Synergy Insurance Broking Services Private Limited

Provides insurance broking services with access to 70+ insurance companies.

2001 | Mumbai, Maharashtra (India) | Active
Last Updated: January 28, 2025

Synergy Insurance Broking Services Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 7.73 M
  • Company Age 23 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 34.95%
  • Profit Growth 286.97%
  • Ebitda 490.08%
  • Net Worth 109.16%
  • Total Assets -8.13%

About Synergy Insurance Broking Services

Synergy Insurance Broking Services Private Limited (SIBSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 May 2001 and has a history of 23 years and eight months. Its registered office is in Mumbai, Maharashtra, 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 1.00 Cr and a paid-up capital of Rs 7.73 M, as per Ministry of Corporate Affairs (MCA) records.

Pranav Shah, Lohith Anand, and Shreyas Dharmasthala serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74140MH2001PTC131966

  • Company No.

    131966

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 May 2001

  • 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 Synergy Insurance Broking Services?

Board Members (3)

Name Designation Appointment Date Status
Pranav Shah Country flag representing In Director 05-Nov-2001 Current
Lohith Anand Country flag representing In Director 15-Feb-2023 Current
Shreyas Dharmasthala Country flag representing In Director 15-Feb-2023 Current

Financial Performance of Synergy Insurance Broking Services.

Synergy Insurance Broking Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.95% increase. The company also saw a substantial improvement in profitability, with a 286.97% increase in profit. The company's net worth Soared by an impressive increase of 109.16%.

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
34.95%
Revenue from Operations
35.22%
Total Assets
-8.13%
Profit or Loss
286.97%
Net Worth
109.16%
EBITDA
490.08%

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

Unlock access to Synergy Insurance Broking Services's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Synergy Insurance Broking Services?

Synergy Insurance Broking Services has a workforce of 21 employees as of Mar 28, 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 Synergy 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 Synergy 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 Synergy Insurance Broking Services

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Lohith Anand was appointed as a Director was appointed as a Director on 15 Feb 2023 & has been associated with this company since 1 year 11 months .

    15 Feb 2023

  • Director Appointment

    Shreyas Dharmasthala was appointed as a Director was appointed as a Director on 15 Feb 2023 & has been associated with this company since 1 year 11 months .

    15 Feb 2023

  • Director Appointment

    Pranav Vinod Shah was appointed as a Director was appointed as a Director on 05 Nov 2001 & has been associated with this company since 23 years 2 months .

    05 Nov 2001

  • Company Incorporation

    Synergy Insurance Broking Services Private Limited was registered on 11 May 2001 with Roc Mumbai & aged 23 years 8 months as per MCA records.

    11 May 2001

Frequently asked questions

  • Synergy Insurance Broking Services Private Limited was incorporated on 11 May 2001.

  • The authorized share capital of Synergy Insurance Broking Services Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 7.73 M.

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

    • Pranav Vinod Shah
    • Lohith Anand
    • Shreyas Dharmasthala
  • As per Ministry of Corporate Affairs (Mca), the registered address of Synergy Insurance Broking Services Private Limited is Office No. 701 Samarpan Complex New Link Road Chakala, Andheri (East) India, Mumbai, Maharashtra, 400099.

  • The corporate identification number (CIN) of Synergy Insurance Broking Services Private Limited is U74140MH2001PTC131966 and the company number is 131966 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Synergy Insurance Broking Services Private Limited is https://www.synergy-insurance.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Synergy Insurance Broking Services Private Limited has risen by 34.95%.

  • As Per 2023 financial reports, 21 employees are currently employed by Synergy Insurance Broking Services Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Synergy Insurance Broking Services Private Limited has experienced an upsurge of 109.16%.

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

Similar Companies Based on Insurance Brokerage & Advisory