About Insurax
Insurax was a Financial Services company based in Ahmedabad (India) founded in 2014 by Faisal Patel. Digital platform for exploring and managing health, life, and car insurance plans. It operates on a B2C and D2C model. Its Indian entity Comet Adnet Private Limited reported revenue of ₹1.1 Lakh. The company is recorded as dissolved. Insurax offers products and services including Insurance Plans and Digital Platform. Its focus areas include FinTech, Insurance Tech, Health Insurance and Digital Plans. Similar companies include Policybazaar, InsuranceDekho and PB Fintech; 2 of its 3 listed similar companies have raised funding.
Company details
InsuraX.in provides a digital platform that simplifies insurance by offering accessible health, life, and car insurance plans tailored for individuals. Users can explore and manage their policies anytime through an online interface, making insurance more convenient and user-friendly. The service focuses on digital accessibility without specifying locations or specific clients, aiming to serve everyday consumers efficiently.
- Headquarters Ahmedabad, India
- Founders Faisal Patel
- SectorsFinancial Services
- Website insurax.in
- Social X Facebook
- Legal Name Comet Adnet Private Limited
- Date of Incorporation 06 Aug, 2012
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹1.1 Lakh
FY 2020 · -96% YoY
- Net Loss-₹11.1 Lakh
FY 2020 · -1016% margin
- EBITDA-₹10.8 Lakh
FY 2020 · -993% margin
Associated legal entities of Insurax
Insurax operates through Comet Adnet Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Comet Adnet Private Limited CIN U93000GJ2012PTC071429 | Active | 06 Aug 2012 | Ahmedabad, Gujarat | ₹0.0 Cr | 2 | View details |
Products & Services of Insurax
Insurax offers a comprehensive portfolio of products and services, including Insurance Plans and Digital Platform.
Tailored health, life, and car insurance options for consumers.
Online tool for managing insurance policies anytime.
Board of directors of Comet Adnet Private Limited (Insurax)
Comet Adnet Private Limited is the primary company behind Insurax. The board of Comet Adnet Private Limited currently have 2 directors; the longest-serving is Piyush Aggarwal, appointed in 2012.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Piyush Aggarwal DIN 03624174 | Director | 06 Aug 2012 | 14 yrs 2 mo | Comet Adnet Private Limited |
| Aatit Rohitaskumar Agrawal DIN 05326925 | Director | 06 Aug 2012 | 14 yrs 2 mo | Comet Adnet Private Limited |
People of Insurax
1 people are tracked at Insurax (1 in leadership).
| Name | Role | Group |
|---|---|---|
Faisal Patel | Co-Founder | Leadership |
Complete people profiles for Insurax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Insurax
Figures of Comet Adnet Private Limited, the primary company behind Insurax, for FY 2020. Revenue was ₹1.1 Lakh (-96% year on year). Net loss was -₹11.1 Lakh (-1016% margin). EBITDA was -₹10.8 Lakh (-993% margin).
- ₹1.1 LakhRevenue · FY 2020 · -96% YoY
- -₹11.1 LakhNet loss · -1016% margin
- -₹10.8 LakhEBITDA · -993% margin
- ₹40 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Comet Adnet Private Limited are on its company page.
Detailed financial statements for Insurax
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.
Similar companies to Insurax
Insurax has 3 listed similar companies in our database, 2 of them funded. They include Policybazaar, InsuranceDekho and PB Fintech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| policybazaar.com | 2008 | Gurugram, India | 24,206 | Insurance plans are compared and purchased via an online marketplace. | ||
| insurancedekho.com | 2016 | Gurugram, India | $394.5M | 2,077 | Online insurance policies are compared and purchased through the platform. | |
| pbfintech.in | 2008 | Gurugram, India | $443.26M | 286 | Online platform for insurance and lending products is operated. |
Detailed similar companies of Insurax
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Insurax (Insurance Technology & Support Services) in India, 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 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Frequently Asked Questions about Insurax
Insurax was founded in 2014.
Insurax is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Insurax, Comet Adnet Private Limited, reported revenue of ₹1.1 Lakh for FY 2020, down 96% year on year.
InsuraX.in provides a digital platform that simplifies insurance by offering accessible health, life, and car insurance plans tailored for individuals. Users can explore and manage their policies anytime through an online interface, making insurance more convenient and user-friendly. The service focuses on digital accessibility without specifying locations or specific clients, aiming to serve everyday consumers efficiently.
Insurax's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Insurax offers Insurance Plans and Digital Platform.
Insurax operates through Comet Adnet Private Limited.
The legal entities of Insurax currently have 2 directors, including Piyush Aggarwal, Aatit Rohitaskumar Agrawal.