About Inditrade Insurance Broking Private Limited
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Inditrade Insurance Broking Private Limited is a private limited company based in Kochi, Kerala, India, a subsidiary of Juno Moneta Technologies Private Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 22 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67190KL2000PTC013701. Its GSTIN is 32AABCJ4057C1Z4 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.5 Cr. It was formerly known as Jrg Insurance Broking Private Limited and Jrg Financial Services Private Limited. It is led by directors Biju Sreeramachandran and Kerachan Ayyappan Somasekharan.
Its last annual general meeting (AGM) was held on 01 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Second Floor M E S Building Kaloor, Kochi, Kerala, India – 682017.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.69 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹53.3 Lakh (net margin 31.5%) and EBITDA of ₹65.32 Lakh (EBITDA margin 38.6%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 19% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: JRG Financials and Inditrade. Court records list 1 case involving the company, including 1 filed against it. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2015. Its 5 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, 3 larger and 2 smaller; the largest is Jayantha Insurance Broking Private Limited with revenue of ₹1.8 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inditrade.com.
Company details
Name history
Inditrade Insurance Broking has undergone 2 name changes throughout its history. The company was previously known as Jrg Insurance Broking Private Limited, and Jrg Financial Services Private Limited. The current legal name is Inditrade Insurance Broking Private Limited.
| Company Name | Status |
|---|---|
| Inditrade Insurance Broking Private Limited | Current |
| Jrg Insurance Broking Private Limited | Previous |
| Jrg Financial Services Private Limited | Previous |
Contact details
Inditrade Insurance Broking Private Limited's registered office is in Kochi, Kerala. Its website is inditrade.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSecond Floor M E S Building Kaloor, Kochi, Kerala, India – 682017
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Inditrade Insurance Broking 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
Inditrade Insurance Broking operates two associated brands: JRG Financials and Inditrade. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides financial planning, risk management, and wealth advisory services. | jrgfinancial.com | |
| Stock broking, agri commodity financing, and microfinance services are provided. | inditrade.com |
Business activity
The main business activity of Inditrade Insurance Broking 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 Inditrade Insurance Broking Private Limited, buy the company report.
Financials of Inditrade Insurance Broking Private Limited
FY 2024 filings availableInditrade Insurance Broking Private Limited reported revenue of ₹1.69 Cr (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 57% fall in the latest year. EBITDA fell 36% 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 | ₹65.32 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹53.3 Lakh | ||||
| Balance Sheet | |||||
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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 | 38.6% | ||||
| Net Profit Margin | 31.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Inditrade Insurance Broking Private Limited, buy the company report.
Board of directors of Inditrade Insurance Broking Private Limited
Inditrade Insurance Broking has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Biju Sreeramachandran Also directs: Inditrade Technologies Limited | Director | 14 Mar 2019 | 7 Years 7 Months | Current |
| Kerachan Ayyappan Somasekharan | Director | 23 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Inditrade Insurance Broking Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Jayantha Insurance Broking Private Limited | ₹1.8 Cr (FY 2025) | -12.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Makhathi Insurance Broker Private Limited | ₹1.79 Cr (FY 2025) | -28.0% | Thanjavur, Tamil Nadu, India | |||
| Kare India Insurance Brokers Private Limited | ₹1.69 Cr (FY 2025) | 33.0% | Delhi, India | |||
| Inditrade Insurance Broking Private Limitedthis company | ₹1.69 Cr (FY 2025) | ₹53.3 Lakh | 31.5% | -57.0% | 23 | Kochi, Kerala, India |
| Vrddhi Insurance Broking Services India Private Limited | ₹1.68 Cr (FY 2024) | 9.0% | Bangalore, Karnataka, India | |||
| Moneypalm Wealth Private Limited | ₹1.67 Cr (FY 2025) | -37.0% | New Delhi, Delhi, India |
To see the full peer comparison of Inditrade Insurance Broking Private Limited, buy the company report.
Auditor
Inditrade Insurance Broking Private Limited is audited by Kamlesh P Mehta for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kamlesh P Mehta | FY 2023 | 120063W |
Shareholding
The shareholding of Inditrade Insurance Broking 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 Inditrade Insurance Broking Private Limited, buy the company report.
Deals & funding
Inditrade Insurance Broking Private Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Inditrade Rural Marketing Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2006 | Acquisition | Undisclosed | Buyer: Inditrade Rural Marketing Limited Seller: Inditrade Capital Limited |
To see the full deal history of Inditrade Insurance Broking Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Inditrade Insurance Broking 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 | Court case (CARBP) | Filed against the company by PNB Metlife India Insurance Company Limited | Disposed |
To see the full case history of Inditrade Insurance Broking 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
Inditrade Insurance Broking Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Biz Equip Advisory LLP |
To see the full MSME payment records of Inditrade Insurance Broking Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Inditrade Insurance Broking Private Limited has a workforce of 23 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Inditrade Insurance Broking has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCJ4057C1Z4 | Kerala | Active | 01 Jul 2017 |
| 07AABCJ4057C1ZX | Delhi | Active | 10 Sep 2021 |
To see the full GST registrations and return filing status of Inditrade Insurance Broking Private Limited, buy the company report.
Recent activity
Inditrade Insurance Broking Private Limited has 36 board changes on record since 2000: 19 appointments and 17 cessations. The latest: Naveen Kumar Jain ceased to be Director on 24 Jul 2023.
27 earlier events are in the company report.
News
Frequently asked questions
Inditrade Insurance Broking is an active private limited company based in Kochi, Kerala, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 22 February 2000 (26+ years old) and is registered under CIN U67190KL2000PTC013701.
Inditrade Insurance Broking has 2 current directors:
- Biju Sreeramachandran - Director
- Kerachan Ayyappan Somasekharan - Director
The latest financial statements of Inditrade Insurance Broking on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 01 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Inditrade Insurance Broking is 32AABCJ4057C1Z4, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AABCJ4057C1ZX (Delhi).
The CIN (Corporate Identification Number) of Inditrade Insurance Broking is U67190KL2000PTC013701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inditrade Insurance Broking has 1 court case on record: 1 filed against it.
Inditrade Insurance Broking was incorporated on 22 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ernakulam.
Inditrade Insurance Broking has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in September 2015.
The peers of Inditrade Insurance Broking by revenue are Jayantha Insurance Broking Private Limited, Makhathi Insurance Broker Private Limited, Kare India Insurance Brokers Private Limited, Vrddhi Insurance Broking Services India Private Limited, Moneypalm Wealth Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Naveen Kumar Jain ceased to be Director on 24 Jul 2023. Naveen Kumar Jain was appointed as Director on 03 Nov 2021. Konnoth Joseph Samson ceased to be Director on 12 May 2021. Inditrade Insurance Broking has 36 board changes on record in total.
Inditrade Insurance Broking has 2 MSME Form 1 returns on record for the period ending Sep 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 19 Dec 2023.
Inditrade Insurance Broking can be reached through the website inditrade.com. Its registered office is in Kochi, Kerala, India.
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