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 Founder, Mr. Vish Kompella (IIT Chennai, 1987), is a serial entrepreneur with deep-touch investments in software, biotech and healthcare.
The Executive Directors comprises (a) Mr. MVS Srinivas Rao (IIMA 1991 – Group President) , who was heading the consulting practice for Deloitte India, in addition to several leadership roles in large corporates over 25 years (b) Ms. Santhi Priya (ACA, CWA – Group CFO), who has led complex fund raising and M&A deals over past 21 years (c) Mr. Kalyan Kompella (PGDM, Singapore – Exec. Director) who has led several 100 cr.+ projects and operations.
The CEO, Mr. Satyajeet Prasad (IIT KGP, IIML) is a Healthcare and IT Veteran with 20 years of GE Healthcare and Entrepreneruial experience. The leadership includes Vishal Ranjan (IITD, IIMC, AT Kearney) & Neeraj Kumar (IITD, IIML, Axa Insurance UK) who have built and exited successful IT ventures. The Medical Director, Dr NSVV Murty is a renowned Cardiac Anaesthetist with his own entrepreneurial ventures comprising 100+ medical employees.
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.
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Investor Presentation Sep 2018
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