Ageas Federal Life Insurancecompany Profile
Key Indicators
- Authorised Capital ₹ 2,500.00 Cr
- Paid Up Capital ₹ 800.00 Cr
- Company Age 18 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Revenue Growth %
- Ebitda
- Net Worth
- Total Assets %
About Ageas Federal Life Insurancecompany
Ageas Federal Life Insurancecompany Limited (AFLIL) is a Public Limited Indian Non-Government Company incorporated in India on 22 January 2007 and has a history of 18 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Idbi Fortis Life Insurance Company 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 2023. It's a company limited by shares with an authorized capital of Rs 2,500.00 Cr and a paid-up capital of Rs 800.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ageas Federal Life Insurancecompany Limited India are Rajesh Ajgaonkar as COMPANY SECRETARY and Mathivanan Balakrishnan as Cfo. Sreenivasan Prasad, Sudhin Roychowdhury, Sridar Swamy, and Nine other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U66010MH2007PLC167164
- Company No.
167164
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
22 Jan 2007
- Date of AGM
17 May 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Ageas Federal Life Insurancecompany?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vighnesh Shahane  | Managing Director | 01-Feb-2014 | Current |
| Rajesh Ajgaonkar | Company Secretary | 07-Jan-2012 | Current |
| Mathivanan Balakrishnan | CFO | 13-Nov-2019 | Current |
Board Members (11)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sridar Swamy | Director | 02-Nov-2022 | Current |
| Shyam Srinivasan | Director | 17-Jan-2014 | Current |
| Monaz Noble | Director | 29-Jul-2019 | Current |
| Mahendra Bhagat | Director | 02-Nov-2022 | Current |
Filip Coremans  | Director | 11-Aug-2010 | Current |
| Sreenivasan Prasad | Director | 13-May-2021 | Current |
Financial Performance of Ageas Federal Life Insurancecompany.
Ageas Federal Life Insurancecompany Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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| EBITDA |
What is the Ownership and Shareholding Structure of Ageas Federal Life Insurancecompany?
In 2023, Ageas Federal Life Insurancecompany had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Sandoz Private LimitedMonaz Noble is a mutual person
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Nile LimitedSridar Swamy is a mutual person
Cosmea Financial Holdings Private LimitedSudhin Roychowdhury is a mutual person
Avia Insurance Brokers Private LimitedSudhin Roychowdhury is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Ageas Federal Life Insurancecompany?
Ageas Federal Life Insurancecompany has a workforce of 1794 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ageas Federal Life Insurancecompany, 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 Ageas Federal Life Insurancecompany'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 Ageas Federal Life Insurancecompany
Recent activity within the organization
- Annual General Meeting
Ageas Federal Life Insurancecompany Limited last Annual general meeting of members was held on 17 May 2023 as per latest MCA records.
- Director Appointment
Frank Johan Gerard Van Kempen was appointed as a Director was appointed as a Director on 13 Apr 2023 & has been associated with this company since 1 year 10 months .
- Balance Sheet
Ageas Federal Life Insurancecompany Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Sudhin Roychowdhury was appointed as a Director was appointed as a Director on 02 Nov 2022 & has been associated with this company since 2 years 4 months .
- Director Appointment
Sridar Swamy was appointed as a Director was appointed as a Director on 02 Nov 2022 & has been associated with this company since 2 years 4 months .
- Director Appointment
Mahendra Nathuram Bhagat was appointed as a Director was appointed as a Director on 02 Nov 2022 & has been associated with this company since 2 years 4 months .
Recent News, Updates & Announcement
- Insurance Company's Value Drops as Top Bancassurance Partner Departs and Parent Company Seeks to Sell Stake.
When your top bancassurance partner leaves and your parent company wants to sell their stake, your insurance company's value goes down. This is because your main source of sales is gone and you can't command a high price anymore. Now, the company needs to find a new partner or make their products better to keep their value..
Frequently asked questions
What is the Incorporation or founding date of Ageas Federal Life Insurancecompany Limited?
Ageas Federal Life Insurancecompany Limited was incorporated on 22 Jan 2007.
What is authorized share capital and paid-up capital of Ageas Federal Life Insurancecompany Limited?
The authorized share capital of Ageas Federal Life Insurancecompany Limited is ₹ 2,500.00 Cr and paid-up capital is ₹ 800.00 Cr.
Who are the current board members & directors of Ageas Federal Life Insurancecompany Limited?
Currently 14 directors are associated with Ageas Federal Life Insurancecompany Limited.
- Sreenivasan Prasad
- Sudhin Roychowdhury
- Sridar Swamy
- Shyam Srinivasan
- Monaz Noble
- Filip Andre Lodewijk Coremans
- Kannan Gopalaraghavan Vellur
- Vighnesh Ashok Shahane
- Mahendra Nathuram Bhagat
- Shalini Warrier
- Frank Johan Gerard Van Kempen
- Gilke Eeckhoudt
- Rajesh Chandrakant Ajgaonkar
- Mathivanan Balakrishnan
What is the registered address of Ageas Federal Life Insurancecompany Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ageas Federal Life Insurancecompany Limited is 22Nd Floor A Wing Marathon Futurex, N.M. Joshi Marg Lower Parel - East, Mumbai, Maharashtra, India, 400013.
What is the corporate identification number (CIN) and company number of Ageas Federal Life Insurancecompany Limited?
The corporate identification number (CIN) of Ageas Federal Life Insurancecompany Limited is U66010MH2007PLC167164 and the company number is 167164 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ageas Federal Life Insurancecompany Limited?
The Official website of Ageas Federal Life Insurancecompany Limited is https://www.ageasfederal.com
How many employees does Ageas Federal Life Insurancecompany Limited currently have?
As Per 2023 financial reports, 1794 employees are currently employed by Ageas Federal Life Insurancecompany Limited.
When was the last Balance Sheet of Ageas Federal Life Insurancecompany Limited filed with the ROC?
The most recent Balance Sheet for Ageas Federal Life Insurancecompany Limited was filed with the ROC on 31 Mar 2023.
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