Symbo India Insurance Broking Private Limited

Insurance broker offering various types of insurance policies in partnership with top insurance companies.

1994 | Mumbai, Maharashtra (India) | Active
Last Updated: December 27, 2024

Symbo India Insurance Broking Profile

Key Indicators

  • Authorised Capital ₹ 55.00 Cr
  • Paid Up Capital ₹ 51.58 Cr
  • Company Age 30 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.50 M
  • Revenue Growth -41.00%
  • Profit Growth 13.90%
  • Ebitda 12.30%
  • Net Worth -41.72%
  • Total Assets -33.99%

About Symbo India Insurance Broking

Symbo India Insurance Broking Private Limited (SIIBPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 October 1994 and has a history of 30 years and four months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Standard Composite Insurance Brokers 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 55.00 Cr and a paid-up capital of Rs 51.58 Cr.

The company currently has active open charges totaling ₹0.50 M.

The Key Managerial Personnel (KMP) at Symbo India Insurance Broking Private Limited India are Mitesh Jain as CEO and Nimisha Shah as Company Secretary. Kartik Kamalkumar, Mitesh Jain, and Anik Jain serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    symboinsurance.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65990MH1994PTC082324

  • Company No.

    082324

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 1994

  • Date of AGM

    30 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 Symbo India Insurance Broking?

Executive Team (2)

NameDesignationAppointment DateStatus
Mitesh Jain CEO21-Feb-2023Current
Nimisha Shah Country flag representing In Company Secretary19-Jul-2021Current

Board Members (3)

NameDesignationAppointment DateStatus
Kartik Kamalkumar Country flag representing In Director 09-Aug-2023Current
Mitesh Jain Country flag representing In Director 30-Apr-2021Current
Anik Jain Country flag representing In Director 29-May-2018Current

Financial Performance of Symbo India Insurance Broking.

Symbo India Insurance Broking Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 41% decrease. The company also saw a substantial improvement in profitability, with a 13.9% increase in profit. The company's net worth observed a substantial decline by a decrease of 41.72%.

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
-41.00%
Revenue from Operations
-40.66%
Total Assets
-33.99%
Profit or Loss
13.90%
Net Worth
-41.72%
EBITDA
12.30%

What is the Ownership and Shareholding Structure of Symbo India Insurance Broking?

In 2022, Symbo India 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

₹0.05 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
10 Sep 2018Hdfc Bank Limited₹0.50 MOpen

How Many Employees Work at Symbo India Insurance Broking?

Symbo India Insurance Broking has a workforce of 25 employees as of Apr 04, 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 Symbo India 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 Symbo India 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 Symbo India Insurance Broking

Recent activity within the organization

  • Annual General Meeting

    Symbo India Insurance Broking Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Kartik Poddar Kamalkumar was appointed as a Director was appointed as a Director on 09 Aug 2023 & has been associated with this company since 1 year 6 months .

    09 Aug 2023

  • Director Appointment

    Mitesh Hastimal Jain was appointed as a Ceo was appointed as a Ceo on 21 Feb 2023 & has been associated with this company since 2 years 2 days .

    21 Feb 2023

  • Director Appointment

    Nimisha Mahendra Shah was appointed as a Company Secretary was appointed as a Company Secretary on 19 Jul 2021 & has been associated with this company since 3 years 7 months .

    19 Jul 2021

  • Director Appointment

    Mitesh Hastimal Jain was appointed as a Director was appointed as a Director on 30 Apr 2021 & has been associated with this company since 3 years 9 months .

    30 Apr 2021

Recent News, Updates & Announcement

Frequently asked questions

  • Symbo India Insurance Broking Private Limited was incorporated on 24 Oct 1994.

  • The authorized share capital of Symbo India Insurance Broking Private Limited is ₹ 55.00 Cr and paid-up capital is ₹ 51.58 Cr.

  • Currently 5 directors are associated with Symbo India Insurance Broking Private Limited.

    • Kartik Poddar Kamalkumar
    • Mitesh Hastimal Jain
    • Anik Jain
    • Mitesh Hastimal Jain
    • Nimisha Mahendra Shah
  • As per Ministry of Corporate Affairs (Mca), the registered address of Symbo India Insurance Broking Private Limited is 2Nd Floor Fleet House Near Marol Naka Metro Station Andheri Kurla Road, East India, Mumbai, Maharashtra, 400059.

  • The corporate identification number (CIN) of Symbo India Insurance Broking Private Limited is U65990MH1994PTC082324 and the company number is 082324 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Symbo India Insurance Broking Private Limited is https://www.symboinsurance.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Symbo India Insurance Broking Private Limited has fallen by -41.00%.

  • As Per 2022 financial reports, 25 employees are currently employed by Symbo India Insurance Broking Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Symbo India Insurance Broking Private Limited has experienced an downturn of -41.72%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Symbo India Insurance Broking Private Limited amount to ₹ 0.50 M.

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

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