About Instic Technologies
Instic Technologies is a company based in Pune (India) founded in 2020 by Soham Kondalkar and Ajinkya Shejul. It operates as a B2B. Instic Technologies operates in a competitive market with competitors including ClaimBuddy, Vitraya, Bima Garage, ClaimTherapist and ClaimKar, among others.
- Headquarter Pune, India
- Employees 1
- Founders Soham Kondalkar, Ajinkya Shejul
- SectorsFinancial Services
- Website instic.ai
- Social Facebook
- Legal Name Instic Technologies Private Limited
- Date of Incorporation 01 Sep, 2020
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹15.8 Lakh
FY 2025
- Net Profit₹1 Lakh
FY 2025 · 6% margin
- EBITDA₹2 Lakh
FY 2025 · 12% margin
- Employee Count1
Associated legal entities of Instic Technologies
Instic Technologies operates through Instic Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instic Technologies Private Limited CIN U72900PN2020PTC193555 | Active | 01 Sep 2020 | Pune, Maharashtra | ₹0.2 Cr | – | 2 | View details |
Board of directors of Instic Technologies Private Limited (Instic Technologies)
Instic Technologies Private Limited is the primary company behind Instic Technologies. The board of Instic Technologies Private Limited currently have 2 directors; the longest-serving is Ashutosh Rajesh Sharma, appointed in 2024. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashutosh Rajesh Sharma DIN 10455351 | Director | 05 Jan 2024 | 2 yrs 9 mo | Instic Technologies Private Limited |
| Anjali Sharma DIN 10455368 | Director | 05 Jan 2024 | 2 yrs 9 mo | Instic Technologies Private Limited |
People of Instic Technologies
2 people are tracked at Instic Technologies (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Instic Technologies
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Financials of Instic Technologies
Figures of Instic Technologies Private Limited, the primary company behind Instic Technologies, for FY 2025. Revenue was ₹15.8 Lakh. Net profit was ₹1 Lakh (6% margin). EBITDA was ₹2 Lakh (12% margin). Revenue has grown at a compounded annual rate of +448% over three years.
- ₹15.8 LakhRevenue · FY 2025
- ₹1 LakhNet profit · 6% margin
- ₹2 LakhEBITDA · 12% margin
- ₹1 LakhPaid-up capital
- +448%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Instic Technologies Private Limited are on its company page.
Detailed financial statements for Instic Technologies
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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Competitors of Instic Technologies
Instic Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ClaimBuddy, Vitraya, Bima Garage, ClaimTherapist and ClaimKar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| claimbuddy.in | 2020 | Gurugram, India | $8.24M | 98 | Platform offering medical insurance claims support solutions | |
| vitraya.com | 2019 | Delhi, India | $12.83M | 71 | Automated claims adjudication and settlement are provided for healthcare. | |
| bimagarage.com | 2018 | Thane, India | $874,988 | 89 | Health insurance claims support solutions for insurance holders, hospitals, and insurance agents | |
| claimtherapist.com | 2019 | Gurugram, India | $367,592 | 58 | Health insurance claims management is provided online. | |
| claimkar.com | 2013 | Ahmedabad, India | – | – | Provider of insurance claim processing and documentation services | |
| easeclaim.com | 2023 | Gurugram, India | – | – | Provides a streamlined health insurance claim processing solution for individuals. |
Detailed competitors of Instic Technologies
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Similar companies to Instic Technologies
10 companies that operate in the same segment as Instic Technologies (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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Frequently Asked Questions about Instic Technologies
Instic Technologies was founded in 2020.
Instic Technologies is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Instic Technologies has 1 employees.
The primary company behind Instic Technologies, Instic Technologies Private Limited, reported revenue of ₹15.8 Lakh for FY 2025.
Instic Technologies operates with a B2B model, focusing on leveraging cutting-edge technology, fintech, insurance services, and claim management. Provides AI-based solutions for managing health insurance claims efficiently. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Instic Technologies's top competitors include Vitraya, ClaimBuddy and Bima Garage.
Instic Technologies operates through Instic Technologies Private Limited.
The legal entities of Instic Technologies currently have 2 directors, including Ashutosh Rajesh Sharma, Anjali Sharma.