About Basket Option
Basket Option is a Financial Services company based in Bengaluru (India) founded in 2004 by Abdul G Sait. Diversified insurance brokerage services are provided to clients. The company has 20 employees. Its chief executive, as recorded, is Abdul G Sait. Its Indian entity Mazel Insurance Brokers Private Limited reported revenue of ₹3.55 Cr. Its focus areas include Insurance Distribution and Diversified.
Company details
Basket Option was founded in 2004 as a diversified insurance brokerage firm based in Bengaluru, India. Operations focus on insurance intermediation across various sectors, including risk assessment and policy placement for clients. Services encompass a range of coverage options, from personal to commercial insurance, handled through the domain basketoption.insure. Leadership is provided by Founder CEO Abdul G Sait, with activities centered in the Indian market.
- Headquarters Bengaluru, India
- Employees 20
- Founders Abdul G Sait
- SectorsFinancial Services
- Phone•••• ••••
- Website basketoption.insure
- Social LinkedIn X Facebook Instagram
- Legal Name Mazel Insurance Brokers Private Limited
- Date of Incorporation 26 Oct, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3.55 Cr
FY 2024 · +36% YoY
- Net Profit₹72.8 Lakh
FY 2024 · 21% margin
- EBITDA₹1.01 Cr
FY 2024 · 28% margin
- Employee Count20
Associated legal entities of Basket Option
Basket Option operates through Mazel Insurance Brokers Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mazel Insurance Brokers Private Limited CIN U65900KA2012PTC066468 | Active | 26 Oct 2012 | Bangalore, Karnataka | ₹3.6 Cr | 20 | 2 | View details |
Board of directors of Mazel Insurance Brokers Private Limited (Basket Option)
Mazel Insurance Brokers Private Limited is the primary company behind Basket Option. The board of Mazel Insurance Brokers Private Limited currently have 2 directors; the longest-serving is Abdul Gaffar Sait, appointed in 2012. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abdul Gaffar Sait DIN 01356328 | Whole-time director | 26 Oct 2012 | 14 yrs | Mazel Insurance Brokers Private Limited |
| Shaik Mohammed Yesdani Athar DIN 07198640 | Whole-time director | 19 Nov 2018 | 7 yrs 11 mo | Mazel Insurance Brokers Private Limited |
People of Basket Option
1 people are tracked at Basket Option (1 in leadership); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Basket Option
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- Full employee list
- Team structure
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Financials of Basket Option
Figures of Mazel Insurance Brokers Private Limited, the primary company behind Basket Option, for FY 2024. Revenue was ₹3.55 Cr (+36% year on year). Net profit was ₹72.8 Lakh (21% margin). EBITDA was ₹1.01 Cr (28% margin). Revenue has grown at a compounded annual rate of +22% over three years and +24% over five years.
- ₹3.55 CrRevenue · FY 2024 · +36% YoY
- ₹72.8 LakhNet profit · 21% margin
- ₹1.01 CrEBITDA · 28% margin
- ₹1.92 CrPaid-up capital
- 20Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mazel Insurance Brokers Private Limited are on its company page.
Detailed financial statements for Basket Option
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 Basket Option
The website of Basket Option (basketoption.insure) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 20.7% vs previous month
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Basket Option (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 Basket Option
Basket Option was founded in 2004.
Basket Option is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abdul G Sait is the CEO of Basket Option, as recorded in our data. They have also founded this company.
Basket Option has 20 employees.
The primary company behind Basket Option, Mazel Insurance Brokers Private Limited, reported revenue of ₹3.55 Cr for FY 2024, up 36% year on year.
Basket Option was founded in 2004 as a diversified insurance brokerage firm based in Bengaluru, India. Operations focus on insurance intermediation across various sectors, including risk assessment and policy placement for clients. Services encompass a range of coverage options, from personal to commercial insurance, handled through the domain basketoption.insure. Leadership is provided by Founder CEO Abdul G Sait, with activities centered in the Indian market.
Basket Option operates through Mazel Insurance Brokers Private Limited.
The legal entities of Basket Option currently have 2 directors, including Abdul Gaffar Sait, Shaik Mohammed Yesdani Athar.