Mahindra Insurance Brokers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 10.31 Cr
- Company Age 38 Year, 2 Days
- 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. 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
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.
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
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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.
