About Probitas Insurance Brokers Private Limited
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Probitas Insurance Brokers Private Limited is a private 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 19 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66000MH2014PTC257301. Its GSTIN is 27AAHCP7869G1ZT (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75 Lakh. It is led by directors including Nitin Mathuradas Anam and Nikunj Hirendra Shah.
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 22 Floor – 2 Plot – 40 A Manoj Industrial Estate G D Ambekar Marg Wadala, Mumbai, Maharashtra, India – 400031.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.65 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹40.23 Lakh (net margin 1.6%) and EBITDA of ₹67.69 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 15% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Probitas.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website probitas.in.
Company details
Contact details
Probitas Insurance Brokers Private Limited's registered office is in Mumbai, Maharashtra. Its website is probitas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address22 Floor – 2 Plot – 40 A Manoj Industrial Estate G D Ambekar Marg Wadala, Mumbai, Maharashtra, India – 400031
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Probitas Insurance Brokers 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
Probitas Insurance Brokers operates one associated brand: Probitas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Motor, home, travel, health, and pet insurance services are provided. | probitas.in |
Business activity
The main business activity of Probitas Insurance Brokers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Probitas Insurance Brokers Private Limited, buy the company report.
Financials of Probitas Insurance Brokers Private Limited
FY 2025 filings availableProbitas Insurance Brokers Private Limited reported revenue of ₹25.65 Cr (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 43% growth in the latest year. EBITDA rose 367% 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 | ₹67.69 Lakh | ||||
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| Net Profit (PAT) | ₹40.23 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Probitas Insurance Brokers Private Limited, buy the company report.
Board of directors of Probitas Insurance Brokers Private Limited
Probitas Insurance Brokers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Mathuradas Anam | Director | 19 Aug 2014 | 12 Years 2 Months | Current |
| Nikunj Hirendra Shah Also directs: Veena Plastics Private Limited | Director | 17 Nov 2023 | 2 Years 11 Months | Current |
| Dhara Darshit Doshi | Director | 19 Aug 2014 | 12 Years 2 Months | Current |
Peer comparison
Probitas Insurance Brokers Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Saferisk Insurance Brokers Private Limited | ₹27.78 Cr (FY 2025) | -18.0% | Bhubaneswar, Odisha, India | |||
| Jaika Insurance Brokerage Private Limited | ₹27.64 Cr (FY 2025) | 3.0% | Nagpur, Maharashtra, India | |||
| Probitas Insurance Brokers Private Limitedthis company | ₹25.65 Cr (FY 2024) | ₹40.23 Lakh | 1.6% | 43.0% | 84 | Mumbai, Maharashtra, India |
| Provincial Insurance Broking Private Limited | ₹25.2 Cr (FY 2024) | 328.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Probitas Insurance Brokers Private Limited, buy the company report.
Auditor
Probitas Insurance Brokers Private Limited is audited by SANJAY & VIJAY ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY & VIJAY ASSOCIATES | FY 2023 | 120123W |
Shareholding
The shareholding of Probitas Insurance Brokers Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Probitas Insurance Brokers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Probitas Insurance Brokers 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 Probitas Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Probitas Insurance Brokers Private Limited has a workforce of 84 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Probitas Insurance Brokers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP7869G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 24AAHCP7869G1ZZ | Gujarat | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Probitas Insurance Brokers Private Limited, buy the company report.
Recent activity
Probitas Insurance Brokers Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Nikunj Hirendra Shah ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Probitas Insurance Brokers is an active private limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 19 August 2014 (12+ years old) and is registered under CIN U66000MH2014PTC257301.
Probitas Insurance Brokers has 3 current directors:
- Nitin Mathuradas Anam - Director
- Nikunj Hirendra Shah - Director
- Dhara Darshit Doshi - Director
The latest financial statements of Probitas 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 2015 are in the company report.
The GSTIN of Probitas Insurance Brokers is 27AAHCP7869G1ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAHCP7869G1ZZ (Gujarat).
The CIN (Corporate Identification Number) of Probitas Insurance Brokers is U66000MH2014PTC257301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Probitas Insurance Brokers was incorporated on 19 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Probitas Insurance Brokers by revenue are Saferisk Insurance Brokers Private Limited, Jaika Insurance Brokerage Private Limited, Provincial Insurance Broking Private Limited, all in the BFSI industry (Insurance Broking Firms), with the same principal business activity (financial advisory, brokerage and consultancy services).
Nikunj Hirendra Shah ceased to be Additional Director on 29 Sep 2024. Nikunj Hirendra Shah was appointed as Director on 17 Nov 2023. Dhara Darshit Doshi was appointed as Director on 19 Aug 2014. Probitas Insurance Brokers has 4 board changes on record in total.
Probitas Insurance Brokers can be reached through the website probitas.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Probitas Insurance Brokers is at 22 Floor – 2 Plot – 40 A Manoj Industrial Estate G D Ambekar Marg Wadala, Mumbai, Maharashtra, India – 400031.
Probitas Insurance Brokers operates in the financial services industry, in the insurance brokerage and advisory segment.
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