About Gennext Insurance Brokers Private Limited
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Gennext Insurance Brokers Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Prudent Corporate Advisory Services Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 07 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U66000GJ2010PTC080751. Its GSTIN is 24AADCG8892L1Z0 (Gujarat). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹87 Lakh. It is led by directors including Shivrajsinh Rajendrasinh Bais and Aniket Sunil Talati.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 306 Sears Tower Ambawadi Gulbhai Tekra, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹137.51 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹38.38 Cr (net margin 27.9%) and EBITDA of ₹54.03 Cr (EBITDA margin 39.3%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 52% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Policyworld. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹82 Lakh; the latest was in April 2019. Its 4 peer companies in the BFSI industry (Insurance Broking Firms), with the same principal business activity (life/non-life insurance and reinsurance activities) are compared by revenue, 3 larger and 1 smaller; the largest is India Insure Risk Management and Insurance Broking Services Private Limited with revenue of ₹151.27 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website policyworld.com.
Company details
CIN history
Gennext Insurance Brokers has one previous CIN (Corporate Identification Number): U66000DL2010PTC205379. The current CIN is U66000GJ2010PTC080751, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66000GJ2010PTC080751 | Current |
| U66000DL2010PTC205379 | Previous |
Contact details
Gennext Insurance Brokers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is policyworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address306 Sears Tower Ambawadi Gulbhai Tekra, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Gennext Insurance Brokers Private Limited, buy the company report.
- 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
Brands
Gennext Insurance Brokers operates one associated brand: Policyworld. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A platform offering a range of insurance products and services. | policyworld.com |
Business activity
The main business activity of Gennext Insurance Brokers is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Gennext Insurance Brokers Private Limited, buy the company report.
Financials of Gennext Insurance Brokers Private Limited
FY 2025 filings availableGennext Insurance Brokers Private Limited reported revenue of ₹137.51 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 18% growth in the latest year. EBITDA rose 35% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹54.03 Cr | ||||
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| Net Profit (PAT) | ₹38.38 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39.3% | ||||
| Net Profit Margin | 27.9% | ||||
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To see the full financial statements and ratios of Gennext Insurance Brokers Private Limited, buy the company report.
Board of directors of Gennext Insurance Brokers Private Limited
Gennext Insurance Brokers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivrajsinh Rajendrasinh Bais | Director | 28 Sep 2018 | 8 Years 1 Months | Current |
| Aniket Sunil Talati Also directs: Prudent Corporate Advisory Services Limited, Talati & Talati LLP, Sanstar Limited and 1 more | Director | 07 Jun 2021 | 5 Years 5 Months | Current |
| Chirag Ashwinkumar Shah Also directs: Prudent Corporate Advisory Services Limited | Director | 10 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Gennext Insurance Brokers Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Insurance Broking Firms), with the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Insure Risk Management and Insurance Broking Services Private Limited | ₹151.27 Cr (FY 2025) | 44.0% | Secunderabad, Telangana, India | |||
| Square Insurance Brokers Private Limited | ₹142.5 Cr (FY 2025) | 250.0% | Jaipur, Rajasthan, India | |||
| Bharat Re-Insurance Brokers Private Limited | ₹139.29 Cr (FY 2025) | 22.0% | Chennai, Tamil Nadu, India | |||
| Gennext Insurance Brokers Private Limitedthis company | ₹137.51 Cr (FY 2025) | ₹38.38 Cr | 27.9% | 18.0% | 72 | Ahmedabad, Gujarat, India |
| Good Insurance Brokers Private Limited | ₹118.57 Cr (FY 2025) | 92.0% | New Delhi, Delhi, India |
To see the full peer comparison of Gennext Insurance Brokers Private Limited, buy the company report.
Auditor
Gennext Insurance Brokers Private Limited is audited by Fenil P Shah & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Fenil P Shah & Associates | FY 2022 | 143571W |
Shareholding
The shareholding of Gennext 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 Gennext Insurance Brokers Private Limited, buy the company report.
Deals & funding
Gennext Insurance Brokers Private Limited has 5 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹82 Lakh; the latest was in April 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Acquisition | Undisclosed | Buyer: Prudent Corporate Advisory Services Limited Seller: 3 individuals |
| Jul 2014 | Funding round | ₹61 Lakh | Investors: 3 individuals |
| Feb 2014 | Funding round | ₹16 Lakh | Investors: an individual |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2011 | Funding round | ₹5 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gennext Insurance Brokers Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by individuals | Disposed |
To see the full case history of Gennext 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
No delayed payments to MSME suppliers are on our record for Gennext Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gennext Insurance Brokers Private Limited has a workforce of 72 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Gennext Insurance Brokers has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCG8892L1Z0 | Gujarat | Active | 01 Jul 2017 |
| 29AADCG8892L1ZQ | Karnataka | Active | 04 Dec 2018 |
| 08AADCG8892L1ZU | Rajasthan | Active | 05 Dec 2018 |
| 09AADCG8892L1ZS | Uttar Pradesh | Active | 06 Dec 2018 |
To see the full GST registrations and return filing status of Gennext Insurance Brokers Private Limited, buy the company report.
Recent activity
Gennext Insurance Brokers Private Limited has 13 board changes on record since 2010: 8 appointments and 5 cessations. The latest: Aniket Sunil Talati was appointed as Director on 07 Jun 2021.
4 earlier events are in the company report.
Frequently asked questions
Gennext Insurance Brokers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 07 July 2010 (16+ years old) and is registered under CIN U66000GJ2010PTC080751.
Gennext Insurance Brokers has 3 current directors:
- Shivrajsinh Rajendrasinh Bais - Director
- Aniket Sunil Talati - Director
- Chirag Ashwinkumar Shah - Director
The latest financial statements of Gennext Insurance Brokers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gennext Insurance Brokers is 24AADCG8892L1Z0, registered in Gujarat. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 29AADCG8892L1ZQ (Karnataka), 08AADCG8892L1ZU (Rajasthan), 09AADCG8892L1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Gennext Insurance Brokers is U66000GJ2010PTC080751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gennext Insurance Brokers has 1 court case on record: 1 filed against it.
Gennext Insurance Brokers was incorporated on 07 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gennext Insurance Brokers has 5 deals on record (3 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹82 Lakh; the latest was in April 2019.
The peers of Gennext Insurance Brokers by revenue are India Insure Risk Management and Insurance Broking Services Private Limited, Square Insurance Brokers Private Limited, Bharat Re-Insurance Brokers Private Limited, Good Insurance Brokers Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (life/non-life insurance and reinsurance activities).
Aniket Sunil Talati was appointed as Director on 07 Jun 2021. Govindbhai Purshottamdas Patel ceased to be Director on 03 Apr 2019. Shivrajsinh Rajendrasinh Bais was appointed as Director on 28 Sep 2018. Gennext Insurance Brokers has 13 board changes on record in total.
Gennext Insurance Brokers can be reached through the website policyworld.com. Its registered office is in Ahmedabad, Gujarat, India.
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