Choice Insurance Broking India Private Limited Company Logo

Choice Insurance Broking India Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 2002.

2002 | Mumbai, Maharashtra, India | Active
Last Updated:

About Choice Insurance Broking India Private Limited

Choice Insurance Broking India Private Limited, a active private limited company, was established on 27 September 2002 in Mumbai, Maharashtra, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U67200MH2002PTC137373. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1.50 Cr and a paid-up capital of ₹1.32 Cr.

Formerly known as Satyan Insurance Services Private Limited, Choice Insurance Broking Private Limited. It upholds a compliant status. Employing 66 professional, Its leadership includes Sumit Ramesh Bajaj (Director), Suyash Sunil Patodia (Director), Arun Kumar Poddar (Director). Past directors included Radhika Subramanian, Satyen Yeshwant Sanghavi, Sumit Ramesh Bajaj. Its latest AGM occurred on 20 September 2024, with the balance sheet filed on 31 March 2024. It is based at Sunil Patodia Tower, Plot No. 156-158 J.B. Nagar, Andheri (East), Mumbai, Maharashtra, 400099.

Company Details

  • CIN/LLPIN

    U67200MH2002PTC137373

  • Registration Number

    137373

  • Incorporation Date

    27 September 2002

  • Authorized Capital

    ₹1.50 Cr

  • Paid-Up Capital

    ₹1.32 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.32 Cr
  • Company Age 23 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 142.06%
  • Profit Growth 146.32%
  • Ebitda 173.47%
  • Net Worth 31.16%
  • Total Assets 45.58%
Company report

Choice Insurance Broking India Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Choice Insurance Broking India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report Banner Element

Who are the key members and board of directors at Choice Insurance Broking India Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Sumit Ramesh BajajDirector16 Jun 2022Current
Suyash Sunil PatodiaDirector02 Feb 2022Current
Arun Kumar PoddarDirector13 Oct 2023Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector31 Mar 2016Past
Pramod AbcsddDirector28 Jan 2017Past
Pramod AbcsddAdditional Director30 Sep 2022Past
Pramod AbcsddAdditional Director30 Sep 2017Past
Pramod AbcsddDirector28 Jan 2017Past
Pramod AbcsddAdditional Director30 Sep 2022Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Choice Insurance Broking India.

Choice Insurance Broking India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 142.06% increase. The company also saw a substantial improvement in profitability, with a 146.32% increase in profit. The company's net worth Soared by an impressive increase of 31.16%.

Choice Insurance Broking India revenue growth over time
Choice Insurance Broking India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
142.06%
Revenue from Operations
143.67%
Total Assets
45.58%
Profit or Loss
146.32%
Net Worth
31.16%
EBITDA
173.47%

What is the Ownership and Shareholding Structure of Choice Insurance Broking India?

In 2023, Choice Insurance Broking India had a promoter holding of 50.00% and a public holding of 50.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

There are no open charges registered against the company as per our records.

How Many Employees Work at Choice Insurance Broking India?

Choice Insurance Broking India has a workforce of 66 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Choice Insurance Broking India Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Choice Insurance Broking India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Choice Insurance Broking India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Choice Insurance Broking India

Recent Activity within the Organization

  • Annual General Meeting

    Progress on Choice Insurance Broking India Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Choice Insurance Broking India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Director Appointment

    Arun Kumar Poddar was appointed as a Director was appointed as a Director on 13 Oct 2023 & has been associated with this company since 2 years 1 month . was recorded as a recent event.

  • Director Appointment

    Progress on Sumit Ramesh Bajaj was appointed as a Director was appointed as a Director on 16 Jun 2022 & has been associated with this company since 3 years 5 months . was documented.

  • Director Appointment

    Progress on Suyash Sunil Patodia was appointed as a Director was appointed as a Director on 02 Feb 2022 & has been associated with this company since 3 years 9 months . was documented.

  • Company Incorporation

    Progress on Choice Insurance Broking India Private Limited was registered on 27 Sep 2002 with Roc Mumbai & aged 23 years 2 months as per MCA records. was documented.

Recent News, Updates & Announcement

Frequently Asked Questions

  • What is the CIN of Choice Insurance Broking India Private Limited?

    The CIN of Choice Insurance Broking India Private Limited is U67200MH2002PTC137373.

  • Where is Choice Insurance Broking India Private Limited headquartered?

    Choice Insurance Broking India Private Limited is headquartered at Sunil Patodia Tower, Plot No. 156-158 J.B. Nagar, Andheri (East), Mumbai, Maharashtra, 400099.

  • When was Choice Insurance Broking India Private Limited incorporated?

    Choice Insurance Broking India Private Limited was incorporated on 27 September 2002.

  • Who are the current directors of Choice Insurance Broking India Private Limited?

    The current directors of Choice Insurance Broking India Private Limited are

  • What is the primary industry of Choice Insurance Broking India Private Limited?

    The primary industry of Choice Insurance Broking India Private Limited is Financial And Insurance Service.

  • Is Choice Insurance Broking India Private Limited a listed company?

    Choice Insurance Broking India Private Limited is unlisted.

  • What is the capital structure of Choice Insurance Broking India Private Limited?

    The authorized capital of Choice Insurance Broking India Private Limited is ₹1.50 Cr, and the paid-up capital is ₹1.32 Cr.

  • What is the compliance status of Choice Insurance Broking India Private Limited?

    The compliance status of Choice Insurance Broking India Private Limited is Compliant.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial