From Rs 3K to Rs 15 Lakh/Month: Pune Brothers Revolutionize Health-Tech with Medworld Solutions
Imagine rushing a loved one to the hospital, only to be stuck for hours—or even days—waiting for insurance approval before treatment can begin. This frustrating reality is all too common in India, where hospitals struggle with complex paperwork, multiple insurer portals, and frequent claim rejections.
For Vikram and Ajit Chunarkar, two brothers from Pune, this problem hit close to home. While working in hospital insurance departments, they witnessed firsthand the delays, errors, and stress caused by manual claim processing. One incident, in particular, stayed with them—an elderly heart patient was forced to stay three extra days due to a missing document.
“That night, I told my brother, There has to be a better way,” Vikram recalls in an interview with Startup Pedia.
That moment sparked the birth of Medworld Solutions, a bootstrapped health-tech startup that now generates Rs 15 lakh per month in revenue by streamlining cashless insurance approvals for over 1,000 hospitals across India.
From Struggle to Success: A Humble Beginning
The Chunarkar brothers didn’t start with privilege. Growing up in Chandrapur, Maharashtra, their family faced severe financial hardships. Their father, once a Mumbai-based worker, returned home jobless and took up labor work to make ends meet.
Vikram dropped out of engineering college to support his family, earning just Rs 3,000/month as a computer trainer, while Ajit worked as a machine operator for Rs 6,000/month.
But they refused to settle. In 2014, Vikram quit his job and began handling insurance paperwork for hospitals independently. Soon, his siblings—Ajit, Madhuri, and Hema—joined him. They took on multiple hospitals, managing operations on a bicycle before scaling up.
By 2018, they were earning Rs 4-5 lakh/month manually. Realizing the inefficiency, they built Medworld Solutions, a SaaS platform that automates insurance approvals, reducing hospital workload by 60% and claim rejections by 40%.
How Medworld Solutions is Changing Healthcare
The startup’s AI-powered platform:
✔ Standardizes insurance paperwork across multiple providers
✔ Auto-fills patient data to minimize errors
✔ Tracks approvals in real-time, speeding up discharges
✔ Cuts hospital costs by 20-25% by reducing manual labor
“Patients often wait extra days just for insurance clearance. We’re fixing that,” says Ajit.
Bootstrapped & Scaling Fast
Unlike most startups, Medworld Solutions never took external funding. They reinvested Rs 35-40 lakh from early earnings to build their tech. Today, they process Rs 30-40 lakh in claims daily and aim to hit Rs 30 crore/year in revenue soon.
Their vision? To onboard 5,000+ hospitals and become India’s go-to cashless insurance solution.
“We didn’t just want to survive—we wanted to thrive,” says Vikram. “And this is just the beginning.”
