STANPLUS TECHNOLOGIES PRIVATE LIMITED

Business Overview

• StanPlus Technologies Pvt Ltd operates as RED.Health, rebranded from "StanPlus" in Jan 2023, a Hyderabad-based, JCI-certified emergency medical response platform founded in 2016 by Prabhdeep Singh and co-founders.
• It runs a tech-enabled network of 5,000+ ambulances, road/train/air transport, auto-dispatch and AI-powered hospital-selection tools, hospital EMS partnership operations, corporate safety/event-medical solutions, a medical training arm, RedVersity, via subsidiary TACT, and a consumer doorstep-care product (Dr.
• Flash).
• Company claims 550+ operational cities and 250+ hospital partners, per official site red.health. ~1,200-1,370 employees per EPFO-based estimates, Tofler: 1,263 as of Jun 2025; TheCompanyCheck: 1,371 as of Apr 2024.

Sector & Classification

Business Services — Ambulance Services / Other Hospital and Medical Care Activities (NIC Q6, ~86901); DPIIT-recognised startup

Directors & Key Management

Confirmed current directors (agreed by Tofler + TheCompanyCheck): (1) Prabhdeep Singh — Co-founder & CEO, Nominee Director since 25 Oct 2016, DIN 07635502 (Tofler only — single-source, treat as partial); (2) Sai Tej Reddy Anumas — Nominee Director since 1 Jul 2024, DIN 10687718 per Tofler (single-source, partial). Note: assorted low-quality aggregator snippets also surfaced "Barada Regmi," "Antoine Henri Michel Poirson," and "Jose Ricardo Leon Lee" as directors in stale/conflated search results — these could not be corroborated on the two primary registry mirrors used and are NOT included as confirmed.

GST Registrations

Primary/home-state GSTIN: 36AAXCS7397G1ZC (Telangana), registered 01/07/2017, status Active/Regular (knowyourgst.com). PAN AAXCS7397G is consistent across all registrations. Total of 5 GSTINs identified across 3 states: Telangana (36AAXCS7397G1ZC, 36AAXCS7397G2ZB, 36AAXCS7397G3ZA), Karnataka (29AAXCS7397G1Z7), Haryana (06AAXCS7397G1ZF) — cross-checked via knowyourgst.com and piceapp.com (confirmed, 2 sources agree on primary; additional GSTINs single-sourced via piceapp, partial).

Financials

• Standalone (Indian entity) figures, multiple years, sourced from Entrackr news reports and Tofler/TheCompanyCheck: FY22 revenue ₹46.13 Cr
• FY23 revenue ₹67 Cr (+45% YoY), FY23 loss ₹31.74 Cr (>20x jump YoY) [Entrackr].
• FY24 revenue reported ~₹100 Cr with a stated target to roughly double in FY25 [Entrackr].
• FY25, per Tofler/TheCompanyCheck, partly paywalled: Operating revenue ₹100-150 Cr band, TheCompanyCheck cites a precise ₹124.64 Cr (+14% YoY) — this ~14% growth conflicts with the "double revenue" target reported by Entrackr, flagged as a source conflict.
• FY25 EBITDA/PAT figures are paywalled/not obtained
• Tofler shows FY25 net-worth change of -43.39% and borrowings growth of +69.71%, debt-to-equity ~0.75 — a "net profit margin: 21.58%" figure also appeared in one Tofler extraction which contradicts the historical loss-making trend and could not be corroborated
• Treat that specific figure as unreliable/likely mislabeled. Auditor: Price Waterhouse Chartered Accountants LLP, TheCompanyCheck. Overall: partial/conflicting — do not treat FY25 PAT as confirmed profit.

Funding History

• Total funding ~$43M, Seed through Series B, since 2016, per Inc42's company tracker. Series A: $20M, announced Jan 2022, led by HealthQuad, Kalaari Capital and HealthX (Entrackr/Inc42)
• A related disclosure, Vedacorp, deal advisor, cites the raise as INR ~1,200 million.
• Series B: $20M, announced May 2024, a mix of equity and debt, led by Jungle Ventures with Alteria Capital (debt) and existing backers HealthQuad and HealthX participating, Entrackr/YourStory/Entrepreneur.
• Confirmed via 3 independent news sources.

Shareholding

• Detailed cap table / shareholding percentages not obtained from public sources.
• TheCompanyCheck notes a parent entity "Stanplus Tech Pte Ltd", implying a Singapore holding-company structure typical of VC-funded Indian startups, consistent with investors like Jungle Ventures, HealthQuad, Kalaari Capital, HealthX, Alteria Capital, and, per one lower-confidence source, Kstart and Pegasus among ~19 institutional investors.
• Not independently verified — partial.

Loans & Charges

• Open/active charges reported, but figures conflict between sources: 49 Cr
• among others. The two sources do not reconcile on amounts, both agree HDFC Bank and Axis Bank are lenders. Reported as partial/conflicting pending an MCA charge-index cross-check

Related Parties

• Subsidiary: TACT Academy for Clinical Training Private Limited, Tamil Nadu; incorporated 2007; paid-up capital ₹8.0 L, — acquired by RED.Health to build out its RedVersity medical-training vertical, Inc42: "RED.Health Acquires TACT To Bolster Healthcare Training Stack"; also listed as a subsidiary by Tofler.
• Parent/holding entity: Stanplus Tech Pte Ltd, per TheCompanyCheck, unverified second source.
• No other group entities identified.

Credit Ratings

• None found. No CRISIL/ICRA/CARE public rating located for Stanplus Technologies Pvt Ltd despite active bank borrowings
• Consistent with a privately VC-funded startup that has not sought public bond/facility ratings.

Legal & Compliance

• None found. No Indian Kanoon or other court-record matches surfaced for this entity in searches performed
• Company's own Terms & Conditions page, red.health/terms-conditions, found but not a litigation record.

Competitive Landscape

• Ziqitza Health Care, larger, pan-India ambulance operator since 2005, government-partnership heavy — bigger scale
• Dial4242
• VMEDO
• Global Medical Response, India operations
• Alacura — all named as peers/competitors in Owler and Tracxn competitor listings. RED.Health/StanPlus, ~₹100-125 Cr revenue, ~1,200+ employees, 5,000+ ambulance network, sits as a mid-scale, tech-forward challenger relative to the more established Ziqitza.

Frequently Asked Questions

Sources

Tofler (tofler.in/stanplus-technologies-private-limited/company/U74999TG2016PTC112620); TheCompanyCheck (thecompanycheck.com/company/stanplus-technologies-private-limited/U74999TG2016PTC112620); knowyourgst.com (GSTIN 36AAXCS7397G1ZC page); piceapp.com (GSTIN cross-check pages); Entrackr (2022 Series A article, 2024 Series B article); Inc42 (company funding tracker, TACT acquisition article, StanPlus Series A article); YourStory / Entrepreneur.com (Series B coverage); Vedacorp (Series A advisory disclosure); official site red.health (domain, logo, business description).