Founded in 1991, Virinchi Limited is a BSE listed, Fintech and Healthcare company with a Market leading Loan Management System for Short Term Micro Credit Industry, Full Scale IT services with deep competency in Analytics & Mobility and Healthcare Delivery Business in India comprising Three Operating Hospitals with a Pan-India Healthcare Mobility solution.
The 1400 people firm is led by First Generation IIT/IIM Entrepreneurs and operates out of its Corporate Office in Banjara Hills, Hyderabad & US Headquarters at Edison, New Jersey.
We are the global market leader in FINTECH for retail micro credit industry. The products include QFund, PayEz and vCard. QFund is used for end to end loan lifecycle management. PayEz is a line of credit Mobile App for sub-prime customers. vCard is India's first Mobile first credit card which uses UPI to make payments.
KSoft Systems provides technology services to vast array of clients in the areas of LifeSciences, Finance, Technology, logistics, insurance etc.
Virinchi Hospitals owns and runs state of art multispecialty hospitals in India. The hospitals are unique delivering advanced medical technology & sophisticated in-house IT /mobility based systems driven patient care
QFund is a technology and segment leader for the short-term mortgage and lending industry in the US. The company, headquartered in New Jersey, USA, is led by professionals from the short-term loans industry with extensive domain knowledge.
vCard is India's first downloadable instant settlement credit card, based on UPI BHIM. It aims to provide financial services platform for digital payments, credit services and advertising services.
PayEz is an innovative Point of Sale Credit service IT platform providing lead sourcing, loan generation, machine learning underwriting, lender aggregation and integrated loan servicing for consumer loans.
V23 is a one-stop patient-centric app for all the healthcare needs. V23 provides access to specialist doctors, pharmacies, diagnostic tests and medical history all securely and at the comfort of your home. And V23+ is a healthcare practice management and patient engagement solution.
KSoft is a leading full-service IT company, based in Edison, NJ (USA), with deep expertise in SAP, Oracle, Java and .NET technologies. KSoft works with over 100 US clients across multiple industries. KSoft has been consistently providing the highest quality of service and has significant capabilities in Mobility, Analytics, Web development and Big Data.
KSoft owns and implements a range of comprehensive product suites tailored to suit industry verticals for Healthcare, Finance, Insurance, Telecom etc. together with key horizontals like ERP, e-Procurement, F&A, Project Management and Service Management.
KSoft provides a vast array of services like IT Services Lifecycle Management, ECM Services, IT Infrastructure Management, IT Staff Augmentation and Consulting Services across various platforms.
With a vision to serve technology enabled efficient healthcare to patients, Virinchi Group setup its Virinchi Hospitals chain. The flagship Virinchi Hospital with a capacity of 350 beds started in 2016, located at Banjara Hills in Hyderabad, Telagana.
Bristlecone Hospitals is a surgical specialty hospital which addresses the largest challenge in healthcare market - providing world-class healthcare at affordable prices.
Virinchi Combinatorics and System Biology aims at developing a comprehensive program for population health management through aggregated analytics on biomarkers and clinical outcomes.
Virinchi Learning, an institute funded by the National Skill Development Corporation, Govt. of India, is an initiative from the group to upskill unemployed graduates and provide education, training, and placement services to those enrolled with Virinchi Learning training programs.
The leadership team consists of first generation entrepreneurs with IIT/IIM backgrounds, who have successfully built and nurtured businesses.
The Founder & Chairman Emeritus, Mr. Vish Kompella (IIT Chennai, 1988) is a serial entrepreneur with deep-touch investments in information technology, healthcare and biotech.
The Executive Directors comprise of (1) Ms. Santhi Priya G (ACA, CWA), Group CFO & Whole Time Director, who has led the accounting, complex fund raising and M&A deals over the past 21 years, (2) Mr. M.V.Srinivasa Rao (BE, PGDM, IIM Ahmedabad, 1992), Group President & Executive Director, who headed the management consulting practice of Deloitte, India for their Hyderabad practice with over 25 years of experience in strategy & operations and corporate finance (3) Mr. Sri Kalyan Kompella (BE, PGDM, Singapore), Executive Director - Facilities, who has overseen EPC works of large projects including the flagship hospital at Banjara Hills, Hyderabad.
The Independent Directors comprise of (1) Tan Sri Kuna Sittampalam (BE & ME, Sheffield University, UK, the promoter of HSS Engineers Berhad, a leading Engineering Design, Construction Supervision, Project Management and Building Information Modelling Services company headquartered in Malaysia and having an office in Chennai, India, with over 30 years of business management experience, (2) Ms. K Kalpana (M.Sc Bio-Technology), with over 10 years of experience in the fields of Scientific Data Research Analysis and Clinical Data Management, (3) Mr. Ramam Madu (graduate in Commerce and Law), with over 30 years of experience in the fields of finance & accounts and administration.
The CEO, Mr. Satyajeet Prasad (IIT Kharagpur, IIM Lucknow) is a Healthcare and IT veteran with over 20 years of experience at GE Healthcare and as an entrepreneur in IT sector. The leadership team also includes Mr. Vishal Ranjan (IIT Delhi, IIM Calcutta), Group Head - New Businesses, with around 15 years of experience who worked with A.T. Kearney, one of the top 5 management consulting companies in the world and a leading finance and healthcare professional with a strong pedigree in building new businesses and innovative products and Mr. Neeraj Kumar (IIT Delhi, IIM Lucknow), Head US Business Development, with over 15 years of experience was a part of the global project implementations teams at AXA and PwC was also involved in setting up successful ventures in IT sector. The healthcare management consists of Dr. NSVV Murty (MBBS, MD, PDCC, CCST (UK), PGDM (Diab), FICCM), Medical Director is a renowned Cardiac Anaesthetist with over 30 years of experience, who for a while managed his own entrepreneurial venture with 100+ medical employees and Mr. Srinivas Myana (ICWA, ACS), CMO Healthcare, with over 20 years of experience in tax, finance, investment banking, real estate and healthcare.
Virinchi Ltd reported a consolidated revenue of Rs. 342 cr.(YoY @18.5%) with an EBIDTA of Rs. 96.9 cr (YoY @47%). The company had a PAT of Rs. 33 cr. (YoY @40%) and an EPS of 11.7 (YoY @32.5%) and aPost Tax Cash of 66.4 cr. The company has a total debt of 148 cr. and a Net worth of 255 cr.
Of the 342 cr., IT products (Qfund) comprised 129 cr (37% EBIDTA margin), IT Services (KSoft+) comprised 112 cr. (25% EBIDTA margin) and Healthcare comprised 101 cr. (20% EBIDTA margin). Going forward, the revenue growth and EBIDTA margins are expected to sustain.
There are 3 cr shares @ Rs. 10 outstanding, of which the Promoter group holds around 48% while the rest are publicly held.
Business Development and Support Services
340, RARITAN CENTER PARKWAY
: 732 696 2555
: 732 696 2554
8-2-672/5&6, Road No. 1,
Banjara Hills, Hyderabad - 500 034
: 91 (040) 4819 9999
Survey number 121
Pothayapally Village, Near Hakimpet Airbase
Ranga Reddy District