About Amicus Insurance Broking Services Private Limited
Data last updated:
Amicus Insurance Broking Services Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 15 December 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2007PTC176808. Its GSTIN is 27AAHCA1235H1ZY (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹75.6 Lakh. It was formerly known as Amicus Consultancy Services Private Limited. It was led by directors including Jitendranath Nayer (Whole-Time Director) and Ashok Kumar Jain.
Its last annual general meeting (AGM) was held on 24 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.24 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 18.1%) and EBITDA of ₹1.64 Cr (EBITDA margin 26.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 24% over five years.
The company had about 7 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Amicus Insurance. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2013.
The last known website on record is amicusbrokers.com.
Company details
Contact details
Amicus Insurance Broking Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is amicusbrokers.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address301 3 Flr A Wing Fort Chamber Homi Modi X Lane Ambalal Doshi Marg Opp Stock Exchange F, Ort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Amicus Insurance Broking 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
Amicus Insurance Broking Services operates one associated brand: Amicus Insurance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified insurance brokerage services are offered in India. | amicusbrokers.com |
Business activity
The main business activity of Amicus Insurance Broking Services 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 Amicus Insurance Broking Services Private Limited, buy the company report.
Financials of Amicus Insurance Broking Services Private Limited
FY 2021 filings availableAmicus Insurance Broking Services Private Limited reported revenue of ₹6.24 Cr (up 28% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 28% growth in the latest year. EBITDA rose 31% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.24 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.13 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.2% | ||||
| Net Profit Margin | 18.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Amicus Insurance Broking Services Private Limited, buy the company report.
Board of directors of Amicus Insurance Broking Services Private Limited
Amicus Insurance Broking Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Jain | Additional Director | 05 Sep 2021 | 5 Years 1 Months | As last reported |
| Sachin Devichand Jain Also directs: First Policy Insurance Brokers Private Limited | Additional Director | 05 Sep 2021 | 5 Years 1 Months | As last reported |
| Jitendranath Nayer | Whole-Time Director | 15 Dec 2007 | 18 Years 10 Months | As last reported |
Auditor
Amicus Insurance Broking Services Private Limited is audited by M M JHUNJHUNWALA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M JHUNJHUNWALA & ASSOCIATES | FY 2021 | 117186W |
Shareholding
The shareholding of Amicus Insurance Broking Services Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Amicus Insurance Broking Services Private Limited, buy the company report.
Deals & funding
Amicus Insurance Broking Services Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Amicus Insurance Broking Services Private Limited has 1 court case on record: 1 filed by Amicus Insurance Broking Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Dena Bank and 2 Ors and 1 other | Disposed |
To see the full case history of Amicus Insurance Broking 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 Amicus Insurance Broking Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Amicus Insurance Broking Services Private Limited has a workforce of 7 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Amicus Insurance Broking Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA1235H1ZY | Maharashtra | Active | 01 Jul 2017 |
| 32AAHCA1235H1Z7 | Kerala | Active | 13 Jun 2018 |
To see the full GST registrations and return filing status of Amicus Insurance Broking Services Private Limited, buy the company report.
Recent activity
Amicus Insurance Broking Services Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Shobha Vidyasagar Sah ceased to be Managing Director on 06 Sep 2021.
Frequently asked questions
Amicus Insurance Broking Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Amicus Insurance Broking Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in insurance brokerage and advisory, within the financial services industry. It was incorporated on 15 December 2007 and is registered under CIN U74140MH2007PTC176808. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Amicus Insurance Broking Services was incorporated on 15 December 2007. It is registered with the Registrar of Companies, Mumbai.
Amicus Insurance Broking Services had 3 directors:
- Jitendranath Nayer - Whole-Time Director
- Ashok Kumar Jain - Additional Director
- Sachin Devichand Jain - Additional Director
The CIN (Corporate Identification Number) of Amicus Insurance Broking Services is U74140MH2007PTC176808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Amicus Insurance Broking Services is at 301 3 Flr A Wing Fort Chamber Homi Modi X Lane Ambalal Doshi Marg Opp Stock Exchange F, Ort, Mumbai, Maharashtra, India – 400001.
Amicus Insurance Broking Services can be reached through the website amicusbrokers.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Amicus Insurance Broking Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 24 August 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Amicus Insurance Broking Services is 27AAHCA1235H1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAHCA1235H1Z7 (Kerala).
Amicus Insurance Broking Services operated in the financial services industry, in the insurance brokerage and advisory segment.