Axis Insurance Development Limited
About Axis Insurance Development Limited
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Axis Insurance Development Limited is a public limited company based in Hazaribagh, Jharkhand, India. It operates in the life insurance. non life insurance segment of the insurance sector. It was incorporated on 06 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U66010JH2007PLC012957.
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹41 Lakh. It was formerly known as Axis Insurance Development Private Limited. It is led by directors including Upendra Kumar Prasad (Managing Director) and Dineshwar Dangi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jyoti House Ravindra Path Old Bus Stand, Hazaribagh, Jharkhand, India – 825301.
As per the financials filed for FY 2024, the company reported a revenue of ₹50,557, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹3.88 Lakh and EBITDA of -₹2.71 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 26% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressJyoti House Ravindra Path Old Bus Stand, Hazaribagh, Jharkhand, India – 825301
- IndustryInsurance, Life Insurance. Non Life Insurance
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Axis Insurance Development Limited FY 2025 filings available
Axis Insurance Development Limited reported revenue of ₹50,557 (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Axis Insurance Development Limited
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 17% fall in the latest year. EBITDA fell 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Axis Insurance Development Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.88 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Axis Insurance Development Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Axis Insurance Development are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Axis Insurance Development Limited
Axis Insurance Development Limited is compared with the companies closest to it by revenue in the BFSI industry (Insurance Broking Firms). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marwadi Consultancy Private Limited | ₹55,109 (FY 2025) | •••• | •••• | 20.0% | •••• | Rajkot, Gujarat, India |
| Hexagon Topvalue Private Limited | ₹54,617 (FY 2025) | •••• | •••• | 125.0% | •••• | Bangalore, Karnataka, India |
| Glocal Insurance Brokers Private Limited | ₹53,924 (FY 2023) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
| Happylife Insurance Marketing Private Limited | ₹52,732 (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Mymonie Insurance Brokers Private Limited | ₹51,686 (FY 2024) | •••• | •••• | -3.0% | •••• | Vashi, Maharashtra, India |
| Axis Insurance Development Limited this company | ₹50,557 (FY 2024) | •••• | •••• | -17.0% | •••• | Hazaribagh, Jharkhand, India |
| Riskcube Insurance Brokers Private Limited | ₹48,000 (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Akhilagya Insurance Advisory Services Private Limited | ₹47,781 (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Bonanza Insurance Consultants Private Limited | ₹45,000 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| MLM Consulting Private Limited | ₹42,553 (FY 2025) | •••• | •••• | -16.0% | •••• | Kolkata, West Bengal, India |
| Marwadi General Insurance Services Private Limited | ₹33,755 (FY 2025) | •••• | •••• | -1.0% | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Axis Insurance Development by revenue in the BFSI industry (Insurance Broking Firms), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Axis Insurance Development Limited
Axis Insurance Development Limited is audited by JJAIPURIARANDCO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JJAIPURIARANDCO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Axis Insurance Development Limited
Axis Insurance Development has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshwar Dangi | Director | 04 Mar 2008 | 18 Years 7 Months | Current |
| Akhileshwar Prasad Singh Also directs: Oxford Lifestyle Communication Limited | Director | 06 Nov 2007 | 18 Years 11 Months | Current |
| Upendra Kumar Prasad | Managing Director | 06 Nov 2007 | 18 Years 11 Months | Current |
Ownership and Shareholding of Axis Insurance Development Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Axis Insurance Development Limited
Axis Insurance Development Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Axis Insurance Development Limited
Employment history and EPFO contributions of people linked to Axis Insurance Development.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Axis Insurance Development Limited
Axis Insurance Development has one previous CIN (Corporate Identification Number): U66010JH2007PTC012957. The current CIN is U66010JH2007PLC012957, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66010JH2007PLC012957 | Current |
| U66010JH2007PTC012957 | Previous |
Recent Activity on Axis Insurance Development Limited
Axis Insurance Development Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Mahadeo Rajak ceased to be Director on 26 Feb 2014.
Credit Ratings, Litigation & Regulatory Alerts for Axis Insurance Development Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Axis Insurance Development Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Axis Insurance Development Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Axis Insurance Development Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Axis Insurance Development Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Axis Insurance Development Limited
Axis Insurance Development is an active public limited company based in Hazaribagh, Jharkhand, India. The company works in life insurance. non life insurance, within the insurance industry. It was incorporated on 06 November 2007 (19+ years old) and is registered under CIN U66010JH2007PLC012957.
Axis Insurance Development reported revenue of ₹50,557 for FY 2024 (down 17% YoY).
Axis Insurance Development has 3 current directors:
- Upendra Kumar Prasad - Managing Director
- Dineshwar Dangi - Director
- Akhileshwar Prasad Singh - Director
Axis Insurance Development reported a net loss of ₹3.88 Lakh and EBITDA of -₹2.71 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Axis Insurance Development is -41% over three years and -26% over five years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Axis Insurance Development is U66010JH2007PLC012957. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axis Insurance Development was incorporated on 06 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ranchi.
The peers of Axis Insurance Development by revenue are Marwadi Consultancy Private Limited, Hexagon Topvalue Private Limited, Glocal Insurance Brokers Private Limited, Happylife Insurance Marketing Private Limited, Mymonie Insurance Brokers Private Limited and 5 more, all in the BFSI industry (Insurance Broking Firms).
Mahadeo Rajak ceased to be Director on 26 Feb 2014. Dineshwar Dangi was appointed as Director on 04 Mar 2008. Musafir Dangi ceased to be Director on 04 Mar 2008. Axis Insurance Development has 5 board changes on record in total.
The registered office of Axis Insurance Development is at Jyoti House Ravindra Path Old Bus Stand, Hazaribagh, Jharkhand, India – 825301.
Axis Insurance Development has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹41 Lakh.