Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited

Provides composite broking services for corporate and individual insurance needs.

2000 | Mumbai, Maharashtra (India) | Active
Last Updated: December 30, 2024

Afro-Asian Insurance & Reinsurance Brokers (India) Profile

Key Indicators

  • Authorised Capital ₹ 6.50 Cr
  • Paid Up Capital ₹ 5.57 Cr
  • Company Age 24 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 5.59%
  • Profit Growth 257.10%
  • Ebitda 680.89%
  • Net Worth 16.36%
  • Total Assets -28.67%

About Afro-Asian Insurance & Reinsurance Brokers (India)

Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited (AIRBIPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 November 2000 and has a history of 24 years and two months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Afro-Asian Insurance Services (India) Private Limited. 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 6.50 Cr and a paid-up capital of Rs 5.57 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rajesh Kapasi, Udai Patel, Jay Thakker, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999MH2000PTC129466

  • Company No.

    129466

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Nov 2000

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Afro-Asian Insurance & Reinsurance Brokers (India)?

Board Members (4)

NameDesignationAppointment DateStatus
Jay Thakker Country flag representing Gb Whole-Time Director 23-Dec-2014Current
Avinash Bagul Country flag representing In Director 06-Dec-2016Current
Rajesh Kapasi Country flag representing In Whole-Time Director 21-Jan-2004Current
Udai Patel Country flag representing Gb Director 18-May-2004Current

Financial Performance of Afro-Asian Insurance & Reinsurance Brokers (India).

Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited, for the financial year ended 2021, experienced modest growth in revenue, with a 5.59% increase. The company also saw a substantial improvement in profitability, with a 257.1% increase in profit. The company's net worth Soared by an impressive increase of 16.36%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
5.59%
Revenue from Operations
6.73%
Total Assets
-28.67%
Profit or Loss
257.10%
Net Worth
16.36%
EBITDA
680.89%

What is the Ownership and Shareholding Structure of Afro-Asian Insurance & Reinsurance Brokers (India)?

In 2021, Afro-Asian Insurance & Reinsurance Brokers (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Afro-Asian Insurance & Reinsurance Brokers (India)?

Afro-Asian Insurance & Reinsurance Brokers (India) has a workforce of 16 employees as of Apr 06, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Afro-Asian Insurance & Reinsurance Brokers (India), 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 Afro-Asian Insurance & Reinsurance Brokers (India)'s trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Afro-Asian Insurance & Reinsurance Brokers (India)

Recent activity within the organization

  • Annual General Meeting

    Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Avinash Anant Bagul was appointed as a Director was appointed as a Director on 06 Dec 2016 & has been associated with this company since 8 years 1 month .

    06 Dec 2016

  • Director Appointment

    Jay Bharat Thakker was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 23 Dec 2014 & has been associated with this company since 10 years 1 month .

    23 Dec 2014

  • Director Appointment

    Udai Rasiklal Patel was appointed as a Director was appointed as a Director on 18 May 2004 & has been associated with this company since 20 years 8 months .

    18 May 2004

  • Director Appointment

    Rajesh Ramniklal Kapasi was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 21 Jan 2004 & has been associated with this company since 21 years 10 days .

    21 Jan 2004

Frequently asked questions

  • Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited was incorporated on 03 Nov 2000.

  • The authorized share capital of Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited is ₹ 6.50 Cr and paid-up capital is ₹ 5.57 Cr.

  • Currently 4 directors are associated with Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited.

    • Rajesh Ramniklal Kapasi
    • Udai Rasiklal Patel
    • Jay Bharat Thakker
    • Avinash Anant Bagul
  • As per Ministry of Corporate Affairs (Mca), the registered address of Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited is 75, Bajaj Bhawan Nariman Point India, Mumbai, Maharashtra, 400021.

  • The corporate identification number (CIN) of Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited is U74999MH2000PTC129466 and the company number is 129466 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited is https://www.aairb.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited has risen by 5.59%.

  • As Per 2021 financial reports, 16 employees are currently employed by Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited has experienced an upsurge of 16.36%.

  • The most recent Balance Sheet for Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited was filed with the ROC on 31 Mar 2024.

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