Shift Risk Insurance Brokers Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2008.

2008 Mumbai, Maharashtra, India Active

Last Updated: February 22, 2026

About Shift Risk Insurance Brokers Limited

Shift Risk Insurance Brokers Limited, a active public limited company, was established on 01 April 2008 in Mumbai, Maharashtra, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U66000MH2008PLC180664. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹8.50 M and a paid-up capital of ₹7.50 M.

Formerly known as Opal Insurance Services Private Limited, Opal Insurance Brokers Limited. It upholds a compliant status. Employing 71 professional, Its leadership includes Hetal Himanshu Sodha (Director), Kanika Kunal Popat (Director), Vishva Mitter Handa (Director). Past directors included Kunal Dhirendra Popat, Damayanti Dhirendra Popat, Kanika Kunal Popat. It holds ₹4.68 M open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 501-502,5Th Floor,Pearl Building, B Wing Sandhu Marg,19Th Road Corner,Chembur, Mumbai, Maharashtra, 400071.

Company Details

CIN/LLPIN
U66000MH2008PLC180664
Registration Number
180664
Incorporation Date
01 April 2008
Authorized Capital
₹8.50 M
Paid-Up Capital
₹7.50 M
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 8.50 M as on 22-02-2026
Paid Up Capital ₹ 7.50 M as on 22-02-2026
Company Age 17 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 4.68 M as on 22-02-2026
Revenue Growth **** 9.37% (FY 2023)
Profit Growth **** 69.35% (FY 2023)
Ebitda **** 64.22% (FY 2023)
Net Worth 18.07% (FY 2023)
Total Assets **** 19.34% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Shift Risk Insurance Brokers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Shift Risk Insurance Brokers Limited?

Current Directors

Name	Designation	Appointment Date	Status
Hetal Himanshu Sodha	Director	19 Nov 2015	Current
Kanika Kunal Popat	Director	27 Dec 2021	Current
Vishva Mitter Handa	Director	23 Jun 2015	Current
Raghavendra Rao Matam	Director	16 Jan 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	09 Jan 2023	Past
Pramod Abcsdd	Director	19 Nov 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2022	Past
Pramod Abcsdd	Director	23 Jun 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Additional Director	29 Sep 2025	Past

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Financial Performance of Shift Risk Insurance Brokers.

Shift Risk Insurance Brokers Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.37% increase. The company also saw a substantial improvement in profitability, with a 69.35% increase in profit. The company's net worth Soared by an impressive increase of 18.07%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

9.37%

*******

Revenue from Operations

*******

8.50%

*******

Total Assets

*******

19.34%

*******

Profit or Loss

*******

69.35%

*******

Net Worth

*******

18.07%

*******

EBITDA

*******

64.22%

*******

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What is the Ownership and Shareholding Structure of Shift Risk Insurance Brokers?

In 2023, Shift Risk Insurance Brokers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹4,679,750.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 0.47 Cr

Latest Charge Details

Date	Lender	Amount	Status
26 Oct 2023	Hdfc Bank Limited	₹3.48 M	Open
27 Apr 2022	Hdfc Bank Limited	₹1.20 M	Open

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How Many Employees Work at Shift Risk Insurance Brokers?

Shift Risk Insurance Brokers has a workforce of 71 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Shift Risk Insurance Brokers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Shift Risk Insurance Brokers's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Shift Risk Insurance Brokers

Recent Activity within the Organization

Annual General Meeting

Progress on Shift Risk Insurance Brokers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.
30 Sep 2025
Balance Sheet

Shift Risk Insurance Brokers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was recorded as a recent event.
31 Mar 2025
Director Appointment

Progress on Raghavendra Rao Matam was appointed as a Director was appointed as a Director on 16 Jan 2025 & has been associated with this company since 1 year 1 month . was documented.
16 Jan 2025
Charges

The activity A charge with Hdfc Bank Limited amounted to Rs. 3.48 M with Charge ID 100829237 was registered on 26 Oct 2023. was completed.
26 Oct 2023
Charges

Progress on A charge with Hdfc Bank Limited amounted to Rs. 1.20 M with Charge ID 100571869 was registered on 27 Apr 2022. was documented.
27 Apr 2022
Director Appointment

The activity Kanika Kunal Popat was appointed as a Director was appointed as a Director on 27 Dec 2021 & has been associated with this company since 4 years 2 months . was completed.
27 Dec 2021

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Frequently Asked Questions

What is the CIN of Shift Risk Insurance Brokers Limited?

The CIN of Shift Risk Insurance Brokers Limited is U66000MH2008PLC180664.

Where is Shift Risk Insurance Brokers Limited headquartered?

Shift Risk Insurance Brokers Limited is headquartered at 501-502,5Th Floor,Pearl Building, B Wing Sandhu Marg,19Th Road Corner,Chembur, Mumbai, Maharashtra, 400071.

When was Shift Risk Insurance Brokers Limited incorporated?

Shift Risk Insurance Brokers Limited was incorporated on 01 April 2008.

Who are the current directors of Shift Risk Insurance Brokers Limited?

The current directors of Shift Risk Insurance Brokers Limited are

What is the primary industry of Shift Risk Insurance Brokers Limited?

The primary industry of Shift Risk Insurance Brokers Limited is Financial And Insurance Service.

Is Shift Risk Insurance Brokers Limited a listed company?

Shift Risk Insurance Brokers Limited is unlisted.

What is the capital structure of Shift Risk Insurance Brokers Limited?

The authorized capital of Shift Risk Insurance Brokers Limited is ₹8.50 M, and the paid-up capital is ₹7.50 M.

What is the compliance status of Shift Risk Insurance Brokers Limited?

The compliance status of Shift Risk Insurance Brokers Limited is Compliant.

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