About Samay Insurance Brokers Private Limited
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Samay Insurance Brokers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general insurance providers segment of the financial services sector. It was incorporated on 11 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67200MH2010PTC204023. Its GSTIN is 27AAOCS3984Q1Z6 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors Hiren Chhabildas Vakharia and Susanta Mohapatra.
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 Office No. 525 5th Floor Ijmima Complex, Off Link Road Malad (West) Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.65 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.23 Lakh (net margin 0.6%) and EBITDA of ₹6.13 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 643% over three years and 56% over five years.
The company is associated with 1 brand: Samay Insurance Brokers. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹49 Lakh; the latest was in November 2021. Its 3 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, 1 larger and 2 smaller; the largest is Credmart Services Private Limited with revenue of ₹3.73 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 samayinsurance.com.
Company details
Contact details
Samay Insurance Brokers Private Limited's registered office is in Mumbai, Maharashtra. Its website is samayinsurance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 525 5th Floor Ijmima Complex, Off Link Road Malad (West) Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, General Insurance Providers
To see the full contact details of Samay Insurance Brokers 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
Samay Insurance Brokers operates one associated brand: Samay Insurance Brokers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of health and general insurance brokerage services | samayinsurance.com |
Business activity
The main business activity of Samay 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 Samay Insurance Brokers Private Limited, buy the company report.
Financials of Samay Insurance Brokers Private Limited
FY 2024 filings availableSamay Insurance Brokers Private Limited reported revenue of ₹3.65 Cr (up 165% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 165% growth in the latest year. EBITDA rose 301% 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 | ₹6.13 Lakh | ||||
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| Net Profit (PAT) | ₹2.23 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Samay Insurance Brokers Private Limited, buy the company report.
Board of directors of Samay Insurance Brokers Private Limited
Samay Insurance Brokers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiren Chhabildas Vakharia | Director | 06 Aug 2022 | 4 Years 3 Months | Current |
| Susanta Mohapatra | Director | 02 Feb 2023 | 3 Years 9 Months | Current |
Peer comparison
Samay Insurance Brokers Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Credmart Services Private Limited | ₹3.73 Cr (FY 2024) | 40.0% | Noida, Uttar Pradesh, India | |||
| Samay Insurance Brokers Private Limitedthis company | ₹3.65 Cr (FY 2025) | ₹2.23 Lakh | 0.6% | 165.0% | Mumbai, Maharashtra, India | |
| Right Horizons Insurance Broking Services Private Limited | ₹3.59 Cr (FY 2025) | 61.0% | Bangalore, Karnataka, India | |||
| Hii Insurance Broking Services Private Limited | ₹3.57 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Samay Insurance Brokers Private Limited, buy the company report.
Auditor
Samay Insurance Brokers Private Limited is audited by VIVEK KHANDOR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEK KHANDOR & ASSOCIATES | FY 2023 | 133055W |
Shareholding
The shareholding of Samay Insurance Brokers 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Samay Insurance Brokers Private Limited, buy the company report.
Deals & funding
Samay Insurance Brokers Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹49 Lakh; the latest was in November 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Rights issue | ₹25 Lakh | Investors: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2015 | Rights issue | ₹50 Lakh | Investors: 4 individuals |
| Aug 2010 | Funding round | ₹49 Lakh | Investors: 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 Samay Insurance Brokers Private 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 Samay Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Samay Insurance Brokers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS3984Q1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Samay Insurance Brokers Private Limited, buy the company report.
Recent activity
Samay Insurance Brokers Private Limited has 7 board changes on record since 2021: 2 appointments and 5 cessations. The latest: Hiren Chhabildas Vakharia ceased to be Additional Director on 09 Nov 2024.
Frequently asked questions
Samay Insurance Brokers is an active private limited company based in Mumbai, Maharashtra, India. The company works in general insurance providers, within the financial services industry. It was incorporated on 11 June 2010 (16+ years old) and is registered under CIN U67200MH2010PTC204023.
Samay Insurance Brokers has 2 current directors:
- Hiren Chhabildas Vakharia - Director
- Susanta Mohapatra - Director
The latest financial statements of Samay Insurance Brokers 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 Samay Insurance Brokers is 27AAOCS3984Q1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Samay Insurance Brokers is U67200MH2010PTC204023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samay Insurance Brokers was incorporated on 11 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Samay Insurance Brokers has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹49 Lakh; the latest was in November 2021.
The peers of Samay Insurance Brokers by revenue are Credmart Services Private Limited, Right Horizons Insurance Broking Services Private Limited, Hii Insurance Broking Services Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Hiren Chhabildas Vakharia ceased to be Additional Director on 09 Nov 2024. Sandeep Jasvantlal Shah ceased to be Director on 01 Oct 2024. Susanta Mohapatra ceased to be Additional Director on 29 Sep 2023. Samay Insurance Brokers has 7 board changes on record in total.
Samay Insurance Brokers can be reached through the website samayinsurance.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Samay Insurance Brokers is at Office No. 525 5th Floor Ijmima Complex, Off Link Road Malad West Mumbai, Maharashtra, India – 400064.
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