Startup India Government of India
Virtual Galaxy Insurance Brokers Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.24 Cr
▲ 9% YoY
Net profit · FY 2025
₹13.24 Lakh
Net margin 5.9%
EBITDA · FY 2025
₹28.87 Lakh
EBITDA margin 12.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Virtual Galaxy Insurance Brokers Private Limited
Data last updated:
Virtual Galaxy Insurance Brokers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Virtual Galaxy Infotech Private Limited and recognised as a startup by DPIIT. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 19 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U66020KA2020PTC137430. Its GSTIN is 29AAHCV5405C1ZF (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75 Lakh. It is led by directors including Prashant Narayanrao Nimgade and Avinash Narayanrao Shende.
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 No.91/1 First Floor Infantry Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.24 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹13.24 Lakh (net margin 5.9%) and EBITDA of ₹28.87 Lakh (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 124% over three years.
Virtual Galaxy Insurance Brokers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0140257). For more details, the company can be reached via its website simpliinsure.com.
Company details
CIN U66020KA2020PTC137430
Registration Number 137430
Incorporation Date 19 August 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Virtual Galaxy Infotech Private Limited
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0140257
Key People
Prashant Narayanrao Nimgade Director Avinash Narayanrao Shende Director Sachin Purushottam Pande Director Recognitions & Rankings of Virtual Galaxy Insurance Brokers
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0140257
Contact details
Virtual Galaxy Insurance Brokers Private Limited's registered office is in Bangalore, Karnataka. Its website is simpliinsure.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.91/1 First Floor Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Virtual Galaxy Insurance Brokers Private Limited, buy the company report.
Comprehensive company report
Virtual Galaxy Insurance Brokers Private 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 Virtual Galaxy Insurance Brokers is financial and insurance activities. In detail, this covers insurance, reinsurance and pension funding, except compulsory social security.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 65 | Insurance, reinsurance and pension funding, except compulsory social security |
To see the full business activity and turnover split of Virtual Galaxy Insurance Brokers Private Limited, buy the company report.
Financials of Virtual Galaxy Insurance Brokers Private Limited
FY 2025 filings availableVirtual Galaxy Insurance Brokers Private Limited reported revenue of ₹2.24 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹2.24 Cr ▲ 9%
Net profit · FY 2025
₹13.24 Lakh margin 5.9%
EBITDA · FY 2025
₹28.87 Lakh margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 124%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 86%
Revenue has grown at a compounded annual rate (CAGR) of 124% over three years, including 9% growth in the latest year. EBITDA fell 32% 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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| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹28.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 12.9% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Virtual Galaxy Insurance Brokers Private Limited, buy the company report.
Board of directors of Virtual Galaxy Insurance Brokers Private Limited
Virtual Galaxy Insurance Brokers has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Narayanrao Nimgade | Director | 19 Aug 2020 | 6 Years 2 Months | Current |
| Avinash Narayanrao Shende Also directs: Virtual Galaxy Infotech Limited, Anupamtantra Technologies Private Limited, Sip Fund Private Limited and 2 more | Director | 22 Dec 2020 | 5 Years 10 Months | Current |
| Sachin Purushottam Pande Also directs: Virtual Galaxy Infotech Limited, Anupamtantra Technologies Private Limited, Sip Fund Private Limited and 2 more | Director | 22 Dec 2020 | 5 Years 10 Months | Current |
| Tushar Koduji Rahangdale Also directs: Sip Fund Private Limited, Naina's Fine Accessories LLP | Director | 05 Sep 2025 | 1 Years 2 Months | Current |
Auditor
Virtual Galaxy Insurance Brokers Private Limited is audited by LAKSHMAN RAO KALAMDANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAKSHMAN RAO KALAMDANI | FY 2023 | 029143 |
Shareholding
The shareholding of Virtual Galaxy Insurance Brokers Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Virtual Galaxy Insurance Brokers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Virtual Galaxy 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 Virtual Galaxy Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Virtual Galaxy Insurance Brokers Private Limited has 1 active EPFO establishment as of Nov 15, 2026.
Active EPFO establishments
1
GST
Virtual Galaxy Insurance Brokers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCV5405C1ZF | Karnataka | Active | 18 Jul 2021 |
To see the full GST registrations and return filing status of Virtual Galaxy Insurance Brokers Private Limited, buy the company report.
Recent activity
Virtual Galaxy Insurance Brokers Private Limited has 6 board changes on record since 2020: 5 appointments and 1 cessation. The latest: Tushar Koduji Rahangdale was appointed as Director on 05 Sep 2025.
AGM
Virtual Galaxy Insurance Brokers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Tushar Koduji Rahangdale was appointed as Director.
Filing
Virtual Galaxy Insurance Brokers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Naina Prashant Nimgade ceased to be Director.
Appointed
Avinash Narayanrao Shende was appointed as Director.
Appointed
Sachin Purushottam Pande was appointed as Director.
Appointed
Naina Prashant Nimgade was appointed as Director.
Appointed
Prashant Narayanrao Nimgade was appointed as Director.
Incorporation
19 Aug 2020
Virtual Galaxy Insurance Brokers Private Limited was registered on 19 Aug 2020 with Roc Bangalore & aged 6 years 2 months as per MCA records.
Frequently asked questions
Virtual Galaxy Insurance Brokers is an active private limited company based in Bangalore, Karnataka, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 19 August 2020 (6+ years old) and is registered under CIN U66020KA2020PTC137430.
Virtual Galaxy Insurance Brokers has 4 current directors:
- Prashant Narayanrao Nimgade - Director
- Avinash Narayanrao Shende - Director
- Sachin Purushottam Pande - Director
- Tushar Koduji Rahangdale - Director
The latest financial statements of Virtual Galaxy 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 FY 2021 are in the company report.
The GSTIN of Virtual Galaxy Insurance Brokers is 29AAHCV5405C1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Virtual Galaxy Insurance Brokers is U66020KA2020PTC137430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtual Galaxy Insurance Brokers was incorporated on 19 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Tushar Koduji Rahangdale was appointed as Director on 05 Sep 2025. Naina Prashant Nimgade ceased to be Director on 20 Jun 2021. Avinash Narayanrao Shende was appointed as Director on 22 Dec 2020. Virtual Galaxy Insurance Brokers has 6 board changes on record in total.
Yes, Virtual Galaxy Insurance Brokers is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Virtual Galaxy Insurance Brokers is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0140257).
Virtual Galaxy Insurance Brokers can be reached through the website simpliinsure.com. Its registered office is in Bangalore, Karnataka, India.
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