About Trovity
Trovity is a company based in Hyderabad (India) founded in 2021 by Sriteja Rudraraju, PSK Varma, and Ram Patrudu. It operates as a B2C and B2B. Trovity offers products and services including Trovity Card, Claims Management, and Policy Matchmaking. Trovity operates in a competitive market with competitors including IDBI Federal, Toffee Insurance, Finizon, Kumar Investment Solutions and MoneyWorks, among others.
- Headquarter Hyderabad, India
- Founders Sriteja Rudraraju, PSK Varma, Ram Patrudu
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website trovity.com
- Social LinkedIn Facebook Instagram
- Legal Name Trovity Insuretech Insurance Broking Services Private Limited
- Date of Incorporation 11 Nov, 2021
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹2.81 Cr
FY 2024 · +360% YoY
- Net Loss-₹1.96 Cr
FY 2024 · -70% margin
- EBITDA-₹1.95 Cr
FY 2024 · -69% margin
Associated legal entities of Trovity
Trovity operates through Trovity Insuretech Insurance Broking 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 |
|---|---|---|---|---|---|---|---|
| Trovity Insuretech Insurance Broking Services Private Limited CIN U66000TG2021PTC156842 | Active | 11 Nov 2021 | Hyderabad, Telangana | ₹2.8 Cr | 22 | 3 | View details |
Products & Services of Trovity
Trovity offers a comprehensive portfolio of products and services, including Trovity Card, Claims Management, and Policy Matchmaking.
Card providing access to multiple insurance policies and benefits
System for handling insurance claims and resolutions efficiently
Service for matching users with suitable insurance plans
Board of directors of Trovity Insuretech Insurance Broking Services Private Limited (Trovity)
Trovity Insuretech Insurance Broking Services Private Limited is the primary company behind Trovity. The board of Trovity Insuretech Insurance Broking Services Private Limited currently have 3 directors; the longest-serving is Rudraraju Sri Teja, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rudraraju Sri Teja DIN 08338581 | Director | 11 Nov 2021 | 4 yrs 10 mo | Trovity Insuretech Insurance Broking Services Private Limited |
| Srinivasa Kalyan Varma Pinnammaraju DIN 02835828 | Director | 11 Nov 2021 | 4 yrs 10 mo | Trovity Insuretech Insurance Broking Services Private Limited |
| Eshwara Atchutha Vijaya Rama Patrudu Pilla DIN 08556609 | Director | 11 Nov 2021 | 4 yrs 10 mo | Trovity Insuretech Insurance Broking Services Private Limited |
People of Trovity
3 people are tracked at Trovity (3 in leadership).
| Name | Role | Group |
|---|---|---|
Sriteja Rudraraju | Co-Founder | Leadership |
PSK Varma | Co-Founder | Leadership |
Ram Patrudu | Co-Founder | Leadership |
Complete people profiles for Trovity
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Financials of Trovity
Figures of Trovity Insuretech Insurance Broking Services Private Limited, the primary company behind Trovity, for FY 2024. Revenue was ₹2.81 Cr (+360% year on year). Net loss was -₹1.96 Cr (-70% margin). EBITDA was -₹1.95 Cr (-69% margin).
- ₹2.81 CrRevenue · FY 2024 · +360% YoY
- -₹1.96 CrNet loss · -70% margin
- -₹1.95 CrEBITDA · -69% margin
- ₹81.3 LakhPaid-up capital
- 22Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Trovity Insuretech Insurance Broking Services Private Limited are on its company page.
Detailed financial statements for Trovity
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Trovity
Trovity 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 IDBI Federal, Toffee Insurance, Finizon, Kumar Investment Solutions and MoneyWorks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| idbifederal.com | 2007 | Mumbai, India | – | 787 | Life insurance policies and retirement solutions are offered nationwide. | |
| toffcover.in | 2017 | Gurugram, India | $12.19M | 1 | Provider of microinsurance products for individuals | |
| finizon.com | 2020 | Mumbai, India | $161,734 | – | Financial services are provided by Finizon in Mumbai, India. | |
| kumarinvestmentsolutions.com | 2020 | Ranchi, India | – | – | Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance. | |
| moneyworks.co.in | 2002 | Mumbai, India | – | – | Diversified assets are managed by the firm in Mumbai. | |
| tron.health | 2023 | Jaipur, India | – | – | Provides comprehensive healthcare solutions through OPD clinics and medical devices. | |
| rapinfo.co.in | 2014 | Delhi, India | – | – | Offers life, health, and motor insurance to individuals with expert advice. | |
| policystation.in | 2022 | Ghaziabad, India | – | – | Offers broking services for various insurance types like life and health coverage. |
Detailed competitors of Trovity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Trovity
The website of Trovity (trovity.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 17.2% vs previous month
Similar companies to Trovity
10 companies that operate in the same segment as Trovity (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Trovity
Trovity was founded in 2021.
Trovity is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind Trovity, Trovity Insuretech Insurance Broking Services Private Limited, reported revenue of ₹2.81 Cr for FY 2024, up 360% year on year.
Trovity provides insurance broking services for life, health, general, and marine insurance, including policy matchmaking and claims guidance. It operates as a direct broker, offering tools like risk analysis reports and a dashboard for policy management. Based in Hyderabad, India, the platform serves individuals and corporates with tailored solutions for their insurance needs, emphasizing efficient claim processing and wellness benefits.
Trovity's top competitors include IDBI Federal, Toffee Insurance and Finizon.
Trovity offers Trovity Card, Claims Management, and Policy Matchmaking.
Trovity operates through Trovity Insuretech Insurance Broking Services Private Limited.
The legal entities of Trovity currently have 3 directors, including Rudraraju Sri Teja, Srinivasa Kalyan Varma Pinnammaraju, Eshwara Atchutha Vijaya Rama Patrudu Pilla.