MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0161256
Instassure Insurance Solutions Limited
Instassure Insurance Solutions Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.39 Cr
▲ 120% YoY
Net profit · FY 2024
₹7.93 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹25.89 Lakh
EBITDA margin 5.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Instassure Insurance Solutions Limited
Data last updated:
Instassure Insurance Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general insurance providers segment of the financial services sector. It was incorporated on 04 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66000MH2020PLC349396. Its GSTIN is 27AAFCI8862A1ZJ (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It was formerly known as Instassure Business Solutions Limited. It is led by directors including Pankaj Kumar Singh and Joshana Jay Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.39 Cr, a growth of 120% compared to the previous year. For the same year it recorded a net profit of ₹7.93 Lakh (net margin 1.8%) and EBITDA of ₹25.89 Lakh (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 692% over three years.
Instassure Insurance Solutions Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0161256).
Company details
CIN U66000MH2020PLC349396
Registration Number 349396
Incorporation Date 04 November 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0161256
CIN history
Instassure Insurance Solutions has one previous CIN (Corporate Identification Number): U67120MH2020PLC349396. The current CIN is U66000MH2020PLC349396, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66000MH2020PLC349396 | Current |
| U67120MH2020PLC349396 | Previous |
Key People
Pankaj Kumar Singh Director Joshana Jay Jain Director Mrugesh Bhaskarbhai Devashrayi Director Recognitions & Rankings of Instassure Insurance Solutions
Contact details
Instassure Insurance Solutions Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Thakur House Ashok Nagar, Chakravati Ashok Road Kandivali – East, Mumbai, Maharashtra, India – 400101
- IndustryFinancial Services, General Insurance Providers
To see the full contact details of Instassure Insurance Solutions Limited, buy the company report.
Comprehensive company report
Instassure Insurance Solutions Limited - one report that includes everything
- 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
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Business activity
The main business activity of Instassure Insurance Solutions is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Instassure Insurance Solutions Limited, buy the company report.
Financials of Instassure Insurance Solutions Limited
FY 2024 filings availableInstassure Insurance Solutions Limited reported revenue of ₹4.39 Cr (up 120% YoY) for FY 2024.
Revenue · FY 2024
₹4.39 Cr ▲ 120%
Net profit · FY 2024
₹7.93 Lakh margin 1.8%
EBITDA · FY 2024
₹25.89 Lakh margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 120%
3 years · compounded
▲ 692%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 513%
Revenue has grown at a compounded annual rate (CAGR) of 692% over three years, including 120% growth in the latest year. EBITDA fell 9% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹25.89 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹7.93 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.9% | |||
| Net Profit Margin | 1.8% | |||
| 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 | ||||
To see the full financial statements and ratios of Instassure Insurance Solutions Limited, buy the company report.
Board of directors of Instassure Insurance Solutions Limited
Instassure Insurance Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Singh | Director | 04 Nov 2020 | 5 Years 11 Months | Current |
| Joshana Jay Jain | Director | 01 Dec 2023 | 2 Years 11 Months | Current |
| Mrugesh Bhaskarbhai Devashrayi | Director | 01 Aug 2023 | 3 Years 3 Months | Current |
Auditor
Instassure Insurance Solutions Limited is audited by H L JAIN & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H L JAIN & ASSOCIATES | FY 2021 | 141075W |
Shareholding
The shareholding of Instassure Insurance Solutions Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Instassure Insurance Solutions Limited, buy the company report.
Legal cases
No court or tribunal cases involving Instassure Insurance Solutions Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Instassure Insurance Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Instassure Insurance Solutions Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Instassure Insurance Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI8862A1ZJ | Maharashtra | Active | 12 Apr 2021 |
To see the full GST registrations and return filing status of Instassure Insurance Solutions Limited, buy the company report.
Recent activity
Instassure Insurance Solutions Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Puneet Chopra ceased to be Director on 01 Oct 2024.
Ceased
Puneet Chopra ceased to be Director.
AGM
Instassure Insurance Solutions Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Instassure Insurance Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Mrugesh Bhaskarbhai Devashrayi ceased to be Additional Director.
Appointed
Joshana Jay Jain was appointed as Director.
Ceased
Rajneesh Kumar ceased to be Director.
Appointed
Mrugesh Bhaskarbhai Devashrayi was appointed as Director.
Appointed
Pankaj Kumar Singh was appointed as Director.
Incorporation
04 Nov 2020
Instassure Insurance Solutions Limited was registered on 04 Nov 2020 with Roc Mumbai & aged 5 years 11 months as per MCA records.
Frequently asked questions
Instassure Insurance Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in general insurance providers, within the financial services industry. It was incorporated on 04 November 2020 (6+ years old) and is registered under CIN U66000MH2020PLC349396.
Instassure Insurance Solutions has 3 current directors:
- Pankaj Kumar Singh - Director
- Joshana Jay Jain - Director
- Mrugesh Bhaskarbhai Devashrayi - Director
The latest financial statements of Instassure Insurance Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Instassure Insurance Solutions is 27AAFCI8862A1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Instassure Insurance Solutions is U66000MH2020PLC349396. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Instassure Insurance Solutions was incorporated on 04 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Puneet Chopra ceased to be Director on 01 Oct 2024. Mrugesh Bhaskarbhai Devashrayi ceased to be Additional Director on 22 Dec 2023. Joshana Jay Jain was appointed as Director on 01 Dec 2023. Instassure Insurance Solutions has 6 board changes on record in total.
Yes, Instassure Insurance Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0161256).
The registered office of Instassure Insurance Solutions is at 2nd Floor Thakur House Ashok Nagar, Chakravati Ashok Road Kandivali – East, Mumbai, Maharashtra, India – 400101.
Instassure Insurance Solutions operates in the financial services industry, in the general insurance providers segment.
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