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M-Insure Services Private Limited - financial services in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹6.72 Cr
▼ 10% YoY
Net loss · FY 2024
₹7.58 Cr
Net margin -112.8%
EBITDA · FY 2024
-₹5.59 Cr
EBITDA margin -83.1%
Authorised capital
₹11 Lakh
Registered with MCA
Paid-up capital
₹8.6 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
64
Provident fund records
Directors on board
2
As per MCA filings
About M-Insure Services Private Limited
Data last updated:
M-Insure Services Private Limited was a private limited company based in Bangalore, Karnataka, 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 health insurance providers segment of the financial services sector. It was incorporated on 02 July 2019.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2019PTC125809. Its GSTIN is 29AAMCM7819G1ZX (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹11 Lakh and a paid-up capital of ₹8.6 Lakh. It was led by directors Neeraj Maheshwari (Whole-Time Director) and Anurag Dod (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at No.2737/1 Third Floor 27th Main Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.72 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹7.58 Cr (net margin -112.8%) and EBITDA of -₹5.59 Cr (EBITDA margin -83.1%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years.
The company had about 64 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: M-insure. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in January 2022.
The last known website on record is m-insure.in.
Company details
CIN U74110KA2019PTC125809
Registration Number 125809
Incorporation Date 02 July 2019
ROC Bangalore
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 November 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
CIN history
M-Insure Services has one previous CIN (Corporate Identification Number): U72900KA2019PTC125809. The current CIN is U74110KA2019PTC125809, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2019PTC125809 | Current |
| U72900KA2019PTC125809 | Previous |
Recognitions & Rankings of M-Insure Services
Contact details
M-Insure Services Private Limited's registered office is in Bangalore, Karnataka. Its website is m-insure.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.2737/1 Third Floor 27th Main Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryFinancial Services, Health Insurance Providers
To see the full contact details of M-Insure Services Private Limited, buy the company report.
Comprehensive company report
M-Insure Services Private Limited - one report that includes everything
- 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
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Brands
M-Insure Services operates one associated brand: M-insure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital healthcare services are delivered via an online platform. | m-insure.in |
Business activity
The main business activity of M-Insure Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of M-Insure Services Private Limited, buy the company report.
Financials of M-Insure Services Private Limited
FY 2024 filings availableM-Insure Services Private Limited reported revenue of ₹6.72 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹6.72 Cr ▼ 10%
Net loss · FY 2024
₹7.58 Cr margin -112.8%
EBITDA · FY 2024
-₹5.59 Cr margin -83.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 184%
Revenue fell 10% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 48%. EBITDA fell 24% 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 | -₹5.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.58 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -83.1% | ||||
| Net Profit Margin | -112.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of M-Insure Services Private Limited, buy the company report.
Board of directors of M-Insure Services Private Limited
M-Insure Services has 2 directors on record. No former directors are listed.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Maheshwari Also directs: M-Swasth North Solution Private Limited, M-Swasth Solutions Private Limited, Medicall Services Private Limited and 1 more | Whole-Time Director | 02 Jul 2019 | 7 Years 3 Months | As last reported |
| Anurag Dod | Whole-Time Director | 02 Jul 2019 | 7 Years 3 Months | As last reported |
Auditor
M-Insure Services Private Limited is audited by R. GOPAL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. GOPAL & ASSOCIATES | FY 2022 | 000846C |
Shareholding
The shareholding of M-Insure Services Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of M-Insure Services Private Limited, buy the company report.
Deals & funding
M-Insure Services Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in January 2022.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹1 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹1 Cr | Investors: an individual |
| Jun 2020 | Rights issue | ₹4 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
M-Insure Services Private Limited has 1 court case on record: 1 filed by M-Insure Services. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of M-Insure Services 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 M-Insure Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
M-Insure Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
M-Insure Services Private Limited has a workforce of 64 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
64
Active EPFO establishments
1
Employee growth
-4.48%
GST
M-Insure Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM7819G1ZX | Karnataka | Active | 22 Oct 2019 |
| 06AAMCM7819G1Z5 | Haryana | Active | 01 May 2021 |
To see the full GST registrations and return filing status of M-Insure Services Private Limited, buy the company report.
Recent activity
M-Insure Services Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Anurag Dod was appointed as Whole-Time Director on 02 Jul 2019.
AGM
M-Insure Services Private Limited last Annual general meeting of members was held on 30 Nov 2024 as per latest MCA records.
Filing
M-Insure Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Anurag Dod was appointed as Whole-Time Director.
Appointed
Neeraj Maheshwari was appointed as Whole-Time Director.
Incorporation
02 Jul 2019
M-Insure Services Private Limited was registered on 02 Jul 2019 with Roc Bangalore & aged 7 years 3 months as per MCA records.
Frequently asked questions
M-Insure Services 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.
M-Insure Services was a private limited company based in Bangalore, Karnataka, India. The company worked in health insurance providers, within the financial services industry. It was incorporated on 02 July 2019 and is registered under CIN U74110KA2019PTC125809. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
M-Insure Services was incorporated on 02 July 2019. It is registered with the Registrar of Companies, Bangalore.
M-Insure Services had 2 directors:
- Neeraj Maheshwari - Whole-Time Director
- Anurag Dod - Whole-Time Director
The CIN (Corporate Identification Number) of M-Insure Services is U74110KA2019PTC125809. 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 M-Insure Services is at No.27371 Third Floor 27th Main Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
Yes, M-Insure Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
M-Insure Services can be reached through the website m-insure.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of M-Insure Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 November 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of M-Insure Services is 29AAMCM7819G1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAMCM7819G1Z5 (Haryana).