About Harmony Insurance Broking
Harmony Insurance Broking is a Financial Services company based in Mumbai (India) founded in 2007. Provision of general insurance services including risk management and claims handling in India. Its Indian entity Harmony Insurance Broking Private Limited reported revenue of ₹4.11 Cr. Harmony Insurance Broking offers products and services including Risk Assessment and Claims Management. Its focus areas include Insurance, General Insurance, Risk Management and Non-Life Insurance.
Company details
Harmony Insurance Brokers , Established In 2007 And Based In Mumbai, Is Recognized For Delivering Expert Solutions In General Insurance Services, Focusing On Non-life Areas Such As Property, Marine, And Liability. Services Encompass Risk Analysis, Assessment, Policy Management, And Claims Settlement, With An Emphasis On Ethical Standards And Client Partnerships. A Dedicated Team Ensures Customized Solutions And Proactive Renewal Management To Protect Business Assets Effectively. Trust And Dependability Are Maintained Through Fair Practices And Comprehensive Risk Strategies, Supporting Clients In Navigating Uncertainties Without Deflecting From Their Objectives.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Email••••••••
- Website harmonyinsurance.co.in
- Legal Name Harmony Insurance Broking Private Limited
- Date of Incorporation 19 Jan, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.11 Cr
FY 2024 · +13% YoY
- Net Profit₹1.37 Cr
FY 2024 · 33% margin
- EBITDA₹1.85 Cr
FY 2024 · 45% margin
Associated legal entities of Harmony Insurance Broking
Harmony Insurance Broking operates through Harmony Insurance Broking 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 |
|---|---|---|---|---|---|---|---|
| Harmony Insurance Broking Private Limited CIN U66030MH2008PTC178027 | Active | 19 Jan 2008 | Mumbai, Maharashtra | ₹4.1 Cr | 12 | 2 | View details |
Products & Services of Harmony Insurance Broking
Harmony Insurance Broking offers a comprehensive portfolio of products and services, including Risk Assessment and Claims Management.
Risk assessment is conducted to identify and analyze potential risks for businesses, enabling effective mitigation strategies to be applied.
Claims management is provided to facilitate proper documentation and follow-up, ensuring settlements are processed efficiently for clients.
Board of directors of Harmony Insurance Broking Private Limited (Harmony Insurance Broking)
Harmony Insurance Broking Private Limited is the primary company behind Harmony Insurance Broking. The board of Harmony Insurance Broking Private Limited currently have 2 directors; the longest-serving is Bhavin Anil Parekh, appointed in 2008. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavin Anil Parekh DIN 01530987 | Director | 19 Jan 2008 | 18 yrs 9 mo | Harmony Insurance Broking Private Limited |
| Zarna Bhavin Parekh DIN 11317907 | Director | 30 Sep 2025 | 1 yr 1 mo | Harmony Insurance Broking Private Limited |
Financials of Harmony Insurance Broking
Figures of Harmony Insurance Broking Private Limited, the primary company behind Harmony Insurance Broking, for FY 2024. Revenue was ₹4.11 Cr (+13% year on year). Net profit was ₹1.37 Cr (33% margin). EBITDA was ₹1.85 Cr (45% margin). Revenue has grown at a compounded annual rate of +19% over three years and +19% over five years.
- ₹4.11 CrRevenue · FY 2024 · +13% YoY
- ₹1.37 CrNet profit · 33% margin
- ₹1.85 CrEBITDA · 45% margin
- ₹1.50 CrPaid-up capital
- 12Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Harmony Insurance Broking Private Limited are on its company page.
Detailed financial statements for Harmony Insurance Broking
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
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Top companies in Insurance Providers
3 companies that operate in the same segment as Harmony Insurance Broking (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 702.78 M | 31,422 |
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Frequently Asked Questions about Harmony Insurance Broking
Harmony Insurance Broking was founded in 2007.
Harmony Insurance Broking is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Harmony Insurance Broking, Harmony Insurance Broking Private Limited, reported revenue of ₹4.11 Cr for FY 2024, up 13% year on year.
Harmony Insurance Brokers , Established In 2007 And Based In Mumbai, Is Recognized For Delivering Expert Solutions In General Insurance Services, Focusing On Non-life Areas Such As Property, Marine, And Liability. Services Encompass Risk Analysis, Assessment, Policy Management, And Claims Settlement, With An Emphasis On Ethical Standards And Client Partnerships. A Dedicated Team Ensures Customized Solutions And Proactive Renewal Management To Protect Business Assets Effectively. Trust And Dependability Are Maintained Through Fair Practices And Comprehensive Risk Strategies, Supporting Clients In Navigating Uncertainties Without Deflecting From Their Objectives.
Harmony Insurance Broking offers Risk Assessment and Claims Management.
Harmony Insurance Broking operates through Harmony Insurance Broking Private Limited.
The legal entities of Harmony Insurance Broking currently have 2 directors, including Bhavin Anil Parekh, Zarna Bhavin Parekh.