About Probitas
Probitas is a Financial Services company based in Mumbai (India) founded in 2014, and was acquired by Aviva in March 2024. Motor, home, travel, health, and pet insurance services are provided. The company has 84 employees. Its Indian entity Probitas Insurance Brokers Private Limited reported revenue of ₹25.65 Cr. Its focus areas include Insurance Distribution and Diversified.
Company details
Probitas was founded in 2014 in Mumbai, India, as an insurance broker serving personal and commercial clients. Coverage for motor, home, travel, and health needs is arranged, alongside pet insurance options. Tailored commercial policies are developed for various business sectors. Partnerships with multiple insurers are maintained to obtain suitable terms and rates. Assistance is given from initial policy choices to claims processing.
- Headquarters Mumbai, India
- Employees 84
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website probitas.in
- Social LinkedIn Facebook
- Acquired by Aviva (Mar 2024)
- Legal Name Probitas Insurance Brokers Private Limited
- Date of Incorporation 19 Aug, 2014
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Probitas
Probitas operates through Probitas 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 |
|---|---|---|---|---|---|---|---|
| Probitas Insurance Brokers Private Limited CIN U66000MH2014PTC257301 | Active | 19 Aug 2014 | Mumbai, Maharashtra | ₹25.6 Cr | 84 | 3 | View details |
Investors in Probitas
Probitas has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aviva.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance and asset management services are offered in multiple regions. | 1696 | aviva.com | London, United Kingdom |
Investor details for Probitas
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Board of directors of Probitas Insurance Brokers Private Limited (Probitas)
Probitas Insurance Brokers Private Limited is the primary company behind Probitas. The board of Probitas Insurance Brokers Private Limited currently have 3 directors; the longest-serving is Nitin Mathuradas Anam, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nitin Mathuradas Anam DIN 06832464 | Director | 19 Aug 2014 | 12 yrs 2 mo | Probitas Insurance Brokers Private Limited |
| Dhara Darshit Doshi DIN 06832430 | Director | 19 Aug 2014 | 12 yrs 2 mo | Probitas Insurance Brokers Private Limited |
| Nikunj Hirendra Shah DIN 01263328 | Director | 17 Nov 2023 | 2 yrs 11 mo | Probitas Insurance Brokers Private Limited |
Financials of Probitas
Figures of Probitas Insurance Brokers Private Limited, the primary company behind Probitas, for FY 2024. Revenue was ₹25.65 Cr (+43% year on year). Net profit was ₹40.2 Lakh (2% margin). EBITDA was ₹67.7 Lakh (3% margin). Revenue has grown at a compounded annual rate of +19% over three years and +15% over five years.
- ₹25.65 CrRevenue · FY 2024 · +43% YoY
- ₹40.2 LakhNet profit · 2% margin
- ₹67.7 LakhEBITDA · 3% margin
- ₹75 LakhPaid-up capital
- 84Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Probitas Insurance Brokers Private Limited are on its company page.
Detailed financial statements for Probitas
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Timeline of Probitas
2 dated milestones of Probitas across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Probitas is founded.
- Exit Acquired by Aviva.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Probitas (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 Probitas
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Frequently Asked Questions about Probitas
Probitas was founded in 2014.
Probitas is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Probitas has 84 employees.
The primary company behind Probitas, Probitas Insurance Brokers Private Limited, reported revenue of ₹25.65 Cr for FY 2024, up 43% year on year.
Probitas was founded in 2014 in Mumbai, India, as an insurance broker serving personal and commercial clients. Coverage for motor, home, travel, and health needs is arranged, alongside pet insurance options. Tailored commercial policies are developed for various business sectors. Partnerships with multiple insurers are maintained to obtain suitable terms and rates. Assistance is given from initial policy choices to claims processing.
Probitas has 1 investor. Key investors include Aviva.
Probitas operates through Probitas Insurance Brokers Private Limited.
Yes. Probitas was acquired by Aviva in March 2024.
The legal entities of Probitas currently have 3 directors, including Nitin Mathuradas Anam, Nikunj Hirendra Shah, Dhara Darshit Doshi.