About Company

• The Company was originally incorporated as ‘Berkmeer India Pvt. Ltd’ in July 2021, Bengaluru, Karnataka. The name was changed to ‘Sagility India Pvt. Ltd’ in September 2022. Subsequently, on conversion to a public limited company, the name was changed to ‘Sagility India Ltd’, in May 2024.
• The company was incorporated in July 2021, and it acquired the healthcare services business of the predecessor company -Hinduja Global Solutions in January 2022. The predecessor company commenced providing services to Payer clients in 2000 and gradually increased the scope of services provided to Payers and Providers.
• Sagility India is technology-enabled, pure-play healthcare focused solutions and services provider to Payers -U.S. health insurance companies, which finance and reimburse the cost of health services; and Providers -primarily hospitals, physicians, and diagnostic and medical devices companies.
• The company has become one of the largest tech-enabled healthcare specialists (by revenue) with coverage across payer and provider markets. Within the healthcare operations outsourced market, the company had a share of ~ 1.18% and ~ 1.23% in 2022 and 2023 respectively.
• The company was ranked as a Leader by Avasant in their Clinical Services Business Process Transformation RadarView report 2023 and as a Leader in Everest’s Healthcare Payer Operations PEAK Matrix Assessment 2023.
• As of June 30, 2024, its 5 largest client groups had an average tenure of 17 years with the Business. As of January 2024, the company served 5 of the top 10 Payers by enrolment in the U.S. Further, during FY 2024 and 2023 and the quarter ended June 30, 2024, the company has added 22 new clients. In FY 2024, the company helped its Payer clients process 105 million claims and handle over 75 million Member and Provider interactions.
• The company has consistently increased the scope of services provided to clients and the number of clients, leading to growth in revenues. The company’s revenue from operations grew by 9.61% to ? 1,223.33 Cr for the quarter ended June 30, 2024, from                       ? 1,116.09 Cr for the quarter ended June 30, 2023, and by 12.69% to ? 4,753.60 Cr in FY2024 from ? 4,218.4 Cr in FY Year 2023. The company reported EBITDA margins of 23.48% and 17.85% for FY2024 and for the quarter ended June 30, 2024, respectively.

Strengths

Competitive Strength 

• Leader in the large and resilient U.S. Payer and Provider solutions market;
• Domain expertise in healthcare operations, with end-to-end service offerings to Payers and Providers;
• Suite of scalable, technology-enabled services and solutions, supported by proprietary tools and platforms;
• Deep, long-term, expanding client relationships across healthcare Payers and Providers;
• Multi-shore, scalable and flexible delivery model with certified data protection and service standards;
• Strong financial performance and high margins;
• Experienced management and board, motivated employee base, marquee sponsor support and a sustainability focused culture.

 Business Strategies 

• Strengthen relationships with existing clients, expand offerings and increase the share of their wallets;
• Establish new client relationships across categories;
• Enhance the portfolio of technology tools and platforms;
• Pursue strategic acquisitions and collaborations.

Company Promoters

Company Financials

Sagility India Limited's revenue increased by 13% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The objectives of the Offer are to:

1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and
2. Carry out the Offer for Sale of up to 702,199,262 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.