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: December 29, 2025

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 Metrics

Authorised Capital ₹ 1.50 Cr as on 29-12-2025
Paid Up Capital ₹ 1.32 Cr as on 29-12-2025
Company Age 23 Year, 5 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 142.06% (FY 2023)
Profit Growth **** 146.32% (FY 2023)
Ebitda **** 173.47% (FY 2023)
Net Worth 31.16% (FY 2023)
Total Assets **** 45.58% (FY 2023)

Comprehensive Company Insights

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.

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

Current Directors

Name	Designation	Appointment Date	Status
Sumit Ramesh Bajaj	Director	16 Jun 2022	Current
Suyash Sunil Patodia	Director	02 Feb 2022	Current
Arun Kumar Poddar	Director	13 Oct 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	31 Mar 2016	Past
Pramod Abcsdd	Director	28 Jan 2017	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Additional Director	30 Sep 2017	Past
Pramod Abcsdd	Director	28 Jan 2017	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past

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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%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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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%

*******

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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 Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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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 Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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

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Alerts

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

Recent Activity within the Organization

Annual General Meeting

Choice Insurance Broking India Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records. was recorded as a recent event.
20 Sep 2024
Balance Sheet

The activity Choice Insurance Broking India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.
31 Mar 2024
Director Appointment

The activity 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 4 months . was completed.
13 Oct 2023
Director Appointment

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 8 months . was recorded as a recent event.
16 Jun 2022
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 4 years 23 days . was documented.
02 Feb 2022
Company Incorporation

Progress on Choice Insurance Broking India Private Limited was registered on 27 Sep 2002 with Roc Mumbai & aged 23 years 5 months as per MCA records. was documented.
27 Sep 2002

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