About Ideal Insurance Brokers
Ideal Insurance Brokers is a Financial Services company based in Kolkata (India) founded in 2005 by Sandeep Kumar Modi, Ravi Kothari, Rahul Mohata, and Rahul Agarwal. Insurance solutions to mitigate risks and protect assets and liabilities for businesses. Ideal Insurance Brokers has raised $1.96 million across 4 funding rounds from investors including Style Baazar, Venture Catalysts and Xelp. The company has 170 employees. Ideal Insurance Brokers has completed 1 acquisition, including Govind Consultancy. Its chief executive, as recorded, is Rahul Agarwal. Its Indian entity Ideal Insurance Brokers Private Limited reported revenue of ₹78.06 Cr. Its focus areas include Insurance Distribution and Diversified.
Company details
Ideal Insurance Brokers was established in 2005 in Kolkata, India, within the insurance sector. A variety of products, including life, health, and general insurance, is supplied to individuals and businesses. Operations extend across multiple regions, with emphasis placed on risk management strategies for assets and liabilities. Services are tailored to address protection needs in diverse markets.
- Headquarters Kolkata, India
- Employees 170
- Founders Sandeep Kumar Modi, Ravi Kothari, Rahul Mohata, Rahul Agarwal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website idealinsurance.in
- Social LinkedIn X Facebook
- Legal Name Ideal Insurance Brokers Private Limited
- Date of Incorporation 13 Jan, 2005
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹78.06 Cr
FY 2025 · +10% YoY
- Net Profit₹3.45 Cr
FY 2025 · 4% margin
- EBITDA₹7.21 Cr
FY 2025 · 9% margin
- Total Equity Funding$1.96M (USD)
in 4 rounds
- Latest Funding Round$960.15K (USD), Seed
Mar 2024
- InvestorsStyle Baazar
& 41 more
- Employee Count170
- Investments & Acquisitions
Associated legal entities of Ideal Insurance Brokers
Ideal Insurance Brokers is associated with 2 registered companies on The Company Check; the primary company is Ideal Insurance Brokers Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ideal Insurance Brokers Private Limited CIN U65929WB2005PTC101118 | Active | 13 Jan 2005 | Kolkata, West Bengal | ₹78.1 Cr | 170 | 3 | View details |
| Deep Avyaan Llp CIN ABB-8093 | Active | 20 Jul 2022 | Kolkata, West Bengal | 2 | View details |
Funding Insights of Ideal Insurance Brokers
Ideal Insurance Brokers has successfully raised a total of $1.96M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $960.15 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.96M
- Total Rounds 4
- Last Round Seed — $960,152
- Investors Count 42
All 4 funding rounds of Ideal Insurance Brokers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $960,152 | Seed | – | Venture Catalysts | |
| Sep 2020 | Seed | – | GSV | – | |
| Apr 2018 | $1M | Seed | – | Binod Kumar Agarwalla, Atul Jain | |
| Jul 2017 | Seed | – | – |
42 investors in total: 15 institutional and 27 angel.
Investors in Ideal Insurance Brokers
Ideal Insurance Brokers has secured backing from 42 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Style Baazar, Venture Catalysts and Xelp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Venture capital firm focused on early-stage companies | gauravsinghviventures.com | Surat, India | ||
Business solutions for retailers are provided by Vista Business Ventures. | Mumbai, India | |||
Logistics, jewellery, and tech services are provided by BVC Ventures across multiple industries. | 1960 | bvcventures.com | Mumbai, India | |
Retail chain of clothing and accessories | 2013 | stylebaazar.in | Howrah, India | |
Sustainable mental health and wellbeing solutions are designed and facilitated. | motivated-minds.co.uk | Basildon, United Kingdom | ||
Real estate properties are developed by Primarc in India. | 1987 | primarc.in | Kolkata, India |
Investor details for Ideal Insurance Brokers
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Ideal Insurance Brokers Private Limited (Ideal Insurance Brokers)
Ideal Insurance Brokers Private Limited is the primary company behind Ideal Insurance Brokers. The boards of the 2 registered companies of Ideal Insurance Brokers currently have 5 directors; the longest-serving is Rahul Agarwal, appointed in 2005. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Agarwal DIN 00485663 | Director | 13 Jan 2005 | 21 yrs 9 mo | Ideal Insurance Brokers Private Limited |
| Ravi Kothari DIN 01446685 | Director | 29 Mar 2012 | 14 yrs 7 mo | Ideal Insurance Brokers Private Limited |
| Chandra Mohan Garg DIN 00436902 | Director | 01 Feb 2022 | 4 yrs 9 mo | Ideal Insurance Brokers Private Limited |
| Pratick Pitty DIN 05281224 | Designated Partner | 20 Jul 2022 | 4 yrs 3 mo | Deep Avyaan Llp |
| Sanjay Murarka DIN 00706907 | Designated Partner | 07 Mar 2024 | 2 yrs 8 mo | Deep Avyaan Llp |
People of Ideal Insurance Brokers
13 people are tracked at Ideal Insurance Brokers (9 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 170.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & Director | Leadership | |
Rahul Mohata | Co-Founder, COO & Director | Leadership |
| Co-Founder & Co-CEO | Leadership | |
Saroj Satapathy | Co-CEO | Leadership |
Bhaskar Malani | Director, SME Vertical | Leadership |
Ritesh Chipde | Director | Leadership |
Subhangee Agarwal | Associate Vice President | Leadership |
Goutam Dey | Senior Vice President - Underwriting & Placement | Leadership |
Dulal Mitra | Executive Chairman | Board & advisors |
Rupanwita Roy | Corporate Communications | Team |
Shivani Goenka | Manager- Underwriting | Team |
Sohenee Ghosh | Deputy Manager-hr | Team |
Complete people profiles for Ideal Insurance Brokers
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ideal Insurance Brokers
Figures of Ideal Insurance Brokers Private Limited, the primary company behind Ideal Insurance Brokers, for FY 2025. Revenue was ₹78.06 Cr (+10% year on year). Net profit was ₹3.45 Cr (4% margin). EBITDA was ₹7.21 Cr (9% margin). Revenue has grown at a compounded annual rate of +53% over three years and +39% over five years.
- ₹78.06 CrRevenue · FY 2025 · +10% YoY
- ₹3.45 CrNet profit · 4% margin
- ₹7.21 CrEBITDA · 9% margin
- ₹5.54 CrPaid-up capital
- 170Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ideal Insurance Brokers Private Limited are on its company page.
Detailed financial statements for Ideal Insurance Brokers
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Ideal Insurance Brokers
Ideal Insurance Brokers has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Govind Consultancy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified insurance brokerage services are provided across multiple sectors. | Delhi, India | 0 | Jun 2022 | •••• |
Complete acquisition details for Ideal Insurance Brokers
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Ideal Insurance Brokers
4 dated milestones of Ideal Insurance Brokers across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Ideal Insurance Brokers is founded.
- Funding First funding round.
- Acquisition Acquires Govind Consultancy.
- Funding Latest funding round, Seed, of $960K.
Web traffic of Ideal Insurance Brokers
The website of Ideal Insurance Brokers (idealinsurance.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 15.2% vs previous month
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Ideal Insurance Brokers (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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Related news about Ideal Insurance Brokers
Complete news archive for Ideal Insurance Brokers
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Frequently Asked Questions about Ideal Insurance Brokers
Ideal Insurance Brokers was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Ideal Insurance Brokers is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Rahul Agarwal is the CEO of Ideal Insurance Brokers, as recorded in our data. They have also founded this company.
Ideal Insurance Brokers is a funded company, having raised a total of $1.96M across 4 funding rounds to date.
Ideal Insurance Brokers has 170 employees.
The primary company behind Ideal Insurance Brokers, Ideal Insurance Brokers Private Limited, reported revenue of ₹78.06 Cr for FY 2025, up 10% year on year.
Ideal Insurance Brokers was established in 2005 in Kolkata, India, within the insurance sector. A variety of products, including life, health, and general insurance, is supplied to individuals and businesses. Operations extend across multiple regions, with emphasis placed on risk management strategies for assets and liabilities. Services are tailored to address protection needs in diverse markets.
Ideal Insurance Brokers has made 1 acquisition, including Govind Consultancy.
Ideal Insurance Brokers has 42 investors. Key investors include Style Baazar, Venture Catalysts, Xelp, Primarc, and BVC Ventures.
Ideal Insurance Brokers is associated with 2 legal entities: Ideal Insurance Brokers Private Limited, Deep Avyaan Llp.
The legal entities of Ideal Insurance Brokers currently have 5 directors, including Pratick Pitty, Sanjay Murarka, Chandra Mohan Garg and others.