About paisaplan
paisaplan is a Financial Services company based in Hyderabad (India) founded in 2020. It provides online platform for buying, claiming, renewing, and managing insurance policies. It operates on a D2C and B2B model. The company has 1 employees. paisaplan offers products and services including Trovity and Mad Over Insurance. Its focus areas include FinTech, InsureTech, Insurance Services and Policy Management. Its legal entity in India is Paisaplan Financial Services Private Limited (U74140TG2020PTC145963). Its competitors include Tata Capital, Kotak General Insurance and SMC Insurance.
Company details
Paisaplan is a tech-based platform that enables affordable access to insurance services, including buying, claiming, renewing, and managing policies through its Trovity solution. It caters to individual and corporate clients, focusing on physical, financial, mental, and cyber health insurances. Based in Hyderabad, India, the company uses innovative technology to simplify insurance processes and provides a knowledge hub for education. It collaborates with experts to offer comprehensive support.
- Headquarters Hyderabad, India
- Employees 1
- SectorsFinancial Services
- Email••••••••
- Website paisaplan.in
- Social X
- Legal Name Paisaplan Financial Services Private Limited
- Date of Incorporation 16 Nov, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹2,200
FY 2024 · 0% YoY
- Net Loss-₹1.31 Cr
FY 2024 · -594233% margin
- EBITDA-₹1.05 Cr
FY 2024 · -479178% margin
- Employee Count1
Associated legal entities of paisaplan
paisaplan operates through Paisaplan Financial Services 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 |
|---|---|---|---|---|---|---|---|
| Paisaplan Financial Services Private Limited CIN U74140TG2020PTC145963 | Active | 16 Nov 2020 | Hyderabad, Telangana | ₹0.0 Cr | 6 | View details |
Products & Services of paisaplan
paisaplan offers a comprehensive portfolio of products and services, including Trovity and Mad Over Insurance.
Platform for buying, claiming, and managing insurance policies online.
Resource for learning and exploring insurance topics globally.
Board of directors of Paisaplan Financial Services Private Limited (paisaplan)
Paisaplan Financial Services Private Limited is the primary company behind paisaplan. The board of Paisaplan Financial Services Private Limited currently have 5 directors; the longest-serving is Srinivasa Kalyan Varma Pinnammaraju, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivasa Kalyan Varma Pinnammaraju DIN 02835828 | Director | 16 Nov 2020 | 5 yrs 11 mo | Paisaplan Financial Services Private Limited |
| Eshwara Atchutha Vijaya Rama Patrudu Pilla DIN 08556609 | Director | 16 Nov 2020 | 5 yrs 11 mo | Paisaplan Financial Services Private Limited |
| Rudraraju Sri Teja DIN 08338581 | Director | 02 Mar 2022 | 4 yrs 8 mo | Paisaplan Financial Services Private Limited |
| Yendluri Ramesh DIN 10147091 | CFO | 04 May 2023 | 3 yrs 6 mo | Paisaplan Financial Services Private Limited |
| Ravi Kiran Varma Kalidindi DIN 01798930 | Director | 26 Apr 2024 | 2 yrs 6 mo | Paisaplan Financial Services Private Limited |
Financials of paisaplan
Figures of Paisaplan Financial Services Private Limited, the primary company behind paisaplan, for FY 2024. Revenue was ₹2,200 (0% year on year). Net loss was -₹1.31 Cr (-594233% margin). EBITDA was -₹1.05 Cr (-479178% margin). Revenue has grown at a compounded annual rate of -65% over three years.
- ₹2,200Revenue · FY 2024 · 0% YoY
- -₹1.31 CrNet loss · -594233% margin
- -₹1.05 CrEBITDA · -479178% margin
- ₹77.5 LakhPaid-up capital
- -65%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Paisaplan Financial Services Private Limited are on its company page.
Detailed financial statements for paisaplan
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.
Competitors of paisaplan
paisaplan has 3 listed competitors in our database. They include Tata Capital, Kotak General Insurance and SMC Insurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tatacapital.com | 2007 | Mumbai, India | 27,075 | Diversified non-banking financial services are provided by Tata Capital. | ||
| kotakgeneral.com | 2015 | Mumbai, India | 1,897 | Provider of motor and health insurance products with instant online renewal and easy policy purchase process | ||
| smcinsurance.com | 1990 | Delhi, India | 472 | Serves as an online-first provider of life, health, and vehicle insurance services for individuals and families. |
Detailed competitors of paisaplan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as paisaplan (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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Frequently Asked Questions about paisaplan
paisaplan was founded in 2020.
paisaplan is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
paisaplan has 1 employees.
The primary company behind paisaplan, Paisaplan Financial Services Private Limited, reported revenue of ₹2,200 for FY 2024, down 0% year on year.
Paisaplan is a tech-based platform that enables affordable access to insurance services, including buying, claiming, renewing, and managing policies through its Trovity solution. It caters to individual and corporate clients, focusing on physical, financial, mental, and cyber health insurances. Based in Hyderabad, India, the company uses innovative technology to simplify insurance processes and provides a knowledge hub for education. It collaborates with experts to offer comprehensive support.
paisaplan's top competitors include Tata Capital, Kotak General Insurance and SMC Insurance.
paisaplan offers Trovity and Mad Over Insurance.
paisaplan operates through Paisaplan Financial Services Private Limited.
The legal entities of paisaplan currently have 5 directors, including Ravi Kiran Varma Kalidindi, Rudraraju Sri Teja, Yendluri Ramesh and others.