About Medimanage Insurance Broking Private Limited
Data last updated:
Medimanage Insurance Broking Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 14 December 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74130MH2005PTC158132. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹50 Lakh. It was led by directors Purandar Sudhindra Bhavani and Sudhir Keshav Sarnobat.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 101 Shivkrupa Kirol Vidya Vihar (West), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2016, the company reported a revenue of ₹9.68 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹59.57 Lakh (net margin 6.2%) and EBITDA of ₹1.64 Cr (EBITDA margin 16.9%).
The company had about 23 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹20 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The last known website on record is medimanage.com.
Company details
Contact details
Medimanage Insurance Broking Private Limited's registered office is in Mumbai, Maharashtra. Its website is medimanage.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address101 Shivkrupa Kirol Vidya Vihar (West), Mumbai, Maharashtra, India – 400086
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Medimanage 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
Business activity
The main business activity of Medimanage Insurance Broking 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 Medimanage Insurance Broking Private Limited, buy the company report.
Financials of Medimanage Insurance Broking Private Limited
FY 2016 filings availableMedimanage Insurance Broking Private Limited reported revenue of ₹9.68 Cr (up 22% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 22% in the latest year. EBITDA rose 70% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹9.68 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.64 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹59.57 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 16.9% | |
| Net Profit Margin | 6.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Medimanage Insurance Broking Private Limited, buy the company report.
Board of directors of Medimanage Insurance Broking Private Limited
Medimanage Insurance Broking has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purandar Sudhindra Bhavani | Director | 19 Dec 2005 | 20 Years 10 Months | As last reported |
| Sudhir Keshav Sarnobat Also directs: Acastus Solutions LLP, Amplios Solutions LLP, Mittelstand Business Solutions Private Limited and 1 more | Director | 14 Dec 2005 | 20 Years 10 Months | As last reported |
Peer comparison
Medimanage Insurance Broking 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 |
|---|---|---|---|---|---|---|
| CRC Insurance Broking Private Limited | ₹10.16 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Get Paz Insurance Brokers Private Limited | ₹9.75 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India | |||
| Medimanage Insurance Broking Private Limitedthis company | ₹9.68 Cr (FY 2016) | ₹59.57 Lakh | 6.2% | 22.0% | 23 | Mumbai, Maharashtra, India |
| K-Secure Risk Management & Insurance Broking Private Limited | ₹9.65 Cr (FY 2025) | 17.0% | Chandigarh, India | |||
| Stenhouse Insurance Brokers Private Limited | ₹9.53 Cr (FY 2025) | 22.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Medimanage Insurance Broking Private Limited, buy the company report.
Auditor
Medimanage Insurance Broking Private Limited is audited by Prashant Kulkarni & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prashant Kulkarni & Co. | FY 2016 |
Shareholding
The shareholding of Medimanage Insurance Broking Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Medimanage Insurance Broking Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2008 | 10095892 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹20 Lakh | Satisfied |
To see the full charge records of Medimanage Insurance Broking Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Medimanage Insurance Broking Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company by Exegesis Infotech (India) Private Limited and Anr | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Exegesis Infotech (India) Private Limited and Anr | Disposed |
To see the full case history of Medimanage 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
No delayed payments to MSME suppliers are on our record for Medimanage Insurance Broking Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medimanage Insurance Broking Private Limited has a workforce of 23 employees on its EPFO records as of Mar 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 23 |
| FY 2016-17 |
To see the full employee and EPFO history of Medimanage Insurance Broking Private Limited, buy the company report.
GST
Medimanage Insurance Broking has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Medimanage Insurance Broking Private Limited, buy the company report.
Recent activity
Medimanage Insurance Broking Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Purandar Sudhindra Bhavani was appointed as Director on 19 Dec 2005.
Frequently asked questions
Medimanage Insurance Broking has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Medimanage Insurance Broking was a private limited company based in Mumbai, Maharashtra, India. The company worked in insurance brokerage and advisory, within the financial services industry. It was incorporated on 14 December 2005 and is registered under CIN U74130MH2005PTC158132. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Medimanage Insurance Broking was incorporated on 14 December 2005. It is registered with the Registrar of Companies, Mumbai.
Medimanage Insurance Broking had 2 directors:
- Purandar Sudhindra Bhavani - Director
- Sudhir Keshav Sarnobat - Director
The CIN (Corporate Identification Number) of Medimanage Insurance Broking is U74130MH2005PTC158132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Medimanage Insurance Broking is at 101 Shivkrupa Kirol Vidya Vihar West, Mumbai, Maharashtra, India – 400086.
Medimanage Insurance Broking can be reached through the website medimanage.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Medimanage Insurance Broking on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Medimanage Insurance Broking has 1 GST registration on record and it is cancelled or inactive.
Medimanage Insurance Broking operated in the financial services industry, in the insurance brokerage and advisory segment.
The peers of Medimanage Insurance Broking by revenue are CRC Insurance Broking Private Limited, Get Paz Insurance Brokers Private Limited, K-Secure Risk Management & Insurance Broking Private Limited, Stenhouse 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).
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