About Insureefficient
Insureefficient is a Financial Services company based in Mumbai (India) founded in 2017 by Nitin Pandey. Insurance comparison broker. The company has 81 employees. Its chief executive, as recorded, is Nitin Pandey. Its Indian entity Efficient Insurance Brokers Private Limited reported revenue of ₹60.00 Cr. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Similar companies include Policybazaar, InsuranceDekho and PB Fintech; 2 of its 3 listed similar companies have raised funding.
Company details
InsureEfficient was established in 2017 in Mumbai, India, as an IRDA-registered broker in the insurance sector. An online platform is operated where users obtain instant quotes for motor, health, travel, life, and business insurance by entering details. Selected policies can be bought immediately through secure payments. The service focuses on comparison and facilitation of insurance acquisitions across these categories.
- Headquarters Mumbai, India
- Employees 81
- Founders Nitin Pandey
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website insureefficient.com
- Social LinkedIn X Facebook
- Legal Name Efficient Insurance Brokers Private Limited
- Date of Incorporation 01 Mar, 2005
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹60.00 Cr
FY 2024 · +491% YoY
- Net Loss-₹2.19 Cr
FY 2024 · -4% margin
- EBITDA₹68.2 Lakh
FY 2024 · 1% margin
- Employee Count81
Associated legal entities of Insureefficient
Insureefficient operates through Efficient Insurance Brokers 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 |
|---|---|---|---|---|---|---|---|
| Efficient Insurance Brokers Private Limited CIN U67200MH2005PTC372655 | Active | 01 Mar 2005 | Mumbai, Maharashtra | ₹60.0 Cr | 81 | 3 | View details |
Board of directors of Efficient Insurance Brokers Private Limited (Insureefficient)
Efficient Insurance Brokers Private Limited is the primary company behind Insureefficient. The board of Efficient Insurance Brokers Private Limited currently have 2 directors; the longest-serving is Kishor Tukaram Jadhav, appointed in 2025. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishor Tukaram Jadhav DIN 10384928 | Additional Director | 01 Jan 2025 | 1 yr 9 mo | Efficient Insurance Brokers Private Limited |
| Jay Sitaram Anchan DIN 11004363 | Additional Director | 18 Mar 2025 | 1 yr 7 mo | Efficient Insurance Brokers Private Limited |
People of Insureefficient
1 people are tracked at Insureefficient (1 in leadership); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Insureefficient
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Financials of Insureefficient
Figures of Efficient Insurance Brokers Private Limited, the primary company behind Insureefficient, for FY 2024. Revenue was ₹60.00 Cr (+491% year on year). Net loss was -₹2.19 Cr (-4% margin). EBITDA was ₹68.2 Lakh (1% margin). Revenue has grown at a compounded annual rate of +77% over three years and +51% over five years.
- ₹60.00 CrRevenue · FY 2024 · +491% YoY
- -₹2.19 CrNet loss · -4% margin
- ₹68.2 LakhEBITDA · 1% margin
- ₹75 LakhPaid-up capital
- 81Employees (provident fund records)
- +77%Revenue CAGR, 3 years
- +51%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Efficient Insurance Brokers Private Limited are on its company page.
Detailed financial statements for Insureefficient
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- Five-year trends
- Downloads
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Similar companies to Insureefficient
Insureefficient 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 Insureefficient
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Top companies in Insurance Providers
3 companies that operate in the same segment as Insureefficient (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 502.59 M | 31,422 |
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Frequently Asked Questions about Insureefficient
Insureefficient was founded in 2017.
Insureefficient is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nitin Pandey is the CEO of Insureefficient, as recorded in our data. They have also founded this company.
Insureefficient has 81 employees.
The primary company behind Insureefficient, Efficient Insurance Brokers Private Limited, reported revenue of ₹60.00 Cr for FY 2024, up 491% year on year.
InsureEfficient was established in 2017 in Mumbai, India, as an IRDA-registered broker in the insurance sector. An online platform is operated where users obtain instant quotes for motor, health, travel, life, and business insurance by entering details. Selected policies can be bought immediately through secure payments. The service focuses on comparison and facilitation of insurance acquisitions across these categories.
Insureefficient's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Insureefficient operates through Efficient Insurance Brokers Private Limited.
The legal entities of Insureefficient currently have 3 directors, including Kishor Tukaram Jadhav, Gaurav Palliwal, Jay Sitaram Anchan.