About Mazel Insurance Brokers Private Limited
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Mazel Insurance Brokers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 26 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65900KA2012PTC066468. Its GSTIN is 29AAFCB2570E1ZT (Karnataka).
The company has 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 (Whole-Time Director) and Shaik Mohammed Yesdani Athar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 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. For the same year it recorded a net profit of ₹72.84 Lakh (net margin 20.5%) and EBITDA of ₹1.01 Cr (EBITDA margin 28.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 24% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Basket Option. The company has 5 deals on record (5 rights issues); the latest was in June 2018.
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.
Company details
Contact details
Mazel Insurance Brokers Private Limited's registered office is in Bangalore, Karnataka. Its website is basketoption.insure. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.2307 (Old No.44/6) Ground Floor Swanlines 12th Main Road 3rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mazel 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
Mazel Insurance Brokers operates one associated brand: Basket Option. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified insurance brokerage services are provided to clients. | basketoption.insure |
Business activity
The main business activity of Mazel 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 Mazel Insurance Brokers Private Limited, buy the company report.
Financials of Mazel Insurance Brokers Private Limited
FY 2025 filings availableMazel Insurance Brokers Private Limited reported revenue of ₹3.55 Cr (up 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 36% growth in the latest year. EBITDA rose 75% 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 | ₹1.01 Cr | ||||
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| Net Profit (PAT) | ₹72.84 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 28.3% | ||||
| Net Profit Margin | 20.5% | ||||
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To see the full financial statements and ratios of Mazel Insurance Brokers Private Limited, buy the company report.
Board of directors of Mazel Insurance Brokers Private Limited
Mazel Insurance Brokers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Gaffar Sait Also directs: Passion Connect Technologies LLP, Gseas Technologies LLP, Red Lounge Capital Advisors LLP and 5 more | Whole-Time Director | 26 Oct 2012 | 14 Years 0 Months | Current |
| Shaik Mohammed Yesdani Athar | Whole-Time Director | 19 Nov 2018 | 7 Years 11 Months | Current |
Auditor
Mazel Insurance Brokers Private Limited is audited by S SARAF & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SARAF & ASSOCIATES | FY 2021 | 012082C |
Shareholding
The shareholding of Mazel Insurance Brokers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mazel Insurance Brokers Private Limited, buy the company report.
Deals & funding
Mazel Insurance Brokers Private Limited has 5 deals on record (5 rights issues); the latest was in June 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Rights issue | ₹23.4 Lakh | Investors: 2 individuals |
| Mar 2018 | Rights issue | ₹20.3 Lakh | Investors: an individual |
| Aug 2017 | Rights issue | ₹21.1 Lakh | Investors: 2 individuals |
| Dec 2016 | Rights issue | ₹26.2 Lakh | Investors: 2 individuals |
| Aug 2015 | Rights issue | ₹9.3 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Mazel Insurance Brokers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mazel Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mazel Insurance Brokers Private Limited has a workforce of 20 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Mazel Insurance Brokers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCB2570E1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mazel Insurance Brokers Private Limited, buy the company report.
Recent activity
Mazel Insurance Brokers Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Abdul Gaffar Sait ceased to be Director on 05 Mar 2019.
Frequently asked questions
Mazel Insurance Brokers is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 October 2012 (14+ years old) and is registered under CIN U65900KA2012PTC066468.
Mazel Insurance Brokers has 2 current directors:
- Abdul Gaffar Sait - Whole-Time Director
- Shaik Mohammed Yesdani Athar - Whole-Time Director
The latest financial statements of Mazel Insurance Brokers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mazel Insurance Brokers is 29AAFCB2570E1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Mazel Insurance Brokers is U65900KA2012PTC066468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mazel Insurance Brokers was incorporated on 26 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Mazel Insurance Brokers has 5 deals on record (5 rights issues); the latest was in June 2018.
Abdul Gaffar Sait ceased to be Director on 05 Mar 2019. Shaik Mohammed Yesdani Athar ceased to be Director on 05 Mar 2019. Roychand Chenraj ceased to be Director on 19 Nov 2018. Mazel Insurance Brokers has 5 board changes on record in total.
Mazel Insurance Brokers can be reached through the website basketoption.insure. Its registered office is in Bangalore, Karnataka, India.
The registered office of Mazel Insurance Brokers is at No.2307 Old No.446 Ground Floor Swanlines 12th Main Road 3rd Block East Jayanaga, R, Bangalore, Karnataka, India – 560011.
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