Turtlemint Insurance Broking Services Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 2013.

2013 Mumbai, Maharashtra, India Active

Last Updated: December 22, 2025

About Turtlemint Insurance Broking Services Private Limited

Turtlemint Insurance Broking Services Private Limited, a active private limited company, was established on 24 October 2013 in Mumbai, Maharashtra, India. Engaging in insurance brokerage & advisory within the financial and insurance service sector, it holds CIN: U66000MH2013PTC249565. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹21.00 Cr and a paid-up capital of ₹15.85 Cr.

Formerly known as Invictus Insurance Broking Services Private Limited. It upholds a compliant status. Employing 1,745 professional, Its leadership includes Dhirendra Nalin Mahyavanshi (Director), Vilas Dattatraya Gandre (Director), Anand Rohidas Prabhudesai (Director). Past directors included Smita Dhirendra Mahyavanshi. It holds ₹25.00 Cr open charges and no settled loans. Its latest AGM occurred on 11 August 2025, with the balance sheet filed on 31 March 2025. It is based at The Orb - Sahar 4-B, 1St Floor, A Wing, Marol Village, Andheri East., Mumbai, Maharashtra, 400099.

Company Details

CIN/LLPIN
U66000MH2013PTC249565
Registration Number
249565
Incorporation Date
24 October 2013
Authorized Capital
₹21.00 Cr
Paid-Up Capital
₹15.85 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 21.00 Cr as on 22-12-2025
Paid Up Capital ₹ 15.85 Cr as on 22-12-2025
Company Age 12 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 25.00 Cr as on 22-12-2025
Revenue Growth **** 58.12% (FY 2023)
Profit Growth **** -12.92% (FY 2023)
Ebitda **** -14.50% (FY 2023)
Net Worth 46.09% (FY 2023)
Total Assets **** 75.49% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Turtlemint Insurance Broking Services 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 Turtlemint Insurance Broking Services Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Dhirendra Nalin Mahyavanshi	Director	24 Oct 2013	Current
Vilas Dattatraya Gandre	Director	16 Mar 2023	Current
Anand Rohidas Prabhudesai	Director	21 Feb 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	08 Jun 2023	Past

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Financial Performance of Turtlemint Insurance Broking Services.

Turtlemint Insurance Broking Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 58.12% increase. The company also saw a substantial fall in profitability, with a 12.92% decrease in profit. The company's net worth Soared by an impressive increase of 46.09%.

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

********

58.12%

*******

Revenue from Operations

*******

58.00%

*******

Total Assets

*******

75.49%

*******

Profit or Loss

*******

-12.92%

*******

Net Worth

*******

46.09%

*******

EBITDA

*******

-14.50%

*******

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What is the Ownership and Shareholding Structure of Turtlemint Insurance Broking Services?

In 2023, Turtlemint Insurance Broking Services had a promoter holding of 96.00% and a public holding of 4.00%. 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

₹250,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 25.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
29 Dec 2023	Others	₹25.00 Cr	Open

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How Many Employees Work at Turtlemint Insurance Broking Services?

Turtlemint Insurance Broking Services has a workforce of 1745 employees as of Apr 06, 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 Turtlemint Insurance Broking Services, 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 Turtlemint Insurance Broking Services's trajectory.

Rating

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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 Turtlemint Insurance Broking Services

Recent Activity within the Organization

Annual General Meeting

The activity Turtlemint Insurance Broking Services Private Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records. was completed.
11 Aug 2025
Balance Sheet

The activity Turtlemint Insurance Broking Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Anand Rohidas Prabhudesai was appointed as a Director was appointed as a Director on 21 Feb 2025 & has been associated with this company since 1 year 3 days . was recorded as a recent event.
21 Feb 2025
Director Appointment

Progress on Prashant Saini was appointed as a Company Secretary was appointed as a Company Secretary on 07 Oct 2024 & has been associated with this company since 1 year 4 months . was documented.
07 Oct 2024
Charges

The activity A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100841427 was registered on 29 Dec 2023. was completed.
29 Dec 2023
Director Appointment

Vilas Dattatraya Gandre was appointed as a Director was appointed as a Director on 16 Mar 2023 & has been associated with this company since 2 years 11 months . was recorded as a recent event.
16 Mar 2023

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