Vrddhi Insurance Broking Services India Private Limited

Provides insurance consulting and broking services, including policy design, claims assistance, and technology platforms.

2017 | Bangalore North, Karnataka (India) | Active
Last Updated: June 17, 2024

Vrddhi Insurance Broking Services India Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.00 M
  • Company Age 7 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.80 M
  • Revenue Growth 22.21%
  • Profit Growth 136.62%
  • Ebitda 201.34%
  • Net Worth 26.47%
  • Total Assets 13.70%

About Vrddhi Insurance Broking Services India

Vrddhi Insurance Broking Services India Private Limited (VIBSIPL) is a Private Limited Indian Non-Government Company incorporated in India on 14 August 2017 (Seven years and five months 19 days old ). Its registered office is in Bangalore North, Karnataka, 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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.00 M.

The company currently has active open charges totaling ₹2.80 M.

Balachandra Hegde and Gajanana Hegde serve as directors at the Company.

Company Details

  • Location

    Bangalore North, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U66020KA2017PTC105533

  • Company No.

    105533

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    14 Aug 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Vrddhi Insurance Broking Services India?

Executive Team (1)

Name Designation Appointment Date Status
Balachandra Hegde Country flag representing In Managing Director 14-Aug-2017 Current

Board Members (1)

Name Designation Appointment Date Status
Gajanana Hegde Country flag representing In Director 19-Jul-2022 Current

Financial Performance of Vrddhi Insurance Broking Services India.

Vrddhi Insurance Broking Services India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.21% increase. The company also saw a substantial improvement in profitability, with a 136.62% increase in profit. The company's net worth Soared by an impressive increase of 26.47%.

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
22.21%
Revenue from Operations
22.11%
Total Assets
13.70%
Profit or Loss
136.62%
Net Worth
26.47%
EBITDA
201.34%

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

In 2023, Vrddhi Insurance Broking Services India 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

₹0.28 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.28 Cr

Latest Charge Details

Date Lender Amount Status
31 Oct 2023 Hdfc Bank Limited ₹2.80 M Open

How Many Employees Work at Vrddhi Insurance Broking Services India?

Unlock and access historical data on people associated with Vrddhi Insurance Broking Services India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vrddhi Insurance Broking Services India, 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 Vrddhi Insurance Broking Services India'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 Vrddhi Insurance Broking Services India

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.28 Cr with Charge ID 100819466 was registered on 31 Oct 2023.

    31 Oct 2023

  • Annual General Meeting

    Vrddhi Insurance Broking Services India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Vrddhi Insurance Broking Services India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Gajanana Balachandra Hegde was appointed as a Director was appointed as a Director on 19 Jul 2022 & has been associated with this company since 2 years 6 months .

    19 Jul 2022

  • Director Appointment

    Balachandra Krishna Hegde was appointed as a Managing Director was appointed as a Managing Director on 14 Aug 2017 & has been associated with this company since 7 years 5 months .

    14 Aug 2017

  • Company Incorporation

    Vrddhi Insurance Broking Services India Private Limited was registered on 14 Aug 2017 with Roc Bangalore & aged 7 years 5 months as per MCA records.

    14 Aug 2017

Frequently asked questions

  • Vrddhi Insurance Broking Services India Private Limited was incorporated on 14 Aug 2017.

  • The authorized share capital of Vrddhi Insurance Broking Services India Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 9.00 M.

  • Currently 2 directors are associated with Vrddhi Insurance Broking Services India Private Limited.

    • Balachandra Krishna Hegde
    • Gajanana Balachandra Hegde
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vrddhi Insurance Broking Services India Private Limited is No. 17 12Th Main Road 1St Block, Rajajinagar Rajajinagar, Bangalore North, Karnataka, India, 560010.

  • The corporate identification number (CIN) of Vrddhi Insurance Broking Services India Private Limited is U66020KA2017PTC105533 and the company number is 105533 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vrddhi Insurance Broking Services India Private Limited is https://www.vrddhibroking.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Vrddhi Insurance Broking Services India Private Limited has risen by 22.21%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Vrddhi Insurance Broking Services India Private Limited has experienced an upsurge of 26.47%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Vrddhi Insurance Broking Services India Private Limited amount to ₹ 2.80 M.

  • The most recent Balance Sheet for Vrddhi Insurance Broking Services India Private Limited was filed with the ROC on 31 Mar 2023.

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