Ratnaafin Insurance Broking Private Limited

Provides direct insurance broking services for life, general, and health insurance.

2019 | Ahmedabad, Gujarat (India) | Active
Last Updated: October 24, 2024

Ratnaafin Insurance Broking Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 10.00 Cr
  • Company Age 5 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 5.00 M
  • Revenue Growth 94.45%
  • Profit Growth -42.55%
  • Ebitda -31.13%
  • Net Worth 77.27%
  • Total Assets 66.54%

About Ratnaafin Insurance Broking

Ratnaafin Insurance Broking Private Limited (RIBPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 October 2019 (Five years and three months 25 days old ). Its registered office is in Ahmedabad, Gujarat, 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 10.00 Cr and a paid-up capital of Rs 10.00 Cr.

The company has closed loans amounting to ₹5.00 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Ratnaafin Insurance Broking Private Limited India is Pujan Raval as COMPANY SECRETARY. Nishad Shah and Malav Desai serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U66000GJ2019PTC110264

  • Company No.

    110264

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Oct 2019

  • Date of AGM

    29 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Ratnaafin Insurance Broking?

Executive Team (1)

Name Designation Appointment Date Status
Pujan Raval Company Secretary 29-Mar-2022 Current

Board Members (2)

Name Designation Appointment Date Status
Malav Desai Country flag representing In Director 11-Oct-2019 Current
Nishad Shah Country flag representing In Director 11-Oct-2019 Current

Financial Performance of Ratnaafin Insurance Broking.

Ratnaafin Insurance Broking Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 94.45% increase. The company also saw a substantial fall in profitability, with a 42.55% decrease in profit. The company's net worth Soared by an impressive increase of 77.27%.

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
94.45%
Revenue from Operations
94.27%
Total Assets
66.54%
Profit or Loss
-42.55%
Net Worth
77.27%
EBITDA
-31.13%

What is the Ownership and Shareholding Structure of Ratnaafin Insurance Broking?

In 2023, Ratnaafin Insurance Broking had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹0.50 Cr

Charges Breakdown by Lending Institutions

  • Idbi Bank Limited : 0.50 Cr

Latest Charge Details

Date Lender Amount Status
19 Aug 2020 Idbi Bank Limited ₹5.00 M Satisfied

How Many Employees Work at Ratnaafin Insurance Broking?

Ratnaafin Insurance Broking has a workforce of 70 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 Ratnaafin Insurance Broking, 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 Ratnaafin Insurance Broking'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 Ratnaafin Insurance Broking

Recent activity within the organization

  • Annual General Meeting

    Ratnaafin Insurance Broking Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.

    29 Sep 2024

  • Balance Sheet

    Ratnaafin Insurance Broking Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Charges

    A charge registered on 19 Aug 2020 via Charge ID 100367126 with Idbi Bank Limited was fully satisfied on 07 Oct 2023.

    07 Oct 2023

  • Director Appointment

    Pujan Narayanlal Raval was appointed as a Company Secretary was appointed as a Company Secretary on 29 Mar 2022 & has been associated with this company since 2 years 10 months .

    29 Mar 2022

  • Charges

    A charge with Idbi Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100367126 was registered on 19 Aug 2020.

    19 Aug 2020

  • Director Appointment

    Nishad Jitendra Shah was appointed as a Director was appointed as a Director on 11 Oct 2019 & has been associated with this company since 5 years 3 months .

    11 Oct 2019

Frequently asked questions

  • Ratnaafin Insurance Broking Private Limited was incorporated on 11 Oct 2019.

  • The authorized share capital of Ratnaafin Insurance Broking Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 10.00 Cr.

  • Currently 3 directors are associated with Ratnaafin Insurance Broking Private Limited.

    • Nishad Jitendra Shah
    • Malav Gautam Desai
    • Pujan Narayanlal Raval
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ratnaafin Insurance Broking Private Limited is 203 204 205-Shilp Aperia Nr. Landmark Hotel Iscon-Ambli Road, Bodakdev India, Ahmedabad, Gujarat, 380052.

  • The corporate identification number (CIN) of Ratnaafin Insurance Broking Private Limited is U66000GJ2019PTC110264 and the company number is 110264 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ratnaafin Insurance Broking Private Limited is https://www.ratnaafinsure.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Ratnaafin Insurance Broking Private Limited has risen by 94.45%.

  • As Per 2023 financial reports, 70 employees are currently employed by Ratnaafin Insurance Broking Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ratnaafin Insurance Broking Private Limited has experienced an upsurge of 77.27%.

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

People also Viewed

Similar Companies Based on Insurance Brokerage & Advisory