About Mazel Insurance Brokers Private Limited
Data last updated: 19 February 2026
Mazel Insurance Brokers Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It specialises in diversified financial services, a part of the broader financial services sector. Incorporated on 26 October 2012, the company has been in operation for over 14 years.
Registered with ROC Bangalore under CIN U65900KA2012PTC066468.
Capital: an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹1.92 Cr. It is led by directors Abdul Gaffar Sait and Shaik Mohammed Yesdani Athar.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.55 Cr, a growth of 36% compared to the previous year.
The company has a workforce of approximately 20 employees as per the latest available data.
The company is associated with 1 brand - Basket Option.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website basketoption.insure.
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Registered AddressNo.2307 (Old No.44/6) Ground Floor Swanlines 12Th Main Road 3Rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011
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IndustryFinancial Services, Diversified Financial Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited operates one associated brand: Basket Option. These brands represent Mazel Insurance Brokers Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Diversified insurance brokerage services are provided to clients. | basketoption.insure |
Business Activity of Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including life/non-life insurance and reinsurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities | Locked |
Business activity turnover details for Mazel Insurance Brokers Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited is audited by S SARAF & ASSOCIATES for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S SARAF & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Mazel Insurance Brokers Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited is currently managed by 2 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Abdul Gaffar Sait
Also directs:
Passion Connect Technologies Llp, Gseas Technologies Llp, Red Lounge Capital Advisors Llp and 5 more
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Whole-Time Director | 26 Oct 2012 | 13 Years 9 Months | Current |
| Shaik Mohammed Yesdani Athar | Whole-Time Director | 19 Nov 2018 | 7 Years 8 Months | Current |
Financials of Mazel Insurance Brokers Private Limited FY 2025 filings available
Mazel Insurance Brokers Private Limited reported revenue of ₹3.55 Cr (up 36.00% YoY) for FY 2024.
Ten-year financial statements for Mazel Insurance Brokers Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mazel Insurance Brokers Private Limited
Shareholding and ownership data for Mazel Insurance Brokers Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited has a workforce of 20 employees as of Apr 02, 2024.
Employee and EPFO history for Mazel Insurance Brokers Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mazel Insurance Brokers Private Limited
GST registrations and filing compliance for Mazel Insurance Brokers Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Mazel Insurance Brokers Private Limited
Credit ratings, litigation, and regulatory alerts for Mazel Insurance Brokers Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mazel Insurance Brokers Private Limited
MSME payment history for Mazel Insurance Brokers Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mazel Insurance Brokers Private Limited
Corporate group structure for Mazel Insurance Brokers Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mazel Insurance Brokers Private Limited
MCA filings and documents for Mazel Insurance Brokers Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mazel Insurance Brokers Private Limited
Frequently Asked Questions about Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers Private Limited is an active private limited company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 26 October 2012 (14+ years old) and is registered under CIN U65900KA2012PTC066468. The company has 20 employees.
Mazel Insurance Brokers Private Limited reported revenue of ₹3.55 Cr for FY 2024 (up 36.00% YoY).
The current directors of Mazel Insurance Brokers Private Limited are:
- Abdul Gaffar Sait - Whole-Time Director
- Shaik Mohammed Yesdani Athar - Whole-Time Director
The primary industry of Mazel Insurance Brokers Private Limited is financial services. The company specifically operates in diversified financial services. The company is currently active in this sector.
Yes, Mazel Insurance Brokers Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Mazel Insurance Brokers Private Limited can be reached at the registered office: No.2307 Old No.446 Ground Floor Swanlines 12Th Main Road 3Rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011, or through the website basketoption.insure.