About Phonepe Insurance Broking Services Private Limited
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Phonepe Insurance Broking Services Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Phonepe Private Limited. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 19 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U66000KA2020PTC132814. Its GSTIN is 29AALCP0641E1ZH (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,300 Cr and a paid-up capital of ₹1,108 Cr. It is led by directors including Vishal Gupta (Whole-Time Director) and Manas Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹197.61 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹79.7 Cr (net margin -40.3%) and EBITDA of -₹73.88 Cr (EBITDA margin -37.4%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 362% over five years.
The company has about 235 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PhonePe. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phonepe.com.
Company details
CIN history
Phonepe Insurance Broking Services has one previous CIN (Corporate Identification Number): U66000KA2020FTC132814. The current CIN is U66000KA2020PTC132814, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66000KA2020PTC132814 | Current |
| U66000KA2020FTC132814 | Previous |
Contact details
Phonepe Insurance Broking Services Private Limited's registered office is in Bengaluru, Karnataka. Its website is phonepe.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice – 2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone Service Road Green Glen Layout, Bellandur, Bengaluru, Karnataka, India – 560103
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Phonepe Insurance Broking Services 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
Phonepe Insurance Broking Services operates one associated brand: PhonePe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Payment, financial, investment, and lending services are provided digitally. | phonepe.com |
Business activity
The main business activity of Phonepe Insurance Broking Services is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Phonepe Insurance Broking Services Private Limited, buy the company report.
Financials of Phonepe Insurance Broking Services Private Limited
FY 2026 filings availablePhonepe Insurance Broking Services Private Limited reported revenue of ₹197.61 Cr (up 2% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 362% over five years, including 2% growth in the latest year. EBITDA fell 165% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹197.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹73.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹79.7 Cr | ||||
| 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.4% | ||||
| Net Profit Margin | -40.3% | ||||
| 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 Phonepe Insurance Broking Services Private Limited, buy the company report.
Board of directors of Phonepe Insurance Broking Services Private Limited
Phonepe Insurance Broking Services has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenakshi Sharma | Director | 16 Apr 2025 | 1 Years 6 Months | Current |
| Vishal Gupta Also directs: Ormisphere Private Limited | Whole-Time Director | 13 Nov 2023 | 3 Years 0 Months | Current |
| Manas Gupta | Whole-Time Director | 03 Nov 2025 | 1 Years 0 Months | Current |
Auditor
Phonepe Insurance Broking Services Private Limited is audited by S. R. Batliboi & Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Associates LLP | FY 2026 | 101049W/E300004 |
Shareholding
The shareholding of Phonepe Insurance Broking Services Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Phonepe Insurance Broking Services Private Limited, buy the company report.
Legal cases
Phonepe Insurance Broking Services Private Limited has 7 court cases on record: 5 filed by Phonepe Insurance Broking Services, 2 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 3 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed by the company against Mahindra and Mahindra Financial Services Limited | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Mahindra and Mahindra Financial Services Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against Mahindra and Mahindra Financial Services Limited | Disposed |
| District court, SHIVAMOGGA, Karnataka | Motor accident claim | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Contactout Limited | Pending |
To see the full case history of Phonepe Insurance Broking 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
Phonepe Insurance Broking Services Private Limited has 12 MSME Form 1 returns on record between 2022 and 2024, listing 169 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sattva Properties Management Private Limited | |||
| Quagga Tech Private Limited | |||
| Aadrila Technologies Private Limited | |||
| Unomer Technologies Private Limited | |||
| Adsert Web Solutions Private Limited |
To see the full MSME payment records of Phonepe Insurance Broking Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Phonepe Insurance Broking Services Private Limited has a workforce of 235 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 235 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Phonepe Insurance Broking Services Private Limited, buy the company report.
GST
Phonepe Insurance Broking Services has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP0641E1ZH | Karnataka | Active | 21 Apr 2020 |
| 29AALCP0641E2ZG | Karnataka | Active | 01 Mar 2025 |
| 27AALCP0641E1ZL | Maharashtra | Active | 19 Oct 2020 |
To see the full GST registrations and return filing status of Phonepe Insurance Broking Services Private Limited, buy the company report.
Recent activity
Phonepe Insurance Broking Services Private Limited has 12 board changes on record since 2021: 5 appointments and 7 cessations. The latest: Manas Gupta was appointed as Whole-Time Director on 03 Nov 2025.
3 earlier events are in the company report.
News
Frequently asked questions
Phonepe Insurance Broking Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 19 February 2020 (6+ years old) and is registered under CIN U66000KA2020PTC132814.
Phonepe Insurance Broking Services has 3 current directors:
- Vishal Gupta - Whole-Time Director
- Manas Gupta - Whole-Time Director
- Meenakshi Sharma - Director
The latest financial statements of Phonepe Insurance Broking Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Phonepe Insurance Broking Services is 29AALCP0641E1ZH, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AALCP0641E2ZG (Karnataka), 27AALCP0641E1ZL (Maharashtra).
The CIN (Corporate Identification Number) of Phonepe Insurance Broking Services is U66000KA2020PTC132814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phonepe Insurance Broking Services has 7 court cases on record: 5 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Phonepe Insurance Broking Services was incorporated on 19 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Manas Gupta was appointed as Whole-Time Director on 03 Nov 2025. Meenakshi Sharma was appointed as Director on 16 Apr 2025. Pramod Gubbi Suresh ceased to be Director on 17 Apr 2024. Phonepe Insurance Broking Services has 12 board changes on record in total.
Phonepe Insurance Broking Services has 12 MSME Form 1 returns on record between 2022 and 2024, listing 169 overdue payments to 24 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Phonepe Insurance Broking Services can be reached through the website phonepe.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Phonepe Insurance Broking Services is at Office – 2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone Service Road Green Glen Layout, Bellandur, Bengaluru, Karnataka, India – 560103.
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