Supportive Insurance Brokers Limited
About Supportive Insurance Brokers Limited
Data last updated:
Supportive Insurance Brokers Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 13 April 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U66030MH2010PLC345998.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Kanan Ankit Khambhati and Pramod Madhavdas Sheth.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 26 Floor – G Plot – 86B Gobind Mahal Anuwrat Marg Off Netaji Subhash Road Marine Drive, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.55 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹26.6 Lakh (net margin 72.8%) and EBITDA of ₹36.24 Lakh (EBITDA margin 99.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
CIN history
Supportive Insurance Brokers has one previous CIN (Corporate Identification Number): U66030PN2010PLC136079. The current CIN is U66030MH2010PLC345998, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66030MH2010PLC345998 | Current |
| U66030PN2010PLC136079 | Previous |
Contact details
Supportive Insurance Brokers Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address26 Floor – G Plot – 86B Gobind Mahal Anuwrat Marg Off Netaji Subhash Road Marine Drive, Mumbai, Maharashtra, India – 400002
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Supportive Insurance Brokers 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
Financials of Supportive Insurance Brokers Limited
FY 2024 filings availableSupportive Insurance Brokers Limited reported revenue of ₹36.55 Lakh (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 5% growth in the latest year. EBITDA rose 6% 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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| Total Expenses | |||||
| EBITDA | ₹36.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.6 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.2% | ||||
| Net Profit Margin | 72.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Supportive Insurance Brokers Limited, buy the company report.
Board of directors of Supportive Insurance Brokers Limited
Supportive Insurance Brokers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanan Ankit Khambhati | Director | 28 Jun 2021 | 5 Years 4 Months | As last reported |
| Pramod Madhavdas Sheth Also directs: Bay Wind Projects Private Limited, Windia Infrastructure Finance Limited, True Man Properties Private Limited and 3 more | Director | 13 Apr 2010 | 16 Years 6 Months | As last reported |
| Balady Shekar Shetty Also directs: Karma Energy Limited, K & H Constructions Private Limited, Kombai Mettu Energy Projects Limited and 3 more | Director | 01 Mar 2019 | 7 Years 8 Months | As last reported |
Peer comparison
Supportive Insurance Brokers Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Insurance Broking Firms), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Byw Management Private Limited | ₹38.14 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| GVR Insurance Brokers Private Limited | ₹37.83 Lakh (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Golden M P Insurance Brokers Private Limited | ₹37.34 Lakh (FY 2024) | 30.0% | Faridabad, Haryana, India | |||
| High Ninez Insurance Brokers Private Limited | ₹37.03 Lakh (FY 2025) | Ranchi, Jharkhand, India | ||||
| Add Value Insurance Broker Private Limited | ₹36.8 Lakh (FY 2025) | -33.0% | New Delhi, Delhi, India | |||
| Supportive Insurance Brokers Limitedthis company | ₹36.55 Lakh (FY 2024) | ₹26.6 Lakh | 72.8% | 5.0% | Mumbai, Maharashtra, India | |
| Balio Insurance Broking Private Limited | ₹36.54 Lakh (FY 2025) | 4502.0% | Indore, Madhya Pradesh, India | |||
| Consolidated Insurance Surveyors & Loss Assessors Private Limited | ₹36.51 Lakh (FY 2024) | -26.0% | Chandigarh, India | |||
| HBR Insurance Brokers Private Limited | ₹36.47 Lakh (FY 2024) | 43307.0% | Nashik, Maharashtra, India | |||
| Auxillium Insurance Broking Private Limited | ₹36.39 Lakh (FY 2025) | 5.0% | Thane, Maharashtra, India | |||
| Transcendent E-Solutions Insurance Marketing Private Limited | ₹36.31 Lakh (FY 2018) | 22712.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Supportive Insurance Brokers Limited, buy the company report.
Auditor
Supportive Insurance Brokers Limited is audited by SHETH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHETH & ASSOCIATES | FY 2023 | 110040W |
Shareholding
The shareholding of Supportive Insurance Brokers 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Supportive Insurance Brokers Limited, buy the company report.
Legal cases
Supportive Insurance Brokers Limited has 2 court cases on record: 2 filed by Supportive Insurance Brokers. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Supportive Insurance Brokers 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
No delayed payments to MSME suppliers are on our record for Supportive Insurance Brokers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Supportive Insurance Brokers Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Supportive Insurance Brokers Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Kanan Ankit Khambhati ceased to be Additional Director on 25 Nov 2021.
Frequently asked questions
Supportive Insurance Brokers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Supportive Insurance Brokers was a public limited company based in Mumbai, Maharashtra, India. The company worked in insurance brokerage and advisory, within the financial services industry. It was incorporated on 13 April 2010 and is registered under CIN U66030MH2010PLC345998. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Supportive Insurance Brokers was incorporated on 13 April 2010. It is registered with the Registrar of Companies, Mumbai.
Supportive Insurance Brokers had 3 directors:
- Kanan Ankit Khambhati - Director
- Pramod Madhavdas Sheth - Director
- Balady Shekar Shetty - Director
The CIN (Corporate Identification Number) of Supportive Insurance Brokers is U66030MH2010PLC345998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Supportive Insurance Brokers is at 26 Floor – G Plot – 86B Gobind Mahal Anuwrat Marg Off Netaji Subhash Road Marine Drive, Mumbai, Maharashtra, India – 400002.
The latest financial statements of Supportive Insurance Brokers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
Supportive Insurance Brokers operated in the financial services industry, in the insurance brokerage and advisory segment.
The peers of Supportive Insurance Brokers by revenue are Byw Management Private Limited, GVR Insurance Brokers Private Limited, Golden M P Insurance Brokers Private Limited, High Ninez Insurance Brokers Private Limited, Add Value Insurance Broker Private Limited and 5 more, all in the BFSI industry (Insurance Broking Firms).
Supportive Insurance Brokers has 2 court cases on record: 2 filed by the company.
Kanan Ankit Khambhati ceased to be Additional Director on 25 Nov 2021. Ganesh Narasimha Kamath ceased to be Director on 28 Jun 2021. Kanan Ankit Khambhati was appointed as Director on 28 Jun 2021. Supportive Insurance Brokers has 9 board changes on record in total.
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