About ShiftRisk
ShiftRisk is a Financial Services company based in Mumbai (India) founded in 2008. Insurance quotes for individuals are compared online across multiple categories. The company has 71 employees. Its chief executive, as recorded, is Kunal D Popat. Its Indian entity Shift Risk Insurance Brokers Limited reported revenue of ₹18.33 Cr. ShiftRisk offers products and services including Car Insurance, Health Insurance, Bike Insurance, Term Insurance, and Travel Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified.
Company details
ShiftRisk was founded in 2008 in Mumbai, India, and operates as an online platform in the insurance sector. Quotes for car, health, life, travel, and other insurances are provided to individuals for comparison. Claim processing and settlement services are also handled through the platform, supporting users in various insurance needs.
- Headquarters Mumbai, India
- Employees 71
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website shiftrisk.com
- Social LinkedIn X Facebook Instagram
- Legal Name Shift Risk Insurance Brokers Limited
- Date of Incorporation 01 Apr, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹18.33 Cr
FY 2024 · +93% YoY
- Net Profit₹2.19 Cr
FY 2024 · 12% margin
- EBITDA₹3.65 Cr
FY 2024 · 20% margin
- Employee Count71
Associated legal entities of ShiftRisk
ShiftRisk operates through Shift Risk Insurance Brokers 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 |
|---|---|---|---|---|---|---|---|
| Shift Risk Insurance Brokers Limited CIN U66000MH2008PLC180664 | Active | 01 Apr 2008 | Mumbai, Maharashtra | ₹18.3 Cr | 71 | 4 | View details |
Products & Services of ShiftRisk
ShiftRisk offers a comprehensive portfolio of products and services, including Car Insurance, Health Insurance, Bike Insurance, Term Insurance, and Travel Insurance.
Covers vehicles against accidents and damages.
Provides coverage for medical expenses and treatments.
Offers protection for motorcycles and riders.
Delivers life coverage for a specified period.
Insures trips against cancellations and emergencies.
Board of directors of Shift Risk Insurance Brokers Limited (ShiftRisk)
Shift Risk Insurance Brokers Limited is the primary company behind ShiftRisk. The board of Shift Risk Insurance Brokers Limited currently have 4 directors; the longest-serving is Vishva Mitter Handa, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vishva Mitter Handa DIN 06976956 | Director | 23 Jun 2015 | 11 yrs 4 mo | Shift Risk Insurance Brokers Limited |
| Hetal Himanshu Sodha DIN 07341892 | Director | 19 Nov 2015 | 10 yrs 11 mo | Shift Risk Insurance Brokers Limited |
| Kanika Kunal Popat DIN 09391064 | Director | 27 Dec 2021 | 4 yrs 10 mo | Shift Risk Insurance Brokers Limited |
| Raghavendra Rao Matam DIN 10818893 | Director | 16 Jan 2025 | 1 yr 9 mo | Shift Risk Insurance Brokers Limited |
People of ShiftRisk
1 people are tracked at ShiftRisk (1 in leadership); the tracked headcount is 71.
| Name | Role | Group |
|---|---|---|
| CEO & Director | Leadership |
Complete people profiles for ShiftRisk
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ShiftRisk
Figures of Shift Risk Insurance Brokers Limited, the primary company behind ShiftRisk, for FY 2024. Revenue was ₹18.33 Cr (+93% year on year). Net profit was ₹2.19 Cr (12% margin). EBITDA was ₹3.65 Cr (20% margin). Revenue has grown at a compounded annual rate of +38% over three years and +23% over five years.
- ₹18.33 CrRevenue · FY 2024 · +93% YoY
- ₹2.19 CrNet profit · 12% margin
- ₹3.65 CrEBITDA · 20% margin
- ₹75 LakhPaid-up capital
- 71Employees (provident fund records)
- +38%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shift Risk Insurance Brokers Limited are on its company page.
Detailed financial statements for ShiftRisk
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.
Top companies in Insurance Providers
3 companies that operate in the same segment as ShiftRisk (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 ShiftRisk
ShiftRisk was founded in 2008.
ShiftRisk is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kunal D Popat is the CEO of ShiftRisk, as recorded in our data.
ShiftRisk has 71 employees.
The primary company behind ShiftRisk, Shift Risk Insurance Brokers Limited, reported revenue of ₹18.33 Cr for FY 2024, up 93% year on year.
ShiftRisk was founded in 2008 in Mumbai, India, and operates as an online platform in the insurance sector. Quotes for car, health, life, travel, and other insurances are provided to individuals for comparison. Claim processing and settlement services are also handled through the platform, supporting users in various insurance needs.
ShiftRisk offers Car Insurance, Health Insurance, Bike Insurance, Term Insurance, and Travel Insurance.
ShiftRisk operates through Shift Risk Insurance Brokers Limited.
The legal entities of ShiftRisk currently have 4 directors, including Hetal Himanshu Sodha, Kanika Kunal Popat, Vishva Mitter Handa and others.