Medi Assist Achieves 24% Revenue Growth, Boosts Margins 154 bps QOQ and Goes Debt-Free

 BENGALURU, India – February 9, 2026 – Medi Assist Healthcare Services Limited (“Medi Assist” or the “Company”), India’s foremost technology-driven health benefits administrator for Insurers, Group/Retail Policyholders, and Government Health schemes today reported strong Q3 and 9M FY26 results ended December 31, 2025.

Financial Highlights 9M FY26: Robust growth, margin expansion, and a strong balance sheet mark this period.

●    Operating Revenue: +24.0% YoY.

●    EBITDA: 21.7% (ex-Paramount); Standalone Paramount TPA improved +557 bps QOQ.

●    Cash & Debt: INR 200.1 Cr free cash; debt reduced to INR 39.4 Cr (Dec ’25), and the company became debt-free from Jan ’26 onwards.

●    Adjusted PAT: INR 46.3 Cr (excluding one time exceptions).

Operating Highlights 9M FY26: Premium surge and share gains, fuel robust performance.

●    Premium Growth: Total Group + Retail premiums administered grew by 21.9% YoY to INR 19,298.1 Cr.

●    Market Share Expansion:

○     Share of Group + Retail premiums under administration grew to 21.1%, an expansion of 133 bps YoY.

○     Group market share grew to 32.2%, an expansion of 307 bps YoY.

●    Total claims processed - 72.91 Lakh:

○     17.22 Lakhs Cashless IP (inpatient), 9.80 lakhs Reimbursement IP

○     18.22 Lakhs Cashless OP (outpatient), 27.67 lakhs Reimbursement OP

Technology Updates:

Interest in Medi Assist’s proprietary technology offerings continues to surge, with revenues growing 81.5% YoY. AI trials underway with insurers in India and abroad.

 

Product / Platform	Key Performance Indicators
MAven Guard	Flagged ~INR 400 Cr potential fraud in claims (+65.9% YoY)
Raksha Prime	~35,000 patients, every month, discharge from a hospital with zero-waiting across ~6,000 hospitals
MAgnum	Hospital-facing digital platform enabling self-service ‘Raksha Prime’ activation

 MAven Guard and Raksha Prime now integrate as add-ons with legacy/proprietary systems, including insurers' captive claims processing centres, expanding Medi Assist's reach ecosystem-wide.

Paramount TPA Integration Updates:

●    Corporate Restructuring: Board-approved transfer of Paramount TPA business to Medi Assist TPA, effective Feb 1, 2026. This will ensure continued Policyholder protection, operational continuity, and seamless service delivery.

●    Tech Migration: Medi Assist tech platform went live for Paramount TPA.

 Satish Gidugu, CEO, Medi Assist, said “Our AI-powered tech platform is redefining health benefits administration, driving revenue growth and margins while continuing to outpace industry. High client retention reflects deep partner trust. With Paramount integrated and partnerships expanding, we’re laser-focused on penetrating high-growth areas, scaling innovative tech and delivering operational excellence. These fundamentals position us for enduring profitable growth and transformative impact in India and beyond.”

Earnings conference call: 9th February 2026, 8:30 AM IST

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