P&L Statement Example of Private Firm

MEDI ASSIST INSURANCE TPA PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2016 to 31/03/2017
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Corporate identity number U85199KA1999PTC025676
Permanent account number of entity AACCM8044R
Tower D, 4th Floor, IBC
Knowledge Park , 4/1,
Address of registered office of company Bannerghatta Road ,
Bangalore Bangalore ,
KARNATAKA , INDIA - 560029
Commercial and
Type of industry Industrial
Date of board meeting when final accounts were approved 16/05/2017
Date of start of reporting period 01/04/2016 01/04/2015
Date of end of reporting period 31/03/2017 31/03/2016
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2016
to
31/03/2017
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9971
FINANCIAL AND
Description of product or service category RELATED
SERVICES
Turnover of product or service category 189,55,56,547
Highest turnover contributing product or service (ITC 8 digit) code 99716100
Third Party
administration-
Licensed by
Description of product or service Insurance and
Regulatory
Development
Authority
Turnover of highest contributing product or service 189,55,56,547
Quantity of highest contributing product or service in UoM [pure] 0
MEDI ASSIST INSURANCE TPA PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017
[400400] Disclosures - Directors report
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
01 02 03 04
[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Medi Assist Medi Assist Medi Assist Medi Assist
Name of related party Healthcare Services Healthcare Services Healthcare Services Healthcare Services
Private Limited Private Limited Private Limited Private Limited
Nature of related party relationship Holding company Holding company Holding company Holding company
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
Medi Assist Medi Assist Medi Assist Medi Assist
Name of related party Healthcare Services Healthcare Services Healthcare Services Healthcare Services
Private Limited Private Limited Private Limited Private Limited
Nature of related party relationship Holding company Holding company Holding company Holding company
Service Agreement -
Description of nature of material Service Agreement
For facilitating Pre- Agreement-Expenses
-For using software Agreement-Business
contracts/arrangements/transactions with Policy health
and software related
pertaining to office
support services
related party check-ups and premises
services
relatedservices
Duration of material 28.03.2015 till 30.03.2016 till
contracts/arrangements/transactions with 15.12.2015 till date date(Effective from 1.10.2015 till date date(Effective from
related party 1st January 2015) 1st January 2016)
Dates of approval of material
contracts/arrangements/transactions with 15/12/2015 26/05/2015 04/09/2015 29/03/2016
related party by board
Amount paid as advances if any for material
contracts/arrangements/transactions with 0 0 0 0
related party
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] 1
01/04/2016
to 31/03/2016
31/03/2017
[shares]
Total number of shares held at end of period [shares] 40,12,370
40,12,370
Percentage of total shares held at end of period 100.00% 100.00%
Percentage of change in shares held during year 0.00%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Medi Assist Healthcare
Shareholder’s name Services Private Limited
[shares]
40,12,370
Percentage of shares pledged/encumbered to total shares at end of period 0.00% 0.00%
Percentage of change in shares held during year 0.00%
[shares]
40,12,370
[shares]
40,12,370
[shares]
40,12,370
2
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Dedicated Healthcare
Medi Assist Healthcare
Name of company Services Private Limited
Services TPA(India) Private
Limited
Tower D, 4th Floor, IBC CAMBATTA BUILDING
Knowledge Park, 4/1 3RD FLOOR 42M KARVE
Address of company Bannerghatta road, ROAD CHURCHGATE
Bangalore 560029 MUMBAI MH 400020
Country of incorporation of company INDIA INDIA
CIN of company U74900KA2000PTC027229 U67200MH2004PTC149232
Type of company Holding Company Subsidiary Company
Percentage of shares held 100.00% 100.00%
Applicable section 2(46) 2(87)
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Vikram Satish
Middle name of director Jit Singh Venkata Naga
Last name of director Chhatwal Gidugu
Whole Time
Designation of director Director
Director
Director identification number of director 01606329 06643677

Date of signing board report 16/05/2017 16/05/2017
3
Disclosures relating to employee stock option scheme [Table] ..(1)

Categories of employee stock option scheme [Axis] 1
01/04/2016
to
31/03/2017
Disclosures relating to employee stock option scheme [Abstract]
Disclosures relating to employee stock option scheme [LineItems]
Options granted [pure] 29,000
Black Scholes option
Pricing formula pricing model
Options vested (A) [pure] 66,870
Options exercised [pure] 0
Total number of shares arising as result of exercise of option [shares] 0
Options lapsed [pure] 7,750
Exercise price [INR/shares] 1,368
Total number of options in force [pure] 1,21,814
Details of options whose exercise price equals or exceeds or is less than market price [Abstract]
Weighted average exercise prices of options whose exercise price equals or exceeds or is less
[pure] 355
than market price
Weighted average fair values of options whose exercise price equals or exceeds or is less than
[pure] 232.29
market price
Black Scholes
Description of methods and significant assumptions used to estimate fair value of options Options Pricing
Model
Weighted average information used in estimating fair value of options [Abstract]
Risk free interest rate (B) 7.70%
Expected life (C) [pure] 4.17
Expected volatility [pure] 0
Expected dividends [pure] 0
Footnotes
(A) 50,360 options vested as at Balance Sheet date
(B) Grant VI 7.70% Grant VII 7.77%
(C) Expected Life of options Grant VI 4.17 Grant VII 4.12
Details of managerial personnels remuneration [Table] ..(1)

Managerial personnels remuneration [Axis] 01 02
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of managerial personnels remuneration [Abstract]
Details of managerial personnels remuneration [LineItems]
Vikram Jit Singh S r i m a t h i
Name of managerial personnel Chhatwal Ranganathan
4
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1
Principal business activities of company [Axis]
[Member]
01/04/2016
to
31/03/2017
Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of company
[LineItems]
Third Party
Administrator –
Licensed by
Name of main product/service Insurance
Regulatory and
Development
Authority
Third Party
Administrator –
Licensed by
Description of main product/service Insurance
Regulatory and
Development
Authority
GROUP 662,
CLASS 6621 -
NIC code of product/service activities auxiliary to
insurance and
pension funding
5

01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any The Company has not made
reserves any transfer to reserves
Your Directors do not
recommend any dividend
Disclosures relating to amount recommended to be paid as dividend on equity shares for the
year under review.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
2016-2017 2015-2016 Earnings Nil Nil Outgo Rs.

Details regarding foreign exchange earnings and outgo 2,06,123/- Rs.
2,68,493/-
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period No such changes have
affecting financial position of company occurred.
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (7)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Details of statement indicating manner in which formal
annual evaluation made by board of its performance and of its Not Applicable
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred
16/05/2017
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (8)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock] [See below]
Details of shareholding pattern of directors and key managerial Textual information (10)
personnel [TextBlock] [See below]
Disclosure of statement on declaration given by independent directors
Not applicable
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters Not applicable
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (11)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] Not applicable
Details of directors or key managerial personnels who were Textual information (14)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during Not applicable
year [TextBlock]
The Company has not

Details relating to deposits covered under chapter v of companies act
accepted any deposit from
[TextBlock] the public.
The Company has not

Details of deposits which are not in compliance with requirements
accepted any deposit from
of chapter v of act [TextBlock] the public.
6
Details of significant and material orders passed by

NIL
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (15)
reference to financial statements [TextBlock] [See below]
Disclosure of contents of corporate social responsibility policy Textual information (16)
Disclosure of appointment and remuneration of managerial personnels Textual information (17)
Disclosures relating to employee stock option scheme explanatory
[TextBlock]
Number of meetings of board [pure] 5
7
Disclosure in board of directors report explanatory [Text Block]
BOARD’S REPORT
COMPANY INFORMATION
Medi Assist Insurance TPA Private Limited

Name
(Formerly known as Medi Assist India TPA Private Limited)
Tower D, 4th Floor, IBC Knowledge Park, 4/1,

Address of Registered Office
Bannerghatta Road, Bangalore – 560029.
Corporate Identity Number U85199KA1999PTC025676
Telephone Number 080 - 4969 8000
Fax Number 018004259559
Email info@mediassistindia.com
Website www.mediassistindia.com
Auditors of the Company M/s. B S R & Co LLP, Chartered Accountants, Firm Registration No. 101248W/W-100022
8
BOARD’S REPORT
9
To the Members,
Your Directors have pleasure in presenting the 18th Annual Report, together with the Audited Statement of Accounts of the Company for the year
ended 31st March, 2017.
SUMMARY OF FINANCIAL RESULTS
Total income for financial year 2016-2017 is Rs. 1,959,211,276/- resulting in Earnings before interest, tax, depreciation and amortization
(EBITDA) of Rs. 212,682,329/- and Profit before tax of Rs. 180,358,281/-
PERFORMANCE
The year 2016-2017 has been a year of consolidation and growth for your Company. Your Directors are pleased to report that your Company has
made significant strides in the TPA industry and your company continues to be recognized as a leading TPA for the contributions in innovation
and technology.
As a Company, we believe that technology will have a significant impact in the industry going forward and we have continued to invest in in
technology to maintain competitive edge. Our mobile offerings for both group and retail policy holders are improved continuously and new
versions were rolled out multiple times during the year. Our website and portal continue to be the industry leading digital platforms in terms of
number of visits. The Company has successfully completed multiple third party audits of its IT infrastructure and applications.
During the year, your Company has serviced over 25 Insurance Companies. Your Company also serviced Government sponsored insurer-backed
schemes of Rashtriya Swasthya Bima Yojana in 5 states across India. In addition, your Company is servicing few prestigious State Government
insurer –backed health schemes in the States of Maharashtra, Tamil Nadu, Uttar Pradesh and Uttarakhand. Your Company has won prestigious
Health Scheme in the State of Assam during the year.
EXTRACT OF ANNUAL RETURN
10
Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract
of annual return in MGT-9 has been given as Annexure - I to this report.
BOARD MEETINGS:
The Board of Directors met Five times during this financial year.
Sl. No. Date of Board Meeting
23rd May, 2016

1
12th September, 2016

2
3 3rd October, 2016
4 23rd December, 2016
5 12th January, 2017
The Corporate Social Responsibility (“CSR”) Committee members met twice during the financial year on 23rd May, 2016 and 23rd December,
2016.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 134(5) of the Companies Act, 2013 with respect to Directors’ responsibility statement, it is hereby
confirmed that:
1. in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation
relating to material departures;
11
2. the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and
loss of the company for that period;
3. the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
4. the directors have prepared the annual accounts on a going concern basis.
5. the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems
were adequate and operating effectively.
DIVIDEND
Your Directors do not recommend any dividend on equity shares for the year under review.
DETAILS OF DIRECTORS WHO WERE APPOINTED OR RESIGNED DURING THE YEAR
Your Company’s Board at present comprises of six directors viz. Dr. Vikram Jit Singh Chhatwal, Mr. Raghaw Sharan Pandey, Ms.
Srimathi Ranganathan, Mr. Prasad Venkatasiva Tatineni, Mr. Satish Gidugu and Mr. Dayanand Annaya Kallianpur.
There following are the changes which have taken place in the composition of the Board of Directors during the year:
1. Mr. Kiran Sharadchandra Karnik has resigned from the office of Independent Director (Non - Executive Director) with effect from 22nd
November, 2016.
2. Mr. Dayanand Annaya Kallianpur was appointed as an Additional Director (Non-Executive Director) with effect from 15th day
of February, 2017.
12
HOLDING COMPANY
As the members are already aware, your Company is a subsidiary of Medi Assist Healthcare Services Private Limited (Formerly known as Net
Logistics Private Limited).
SUBSIDIARY COMPANY
During the year, your Company has acquired business of another Third Party Administrator viz. Dedicated Healthcare Services TPA (India)
Private Limited (“Dedicated TPA”) and effective 28th September 2016 Dedicated TPA is a wholly owned subsidiary of the Company. The legal
formalities of the merger between the Company and the said subsidiary Dedicate TPA is under progress.
Further, statement containing salient features of the Subsidiary company in the prescribed form AOC-1 is given in the Annexure II.
AUDITORS
M/s. B S R & Co. LLP, Chartered Accountants, Firm Registration No. 101248W/W-100022 are appointed as the Statutory Auditors of the
Company to hold office upto the Annual General Meeting to be held in the year 2019. The Board recommends to the members for ratification of
their appointment as Auditors.
EXPLANATION REGARDING QUALIFICATION, RESERVATION, ADVERSE REMARK OR DISCLAIMER IN AUDITORS REPORT
There are no audit qualifications in the report given by the Statutory Auditors.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
The Company has duly complied with the provision of Section 186 of the Companies Act, 2013 and the details are as under:
Secured Loans: Nil
13
Unsecured Loans: Nil
Current Investments: Rs. 350,989,598/-
Non-Current Investments- Rs. 476,764,258/-
Guarantees: Nil
Securities Extended: Nil
RELATED PARTY TRANSACTIONS:
Particulars of Contracts or Arrangements with Related Parties referred to in Section 188(1) in Form AOC- 2 has been given as Annexure – III to
this Report.
Justification for entering into Related Party Transactions are as follows:
1. The Company has entered into arm’s length agreement with the Holding Company for facilitating pre policy health check-up and related
activities. Co-ordination of Pre-policy health check-ups is incidental to the business and is not core to the business.
2. The Company has entered into arm’s length agreement with the Holding Company for subscribing to their proprietary IT platform. The
Company’s focus is to make technology the back bone for effective service delivery and increasing the user experience within the regulatory
framework.
3. The Company has entered into agreement with the Holding Company for expenses related to office premises used by the Company, which
is at arm’s length.
4. The Company has entered into arm’s length agreement with the Holding Company for availing Business Support Services.
AMOUNTS TO BE CARRIED FORWARD TO RESERVES-
14
The Company has not made any transfer to reserves.
MATERIAL CHANGES AND COMMITMENTS, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE
OCCURRED BETWEEN 31st MARCH, 2017 TILL DATE OF THIS REPORT
No such changes have occurred.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO
(A) Conservation of energy-
(i) the steps taken or impact on conservation of energy-
Your Company is not in an energy intensive industry and hence special measures are not being taken. Adequate measures are taken to conserve
energy in office premises, such as switching off of air conditioners, lights, computers etc., when not in use.
(ii) the steps taken by the company for utilizing alternate sources of energy including waste generated-
For the Company the predominant wastage is in the form of paper, post shredding the paper waste is given to an external agency for re-cycling.
(iii) capital investment on energy conservation equipment-Nil
(B) Technology absorption- NIL
(i) the efforts made towards technology absorption;
15
(ii) the benefits derived like product improvement, cost reduction, product development or import substitution;
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)
(a) the details of technology imported;
(b) the year of import;
(c) whether the technology been fully absorbed;
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and
(iv) the expenditure incurred on research and development.
(C) Foreign exchange earnings and outgo-
2016-2017 2015-2016
Earnings Nil Nil
Outgo Rs. 2,06,123/- Rs. 2,68,493/-
RISK MANAGEMENT POLICY
Your Company has implemented a Risk Management Policy. The Risk Management policy helps the Company in identifying the potential risks,
followed by robust analyses and evaluation of such risk and to develop an effective risk mitigation action plan.
CORPORATE SOCIAL RESPONSIBILITY
Particulars of Corporate Social Responsibility (“CSR”) Policy as required under the provisions of section 135 and schedule VII of the Companies
Act, 2013, have been given as Annexure – IV to this Report.
The Company has duly constituted CSR Committee and adopted the CSR policy. The Ministry of Corporate Affairs has also recognized
livelihood enhancement projects as a CSR activity vide Notification no. G.S.R. 130 (E) dated 27th February, 2014.
16
As members are already aware, your Company has implemented the CSR program under partnership with a private University registered under
the National Employability Enhancement Mission (“NEEM”) of the Ministry of Human Resources and Development, Government of India
through the All India Council for Technical Education for providing training in a wide array of functional areas to persons who have completed
graduation / diploma or a person pursuing/discontinued studies leading to graduation / diploma in any technical/non-technical field (“trainees”).
During the current financial year 2016-2017, considerable numbers of trainees have undergone training at various locations of the Company
across India.
Your Company is committed to proactively engage in Corporate Social Responsibility activities to enhance the lives of the communities in which
it operates by fulfillment of its CSR objectives.
INTERNAL FINANCIAL CONTROLS OVER FINANCIAL STATEMENTS
Pursuant to Rule 8(5) of the Companies (Accounts) Rules, 2014, your Directors’ report that the Company has established an adequate internal
control system, commensurate with the nature of its business and size of its operations in order to ensure quality and reliability of underlying
processes focused towards achieving operational efficiency reliability of financial data and safeguarding of assets. Internal controls are evaluated
by the external/internal auditors and supported by management reviews. Audit observations, if any, and follow up actions thereon are initiated for
resolution by the finance function and reported to the Board.
Further, the Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 is given in
Annexure - B to the Auditor’s Report wherein the Statutory Auditors have opined that the Company has adequate internal financial controls
system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31st March, 2017.
EMPLOYEE STOCK OPTION SCHEME
The Company under the provisions of section 62(1)(b) read with rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014 has
121,814 options outstanding at the end of the year.
Details of ESOS have been given as Annexure – V to this Report.
17
DETAILS RELATING TO DEPOSITS, COVERED UNDER CHAPTER V OF THE COMPANIES ACT
The Company has not accepted any deposit from the public.
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS
NIL
REQUIREMENTS UNDER INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (TPA-HEALTH SERVICES)
REGULATION, 2016
1. Shareholding pattern of the Company
Sl. No. of Equity Face Value of Percentage of Holding

Name of Shareholder
No. shares Shares (in %)
Medi Assist Healthcare Services Private Limited (Formerly known as Net

1. 4012365 Rs. 10 99.9999
Logistics Private Limited)
Medi Assist Healthcare Services Private Limited Jointly with Dr. Vikram Jit
2. 5 Rs. 10 0.0001
Singh Chhatwal
Total 4012370 100
2. Corporate Governance norms for Third Party Administrators:
a. The Board of Directors of your Company hereby confirm that the Company has provided true and correct information to Insurance
Regulatory and Development Authority of India (“the Authority”).
b. The Board of Directors of your Company hereby confirm that proper due diligence has been done before submitting any data/ information
with the Authority including information about Key Managerial Persons of the Company.
18
c. The Board of Directors of your Company hereby confirm that the Company has robust system for registering, monitoring and disposal of
complaints received from insured persons / policyholders, IRDAI, Insurance Companies, Network Providers etc. and ensure that the resolution is
provided in case of such complaints. Wherever required the Board of Directors confirms that corrective action has been taken for system related
improvement.
d. The Board of Directors hereby confirm that there is no conflict of interest of the Company with any other insurance or insurance related
activity or business at any point of time.
e. The Board of Directors oversee that:
I. the claim settlement process is implemented as per the claim settlement guidelines issued by concerned Insurers.
II. the time frames / Turn Around Time / processes with respect to the services are in line with Service Level
Agreements.
III. the Company has necessary policies with respect to Information Technology (IT). Your Company is ISO 27001:
2013 certified.
f. The Board of Directors hereby confirm that the Company has appointed Mr. Ganesh K as Chief Administrative Officer, who is having
required qualification as stipulated in IRDAI (TPA – Health Services) Regulations, 2016. The CAO has put in place procedures to ensure that he
is responsible for complying with all regulatory and statutory requirements stipulated either in the Regulations notified by the Authority or any
other relevant statutory provisions. The CAO has reported to the Board of the Company about the status of all compliance two times in the
Financial Year 2016-2017.
g. The Company has one Independent Directors who is fit & proper.
h. The Board of Directors hereby confirm that the Company has in place effective and efficient internal audit mechanism and has appointed
third party reputed firm to carry out the Audit of various functions, processes and systems of the Company for compliance and
improvement/enhancement.
i. The appointment of the Statutory Auditors is recommended by the Board and approved by the Shareholder’s as per the Companies Act,
2013.
j. The Board of Directors hereby confirm that the appointment of all the Directors complies with statutory provisions as applicable inter alia
the Companies Act, 2013.
k. The Company has been filing Annual Report along with the Forms, Schedules as prescribed under the regulation within stipulated timelines
with the Authority. All other information relating to the Company’s activities are disclosed in the website of the Company.
l. Your Company has disclosed on its website the details of network providers with whom the Company has entered into agreements, the said
list is updated on real time basis.
ACKNOWLEDGEMENT
Your Directors wish to place on record their immense appreciation for the continued support and cooperation of the shareholders.
The Directors also wish to thank the employees at all levels for their excellent support and contribution to the operations of the Company and look
19
forward to their continued support in the future.
For and on behalf of the Board of Directors
Vikram Jit Singh Chhatwal Satish Gidugu
Whole-time Director Director
DIN: 01606329 DIN: 06643677
Date: 16th May, 2017
Place: Bengaluru
20
INDEX OF ANNEXURES
Content
Annexures
I Extract of annual return in Form MGT-9
II Statement of Subsidiary in AOC 1
III Particulars of related party transactions in Form AOC-2
IV Corporate Social Responsibility Policy
V Details of Employees Stock Option Scheme
21
ANNEXURE – I
Form No. MGT-9
As on the financial year ended on 31st March, 2017
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS :
(i) CIN : U85199KA1999PTC025676
(ii) Registration Number : 025676
22
(iii) Registration Date : 30-09-1999

(iv) Name of the Company :
(v) Category / Sub-Category of the Company : Company Limited By Shares
Tower D, 4th Floor, IBC Knowledge Park, 4/1, Bannerghatta Road,

(vi) Address of the Registered office and contact details :
Bangalore – 560029.
(vii) Whether Listed Company : No
Name, Address and Contact details of Registrar and Transfer

(viii) : N.A.
Agent, if any
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated:-
SR. % to total turnover of

Name and Description of main products/services NIC Code of the Product/ service
NO. the Company
Third Party Administrator – Licensed by Insurance GROUP 662, CLASS 6621 - activities auxiliary to
1. 100%
Regulatory and Development Authority insurance and pension funding
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –
HOLDING/
SR. % OF SHARES APPLICABLE
NAME AND ADDRESS OF THE COMPANY CIN/GLN SUBSIDIARY/
NO. HELD SECTION
ASSOCIATE
1. Medi Assist Healthcare Services Private Limited U74900KA2000PTC027229 Holding 100% Section 2 (46)
Dedicated Healthcare Services TPA (India) Private

2. U67200MH2004PTC149232 Subsidiary 100% Section 2 (87)
Limited
23
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
%
No. of Shares held at No. of Shares Change
Category of Shareholders the beginning of the held at the end during
year of the year the
year
% of % of
Demat Physical Total total Demat Physical Total total
shares shares
(A)Promoters
(1) Indian
a) Individual/ HUF
b) Central Govt.
c) State Govt(s).
d) Bodies Corp. 40,12,370 40,12,370 100% 40,12,370 40,12,370 100% ____
e) Banks/ FI
f) Any Other
Sub-total (A) (1) 40,12,370 40,12,370 100% 40,12,370 40,12,370 100% ____
(2) Foreign
a) NRIs Individuals
b) Other Individuals
24
c) Bodies Corp.
d) Banks / FI
e) Any other
Sub-total (A) (2)
Total shareholding of Promoter ___

40,12,370 40,12,370 100% 40,12,370 40,12,370 100%
(A) = (A)(1)+ (A) (2)
B.Public Shareholding
(1) Institutions
a) Mutual Funds
b) Banks / FI
c) Central Govt.
d) State Govt(s)
e) Venture capital funds
f) Insurance Companies
g) FIIs
h) Foreign Venture Capital Funds
i) Others (specify)
Sub-total (B) (1)
(2)Non Institutions
a) Bodies Corp
(i) Indian
(ii) Overseas
25
b) Individuals
(i) Individual shareholders holding

nominal share capital upto Rs.1 lakh
(ii) Individual shareholders holding

nominal share capital in excess of Rs.
1 lakh
(iii)Others (specify)
Sub-total
(B) (2)
Total Public Shareholding
= (B) (1) + (B) (2)
(C)Shares held by custodian for

GDRs & ADRs
Grand Total (A+B+C) ___

__ 40,12,370 40,12,370 100% 40,12,370 40,12,370 100%
ii) Shareholding of Promoters
Shareholding at Shareholding
Sr.
Shareholder’s name the beginning of at the end of
No.
the year the year
% of shares % of shares
% of total % of total % change in
pledged / pledged/
No. of shares shares of the No. of shares shares of the shareholding
encumbered to total encumbered to
company company during the year
shares total shares
26
Medi Assist
1. Healthcare Services 40,12,370 100% ---- 40,12,370 100% ---- ----
Private Limited
Total 40,12,370 100% ----- 40,12,370 100% ----- -----
iii) Change in Promoters’ Shareholding (please specify, if there is no change)
Cumulative
Sl. Shareholding at the beginning shareholding
No. of the year during the
year
% of total
shares of % of total
the No. of shares of
No. of shares
company shares the
company
At the beginning of the year
NO CHANGE
Date wise Increase / Decrease in promoters shareholding during the

year specifying the reasons for increase/ decrease (e.g. allotment /
transfer / bonus / sweat equity etc):
At the end of the year
27
iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs)
Cumulative
SR. Shareholding at the
shareholding
NO. beginning of the year
during the year
% of total % of total
1. For each of the Top 10 shareholders No. of shares shares of the No. of shares shares of the
company company
NOT APPLICABLE
Date wise Increase / Decrease in shareholding during the year

specifying the reasons for increase / decrease (e.g. allotment / transfer
/ bonus / sweat equity etc) :
At the end of the year (or on the date of separation, if separated during
the year)
v) Shareholding of Directors and Key Managerial Personnel
SR. Shareholding at the beginning of Cumulative shareholding during

NO. the year the year
Medi Assist Healthcare Services Medi Assist Healthcare Services

Private Limited Jointly with Private Limited Jointly with
NAME OF THE SHAREHOLDER
Dr. Vikram Jit Dr. Vikram Jit
Singh Chhatwal Singh Chhatwal
shares of shares of
For each of the Directors and KMP No. of shares No. of shares
the the
company company
At the beginning of the year 5 0.0001% 5 0.0001%
28
Date wise Increase / Decrease in share holding

during the year specifying the reasons for increase
/ decrease (e.g. allotment / transfer / bonus / sweat
equity etc) :
NO CHANGE
At the end of the year 5 0.0001% 5 0.0001%
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding / accrued but not due for payment
Secured Loans excluding deposits

Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount
ii) Interest due but not paid
i) Interest accrued but not due
NIL
Total (i + ii + iii)
29
Change in indebtedness during the financial year
· Addition
· Reduction
Net Change
Indebtedness at the end of the financial year
i) Principal Amount
iii) Interest accrued but not due
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. REMUNERATION TO MANAGING DIRECTOR, WHOLE-TIME DIRECTORS AND/OR MANAGER:
Sr.
Particulars of Remuneration Name of the Director
No.
Vikram Jit Singh Srimathi Ranganathan-

Total Amount
Chhatwal-WTD WTD
Gross salary
(a) Salary as per provisions contained in section 17(1) of the
30
Income-tax Act, 1961
Rs.
1. Rs.72,00,000/- Rs.35,31,665/-
1,07,31,665/-
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
( c) Profits in lieu of salary under section 17(3) Income-tax Act,

1961
Stock Option (Nos.)

2. --- 1,057 1,057
Sweat Equity
3. --- --- ---
Commission
- As % of profit
4. --- --- ---
- Others, specify…
Others, please specify

5. --- --- ---
Total (A)
Rs.
Rs.72,00,000/- Rs.35,31,665/-
1,07,31,665/-
Ceiling as per the Act

---
B. REMUNERATION TO OTHER DIRECTORS:
Sr. No. Particulars of Remuneration Name of Directors Total Amount
Independent Directors:
31
Raghaw Sharan Pandey
1. · Fee for attending board, committee meetings
· Commission Rs. 50,000/- Rs. 50,000/-
· Others, please specify
Total (1)
Rs. 50,000/- Rs. 50,000/-
TVS Prasad
Other Non-Executive Directors
2.
· Fee for attending board, committee meetings
· Commission
Rs. 15,60,400/-
(Consultancy fees)
Total (2) Rs. 15,60,400/-
Total (B) = (1 + 2) Rs. 16,10,400/-
Rs. Rs.
Total Managerial Remuneration (A+B) 1,23,42,065 /- 1,23,42,065 /-
Overall ceiling as per the Act
32
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD:
Sr. Key Managerial

Particulars of Remuneration
No Personnel
Total
Company
CEO CFO
Secretary
Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act,
1961

1.
( c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
NOT APPLICABLE
Stock Option
2.
3. Sweat Equity
Commission
4. - As % of profit

5.
Total
33
VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:
Brief Details of Penalty / Punishment / Authority [RD / Appeal made, if

Type Section of the Companies Act
Description Compounding fees imposed NCLT / Court] any (give details)
A. COMPANY
Penalty
NIL
Punishment
Compounding
B. DIRECTORS
Penalty
34
NIL
Punishment
Compounding
C. OTHER OFFICERS
IN DEFAULT
Penalty
NIL
Punishment
Compounding
DIN: 01606329 DIN: 06643677
Place: Bengaluru
35
ANNEXURE – II
FORM AOC-1
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)
Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures
Part “A”: Subsidiaries
(Information in respect of each subsidiary to be presented with amounts in Rs.)
Subsidiary 1 – Dedicated Healthcare Services TPA (India) Private Limited
36
Sl.
Particulars Details
No.
Dedicated Healthcare Services TPA (India)

Private Limited
Name of the subsidiary
(wholly owned subsidiary with effect from 28th
September 2016)
April 1, 2016 to March 31, 2017

Reporting period for the subsidiary concerned, if different from the holding company’s
reporting period
(same as holding Company )
Reporting currency and Exchange rate as on the last date of the relevant Financial year in
Not applicable
the case of foreign subsidiaries
Share capital Rs.14,900,000/-
Reserves & surplus Rs. 35,655,189/-
Total assets Rs.290,175,506/-
Total Liabilities Rs. 290,175,506/-
Investments Rs.67,500,137/-
Turnover Rs.391,645,688/-
Profit before taxation Rs.105,800,442/-
Provision for taxation Rs.40,316,101/-
Profit after taxation Rs.65,484,342/-
Proposed Dividend -
% of shareholding 100%
(Note: the above mentioned figures of subsidiary are provisional)
37
Part “B”: Associates and Joint Ventures
Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint Ventures: Not Applicable
Name of associates/Joint Ventures
Latest audited Balance Sheet Date
Shares of Associate/Joint Ventures held by the company on the year end
No.
Amount of Investment in Associates/Joint Venture
Extent of Holding%
Description of how there is significant influence
Reason why the associate/joint venture is not consolidated
Net worth attributable to shareholding as per latest audited Balance Sheet
Profit/Loss for the year
38
Considered in Consolidation
Not Considered in Consolidation
DIN: 01606329 DIN: 06643677
Place: Bengaluru
39
ANNEXURE – III
FORM AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the
Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms’ length transactions under third proviso thereto
1. Details of contracts or arrangements or transactions not at arm's length basis- NIL
Name(s) of the related party and nature of relationship

a)
Nature of contracts/ arrangements/ transactions

b)
Duration of the contracts/ arrangements/ transactions

c)
Salient terms of the contracts or arrangements or transactions including the value, if any
d)
Justification for entering into such contracts or arrangements or transactions

e)
Date(s) of approval by the Board

f)
Amount paid as advances, if any

g)
40
Date on which the special resolution was passed in general meeting as required under first proviso to section 188
h)
2. Details of material contracts or arrangement or transactions at arm's length basis
Name(s) of the related

Medi Assist
party and nature of Medi Assist Healthcare Medi Assist Healthcare Medi Assist Healthcare
a) Healthcare Services
relationship Services Private Limited, Services Private Limited, Services Private Limited,
Private Limited,
Holding Company Holding Company Holding Company
Holding Company
Nature of contracts/
b) arrangements/ transactions
Service Agreement Service Agreement Agreement Agreement
Duration of the contracts/ Agreement dated 1st Agreement dated 30th

15th December 2015 Agreement dated 28th March
c) arrangements/ transactions October 2015 till March 2016 till
to until 2015 till terminated. (Effective
terminated (Effective terminated (Effective
terminated from 1st January 2015)
from 1st October 2015) from 1st January 2016)
Salient terms of the

contracts or arrangements For facilitating Pre-
d) or transactions including Policy health For using software and software Expenses pertaining to
Business support services
the value, if any check-ups and related services office premises
related services.
Date(s) of approval by the 26th May 2015 by the

e) Board, if any Company’s Board and on 24th
15th December 2015 4th September 2015 29th March 2016
March 2015 by the Board of
Holding Company.
Amount paid as advances,

f) if any
NIL NIL NIL NIL
41
DIN: 01606329 DIN: 06643677
Place: Bengaluru
42
43
ANNEXURE –IV
Corporate Social Responsibility Policy
1. Period for which CSR is being reported: From 1st April, -2016 to 31st March, 2017
2. A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs:
Your Company may from time to time undertake any project, program and activity on one or more of the following areas:
· Supporting treatment of underprivileged and promoting awareness of healthcare including preventive health care through various activities
including organizing campaigns, awareness sessions, events, marathons, etc. with reference to various chronic disease such as cancer, diabetes,
hypertension, cardiac, etc.
· Promoting education, including special education and employment enhancing vocational skills through various activities including organizing
development projects/programs and livelihood enhancement projects.
· Any other projects, programs and activities falling within the permissible activities prescribed under Companies Act, 2013, rules made
thereunder, any circular/notification/guidelines/clarification issued thereunder including any amendment or modifications.
Website Link: https://www.mediassistindia.com/CSR%20Policy-Medi%20Assist%20.pdf
44
3. The Composition of the CSR Committee –
Dr. Vikram Jit Singh Chhatwal- Chairman
Mr. Raghaw Sharan Pandey - Member
Ms. Srimathi Ranganathan - Member
4. Average net profit of the company for last three financial years - Rs.29,99,54,043/-.
5. Prescribed CSR Expenditure (two per cent. of the amount as in item 4 above) - Rs. 59,99,081/-
6. Details of CSR spent during the financial year:
a. Total amount to be spent for the financial year Rs. 59,99,081/-
b. Amount unspent, if any.- NIL
c. Manner in which the amount spent during the financial year is detailed below:-
Sl. No Particulars Details
1 CSR Project or activity identified Livelihood/vocational skill enhancement
2 Sector in which the Project is covered Training in Health Insurance Industry
Projects or programs
3 (1) Local area or other Across our offices in India
(2) Specify the State and district where projects or programs was undertaken
45
4 Amount outlay (budget) project or programs wise Rs. 64,14,368/-
Amount spent on the projects or programs
Sub-heads:
5
(1) Direct expenditure on projects or programs:
Rs. 64,14,368/-
(2) Overheads:
6 Cumulative expenditure upto to the reporting period. Rs. 64,14,368/-
7 Amount spent: Direct or through implementing agency (Give details of implementing agency) Rs. 64,14,368/-
Total Rs. 64,14,368/-
7. In case the company has failed to spend the two percent of the average net profit of the last three financial years or any part thereof – Not
applicable
8. Responsibility Statement:
The Responsibility Statement of the Corporate Social Responsibility (CSR) Committee of the Board of Directors of the Company is reproduced
below:
“The implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the Company”.
46
WTD & Chairman of CSR Committee Director
DIN: 01606329 DIN: 06643677
Place: Bengaluru
ANNEXURE – V
Details of Employees Stock Option Scheme
Details for the year 2016-2017
Details
Sl.
Particulars
No
1.
Options granted 29,000
2.
Options vested 66,870
3.
Options exercised NIL
47
4. The total number of shares arising as a result of exercise of option NIL
5.
Options lapsed/ forfeited 7,750
6. Rs.1,368/-
The exercise price
per option
7.
Variation of terms of options NA
8.
Money realized by exercise of options NIL
9.
Total number of options in force 121,814
1,057
Employee wise details of options granted to:
(i) key managerial personnel

NIL
10. (ii) any other employee who receives a grant of options in any one year of option amounting to five percent or more of
options granted during that year.
(iii) identified employees who were granted option, during any one year, equal to or exceeding one percent of the issued
capital (excluding outstanding warrants and conversions) of the company at the time of grant
NIL
48
DIN: 01606329 DIN: 06643677
Place: Bengaluru
Description of state of companies affair

SUMMARY OF FINANCIAL RESULTS Total income for financial year 2016-2017 is Rs. 1,959,211,276/- resulting in Earnings before interest,
tax, depreciation and amortization (EBITDA) of Rs. 212,682,329/- and Profit before tax of Rs. 180,358,281/- PERFORMANCE The year
2016-2017 has been a year of consolidation and growth for your Company. Your Directors are pleased to report that your Company has made
significant strides in the TPA industry and your company continues to be recognized as a leading TPA for the contributions in innovation and
technology. As a Company, we believe that technology will have a significant impact in the industry going forward and we have continued to
invest in in technology to maintain competitive edge. Our mobile offerings for both group and retail policy holders are improved continuously and
new versions were rolled out multiple times during the year. Our website and portal continue to be the industry leading digital platforms in terms
of number of visits. The Company has successfully completed multiple third party audits of its IT infrastructure and applications. During the
year, your Company has serviced over 25 Insurance Companies. Your Company also serviced Government sponsored insurer-backed schemes of
Rashtriya Swasthya Bima Yojana in 5 states across India. In addition, your Company is servicing few prestigious State Government insurer
–backed health schemes in the States of Maharashtra, Tamil Nadu, Uttar Pradesh and Uttarakhand. Your Company has won prestigious Health
Scheme in the State of Assam during the year.
Details regarding energy conservation

(A) Conservation of energy- (i) the steps taken or impact on conservation of energy- Your Company is not in an energy intensive industry and
hence special measures are not being taken. Adequate measures are taken to conserve energy in office premises, such as switching off of air
conditioners, lights, computers etc., when not in use. (ii) the steps taken by the company for utilizing alternate sources of energy including waste
generated- For the Company the predominant wastage is in the form of paper, post shredding the paper waste is given to an external agency for
re-cycling. (iii) capital investment on energy conservation equipment-Nil
Details regarding technology absorption

Technology absorption- NIL (i) the efforts made towards technology absorption; (ii) the benefits derived like product improvement, cost
reduction, product development or import substitution; (iii) in case of imported technology (imported during the last three years reckoned from
the beginning of the financial year) (a) the details of technology imported; (b) the year of import; (c) whether the technology been fully absorbed;
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and (iv) the expenditure incurred on research and
development.
49
Disclosures in director’s responsibility statement

DIRECTORS RESPONSIBILITY STATEMENT Pursuant to the requirement under Section 134(5) of the Companies Act, 2013 with respect to
Directors’ responsibility statement, it is hereby confirmed that: 1. in the preparation of the annual accounts, the applicable accounting
standards had been followed along with proper explanation relating to material departures; 2. the directors have selected such
accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair
view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period; 3.
the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this
Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; 4. the directors have
prepared the annual accounts on a going concern basis. 5. the directors have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating effectively.
Particulars of loans guarantee investment under section 186 [Text Block]

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
The Company has duly complied with the provision of Section 186 of the Companies Act, 2013 and the details are as under:
Secured Loans: Nil
Unsecured Loans: Nil
Current Investments: Rs. 350,989,598/-
Non-Current Investments- Rs. 476,764,258/-
Guarantees: Nil
Securities Extended: Nil
50
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
FORM AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the
Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms’ length transactions under third proviso thereto
1. Details of contracts or arrangements or transactions not at arm's length basis- NIL
Name(s) of the related party and nature of relationship

a)
Nature of contracts/ arrangements/ transactions

b)
Duration of the contracts/ arrangements/ transactions

c)
Salient terms of the contracts or arrangements or transactions including the value, if any
d)
Justification for entering into such contracts or arrangements or transactions

e)
Date(s) of approval by the Board

f)
Amount paid as advances, if any

g)
Date on which the special resolution was passed in general meeting as required under first proviso to section 188
h)
51
2. Details of material contracts or arrangement or transactions at arm's length basis
Name(s) of the related

Medi Assist
party and nature of Medi Assist Healthcare Medi Assist Healthcare Medi Assist Healthcare
a) Healthcare Services
relationship Services Private Limited, Services Private Limited, Services Private Limited,
Private Limited,
Holding Company Holding Company Holding Company
Holding Company
Nature of contracts/
b) arrangements/ transactions
Service Agreement Service Agreement Agreement Agreement
Duration of the contracts/ Agreement dated 1st Agreement dated 30th

15th December 2015 Agreement dated 28th March
c) arrangements/ transactions October 2015 till March 2016 till
to until 2015 till terminated. (Effective
terminated (Effective terminated (Effective
terminated from 1st January 2015)
from 1st October 2015) from 1st January 2016)
Salient terms of the

contracts or arrangements For facilitating Pre-
d) or transactions including Policy health For using software and software Expenses pertaining to
Business support services
the value, if any check-ups and related services office premises
related services.
Date(s) of approval by the 26th May 2015 by the

e) Board, if any Company’s Board and on 24th
15th December 2015 4th September 2015 29th March 2016
March 2015 by the Board of
Holding Company.
Amount paid as advances,

f) if any
NIL NIL NIL NIL
52
DIN: 01606329 DIN: 06643677
Place: Bengaluru
53
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
ANNEXURE – I
Form No. MGT-9
As on the financial year ended on 31st March, 2017
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS :
(i) CIN : U85199KA1999PTC025676
(ii) Registration Number : 025676
(iii) Registration Date : 30-09-1999

(iv) Name of the Company :
(v) Category / Sub-Category of the Company : Company Limited By Shares
Tower D, 4th Floor, IBC Knowledge Park, 4/1, Bannerghatta Road,

(vi) Address of the Registered office and contact details :
Bangalore – 560029.
(vii) Whether Listed Company : No
Name, Address and Contact details of Registrar and Transfer

(viii) : N.A.
Agent, if any
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
54
All the business activities contributing 10% or more of the total turnover of the company shall be stated:-
SR. % to total turnover of

Name and Description of main products/services NIC Code of the Product/ service
NO. the Company
Third Party Administrator – Licensed by Insurance GROUP 662, CLASS 6621 - activities auxiliary to
1. 100%
Regulatory and Development Authority insurance and pension funding
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –
HOLDING/
SR. % OF SHARES APPLICABLE
NAME AND ADDRESS OF THE COMPANY CIN/GLN SUBSIDIARY/
NO. HELD SECTION
ASSOCIATE
1. Medi Assist Healthcare Services Private Limited U74900KA2000PTC027229 Holding 100% Section 2 (46)
Dedicated Healthcare Services TPA (India) Private

2. U67200MH2004PTC149232 Subsidiary 100% Section 2 (87)
Limited
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
%
No. of Shares held at No. of Shares Change
Category of Shareholders the beginning of the held at the end during
year of the year the
year
% of % of
Demat Physical Total total Demat Physical Total total
shares shares
55
(A)Promoters
(1) Indian
a) Individual/ HUF
b) Central Govt.
c) State Govt(s).
d) Bodies Corp. 40,12,370 40,12,370 100% 40,12,370 40,12,370 100% ____
e) Banks/ FI
f) Any Other
Sub-total (A) (1) 40,12,370 40,12,370 100% 40,12,370 40,12,370 100% ____
(2) Foreign
a) NRIs Individuals
b) Other Individuals
c) Bodies Corp.
d) Banks / FI
e) Any other
Sub-total (A) (2)
Total shareholding of Promoter ___

40,12,370 40,12,370 100% 40,12,370 40,12,370 100%
(A) = (A)(1)+ (A) (2)
B.Public Shareholding
(1) Institutions
a) Mutual Funds
b) Banks / FI
56
c) Central Govt.
d) State Govt(s)
e) Venture capital funds
f) Insurance Companies
g) FIIs
h) Foreign Venture Capital Funds
i) Others (specify)
Sub-total (B) (1)
(2)Non Institutions
a) Bodies Corp
(i) Indian
(ii) Overseas
b) Individuals
(i) Individual shareholders holding

nominal share capital upto Rs.1 lakh
(ii) Individual shareholders holding

nominal share capital in excess of Rs.
1 lakh
(iii)Others (specify)
Sub-total
(B) (2)
Total Public Shareholding
= (B) (1) + (B) (2)
(C)Shares held by custodian for

GDRs & ADRs
57
Grand Total (A+B+C) __ 40,12,370 40,12,370 100% 40,12,370 40,12,370 100% ___
ii) Shareholding of Promoters
Shareholding at Shareholding
Sr.
Shareholder’s name the beginning of at the end of
No.
the year the year
% of shares % of shares
% of total % of total % change in
pledged / pledged/
No. of shares shares of the No. of shares shares of the shareholding
encumbered to total encumbered to
company company during the year
shares total shares
Medi Assist
1. Healthcare Services 40,12,370 100% ---- 40,12,370 100% ---- ----
Private Limited
Total 40,12,370 100% ----- 40,12,370 100% ----- -----
iii) Change in Promoters’ Shareholding (please specify, if there is no change)
Cumulative
year
% of total
No. of shares
company shares the
company
58
NO CHANGE

iv) Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs)
Cumulative
SR. Shareholding at the
shareholding
NO. beginning of the year
during the year
1. For each of the Top 10 shareholders No. of shares shares of the No. of shares shares of the
company company
59
NOT APPLICABLE
Date wise Increase / Decrease in shareholding during the year

specifying the reasons for increase / decrease (e.g. allotment / transfer
/ bonus / sweat equity etc) :
At the end of the year (or on the date of separation, if separated during
the year)


shares of shares of
the the
company company

equity etc) :
NO CHANGE
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding / accrued but not due for payment
Secured Loans excluding deposits

Unsecured Loans Deposits Total Indebtedness
60
Indebtedness at the beginning of the financial year
i) Principal Amount
i) Interest accrued but not due
NIL
Change in indebtedness during the financial year
· Addition
· Reduction
Net Change
Indebtedness at the end of the financial year
i) Principal Amount
iii) Interest accrued but not due
61
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Sr.
No.

Total Amount
Chhatwal-WTD WTD
Gross salary

Rs.
1. Rs.72,00,000/- Rs.35,31,665/-
1,07,31,665/-

1961
Stock Option (Nos.)

2. --- 1,057 1,057
Sweat Equity
3. --- --- ---
Commission
- As % of profit
4. --- --- ---
62

5. --- --- ---
Total (A)
Rs.
Rs.72,00,000/- Rs.35,31,665/-
1,07,31,665/-

---

Rs. 50,000/-
· Commission Rs. 50,000/-
Total (1)
Rs. 50,000/- Rs. 50,000/-
TVS Prasad
2.
· Commission
63
Rs. 15,60,400/-
(Consultancy fees)
Total (2) Rs. 15,60,400/-
Total (B) = (1 + 2) Rs. 16,10,400/-
Rs. Rs.
Sr. Key Managerial

No Personnel
Total
Company
CEO CFO
Secretary
Gross salary
1961
64
1. (b) Value of perquisites u/s 17(2) Income-tax Act, 1961
NOT APPLICABLE
Stock Option
2.
3. Sweat Equity
Commission
4. - As % of profit

5.
Total
65
VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:
Brief Details of Penalty / Punishment / Authority [RD / Appeal made, if

Type Section of the Companies Act
Description Compounding fees imposed NCLT / Court] any (give details)
A. COMPANY
Penalty
NIL
Punishment
Compounding
B. DIRECTORS
Penalty
NIL
Punishment
Compounding
C. OTHER OFFICERS
IN DEFAULT
Penalty
NIL
Punishment
Compounding
66
DIN: 01606329 DIN: 06643677
Place: Bengaluru
67
Details of change in promoters shareholding [Text Block]

Change in Promoters’ Shareholding (please specify, if there is no change)
Cumulative
year
% of total
No. of shares
company shares the
company
NO CHANGE

68
Details of shareholding pattern of directors and key managerial personnel [Text Block]


shares of shares of
the the
company company

equity etc) :
NO CHANGE
Disclosure of statement on development and implementation of risk management policy [Text Block]
RISK MANAGEMENT POLICY
Your Company has implemented a Risk Management Policy. The Risk Management policy helps the Company in identifying the potential risks,
followed by robust analyses and evaluation of such risk and to develop an effective risk mitigation action plan.
69
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY
Particulars of Corporate Social Responsibility (“CSR”) Policy as required under the provisions of section 135 and schedule VII of the Companies
Act, 2013, have been given as Annexure – IV to this Report.
The Company has duly constituted CSR Committee and adopted the CSR policy. The Ministry of Corporate Affairs has also recognized
livelihood enhancement projects as a CSR activity vide Notification no. G.S.R. 130 (E) dated 27th February, 2014.
As members are already aware, your Company has implemented the CSR program under partnership with a private University registered under
the National Employability Enhancement Mission (“NEEM”) of the Ministry of Human Resources and Development, Government of India
through the All India Council for Technical Education for providing training in a wide array of functional areas to persons who have completed
graduation / diploma or a person pursuing/discontinued studies leading to graduation / diploma in any technical/non-technical field (“trainees”).
During the current financial year 2016-2017, considerable numbers of trainees have undergone training at various locations of the Company
across India.
Your Company is committed to proactively engage in Corporate Social Responsibility activities to enhance the lives of the communities in which
it operates by fulfillment of its CSR objectives.
Disclosure of financial summary or highlights [Text Block]

SUMMARY OF FINANCIAL RESULTS
Total income for financial year 2016-2017 is Rs. 1,959,211,276/- resulting in Earnings before interest, tax, depreciation and amortization
(EBITDA) of Rs. 212,682,329/- and Profit before tax of Rs. 180,358,281/-
70
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
DETAILS OF DIRECTORS WHO WERE APPOINTED OR RESIGNED DURING THE YEAR
Your Company’s Board at present comprises of six directors viz. Dr. Vikram Jit Singh Chhatwal, Mr. Raghaw Sharan Pandey, Ms.
Srimathi Ranganathan, Mr. Prasad Venkatasiva Tatineni, Mr. Satish Gidugu and Mr. Dayanand Annaya Kallianpur.
There following are the changes which have taken place in the composition of the Board of Directors during the year:
1. Mr. Kiran Sharadchandra Karnik has resigned from the office of Independent Director (Non - Executive Director) with effect from 22nd
November, 2016.
2. Mr. Dayanand Annaya Kallianpur was appointed as an Additional Director (Non-Executive Director) with effect from 15th day
of February, 2017.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
INTERNAL FINANCIAL CONTROLS OVER FINANCIAL STATEMENTS
Pursuant to Rule 8(5) of the Companies (Accounts) Rules, 2014, your Directors’ report that the Company has established an adequate internal
control system, commensurate with the nature of its business and size of its operations in order to ensure quality and reliability of underlying
processes focused towards achieving operational efficiency reliability of financial data and safeguarding of assets. Internal controls are evaluated
by the external/internal auditors and supported by management reviews. Audit observations, if any, and follow up actions thereon are initiated for
resolution by the finance function and reported to the Board.
Further, the Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 is given in
Annexure - B to the Auditor’s Report wherein the Statutory Auditors have opined that the Company has adequate internal financial controls
system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31st March, 2017.
71
Disclosure of contents of corporate social responsibility policy [Text Block]

ANNEXURE –IV
72
Sub-heads:
5
Rs. 64,14,368/-
(2) Overheads:
73
Total Rs. 64,14,368/-
applicable
below:
DIN: 01606329 DIN: 06643677
Place: Bengaluru
74
75
Disclosure of appointment and remuneration of managerial personnels [Text Block]

I. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Sr.
No.

Total Amount
Chhatwal-WTD WTD
Gross salary

Rs.
1. Rs.72,00,000/- Rs.35,31,665/-
1,07,31,665/-

1961
Stock Option (Nos.)

2. --- 1,057 1,057
Sweat Equity
3. --- --- ---
Commission
- As % of profit
4. --- --- ---

5. --- --- ---
Total (A)
Rs.
Rs.72,00,000/- Rs.35,31,665/-
76
1,07,31,665/-

---

Rs. 50,000/-
· Commission Rs. 50,000/-
Total (1)
Rs. 50,000/- Rs. 50,000/-
TVS Prasad
2.
· Commission
Rs. 15,60,400/-
(Consultancy fees)
77
Total (2) Rs. 15,60,400/-
Total (B) = (1 + 2) Rs. 16,10,400/-
Rs. Rs.
Sr. Key Managerial

No Personnel
Total
Company
CEO CFO
Secretary
Gross salary
1961

1.
78
NOT APPLICABLE
Stock Option
2.
3. Sweat Equity
Commission
4. - As % of profit

5.
Total
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
M/s. BSR & Co.
Name of audit firm LLP
Name of auditor signing report Arjun Ramesh
Firms registration number of audit firm 101248W/W-100022
Membership number of auditor 218495
Maruthi Info-Tech
Centre, 11- 12/1,
Address of auditors Inner Ring Road,
Koramangala,
Bangalore - 560071
Permanent account number of auditor or auditor's firm AAAFB9852F
SRN of form ADT-1 S37109931
Date of signing audit report by auditors 16/05/2017
Date of signing of balance sheet by auditors 16/05/2017
79
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (18) [See below]
(a) The
Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of fixed
assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (19) [See below]
(c) According to the
information and
explanations given
to us the Company
does not have any
Disclosure relating to title deeds of immovable properties immovable property.
Thus, paragraph 3 (i)
(c) of the order is not
applicable to the
Company.
Textual information
Disclosure in auditors report relating to inventories (20) [See below]
Textual information
Disclosure in auditors report relating to loans (21) [See below]
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (22) [See below]
Textual information
Disclosure relating to terms and conditions of loans granted (23) [See below]
Textual information
Disclosure regarding receipt of loans granted (24) [See below]
Textual information
Disclosure regarding terms of recovery of loans granted (25) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (26) [See below]
The Company has
not accepted any
Disclosure in auditors report relating to deposits accepted deposits from the
public.
The Central
Government of India
has not prescribed
the maintenance of
Disclosure in auditors report relating to maintenance of cost records cost records under
Section 148(1) of the
Act, for any of the
services rendered by
the Company.
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (27) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (28) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (29) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (30) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (31) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (32) [See below]
80
In our opinion and

according to the
information and
explanations given
to us, the Company
is not a Nidhi
Disclosure in auditors report relating to Nidhi Company company.
Accordingly,
paragraph 3(xii) of
the Order is not
applicable to the
Company
Textual information
Disclosure in auditors report relating to transactions with related parties (33) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (34) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (35) [See below]
(vii) The
Company is not
required to be
Disclosure in auditors report relating to registration under section 45-IA of
registered under
Reserve Bank of India Act, 1934 Section 45-IA of the
Reserve Bank of
lndia Act, 1934.

01/04/2016
to
31/03/2017
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed assets by which its fixed assets are verified in a phased manner
over a period of three years. In our opinion, the periodicity of physical verification is reasonable having regard to the size of the Company and the
nature of its assets. In accordance with this programme, certain fixed assets were verified during the year and no material discrepancies were
noted. (c) According to the information and explanations given to us the Company does not have any immovable property. Thus, paragraph 3 (i)
(c) of the order is not applicable to the Company.
Disclosure relating to physical verification and material discrepancies of fixed assets

(b) The Company has a regular programme of physical verification of its fixed assets by which its fixed assets are verified in a phased
manner over a period of three years. In our opinion, the periodicity of physical verification is reasonable having regard to the size of the Company
and the nature of its assets. In accordance with this programme, certain fixed assets were verified during the year and no material discrepancies
were noted.
Disclosure in auditors report relating to inventories

(ii) The Company is a service company, primarily rendering Third Party Administration and related services. Accordingly, it does not
hold any physical inventories. Thus, paragraph 3(ii) of the Order is not applicable to the Company.
81
Disclosure in auditors report relating to loans

(ii) The Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained
under section 189 of the Companies Act, 2013 (‘the Act’). Accordingly, paragraph 3 (iii) (a), (b) and (c) of the order are not applicable to the
Company
Disclosure about loans granted to parties covered under section 189 of companies act
Company.
Disclosure relating to terms and conditions of loans granted

Company.
Disclosure regarding receipt of loans granted

Company.
Disclosure regarding terms of recovery of loans granted

Company.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
Company.
82
Disclosure in auditors report relating to statutory dues [Text Block]

(ii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts
deducted / accrued in the books of account in respect of undisputed statutory dues including Provident fund, Employees’ State Insurance, Income
tax, Service tax, Cess and any other statutory dues have generally been regularly deposited during the year by the Company with the appropriate
authorities. As explained to us, the Company did not have any dues on account of Wealth tax, Sales tax, Value added tax, Customs duty and
Excise duty.
According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, Employees’
State Insurance, Income tax, Service tax, Sales tax, Value added tax, Cess and other statutory dues were in arrears, as at 31 March 2017, for a
period of more than six months from the date they became payable.
(vii) (b) According to the information and explanations given to us, there are no disputed amounts payable in respect of Service tax. The
following dues of Income tax are being disputed by the Company:
Period to which the

Amount
Name of the Amounts paid under amount relates
Nature of the dues Forum where dispute is pending
statute protest (Rs.)
(Rs.)
(Assessment year)
Income Tax Tax deducted at source on

55,024,185 55,024,185 2003-04 to 2009-10 High Court, Karnataka
Act, 1961 professional fees
Income Tax Income tax and interest Commissioner of Income Taxes

31,914,643 31,914,643 2011-12
Act, 1961 thereon (Appeals), Bangalore
2012-13
597,590 597,590
2013-14
1,865,425 1,865,425
83
Disclosure relating to disputed statutory dues [Text Block]

(vii) b) According to the information and explanations given to us, there are no disputed amounts payable in respect of Service tax. The
Period to which the

Amount
(Rs.)
(Assessment year)


31,914,643 31,914,643 2011-12
2012-13
597,590 597,590
2013-14
1,865,425 1,865,425
Disclosure in auditors report relating to default in repayment of financial dues

(vii) The Company does not have any loans or borrowing from any financial institution, bank, government or debenture holders during the
year. Accordingly, paragraph 3(viii) of the Order is not applicable to the Company.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
Company.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
(vii) According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers or
employees has been noticed or reported during the course of our audit.
84
Disclosure in auditors report relating to managerial remuneration

The Company is a private limited company under the definition of the Companies Act, 2013, hence the provisions of Section 197 read with
Schedule V to the Act is not applicable to the Company. Accordingly, paragraph 3 (xi) of the Order is not applicable to the Company
Disclosure in auditors report relating to transactions with related parties

(vii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions
with the related parties are in compliance with Sections 177 and 188 of the Act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
(vii According to the information and explanations given to us and based on our examination of the records of the Company, the
Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
(vii) According to the information and explanations given to us and based on our examination of records of the Company, the Company
has not entered into any non-cash transactions with directors or persons connected with him under the provisions of Section 192 of the Act.
Accordingly, paragraph 3(xv) of the Order is not applicable to the Company.
85
Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report
To Members of Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India TPA Private Limited)
Report on the Financial Statements
We have audited the accompanying financial statements of Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India
TPA Private Limited) (“the Company”), which comprise the balance sheet as at 31 March 2017, the statement of profit and loss, the cash flow
statement for the year then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to
the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section
133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the
audit report under the provisions of the Act and the Rules made thereunder.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.
Auditor’s Responsibility (continued)
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s
preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by
the Company’s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.
Opinion
86
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at 31 March 2017, and its profit and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of sub-section
(11) of section 143 of the Act, we give in the “Annexure A”, a statement on the matters specified in the paragraphs 3 and 4 of the Order, to the
extent applicable.
2. As required by section 143(3) of the Act, we report that:
(a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit;
(b) in our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books;
(c) the balance sheet, the statement of profit and loss and the cash flow statement dealt with by this Report are in agreement with the books of
account;
(d) in our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014;
Report on Other Legal and Regulatory Requirements (continued)
(e) on the basis of the written representations received from the directors as on 31 March 2017, and taken on record by the Board of
Directors, none of the directors is disqualified as on
31 March 2017, from being appointed as a director in terms of Section 164(2) of the Act;
(f) with respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of
such controls, refer to our separate report in “Annexure B”; and
(g) with respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer
Note 2.23 to the financial statements;
87
ii. The Company does not have any long-term contracts including derivative contracts for which there are any material
foreseeable losses;
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the
Company; and
iv. The Company has provided requisite disclosures in the financial statements as to holdings as well as dealings in Specified
Bank Notes during the period from 8 November 2016 to 30 December 2016. Based on audit procedures and relying on the management
representation we report that the disclosures are in accordance with books of account maintained by the Company and as produced to us by the
Management – Refer Note 2.34 to the financial statements.
for B S R & Co. LLP
Chartered Accountants
Firm Reg. No:101248W/W-100022
Arjun Ramesh
Partner
Membership number: 218495
Place: Bengaluru
Date: 16 May 2017
Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India TPA Private Limited) Annexure A to the Independent
Auditor’s Report
With reference to the Annexure A referred to in the Independent Auditor’s Report to the members of Medi Assist Insurance TPA Private Limited
(formerly known as Medi Assist India TPA Private Limited) (“the Company”) for the year ended 31 March 2017, we report that:
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed assets by which its fixed assets are verified in a phased
manner over a period of three years. In our opinion, the periodicity of physical verification is reasonable having regard to the size of the Company
and the nature of its assets. In accordance with this programme, certain fixed assets were verified during the year and no material discrepancies
were noted.
(c) According to the information and explanations given to us the Company does not have any immovable property. Thus, paragraph 3 (i) (c) of
the order is not applicable to the Company.
88
(ii) The Company is a service company, primarily rendering Third Party Administration and related services. Accordingly, it does not
hold any physical inventories. Thus, paragraph 3(ii) of the Order is not applicable to the Company.
(iii) The Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained
Company.
(iv) According to the information and explanations given to us, the Company has not granted loans, investments, guarantees, and security
to companies, firms or other parties and section 185 and 186 of the Act is not applicable to the Company.
(v) The Company has not accepted any deposits from the public.
(vi) The Central Government of India has not prescribed the maintenance of cost records under Section 148(1) of the Act, for any of the
services rendered by the Company.
(vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts
deducted / accrued in the books of account in respect of undisputed statutory dues including Provident fund, Employees’ State Insurance, Income
tax, Service tax, Cess and any other statutory dues have generally been regularly deposited during the year by the Company with the appropriate
authorities. As explained to us, the Company did not have any dues on account of Wealth tax, Sales tax, Value added tax, Customs duty and
Excise duty.
According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, Employees’
State Insurance, Income tax, Service tax, Sales tax, Value added tax, Cess and other statutory dues were in arrears, as at 31 March 2017, for a
period of more than six months from the date they became payable.
(vii) (b) According to the information and explanations given to us, there are no disputed amounts payable in respect of Service tax. The
Period to which the

Amount
(Rs.)
(Assessment year)


31,914,643 31,914,643 2011-12
2012-13
597,590 597,590
2013-14
1,865,425 1,865,425
(viii) The Company does not have any loans or borrowing from any financial institution, bank, government or debenture holders during the
year. Accordingly, paragraph 3(viii) of the Order is not applicable to the Company.
(ix) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans
during the year. Accordingly, paragraph 3(ix) of the Order is not applicable to the Company.
89
(x) According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers or
employees has been noticed or reported during the course of our audit.
(xi) The Company is a private limited company under the definition of the Companies Act, 2013, hence the provisions of Section 197
read with Schedule V to the Act is not applicable to the Company. Accordingly, paragraph 3 (xi) of the Order is not applicable to the Company.
(xii) In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company. Accordingly,
paragraph 3(xii) of the Order is not applicable to the Company.
(xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions
with the related parties are in compliance with Sections 177 and 188 of the Act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.
(xiv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company
has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
(xv) According to the information and explanations given to us and based on our examination of records of the Company, the Company
has not entered into any non-cash transactions with directors or persons connected with him under the provisions of Section 192 of the Act.
Accordingly, paragraph 3(xv) of the Order is not applicable to the Company.
(xvi) The Company is not required to be registered under Section 45-IA of the Reserve Bank of lndia Act, 1934.
for B S R & Co. LLP
Firm registration number: 101248W/W-100022
Arjun Ramesh
Partner
Place: Bengaluru
Date: 16 May 2017
90
Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India TPA Private Limited)
Annexure - B to the Independent Auditor’s Report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls over financial reporting of Medi Assist Insurance TPA Private Limited (formerly known as Medi
Assist India TPA Private Limited) (“the Company”) as of
31 March 2017 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities
include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the
orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and
detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial
information, as required under the Companies Act, 2013.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the
Standards on Auditing, issued by ICAI and deemed to be prescribed under Section 143(10) of the Act, to the extent applicable to an audit of
internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of
India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such
controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
91
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal
financial controls over financial reporting were operating effectively as at 31 March 2017, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal
Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
92
for B S R & Co. LLP
Firm Reg. No:101248W/W-100022
Arjun Ramesh
Partner
Place: Bengaluru
Date: 16 May 2017
[400500] Disclosures - Secretarial audit report

01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
93
[100100] Balance sheet

31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 4,01,23,700 4,01,23,700
Reserves and surplus 126,98,18,705 114,65,25,597
Money received against share warrants 0 0
Total shareholders' funds 130,99,42,405 118,66,49,297
Share application money pending allotment 0 0
Deferred government grants 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 28,02,698 8,83,733
Long-term provisions 2,21,33,905 1,65,69,448
Total non-current liabilities 2,49,36,603 1,74,53,181
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables (A) 19,90,24,753 (B) 15,53,39,475

Other current liabilities 96,11,85,161 86,24,32,874
Short-term provisions 1,66,08,308 1,37,94,609
Total current liabilities 117,68,18,222 103,15,66,958
Total equity and liabilities 251,16,97,230 223,56,69,436
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 7,20,91,146 3,77,77,909
Intangible assets 8,40,178 4,03,991
Total fixed assets 7,29,31,324 3,81,81,900
Non-current investments 47,67,64,258 0
Deferred tax assets (net) 3,98,52,490 3,96,92,985
Long-term loans and advances 28,23,70,962 29,66,29,819
Other non-current assets 0 8,32,51,336
Total non-current assets 87,19,19,034 45,77,56,040
Current assets [Abstract]
Current investments 35,09,89,598 33,98,02,591
Inventories 0 0
Trade receivables 48,19,82,642 24,89,32,012
Cash and bank balances 16,40,09,987 55,59,12,709
Short-term loans and advances 2,83,93,669 2,50,97,460
Other current assets 61,44,02,300 60,81,68,624
Total current assets 163,97,78,196 177,79,13,396
Total assets 251,16,97,230 223,56,69,436
Footnotes
(A) 199,024,753 Dues to other than micro and small enterprises
(B) 155,339,475 Dues to other than micro and small enterprises
94
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director VIKRAM SATISH
Middle name of director JIT SINGH VENKATA NAGA
Last name of director CHHATWAL GIDUGU
Designation of director Whole-time Director Director
Director identification number of director 01606329 06643677
Date of signing of financial statements by director 16/05/2017 16/05/2017

01/04/2016
to
31/03/2017
Name of company secretary Megha Matoo
95
[100400] Cash flow statement, indirect

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 18,03,58,281 25,41,29,896
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 62,84,771 29,50,768
Adjustments for depreciation and amortisation expense 2,60,39,277 3,97,80,729
Adjustments for dividend income 86,98,288 1,25,67,187
Other adjustments to reconcile profit (loss) (A) -4,77,84,933 (B) -3,64,48,439

Other adjustments for non-cash items (C) -20,09,923 (D) 1,02,82,468
Total adjustments to profit (loss) -2,61,69,096 39,98,339
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in trade receivables -23,81,81,795 33,16,564
Adjustments for decrease (increase) in other current assets (E) -2,14,66,665 (F) -13,06,82,882
Adjustments for increase (decrease) in trade payables 5,08,26,366 1,74,27,293
Adjustments for increase (decrease) in other current liabilities 9,74,03,434 -14,48,12,390
Adjustments for provisions 83,78,156 1,25,93,783
Total adjustments for working capital -10,30,40,504 -24,21,57,632
Total adjustments for reconcile profit (loss) -12,92,09,600 -23,81,59,293
Net cash flows from (used in) operations 5,11,48,681 1,59,70,603
Income taxes paid (refund) 2,41,61,983 20,83,47,477
Net cash flows from (used in) operating activities before extraordinary
2,69,86,698 -19,23,76,874
items
Net cash flows from (used in) operating activities 2,69,86,698 -19,23,76,874
Cash flows from used in investing activities [Abstract]
Cash flows from losing control of subsidiaries or other businesses (G) -47,36,00,040
0
Other cash receipts from sales of equity or debt instruments of other

entities (H) 104,26,77,752 (I) 184,81,03,890
Other cash payments to acquire equity or debt instruments of other
entities (J) 103,76,12,999 (K) 200,86,52,569
Proceeds from sales of tangible assets 0 79,499
Purchase of tangible assets (L) 6,19,24,021 (M) 1,65,95,504

Dividends received 86,98,288 1,25,67,187
Interest received 2,91,56,371 2,44,86,446
Other inflows (outflows) of cash (N) 24,72,79,961 (O) 4,93,37,616

Net cash flows from (used in) investing activities before extraordinary
-24,53,24,688 -9,06,73,435
items
Net cash flows from (used in) investing activities -24,53,24,688 -9,06,73,435
Cash flows from used in financing activities [Abstract]
Other inflows (outflows) of cash (P) -62,84,771 (Q) -29,50,769
Net cash flows from (used in) financing activities before extraordinary
-62,84,771 -29,50,769
items
Net cash flows from (used in) financing activities -62,84,771 -29,50,769
Net increase (decrease) in cash and cash equivalents before effect of
-22,46,22,761 -28,60,01,078
exchange rate changes
Net increase (decrease) in cash and cash equivalents -22,46,22,761 -28,60,01,078
Cash and cash equivalents cash flow statement at end of period 10,97,43,783 33,43,66,545 62,03,67,623
96
Footnotes
(A) Profit on sale of investments : -16251761 Interest on income tax refund : -18700942 Interest on fixed deposits : -12832230
(B) Profit on sale of investments : -6665690 Interest on income tax refund : 0 Interest on fixed deposits : -29782749
(C) Loss on sale/disposal of fixed assets : 0 Provision for doubtful debts : 0 Provision for doubtful claims and advances : 0 Claims
disallowed : 5131165 Creditors no longer payable written back : -7141088
(D) Loss on sale/disposal of fixed assets : 4096136 Provision for doubtful debts : 3565651 Provision for doubtful claims and advances :
6352666 Claims disallowed : 4614555 Creditors no longer payable written back : -8346540
(E) Decrease/ (Increase) in other current assets : -19306481 Decrease / (Increase) in loans and advances : -2160184
(F) Decrease/ (Increase) in other current assets : -177608570 Decrease / (Increase) in loans and advances : 46925688
(G) Purchase of non-current investments
(H) Proceeds from sale of current investments
(I) Proceeds from sale of current investments
(J) Purchase of current investments
(K) Purchase of current investments
(L) Purchase of fixed assets including capital advances
(M) Purchase of fixed assets including capital advances
(N) Increase in deposit accounts : -64851863 Proceeds from maturity of fixed deposits : 312131824
(O) Increase in deposit accounts : -366668036 Proceeds from maturity of fixed deposits : 416005652
(P) Finance Cost paid
(Q) Finance Cost Paid
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 1 [Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Shares Equity
Medi Assist Healthcare Medi Assist Healthcare
Name of shareholder Services Private Limited Services Private Limited
CIN of shareholder U74900KA2000PTC027229 U74900KA2000PTC027229
PAN of shareholder AABCN2261E AABCN2261E
Country of incorporation or residence of
INDIA INDIA
shareholder
Number of shares held in company [shares] 40,12,365 [shares] 40,12,365 [shares] 40,12,365 [shares] 40,12,365
Percentage of shareholding in company 99.99% 99.99%
97
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 40,20,000 [shares] 40,20,000 [shares] 40,20,000 [shares] 40,20,000
Value of shares authorised 4,02,00,000 4,02,00,000 4,02,00,000 4,02,00,000
Number of shares issued [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370
Value of shares issued 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Number of shares subscribed and fully paid [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370
Value of shares subscribed and fully paid 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370
Total value of shares subscribed 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370
Value of shares called 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
debentures preference shares during
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
98
Decrease in number of shares during period

[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370 [shares] 40,12,370
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 0 0 0
Share capital at end of period 4,01,23,700 4,01,23,700 4,01,23,700 4,01,23,700
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
99
Amount of shares reserved for issue under options

and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
100
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
Number of shares authorised [shares] 40,20,000 [shares] 40,20,000
Value of shares authorised 4,02,00,000 4,02,00,000
Number of shares issued [shares] 40,12,370 [shares] 40,12,370
Value of shares issued 4,01,23,700 4,01,23,700
Number of shares subscribed and fully paid [shares] 40,12,370 [shares] 40,12,370
Value of shares subscribed and fully paid 4,01,23,700 4,01,23,700
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 40,12,370 [shares] 40,12,370
Total value of shares subscribed 4,01,23,700 4,01,23,700
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 40,12,370 [shares] 40,12,370
Value of shares called 4,01,23,700 4,01,23,700
Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 4,01,23,700 4,01,23,700
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 40,12,370 [shares] 40,12,370
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
101
Amount of private placement issue arising out of conversion of

0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 4,01,23,700 4,01,23,700
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share [pure] 0 [pure] 0
Whether money raised from public offering during year No No
102
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 12,32,93,108 14,63,80,195 12,32,93,108 14,63,80,195
Total additions to reserves 12,32,93,108 14,63,80,195 12,32,93,108 14,63,80,195
Total changes in reserves 12,32,93,108 14,63,80,195 12,32,93,108 14,63,80,195
Reserves at end of period 126,98,18,705 114,65,25,597 126,98,18,705 114,65,25,597
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
31/03/2015
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Reserves at end of period 100,01,45,402
103
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 5,70,50,913 1,84,66,544 5,70,50,913 1,84,66,544
assets
Depreciation tangible assets -2,27,37,676 -2,88,42,379 2,27,37,676 2,88,42,379
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 41,75,635 0 11,73,23,131 0 11,31,47,496
others
Total disposals tangible
0 41,75,635 0 11,73,23,131 0 11,31,47,496
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
3,43,13,237 -1,45,51,470 5,70,50,913 -9,88,56,587 2,27,37,676 -8,43,05,117
assets
Tangible assets at end of period 7,20,91,146 3,77,77,909 14,50,83,399 8,80,32,486 7,29,92,253 5,02,54,577
104

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 41,75,635 0 11,73,23,131 0 11,31,47,496
others
0 41,75,635 0 11,73,23,131 0 11,31,47,496
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
3,43,13,237 -1,45,51,470 5,70,50,913 -9,88,56,587 2,27,37,676 -8,43,05,117
assets
105

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 34,000 4,23,200 34,000 4,23,200
assets
Depreciation tangible assets -3,12,833 -9,27,693 3,12,833 9,27,693
Impairment loss
tangible assets
[Abstract]
0 3,84,933 0 21,98,516 0 18,13,583
others
0 3,84,933 0 21,98,516 0 18,13,583
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,78,833 -8,89,426 34,000 -17,75,316 3,12,833 -8,85,890
assets
Tangible assets at end of period 10,40,764 13,19,597 22,75,390 22,41,390 12,34,626 9,21,793
106

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,84,933 0 21,98,516 0 18,13,583
others
0 3,84,933 0 21,98,516 0 18,13,583
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,78,833 -8,89,426 34,000 -17,75,316 3,12,833 -8,85,890
assets
107

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,84,933 0 21,98,516 0 18,13,583
others
0 3,84,933 0 21,98,516 0 18,13,583
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,78,833 -8,89,426 34,000 -17,75,316 3,12,833 -8,85,890
assets
108

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,84,933 0 21,98,516 0 18,13,583
others
0 3,84,933 0 21,98,516 0 18,13,583
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,78,833 -8,89,426 34,000 -17,75,316 3,12,833 -8,85,890
assets
109

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 66,72,333 6,30,280 66,72,333 6,30,280
assets
Impairment loss
tangible assets
[Abstract]
0 30,54,011 0 1,65,14,103 0 1,34,60,092
others
0 30,54,011 0 1,65,14,103 0 1,34,60,092
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
55,61,192 -54,60,873 66,72,333 -1,58,83,823 11,11,141 -1,04,22,950
assets
Tangible assets at end of period 88,52,429 32,91,237 1,47,56,780 80,84,447 59,04,351 47,93,210
110

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 30,54,011 0 1,65,14,103 0 1,34,60,092
others
0 30,54,011 0 1,65,14,103 0 1,34,60,092
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
55,61,192 -54,60,873 66,72,333 -1,58,83,823 11,11,141 -1,04,22,950
assets
Tangible assets at end of period 88,52,429 32,91,237 1,47,56,780 80,84,447 59,04,351 47,93,210
111

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,527 0 91,42,289 0 91,38,762
others
0 3,527 0 91,42,289 0 91,38,762
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
32,34,541 -3,859 65,65,267 -56,57,430 33,30,726 -56,53,571
assets
Tangible assets at end of period 92,90,749 60,56,208 1,92,30,432 1,26,65,165 99,39,683 66,08,957
112

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,527 0 91,42,289 0 91,38,762
others
0 3,527 0 91,42,289 0 91,38,762
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
32,34,541 -3,859 65,65,267 -56,57,430 33,30,726 -56,53,571
assets
Tangible assets at end of period 92,90,749 60,56,208 1,92,30,432 1,26,65,165 99,39,683 66,08,957
113

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 583 0 8,11,12,936 0 8,11,12,353
others
0 583 0 8,11,12,936 0 8,11,12,353
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
85,36,191 -45,52,890 2,45,80,434 -6,71,84,731 1,60,44,243 -6,26,31,841
assets
114

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 583 0 8,11,12,936 0 8,11,12,353
others
0 583 0 8,11,12,936 0 8,11,12,353
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
85,36,191 -45,52,890 2,45,80,434 -6,71,84,731 1,60,44,243 -6,26,31,841
assets
115

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,90,52,363 0 1,90,52,363 0
assets
Impairment loss
tangible assets
[Abstract]
0 90,717 0 41,53,234 0 40,62,517
others
0 90,717 0 41,53,234 0 40,62,517
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,73,40,996 -21,46,868 1,90,52,363 -41,53,234 17,11,367 -20,06,366
assets
Tangible assets at end of period 1,79,91,696 6,50,700 2,62,13,657 71,61,294 82,21,961 65,10,594
116

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,90,52,363 0 1,90,52,363 0
assets
Impairment loss
tangible assets
[Abstract]
0 90,717 0 41,53,234 0 40,62,517
others
0 90,717 0 41,53,234 0 40,62,517
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,73,40,996 -21,46,868 1,90,52,363 -41,53,234 17,11,367 -20,06,366
assets
Tangible assets at end of period 1,79,91,696 6,50,700 2,62,13,657 71,61,294 82,21,961 65,10,594
117

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,46,516 0 1,46,516 0
assets
Impairment loss
tangible assets
[Abstract]
0 6,41,864 0 42,02,053 0 35,60,189
others
0 6,41,864 0 42,02,053 0 35,60,189
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-80,850 -14,97,554 1,46,516 -42,02,053 2,27,366 -27,04,499
assets
118

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 6,41,864 0 42,02,053 0 35,60,189
others
0 6,41,864 0 42,02,053 0 35,60,189
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-80,850 -14,97,554 1,46,516 -42,02,053 2,27,366 -27,04,499
assets
119

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
Nature of other tangible assets 0 0 0 0 0 0
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 6,41,864 0 42,02,053 0 35,60,189
others
0 6,41,864 0 42,02,053 0 35,60,189
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-80,850 -14,97,554 1,46,516 -42,02,053 2,27,366 -27,04,499
assets
120

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
Nature of other tangible assets 0 0.00 0 0.00 0 0.00
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 6,41,864 0 42,02,053 0 35,60,189
others
0 6,41,864 0 42,02,053 0 35,60,189
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-80,850 -14,97,554 1,46,516 -42,02,053 2,27,366 -27,04,499
assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets Other plant and equipment
[Member] [Member]
Owned and leased assets Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis]
[Member] [Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets - - - - - -
Useful lives or depreciation rates
NA NA NA NA NA NA
tangible assets
121

Other plant and equipment
[Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
straight line Straight line straight line Straight line
Depreciation method tangible assets method method
- -
method method
10 years 10 years NA NA 10 years 10 years
tangible assets

Computer equipments
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
straight line Straight line
Depreciation method tangible assets - -
method method
- -

NA NA 5 years 5 years NA NA
tangible assets

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
straight line Straight line straight line Straight line
Depreciation method tangible assets method method
- -
method method
Useful lives or depreciation rates over life of Over life of lease
3-6 years 3-6 years NA NA
tangible assets lease term term
122

Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
straight line Straight line
Depreciation method tangible assets - - - -
method method
NA NA NA NA 10 years 10 years
tangible assets

01/04/2016
to
31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
123
Disclosure of notes on tangible assets explanatory [Text Block]

Tangible fixed assets
Tangible fixed assets are stated at cost of acquisition or construction less accumulated depreciation and/or accumulated impairment
loss, if any. The cost of an item of tangible fixed asset comprises its purchase price, including import duties and other non-refundable
taxes or levies and any directly attributable cost of bringing the asset to its working condition for its intended use; any trade discounts
and rebates are deducted in arriving at the purchase price.
Subsequent expenditures related to an item of tangible fixed asset are added to its book value only if they increase the
future benefits from the existing asset beyond its previously assessed standard of performance.
Tangible fixed assets acquired wholly or partly with specific grant/subsidy from government, are recorded at the net
acquisition cost to the company.
Borrowing costs are interest and other costs (including exchange differences arising from foreign currency borrowings to
the extent that they are regarded as an adjustment to interest costs) incurred by the Company in connection with the
borrowing of funds. Borrowing costs directly attributable to acquisition or construction of those tangible fixed assets
which necessarily take a substantial period of time to get ready for their intended use are capitalised. Other borrowing
costs are recognised as an expense in the period in which they are incurred.
Exchange differences (favorable as well as unfavorable) arising in respect of translation/settlement of long term foreign
currency borrowings attributable to the acquisition of a depreciable asset are also included in the cost of the asset.
Tangible fixed assets under construction are disclosed as capital work-in-progress.
Leases under which the company assumes substantially all the risks and rewards of ownership are classified as finance
leases. Assets taken on finance lease are initially capitalised at fair value of the asset or present value of the minimum
lease payments at the inception of the lease, whichever is lower. Lease payments are apportioned between the finance
charge and the reduction of the outstanding liability. The finance charge is allocated to periods during the lease term so as
to produce a constant periodic rate of interest on the remaining balance of the liability for each period.
Depreciation on fixed assets is provided on straight-line method (SLM) over the useful life as specified in Part C of
Schedule II of the Companies Act, 2013. Leasehold assets are amortized on a straight line basis over the period of lease.
Pursuant to the Act, depreciation is provided considering the following useful life:
Useful
life
Category of assets
(in
years)
10
Furniture and fixtures
years
3
Computer equipments - end user devices
years
6
Computer equipments - servers and network
years
10
Electrical equipments
years
5
Office equipments
years
10
Air conditioners
years
Depreciation is provided on a pro-rata basis i.e. from the date on which asset is ready for use.
A fixed asset is eliminated from the financial statements on disposal or when no further benefit is expected from its use
and disposal.
124
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 37,37,788 31,17,978 37,37,788 31,17,978
intangible assets
Total additions to
37,37,788 31,17,978 37,37,788 31,17,978
intangible assets
Amortization intangible assets -33,01,601 -1,09,38,350 33,01,601 1,09,38,350
Impairment loss
loss intangible assets
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
4,36,187 -78,20,372 37,37,788 31,17,978 33,01,601 1,09,38,350
assets
Intangible assets at end of period 8,40,178 4,03,991 6,58,03,169 6,20,65,381 6,49,62,991 6,16,61,390
125

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
37,37,788 31,17,978 37,37,788 31,17,978
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,36,187 -78,20,372 37,37,788 31,17,978 33,01,601 1,09,38,350
assets
126

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
37,37,788 31,17,978 37,37,788 31,17,978
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,36,187 -78,20,372 37,37,788 31,17,978 33,01,601 1,09,38,350
assets
127

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
37,37,788 31,17,978 37,37,788 31,17,978
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,36,187 -78,20,372 37,37,788 31,17,978 33,01,601 1,09,38,350
assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
[Member]
Internally generated and other Internally generated and other
Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated than internally generated
internally generated [Member]
intangible assets [Member] intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
intangible assets [LineItems]
amortised over
amortised over
the period the
the period the
Company
Useful lives or amortization rates company expects
NA NA NA NA expects to
intangible assets to derive
derive
economic
economic
benefits
benefit
Description of amortization method straight line
- - - - Straight line
used method
128

01/04/2016
to
31/03/2017
Disclosure of notes on intangible assets explanatory [TextBlock] [See below]
Disclosure of notes on intangible assets explanatory [Text Block]

Intangible assets
Acquired intangible assets
Intangible assets that are acquired by the Company are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.
Subsequent expenditure is capitalised only when it increases the future economic benefits from the specific asset to which it relates.
Intangible assets are amortised over the period the Company expects to derive economic benefit from their use. The management
believes that the period of amortization is representative of the period over which the Company expects to derive economic benefits
from the use of the assets.
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] 1
01/04/2016
to
31/03/2017
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in
Type of non-current investments subsidiaries equity
instruments
Class of non-current investments Other investments
Nature of non-current investments Unquoted
Non-current investments 47,67,64,258
Dedicated
Name of body corporate in whom investment has been made Healthcare Services
TPA (India)
Details of whether such body corporate is subsidiary, associate, joint venture or controlled
Subsidiary
special purpose entity
Number of shares of non-current investment made in body corporate [shares] 14,900

31/03/2017 31/03/2016
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 47,67,64,258 0
Aggregate provision for diminution in value of non-current investments 0 0
Share non-current investments joint ventures 0 0
129
[200500] Notes - Current investments
Details of current investments [Table] ..(1)

Classification of current investments [Axis] 1 2
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [LineItems]
Investments in Investments in mutual Investments in Investments in mutual
Type of current investments mutual funds funds mutual funds funds
Class of current investments Current investments Current investments Current investments Current investments
Nature of current investments Unquoted Unquoted Unquoted Unquoted
Current investments 5,00,90,107 6,00,00,000 6,57,59,080 7,30,15,869
Lower of cost and Lower of cost and fair Lower of cost and Lower of cost and fair
Basis of valuation of current investments fair value value fair value value
IDFC Cash Fund- Axis Short Term Fund IDFC Corporate IDFC Corporate Bond
Name of body corporate in whom investment has
Daily Dividend- - Direct Growth - Bond Fund Direct Fund Direct Plan -
been made (Direct Plan) STDG Plan - Dividend Dividend

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Current
Class of current investments investments
Current investments Current investments Current investments

Lower of cost Lower of cost and fair Lower of cost and Lower of cost and fair
Basis of valuation of current investments and fair value value fair value value
IDFC Super Saver
IDFC Super Saver
Kotak- Income IDFC Government Income Fund -
Income Fund - Short
Name of body corporate in whom investment has Medium Term Securities Fund - Short Medium Term
Term Plan-Monthly
been made Fund - Growth Term Plan-Weekly Plan-Monthly
Dividend-(Regular
(Regular Plan) Dividend-(Regular Plan) Dividend-(Direct
Plan)
Plan)
130

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Current
Class of current investments investments
Current investments Current investments Current investments

Lower of cost Lower of cost and fair Lower of cost and Lower of cost and fair
Basis of valuation of current investments and fair value value fair value value
ICICI Regular
Name of body corporate in whom investment has MF-UTI Axis Banking Debt Fund - ICICI Regular Income
Income Fund -
been made Mutual Fund Direct Plan- Growth Fund - Growth
Growth

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Class of current investments Current investments Current investments Current investments Current investments
Lower of cost and Lower of cost and fair Lower of cost and Lower of cost and fair
Basis of valuation of current investments fair value value fair value value
Kotak - Income
Kotak - Income
Name of body corporate in whom investment has ICICI Corporate ICICI Corporate Bond Opportunity Fund -
Opportunity Fund -
been made Bond Fund - Growth Fund - Growth Regular Plan
Regular Plan Growth
Growth

Classification of current investments [Axis] 9
01/04/2015
to
31/03/2016
Disclosure of details of current investments [Abstract]
Investments in
Type of current investments mutual funds
Class of current investments Current investments
Nature of current investments Unquoted
Current investments 2,00,00,000
Lower of cost and
Basis of valuation of current investments fair value
Reliance Regular
Name of body corporate in whom investment has been made Saving Fund Debt
Plan Growth
131

31/03/2017 31/03/2016
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments (A) 0 (B) 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments (C) 35,09,89,598 (D) 33,98,02,591

Aggregate provision for diminution in value of current investments 0 0
Footnotes
(A) G/L Acct/BP Code Investments in unquoted mutual funds
(B) G/L Acct/BP Code Investments in unquoted mutual funds
(C) Investments in unquoted mutual funds
(D) investments in unquoted mutual funds
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 2,21,33,905 1,65,69,448 50,41,094 0
Provision leave encashment 1,15,67,214 1,37,94,609
Total provisions for employee benefits 2,21,33,905 1,65,69,448 1,66,08,308 1,37,94,609
CSR expenditure provision 0 0 0 0
Total provisions 2,21,33,905 1,65,69,448 1,66,08,308 1,37,94,609
132
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Secured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 28,23,70,962 29,66,29,819 12,38,920 0
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 28,23,70,962 29,66,29,819 12,38,920 0
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Classification of loans and advances [Axis] Security deposits [Member] Other loans and advances [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 1,87,25,247 1,79,87,471 26,24,06,795 27,86,42,348
0 0 0 0
advances
Loans and advances 1,87,25,247 1,79,87,471 26,24,06,795 27,86,42,348
[Abstract]
0 0 0 0
0 0 0 0
director
133

Classification of loans and advances [Axis] Advance tax [Member] Advance income tax paid [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 25,38,51,821 26,82,13,573 25,38,51,821 26,82,13,573
0 0 0 0
advances
Loans and advances 25,38,51,821 26,82,13,573 25,38,51,821 26,82,13,573
[Abstract]
0 0 0 0
0 0 0 0
director

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Other loans and advances, others
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Secured considered good [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross (A) 85,54,974 (B) 1,04,28,775 2,83,93,669 2,50,97,460
0 0 0 0
advances
Loans and advances 85,54,974 1,04,28,775 2,83,93,669 2,50,97,460
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Earnest Money Deposits : 8073000 Others : 481974
(B) Earnest Money Deposits : 9950000 Others : 478775
134

Classification based on time period [Axis] Short-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 0 0 1,29,72,017 90,01,586
0 0 0 0
advances
Loans and advances 0 0 1,29,72,017 90,01,586
[Abstract]
0 0 0 0
0 0 0 0
director

Loans advances given suppliers
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross (A) 0 (B) 0 49,22,240 73,04,649
0 0 0 0
advances
Loans and advances 0 0 49,22,240 73,04,649
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Security Deposits : 82100 Provision for doubtful advance and deposit : -82100
(B) Security Deposits : 1110726 Provision for doubtful advance and deposit : -1110726
135

Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross (A) 0 (B) 0 12,79,345 17,94,672
0 0 0 0
advances
Loans and advances 0 0 12,79,345 17,94,672
[Abstract]
0 0 0 0
0 0 0 0
director
Footnotes
(A) Advance given to vendors : 0 Provision for doubtful advance : 0
(B) Advance given to vendors : 564071 Provision for doubtful advance : -564071

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 92,20,067 69,96,553 92,20,067 69,96,553
0 0 0 0
advances
Loans and advances 92,20,067 69,96,553 92,20,067 69,96,553
[Abstract]
0 0 0 0
0 0 0 0
director
136
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 48,19,82,642 24,89,32,012 34,19,20,325 20,58,66,888
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 48,19,82,642 24,89,32,012 34,19,20,325 20,58,66,888
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 14,00,62,317 4,30,65,124
Allowance for bad and doubtful debts (A) 0 (B) 0
Total trade receivables 14,00,62,317 4,30,65,124
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Total trade receivables due by firms or companies in which any
0 0
director is partner or director
Footnotes
(A) Considered doubtful : 26334228 Provision for doubtful debts : -26334228
(B) Considered doubtful : 26334228 Provision for doubtful debts : -26334228
137
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member]
31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 28,02,698 8,83,733
Total others, long-term 28,02,698 8,83,733
Total other long-term liabilities 28,02,698 8,83,733
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Public deposit payable, current 0 0
Total other payables, current 0 0
Short-term employee related liabilities 3,21,58,538 3,65,84,282
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (A) 92,90,26,623 (B) 82,58,48,592
Total other current liabilities 96,11,85,161 86,24,32,874
Other non-current assets, others (C) 0

(D) 8,32,51,336
Total other non-current assets 0 8,32,51,336
Bank deposits (due to
Nature of other non-current assets, others NIL mature after 12 months
from reporting date)
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks (E) 10,96,38,093 (F) 33,41,95,797

Total balance with banks 10,96,38,093 33,41,95,797
Cash on hand 1,05,690 1,70,748
Total cash and cash equivalents 10,97,43,783 33,43,66,545
Other bank balances (G) 5,42,66,204 (H) 22,15,46,164

Total cash and bank balances 16,40,09,987 55,59,12,709
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Unbilled revenue 61,32,51,559 59,39,45,078
Interest receivable 11,50,741 1,42,23,546
Other current assets, others (I) 0 (J) 0
Total other current assets 61,44,02,300 60,81,68,624
138
Footnotes
(A) Unearned revenue : 619787311 Insurer's float balance : 38240051 Statutory dues payable : 90376123 Creditors towards other
expenses : 80722873 Creditors towards capital goods : 103600 Accrued expenses : 99796665
(B) Unearned revenue : 542062792 Insurer's float balance : 81358585 Statutory dues payable : 83082934 Creditors towards other
expenses : 53280932 Creditors towards capital goods : 2006610 Accrued expenses : 64056739
(C) Bank Deposits : 0 Interest accrued on deposits : 0
(D) Bank Deposits : 80000000 Interest accrued on deposits : 3251336
(E) In Current Accounts : 73592313 In Float Accounts : 36045781
(F) In Current Accounts : 254829010 In Float Accounts : 79366787
(G) In deposit accounts (due to mature within 12 months from reporting date) : 54266203
(H) In deposit accounts (due to mature within 12 months from reporting date) : 221546164
(I) Other receivables : 12233623 Provision for doubtful debts : -12233623
(J) Other receivables : 12233623 Provision for doubtful debts : -12233623
[200700] Notes - Additional disclosures on balance sheet

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
139
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2016
to
31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (39)
changes in estimates explanatory [TextBlock] [See below]
Disclosure of general information about company [TextBlock] [See below]
Disclosure of accounting policies explanatory [TextBlock] [See below]
140
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Medi Assist
Insurance TPA
Private Limited
(formerly
known as Medi
Assist India
TPA Private
Limited)
Notes to
financial
statements
Company Overview
Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India TPA Private
Limited) ("the Company") holds a license from the Insurance Regulatory and Development
Authority (IRDA) to function as a Third Party Administrator (TPA). The Company has signed up
contracts with several general insurance companies. The Company's income is primarily derived in
the form of TPA fees raised on the insurance companies expressed as a percentage on the Insurance
Premium / fixed price per head paid by the insured to the insurance company. The Company also
derives income from pre-policy check up and card processing carried out for insurance companies.
1 Significant accounting policies
The accounting policies set out below have been applied consistently to the periods presented in
these financial statements.
(a) Basis of preparation of financial statements
The financial statements have been prepared and presented under the historical cost convention on
the accrual basis of accounting and comply with Accounting Standards prescribed under Section 133
of the Companies Act 2013 ("the Act") read with Rule 7 of Companies (Accounts) Rules, 2014,
other pronouncements of the Institute of Chartered Accountants of India ('ICAI') and the provisions
of the Act to the extent notified and applicable. The financial statements are presented in Indian
Rupees.
(b) Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting
Principles (GAAP) requires management to make judgments, estimates and assumptions that affect
the application of accounting policies and reported amounts of assets, liabilities, income and
expenses and the disclosure of contingent liabilities on the date of the financial statements. Actual
results could differ from those estimates. Estimates and underlying assumptions are reviewed on an
ongoing basis. Any revision to accounting estimates is recognised prospectively in current and
future periods.
.(c) Revenue recognition
The Company derives revenue from rendering TPA services which is measured either as a
percentage of insurance premium or amount per life covered under the policy depending on the
i. terms of the contract entered into with customers. Such amounts are recognised as revenue on a
pro-rata basis during the period of the underlying insurance policy based on the information made
available to the Company from its customers.
Unbilled revenue included in other current assets represents the income recognised based on the
enrolment of policies pending receipt of confirmations through premium registers from the
ii. insurance company as at the year-end in respect of which invoices have not been raised. Portion of
income received for period subsequent to the year end is considered as unearned income which is
included in other current liabilities.
Revenue from rendering pre-policy check up (PPC) services is recognised as and when services are
iii. rendered in accordance with the terms of the agreement entered into with respective insurance
companies, net of reimbursement of expenses.
Revenue from card processing is recognised as and when the card is issued to the beneficiaries at the
iv.
rate per card agreed with the insurance company.
Interest on investments and deposits is recognised on time proportion basis. Dividend income is
v.
accounted for when it is declared.
Medi Assist
Insurance TPA
Private Limited
141
(formerly
known as Medi
142
Assist India
TPA Private
Limited)
Notes to
financial
statements
(continued)
(d) Fixed assets and depreciation
Tangible fixed assets
Tangible fixed assets are stated at cost of acquisition or construction less accumulated depreciation
and/or accumulated impairment loss, if any. The cost of an item of tangible fixed asset comprises its
purchase price, including import duties and other non-refundable taxes or levies and any directly
attributable cost of bringing the asset to its working condition for its intended use; any trade
discounts and rebates are deducted in arriving at the purchase price.
Subsequent expenditures related to an item of tangible fixed asset are added to its book value only if
they increase the future benefits from the existing asset beyond its previously assessed standard of
performance.
Tangible fixed assets acquired wholly or partly with specific grant/subsidy from government, are
recorded at the net acquisition cost to the company.
Borrowing costs are interest and other costs (including exchange differences arising from foreign
currency borrowings to the extent that they are regarded as an adjustment to interest costs) incurred
by the Company in connection with the borrowing of funds. Borrowing costs directly attributable to
acquisition or construction of those tangible fixed assets which necessarily take a substantial period
of time to get ready for their intended use are capitalised. Other borrowing costs are recognised as
an expense in the period in which they are incurred.
Exchange differences (favorable as well as unfavorable) arising in respect of translation/settlement
of long term foreign currency borrowings attributable to the acquisition of a depreciable asset are
also included in the cost of the asset.
Tangible fixed assets under construction are disclosed as capital work-in-progress.
Leases under which the company assumes substantially all the risks and rewards of ownership are
classified as finance leases. Assets taken on finance lease are initially capitalised at fair value of the
asset or present value of the minimum lease payments at the inception of the lease, whichever is
lower. Lease payments are apportioned between the finance charge and the reduction of the
outstanding liability. The finance charge is allocated to periods during the lease term so as to
produce a constant periodic rate of interest on the remaining balance of the liability for each period.
Depreciation on fixed assets is provided on straight-line method (SLM) over the useful life as
specified in Part C of Schedule II of the Companies Act, 2013. Leasehold assets are amortized on a
straight line basis over the period of lease. Pursuant to the Act, depreciation is provided considering
the following useful life:
Useful
life
Category of assets
(in
years)
10
Furniture and fixtures
years
3
Computer equipments - end user devices
years
6
Computer equipments - servers and network
years
10
Electrical equipments
years
5
Office equipments
years
10
Air conditioners
years
Depreciation is provided on a pro-rata basis i.e. from the date on which asset is ready for use.
A fixed asset is eliminated from the financial statements on disposal or when no further benefit is
expected from its use and disposal.
(d) Fixed assets and depreciation (continued)
Intangible assets
Acquired intangible assets
Intangible assets that are acquired by the Company are measured initially at cost. After initial
recognition, an intangible asset is carried at its cost less any accumulated amortisation and any
accumulated impairment loss.
143
Subsequent expenditure is capitalised only when it increases the future economic benefits from the
specific asset to which it relates.
Intangible assets are amortised over the period the Company expects to derive economic benefit
from their use. The management believes that the period of amortization is representative of the
period over which the Company expects to derive economic benefits from the use of the assets.
(e) Impairment of assets
The Company periodically assesses whether there is any indication that an asset or a group of assets
including goodwill comprising a cash generating unit may be impaired. If any such indication exists,
the Company estimates the recoverable amount of the asset. If such recoverable amount of the asset
or the recoverable amount of the cash generating unit to which the asset belongs is less than its
carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated
as an impairment loss and is recognized in the statement of profit and loss.
At the balance sheet date, if there is an indication that a previously assessed impairment loss no
longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable
amount subject to a maximum of depreciable historical cost.
In respect of goodwill, the impairment loss is reversed only when it was caused by specific external
events of an exceptional nature that are not expected to recur and their effects have been reversed by
subsequent external events.
(f) Operating lease

Assets acquired under leases other than finance leases are classified as operating leases. The total
lease rentals (including scheduled rental increases) in respect of an asset taken on operating lease are
charged to the statement of profit and loss on a straight line basis over the lease term unless another
systematic basis is more representative of the time pattern of the benefit. Initial direct costs incurred
specifically for an operating lease are deferred and charged to the statement of profit and loss over
the lease term.
(g) Investments
Investments that are readily realisable and intended to be held for not more than a year from the date
of acquisition are classified as current investments. All other investments are classified as long-term
investments. However, that part of long term investments which is expected to be realised within 12
months after the reporting date is also presented under ‘current assets’ as “current portion of long
term investments”.
Long-term investments (including current portion thereof) are carried at cost less any
other-than-temporary diminution in value, determined separately for each individual investment.
Current investments are carried at the lower of cost and fair value. The comparison of cost and fair
value is done separately in respect of each category of investments.
Any reductions in the carrying amount and any reversals of such reductions are charged or credited
to the statement of profit and loss.
(h) Employee benefits
Short-term employee benefits
Employee benefits payable wholly within twelve months of receiving employee services are
classified as short-term employee benefits. These benefits include salaries and wages, bonus and
ex-gratia. The undiscounted amount of short-term employee benefits expected to be paid in
exchange for employee services is recognized as an expense for the related service rendered by
employees.
Post-employment benefits
Defined contribution plan
A defined contribution plan is a post-employment benefit plan under which an entity pays specified
contributions to a separate entity and has no obligation to pay any further amounts. The Company
makes specified monthly contributions towards employee provident fund and employees state
insurance to a Government administered scheme which is a defined contribution plan. The
Company's contribution is recognized as an expense in the statement of profit and loss during the
period in which the employee renders the related service.
Defined benefit plan
The Company's gratuity benefit scheme is a defined benefit plan. The company’s net obligation in
respect of a defined benefit plan is calculated by estimating the amount of future benefit that
employees have earned in return for their services in the current and prior periods; that benefit is
discounted to determine its present value. The calculation of the Company’s obligation under the
plan is performed annually by a qualified actuary using the projected unit credit method.
The Company recognises all actuarial gains and losses arising from defined benefit plans
immediately in the statement of profit and loss. All expenses related to defined benefit plans are
recognised in employee benefits expense in the statement of profit and loss.
144
Compensated absences
Compensated absences liability is a defined benefit scheme and is accrued based on an actuarial
valuation at the balance sheet date, carried out by an independent actuary using the projected unit
credit method.
To the extent the company does not have an unconditional right to defer the utilization or
encashment of the accumulated compensated absences, the liability determined based on actuarial
valuation is considered to be a current liability.
Actuarial gains and losses are recognized immediately in the statement of profit and loss.
(i) Employee stock option scheme
Equity settled stock option granted are accounted as per the accounting treatment prescribed in the
guidance note on Employee Share based Payments issued by the Institute of Chartered Accountants
of India. The Intrinsic value of the option on the date of grant over its exercise price is recognised as
deferred employee compensation with a credit to employee stock option outstanding account. The
deferred employee compensation is charged to the statement of profit and loss on a straight line
basis over the vesting period of the option. The options that lapse are reversed by a credit to the
employee compensation expenses equal to unamortised portion.
(j) Foreign currency transactions
Transactions:
The Company is exposed to foreign currency transactions including foreign currency revenues,
receivables, purchase of goods and borrowings. Foreign exchange transactions during the year are
recorded at the rates of exchange prevailing on the dates of the respective transactions.
Exchange differences arising on foreign exchange transactions settled during the year are recognized
in the statement of profit and loss of the year.
Translation:
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are
translated at the exchange rates on that date, the resultant exchange differences are recognized in the
statement of profit and loss.
Non-monetary items which are carried in terms of historical cost denominated in foreign currency
are reported using the exchange rate on the date of the transaction.
(k) Provisions and contingent liabilities
The Company recognizes a provision when there is a present obligation as a result of a past
obligating event that probably requires an outflow of resources and a reliable estimate can be made
of the amount of the obligation. A disclosure for a contingent liability is made when there is a
possible obligation or a present obligation that may, but probably will not, require an outflow of
resources. When there is a possible obligation or a present obligation in respect of which the
likelihood of outflow is remote, no provision or disclosure is made.
Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting the
obligations under the contract exceed the economic benefits expected to be received under it, are
recognized when it is probable that an outflow of resources embodying economic benefits will be
required to settle a present obligation as a result of an obligating event, based on a reliable estimate
of such obligation.
(l) Income taxes
Income-tax expense comprises current tax (i.e. amount of tax for the year determined in accordance
with Indian Income-tax laws) and deferred tax charge or credit (reflecting the tax effects of change
in timing differences between accounting income and taxable income). The deferred tax charge or
credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that
have been enacted or substantively enacted at the balance sheet date.
Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can
be realized in future; however, where there is unabsorbed depreciation or carried forward business
loss under taxation laws, deferred tax assets are recognized only if there is virtual certainty of
realization of such assets. Deferred tax assets are reviewed as at each balance sheet date and written
down or written-up to reflect the amount that is reasonably/ virtually certain (as the case may be) to
be realized.
Assets and liabilities representing current and deferred tax are disclosed on a net basis when there is
a legally enforceable right to set off and management intends to settle the asset and liability on a net
basis.
(m) Earnings per share
The basic earnings per share is computed by dividing the net profit after tax for the period by the
weighted average number of equity shares outstanding during the period. Diluted earnings per share,
if any is computed using the weighted average number of equity shares and dilutive potential equity
share outstanding during the period except when the results would be anti-dilutive. Diluted potential
equity shares are deemed converted as of the beginning of the period, unless issued at a later date.
(n) Cash and cash equivalents
Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in
145
hand and short-term investments with an original maturity of three months or less from the balance
sheet date, but excludes restricted cash balances.
(o) Cash flow statement
Cash flows are reported using the indirect method, whereby net profits before tax is adjusted for the
effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash
receipts or payments. The cash flows from regular revenue generating, investing and financing
activities of the company are segregated.
Disclosure of general information about company [Text Block]

Medi Assist Insurance TPA Private Limited (formerly known as Medi Assist India TPA Private Limited) ("the Company") holds a license from
the Insurance Regulatory and Development Authority (IRDA) to function as a Third Party Administrator (TPA). The Company has signed up
contracts with several general insurance companies. The Company's income is primarily derived in the form of TPA fees raised on the insurance
companies expressed as a percentage on the Insurance Premium / fixed price per head paid by the insured to the insurance company. The
Company also derives income from pre-policy check up and card processing carried out for insurance companies.
Disclosure of accounting policies explanatory [Text Block]

The accounting policies set out below have been applied consistently to the periods presented in these financial statements.
Basis of preparation of financial statements
The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting
and comply with Accounting Standards prescribed under Section 133 of the Companies Act 2013 ("the Act") read with Rule 7 of
Companies (Accounts) Rules, 2014, other pronouncements of the Institute of Chartered Accountants of India ('ICAI') and the
provisions of the Act to the extent notified and applicable. The financial statements are presented in Indian Rupees.
Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires management
to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets,
liabilities, income and expenses and the disclosure of contingent liabilities on the date of the financial statements. Actual results
could differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Any revision to
accounting estimates is recognised prospectively in current and future periods.
Revenue recognition
The Company derives revenue from rendering TPA services which is measured either as a percentage of insurance premium or
amount per life covered under the policy depending on the terms of the contract entered into with customers. Such amounts are
recognised as revenue on a pro-rata basis during the period of the underlying insurance policy based on the information made
Unbilled revenue included in other current assets represents the income recognised based on the enrolment of policies pending
receipt of confirmations through premium registers from the insurance company as at the year-end in respect of which invoices have
not been raised. Portion of income received for period subsequent to the year end is considered as unearned income which is
Revenue from rendering pre-policy check up (PPC) services is recognised as and when services are rendered in accordance with the
terms of the agreement entered into with respective insurance companies, net of reimbursement of expenses.
Revenue from card processing is recognised as and when the card is issued to the beneficiaries at the rate per card agreed with the
insurance company.
Interest on investments and deposits is recognised on time proportion basis. Dividend income is accounted for when it is declared.
[201700] Notes - Government grants

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
146
[201200] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] Defined Contribution Plan
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [LineItems]
Reconciliation of changes in present value of defined benefit
obligation [Abstract]
Changes in defined benefit obligation, at present value
[Abstract]
Increase (decrease) through current service cost, defined
52,72,532 40,55,794
benefit obligation, at present value
Increase (decrease) through interest cost, defined benefit
15,06,542 12,97,147
obligation, at present value
Increase (decrease) through actuarial losses (gains),
-41,66,750 79,750
defined benefit obligation, at present value
Decrease through benefits paid, defined benefit obligation,
19,53,128 27,84,780
at present value
Total changes in defined benefit obligation, at present value 89,92,696 24,88,411
Defined benefit obligation, at present value at end of period 3,08,64,441 2,18,71,745 1,93,83,334
Reconciliation of changes in fair value of plan assets [Abstract]
Changes in plan assets, at fair value [Abstract]
Increase (decrease) through actuarial gains (losses),
-2,62,886 -1,26,380
plan assets, at fair value
Increase (decrease) through expected return, plan
2,89,102 5,05,655
assets, at fair value
Decrease through benefits paid, plan assets, at fair value 19,53,128 27,84,780
Increase (decrease) through contributions by employer,
3,14,057 0
plan assets, at fair value
Total changes in plan assets, at fair value -16,12,855 -24,05,505
Plan assets, at fair value at end of period 36,89,442 53,02,297 77,07,802
Recognised assets and liabilities of defined benefit plans
[Abstract]
Recognised liabilities, defined benefit plan 3,08,64,441 2,18,71,745
Recognised assets, defined benefit plan 36,89,442 53,02,297
Net liability (asset) of defined benefit plans 2,71,74,999 1,65,69,448
Reconciliation of liability asset of defined benefit plans
[Abstract]
Defined benefit obligation, at present value 3,08,64,441 2,18,71,745 1,93,83,334
Plan assets, at fair value 36,89,442 53,02,297 77,07,802
Net liability (asset) of defined benefit plans 2,71,74,999 1,65,69,448
Recognised expense of defined benefit plans [Abstract]
Current service cost, defined benefit plan 52,72,532 40,55,794
Interest cost, defined benefit plan 15,06,542 12,97,147
Expected return on plan assets, defined benefit plan 2,89,102 5,05,655
Actuarial gains (losses) recognised in profit or loss,
-44,29,636 -46,630
defined benefit plan
Total post-employment benefit expense, defined benefit
1,09,19,608 48,93,916
plans
Actuarial assumption [Abstract]
Actuarial assumption of discount rates 6.45% 7.21%
Actuarial assumption of expected rates of return on plan
6.45% 8.00%
assets
Experience adjustments on plan assets and plan liabilities
[Abstract]
Defined benefit obligation, at present value 3,08,64,441 2,18,71,745 1,93,83,334
Plan assets, at fair value 36,89,442 53,02,297 77,07,802
Net surplus (deficit) in plan -2,71,74,999 -1,65,69,448
147
Experience adjustments on plan liabilities 41,66,750 -79,750

Experience adjustments on plan assets -2,62,886 -1,26,380

01/04/2016
to
31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below]
Disclosure of employee benefits explanatory [Text Block]

Employee benefits
Short-term employee benefits
Employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee benefits
expected to be paid in exchange for employee services is recognized as an expense for the related service rendered by employees.
Post-employment benefits
Defined contribution plan
A defined contribution plan is a post-employment benefit plan under which an entity pays specified contributions to a separate entity
and has no obligation to pay any further amounts. The Company makes specified monthly contributions towards employee provident
fund and employees state insurance to a Government administered scheme which is a defined contribution plan. The Company's
contribution is recognized as an expense in the statement of profit and loss during the period in which the employee renders the
related service.
Defined benefit plan
The Company's gratuity benefit scheme is a defined benefit plan. The company’s net obligation in respect of a defined benefit plan is
calculated by estimating the amount of future benefit that employees have earned in return for their services in the current and prior
periods; that benefit is discounted to determine its present value. The calculation of the Company’s obligation under the plan is
performed annually by a qualified actuary using the projected unit credit method.
The Company recognises all actuarial gains and losses arising from defined benefit plans immediately in the statement of profit and
loss. All expenses related to defined benefit plans are recognised in employee benefits expense in the statement of profit and loss.
Compensated absences
Compensated absences liability is a defined benefit scheme and is accrued based on an actuarial valuation at the balance sheet date,
carried out by an independent actuary using the projected unit credit method.
To the extent the company does not have an unconditional right to defer the utilization or encashment of the accumulated
compensated absences, the liability determined based on actuarial valuation is considered to be a current liability.
Actuarial gains and losses are recognized immediately in the statement of profit and loss.
148
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
MEDI ASSIST MEDI ASSIST
HEALTHCARE HEALTHCARE Vikram Jit Singh Vikram Jit Singh
Name of related party SERVICES PRIVATE SERVICES PRIVATE Chhatwal Chhatwal
LIMITED LIMITED
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party AAHPC1537H AAHPC1537H
CIN of related party U74900KA2000PTC027229 U74900KA2000PTC027229
Key Management Key Management
Description of nature of related party relationship Holding company Holding company
Personnel Personnel
Reimbursement of Expenses Reimbursement of Expenses
Description of nature of transactions with related -For facilitating Pre- Policy -For facilitating Pre- Policy
Remuneration Remuneration
party health check-ups and related health check-ups and related
services services
Related party transactions [Abstract]
Services received related party transactions (A) 37,58,90,839 (B) 32,36,97,691
Reimbursement of expenses incurred on
behalf of company during year related 0 6,64,083
party transactions
Reimbursement of expenses incurred by
related party during year related party (C) 12,52,01,450 15,59,33,630
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 72,00,000 81,50,000
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 20,98,51,353 13,15,16,474
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
Footnotes
(A) Service Fee Paid for support services to holding company -14,27,60,239 Software subscription charges paid to holding company -
233130600
(B) Service fee paid for support services to holding company - 41805740 Software subscription charges paid to holding company -
281891951
(C) Reimbursement of charges pertaining to health screenings to the holding company - 84032500. Reimbursement of payroll expenses
to holding company - 4048475 Reimbursement of facilities and other expenses to holding company- 37120475
149
Disclosure of relationship and transactions between related parties [Table] ..(2)

Categories of related parties [Axis] 3
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Srimathi
Name of related party Ranganathan
Srimathi Ranganathan
Country of incorporation or residence of related party INDIA INDIA

Permanent account number of related party ACIPR5585K ACIPR5585K
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
Description of nature of transactions with related party Remuneration Remuneration
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 35,31,665 38,32,359
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
[201400] Notes - Leases

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock] [See below]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
Disclosure of leases explanatory [Text Block]

Operating lease
Assets acquired under leases other than finance leases are classified as operating leases. The total lease rentals (including scheduled
rental increases) in respect of an asset taken on operating lease are charged to the statement of profit and loss on a straight line basis
over the lease term unless another systematic basis is more representative of the time pattern of the benefit. Initial direct costs
incurred specifically for an operating lease are deferred and charged to the statement of profit and loss over the lease term.
150
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 12,32,93,108 14,63,80,195
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 12,32,93,108 14,63,80,195
[202800] Notes - Subsidiary information

01/04/2016
to
31/03/2017
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[201900] Notes - Income taxes

31/03/2017 31/03/2016
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, employee benefits (A) 1,34,07,905 (B) 1,37,83,718
Deferred tax asset, depreciation (C) 27,07,321 (D) 53,31,464
Deferred tax asset, provision doubtful debts (E) 1,33,75,975 (F) 1,39,27,176
Deferred tax asset, other (G) 1,03,61,289 (H) 66,50,627
Total deferred tax assets 3,98,52,490 3,96,92,985
Footnotes
(A) Provision for employee benefits
(B) Provision for employee benefits
(C) Excess depreciation provided as per books over income tax law
(D) Excess depreciation provided as per books over income tax law
(E) Provision for doubtful debts and advances
(F) Provision for doubtful debts and advances
(G) Timing Difference on accrued expenses : 10361289
(H) Timing Difference on accrued expenses : 6650627
151
[202400] Notes - Investments in associates

01/04/2016
to
31/03/2017
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2016
to
31/03/2017
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[201500] Notes - Impairment

01/04/2016
to
31/03/2017
Disclosure of impairment of assets explanatory [TextBlock] [See below]
Disclosure of impairment of assets explanatory [Text Block]

Impairment of assets
The Company periodically assesses whether there is any indication that an asset or a group of assets including goodwill comprising a
cash generating unit may be impaired. If any such indication exists, the Company estimates the recoverable amount of the asset. If
such recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its
carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is
recognized in the statement of profit and loss.
At the balance sheet date, if there is an indication that a previously assessed impairment loss no longer exists, the recoverable amount
is reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciable historical cost.
In respect of goodwill, the impairment loss is reversed only when it was caused by specific external events of an exceptional nature
that are not expected to recur and their effects have been reversed by subsequent external events.
152
[202700] Notes - Cash flow statements

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 10,97,43,783 33,43,66,545 62,03,67,623
Total cash and cash equivalents 10,97,43,783 33,43,66,545
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 2,41,61,983 20,83,47,477
Total income taxes paid (refund) 2,41,61,983 20,83,47,477
153
[100200] Statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 188,34,11,991 188,63,88,543
Other operating revenues 1,21,44,556 82,86,957
Total revenue from operations other than finance company 189,55,56,547 189,46,75,500
Total revenue from operations 189,55,56,547 189,46,75,500
Other income 6,36,54,729 5,73,94,794
Total revenue 195,92,11,276 195,20,70,294
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 65,52,96,270 59,97,36,222
Finance costs 62,84,771 29,50,768
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 2,60,39,277 3,97,80,729
Total depreciation, depletion and amortisation expense 2,60,39,277 3,97,80,729
CSR expenditure 64,14,368 59,74,992
Other expenses (A) 108,48,18,309 (B) 104,94,97,687

Total expenses 177,88,52,995 169,79,40,398
Total profit before prior period items, exceptional items, extraordinary
18,03,58,281 25,41,29,896
items and tax
Prior period items before tax 0 0
Exceptional items before tax 0 0
Total profit before extraordinary items and tax 18,03,58,281 25,41,29,896
Extraordinary items before tax 0 0
Total profit before tax 18,03,58,281 25,41,29,896
Tax expense [Abstract]
Current tax (C) 5,72,24,678 (D) 11,50,00,000
Deferred tax -1,59,505 -72,50,299
Total tax expense 5,70,65,173 10,77,49,701
Total profit (loss) for period from continuing operations 12,32,93,108 14,63,80,195
Total profit (loss) for period before minority interest 12,32,93,108 14,63,80,195
Total profit (loss) for period 12,32,93,108 14,63,80,195
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 30.73 [INR/shares] 36.48
Diluted earnings per equity share [INR/shares] 30.31 [INR/shares] 35.99
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
Footnotes
(A) Other expenses- Actual Other expenses as per Financials- 1091232677, as the financials doesnt include CSR expenses and
mentioning CSR expenditure is mandatory, for the purpose of filing the expenses been reduced to 1084818309:
(B) Other expenses- Actual Other expenses as per Financials- 1055472679, as the financials doesnt include CSR expenses and
mentioning CSR expenditure is mandatory, for the purpose of filing the expenses been reduced to 109497687 : 1049497687
(C) Current year : 69000000 Previous year : -11775322
(D) Current year : 115000000 Previous year : 0
154
[300500] Notes - Subclassification and notes on income and expenses

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Total revenue from sale of products 0 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross (A) 188,34,11,991 (B) 188,63,88,543
Total revenue from sale of services 188,34,11,991 188,63,88,543
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues (C) 1,21,44,556 (D) 82,86,957
Total other operating revenues 1,21,44,556 82,86,957
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 1,28,62,650 2,98,15,377
Interest on other current investments (E) 1,87,00,942

(F) 0
Total interest income on current investments 3,15,63,592 2,98,15,377

Total interest income 3,15,63,592 2,98,15,377
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current mutual funds 86,98,288 1,25,67,187
Total dividend income current investments 86,98,288 1,25,67,187
Total dividend income 86,98,288 1,25,67,187
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 1,62,51,761 66,65,690
Total net gain/loss on sale of investments 1,62,51,761 66,65,690
Other non-operating income [Abstract]
Miscellaneous other non-operating income (G) 71,41,088 (H) 83,46,540
Total other non-operating income 71,41,088 83,46,540
Total other income 6,36,54,729 5,73,94,794
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges 13,64,706 19,67,344
Total interest expense 13,64,706 19,67,344
Other borrowing costs (I) 49,20,065 (J) 9,83,424

Total finance costs 62,84,771 29,50,768
Employee benefit expense [Abstract]
Salaries and wages 58,61,71,079 54,05,86,123
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 4,56,33,707 3,85,13,595
Total contribution to provident and other funds 4,56,33,707 3,85,13,595
Staff welfare expense 2,34,91,484 2,06,36,504
Total employee benefit expense 65,52,96,270 59,97,36,222
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 2,43,66,305 2,28,38,354
Rent 7,71,99,418 7,55,91,138
155
Repairs to building 0 0
Repairs to machinery (K) 5,65,25,989 (L) 5,05,58,744

Insurance (M) 4,28,55,697 (N) 4,36,68,944
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes (O) 74,19,585 (P) 20,90,926
Total rates and taxes excluding taxes on income 74,19,585 20,90,926
Telephone postage (Q) 5,73,30,738 (R) 5,09,97,196

Printing stationery (S) 11,66,65,504 (T) 19,94,63,299
Travelling conveyance 5,18,93,677 4,49,89,793
Legal professional charges (U) 5,28,65,822 (V) 3,85,03,579

Safety security expenses 1,07,70,126 75,10,803
Directors sitting fees 50,000 2,00,000
Transportation distribution expenses (W) 2,19,80,636 (X) 2,29,74,708

Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Adjustments to carrying amounts of investments [Abstract]
Provision diminution value current investments created 0 0
Provision diminution value long-term investments created 0 0
Total adjustments to carrying amounts of investments 0 0
Net provisions charged [Abstract]
Other provisions created (Y) 0
(Z) 99,18,317
Total net provisions charged 0 99,18,317
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off (AA) 0 (AB) 0

Total write-off assets 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 40,96,136
tangible asset
Payments to auditor [Abstract]
Payment for audit services (AC) 15,00,000 (AD) 16,50,040
Payment for other services (AE) 75,000 (AF) 0
Total payments to auditor 15,75,000 16,50,040
Miscellaneous expenses (AG) 56,33,19,812 (AH) 47,44,45,710

Total other expenses (AI) 108,48,18,309 (AJ) 104,94,97,687
Current tax [Abstract]
Current tax pertaining to previous years -1,17,75,322 0
Current tax pertaining to current year 6,90,00,000 11,50,00,000
Total current tax (AK) 5,72,24,678 (AL) 11,50,00,000
156
Footnotes
(A) Third party administration (TPA)fees : 1951292927 card processing income : 9843583 Add:opening unearned income : 542062792
Less:closing unearned income : -619787311
(B) Third party administration (TPA)fees : 1943916100 card processing income : 37143010 Add:opening unearned income : 447392225
(C) Income from facilitating prepolicy checkup services : 12144556
(D) Income from facilitating prepolicy checkup services : 8286957
(E) Income tax refund : 18700942
(F) Income tax refund : 0
(G) creidtors no longer payable written back : 7141088
(H) creidtors no longer payable written back : 8346540
(I) Bank Guarantee Commission : 4920065
(J) Bank Guarantee Commission : 983424
(K) Plant and Machinery : 40024900 Others : 16501089
(L) Plant and Machinery : 34836022 Others : 15722722
(M) Insurance awareness initiative : 42855697
(N) Insurance awareness initiative : 43668944
(O) Rates and Taxes : 7419585
(P) Rates and Taxes : 2090926
(Q) Communication expenses : 57330738
(R) Communication expenses : 50997196
(S) Smart Card for Tamilnadu Project : 9731266 Smart card for RSBY Project : 50929794 Others : 56004444
(T) Smart Card for Tamilnadu Project : 38025422 Smart card for RSBY Project : 108122724 Others : 53315153
(U) Professional and Consultancy charges : 52865822
(V) Professional and Consultancy charges : 38503579
(W) Postage and Courier Charges
(X) Postage and Courier Charges
(Y) Provision for doubtful debts : 0 Provision for doubtful claims and advances : 0
(Z) Provision for doubtful debts : 3565651 Provision for doubtful claims and advances : 6352666
(AA) Advances Written off : 1592697 Provision for doubtful advances written back : -1592697
(AB) Advances Written off : 0 Provision for doubtful advances written back : 0
(AC) Statutory Audit Fee : 1400000 Tax Audit Fee : 100000
(AD) Statutory Audit Fee : 1550000 Tax Audit Fee : 100040
(AE) Certification Fee
(AF)
(AG) Software Subscription Charges : 240567946 Subcontracting Expenses : 180400360 House keeping charges : 5563129 Claims
disallowed : 5131165 Miscellaneous expenses : 4985760 Business Support Services : 126671452
(AH) Software Subscription Charges : 290294824 Subcontracting Expenses : 135805020 House keeping charges : 9500166 Claims
disallowed : 4614555 Miscellaneous expenses : 3974940 Business Support Services : 30256205
(AI) Other expenses- Actual Other expenses as per Financials- 1091232677, as the financials doesnt include CSR expenses and
mentioning CSR expenditure is mandatory, for the purpose of filing the expenses been reduced to 1084818309:
(AJ) Other expenses- Actual Other expenses as per Financials- 1055472679, as the financials doesnt include CSR expenses and
mentioning CSR expenditure is mandatory, for the purpose of filing the expenses been reduced to 109497687 : 1049497687
(AK) Current year : 69000000 Previous year : -11775322
(AL) Current year : 115000000 Previous year : 0
157
[300600] Notes - Additional information statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account explanatory [TextBlock]
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Exceptional items before tax 0 0
Total extraordinary items before tax 0 0
Total prior period items before tax 0 0
Revenue information technology services 188,34,11,991 188,63,88,543
Total gross income from services rendered (A) 188,34,11,991 (B) 188,63,88,543
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Total revenue from sale of products 0 0
Domestic revenue services 188,34,11,991 188,63,88,543
Export revenue services 0 0
Total revenue from sale of services 188,34,11,991 188,63,88,543
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Third party administration (TPA)fees : 1951292927 card processing income : 9843583 Add:opening unearned income : 542062792
(B) Third party administration (TPA)fees : 1943916100 card processing income : 37143010 Add:opening unearned income : 447392225
[300100] Notes - Revenue

01/04/2016
to
31/03/2017
Disclosure of revenue explanatory [TextBlock] [See below]
158
Disclosure of revenue explanatory [Text Block]
The Company derives revenue from rendering TPA services which is measured either as a percentage of insurance premium or
amount per life covered under the policy depending on the terms of the contract entered into with customers. Such amounts are
i.
recognised as revenue on a pro-rata basis during the period of the underlying insurance policy based on the information made
Unbilled revenue included in other current assets represents the income recognised based on the enrolment of policies pending
receipt of confirmations through premium registers from the insurance company as at the year-end in respect of which invoices
ii.
have not been raised. Portion of income received for period subsequent to the year end is considered as unearned income which is
Revenue from rendering pre-policy check up (PPC) services is recognised as and when services are rendered in accordance with the
iii.
terms of the agreement entered into with respective insurance companies, net of reimbursement of expenses.
Revenue from card processing is recognised as and when the card is issued to the beneficiaries at the rate per card agreed with the
iv.
insurance company.
v. Interest on investments and deposits is recognised on time proportion basis. Dividend income is accounted for when it is declared.
159
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
VIKRAM JIT PRASAD
SRIMATHI RAGHAW
Name of key managerial personnel or director SINGH
RANGANATHAN SHARAN PANDEY
VENKATASIVA
CHHATWAL TATINENI
Director identification number of key managerial
01606329 06943067 02306586 06943043
personnel or director
Permanent account number of key managerial
AAHPC1537H ACIPR5585K AAHPP1210C AAKPT6204B
Date of birth of key managerial personnel or
11/06/1969 24/09/1958 15/01/1950 22/02/1955
director
Other Non Executive
Designation of key managerial personnel or director Whole Time Director Whole Time Director Independent Director
Director
B.Com from Madras
University, MBA
Qualification of key managerial personnel or from IGNOU, New
M.B.B.S, Ph.D. B.Sc.(Hons.) M.A. (Psychology)
director Delhi; an Associate
Member of Insurance
Institute of India
Shares held by key managerial personnel or director (A) [shares] 5 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 72,00,000 35,31,665 50,000 15,60,400
Profits in lieu of salary key managerial
0 0
Gross salary to key managerial personnel or
72,00,000 35,31,665 50,000 15,60,400
director
Sitting fees key managerial personnel or
0
director
Other commission key managerial personnel or
0
director
Total key managerial personnel or director
72,00,000 35,31,665 50,000 15,60,400
remuneration
Footnotes
(A) * Jointly Held with Medi Assist Healthcare Services Private Limited
160
[301000] Notes - Corporate social responsibility
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1 2 3 4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial
year [Abstract]
Manner in which amount CSR spent during
financial year [LineItems]
Livelihood/Vocational Livelihood/Vocational Livelihood/Vocational Livelihood/Vocational
CSR project or activity identified Skill Development Skill Development Skill Development Skill Development
Sector in which project is covered Health care Health care Health care Health care
Whether projects or programs undertaken Across the offices Across the offices Across the offices Across the offices
in local area or other around India around India around India around India
Name of state or union territory where
Tamil Nadu Kerala Karnataka Maharashtra
projects or programs was undertaken
Name of district where projects or programs
Chennai Cochin Bangalore Mumbai
was undertaken
Budget amount outlay project or program wise 16,03,592 16,03,592 16,03,592 16,03,592
Amount spent on projects or programs
[Abstract]
Direct expenditure on projects or programs 16,03,592 16,03,592 16,03,592 16,03,592
Total amount spent on projects or programs 16,03,592 16,03,592 16,03,592 16,03,592
Mode of amount spent Directly by company Directly by company Directly by company Directly by company
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2015-2016 2014-2015 2013-2014
Profit before tax of financial year 25,41,29,896 36,24,41,291 28,30,33,448
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
25,41,29,896 36,24,41,291 28,32,90,942
of Companies (CSR Policy) Rules, 2014
161

01/04/2016
to
31/03/2017
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Disclosure overview of projects or programs proposed to be Textual information (48)
undertaken CSR policy [See below]
Disclosure web link of company at which CSR policy is placed https://www.mediassistindia.com/CSR%20Policy-Medi%20Assist%20.pdf

Average net profit for last three financial years 29,99,54,043
Prescribed CSR expenditure 59,99,080.86
Amount CSR to be spent for financial year 59,99,081
Amount CSR spent for financial year 64,14,368
Amount unspent CSR 0
Disclosure of composition of CSR committee [Text Block]

162
Details CSR policy [Text Block]

163
Sub-heads:
5
Rs. 64,14,368/-
(2) Overheads:
164
Total Rs. 64,14,368/-
applicable
below:
DIN: 01606329 DIN: 06643677
Place: Bengaluru
165
Disclosure overview of projects or programs proposed to be undertaken CSR policy

web-link to the CSR policy and projects or programs: Your Company may from time to time undertake any project, program and activity on one
or more of the following areas: · Supporting treatment of underprivileged and promoting awareness of healthcare including preventive health care
through various activities including organizing campaigns, awareness sessions, events, marathons, etc. with reference to various chronic disease
such as cancer, diabetes, hypertension, cardiac, etc. · Promoting education, including special education and employment enhancing vocational
skills through various activities including organizing development projects/programs and livelihood enhancement projects. · Any other projects,
programs and activities falling within the permissible activities prescribed under Companies Act, 2013, rules made thereunder, any
circular/notification/guidelines/clarification issued thereunder including any amendment or modifications.
166

P&L Statement Example of Private Firm

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MEDI ASSIST INSURANCE TPA PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Details of shareholding of promoters [Table] ..(1)

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Director identification number of director 01606329 06643677

Disclosures relating to employee stock option scheme [Table] ..(1)

Details of managerial personnels remuneration [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

2016-2017 2015-2016 Earnings Nil Nil Outgo Rs.

The Company has not

The Company has not

Details of significant and material orders passed by

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Medi Assist Insurance TPA Private Limited

Tower D, 4th Floor, IBC Knowledge Park, 4/1,

Corporate Identity Number U85199KA1999PTC025676

Telephone Number 080 - 4969 8000

Fax Number 018004259559

SUMMARY OF FINANCIAL RESULTS

EXTRACT OF ANNUAL RETURN

Sl. No. Date of Board Meeting

23rd May, 2016

12th September, 2016

3 3rd October, 2016

4 23rd December, 2016

5 12th January, 2017

DIRECTORS RESPONSIBILITY STATEMENT

DETAILS OF DIRECTORS WHO WERE APPOINTED OR RESIGNED DURING THE YEAR

EXPLANATION REGARDING QUALIFICATION, RESERVATION, ADVERSE REMARK OR DISCLAIMER IN AUDITORS REPORT

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

Secured Loans: Nil

Unsecured Loans: Nil

Current Investments: Rs. 350,989,598/-

Non-Current Investments- Rs. 476,764,258/-

Securities Extended: Nil

RELATED PARTY TRANSACTIONS:

Justification for entering into Related Party Transactions are as follows:

AMOUNTS TO BE CARRIED FORWARD TO RESERVES-

The Company has not made any transfer to reserves.

No such changes have occurred.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO

(A) Conservation of energy-

(i) the steps taken or impact on conservation of energy-

(iii) capital investment on energy conservation equipment-Nil

(B) Technology absorption- NIL

(i) the efforts made towards technology absorption;

(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(iv) the expenditure incurred on research and development.

(C) Foreign exchange earnings and outgo-

Earnings Nil Nil

Outgo Rs. 2,06,123/- Rs. 2,68,493/-

RISK MANAGEMENT POLICY

CORPORATE SOCIAL RESPONSIBILITY

INTERNAL FINANCIAL CONTROLS OVER FINANCIAL STATEMENTS

EMPLOYEE STOCK OPTION SCHEME