Company Intelligence Profile
Claritrics India Private Limited
Claritrics India Private Limited is the Chennai-based Indian delivery/operations subsidiary of Claritrics Inc.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Claritrics India Private Limited |
|---|---|
| CIN | U72200TN2018PTC123179 |
| PAN | AAHCC6213H (Tofler) |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 12 June 2018 (Tofler, TheCompanyCheck agree; ZaubaCorp snippet shows a conflicting "12 Dec 2018" — treated as a lower-reliability outlier per source list, 12 June 2018 taken as correct) |
| ROC | RoC Chennai / Tamil Nadu (sources use "RoC Tamil Nadu" and "RoC Chennai" interchangeably — same registry) |
| Sector (NIC) | Business Process Outsourcing / IT-enabled services — "Other information & communication service activities; back-office operations including insurance claim services and medical transcription services" (Tofler/TheCompanyCheck). NIC-code business line: healthcare RCM (revenue cycle management) and medical coding automation. |
| Registered address | 46/50, Indira Nagar Main Road, Opposite Ann Hospital, Valasaravakkam, Chennai, Tamil Nadu 600087 (Tofler, TheCompanyCheck, Tracxn all agree) |
| Authorized capital | Rs 45.00 lakh (Tofler, TheCompanyCheck, CrediHive agree) |
| Paid-up capital | Rs 44.03 lakh (Tofler, TheCompanyCheck agree; Economic Times snippet notes "100% paid-up" of authorized, roughly consistent) |
Business Overview
Confirmed- Claritrics India Private Limited is the Chennai-based Indian delivery/operations subsidiary of Claritrics Inc. (New York, USA), which trades under the consumer brand "BUDDI.AI." The group builds a deep-learning/AI platform automating healthcare revenue-cycle management — autonomous medical coding, claim-denial prevention, clinical documentation improvement, patient registration, billing automation and prior-authorization processing — serving US healthcare providers, payers and health information exchanges
- Founded in 2013 by Ram (Ramachandran) Swaminathan, Sudarsun Santhiappan and Venkatesh Prabhu (Gopalan)
- platform is described as HIPAA/SOC 2 compliant, deployed on Microsoft Azure, with an IIT-Madras research partnership
- Confirmed: the corporate website claritrics.com 301-redirects to buddi.ai — same operating entity, brand renamed to BUDDI.AI (source: direct fetch + DuckDuckGo snippets citing Dealroom/Crunchbase "legally known as Claritrics Inc.")
Directors
ConfirmedCurrent (per TheCompanyCheck, appointment dates shown; DINs per Tofler):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ramachandran Swaminathan | 06817363 | director since 29 Mar 2019 co-founder | - |
| Malathi Swaminathan | 08246975 | director since 02 Sep 2024 also director of group companies Claritrics Technologies Pvt Ltd and Pranhaa 23 Pvt Ltd; confirmed by 2 sources | - |
GST Registrations
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 33AAHCC6213H1ZZ | Tamil Nadu | AAHCC6213H (Tofler) | Active |
| 07AAHCC6213H1ZU | Delhi | AAHCC6213H (Tofler) | Cancelled |
Primary GSTIN: 33AAHCC6213H1ZZ (Tamil Nadu, state code 33) — registered 09 Feb 2019, Regular taxpayer, Active. PAN AAHCC6213H matches company PAN (Tofler) — no entity-confusion risk. One additional GSTIN found: 07AAHCC6213H1ZU (Delhi, state code 07) — status Cancelled. Total registrations found: 2 (1 active, 1 cancelled). Home state: Tamil Nadu.
Financials
Partial / conflictingLatest audited FY referenced: FY2023 (year ended March 2023), standalone basis (Tofler).
| Revenue | Rs 25–50 crore band (Tofler operating-revenue range), +12.35% YoY — exact figure paywalled ("not obtained" precisely) |
|---|---|
| EBITDA | exact figure paywalled; +43.76% YoY |
| PAT | declined -25.78% YoY; net profit margin -2.01% (loss-making on this metric) |
| Net worth | +48.33% YoY (exact figure not obtained) |
| Total borrowings | +1024.91% YoY; debt-to-equity 2.29; ROE -32.54% |
| AGM | 21 Dec 2024; balance sheet filed as of 31 Mar 2024 (InstaFinancials) |
Overall picture: growing revenue, improving EBITDA, but a net loss and sharply higher leverage in FY23 — precise Rs-crore figures not obtained (behind Tofler Pro paywall); no Screener/Moneycontrol data available since the company is private/unlisted.
Funding
Partial / conflicting- No India-entity-specific funding round found (this is an operating subsidiary, not typically a separate fundraising vehicle)
- At the parent (Claritrics Inc./BUDDI.AI, US) level: Tracxn/Crunchbase/Dealroom show one recorded early round — ~$201,000, Venture (series unknown), dated 15 Sep 2013, investors including Bluehill VC and Keiretsu Forum (4 investors total, 2 unnamed)
- Separately, "ASA Capital acquired BUDDI AI (Claritrics Inc.)" in 2020 per a Dealroom-indexed listing (dealert.ai) — deal size not disclosed in any source checked
- Round names only, per Tracxn-sourcing rule
- treat as parent-company/indicative, not confirmed India-entity funding
Charges & Loans
Confirmed- One open charge found (Tofler): HDFC Bank Limited — Rs 2.0 crore — charge created 19 Jan 2023
- No other charges located
Legal / Litigation
ConfirmedIndian Kanoon — two matters found naming the company as party: 1. Claritrics India Private Limited vs The Assistant Commissioner (ST), Madras High Court, order dated 04 Sep 2024 (Justice Krishnan Ramasamy) — a GST/sales-tax dispute; company represented by Director Ramachandran Swaminathan. 2. Claritrics India Private Limited vs DCIT, Corporate Circle 1(1), Chennai — Income Tax Appellate Tribunal, Chennai, dated 04 Aug 2025, Assessment Year 2021-22 — company as appellant. No other litigation found.
Competitors
ConfirmedAI-driven medical coding / healthcare RCM automation peers (buddi.ai's actual competitive set):
- Fathom Health (US) — autonomous medical coding, claims millions of charts/day processed — similar/larger scale
- Nym Health (US/Israel) — autonomous AI medical coding engine — similar scale
- CodaMetrix (US) — AI autonomous coding platform backed by major US health systems — larger scale
- 3M Health Information Systems (US) — legacy/incumbent computer-assisted coding vendor — much larger, established incumbent
- R1 RCM / Optum360 (US) — large-scale healthcare revenue-cycle BPO/tech providers — much larger scale
- Indian RCM/medical-coding BPO peers for context: Omega Healthcare, AGS Health (both Indian-origin healthcare RCM/BPO firms) — comparable or larger scale in the India-delivery RCM space
Frequently Asked Questions
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