IHX Private Limited

What IHX Private Limited does

IHX Private Limited is a Bangalore-based healthcare data exchange platform founded in 2020, self-described as "India's largest healthcare data exchange." The company operates a data infrastructure that intermediates healthcare information between providers (hospitals, diagnostics, insurers) and downstream consumers, enabling data-driven decisioning across the healthcare value chain. With a headcount of 101–250 employees, IHX has reached mid-stage operating scale, and was acquired by Perfios — an Indian fintech software company backed by venture capital and serving over 1,000 institutions across 20 countries — as part of Perfios's portfolio expansion alongside acquisitions of Clari5 and CreditNirvana.

The company's core product is its healthcare data exchange platform, which sits at the intersection of health data and financial decisioning. Within the Perfios portfolio, IHX is positioned as the healthcare-data vertical asset, complementing Perfios's financial decisioning capabilities and enabling cross-sell into insurance underwriting, health-finance lending, and adjacent regulated use cases. Pricing models, specific product modules, and revenue mechanics are not publicly disclosed.

IHX is led by co-founders Ambuj Kashyap (Chief Business Officer) and Mahesh Nagaraj (CEO and Director). Following the Perfios acquisition announced in March 2026, IHX operates as a subsidiary within a larger fintech platform rather than as a standalone independent company, which materially changes its strategic and capital-raising profile.

Name

IHX Private Limited

Legal name

IHX Private Limited

Website

https://ihx.in

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

101–250 employees

Short description

IHX Private Limited is a Bangalore-based healthcare data exchange platform, self-described as India's largest, connecting hospitals, insurers, and payers via shared health data infrastructure. Founded in 2020, it was acquired by fintech company Perfios in March 2026.

Ownership category

akta.pro rank

Product category

Healthcare Data Exchange

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Facilities Management Services (541513)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Data Access, Sharing & Marketplace Platforms (incl. TEFCA/QHIN enablement) (HLACAIAL)

akta.pro secondary industries

Healthcare Data Integration, ETL/ELT & Pipeline Orchestration (HLACAIAC), Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK)

Keywords

• Healthcare data exchange
• Health data interoperability
• Medical records exchange
• Healthcare data platform
• Digital health infrastructure

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Core offering

IHX Private Limited operates India's largest healthcare data exchange, providing a platform that enables the digital exchange and interoperability of health and medical data across healthcare stakeholders such as providers, payers, and other ecosystem participants. The platform functions as data infrastructure supporting the movement of healthcare information within the Indian healthcare ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Data Exchange Platform

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PerfioscoreStrategic or Co-development PartnerIHX Private Limited was acquired by Perfios, an Indian fintech software company. Perfios has made multiple acquisitions including Clari5, CreditNirvana, and IHX as part of its portfolio expansion. The acquisition positions IHX as part of Perfios's portfolio of financial decisioning solutions.

Recent moves2 records

Expansion highlights3 records

Direct peers

• Redox: Healthcare API integration platform used by digital health vendors, hospitals, and EHRs to exchange clinical and administrative data — overlaps directly with IHX's healthcare data exchange capability.
• Health Gorilla: US-based healthcare data exchange and interoperability platform connecting providers, payers, and HIEs — directly comparable to IHX's positioning as India's largest healthcare data exchange, with similar APIs and clinical data sharing model.
• HumanAPI: Consumer-mediated health data exchange network that lets users share medical records with applications — a relevant peer in the patient-mediated exchange and data sharing category adjacent to IHX.
• Datavant: Healthcare data exchange company focused on connecting and de-identifying patient data across providers, payers, and life sciences — a comparable data connectivity and privacy-preserving exchange platform.
• Particle Health: API-first healthcare data exchange network giving payers and providers access to clinical records — operates the same exchange-layer business model as IHX with payer-provider focus.
• 1upHealth: Health data interoperability platform that aggregates, normalizes, and shares patient data via FHIR APIs — comparable to IHX as a multi-party healthcare data exchange infrastructure play.

Emerging players

• Rhapsody (formerly Corepoint Health): Healthcare data integration and interoperability engine connecting disparate clinical systems — overlaps with IHX on integration/middleware within the broader healthcare exchange stack.

Regional players

• Practo: India's leading digital healthcare platform spanning appointments, telemedicine, and records — a regional incumbent in Indian health-tech whose data and provider relationships overlap with IHX's domestic market.

Broad incumbents

• InterSystems HealthShare: Established healthcare information exchange and unified care record platform from a long-standing health-IT incumbent — competes at a broader portfolio level and provides a benchmark for scaled HIE players.

Others

• Clari5: Real-time financial crime and decisioning platform that is also part of Perfios' acquisition portfolio — a sibling asset under common ownership, providing context on Perfios' platform-building strategy around IHX.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IHX Private Limited