Acko General Insurance Profile
Key Indicators
- Authorised Capital ₹ 3,500.00 Cr
- Paid Up Capital ₹ 2,796.00 Cr
- Company Age 8 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.00 Cr
- Revenue Growth 128.78%
- Profit Growth -188.48%
- Ebitda -162.79%
- Net Worth 136.71%
- Total Assets 95.09%
About Acko General Insurance
Acko General Insurance Limited (AGIL) is a registered startup operating as a Public Limited Indian Non-Government Company incorporated in India on 03 November 2016 (Eight years and five months 23 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 3,500.00 Cr and a paid-up capital of Rs 2,796.00 Cr.
The company currently has active open charges totaling ₹6.00 Cr.
The Key Managerial Personnel (KMP) at Acko General Insurance Limited India are Rohin Vig as Cfo, Animesh Das as Ceo, and Karishma Desai as Company Secretary. Varun Dua, Srinivasan Vaidyanathaswamy, Kavassery Gopalakrishnan, and Three other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U66000KA2016PLC138288
- Company No.
287385
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Nov 2016
- Date of AGM
12 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
Acko General Insurance Limited
Explore comprehensive data for Acko General Insurance Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Acko General Insurance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Animesh Das  | Managing Director | 01-Apr-2024 | Current |
| Rohin Vig | CFO | 23-Nov-2021 | Current |
| Karishma Desai | Company Secretary | 01-Oct-2017 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Varun Dua | Director | 03-Nov-2016 | Current |
| Srinivasan Vaidyanathaswamy | Director | 22-Jan-2019 | Current |
| Sharayu Jadhav | Director | 16-Feb-2024 | Current |
| Kavassery Gopalakrishnan | Director | 27-May-2022 | Current |
| Kalpana Sampat | Additional Director | 17-Oct-2024 | Current |
Financial Performance of Acko General Insurance.
Acko General Insurance Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 128.78% increase. The company also saw a substantial fall in profitability, with a 188.48% decrease in profit. The company's net worth Soared by an impressive increase of 136.71%.
- Key Matrics
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- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Acko General Insurance?
In 2023, Acko General Insurance had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Suryoday FoundationSrinivasan Vaidyanathaswamy is a mutual person
Goqii Technologies Private LimitedSrinivasan Vaidyanathaswamy is a mutual person
Acko Technology & Services Private LimitedVarun Dua and Animesh Das are mutual person
- Acko Life Insurance Limited
Varun Dua, Srinivasan Vaidyanathaswamy and 2 more are mutual person
Cfo Bridge Services Private LimitedSrinivasan Vaidyanathaswamy is a mutual person
Cfo Bridge LlpSrinivasan Vaidyanathaswamy is a mutual person
Charges (Loans)
Open Charges
₹6.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 6.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2024 | Others | ₹6.00 Cr | Open |
How Many Employees Work at Acko General Insurance?
Acko General Insurance has a workforce of 661 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Acko General Insurance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Acko General Insurance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Acko General Insurance
Recent activity within the organization
- Director Appointment
Kalpana Bharat Sampat was appointed as a Additional Director was appointed as a Additional Director on 17 Oct 2024 & has been associated with this company since 6 months 10 days .
- Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100988219 was registered on 25 Sep 2024.
- Annual General Meeting
Acko General Insurance Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.
- Director Appointment
Animesh Kumar Das was appointed as a Ceo was appointed as a Ceo on 29 May 2024 & has been associated with this company since 10 months 28 days .
- Director Appointment
Animesh Kumar Das was appointed as a Managing Director was appointed as a Managing Director on 01 Apr 2024 & has been associated with this company since 1 year 25 days .
- Balance Sheet
Acko General Insurance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Recent News, Updates & Announcement
- ACKO Appoints AI Expert Dr. Mallesh Bommanahal as Chief Data Scientist.
ACKO appoints Dr. Mallesh Bommanahal, an AI expert and founder of i3systems.ai, as Chief Data Scientist, strengthening its technological leadership in the insurance industry..
- Acko to go on a hiring spree, moves to new office in Bengaluru.
The company has completed its move to a new facility in HSR Layout in Bengaluru. “We are excited to relocate to our new, larger office in Bengaluru,” said Ruchi Deepak, co-founder of Acko. .
- Acko signs pact with ZestMoney to offer credit insurance.
ZestMoney offers instant financing to consumers across 1000+ online portals and provides them the option of paying through EMIs even if the consumers don’t own a credit card.
Frequently asked questions
What is the Incorporation or founding date of Acko General Insurance Limited?
Acko General Insurance Limited was incorporated on 03 Nov 2016.
What is authorized share capital and paid-up capital of Acko General Insurance Limited?
The authorized share capital of Acko General Insurance Limited is ₹ 3,500.00 Cr and paid-up capital is ₹ 2,796.00 Cr.
Who are the current board members & directors of Acko General Insurance Limited?
Currently 9 directors are associated with Acko General Insurance Limited.
- Varun Dua
- Srinivasan Vaidyanathaswamy
- Kavassery Sankaranarayanan Gopalakrishnan
- Kalpana Bharat Sampat
- Sharayu Bhausaheb Jadhav
- Animesh Kumar Das
- Rohin Vig
- Animesh Kumar Das
- Karishma Rohan Desai
What is the registered address of Acko General Insurance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Acko General Insurance Limited is 2Nd Floor 36/5 Hustlehub One East Somasandrapalya 27Th Main Rd Sector 2, Hsr Layout India, Bengaluru, Karnataka, 560102.
What is the corporate identification number (CIN) and company number of Acko General Insurance Limited?
The corporate identification number (CIN) of Acko General Insurance Limited is U66000KA2016PLC138288 and the company number is 287385 as per Ministry of Corporate Affairs (MCA).
What is the official website of Acko General Insurance Limited?
The Official website of Acko General Insurance Limited is https://www.acko.com
What has been the recent revenue trend for Acko General Insurance Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Acko General Insurance Limited has risen by 128.78%.
How many employees does Acko General Insurance Limited currently have?
As Per 2022 financial reports, 661 employees are currently employed by Acko General Insurance Limited.
What change has been observed in the net worth of Acko General Insurance Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Acko General Insurance Limited has experienced an upsurge of 136.71%.
What are the total open charges for Acko General Insurance Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Acko General Insurance Limited amount to ₹ 6.00 Cr.
When was the last Balance Sheet of Acko General Insurance Limited filed with the ROC?
The most recent Balance Sheet for Acko General Insurance Limited was filed with the ROC on 31 Mar 2024.
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