About System-Ethic Insurance Brokers Private Limited
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System-Ethic Insurance Brokers Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 14 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67200GJ2013PTC076421. Its GSTIN is 24AATCS4924P2ZI (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors including Ami Ghanshyam Parekh and Jayesh Nareshchandra Patwa.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.94 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹22.68 Lakh (net margin 32%) and EBITDA of ₹24.81 Lakh (EBITDA margin 35%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company is associated with 1 brand: SystemEthic.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website systemethic.com.
Company details
Contact details
System-Ethic Insurance Brokers Private Limited's registered office is in Surat, Gujarat. Its website is systemethic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.Gr.Fl. Shop No D/Hg – 14 International Trade Centre (Itc) Majura, Gate, Surat, Gujarat, India – 395002
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of System-Ethic 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
System-Ethic Insurance Brokers operates one associated brand: SystemEthic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services encompassing insurance, investments, and wealth protection in India. | systemethic.com |
Business activity
The main business activity of System-Ethic Insurance Brokers is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of System-Ethic Insurance Brokers Private Limited, buy the company report.
Financials of System-Ethic Insurance Brokers Private Limited
FY 2025 filings availableSystem-Ethic Insurance Brokers Private Limited reported revenue of ₹70.94 Lakh (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 29% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹24.81 Lakh | ||||
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| Net Profit (PAT) | ₹22.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 35% | ||||
| Net Profit Margin | 32% | ||||
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To see the full financial statements and ratios of System-Ethic Insurance Brokers Private Limited, buy the company report.
Board of directors of System-Ethic Insurance Brokers Private Limited
System-Ethic Insurance Brokers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ami Ghanshyam Parekh | Director | 02 Dec 2024 | 1 Years 11 Months | Current |
| Jayesh Nareshchandra Patwa Also directs: System-Ethic Finserv LLP, Kalyani Fibres Limited | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Amita Jayesh Patwa Also directs: System-Ethic Finserv LLP | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
Auditor
System-Ethic Insurance Brokers Private Limited is audited by MANISH R BAJRANG & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANISH R BAJRANG & CO | FY 2021 | 118785W |
Shareholding
The shareholding of System-Ethic Insurance Brokers Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of System-Ethic Insurance Brokers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving System-Ethic 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 System-Ethic Insurance Brokers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
System-Ethic Insurance Brokers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCS4924P2ZI | Gujarat | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of System-Ethic Insurance Brokers Private Limited, buy the company report.
Recent activity
System-Ethic Insurance Brokers Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Ami Ghanshyam Parekh ceased to be Director on 29 Sep 2025.
Frequently asked questions
System-Ethic Insurance Brokers is an active private limited company based in Surat, Gujarat, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 14 August 2013 (13+ years old) and is registered under CIN U67200GJ2013PTC076421.
System-Ethic Insurance Brokers has 3 current directors:
- Ami Ghanshyam Parekh - Director
- Jayesh Nareshchandra Patwa - Director
- Amita Jayesh Patwa - Director
The latest financial statements of System-Ethic 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 System-Ethic Insurance Brokers is 24AATCS4924P2ZI, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of System-Ethic Insurance Brokers is U67200GJ2013PTC076421. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
System-Ethic Insurance Brokers was incorporated on 14 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ami Ghanshyam Parekh ceased to be Director on 29 Sep 2025. Ami Ghanshyam Parekh was appointed as Director on 02 Dec 2024. Amita Jayesh Patwa was appointed as Director on 14 Aug 2013. System-Ethic Insurance Brokers has 4 board changes on record in total.
System-Ethic Insurance Brokers can be reached through the website systemethic.com. Its registered office is in Surat, Gujarat, India.
The registered office of System-Ethic Insurance Brokers is at H.Gr.Fl. Shop No DHg – 14 International Trade Centre Itc Majura, Gate, Surat, Gujarat, India – 395002.
System-Ethic Insurance Brokers operates in the financial services industry, in the financial product distributors segment.
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