Company Intelligence Profile
Annova Solutions Private Limited
Annova Solutions is a US-focused healthcare RCM (revenue cycle management) / risk-adjustment technology-services company headquartered (operationally) with delivery centers in Indore, India, serving US health plans, providers and ACOs.
Last updated 17 August 2026
Annova Solutions is a US-focused healthcare revenue cycle management and risk-adjustment technology services company with delivery centers in Indore, India, serving US health plans, providers, and ACOs. The company reported ₹50.72 Cr in revenue for FY2025 with a workforce of 776 employees as of March 2024. Annova claims over 20 million charts retrieved and more than 10 million charts coded annually.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Annova Solutions Private Limited |
|---|---|
| CIN | U93090MP2016PTC040658 |
| PAN | AAPCA5480L |
| Status | Active |
| Listing | Unlisted / Private Limited Company — not listed on any stock exchange |
| Incorporated | 30 April 2016 |
| ROC | RoC name conflicts across sources: TheCompanyCheck states "RoC Gwalior"; flagged as a source conflict. |
| Sector (NIC) |
|
| Registered address | Office No. 201, 2nd Floor, New IT Park Building, MPSEDC Premises, 142-A Electronics Complex, Pardeshipura, Indore, Madhya Pradesh – 452010 |
| Authorized capital | ₹20.0 Lakh |
| Paid-up capital | ₹9.69–9.7 Lakh |
Business Overview
- Annova Solutions is a US-focused healthcare RCM (revenue cycle management) / risk-adjustment technology-services company headquartered (operationally) with delivery centers in Indore, India, serving US health plans, providers and ACOs
- Core services: Chart Retrieval (audit-ready medical record retrieval), Risk Adjustment Coding (Medicare Parts C&D, ACA, Medicaid HCC coding, >95% accuracy claimed), HEDIS Quality Abstraction, and Clinical Documentation Improvement (CDI) support
- Claims 20+ million charts retrieved and 10+ million charts coded annually, 100%+ client retention
- EPFO employee count reported at 776 as of 28 Mar 2024
- Founded/led by Vikas Dubey (Founder & CEO) and Amit Jain (CTO & Co-Founder), matching the two registered directors — confirming this is the operating entity behind the annovasolutions.com website, not a group holding shell
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Vikas Dubey | 06734990 | - | 30 Apr 2016 |
| Amit Jain | 07463383 | - | 30 Apr 2016 |
Financials
- Revenue ₹50.72 Cr (down ~3% YoY). EBITDA, PAT and Net Worth for FY2025 were behind a paywall and not obtained
- Revenue band ₹1–100 Cr (exact figure locked)
- EBITDA growth +98.1% YoY, PAT growth +127.48% YoY, Total Assets growth +42.83% YoY, Borrowings change -46.89% YoY — all directional/percentage figures only, absolute values locked behind Tofler Pro
No absolute EBITDA, PAT, Net Worth, or Borrowings figures could be confirmed from open access on any allowed source. Partial confidence only — flagged as a data gap requiring paid/registry access for exact figures.
Charges / Loans
- TheCompanyCheck reports an open charge of ₹4.98 Cr with lender listed generically as "Others," registered 29 Aug 2021, modified 31 Jul 2023, with ₹0 satisfied charges
- Tofler reports a charge with ICICI Bank Limited for ₹5.0 Cr, modified 31 Jul 2023
- These likely refer to the same underlying charge (same modification date, near-identical amount) but the lender name and exact amount are not fully reconciled — treat lender as "ICICI Bank Limited " with partial confidence, since TheCompanyCheck did not name the lender
Legal
- No matching results found on Indian Kanoon for "Annova Solutions Private Limited," "Vikas Dubey," or "Amit Jain" in connection with this company (search returned 0 results)
- No known litigation
Competitors
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