First Insurance World Broking Services Private Limited

Provides insurance broking services since 2003, based in Chennai, Tamil Nadu.

2003 | Tiruvallur, Tamil Nadu (India) | Active
Last Updated: December 24, 2024

First Insurance World Broking Services Profile

Key Indicators

  • Authorised Capital ₹ 3.30 Cr
  • Paid Up Capital ₹ 1.10 Cr
  • Company Age 21 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 8.60 M
  • Revenue Growth -2.39%
  • Profit Growth -23.03%
  • Ebitda 10.57%
  • Net Worth 4.47%
  • Total Assets 9.37%

About First Insurance World Broking Services

First Insurance World Broking Services Private Limited (FIWBSPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 November 2003 and has a history of 21 years and three months. Its registered office is in Tiruvallur, Tamil Nadu, India.

The Corporate was formerly known as First Insurance Consulting 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 3.30 Cr and a paid-up capital of Rs 1.10 Cr.

The company currently has active open charges totaling ₹8.60 M.

Rani Duraipandian and Mathews Merben serve as directors at the Company.

Company Details

  • Location

    Tiruvallur, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    firstinsurance.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67200TN2003PTC051874

  • Company No.

    051874

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Nov 2003

  • Date of AGM

    31 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at First Insurance World Broking Services?

Executive Team (1)

Name Designation Appointment Date Status
Mathews Merben Country flag representing In Managing Director 28-Jan-2015 Current

Board Members (1)

Name Designation Appointment Date Status
Rani Duraipandian Country flag representing In Director 31-Mar-2005 Current

Financial Performance of First Insurance World Broking Services.

First Insurance World Broking Services Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 2.39% decrease. The company also saw a substantial fall in profitability, with a 23.03% decrease in profit. The company's net worth moved up by a moderate rise of 4.47%.

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
-2.39%
Revenue from Operations
-2.90%
Total Assets
9.37%
Profit or Loss
-23.03%
Net Worth
4.47%
EBITDA
10.57%

What is the Ownership and Shareholding Structure of First Insurance World Broking Services?

In 2022, First Insurance World Broking Services had a public holding of 66.69%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.86 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.71 Cr
  • Tamilnad Mercantile Bank Limited : 0.15 Cr

Latest Charge Details

Date Lender Amount Status
13 Oct 2023 Others ₹5.50 M Open
13 Jun 2023 Others ₹1.60 M Open
20 Oct 2021 Tamilnad Mercantile Bank Limited ₹1.50 M Open

How Many Employees Work at First Insurance World Broking Services?

First Insurance World Broking Services has a workforce of 12 employees as of Apr 09, 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 First Insurance World Broking Services, 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 First Insurance World Broking Services'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 First Insurance World Broking Services

Recent activity within the organization

  • Annual General Meeting

    First Insurance World Broking Services Private Limited last Annual general meeting of members was held on 31 Aug 2024 as per latest MCA records.

    31 Aug 2024

  • Balance Sheet

    First Insurance World Broking Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100816831 was registered on 13 Oct 2023.

    13 Oct 2023

  • Charges

    A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100790012 was registered on 13 Jun 2023.

    13 Jun 2023

  • Charges

    A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100510718 was registered on 20 Oct 2021.

    20 Oct 2021

  • Director Appointment

    Mathews Jayakaran Merben was appointed as a Managing Director was appointed as a Managing Director on 28 Jan 2015 & has been associated with this company since 10 years 16 days .

    28 Jan 2015

Frequently asked questions

  • First Insurance World Broking Services Private Limited was incorporated on 03 Nov 2003.

  • The authorized share capital of First Insurance World Broking Services Private Limited is ₹ 3.30 Cr and paid-up capital is ₹ 1.10 Cr.

  • Currently 2 directors are associated with First Insurance World Broking Services Private Limited.

    • Rani Mathews Duraipandian
    • Mathews Jayakaran Merben
  • As per Ministry of Corporate Affairs (Mca), the registered address of First Insurance World Broking Services Private Limited is 267 Mugapair Eari Scheme, Ambattur India, Chennai, Tamil Nadu, 600037.

  • The corporate identification number (CIN) of First Insurance World Broking Services Private Limited is U67200TN2003PTC051874 and the company number is 051874 as per Ministry of Corporate Affairs (MCA).

  • The Official website of First Insurance World Broking Services Private Limited is https://www.firstinsurance.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for First Insurance World Broking Services Private Limited has fallen by -2.39%.

  • As Per 2022 financial reports, 12 employees are currently employed by First Insurance World Broking Services Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of First Insurance World Broking Services Private Limited has experienced an upsurge of 4.47%.

  • As per the financial statements for fiscal Year 2022, The total open charges for First Insurance World Broking Services Private Limited amount to ₹ 8.60 M.

  • The most recent Balance Sheet for First Insurance World Broking Services Private Limited was filed with the ROC on 31 Mar 2024.

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