About Amicus Insurance
Amicus Insurance is a Financial Services company based in Mumbai (India) founded in 2008, and was acquired by First Policy in September 2021. Diversified insurance brokerage services are offered in India. The company has 7 employees. Its Indian entity Amicus Insurance Broking Services Private Limited reported revenue of ₹6.24 Cr. Its focus areas include Insurance Distribution.
Company details
Amicus Insurance was established in 2008 in Mumbai, India, as a diversified insurance brokerage firm. Services in the insurance sector are provided, including brokerage for various policies and client advisory. Operations are based in Mumbai, serving clients primarily within the Indian market. The firms domain, amicusbrokers.com, supports online service delivery and client engagement. Focus is maintained on standard insurance brokerage activities without specified expansions.
- Headquarters Mumbai, India
- Employees 7
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website amicusbrokers.com
- Social LinkedIn
- Acquired by First Policy (Sep 2021)
- Legal Name Amicus Insurance Broking Services Private Limited
- Date of Incorporation 15 Dec, 2007
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.24 Cr
FY 2021 · +28% YoY
- Net Profit₹1.13 Cr
FY 2021 · 18% margin
- EBITDA₹1.64 Cr
FY 2021 · 26% margin
- Investors
- Employee Count7
- Acquired byFirst Policy
(Sep 2021)
Associated legal entities of Amicus Insurance
Amicus Insurance operates through Amicus Insurance Broking Services Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Amicus Insurance Broking Services Private Limited CIN U74140MH2007PTC176808 | Amalgamated | 15 Dec 2007 | Mumbai, Maharashtra | ₹6.2 Cr | 7 | 4 | View details |
Investors in Amicus Insurance
Amicus Insurance has secured backing from 1 investor. Prominent investors backing the company include First Policy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance brokerage services in India focusing on risk management and various insurance types. | 2002 | firstpolicy.com | Pune, India |
Investor details for Amicus Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Amicus Insurance Broking Services Private Limited (Amicus Insurance)
Amicus Insurance Broking Services Private Limited is the primary company behind Amicus Insurance. The board of Amicus Insurance Broking Services Private Limited currently have 3 directors; the longest-serving is Jitendranath Nayer, appointed in 2007. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendranath Nayer DIN 01870132 | Whole-time director | 15 Dec 2007 | 18 yrs 10 mo | Amicus Insurance Broking Services Private Limited |
| Ashok Kumar Jain DIN 00392870 | Additional Director | 05 Sep 2021 | 5 yrs 1 mo | Amicus Insurance Broking Services Private Limited |
| Sachin Devichand Jain DIN 07538359 | Additional Director | 05 Sep 2021 | 5 yrs 1 mo | Amicus Insurance Broking Services Private Limited |
Financials of Amicus Insurance
Figures of Amicus Insurance Broking Services Private Limited, the primary company behind Amicus Insurance, for FY 2021. Revenue was ₹6.24 Cr (+28% year on year). Net profit was ₹1.13 Cr (18% margin). EBITDA was ₹1.64 Cr (26% margin). Revenue has grown at a compounded annual rate of +35% over three years and +24% over five years.
- ₹6.24 CrRevenue · FY 2021 · +28% YoY
- ₹1.13 CrNet profit · 18% margin
- ₹1.64 CrEBITDA · 26% margin
- ₹75.6 LakhPaid-up capital
- 7Employees (provident fund records)
- +35%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Amicus Insurance Broking Services Private Limited are on its company page.
Detailed financial statements for Amicus Insurance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Amicus Insurance
2 dated milestones of Amicus Insurance across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Amicus Insurance is founded.
- Exit Acquired by First Policy.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Amicus Insurance (Insurance & Risk Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | USD 15.24 B | 126 |
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Frequently Asked Questions about Amicus Insurance
Amicus Insurance was founded in 2008.
Amicus Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amicus Insurance has 7 employees.
The primary company behind Amicus Insurance, Amicus Insurance Broking Services Private Limited, reported revenue of ₹6.24 Cr for FY 2021, up 28% year on year.
Amicus Insurance was established in 2008 in Mumbai, India, as a diversified insurance brokerage firm. Services in the insurance sector are provided, including brokerage for various policies and client advisory. Operations are based in Mumbai, serving clients primarily within the Indian market. The firms domain, amicusbrokers.com, supports online service delivery and client engagement. Focus is maintained on standard insurance brokerage activities without specified expansions.
Amicus Insurance has 1 investor. Key investors include First Policy.
Amicus Insurance operates through Amicus Insurance Broking Services Private Limited.
Yes. Amicus Insurance was acquired by First Policy in September 2021.
The legal entities of Amicus Insurance currently have 4 directors, including Ashok Kumar Jain, Sachin Devichand Jain, Kizhakkey Vallat Satheesh Kumar and others.