About Master Insurance Brokers Limited
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Master Insurance Brokers Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Master Trust Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 08 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17219PB1995PLC017006. Its GSTIN is 03AABCM1078J1ZO (Punjab). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It was formerly known as Master Commodity Brokers Limited. It is led by directors including Darshanjit Singh Minocha (Whole-Time Director) and Harinder Singh.
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 Master Chambers 19 Feroze Gandhi Market Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.07 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Cr (net margin 37.8%) and EBITDA of ₹2.1 Cr (EBITDA margin 51.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company has 5 deals on record (5 secondary share transfers); the latest was in September 2015. Its 5 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, 3 larger and 2 smaller; the largest is Logic Insurance Brokers Private Limited with revenue of ₹4.1 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 mastertrust.co.in.
Company details
Name history
Master Insurance Brokers has undergone 2 name changes throughout its history. The company was previously known as Master Insurance Brokers Limited., and Master Commodity Brokers Limited. The current legal name is Master Insurance Brokers Limited.
| Company Name | Status |
|---|---|
| Master Insurance Brokers Limited | Current |
| Master Insurance Brokers Limited. | Previous |
| Master Commodity Brokers Limited | Previous |
CIN history
Master Insurance Brokers has one previous CIN (Corporate Identification Number): L17219PB1995PLC017006. The current CIN is U17219PB1995PLC017006, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17219PB1995PLC017006 | Current |
| L17219PB1995PLC017006 | Previous |
Contact details
Master Insurance Brokers Limited's registered office is in Ludhiana, Punjab. Its website is mastertrust.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMaster Chambers 19 Feroze Gandhi Market Ludhiana, Punjab, India – 141001
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Master Insurance Brokers 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
Business activity
The main business activity of Master Insurance Brokers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Master Insurance Brokers Limited, buy the company report.
Financials of Master Insurance Brokers Limited
FY 2025 filings availableMaster Insurance Brokers Limited reported revenue of ₹4.07 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 8% growth in the latest year. EBITDA rose 24% 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 | ₹2.1 Cr | ||||
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| Net Profit (PAT) | ₹1.54 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 | 51.5% | ||||
| Net Profit Margin | 37.8% | ||||
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To see the full financial statements and ratios of Master Insurance Brokers Limited, buy the company report.
Board of directors of Master Insurance Brokers Limited
Master Insurance Brokers has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harinder Singh Also directs: H.K.Arora Real Estate Services Private Limited, Master Commodity Services Limited, Master Capital Services Limited and 2 more | Director | 07 Apr 2004 | 22 Years 6 Months | Current |
| Gurmeet Singh Chawla Also directs: Master Trust Limited, Master Portfolio Services Limited, Master Commodity Services Limited and 3 more | Director | 07 May 2004 | 22 Years 5 Months | Current |
| Pavan Kumar Chhabra | Director | 07 May 2004 | 22 Years 5 Months | Current |
| Harjeet Singh Arora Also directs: Master Trust Limited, Master Projects Private Ltd, Eminent Buildwell Private Limited and 5 more | Director | 05 Apr 2004 | 22 Years 6 Months | Current |
| Rajinder Kumar Singhania Also directs: Master Trust Limited, Master Projects Private Ltd, Mastertrust Wealth Private Limited and 5 more | Director | 05 Apr 2004 | 22 Years 6 Months | Current |
| Darshanjit Singh Minocha | Whole-Time Director | 28 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Master Insurance Brokers Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Logic Insurance Brokers Private Limited | ₹4.1 Cr (FY 2024) | 96.0% | Delhi, India | |||
| Raintree Insurance Broking Private Limited | ₹4.1 Cr (FY 2024) | 74.0% | Ahmedabad, Gujarat, India | |||
| Pragmatic Insurance Broking Services Private Limited | ₹4.08 Cr (FY 2024) | -8.0% | Hyderabad, Telangana, India | |||
| Master Insurance Brokers Limitedthis company | ₹4.07 Cr (FY 2025) | ₹1.54 Cr | 37.8% | 8.0% | 3 | Ludhiana, Punjab, India |
| Mankad and Associates Insurance Broking Private Limited | ₹4.02 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Supremacy Insurance Brokers Private Limited | ₹4 Cr (FY 2025) | 1177.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Master Insurance Brokers Limited, buy the company report.
Auditor
Master Insurance Brokers Limited is audited by GARY JAIN & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARY JAIN & ASSOCIATES | FY 2022 | 0304073N |
Shareholding
The shareholding of Master Insurance Brokers Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Master Insurance Brokers Limited, buy the company report.
Deals & funding
Master Insurance Brokers Limited has 5 deals on record (5 secondary share transfers); the latest was in September 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Master Capital Services Limited Seller: 2 individuals |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Master Capital Services Limited, an individual Seller: Master Trust Limited , an individual |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Master Trust Limited Seller: Bhagyashree Leasing and Finance Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Master Insurance Brokers 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 Master Insurance Brokers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Master Insurance Brokers Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Master Insurance Brokers has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCM1078J1ZO | Punjab | Active | 01 Jul 2017 |
| 04AABCM1078J2ZL | Chandigarh | Active | 01 Jul 2017 |
| 07AABCM1078J2ZF | Delhi | Active | 04 Jul 2017 |
To see the full GST registrations and return filing status of Master Insurance Brokers Limited, buy the company report.
Recent activity
Master Insurance Brokers Limited has 7 board changes on record since 2004: 6 appointments and 1 cessation. The latest: Darshanjit Singh Minocha ceased to be Additional Director on 25 Sep 2021.
News
Frequently asked questions
Master Insurance Brokers is an active public limited company based in Ludhiana, Punjab, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 08 September 1995 (31+ years old) and is registered under CIN U17219PB1995PLC017006.
Master Insurance Brokers has 6 current directors:
- Darshanjit Singh Minocha - Whole-Time Director
- Harinder Singh - Director
- Gurmeet Singh Chawla - Director
- Pavan Kumar Chhabra - Director
- Harjeet Singh Arora - Director
- Rajinder Kumar Singhania - Director
The latest financial statements of Master Insurance Brokers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Master Insurance Brokers is 03AABCM1078J1ZO, registered in Punjab. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 04AABCM1078J2ZL (Chandigarh), 07AABCM1078J2ZF (Delhi).
The CIN (Corporate Identification Number) of Master Insurance Brokers is U17219PB1995PLC017006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Master Insurance Brokers was incorporated on 08 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Master Insurance Brokers has 5 deals on record (5 secondary share transfers); the latest was in September 2015.
The peers of Master Insurance Brokers by revenue are Logic Insurance Brokers Private Limited, Raintree Insurance Broking Private Limited, Pragmatic Insurance Broking Services Private Limited, Mankad and Associates Insurance Broking Private Limited, Supremacy Insurance Brokers Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Darshanjit Singh Minocha ceased to be Additional Director on 25 Sep 2021. Darshanjit Singh Minocha was appointed as Whole-Time Director on 28 Jun 2021. Gurmeet Singh Chawla was appointed as Director on 07 May 2004. Master Insurance Brokers has 7 board changes on record in total.
Master Insurance Brokers can be reached through the website mastertrust.co.in. Its registered office is in Ludhiana, Punjab, India.
The registered office of Master Insurance Brokers is at Master Chambers 19 Feroze Gandhi Market Ludhiana, Punjab, India – 141001.
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