Tower Insurance & Reinsurance Brokers (India) Private Limited Company Logo

Tower Insurance & Reinsurance Brokers (India) Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1979.

1979 | Mumbai, Maharashtra, India | Active
Last Updated:

About Tower Insurance & Reinsurance Brokers (India) Private Limited

Tower Insurance & Reinsurance Brokers (India) Private Limited, a active private limited company, was established on 14 December 1979 in Mumbai, Maharashtra, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U65999MH1979PTC022004. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹5.00 Cr.

Formerly known as Tower Insurance And Reinsurance Services (India) Private Limited. It upholds a compliant status. Its leadership includes Manju Sawhney Mahindra (Whole-Time Director), Govindaraj Murugan Kumaravel (Director), Sundaresan Ramamoorthy (Director). Past directors included Ajai Verma, Vijay Balkrishna Pusalkar, Rakesh Purshottamdas Upadhyaya. It holds ₹2.40 M open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 519 Maker Chambers Vnariman Point, Mumbai, Maharashtra, 400021.

Company Details

  • CIN/LLPIN

    U65999MH1979PTC022004

  • Registration Number

    022004

  • Incorporation Date

    14 December 1979

  • Authorized Capital

    ₹5.00 Cr

  • Paid-Up Capital

    ₹5.00 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 46 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.40 M
  • Revenue Growth -24.73%
  • Profit Growth -91.89%
  • Ebitda -102.63%
  • Net Worth 0.24%
  • Total Assets -16.08%
Company report

Tower Insurance & Reinsurance Brokers (India) Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Tower Insurance & Reinsurance Brokers (India) Private 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 Tower Insurance & Reinsurance Brokers (India) Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Manju Sawhney MahindraWhole-Time Director11 Nov 1996Current
Govindaraj Murugan KumaravelDirector31 Jul 2019Current
Sundaresan RamamoorthyDirector05 Jun 2023Current
Perveen Lawrence MalarkarDirector01 Aug 2011Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector18 Aug 2012Past
Pramod AbcsddDirector26 Feb 2009Past
Pramod AbcsddAdditional Director30 Sep 2019Past
Pramod AbcsddAdditional Director30 Sep 2019Past
Pramod AbcsddDirector29 Mar 2019Past
Pramod AbcsddAdditional Director29 Sep 2024Past

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Financial Performance of Tower Insurance & Reinsurance Brokers (India).

Tower Insurance & Reinsurance Brokers (India) Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.73% decrease. The company also saw a substantial fall in profitability, with a 91.89% decrease in profit. The company's net worth moved up by a moderate rise of 0.24%.

Tower Insurance & Reinsurance Brokers (India) revenue growth over time
Tower Insurance & Reinsurance Brokers (India) profit and loss trends over time
  • 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
-24.73%
Revenue from Operations
-24.43%
Total Assets
-16.08%
Profit or Loss
-91.89%
Net Worth
0.24%
EBITDA
-102.63%

What is the Ownership and Shareholding Structure of Tower Insurance & Reinsurance Brokers (India)?

In 2023, Tower Insurance & Reinsurance Brokers (India) had a promoter holding of 34.00% and a public holding of 66.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹2,400,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
02 Aug 2025Hdfc Bank Limited₹2.40 MOpen

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How Many Employees Work at Tower Insurance & Reinsurance Brokers (India)?

Unlock and access historical data on people associated with Tower Insurance & Reinsurance Brokers (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Tower Insurance & Reinsurance Brokers (India) Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tower Insurance & Reinsurance Brokers (India), 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 Tower Insurance & Reinsurance Brokers (India)'s trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Tower Insurance & Reinsurance Brokers (India)

Recent Activity within the Organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101159338 was registered on 02 Aug 2025. was recorded as a recent event.

  • Annual General Meeting

    Progress on Tower Insurance & Reinsurance Brokers (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Tower Insurance & Reinsurance Brokers (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Director Appointment

    Progress on Sundaresan Ramamoorthy was appointed as a Director was appointed as a Director on 05 Jun 2023 & has been associated with this company since 2 years 7 months . was documented.

  • Director Appointment

    The activity Govindaraj Murugan Kumaravel was appointed as a Director was appointed as a Director on 31 Jul 2019 & has been associated with this company since 6 years 5 months . was completed.

  • Director Appointment

    Progress on Perveen Lawrence Malarkar was appointed as a Director was appointed as a Director on 01 Aug 2011 & has been associated with this company since 14 years 5 months . was documented.

Frequently Asked Questions

  • What is the CIN of Tower Insurance & Reinsurance Brokers (India) Private Limited?

    The CIN of Tower Insurance & Reinsurance Brokers (India) Private Limited is U65999MH1979PTC022004.

  • Where is Tower Insurance & Reinsurance Brokers (India) Private Limited headquartered?

    Tower Insurance & Reinsurance Brokers (India) Private Limited is headquartered at 519 Maker Chambers Vnariman Point, Mumbai, Maharashtra, 400021.

  • When was Tower Insurance & Reinsurance Brokers (India) Private Limited incorporated?

    Tower Insurance & Reinsurance Brokers (India) Private Limited was incorporated on 14 December 1979.

  • Who are the current directors of Tower Insurance & Reinsurance Brokers (India) Private Limited?

    The current directors of Tower Insurance & Reinsurance Brokers (India) Private Limited are

  • What is the primary industry of Tower Insurance & Reinsurance Brokers (India) Private Limited?

    The primary industry of Tower Insurance & Reinsurance Brokers (India) Private Limited is Financial And Insurance Service.

  • Is Tower Insurance & Reinsurance Brokers (India) Private Limited a listed company?

    Tower Insurance & Reinsurance Brokers (India) Private Limited is unlisted.

  • What is the capital structure of Tower Insurance & Reinsurance Brokers (India) Private Limited?

    The authorized capital of Tower Insurance & Reinsurance Brokers (India) Private Limited is ₹5.00 Cr, and the paid-up capital is ₹5.00 Cr.

  • What is the compliance status of Tower Insurance & Reinsurance Brokers (India) Private Limited?

    The compliance status of Tower Insurance & Reinsurance Brokers (India) Private Limited is Compliant.

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