Insurance Brokers Association Of India

Offers various insurance policies and services since 2001 from Mumbai.

2001 | Mumbai, Maharashtra (India) | Active
Last Updated: January 21, 2025

Insurance Brokers Association Of India Profile

Key Indicators

  • Paid Up Capital ₹ 0.90 M
  • Company Age 23 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.00 Cr
  • Revenue Growth 9.83%
  • Profit Growth 59.14%
  • Ebitda 63.95%
  • Net Worth 3.38%
  • Total Assets 3.41%

About Insurance Brokers Association Of India

Insurance Brokers Association Of India (IBAOI) is a Public Not For Profit Company incorporated in India on 25 July 2001 and has a history of 23 years and six months. Its registered office is in Mumbai, Maharashtra, 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 0.00 and a paid-up capital of Rs 0.90 M.

The company currently has active open charges totaling ₹2.00 Cr.

Sumit Bohra, Monisha Dossa, Ashok Jain, and Thirteen other members 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

    U67120MH2001NPL132860

  • Company No.

    132860

  • Company Classification

    Public Not For Profit Company

  • Incorporation Date

    25 Jul 2001

  • Date of AGM

    13 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 Insurance Brokers Association Of India?

Board Members (16)

NameDesignationAppointment DateStatus
Surender Kumar Country flag representing In Director 24-Sep-2020Current
Sundaram Venkatavaradan Country flag representing In Director 24-Sep-2020Current
Pavanjitsingh Dhingra Country flag representing In Director 16-Sep-2022Current
Narendrakumar Bharindwal Country flag representing In Director 05-Apr-2018Current
Gurunathan Venkateswaran Country flag representing In Director 24-Sep-2021Current
Ciby Varghese Country flag representing In Director 24-Sep-2019Current

Financial Performance of Insurance Brokers Association Of India.

Insurance Brokers Association Of India, for the financial year ended 2023, experienced modest growth in revenue, with a 9.83% increase. The company also saw a substantial improvement in profitability, with a 59.14% increase in profit. The company's net worth moved up by a moderate rise of 3.38%.

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
9.83%
Revenue from Operations
15.82%
Total Assets
3.41%
Profit or Loss
59.14%
Net Worth
3.38%
EBITDA
63.95%

What is the Ownership and Shareholding Structure of Insurance Brokers Association Of India?

Unlock access to Insurance Brokers Association Of India's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹20,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 2.00 Cr

Latest Charge Details

DateLenderAmountStatus
12 Jun 2024Others₹2.00 CrOpen

How Many Employees Work at Insurance Brokers Association Of India?

Unlock and access historical data on people associated with Insurance Brokers Association Of India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Insurance Brokers Association Of 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 Insurance Brokers Association Of 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 Insurance Brokers Association Of India

Recent activity within the organization

  • Director Appointment

    Monisha Nitin Dossa was appointed as a Director was appointed as a Director on 02 Oct 2024 & has been associated with this company since 4 months .

    02 Oct 2024

  • Director Appointment

    Abhishek Bondia was appointed as a Director was appointed as a Director on 28 Sep 2024 & has been associated with this company since 4 months 4 days .

    28 Sep 2024

  • Annual General Meeting

    Insurance Brokers Association Of India last Annual general meeting of members was held on 13 Sep 2024 as per latest MCA records.

    13 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 20,000,000.00 with Charge ID 100949099 was registered on 12 Jun 2024.

    12 Jun 2024

  • Balance Sheet

    Insurance Brokers Association Of India has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Sanjeev Gujral was appointed as a Director was appointed as a Director on 16 Sep 2022 & has been associated with this company since 2 years 4 months .

    16 Sep 2022

Recent News, Updates & Announcement

Frequently asked questions

  • Insurance Brokers Association Of India was incorporated on 25 Jul 2001.

  • The authorized share capital of Insurance Brokers Association Of India is ₹ 0.00 and paid-up capital is ₹ 0.90 M.

  • Currently 16 directors are associated with Insurance Brokers Association Of India.

    • Sumit Shantilal Bohra
    • Monisha Nitin Dossa
    • Ashok Kumar Jain
    • Nirmal Bazaz
    • Anurag Kaul
    • Pavanjitsingh Dhingra
    • Venkatesh Naidu Gali Perumal Naidu
    • Gurunathan Venkateswaran
    • Rashmi Ravi Iyer
    • Ciby Varghese
    • Abhishek Bondia
    • Sundaram Venkatavaradan
    • Sanjeev Gujral
    • Narendrakumar Bharindwal
    • Surender Tonk Kumar
    • Mohan Sriraman
  • As per Ministry of Corporate Affairs (Mca), the registered address of Insurance Brokers Association Of India is Mahalaxmi Industrial Estate Unit No. 319 Plot 175 D.S. Barretto Road, Lower Parel India, Mumbai, Maharashtra, 400013.

  • The corporate identification number (CIN) of Insurance Brokers Association Of India is U67120MH2001NPL132860 and the company number is 132860 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Insurance Brokers Association Of India is https://www.ibai.org

  • According to the financial reports for the fiscal year 2023, the revenue trend for Insurance Brokers Association Of India has risen by 9.83%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Insurance Brokers Association Of India has experienced an upsurge of 3.38%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Insurance Brokers Association Of India amount to ₹ 2.00 Cr.

  • The most recent Balance Sheet for Insurance Brokers Association Of India was filed with the ROC on 31 Mar 2024.

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