About Assuretech
Assuretech is a Financial Services company based in Thiruvananthapuram (India) founded in 2008 by Salim M K. It offers software for insurance operations and consultancy services. It operates on a SaaS and B2B model in Financial Services and Technology sectors. The company has 70 employees. Its Indian entity Assuretech Business Solutions Private Limited reported revenue of ₹6.20 Cr. Assuretech offers products and services including IIRIS General Insurance, IIRIS Takaful, IIRIS Medical Insurance, IIRIS Broking Management, and IIRIS Online Insurance. Its focus areas include FinTech, Insurance Tech, Insurance Software and Management Systems.
Company details
Assuretech specializes in developing insurance software, including the IIRIS suite for general, takaful, and medical insurance management. The company delivers tools for broking, online insurance, payroll, HR, and business intelligence through customizable platforms. It focuses on software services and consultancy to support insurance sector needs, though specific locations and clients are not detailed, emphasizing efficient operational workflows.
- Headquarters Thiruvananthapuram, India
- Employees 70
- Founders Salim M K
- SectorsFinancial ServicesTechnology
- Website assuretech.in
- Social Facebook
- Legal Name Assuretech Business Solutions Private Limited
- Date of Incorporation 06 Mar, 2008
- Jurisdiction Thiruvananthapuram, Kerala, India
- Annual Revenue₹6.20 Cr
FY 2024 · +46% YoY
- Net Profit₹5.4 Lakh
FY 2024 · 1% margin
- EBITDA₹22.6 Lakh
FY 2024 · 4% margin
- Employee Count70
Associated legal entities of Assuretech
Assuretech is associated with 2 registered companies on The Company Check; the primary company is Assuretech Business Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Assuretech Business Solutions Private Limited CIN U72200KL2008PTC021989 | Active | 06 Mar 2008 | Thiruvananthapuram, Kerala | ₹6.2 Cr | 70 | 2 | View details |
| Kallar Valley Farms And Resorts Llp CIN ACB-7982 | Active | 30 Jun 2023 | Thiruvananthapuram, Kerala | 2 | View details |
Products & Services of Assuretech
Assuretech offers a comprehensive portfolio of products and services, including IIRIS General Insurance, IIRIS Takaful, IIRIS Medical Insurance, IIRIS Broking Management, and IIRIS Online Insurance.
Software for managing general insurance operations efficiently.
Platform for handling takaful insurance processes securely.
Tools for medical insurance administration and claims.
System for broking operations and client management.
Online platform for digital insurance services.
Software for payroll processing and HR tasks.
App for accessing insurance tools on mobile devices.
Tools for data analysis in insurance contexts.
System for generating and managing insurance quotations.
Platform for streamlining insurance workflows.
Tools for conducting and managing insurance surveys.
Board of directors of Assuretech Business Solutions Private Limited (Assuretech)
Assuretech Business Solutions Private Limited is the primary company behind Assuretech. The boards of the 2 registered companies of Assuretech currently have 2 directors; the longest-serving is Salim Mohamed Kasim, appointed in 2023. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Salim Mohamed Kasim DIN 02030920 | Designated Partner | 30 Jun 2023 | 3 yrs 4 mo | Kallar Valley Farms And Resorts Llp, Assuretech Business Solutions Private Limited |
| Beeja Mol DIN 09223847 | Designated Partner | 30 Jun 2023 | 3 yrs 4 mo | Kallar Valley Farms And Resorts Llp, Assuretech Business Solutions Private Limited |
People of Assuretech
1 people are tracked at Assuretech (1 in leadership); the tracked headcount is 70.
| Name | Role | Group |
|---|---|---|
Salim M K | Founder, Owner | Leadership |
Complete people profiles for Assuretech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Assuretech
Figures of Assuretech Business Solutions Private Limited, the primary company behind Assuretech, for FY 2024. Revenue was ₹6.20 Cr (+46% year on year). Net profit was ₹5.4 Lakh (1% margin). EBITDA was ₹22.6 Lakh (4% margin). Revenue has grown at a compounded annual rate of +22% over three years and +15% over five years.
- ₹6.20 CrRevenue · FY 2024 · +46% YoY
- ₹5.4 LakhNet profit · 1% margin
- ₹22.6 LakhEBITDA · 4% margin
- ₹1.11 CrPaid-up capital
- 70Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Assuretech Business Solutions Private Limited are on its company page.
Detailed financial statements for Assuretech
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.
Web traffic of Assuretech
The website of Assuretech (assuretech.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 3.7% vs previous month
Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Assuretech (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Frequently Asked Questions about Assuretech
Assuretech was founded in 2008.
Assuretech is headquartered in Thiruvananthapuram, India. It is registered at Thiruvananthapuram, Kerala, India.
Assuretech has 70 employees.
The primary company behind Assuretech, Assuretech Business Solutions Private Limited, reported revenue of ₹6.20 Cr for FY 2024, up 46% year on year.
Assuretech specializes in developing insurance software, including the IIRIS suite for general, takaful, and medical insurance management. The company delivers tools for broking, online insurance, payroll, HR, and business intelligence through customizable platforms. It focuses on software services and consultancy to support insurance sector needs, though specific locations and clients are not detailed, emphasizing efficient operational workflows.
Assuretech offers IIRIS General Insurance, IIRIS Takaful, IIRIS Medical Insurance, IIRIS Broking Management, and 6 more products and services.
Assuretech is associated with 2 legal entities: Assuretech Business Solutions Private Limited, Kallar Valley Farms And Resorts Llp.
The legal entities of Assuretech currently have 2 directors, including Salim Mohamed Kasim, Beeja Mol.