About SMC Insurance
SMC Insurance is a company based in Delhi (India) founded in 1990 by Mahesh Chand Gupta, Chandra Wadhwa, Rajendra Prasad Mahipal, and Sushma Gupta. It operates as a B2C. The company has 555 employees as of March 31, 2023. SMC Insurance operates in a competitive market with competitors including MetLife, Tata Capital, Kotak General Insurance, BankSaathi and BerryBox Benefits, among others.
- Headquarter Delhi, India
- Employees 555 as on 31 Mar, 2023
- Founders Mahesh Chand Gupta, Chandra Wadhwa, Rajendra Prasad Mahipal, Sushma Gupta
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Smc Insurance Brokers Private Limited
- Date of Incorporation 20 Mar, 1995
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$41.87 M (USD)26.05as on Mar 31, 2023
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Net Profit
$932.82 K (USD)-2.51as on Mar 31, 2023
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EBITDA
$1.12 M (USD)32.22as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
555
as on Mar 31, 2023
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Funding Insights of SMC Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by SMC Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SMC Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smc Insurance Comparisons
Competitors of SMC Insurance
SMC Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MetLife, Tata Capital, Kotak General Insurance, BankSaathi and BerryBox Benefits, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Diversified non-banking financial services are provided by Tata Capital.
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| domain | founded_year | HQ Location |
Provider of motor and health insurance products with instant online renewal and easy policy purchase process
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| domain | founded_year | HQ Location |
An internet-first provider offering life and health insurance services.
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| domain | founded_year | HQ Location |
DIY insurance management portal offered for enterprises and individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SMC Insurance
When was SMC Insurance founded?
SMC Insurance was founded in 1990.
Where is SMC Insurance located?
SMC Insurance is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
How many employees does SMC Insurance have?
As of Mar 31, 2023, the latest employee count at SMC Insurance is 555.
What is the annual revenue of SMC Insurance?
Annual revenue of SMC Insurance is $41.87M as on Mar 31, 2023.
What does SMC Insurance do?
SMC Insurance serves as an online-first provider of life, health, and vehicle insurance services for individuals and families through finance, insurance services, health and vehicle insurance, and life insurance. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Who are the top competitors of SMC Insurance?
SMC Insurance's top competitors include Tata Capital, MetLife and Kotak General Insurance.