Best Insurance Distribution Companies in Maharashtra, India
The 98 best Insurance Distribution companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Mahindra Insurance Brokers.
Our analysis of 50 Insurance Distribution companies
$16.7b in tracked funding; 79% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Insurance Distribution companies in Maharashtra
| # | Company | Disclosed funding | Revenue | Revenue YoY | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Edelweiss Provider of investment management, SME loans, and insurance services | — | $1.1B FY2025 | +9231% | 13 | Rashesh Shah Co-Founder | WordPressApple iCloud MailMicrosoft 365+26 | — |
| 2 | Bajaj General Insurance Provider of personal, commercial, MSME, government schemes, and rural insurance | — | $238M FY2023 | +5% | — | Tapan Singhel CEO & Managing Director | — | — |
| 3 | Mahindra Insurance Brokers Provider of diversified insurance brokerage services | $15M | $132M FY2024 | +157% | 683 683 → 937 (+37%) | Anand Mahindra Founder | — | 1 launch |
| 4 | Probus Insurance Provider of online platform for comparing and purchasing various insurance plans | $7M | $47M FY2025 | +45% | 199 | Rakesh Goyal Founder & Director | WordPressMySQLPHP+31 | — |
| 5 | Future Generali Diversified insurance firm | — | $29M FY2024 | -28% | 2,631 2,631 → 5,010 (+90%) | Alok Rungta MD & CEO | Apple iCloud MailTypeScriptFirebase+28 | 1 award |
| 6 | Global Insurance Brokers Provider of insurance brokerage services | — | $28M FY2025 | +99% | 331 | — | FusionChartsEnvoyAmazon Web Services+10 | — |
| 7 | Alliance Provider of insurance brokerage services | $11M | $22M FY2025 | +12% | 449 449 → 622 (+39%) | Aatur Thakkar Co-Founder | WordPressMySQLSalesforce+26 | 1 award |
| 8 | India Insure Composite brokers focused on corporate insurance | — | $18M FY2023 | — | 123 123 → 263 (+114%) | Vippin Chandra Managing Director | — | — |
| 9 | Howden Provider of insurance brokerage services | — | $16M FY2022 | — | 175 | Praveen Vashishta CEO & MD | — | — |
| 10 | Edelweiss P&C insurance broker | — | $11M FY2025 | +112% | 481 | Rashesh Shah Co-Founder & Co-CEO | — | — |
| 11 | Elite Insurance Provider of health, property, motor & other insurance services | — | $8M FY2025 | +77% | — | Mohdjaved Kachchhi Founder | — | — |
| 12 | First Advisor Provider of life & health insurance services | — | $7M FY2025 | +14% | — | Vikaas Kr Tulsyan Managing Director | — | — |
| 13 | IRM Provider of fire, rural, health,car,travel,bike and life insurance services | — | $5M FY2025 | — | 21 21 → 50 (+138%) | Chandan Bhartia CEO | — | — |
| 14 | Raghnall Provider of personal and commercial insurance brokerage services | — | $4M FY2025 | +25% | 66 66 → 144 (+118%) | Yagnesh Dosshi Founder and Director | PHPChart.jsCodeIgniter+15 | 1 partnership |
| 15 | Infina Provider of insurance claim consulting services | — | $3M FY2025 | +9% | — | Harendra Setalvad Founder | Master SliderPleskWindows Server+12 | 1 partnership |
| 16 | Xperitus Provider of insurance brokering and risk managment services | $774K | $3M FY2025 | +5% | 99 | Girish Anand Founder & CEO | WordPressMySQLPHP+19 | — |
| 17 | Investacc Brand offers brokering services for insurance | — | $3M FY2025 | +47% | — | Dhruvesh Lakhani Founder Director | — | — |
| 18 | First Policy Provider of reinsurance, marine, liability & property insurance services | — | $2M FY2025 | +10% | 55 55 → 103 (+87%) | — | WordPressMySQLPHP+32 | — |
| 19 | Interlink Insurance and Reinsurance Brokers Non-life composite insurance brokers | — | $1M FY2025 | -17% | 39 | — | — | — |
| 20 | Goodfaith Insurance Provider of life, health, motor, home, and other insurance brokerage services | — | $1M FY2025 | +8% | — | Sharad Mehta CEO | — | — |
| 21 | CoverMitra Insurance Broking Provider of life, health, auto, home, and other insurance brokerage services | — | $1M FY2025 | +69% | — | Shantilall Kumawat Co-Founder & CEO | WordPressPleskZoho+28 | — |
| 22 | Amicus Insurance Diversified insurance brokerage firm | — | $841K FY2021 | +28% | 2 | — | — | — |
| 23 | AAIRB Provider of insurance & reinsurance brokerage services | — | $799K FY2025 | -8% | — | Jay Thakker Managing Director | — | — |
| 24 | Dossa Insurance service agency providing brokerage and distribution solutions | — | $709K FY2025 | +2% | — | — | — | — |
| 25 | Aparys Insurance Broking Provider of health, life & motor insurance services | — | $625K FY2025 | +120% | — | Ajay Sharma Managing Director | — | — |
| 26 | Harmony Insurance Broking Provider of property, marine & liability insurance services | — | $551K FY2025 | +13% | — | Bhavin Parekh Founder & Owner | — | — |
| 27 | Deccan Insurance Provider of insurance and reinsurance brokerage services | — | $535K FY2025 | +24% | — | Ravi Kakode Managing Director | — | — |
| 28 | Aspire Provider of reinsurance, life & health insurance services | — | $518K FY2025 | -13% | — | Satish Deshpande CEO | — | — |
| 29 | Athena Provider of reinsurance, fire, marine & motor insurance services | — | $374K FY2025 | +36% | — | Utpal Kapadia Founder | — | — |
| 30 | Future First Provider of personal & commercial insurance services | — | $361K FY2025 | -37% | — | K Jayaraj Co-Founder | — | — |
| 31 | Bluebells Insurance Broking Provider of life, motor, home & travel insurance services | — | $322K FY2025 | +24% | — | Anand Kulkarni Founder | — | — |
Top 7 Insurance Distribution companies in Maharashtra
#1
Series A · Mumbai, Maharashtra · founded 2002 · 199 employees$6.7Mraised▾
Provider of online platform for comparing and purchasing various insurance plans. The platform offers options for life, health, motor, travel, property, and rural insurance. It also provides investment plans, including pension plans, ULIPs, endowment policies, and guaranteed return plans. The platform facilitates policy renewals and claim filing.
- Dec 2021Series A$6.7M
#2
Series A · Mumbai, Maharashtra · founded 2004 · 683 employees$14.9Mraised▾
Provider of diversified insurance brokerage services. It provides a comprehensive suite of insurance products, including personal lines, commercial lines, and reinsurance. The broker works with various insurance companies to offer customized solutions tailored to individual and corporate clients' needs. It services extend from risk assessment and policy selection to claims administration, ensuring clients receive support throughout the insurance lifecycle. The firm also facilitates partnerships with other businesses to expand insurance access and create employment opportunities. They offer both online and in-person services.
- Sep 2012Series A$14.8M
#3
Series A · Mumbai, Maharashtra · founded 2003 · 449 employees$10.8Mraised▾
Provider of insurance brokerage services. Its other services include aviation and aerospace, infrastructure, energy, media, entertainment, sports, audit, risk assessment and claims management. And also offers commercial motor insurance services.
- Mar 2016Series A$8.2M
- Oct 2015Series A$2.6M
#4
Seed · Mumbai, Maharashtra · founded 2003 · 99 employees$773.9Kraised▾
Provider of insurance brokering and risk managment services
- Jun 2020Angel$569.7K
- Mar 2015Angel$204.2K
#5
Seed · Mumbai, Maharashtra · founded 2014 · 66 employees—raised▾
Provider of personal and commercial insurance brokerage services. It provides solutions to individuals and businesses by sourcing policies across multiple insurers to find the best coverage and rates. ITs brokers typically assist clients by understanding their insurance needs, researching multiple insurer options, presenting tailored policy choices for personal and commercial insurance, facilitating policy purchases, and providing ongoing support, including claims assistance.
- Sep 2024Seed—
#6
Acquired · Mumbai, Maharashtra · founded 1995 · 13 employees—raised▾
Provider of investment management, SME loans, and insurance services. The company offers mutual fund, life & general insurance, wealth & asset management, business & home loans, asset advisory, and insurance management services.
#7
Acquired · Mumbai, Maharashtra · founded 2005 · 481 employees—raised▾
P&C insurance broker
- May 2019Series A—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Insurance Distribution coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.