About Flagstone Re
Flagstone Re is a company based in Hyderabad (India) founded in 2005, and was acquired by Validus in August 2012. Household, solar, and specialty glass products are manufactured. Its Indian entity Flagstone Underwriting Support Services (India) Private Limited reported revenue of ₹2.82 Cr.
Company details
Flagstone Re was founded in 2005 and is headquartered in Hyderabad, India. Operations focus on the development and production of glass products for household, solar energy, packaging, optics, and heat-resistant applications. Crystal glass is also manufactured. Multiple subsidiaries handle production and distribution aspects, with products supplied to international retailers. Emphasis is placed on safe, transparent, and recyclable materials within the glass manufacturing sector.
- Headquarters Hyderabad, India
- Stage Acquired
- Website flagstonere.com
- Social X
- Acquired by Validus (Aug 2012)
- Legal Name Flagstone Underwriting Support Services (India) Private Limited
- Date of Incorporation 10 Oct, 2005
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹2.82 Cr
FY 2016 · +28% YoY
- Net Profit₹13.7 Lakh
FY 2016 · 5% margin
- EBITDA-₹63.7 Lakh
FY 2016 · -23% margin
- Investors
- Acquired byValidus
(Aug 2012)
Associated legal entities of Flagstone Re
Flagstone Re operates through Flagstone Underwriting Support Services (India) Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Flagstone Underwriting Support Services (India) Private Limited CIN U72200TG2005PTC047725 | Dissolved Under Section 59(8) | 10 Oct 2005 | Hyderabad, Telangana | ₹2.8 Cr | 3 | View details |
Investors in Flagstone Re
Flagstone Re has secured backing from 1 investor. Prominent investors backing the company include Validus Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance carrier | 1964 | validusholdings.com | Singapore, Singapore |
Investor details for Flagstone Re
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 Flagstone Underwriting Support Services (India) Private Limited (Flagstone Re)
Flagstone Underwriting Support Services (India) Private Limited is the primary company behind Flagstone Re. The board of Flagstone Underwriting Support Services (India) Private Limited currently have 3 directors; the longest-serving is Lingaraju Rayaprolu, appointed in 2011. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lingaraju Rayaprolu DIN 03572611 | Director | 04 Jul 2011 | 15 yrs 3 mo | Flagstone Underwriting Support Services (India) Private Limited |
| Kuzloski Robert Francis DIN 06472943 | Director | 21 Dec 2012 | 13 yrs 10 mo | Flagstone Underwriting Support Services (India) Private Limited |
| Niraj Kapasi DIN 00614230 | Alternate Director | 20 Aug 2015 | 11 yrs 2 mo | Flagstone Underwriting Support Services (India) Private Limited |
Financials of Flagstone Re
Figures of Flagstone Underwriting Support Services (India) Private Limited, the primary company behind Flagstone Re, for FY 2016. Revenue was ₹2.82 Cr (+28% year on year). Net profit was ₹13.7 Lakh (5% margin). EBITDA was -₹63.7 Lakh (-23% margin).
- ₹2.82 CrRevenue · FY 2016 · +28% YoY
- ₹13.7 LakhNet profit · 5% margin
- -₹63.7 LakhEBITDA · -23% margin
- ₹2.07 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Flagstone Underwriting Support Services (India) Private Limited are on its company page.
Detailed financial statements for Flagstone Re
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 Flagstone Re
2 dated milestones of Flagstone Re across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Flagstone Re is founded.
- Exit Acquired by Validus.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Flagstone Re
Flagstone Re was founded in 2005.
Flagstone Re is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Flagstone Re, Flagstone Underwriting Support Services (India) Private Limited, reported revenue of ₹2.82 Cr for FY 2016, up 28% year on year.
Flagstone Re was founded in 2005 and is headquartered in Hyderabad, India. Operations focus on the development and production of glass products for household, solar energy, packaging, optics, and heat-resistant applications. Crystal glass is also manufactured. Multiple subsidiaries handle production and distribution aspects, with products supplied to international retailers. Emphasis is placed on safe, transparent, and recyclable materials within the glass manufacturing sector.
Flagstone Re has 1 investor. Key investors include Validus Holdings.
Flagstone Re operates through Flagstone Underwriting Support Services (India) Private Limited.
Yes. Flagstone Re was acquired by Validus in August 2012.
The legal entities of Flagstone Re currently have 3 directors, including Niraj Kapasi, Lingaraju Rayaprolu, Kuzloski Robert Francis.