Mahindra Insurance Brokers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.31 Cr
- Company Age 38 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 22.56%
- Profit Growth -33.63%
- Ebitda -41.83%
- Net Worth 5.78%
- Total Assets 8.36%
About Mahindra Insurance Brokers
Mahindra Insurance Brokers Limited (MIBL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 February 1987 and has a history of 38 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Mahipar Investments 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 15.00 Cr and a paid-up capital of Rs 10.31 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mahindra Insurance Brokers Limited India are Saurabh Dharadhar as CFO and Bhavita Ashiyani as Company Secretary. Jyotin Mehta, Hemant Sikka, Anjali Raina, and Four 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
U65990MH1987PLC042609
- Company No.
042609
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Feb 1987
- Date of AGM
16 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
What products or services does Mahindra Insurance Brokers Limited offer?
Mahindra Insurance Brokers Limited offers a wide range of products and services, including Life Insurance, Personal Accident Policy, Insurance Service, Health Insurance, Insurance Agents and Services, Automotive Insurance.
Mahindra Insurance Brokers Limited
Explore comprehensive data for Mahindra Insurance Brokers Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Mahindra Insurance Brokers?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Seshadri  | Managing Director | 21-May-2021 | Current |
| Saurabh Dharadhar | CFO | 18-Jul-2018 | Current |
| Bhavita Ashiyani | Company Secretary | 14-May-2024 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vivek Karve | Director | 05-Jan-2021 | Current |
| Jyotin Mehta | Director | 30-Mar-2020 | Current |
| Hemant Sikka | Director | 23-Oct-2006 | Current |
| Anjali Raina | Director | 30-Mar-2015 | Current |
| Amarjyoti Barua | Additional Director | 08-Oct-2024 | Current |
| Raul Rebello | Additional Director | 13-Aug-2024 | Current |
Financial Performance of Mahindra Insurance Brokers.
Mahindra Insurance Brokers Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.56% increase. The company also saw a substantial fall in profitability, with a 33.63% decrease in profit. The company's net worth moved up by a moderate rise of 5.78%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mahindra Insurance Brokers?
In 2023, Mahindra Insurance Brokers had a promoter holding of 80.00% and a public holding of 20.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Process Intelligence And Dynamics Private LimitedVivek Karve is a mutual person
Otis Elevator Co (India)LtdJyotin Mehta is a mutual person
Mahindra Manulife Investment Management Private LimitedRaul Rebello is a mutual person
Kotak Mahindra Asset Management Company LimitedAnjali Raina is a mutual person
Harvard Global Research Support Centre IndiaAnjali Raina is a mutual person
Harvard Business School Publishing India Private LimitedAnjali Raina is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Mahindra Insurance Brokers?
Mahindra Insurance Brokers has a workforce of 743 employees as of Mar 29, 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 Mahindra Insurance Brokers, 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 Mahindra Insurance Brokers'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 Mahindra Insurance Brokers
Recent activity within the organization
- Director Appointment
Amarjyoti Barua was appointed as a Additional Director was appointed as a Additional Director on 08 Oct 2024 & has been associated with this company since 7 months 16 days .
- Director Appointment
Raul Ignatius Rebello was appointed as a Additional Director was appointed as a Additional Director on 13 Aug 2024 & has been associated with this company since 9 months 11 days .
- Annual General Meeting
Mahindra Insurance Brokers Limited last Annual general meeting of members was held on 16 Jul 2024 as per latest MCA records.
- Director Appointment
Bhavita Arvind Ashiyani was appointed as a Company Secretary was appointed as a Company Secretary on 14 May 2024 & has been associated with this company since 1 year 10 days .
- Balance Sheet
Mahindra Insurance Brokers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Seshadri was appointed as a Managing Director was appointed as a Managing Director on 21 May 2021 & has been associated with this company since 4 years 3 days .
Recent News, Updates & Announcement
Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..
- Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
- Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.
Mumbai, March 19, 2024: Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.
- Thrust Zone.
Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..
Frequently asked questions
What is the Incorporation or founding date of Mahindra Insurance Brokers Limited?
Mahindra Insurance Brokers Limited was incorporated on 18 Feb 1987.
What is authorized share capital and paid-up capital of Mahindra Insurance Brokers Limited?
The authorized share capital of Mahindra Insurance Brokers Limited is ₹ 15.00 Cr and paid-up capital is ₹ 10.31 Cr.
Who are the current board members & directors of Mahindra Insurance Brokers Limited?
Currently 9 directors are associated with Mahindra Insurance Brokers Limited.
- Jyotin Kantilal Mehta
- Hemant Sikka
- Anjali Ishan Raina
- Vivek Anant Karve
- Seshadri
- Amarjyoti Barua
- Raul Ignatius Rebello
- Saurabh Vinod Dharadhar
- Bhavita Arvind Ashiyani
What is the registered address of Mahindra Insurance Brokers Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Insurance Brokers Limited is Mahindra Towers Worli, India, Mumbai, Maharashtra, 400018.
What is the corporate identification number (CIN) and company number of Mahindra Insurance Brokers Limited?
The corporate identification number (CIN) of Mahindra Insurance Brokers Limited is U65990MH1987PLC042609 and the company number is 042609 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mahindra Insurance Brokers Limited?
The Official website of Mahindra Insurance Brokers Limited is https://www.mahindrainsurance.com
What has been the recent revenue trend for Mahindra Insurance Brokers Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra Insurance Brokers Limited has risen by 22.56%.
How many employees does Mahindra Insurance Brokers Limited currently have?
As Per 2023 financial reports, 743 employees are currently employed by Mahindra Insurance Brokers Limited.
What change has been observed in the net worth of Mahindra Insurance Brokers Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra Insurance Brokers Limited has experienced an upsurge of 5.78%.
When was the last Balance Sheet of Mahindra Insurance Brokers Limited filed with the ROC?
The most recent Balance Sheet for Mahindra Insurance Brokers Limited was filed with the ROC on 31 Mar 2024.
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