About JLT Independent Consultancy Services Private Limited
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JLT Independent Consultancy Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Jlt Asia Holdings B.V.. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 27 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2003PTC143312. Its GSTIN is 27AABCI2186B1ZW (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.82 Cr. It was formerly known as Independent Insurance Brokers Private Limited and Independent Insurance Services Private Limited. It is led by directors Ashish Nandkishore Rathi and Jayenthy Rodrigues.
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 Smartworks Times Square Coworking Location 5th Floor Tower C Time Square Building, Andheri Kurla Road Marol Andheri East Mumbai 400059, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.53 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹3.09 Cr (net margin 87.5%) and EBITDA of ₹3.28 Cr (EBITDA margin 92.8%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 42% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: JLT Independent Insurance Brokers. Court records list 5 cases involving the company, including 5 filed against it. The company has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹49.32 Cr; the latest was in October 2019. Its 9 peer companies in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 4 larger and 5 smaller; the largest is LMV Insurance Broking Services Private Limited with revenue of ₹3.59 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jltindependent.com.
Company details
Name history
JLT Independent Consultancy Services has undergone 3 name changes throughout its history. The company was previously known as Independent Insurance Brokers Private Limited, Independent Insurance Services Private Limited, and Jlt Independent Insurance Brokers Private Limited. The current legal name is Jlt Independent Consultancy Services Private Limited.
| Company Name | Status |
|---|---|
| JLT Independent Consultancy Services Private Limited | Current |
| Independent Insurance Brokers Private Limited | Previous |
| Independent Insurance Services Private Limited | Previous |
| Jlt Independent Insurance Brokers Private Limited | Previous |
CIN history
JLT Independent Consultancy Services has one previous CIN (Corporate Identification Number): U67200MH2003PTC143312. The current CIN is U74110MH2003PTC143312, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2003PTC143312 | Current |
| U67200MH2003PTC143312 | Previous |
Contact details
JLT Independent Consultancy Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is jltindependent.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSmartworks Times Square Coworking Location 5th Floor Tower C Time Square Building, Andheri Kurla Road Marol Andheri East Mumbai 400059, Maharashtra, India – 400059
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of JLT Independent Consultancy Services Private Limited, buy the company report.
- 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
Brands
JLT Independent Consultancy Services operates one associated brand: JLT Independent Insurance Brokers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online content on automotive, finance, and health topics is provided. | jltindependent.com |
Financials of JLT Independent Consultancy Services Private Limited
FY 2024 filings availableJLT Independent Consultancy Services Private Limited reported revenue of ₹3.53 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 42%. EBITDA rose 16% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.28 Cr | ||||
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| Net Profit (PAT) | ₹3.09 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.8% | ||||
| Net Profit Margin | 87.5% | ||||
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To see the full financial statements and ratios of JLT Independent Consultancy Services Private Limited, buy the company report.
Board of directors of JLT Independent Consultancy Services Private Limited
JLT Independent Consultancy Services has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Nandkishore Rathi | Director | 15 May 2020 | 6 Years 5 Months | Current |
| Jayenthy Rodrigues | Director | 28 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
JLT Independent Consultancy Services Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LMV Insurance Broking Services Private Limited | ₹3.59 Cr (FY 2024) | 86.0% | Hyderabad, Telangana, India | |||
| Hii Insurance Broking Services Private Limited | ₹3.57 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Atelier Insurance Broking Private Limited | ₹3.55 Cr (FY 2025) | 20.0% | Jaipur, Rajasthan, India | |||
| Anzen Insurance Broking Private Limited | ₹3.55 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| JLT Independent Consultancy Services Private Limitedthis company | ₹3.53 Cr (FY 2025) | ₹3.09 Cr | 87.5% | 10.0% | 1 | Mumbai, Maharashtra, India |
| Review Insurance Brokers Private Limited | ₹3.5 Cr (FY 2025) | 26.0% | Thane, Maharashtra, India | |||
| Insugo Insurance Brokers Private Limited | ₹3.49 Cr (FY 2024) | 81.0% | Hyderabad, Telangana, India | |||
| Leads Insurance Brokers Private Limited | ₹3.48 Cr (FY 2024) | 45.0% | Noida, Uttar Pradesh, India | |||
| Tower Insurance & Reinsurance Brokers (India) Private Limited | ₹3.47 Cr (FY 2025) | -18.0% | Mumbai, Maharashtra, India | |||
| RMS Arc Insurance Brokers Private Limited | ₹3.45 Cr (FY 2025) | 1.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of JLT Independent Consultancy Services Private Limited, buy the company report.
Auditor
JLT Independent Consultancy Services Private Limited is audited by B S R & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of JLT Independent Consultancy Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of JLT Independent Consultancy Services Private Limited, buy the company report.
Deals & funding
JLT Independent Consultancy Services Private Limited has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹49.32 Cr; the latest was in October 2019.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Acquisition | Undisclosed | Buyer: Marsh India Insurance Brokers Private Limited. |
| Oct 2016 | Acquisition | Undisclosed | Buyer: Marsh Mclennan Global Services India Private Limited Seller: Sunidhi Securities & Finance Limited |
| Oct 2016 | Funding round | ₹26 Cr | Investors: JLT Asia Holdings B.V |
| Dec 2015 | Funding round | ₹5.46 Cr | Investors: Sunidhi Securities & Finance Limited , JLT Asia Holdings B.V |
To see the full deal history of JLT Independent Consultancy Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
JLT Independent Consultancy Services Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 0 |
Cases on record (2 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by Omkar Clean Energy Services Pvt Ltd | Disposed |
| Madras High Court | Appeal | Filed against the company by Omkar Clean Energy Services Pvt Ltd | Disposed |
To see the full case history of JLT Independent Consultancy Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for JLT Independent Consultancy Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
JLT Independent Consultancy Services Private Limited has a workforce of 1 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
JLT Independent Consultancy Services has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2186B1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of JLT Independent Consultancy Services Private Limited, buy the company report.
Recent activity
JLT Independent Consultancy Services Private Limited has 19 board changes on record since 2007: 2 appointments and 17 cessations. The latest: Mohit Agarwal ceased to be Ceo(Kmp) on 21 Dec 2020.
10 earlier events are in the company report.
Frequently asked questions
JLT Independent Consultancy Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 27 November 2003 (23+ years old) and is registered under CIN U74110MH2003PTC143312.
JLT Independent Consultancy Services has 2 current directors:
- Ashish Nandkishore Rathi - Director
- Jayenthy Rodrigues - Director
The latest financial statements of JLT Independent Consultancy Services 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 2015 are in the company report.
The GSTIN of JLT Independent Consultancy Services is 27AABCI2186B1ZW, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of JLT Independent Consultancy Services is U74110MH2003PTC143312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JLT Independent Consultancy Services has 5 court cases on record: 5 filed against it.
JLT Independent Consultancy Services was incorporated on 27 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
JLT Independent Consultancy Services has 5 deals on record (3 funding rounds, 2 acquisitions), with disclosed funding of ₹49.32 Cr; the latest was in October 2019.
The peers of JLT Independent Consultancy Services by revenue are LMV Insurance Broking Services Private Limited, Hii Insurance Broking Services Private Limited, Atelier Insurance Broking Private Limited, Anzen Insurance Broking Private Limited, Review Insurance Brokers Private Limited and 4 more, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Mohit Agarwal ceased to be Ceo(Kmp) on 21 Dec 2020. Jayenthy Rodrigues ceased to be Additional Director on 18 Dec 2020. Viswanathan Balamurugan ceased to be Director on 03 Dec 2020. JLT Independent Consultancy Services has 19 board changes on record in total.
JLT Independent Consultancy Services can be reached through the website jltindependent.com. Its registered office is in Mumbai, Maharashtra, India.
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