New Delhi. Professional mechanical engineer. If you don’t mind working, you’ve done an MBA in Marketing. Hutchison Telecom (now Vodafone Idea) was in charge of sales and marketing. Nevertheless, it left the informal business world. The reason is to provide health services for their elderly parents living in India.
The person talked about above is Girish Rao, a mechanical engineer. He started Vidal Health in Bangalore in 2002. Vidal Health provides Third Party Administration (TPA) services in the healthcare sector.
Shankar Bali, a telecom and fintech professional, joined him as co-director. According to the news published in Your Story, Vidal Health today manages a premium portfolio of 3000 crore rupees.
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Jeff Bezos became the champion on the internet, he was inspired by himGirish started a business to help non-resident Indians (NRAs) with health services for their elderly parents living in India. He says, “NRAs living in the US had trouble caring for their parents living in their home (India). They couldn’t travel between the two countries often.
At the time, Jeff Bezos was on the Internet as a champion. Inspired through him I launched a service portal for NRIs and their parents. “Girish has tried several models to create an NRI database. These include working with banks to acquire a company that used to post physical emails from NRAs to their elderly parents without internet access.
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The amount of money put into business all drowned
Girish’s business did not recover and between 2000-2002 Girish lost the money he had invested. Despite this, he felt that the network of hospitals he had built in major Indian cities could come in handy when the government opened up private sector health insurance. He says, “In 2001 there was a white paper outlining how private organizations could exist in this space.
Looking at the document, I felt that I had already decided to build such an organization.” A network has been established for this. In 2002, I signed up and got the permit. ”
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Liberalization and the increasing popularity of the Internet led to more business
The liberalization of the insurance industry in India in the late 1990s and the increasing popularity of the Internet boosted Girish Rao’s entrepreneurial journey.
Girish, who strived to challenge the status quo and solve complex problems, told Yoor Story, “At the time, the Indian insurance industry was open to private organizations. abroad were good Vidal Health began with the mission of providing high quality TPA services.
Vidal works in more than 800 locations.
Currently, Vidal – one of the top healthcare companies in India – operates in more than 800 locations in India and partners with more than 10,000 service providers, including hospitals, diagnostic laboratories and doctors. Girish claims that Vidal clears more than 10 lakh claims (claims) and eight lakh pre-authorization requests every year. It even handles a premium portfolio of Rs 3,000 crore in health insurance. For Girish, however, the failure of his first venture sowed the seeds for the founding of Vidal Health.