About Way2wealth Insurance Brokers Private Limited
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Way2wealth Insurance Brokers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Shriram Capital Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 27 May 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U66010KA2003PTC032003. Its GSTIN is 29AABCT8657Q1ZA (Karnataka). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Total Insurance Brokers Private Limited and Total Insurance Solutions Private Limited. It is led by directors including Venkatesh Nagaraj Badithe and Sundaraseelan Philip Samuel.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.2 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹1.13 Cr (net margin -6.2%) and EBITDA of -₹43.15 Lakh (EBITDA margin -2.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 24% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: InsureCorrect and Way2Wealth. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in November 2020. 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 Fa Premium Insurance Broking Private Limited with revenue of ₹18.82 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 way2wealth.com.
Company details
Name history
Way2wealth Insurance Brokers has undergone 2 name changes throughout its history. The company was previously known as Total Insurance Brokers Private Limited, and Total Insurance Solutions Private Limited. The current legal name is Way2Wealth Insurance Brokers Private Limited.
| Company Name | Status |
|---|---|
| Way2wealth Insurance Brokers Private Limited | Current |
| Total Insurance Brokers Private Limited | Previous |
| Total Insurance Solutions Private Limited | Previous |
Contact details
Way2wealth Insurance Brokers Private Limited's registered office is in Bangalore, Karnataka. Its website is way2wealth.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRukmini Towers 2nd Floor, 3/1 Platform Road, Bangalore, Karnataka, India – 560020
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Way2wealth 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
Way2wealth Insurance Brokers operates two associated brands: InsureCorrect and Way2Wealth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a platform for comparing various insurance products. | insurecorrect.com | |
| Stock broking and trading in equities, commodities, currencies are managed. | way2wealth.com |
Business activity
The main business activity of Way2wealth 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 Way2wealth Insurance Brokers Private Limited, buy the company report.
Financials of Way2wealth Insurance Brokers Private Limited
FY 2025 filings availableWay2wealth Insurance Brokers Private Limited reported revenue of ₹18.2 Cr (up 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 41% growth in the latest year. EBITDA rose 28% 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 | FY 2019-20 |
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| EBITDA | -₹43.15 Lakh | ||||
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| Net Profit (PAT) | -₹1.13 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | ||||
| Net Profit Margin | -6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Way2wealth Insurance Brokers Private Limited, buy the company report.
Board of directors of Way2wealth Insurance Brokers Private Limited
Way2wealth Insurance Brokers has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Nagaraj Badithe | Director | 23 Nov 2007 | 18 Years 11 Months | Current |
| Sundaraseelan Philip Samuel | Additional Director | 15 Jul 2025 | 1 Years 3 Months | Current |
| Narayan Mohan Raj Also directs: Shriram DTH Private Limited, Road Safety Club Private Limited | Additional Director | 11 Nov 2025 | 1 Years 0 Months | Current |
| Lakshmi Narasimhan Subrahmaniannaganathan Also directs: Shriram DTH Private Limited | Additional Director | 11 Nov 2025 | 1 Years 0 Months | Current |
Peer comparison
Way2wealth Insurance Brokers Private 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 |
|---|---|---|---|---|---|---|
| Fa Premium Insurance Broking Private Limited | ₹18.82 Cr (FY 2024) | 209.0% | Chennai, Tamil Nadu, India | |||
| Iva Insurance Broking Private Limited | ₹18.76 Cr (FY 2025) | 61.0% | Chennai, Tamil Nadu, India | |||
| Unilight Insurance Brokers Private Limited | ₹18.51 Cr (FY 2022) | 58.0% | Mumbai, Maharashtra, India | |||
| Way2wealth Insurance Brokers Private Limitedthis company | ₹18.2 Cr (FY 2024) | -₹1.13 Cr | -6.2% | 41.0% | 48 | Bangalore, Karnataka, India |
| Securenow Insurance Broker Private Limited | ₹18.06 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Astha Insurance Services Private Limited | ₹16.61 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Way2wealth Insurance Brokers Private Limited, buy the company report.
Auditor
Way2wealth Insurance Brokers Private Limited is audited by PIJUSH GUPTA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PIJUSH GUPTA & CO | FY 2022 | 309015E |
Shareholding
The shareholding of Way2wealth Insurance Brokers Private 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 Way2wealth Insurance Brokers Private Limited, buy the company report.
Deals & funding
Way2wealth Insurance Brokers Private Limited has 1 deal on record (1 secondary share transfer); the latest was in November 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Shriram Credit Company Limited Seller: Coffee Day Enterprises Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Way2wealth Insurance Brokers Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
To see the full case history of Way2wealth Insurance Brokers 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 Way2wealth Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Way2wealth Insurance Brokers Private Limited has a workforce of 48 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 48 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Way2wealth Insurance Brokers Private Limited, buy the company report.
GST
Way2wealth Insurance Brokers has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT8657Q1ZA | Karnataka | Active | 01 Jul 2017 |
| 22AABCT8657Q1ZO | Chattisgarh | Active | 01 Jul 2017 |
| 36AABCT8657Q1ZF | Telangana | Active | 13 Dec 2017 |
| 33AABCT8657Q1ZL | Tamil Nadu | Active | 26 Dec 2017 |
To see the full GST registrations and return filing status of Way2wealth Insurance Brokers Private Limited, buy the company report.
Recent activity
Way2wealth Insurance Brokers Private Limited has 14 board changes on record since 2007: 6 appointments and 8 cessations. The latest: Lakshmi Narasimhan Subrahmaniannaganathan was appointed as Additional Director on 11 Nov 2025.
5 earlier events are in the company report.
Frequently asked questions
Way2wealth 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 27 May 2003 (23+ years old) and is registered under CIN U66010KA2003PTC032003.
Way2wealth Insurance Brokers has 4 current directors:
- Venkatesh Nagaraj Badithe - Director
- Sundaraseelan Philip Samuel - Additional Director
- Narayan Mohan Raj - Additional Director
- Lakshmi Narasimhan Subrahmaniannaganathan - Additional Director
The latest financial statements of Way2wealth 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 Way2wealth Insurance Brokers is 29AABCT8657Q1ZA, registered in Karnataka. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 22AABCT8657Q1ZO (Chattisgarh), 36AABCT8657Q1ZF (Telangana), 33AABCT8657Q1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Way2wealth Insurance Brokers is U66010KA2003PTC032003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Way2wealth Insurance Brokers has 1 court case on record: 1 filed against it. 1 is pending.
Way2wealth Insurance Brokers was incorporated on 27 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Way2wealth Insurance Brokers has 1 deal on record (1 secondary share transfer); the latest was in November 2020.
The peers of Way2wealth Insurance Brokers by revenue are Fa Premium Insurance Broking Private Limited, Iva Insurance Broking Private Limited, Unilight Insurance Brokers Private Limited, Securenow Insurance Broker Private Limited, Astha Insurance Services Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Lakshmi Narasimhan Subrahmaniannaganathan was appointed as Additional Director on 11 Nov 2025. Narayan Mohan Raj was appointed as Additional Director on 11 Nov 2025. Kishore Harishchandra Hegde was appointed as Additional Director on 15 Jul 2025. Way2wealth Insurance Brokers has 14 board changes on record in total.
Way2wealth Insurance Brokers can be reached through the website way2wealth.com. Its registered office is in Bangalore, Karnataka, India.
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