About Shift Risk Insurance Brokers Limited
Data last updated: 22 February 2026
Shift Risk Insurance Brokers Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in insurance brokerage and advisory, a part of the broader financial services sector. Incorporated on 01 April 2008, the company has been in operation for over 18 years.
Registered with ROC Mumbai under CIN U66000MH2008PLC180664.
Capital: an authorised share capital of ₹85 Lakh and a paid-up capital of ₹75 Lakh. Formerly known as Opal Insurance Services Private Limited and Opal Insurance Brokers Limited. It is led by directors including Hetal Himanshu Sodha and Kanika Kunal Popat.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 501 – 502 5Th Floor Pearl Building B Wing Sandhu Marg 19Th Road Corner Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.33 Cr, a growth of 93% compared to the previous year.
The company has a workforce of approximately 71 employees as per the latest available data.
The company is associated with 1 brand - Shiftrisk. As per MCA filings, the company has open charges of ₹46.8 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shiftrisk.com.
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Registered Address501 – 502 5Th Floor Pearl Building B Wing Sandhu Marg 19Th Road Corner Chembur, Mumbai, Maharashtra, India – 400071
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IndustryFinancial Services, Insurance Brokerage & Advisory
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited has undergone 3 name changes throughout its history. The company was previously known as Opal Insurance Services Private Limited, Opal Insurance Brokers Limited, and Opal Insurance Services Limited. The current legal name is Shift Risk Insurance Brokers Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Shift Risk Insurance Brokers Limited | Current |
| Opal Insurance Services Private Limited | Previous |
| Opal Insurance Brokers Limited | Previous |
| Opal Insurance Services Limited | Previous |
CIN History of Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited has one previous CIN (Corporate Identification Number): U66000MH2008PTC180664. The current CIN is U66000MH2008PLC180664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66000MH2008PLC180664 | Current |
| U66000MH2008PTC180664 | Previous |
Associated Brands with Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited operates one associated brand: ShiftRisk. These brands represent Shift Risk Insurance Brokers Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Insurance quotes for individuals are compared online across multiple categories. | shiftrisk.com |
Business Activity of Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including life/non-life insurance and reinsurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities | Locked |
Business activity turnover details for Shift Risk Insurance Brokers Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited is audited by Deepak D Jain & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deepak D Jain & Co. | Locked | Locked | Locked |
Complete auditor history for Shift Risk Insurance Brokers Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited is currently managed by 4 directors, with 6 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Hetal Himanshu Sodha
Also directs:
Shift Risk Insurance Brokers Limited
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Director | 19 Nov 2015 | 10 Years 9 Months | Current |
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Kanika Kunal Popat
Also directs:
Shift Risk Insurance Brokers Limited
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Director | 27 Dec 2021 | 4 Years 7 Months | Current |
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Vishva Mitter Handa
Also directs:
Shift Risk Insurance Brokers Limited
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Director | 23 Jun 2015 | 11 Years 2 Months | Current |
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Raghavendra Rao Matam
Also directs:
Shift Risk Insurance Brokers Limited
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Director | 16 Jan 2025 | 1 Years 7 Months | Current |
Financials of Shift Risk Insurance Brokers Limited FY 2025 filings available
Shift Risk Insurance Brokers Limited reported revenue of ₹18.33 Cr (up 93.00% YoY) for FY 2024.
Ten-year financial statements for Shift Risk Insurance Brokers Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Shift Risk Insurance Brokers Limited
Shareholding and ownership data for Shift Risk Insurance Brokers Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Shift Risk Insurance Brokers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2023 | Hdfc Bank Limited | ₹34.8 Lakh | Open |
| 27 Apr 2022 | Hdfc Bank Limited | ₹12 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited has a workforce of 71 employees as of Apr 05, 2024.
Employee and EPFO history for Shift Risk Insurance Brokers Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Shift Risk Insurance Brokers Limited
GST registrations and filing compliance for Shift Risk Insurance Brokers Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Shift Risk Insurance Brokers Limited
Credit ratings, litigation, and regulatory alerts for Shift Risk Insurance Brokers Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Shift Risk Insurance Brokers Limited
MSME payment history for Shift Risk Insurance Brokers Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Shift Risk Insurance Brokers Limited
Corporate group structure for Shift Risk Insurance Brokers Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Shift Risk Insurance Brokers Limited
MCA filings and documents for Shift Risk Insurance Brokers Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Shift Risk Insurance Brokers Limited
Frequently Asked Questions about Shift Risk Insurance Brokers Limited
Shift Risk Insurance Brokers Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 01 April 2008 (18+ years old) and is registered under CIN U66000MH2008PLC180664. The company has 71 employees.
Shift Risk Insurance Brokers Limited reported revenue of ₹18.33 Cr for FY 2024 (up 93.00% YoY).
The current directors of Shift Risk Insurance Brokers Limited are:
- Hetal Himanshu Sodha - Director
- Kanika Kunal Popat - Director
- Vishva Mitter Handa - Director
- Raghavendra Rao Matam - Director
The primary industry of Shift Risk Insurance Brokers Limited is financial services. The company specifically operates in insurance brokerage and advisory. The company is currently active in this sector.
Shift Risk Insurance Brokers Limited can be reached at the registered office: 501 – 502 5Th Floor Pearl Building B Wing Sandhu Marg 19Th Road Corner Chembur, Mumbai, Maharashtra, India – 400071, or through the website shiftrisk.com.
The authorised capital is ₹85 Lakh, and the paid-up capital is ₹75 Lakh.