Velocity Insurance Broking Services Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 7.50 M
- Company Age 15 Year, 26 Days
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 1.18 M
- Revenue Growth -58.33%
- Profit Growth -187.80%
- Ebitda -62.66%
- Net Worth -4.27%
- Total Assets -8.69%
About Velocity Insurance Broking Services
Velocity Insurance Broking Services Private Limited (VIBSPL) is a Private Limited Indian Non-Government Company incorporated in India on 19 January 2010 and has a history of 15 years. Its registered office is in Jaipur, Rajasthan, India.
The Corporate was formerly known as I-Assure Insurance Broking Services 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 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 7.50 M.
The company has closed loans amounting to ₹1.18 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ajay Sankhla and Abhishek Tiwari serve as directors at the Company.
Company Details
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Location
Jaipur, Rajasthan, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U67200RJ2010PTC030778
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Company No.
030778
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
19 Jan 2010
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Jaipur
Industry
Who are the key members and board of directors at Velocity Insurance Broking Services?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajay Sankhla
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Director | 11-Nov-2016 | Current |
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Abhishek Tiwari
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Director | 16-Mar-2016 | Current |
Financial Performance of Velocity Insurance Broking Services.
Velocity Insurance Broking Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 58.33% decrease. The company also saw a substantial fall in profitability, with a 187.8% decrease in profit. The company's net worth dipped by a decrease of 4.27%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Velocity Insurance Broking Services?
In 2023, Velocity Insurance Broking Services had a promoter holding of 99.99% and a public holding of 0.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sureworth Financial Services Private LimitedAbhishek Tiwari is a mutual person
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Iassure Fintech Private LimitedAbhishek Tiwari is a mutual person
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Mdfc Financiers Private LimitedAbhishek Tiwari is a mutual person
Charges (Loans)
₹0
₹0.12 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2014 | Hdfc Bank Limited | ₹1.18 M | Satisfied |
How Many Employees Work at Velocity Insurance Broking Services?
Velocity Insurance Broking Services has a workforce of 9 employees as of Apr 09, 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 Velocity 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 Velocity Insurance Broking Services'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.
