Medi Assist FY26 Revenue Surges 25.1% to ₹904.8 Cr, Becomes Debt-Free
Medi Assist reported FY26 revenue growth of 25.1% to ₹904.8 Cr and became debt-free by March 2026. EBITDA grew 13.3% to ₹174.6 Cr. The company's AI platform processed nearly one million claims monthly, averting ₹540 crore in fraud. Technology platform revenues surged 91.9%.
The substantial revenue growth, debt-free status, and advancements in AI technology indicate a significant positive impact on the company's financial health and market position.
The company reported strong financial growth, becoming debt-free, and significant advancements in its AI-powered platform, which are all positive indicators.
Medi Assist Healthcare Services Limited announced its Q4 and FY26 results, reporting a strong year of financial growth and platform transformation.
The company achieved a full-year revenue growth of 25.1% year-on-year, with its TPA business growing by 25.5% and new business lines delivering 30.7% growth. Medi Assist demonstrated consistent margin expansion and transitioned to a debt-free and net-cash-positive position as of March 2026. This strengthened balance sheet will support investments in AI-led claims infrastructure, network expansion, fraud prevention, and member experience.
The company's AI-powered infrastructure is processing nearly one million claims monthly, enabling industry-leading turnaround times and higher automation. The MAven Guard engine, an AI-powered fraud detection system, helped avert approximately ₹540 crore in health insurance fraud during FY26. Medi Assist also expanded its healthcare access network, with over 12,000 hospitals actively submitting claims monthly and an additional 14,000+ hospitals accessible through its Cashless Everywhere capability.
Revenues from proprietary technology platforms grew 91.9% year-on-year, with MAtrix, the modular, API-first healthcare administration platform, now powering multiple private insurers. During FY26, Medi Assist launched MAgnum, a hospital-facing digital platform for self-service and streamlined workflows. The company also accelerated the migration of Paramount TPA onto its technology stack, enhancing digital claims processing and operational efficiencies.
Financial highlights for FY26 include Operating Revenue of ₹904.8 Cr (25.1% YoY growth), EBITDA of ₹174.6 Cr (13.3% YoY growth) with Q4FY26 EBITDA margins reaching 19.9%, and free cash of ₹260.5 Cr. The company became debt-free from January 2026 onwards. Adjusted PAT for FY26 stood at ₹68.8 Cr, with Q4FY26 Adjusted PAT at ₹22.4 Cr.
Operating highlights for FY26 show Group + Retail premiums administered grew by 22.8% YoY to ₹25,923.2 Cr. The share of Group + Retail premiums under administration grew to 20.7%, and Group market share expanded to 33.7%. A total of 100.3 Lakhs claims were processed, including 21.6 Lakhs Cashless IP and 12.9 Lakhs Reimbursement IP claims.
Satish Gidugu, CEO, Medi Assist, stated that FY26 was a milestone year combining strong growth with deep technology-led transformation, enabling future investments and scaling of AI-powered platforms. The company also established new strategic partnerships with global insurance leaders to deliver seamless cross-border healthcare experiences.
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