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Umbo Idtech Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹45.99 Cr
▲ 116% YoY
Net loss · FY 2025
₹19.36 Cr
Net margin -42.1%
EBITDA · FY 2025
-₹18.25 Cr
EBITDA margin -39.7%
Authorised capital
₹12.5 Cr
Registered with MCA
Paid-up capital
₹9.56 Cr
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
97
Provident fund records
Directors on board
3
As per MCA filings
About Umbo Idtech Private Limited
Data last updated:
Umbo Idtech Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the insurance brokerage and advisory segment of the financial services sector. It was incorporated on 24 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC305567. Its GSTIN is 27AACCU2089E1ZB (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹9.56 Cr. It is led by directors including Chiranth Patil and Suvendukumar Shyamsundar Prusty.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.99 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net loss of ₹19.36 Cr (net margin -42.1%) and EBITDA of -₹18.25 Cr (EBITDA margin -39.7%). Revenue has grown at a compounded annual rate (CAGR) of 124% over three years and 146% over five years.
The company has about 97 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Riskcovry. The company has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹79.63 Cr; the latest was in November 2023. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 200 overdue payments to 29 micro and small suppliers.
Umbo Idtech Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0063019). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website riskcovry.com.
Company details
CIN U74999MH2018PTC305567
Registration Number 305567
Incorporation Date 24 February 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0063019
Key People
Chiranth Patil Director Suvendukumar Shyamsundar Prusty Director Sorabh Balvirchand Bhandari Director Recognitions & Rankings of Umbo Idtech
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0063019
Contact details
Umbo Idtech Private Limited's registered office is in Mumbai, Maharashtra. Its website is riskcovry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address601 Aryston Centre Opposite Jw Marriott Hotel, Juhu Tara Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Umbo Idtech Private Limited, buy the company report.
Comprehensive company report
Umbo Idtech Private Limited - one report that includes everything
- 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
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Brands
Umbo Idtech operates one associated brand: Riskcovry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A platform for digital insurance distribution and management is provided. | riskcovry.com |
Business activity
The main business activities of Umbo Idtech are financial and insurance service and information and communication. In detail, this covers other financial activities and other information & communication service 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 | K8 | Other financial activities | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Umbo Idtech Private Limited, buy the company report.
Financials of Umbo Idtech Private Limited
FY 2025 filings availableUmbo Idtech Private Limited reported revenue of ₹45.99 Cr (up 116% YoY) for FY 2025.
Revenue · FY 2025
₹45.99 Cr ▲ 116%
Net loss · FY 2025
₹19.36 Cr margin -42.1%
EBITDA · FY 2025
-₹18.25 Cr margin -39.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 116%
3 years · compounded
▲ 124%
5 years · compounded
▲ 146%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 5%
5 years · compounded
▼ 76%
Revenue has grown at a compounded annual rate (CAGR) of 146% over five years, including 116% growth in the latest year. EBITDA rose 24% 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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| Total Expenses | |||||
| EBITDA | -₹18.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.36 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -39.7% | ||||
| Net Profit Margin | -42.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Umbo Idtech Private Limited, buy the company report.
Board of directors of Umbo Idtech Private Limited
Umbo Idtech has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chiranth Patil | Director | 24 Feb 2018 | 8 Years 8 Months | Current |
| Suvendukumar Shyamsundar Prusty Also directs: Sambhavit Insurance Brokers Private Limited | Director | 24 Feb 2018 | 8 Years 8 Months | Current |
| Sorabh Balvirchand Bhandari Also directs: Sambhavit Insurance Brokers Private Limited | Director | 24 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Umbo Idtech Private Limited is audited by B S R & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2023 | 101248W |
Shareholding
The shareholding of Umbo Idtech Private 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Umbo Idtech Private Limited, buy the company report.
Deals & funding
Umbo Idtech Private Limited has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹79.63 Cr; the latest was in November 2023.
Total deals
16
Funding rounds
10
Secondary share transfers
5
Rights issue
1
Disclosed funding
₹79.63 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: IIFL Fintech Fund Seller: Angel List |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: IIFL Fintech Fund Seller: IIMA Ventures (IIMA-CIIE), 3 individuals |
| Mar 2021 | Funding round · Series A | ₹36.48 Cr | Investors: Omidyar Network, Bharat Inclusion Seed Fund, DMI Sparkle Fund |
| Apr 2020 | Funding round · Seed | ₹9.36 Cr | Investors: Bharat Inclusion Seed Fund, Varanium Capital, Angel List |
To see the full deal history of Umbo Idtech Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Umbo Idtech 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
Umbo Idtech Private Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 200 overdue payments to 29 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 29)
To see the full MSME payment records of Umbo Idtech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Umbo Idtech has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sambhavit Insurance Brokers Private Limited | U66000MH2020PTC345672 |
To see the full group structure of Umbo Idtech Private Limited, buy the company report.
Employees & EPFO
Umbo Idtech Private Limited has a workforce of 97 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
97
Active EPFO establishments
1
Employee growth
-1.02%
GST
Umbo Idtech has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCU2089E1ZB | Maharashtra | Active | 10 Aug 2018 |
| 29AACCU2089E1Z7 | Karnataka | Active | 01 Apr 2021 |
To see the full GST registrations and return filing status of Umbo Idtech Private Limited, buy the company report.
Recent activity
Umbo Idtech Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Treasa Mary Mathew ceased to be Nominee Director on 25 Oct 2024.
AGM
Umbo Idtech Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Umbo Idtech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Treasa Mary Mathew ceased to be Nominee Director.
Ceased
Saras Agarwal ceased to be Nominee Director.
Appointed
Chiranth Patil was appointed as Director.
Appointed
Sorabh Balvirchand Bhandari was appointed as Director.
Appointed
Suvendukumar Shyamsundar Prusty was appointed as Director.
Incorporation
24 Feb 2018
Umbo Idtech Private Limited was registered on 24 Feb 2018 with Roc Mumbai & aged 8 years 8 months as per MCA records.
News
Frequently asked questions
Umbo Idtech is an active private limited company based in Mumbai, Maharashtra, India. The company works in insurance brokerage and advisory, within the financial services industry. It was incorporated on 24 February 2018 (8+ years old) and is registered under CIN U74999MH2018PTC305567.
Umbo Idtech has 3 current directors:
- Chiranth Patil - Director
- Suvendukumar Shyamsundar Prusty - Director
- Sorabh Balvirchand Bhandari - Director
The latest financial statements of Umbo Idtech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Umbo Idtech is 27AACCU2089E1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCU2089E1Z7 (Karnataka).
The CIN (Corporate Identification Number) of Umbo Idtech is U74999MH2018PTC305567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Umbo Idtech was incorporated on 24 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Umbo Idtech has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹79.63 Cr; the latest was in November 2023.
Treasa Mary Mathew ceased to be Nominee Director on 25 Oct 2024. Saras Agarwal ceased to be Nominee Director on 07 Aug 2023. Chiranth Patil was appointed as Director on 24 Feb 2018. Umbo Idtech has 5 board changes on record in total.
Yes, Umbo Idtech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Umbo Idtech is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0063019).
Umbo Idtech has 11 MSME Form 1 returns on record between 2020 and 2024, listing 200 overdue payments to 29 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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