MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0081815
Efficient Insurance Brokers Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹60 Cr
▲ 491% YoY
Net loss · FY 2024
₹2.19 Cr
Net margin -3.6%
EBITDA · FY 2024
₹68.23 Lakh
EBITDA margin 1.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹3.25 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
81
Provident fund records
About Efficient Insurance Brokers Private Limited
Data last updated:
Efficient Insurance Brokers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Parthiv Corporate Advisory Private Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 01 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67200MH2005PTC372655. Its GSTIN is 27AABCE5220E1Z5 (Maharashtra). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹75 Lakh. It is led by directors Kishor Tukaram Jadhav and Jay Sitaram Anchan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹60 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.19 Cr (net margin -3.6%) and EBITDA of ₹68.23 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 51% over five years.
The company has about 81 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Insureefficient. As per MCA filings, the company has open charges of ₹3.25 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in September 2010. Its 6 peer companies in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 4 larger and 2 smaller; the largest is Vitrak Insurance Brokers Private Limited with revenue of ₹70.43 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2023, listing 13 overdue payments to 3 micro and small suppliers.
Efficient Insurance Brokers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0081815). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website insureefficient.com.
Company details
CIN U67200MH2005PTC372655
Registration Number 372655
Incorporation Date 01 March 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Parthiv Corporate Advisory Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0081815
CIN history
Efficient Insurance Brokers has one previous CIN (Corporate Identification Number): U67200DL2005PTC133457. The current CIN is U67200MH2005PTC372655, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67200MH2005PTC372655 | Current |
| U67200DL2005PTC133457 | Previous |
Recognitions & Rankings of Efficient Insurance Brokers
Contact details
Efficient Insurance Brokers Private Limited's registered office is in Mumbai, Maharashtra. Its website is insureefficient.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address28 Second Floor Navkar Paradise Lt Road, Bhbhai Naka Near Laxmi Chhaya Building, Mumbai, Maharashtra, India – 400092
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Efficient Insurance Brokers Private Limited, buy the company report.
Comprehensive company report
Efficient Insurance Brokers Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Efficient Insurance Brokers operates one associated brand: Insureefficient. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Insurance comparison broker | insureefficient.com |
Business activity
The main business activity of Efficient Insurance Brokers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Efficient Insurance Brokers Private Limited, buy the company report.
Financials of Efficient Insurance Brokers Private Limited
FY 2024 filings availableEfficient Insurance Brokers Private Limited reported revenue of ₹60 Cr (up 491% YoY) for FY 2024.
Revenue · FY 2024
₹60 Cr ▲ 491%
Net loss · FY 2024
₹2.19 Cr margin -3.6%
EBITDA · FY 2024
₹68.23 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 491%
3 years · compounded
▲ 77%
5 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 39%
5 years · compounded
▼ 19%
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 491% growth in the latest year. EBITDA fell 82% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| EBITDA | ₹68.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.19 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -3.6% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Efficient Insurance Brokers Private Limited, buy the company report.
Board of directors of Efficient Insurance Brokers Private Limited
Efficient Insurance Brokers has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishor Tukaram Jadhav | Additional Director | 01 Jan 2025 | 1 Years 9 Months | Current |
| Jay Sitaram Anchan Also directs: Parthiv Corporate Advisory Private Limited | Additional Director | 18 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Efficient Insurance Brokers Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vitrak Insurance Brokers Private Limited | ₹70.43 Cr (FY 2025) | 138.0% | New Delhi, Delhi, India | |||
| First Advisor Insurance Brokers Private Limited | ₹63.36 Cr (FY 2025) | 14.0% | Dhanbad, Jharkhand, India | |||
| Ab Insurance Brokers Private Limited | ₹63.04 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India | |||
| Coverfox Insurance Broking Private Limited | ₹61.63 Cr (FY 2025) | 325.0% | Mumbai, Maharashtra, India | |||
| Efficient Insurance Brokers Private Limitedthis company | ₹60 Cr (FY 2024) | -₹2.19 Cr | -3.6% | 491.0% | 81 | Mumbai, Maharashtra, India |
| Trustline Securities Limited | ₹49.8 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Velocity Insurance Broking Services Private Limited | ₹46.73 Cr (FY 2025) | 1.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Efficient Insurance Brokers Private Limited, buy the company report.
Auditor
Efficient Insurance Brokers Private Limited is audited by NGS & Co.LLP Chartered Accountants for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NGS & Co.LLP Chartered Accountants | FY 2022 | 119850W |
Shareholding
The shareholding of Efficient Insurance Brokers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Efficient Insurance Brokers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2023 | 100786867 | Axis Bank Limited | ₹3.25 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Efficient Insurance Brokers Private Limited has 3 deals on record (3 secondary share transfers); the latest was in September 2010.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2006 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Efficient Insurance Brokers Private Limited has 5 court cases on record: 2 filed by Efficient Insurance Brokers, 3 filed against it. 3 cases are pending and 2 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed against the company by PNB Metlife India Insurance Company Limited | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 7(1), Delhi | Pending |
| Bombay High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle 4(2)(1) | Pending |
| District court, Pune, Maharashtra | Court case (MACP. M.A.) | Filed against the company | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (MACC) | Filed against the company | Disposed |
To see the full case history of Efficient Insurance Brokers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Efficient Insurance Brokers Private Limited has 5 MSME Form 1 returns on record between 2022 and 2023, listing 13 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Kakaria and Associates LLP | |||
| Kaushik Nahar & Associates |
To see the full MSME payment records of Efficient Insurance Brokers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Efficient Insurance Brokers Private Limited has a workforce of 81 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
81
Active EPFO establishments
1
Employee growth
118.92%
GST
Efficient Insurance Brokers has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE5220E1Z5 | Maharashtra | Active | 31 Aug 2017 |
| 07AABCE5220E1Z7 | Delhi | Active | 01 Jul 2017 |
| 09AABCE5220E1Z3 | Uttar Pradesh | Active | 31 Aug 2017 |
| 08AABCE5220E1Z5 | Rajasthan | Active | 09 Nov 2017 |
To see the full GST registrations and return filing status of Efficient Insurance Brokers Private Limited, buy the company report.
Recent activity
Efficient Insurance Brokers Private Limited has 18 board changes on record since 2015: 2 appointments and 16 cessations. The latest: Sunil Satish Gaikwad ceased to be Additional Director on 22 Mar 2025.
Ceased
Sunil Satish Gaikwad ceased to be Additional Director.
Appointed
Jay Sitaram Anchan was appointed as Additional Director.
Ceased
Rakesh Kumar Rathi ceased to be Director.
Ceased
Kishor Krushna Sorap ceased to be Additional Director.
Appointed
Kishor Tukaram Jadhav was appointed as Additional Director.
Ceased
Pravin Sakharam Patil ceased to be Whole-Time Director.
AGM
Efficient Insurance Brokers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Samrat Patil ceased to be Director.
Ceased
Gaurav Palliwal ceased to be CEO.
Ceased
Omprasad Harischandra Padte ceased to be Director.
Filing
Efficient Insurance Brokers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Chetan Ramesh Sharma ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
Efficient Insurance Brokers is an active private limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 01 March 2005 (21+ years old) and is registered under CIN U67200MH2005PTC372655.
Efficient Insurance Brokers has 2 current directors:
- Kishor Tukaram Jadhav - Additional Director
- Jay Sitaram Anchan - Additional Director
The latest financial statements of Efficient Insurance Brokers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Efficient Insurance Brokers is 27AABCE5220E1Z5, registered in Maharashtra. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 07AABCE5220E1Z7 (Delhi), 09AABCE5220E1Z3 (Uttar Pradesh), 08AABCE5220E1Z5 (Rajasthan).
The CIN (Corporate Identification Number) of Efficient Insurance Brokers is U67200MH2005PTC372655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Efficient Insurance Brokers has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Efficient Insurance Brokers was incorporated on 01 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Efficient Insurance Brokers has 3 deals on record (3 secondary share transfers); the latest was in September 2010.
The peers of Efficient Insurance Brokers by revenue are Vitrak Insurance Brokers Private Limited, First Advisor Insurance Brokers Private Limited, Ab Insurance Brokers Private Limited, Coverfox Insurance Broking Private Limited, Trustline Securities Limited and 1 more, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Sunil Satish Gaikwad ceased to be Additional Director on 22 Mar 2025. Jay Sitaram Anchan was appointed as Additional Director on 18 Mar 2025. Rakesh Kumar Rathi ceased to be Director on 25 Jan 2025. Efficient Insurance Brokers has 18 board changes on record in total.
Yes, Efficient Insurance Brokers is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0081815).
Efficient Insurance Brokers has 5 MSME Form 1 returns on record between 2022 and 2023, listing 13 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 Aug 2023.