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 U66000MH2008PTC180664.
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
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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
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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 |
|---|---|---|---|---|
| Hetal Himanshu Sodha | Director | 19 Nov 2015 | 10 Years 9 Months | Current |
| Kanika Kunal Popat | Director | 27 Dec 2021 | 4 Years 7 Months | Current |
| Vishva Mitter Handa | Director | 23 Jun 2015 | 11 Years 2 Months | Current |
| Raghavendra Rao Matam | 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
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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
View historical data on people associated with Shift Risk Insurance Brokers Limited, including employment history and EPFO contributions.
Employee and EPFO history for Shift Risk Insurance Brokers Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Shift Risk Insurance Brokers Limited
GST registrations and filing compliance for Shift Risk Insurance Brokers Limited
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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
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- Rating history
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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
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Subsidiaries & Group Companies of Shift Risk Insurance Brokers Limited
Corporate group structure for Shift Risk Insurance Brokers Limited
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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
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- Complete filing index
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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.