EXHIBIT 21.1
Subsidiary List of MTBC, Inc.
| 1. | MTBC Acquisition, Corp. (Delaware, US) | |
| 2. | MTBC Health, Inc. (Delaware, US) | |
| 3. | MTBC Practice Management, Corp. (Delaware, US) | |
| 4. | MTBC-Med, Inc. (Delaware, US) | |
| 5. | CareCloud Corporation (Delaware, US) | |
| 6. | Medical Transcription Billing, Corp. (Private) Limited (Pakistan) | |
| 7. | RCM – MediGain India, Pvt. Ltd. (India) | |
| 8. | RCM – MediGain Colombo, Pvt. Ltd. (Sri Lanka) |