here to take a look at Paramount Health Services's acquisition in detail
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Paramount Health Services's funding and investors
Paramount Health Services has raised funding over 1 round. Its latest funding round was a Conventional Debt round on Jul 11, 2013 for $*****. 1 investor participated in its latest round. Paramount Health Services has 2 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Paramount Health Services:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 11, 2013 | 7930982 | Conventional Debt | 5010783 | 7874419 | 9628464 | 6706969 |
Access funding benchmarks and valuations. Sign up today!View details of Paramount Health Services's funding rounds and investors
Paramount Health Services' founders and board of directors
Founder? Claim ProfileThe founders of Paramount Health Services are Sandhya Shah and Nayan Shah.
Here are the details of Paramount Health Services' key team members:
- Sandhya Shah: Co-Founder of Paramount Health Services. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Nayan Shah: Co-Founder & Managing Director of Paramount Health Services and founder of 1 other company. They serve on the boards of 2 companies.
Paramount Health Services' Board of Directors
Paramount Health Services's board has 5 active members. Sandhya Shah, Nayan Shah and Belavadi Srikantaiya Shivakumar are part of team and Pravin Natvarlal Vepari and Hemant Nagindas Kansaria are independent board members.Here is the list of Paramount Health Services' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 17y 3m | |
Team | - | Current | 12y 3m | |
hgcszpi | Team | - | Past | 7y 5m |
kjryift | Team | - | Past | 6y 6m |
Independent board member | - | Current | 11y 7m | |
zrzlind | Independent board member | - | Current | 4y 6m |
niejgqy | Independent board member | - | Past | 9y 4m |
fvcklmb | Independent board member | - | Past | 6y 4m |
okyfcgt | Independent board member | - | Past | 2y 5m |
View details of Paramount Health Services's Founder profiles and Board Members
Paramount Health Services' employee count trend
Paramount Health Services has 1,636 employees as of Mar 26. Here is Paramount Health Services's employee count trend over the years:
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Paramount Health Services's Investments and acquisitions
Paramount Health Services has made no investments or acquisitions yet.
Reports related to Paramount Health Services
Here is the latest report on Paramount Health Services's sector:
News related to Paramount Health Services
Filter this listMedia has covered Paramount Health Services for a total of 4 events in the last 1 year, 1 of them has been about partnerships.
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Paramount Aims for $6B in Savings in WBD AcquisitionDeadline•Dec 09, 2025•Warner Bros. Discovery, Netflix, Paramount, Skydance and 1 other
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Paramount Counters Netflix's WBD Bid With Kushner, Sovereign FundBenzinga•Dec 09, 2025•Netflix, Warner Bros. Discovery, Paramount, Skydance and 4 others
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TPA Medi Assist receives Rs 198 cr investment from MIT to drive digital health transformation.New Indian Express•Oct 11, 2025•Medi Assist, Massachusetts Institute of Technology, Paramount Health Services, Star Health and Allied Insurance
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Medi Assist finalizes Paramount TPA acquisition for Rs 311.8 crore to enhance health premium administrationNewsDrum•Jul 02, 2025•Medi Assist Insurance TPA, Paramount Health Services
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Medi Assist acquires Fairfax-backed Paramount TPA for Rs 312 croreMergersIndia•Aug 27, 2024•Medi Assist, Paramount Health Services, Fairfax Financial Holdings
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Medi Assist to acquire Paramount Health for over Rs 400 crNewsDrum•Aug 26, 2024•Paramount Health Services, Medi Assist
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Medical Mutual to buy ProMedica's insurance businessBecker's Hospital Review•Jan 29, 2024•Medical Mutual of Ohio, Paramount, Paramount Health Services, ProMedica
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Paramount results up in Q3 as streaming reduces losses, grows revenuesTelecompaper•Nov 03, 2023•Paramount Health Services
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Paramount scraps $3B auction of BET as Tyler Perry’s offer comes in lowNew York Post•Aug 18, 2023•Paramount, BET, Paramount Health Services
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