About FSP Solutions
FSP Solutions is a Financial Services company based in Midrand (South Africa) founded in 1993. It provides short-term insurance for individuals and businesses in the financial industry. It operates on a B2B and B2C model. The company has 179 employees. Its Indian entity Fsp Solutions Private Limited reported revenue of ₹10.30 Cr. FSP Solutions offers products and services including Personal Lines Insurance and Commercial Lines Insurance. Its focus areas include Insurance, Short-term, Personal Lines and Commercial Lines. Its competitors include OUTsurance, Ctrl and Fincheck; 2 of its 3 listed competitors have raised funding.
Company details
FSP Solutions operates as a short-term insurance provider, offering personal lines for individual protection against property and casualty losses, and commercial lines for businesses to mitigate risks. The company emphasizes innovation, honesty, and integrity in serving the financial sector. Based in South Africa, it delivers tailored insurance solutions to help clients manage financial uncertainties without promotional bias. Activities include product development and client support through various channels.
- Headquarters Midrand, South Africa
- Employees 179
- SectorsFinancial Services
- Website fspsolutions.com/public/live/index.aspx
- Social LinkedIn Facebook
- Legal Name Fsp Solutions Private Limited
- Date of Incorporation 21 Jun, 2018
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹10.30 Cr
FY 2024 · +30% YoY
- Indian entity net profit₹28.1 Lakh
FY 2024 · 3% margin
- Indian entity EBITDA₹42.1 Lakh
FY 2024 · 4% margin
- Employee Count179
Associated legal entities of FSP Solutions
FSP Solutions operates through Fsp Solutions 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 |
|---|---|---|---|---|---|---|---|
| Fsp Solutions Private Limited CIN U74999KA2018PTC114141 | Active | 21 Jun 2018 | Bangalore, Karnataka | ₹10.3 Cr | 179 | 3 | View details |
Products & Services of FSP Solutions
FSP Solutions offers a comprehensive portfolio of products and services, including Personal Lines Insurance and Commercial Lines Insurance.
Protects individuals from financial losses due to property and casualty risks.
Offers coverage for businesses against various operational and risk-related losses.
Board of directors of Fsp Solutions Private Limited (FSP Solutions)
Fsp Solutions Private Limited is the primary company behind FSP Solutions. The board of Fsp Solutions Private Limited currently have 3 directors; the longest-serving is Venkatesh Korti Deepak, appointed in 2019. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatesh Korti Deepak DIN 07319047 | Director | 06 May 2019 | 7 yrs 6 mo | Fsp Solutions Private Limited |
| Amaregowda Patil DIN 10164267 | Director | 23 May 2023 | 3 yrs 5 mo | Fsp Solutions Private Limited |
| Rekha Reddy DIN 10895946 | Director | 03 Jan 2025 | 1 yr 10 mo | Fsp Solutions Private Limited |
People of FSP Solutions
10 people are tracked at FSP Solutions (2 in leadership, 8 in team); the tracked headcount is 179.
| Name | Role | Group |
|---|---|---|
Lucas Bothma | Managing Director | Leadership |
Warwick Goldie | Divisional Head Specialist Liabilities | Leadership |
Kogie Moodley | Claims Underwriting Portfolio Administrator | Team |
Laetitia Lakay | Underwriting Administrator | Team |
Rochelle Pillay | Risk Manager | Team |
Clyde van Niekerk | Risk Surveyor | Team |
Ayanda Sithole | Commercial Underwriting Administration | Team |
Michelle Wedderburn | Business Development Manager | Team |
Kavitha Maharaj | Risk Management Administrator | Team |
Vimi H Ramplall | Marketing Underwriter | Team |
Complete people profiles for FSP Solutions
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 FSP Solutions
Figures of Fsp Solutions Private Limited, the primary company behind FSP Solutions, for FY 2024. Revenue was ₹10.30 Cr (+30% year on year). Net profit was ₹28.1 Lakh (3% margin). EBITDA was ₹42.1 Lakh (4% margin). Revenue has grown at a compounded annual rate of +22% over three years and +55% over five years.
- ₹10.30 CrRevenue · FY 2024 · +30% YoY
- ₹28.1 LakhNet profit · 3% margin
- ₹42.1 LakhEBITDA · 4% margin
- ₹20 LakhPaid-up capital
- 179Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fsp Solutions Private Limited are on its company page.
Detailed financial statements for FSP Solutions
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.
Competitors of FSP Solutions
FSP Solutions has 3 listed competitors in our database, 2 of them funded. They include OUTsurance, Ctrl and Fincheck.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| outsurance.co.za | 1998 | Centurion, South Africa | Insurance quotes for diverse policies are compared and provided. | |||
| takectrl.co.za | 2017 | Paarl, South Africa | $2.33M | Ctrl is recognized as a digital insurance advisor platform. | ||
| fincheck.co.za | 2015 | Johannesburg, South Africa | $287,604 | Financial products comparison website |
Detailed competitors of FSP Solutions
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Frequently Asked Questions about FSP Solutions
FSP Solutions was founded in 1993.
FSP Solutions is headquartered in Midrand, South Africa. It is registered at Midrand, Gauteng, South Africa.
FSP Solutions has 179 employees.
The primary company behind FSP Solutions, Fsp Solutions Private Limited, reported revenue of ₹10.30 Cr for FY 2024, up 30% year on year.
FSP Solutions operates as a short-term insurance provider, offering personal lines for individual protection against property and casualty losses, and commercial lines for businesses to mitigate risks. The company emphasizes innovation, honesty, and integrity in serving the financial sector. Based in South Africa, it delivers tailored insurance solutions to help clients manage financial uncertainties without promotional bias. Activities include product development and client support through various channels.
FSP Solutions's top competitors include OUTsurance, Ctrl and Fincheck.
FSP Solutions offers Personal Lines Insurance and Commercial Lines Insurance.
FSP Solutions operates through Fsp Solutions Private Limited.
The legal entities of FSP Solutions currently have 3 directors, including Amaregowda Patil, Venkatesh Korti Deepak, Rekha Reddy.