About Mycover Business Solutions Private Limited
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Mycover Business Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 14 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45100DL2002PTC304308. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Galaxy Risk Brokers Private Limited and Galaxy Risk Insurance Brokers Private Limited. It is led by directors Anil Kumar Bhasker and Kunal Gambhir.
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 68 – 68/1 Basement – 1, Najafgarh Road Industrial Area Moti Nagar, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2022, the company reported a revenue of ₹21.88 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹4.33 Lakh (net margin -19.8%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
The company is associated with 1 brand: MyCover.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website getmycover.com.
Company details
Name history
Mycover Business Solutions has undergone 3 name changes throughout its history. The company was previously known as Galaxy Risk Brokers Private Limited, Galaxy Risk Insurance Brokers Private Limited, and Mycover Business Solutions Private Limited. The current legal name is Mycover Business Solutions Private Limited.
| Company Name | Status |
|---|---|
| Mycover Business Solutions Private Limited | Current |
| Galaxy Risk Brokers Private Limited | Previous |
| Galaxy Risk Insurance Brokers Private Limited | Previous |
CIN history
Mycover Business Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45100DL2002PTC304308, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45100DL2002PTC304308 | Current |
| U67200PB2002PTC025572 | Previous |
| U67200DL2002PTC304308 | Previous |
Contact details
Mycover Business Solutions Private Limited's registered office is in New Delhi, Delhi.
- Registered Address68 – 68/1 Basement – 1, Najafgarh Road Industrial Area Moti Nagar, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Insurance Brokerage & Advisory
- 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
Mycover Business Solutions operates one associated brand: MyCover. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services in Maine. | getmycover.com |
Financials of Mycover Business Solutions Private Limited
FY 2025 filings availableMycover Business Solutions Private Limited reported revenue of ₹21.88 Lakh (up 2% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 36%. 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
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| Net Profit (PAT) | -₹4.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Net Profit Margin | -19.8% | ||||
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To see the full financial statements and ratios of Mycover Business Solutions Private Limited, buy the company report.
Board of directors of Mycover Business Solutions Private Limited
Mycover Business Solutions has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Bhasker Also directs: D D Industries Limited, Solitaire Hospitalities Private Limited | Director | 09 Dec 2015 | 10 Years 11 Months | Current |
| Kunal Gambhir Also directs: My Cover Services LLP, D.D.Motors Mobility Private Limited, Fastlane Motors Ventures Private Limited and 5 more | Director | 09 Dec 2015 | 10 Years 11 Months | Current |
Peer comparison
Mycover Business Solutions 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 |
|---|---|---|---|---|---|---|
| Mohur Insurance Broking and Services Private Limited | ₹24.07 Lakh (FY 2025) | -70.0% | Mumbai, Maharashtra, India | |||
| Insure Fast Insurance Web Aggregator Private Limited | ₹24.06 Lakh (FY 2024) | -90.0% | Jaipur, Rajasthan, India | |||
| D.A.Y. Insurance Broker Private Limited | ₹22.98 Lakh (FY 2025) | 2.0% | Moti Nagar, Delhi, India | |||
| Oneway Financial Services Private Limited | ₹22.82 Lakh (FY 2025) | 116.0% | Kottayam, Kerala, India | |||
| Mycover Business Solutions Private Limitedthis company | ₹21.88 Lakh (FY 2022) | -₹4.33 Lakh | -19.8% | 2.0% | New Delhi, Delhi, India | |
| Charaka Insurance Broking Private Limited | ₹21.69 Lakh (FY 2025) | 737.0% | Hukeri, Karnataka, India |
To see the full peer comparison of Mycover Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mycover Business Solutions 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 Mycover Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mycover Business Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mycover Business Solutions Private Limited, buy the company report.
Recent activity
Mycover Business Solutions Private Limited has 12 board changes on record since 2011: 2 appointments and 10 cessations. The latest: Uma Gambhir ceased to be Director on 20 Aug 2018.
3 earlier events are in the company report.
Frequently asked questions
Mycover Business Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 14 November 2002 (24+ years old) and is registered under CIN U45100DL2002PTC304308.
Mycover Business Solutions has 2 current directors:
- Anil Kumar Bhasker - Director
- Kunal Gambhir - Director
The latest financial statements of Mycover Business Solutions 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.
No. Mycover Business Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Mycover Business Solutions is U45100DL2002PTC304308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mycover Business Solutions was incorporated on 14 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Mycover Business Solutions by revenue are Mohur Insurance Broking and Services Private Limited, Insure Fast Insurance Web Aggregator Private Limited, D.A.Y. Insurance Broker Private Limited, Oneway Financial Services Private Limited, Charaka Insurance Broking Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Uma Gambhir ceased to be Director on 20 Aug 2018. Krishan Kumar ceased to be Director on 10 Jul 2017. Anil Kumar Bhasker ceased to be Additional Director on 30 Sep 2016. Mycover Business Solutions has 12 board changes on record in total.
Mycover Business Solutions can be reached through the website getmycover.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Mycover Business Solutions is at 68 – 681 Basement – 1, Najafgarh Road Industrial Area Moti Nagar, New Delhi, Delhi, India – 110015.
Mycover Business Solutions operates in the financial services industry, in the insurance brokerage and advisory segment.
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