About 99banking
99banking was a Financial Services company based in Nanjing (China) founded in 2015. It provides mutual insurance services for cars. It operates on a B2C model. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. The company is recorded as dissolved. Its focus areas include Insurance, Auto Insurance, Mutual Insurance and Vehicle Coverage. Its competitors include Duanrong, Beijing Yi Chong Technology, P2phx, Chenengdai and Limit Tech and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
99banking operates with a B2C model, focusing on offering insurance products, auto insurance, mutual insurance, and vehicle coverage. Provides mutual insurance services for cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Nanjing, China
- SectorsFinancial Services
- Website 99banking.com
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
Associated legal entities of 99banking
99banking operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | – | 11 | View details |
Board of directors of Ing Vysya Bank Limited (99banking)
Ing Vysya Bank Limited is the primary company behind 99banking. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 3 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 10 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
Financials of 99banking
Figures of Ing Vysya Bank Limited, the primary company behind 99banking, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for 99banking
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Competitors of 99banking
99banking has 9 listed competitors in our database, 6 of them funded. They include Duanrong, Beijing Yi Chong Technology, P2phx, Chenengdai and Limit Tech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| duanrong.com | 2014 | Beijing, China | $113.93M | – | Consumer loans are provided via an online P2P lending platform. | |
| etoppaas.com | 2008 | Haidian, China | $7.7M | – | Cloud-driven quoting solutions are offered for auto insurance. | |
| p2phx.com | 2013 | Guangzhou, China | $16.6M | – | Operates a peer-to-peer lending platform specialized in car loans. | |
| chenengdai.com | 2014 | Ningbo, China | $1.85M | – | Operates an online P2P lending platform focused on automobile loans. | |
| limit-tech.com | 2016 | Beijing, China | $820,000 | – | A peer-to-peer insurance platform connecting users for shared risk management. | |
| zhonglijinrong.cn | 2015 | Beijing, China | $4.5M | – | A peer-to-peer lending platform focused on asset-backed loans for users. | |
| eweidai.com | 2013 | Shenzhen, China | – | – | Operates an online P2P lending platform for auto loans. | |
| cheyr.cn | 2015 | Haidian, China | – | – | - | |
| gofobao.com | 2013 | Shenzhen, China | – | – | Operates a P2P lending platform focused primarily on car loans. |
Detailed competitors of 99banking
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Top companies in Insurance Providers
10 companies that operate in the same segment as 99banking (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | – | 549 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,908 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | USD 502.59 M | 31,422 |
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Frequently Asked Questions about 99banking
99banking was founded in 2015.
99banking is headquartered in Nanjing, China. It is registered at Nanjing, Jiangsu, China.
The primary company behind 99banking, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
99banking operates with a B2C model, focusing on offering insurance products, auto insurance, mutual insurance, and vehicle coverage. Provides mutual insurance services for cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
99banking's top competitors include Beijing Yi Chong Technology, Duanrong and P2phx.
99banking operates through Ing Vysya Bank Limited.
The legal entities of 99banking currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.