Myriad Insurance Brokers Limited
About Myriad Insurance Brokers Limited
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Myriad Insurance Brokers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 24 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66030MH2018PLC308509. Its GSTIN is 27AALCM7969E1ZV (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.78 Cr. It is led by directors including Bhavesh Jagdish Dadia (Managing Director) and Pradip Bhaichand Mehta.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.08 Lakh, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹17.89 Lakh (net margin -294.1%) and EBITDA of -₹17.77 Lakh (EBITDA margin -292.2%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 1% over five years.
Company details
Contact details
Myriad Insurance Brokers Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 506 Ashirvad Building, Ahmedabad Street, Mumbai, Maharashtra, India – 400009
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Myriad Insurance Brokers 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 Myriad Insurance Brokers is financial and insurance activities. In detail, this covers insurance, reinsurance and pension funding, except compulsory social security.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 65 | Insurance, reinsurance and pension funding, except compulsory social security |
To see the full business activity and turnover split of Myriad Insurance Brokers Limited, buy the company report.
Financials of Myriad Insurance Brokers Limited
FY 2025 filings availableMyriad Insurance Brokers Limited reported revenue of ₹6.08 Lakh (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 27% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹17.77 Lakh | ||||
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| Net Profit (PAT) | -₹17.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -292.2% | ||||
| Net Profit Margin | -294.1% | ||||
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To see the full financial statements and ratios of Myriad Insurance Brokers Limited, buy the company report.
Board of directors of Myriad Insurance Brokers Limited
Myriad Insurance Brokers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Bhaichand Mehta | Director | 30 Apr 2024 | 2 Years 6 Months | Current |
| Bhavesh Jagdish Dadia | Managing Director | 04 Feb 2021 | 5 Years 9 Months | Current |
| Lalit Girdharlal Dadia | Director | 10 Oct 2024 | 2 Years 1 Months | Current |
Auditor
Myriad Insurance Brokers Limited is audited by VINODKUMAR S VIRPURIA & Co for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINODKUMAR S VIRPURIA & Co | FY 2021 |
Shareholding
The shareholding of Myriad Insurance Brokers Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Myriad Insurance Brokers Limited, buy the company report.
Legal cases
No court or tribunal cases involving Myriad Insurance Brokers 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 Myriad Insurance Brokers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Myriad Insurance Brokers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM7969E1ZV | Maharashtra | Active | 27 Jul 2018 |
To see the full GST registrations and return filing status of Myriad Insurance Brokers Limited, buy the company report.
Recent activity
Myriad Insurance Brokers Limited has 10 board changes on record since 2018: 4 appointments and 6 cessations. The latest: Atul Prataprai Mehta ceased to be Director on 10 Oct 2024.
1 earlier event is in the company report.
Frequently asked questions
Myriad Insurance Brokers is an active public limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 24 April 2018 (8+ years old) and is registered under CIN U66030MH2018PLC308509.
Myriad Insurance Brokers has 3 current directors:
- Bhavesh Jagdish Dadia - Managing Director
- Pradip Bhaichand Mehta - Director
- Lalit Girdharlal Dadia - Director
The latest financial statements of Myriad 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 FY 2019 are in the company report.
The GSTIN of Myriad Insurance Brokers is 27AALCM7969E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Myriad Insurance Brokers is U66030MH2018PLC308509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myriad Insurance Brokers was incorporated on 24 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Atul Prataprai Mehta ceased to be Director on 10 Oct 2024. Lalit Girdharlal Dadia was appointed as Director on 10 Oct 2024. Atul Prataprai Mehta was appointed as Director on 30 Apr 2024. Myriad Insurance Brokers has 10 board changes on record in total.
The registered office of Myriad Insurance Brokers is at Office No. 506 Ashirvad Building, Ahmedabad Street, Mumbai, Maharashtra, India – 400009.
Myriad Insurance Brokers operates in the financial services industry, in the insurance brokerage and advisory segment.
Myriad Insurance Brokers can be reached at its registered office: Office No. 506 Ashirvad Building, Ahmedabad Street, Mumbai, Maharashtra, India – 400009.
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