Turtlemint Insurance Broking Services Private Limited

Provides insurance brokerage and agency services, partners with top insurance companies.

2013 | Thane, Maharashtra (India) | Active
Last Updated: July 09, 2024

Turtlemint Insurance Broking Services Profile

Key Indicators

  • Authorised Capital ₹ 21.00 Cr
  • Paid Up Capital ₹ 20.53 Cr
  • Company Age 11 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 25.00 Cr
  • Revenue Growth 58.12%
  • Profit Growth -12.92%
  • Ebitda -14.50%
  • Net Worth 46.09%
  • Total Assets 75.49%

About Turtlemint Insurance Broking Services

Turtlemint Insurance Broking Services Private Limited (TIBSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 October 2013 and has a history of 11 years and three months. Its registered office is in Thane, Maharashtra, India.

The Corporate was formerly known as Invictus Insurance Broking Services 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 2023. It's a company limited by shares with an authorized capital of Rs 21.00 Cr and a paid-up capital of Rs 20.53 Cr.

The company currently has active open charges totaling ₹25.00 Cr.

Dhirendra Mahyavanshi and Vilas Gandre serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U66000MH2013PTC249565

  • Company No.

    249565

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 2013

  • Date of AGM

    27 Sep 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 Turtlemint Insurance Broking Services?

Board Members (2)

Name Designation Appointment Date Status
Dhirendra Mahyavanshi Country flag representing In Director 24-Oct-2013 Current
Vilas Gandre Country flag representing In Director 16-Mar-2023 Current

Financial Performance of Turtlemint Insurance Broking Services.

Turtlemint Insurance Broking Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 58.12% increase. The company also saw a substantial fall in profitability, with a 12.92% decrease in profit. The company's net worth Soared by an impressive increase of 46.09%.

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
58.12%
Revenue from Operations
58.00%
Total Assets
75.49%
Profit or Loss
-12.92%
Net Worth
46.09%
EBITDA
-14.50%

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

In 2023, Turtlemint Insurance Broking Services had a promoter holding of 96.00% and a public holding of 4.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹25.00 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 25.00 Cr

Latest Charge Details

Date Lender Amount Status
29 Dec 2023 Others ₹25.00 Cr Open

How Many Employees Work at Turtlemint Insurance Broking Services?

Turtlemint Insurance Broking Services has a workforce of 1745 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 Turtlemint Insurance 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 Turtlemint Insurance 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 Turtlemint Insurance Broking Services

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100841427 was registered on 29 Dec 2023.

    29 Dec 2023

  • Annual General Meeting

    Turtlemint Insurance Broking Services Private Limited last Annual general meeting of members was held on 27 Sep 2023 as per latest MCA records.

    27 Sep 2023

  • Balance Sheet

    Turtlemint Insurance Broking Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Vilas Dattatraya Gandre was appointed as a Director was appointed as a Director on 16 Mar 2023 & has been associated with this company since 1 year 10 months .

    16 Mar 2023

  • Director Appointment

    Dhirendra Nalin Mahyavanshi was appointed as a Director was appointed as a Director on 24 Oct 2013 & has been associated with this company since 11 years 3 months .

    24 Oct 2013

  • Company Incorporation

    Turtlemint Insurance Broking Services Private Limited was registered on 24 Oct 2013 with Roc Mumbai & aged 11 years 3 months as per MCA records.

    24 Oct 2013

Recent News, Updates & Announcement

Frequently asked questions

  • Turtlemint Insurance Broking Services Private Limited was incorporated on 24 Oct 2013.

  • The authorized share capital of Turtlemint Insurance Broking Services Private Limited is ₹ 21.00 Cr and paid-up capital is ₹ 20.53 Cr.

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

    • Dhirendra Nalin Mahyavanshi
    • Vilas Dattatraya Gandre
  • As per Ministry of Corporate Affairs (Mca), the registered address of Turtlemint Insurance Broking Services Private Limited is Office 303 Cosmos Mary Park, 116/B Kolbad, Thane West, Maharashtra, India, 400601.

  • The corporate identification number (CIN) of Turtlemint Insurance Broking Services Private Limited is U66000MH2013PTC249565 and the company number is 249565 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Turtlemint Insurance Broking Services Private Limited is https://www.turtlemint.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Turtlemint Insurance Broking Services Private Limited has risen by 58.12%.

  • As Per 2023 financial reports, 1745 employees are currently employed by Turtlemint Insurance Broking Services Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Turtlemint Insurance Broking Services Private Limited has experienced an upsurge of 46.09%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Turtlemint Insurance Broking Services Private Limited amount to ₹ 25.00 Cr.

  • The most recent Balance Sheet for Turtlemint Insurance Broking Services Private Limited was filed with the ROC on 31 Mar 2023.

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