Carlyle acquires Edelweiss
In a transaction last week, US-based Carlyle agreed to acquire a majority stake in Edelweiss's home finance business for $230 million, adding to the growing list of buyouts reshaping…
Company lists
Brokers, online platforms, general insurance, life & health, risk & advisory and more: the companies building insurance distribution in Mumbai, Maharashtra, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 748 insurance distribution companies in India, last 24 months: 18 M&A deals · 2 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Feb 2026.
In a transaction last week, US-based Carlyle agreed to acquire a majority stake in Edelweiss's home finance business for $230 million, adding to the growing list of buyouts reshaping…
Global private equity giant Blackstone has acquired a majority stake in New Delhi-based Ace Insurance Brokers for around Rs 1,700 crore.
In another notable deal last year, Aon, the world’s second-largest reinsurance broker, acquired Global Insurance Brokers (GIB), founded by Prabodh Thakker, in a Rs 250-crore transaction.
had acquired Aditya Birla Insurance Brokers from Aditya Birla Capital a year earlier.
Religare Enterprises slipped nearly 4 per cent to a low of ₹260.40 on the NSE amid reports that the company secured up to ₹1,500 crore funding from a group of marquee investors,…
Insurtech startup Renewbuy has raised $10 million (approx. ₹86 crore) in fresh funding from its existing investors, Apis Partners and 360 One (formerly IIFL Wealth), according to sources…
The fresh capital will strengthen operations and fuel expansion as the company advances its proposed merger with InsuranceDekho, a deal that could value Renewbuy at $300–350 million.
The bank has acquired a 24.91 per cent stake in non-life firm Future Generali India Insurance Company for Rs 451 crore.
The Burman family, known for their prominent role in the Indian consumer goods sector through their association with Dabur India, has successfully acquired control of Religare…
The Burman Group announced on February 20, 2025, that they have taken control of Delhi-based financial services firm Religare Enterprises Limited (REL) and have been appointed as its…
Subsequently, four entities in January 2024 bought a 3.6 per cent stake in diversified financial services group Religare Enterprises for Rs 277 crore through open market transactions.
Burmans, through four entities -- Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company -- collectively owned 20.15 per cent stake in…
Subsequently, four entities in January 2024 bought a 3.6 per cent stake in diversified financial services group Religare Enterprises for Rs 277 crore through open market transactions.
Florida-based businessman Danny Gaekwad has made a counteroffer to acquire a stake in Religare Enterprises at Rs 275 per share, significantly higher than the Rs 235 per share offer made…
Now, Gaekwad has thrown his hat in the ring, offering to make an open offer at ₹275 per share—a 17% premium to the open offer made by the Burmans—for acquiring a 26% stake in Religare…
I believe in the fundamentals of Religare’s business.
Gaekwad has sought Sebi permission to launch an all cash offer to buy 55 per cent of Religare stake from its shareholders at a price of Rs 275 a share.
Religare Enterprises said a U.S. businessman has made a proposal to acquire a 26% stake in it
In a stock exchange disclosure late on Friday, Religare shared a letter from U.S. entrepreneur Digvijay “Danny” Gaekwad’s firm requesting permission from Indian market regulator SEBI to…
DLA Piper has advised Howden Insurance Brokers (HK) Limited (Howden), a renowned international insurance broking group, on the successful acquisition of Storfield Insurance Consultants…
Bajaj Capital Insurance has launched a first of its kind, Human+AI music composition, ‘Ganesha Aarti’.
Browse insurance distribution companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 60 insurance distribution companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Provider of insurance brokering services
Insurance distribution₹1,739.80 cr in FY24-25 · net ₹39.94 cr · +101% since FY2014
Filed standalone accounts · Navnit Motors Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of diversified insurance brokerage services
Insurance distribution₹1,094.95 cr in FY23-24 · net ₹123.52 cr · +528% since FY2017
Filed standalone accounts · Mahindra Insurance Brokers LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage services
Insurance distribution₹501.88 cr in FY24-25 · net ₹32.83 cr · +510% since FY2018
Filed standalone accounts · Prudent Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of online platform for comparing and purchasing various insurance plans
Insurance distribution₹399.68 cr in FY24-25 · net ₹4.43 cr · +2576% since FY2018
Filed standalone accounts · Probus Insurance Broker Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life, health, property, and reinsurance brokerage services
Insurance distribution₹205.29 cr in FY24-25 · net ₹29.61 cr · -14% since FY2018
Filed standalone accounts · K. M. Dastur Insurance And Reinsurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage services
Insurance distribution₹182.57 cr in FY24-25 · net ₹18.80 cr · +208% since FY2018
Filed standalone accounts · Alliance Insurance Brokers Private LimitedUS$10.77m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Insurance and reinsurance broker provides insurance broking services to the consumer and wholesale markets
Insurance distribution₹180.13 cr in FY24-25 · net ₹48.36 cr · +334% since FY2018
Filed standalone accounts · Uib Insurance Brokers (India) Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Composite brokers focused on corporate insurance
Insurance distributionEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of online platform for trading stocks, mutual funds, and insurance
Insurance distribution₹148.07 cr in FY24-25 · net ₹13.71 cr · -42% since FY2018
Filed standalone accounts · Indusind Securities LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of health, bike & travel insurance and reinsurance services
Insurance distribution₹107.91 cr in FY24-25 · net ₹18.96 cr · +297% since FY2018
Filed standalone accounts · Pioneer Insurance & Reinsurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life, health, property, motor & liability insurance services
Insurance distribution₹104.05 cr in FY24-25 · net ₹25.83 cr · +681% since FY2018
Filed standalone accounts · Unilight Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life & health insurance services
Insurance distribution₹63.36 cr in FY24-25 · net ₹10.28 cr · +13325% since FY2018
Filed standalone accounts · First Advisor Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of motor, life, car & health insurance services
Insurance distribution₹48.14 cr in FY24-25 · net ₹12.42 cr · +4937% since FY2018
Filed standalone accounts · Synergy Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of fire, rural, health,car,travel,bike and life insurance services
Insurance distribution₹39.15 cr in FY24-25 · net ₹7.75 cr · +301% since FY2018
Filed standalone accounts · Irm Insurance Brokers Private LimitedFocus: Novel heterocyclic compounds for antiparasitic drug development
CPC C07D473/00, A61K31/5377, A61K31/437Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of car & travel insurance services
Insurance distribution₹30.66 cr in FY24-25 · net ₹49.21 lakh · +1465% since FY2018
Filed standalone accounts · Global-India Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of personal and commercial insurance brokerage services
Insurance distribution₹30.12 cr in FY24-25 · net ₹1.44 cr · +1826% since FY2018
Filed standalone accounts · Equirus Raghnall Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of liability & marine insurance services
Insurance distribution₹28.77 cr in FY24-25 · net ₹14.83 cr · +467% since FY2018
Filed standalone accounts · Sun Risk Management And Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance claim consulting services
Insurance risk managementEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokering and risk managment services
Insurance distribution₹27.55 cr in FY24-25 · net ₹2.63 cr · +131% since FY2018
Filed standalone accounts · Xperitus Insurance Brokers Private LimitedUS$774k across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of reinsurance brokering services
Insurance distributionEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Brand offers brokering services for insurance
Insurance distribution₹24.43 cr in FY24-25 · net ₹10.60 cr · +679% since FY2018
Filed standalone accounts · Investacc Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of reinsurance services
Insurance distribution₹24.02 cr in FY24-25 · net ₹10.00 cr · +1536% since FY2018
Filed standalone accounts · Limitless Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Online insurance comparison platform for individuals
Internet first insurance platforms₹20.11 cr in FY24-25 · net ₹1.35 cr · +520% since FY2018
Filed standalone accounts · Shift Risk Insurance Brokers LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage and risk management services
Insurance distribution₹17.82 cr in FY24-25 · net ₹19.61 lakh · +907% since FY2020
Filed standalone accounts · Mialtus Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of health insurance brokerage services
Insurance distribution₹16.54 cr in FY23-24 · net ₹3.52 cr · +3653% since FY2022
Filed standalone accounts · Hakani Bimasolutions Insurance Brokers LlpEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of Insurance broker services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Origin Insurance Brokers India Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of employee benefits, risk protection, marine & liability insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Odin Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of health, car, travel & liability insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Vibhuti Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Intl Risk Consultants Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Non-life composite insurance brokers
Insurance distributionin FY24-25 · net · since FY2022
Filed standalone accounts · Interlink Insurance And Reinsurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of reinsurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Mathsons Re-Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life, health, motor, home, and other insurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Good Faith Insurance Broker Private Limited (Cn)Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage services
Insurance distributionin FY24-25 · net · since FY2020
Filed standalone accounts · Crc Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life, health, auto, home, and other insurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Covermitra Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of outsourced sales, customer service, and consulting for insurance.
Insurance distributionin FY24-25 · net · since FY2020
Filed standalone accounts · Whizkidzz Marketing Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Peraj Insurance Brokers Private Limited (matched by legal name)Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Insurance broker providing risk management, employee benefits, and insurance solutions
Insurance distributionEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance & reinsurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Afro-Asian Insurance & Reinsurance Brokers (India) Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Company provides insurance and risk management services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Telos Risk Management And Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Insurance service agency providing brokerage and distribution solutions
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Dossa Insurance & Broking Services LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of drone, motor, health, home & commercial insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Kapalin Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of property, marine & liability insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Harmony Insurance Broking Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance and risk management services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Prime India Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of insurance brokerage services for individuals and businesses
Insurance distributionEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of diversified insurance brokerage services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Mankad And Associates Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of reinsurance, fire, marine & motor insurance services
Insurance distributionin FY24-25 · net · since FY2017
Filed standalone accounts · Athena Insurance And Re-Insurance Brokers Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of personal & commercial insurance services
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Future First Insurance Broking Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of life, motor, home & travel insurance services
Insurance distributionin FY24-25 · net · since FY2020
Filed standalone accounts · Bluebells Insurance Broking Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Brand offers personalized insurance solutions and strategies
Insurance distributionin FY24-25 · net · since FY2018
Filed standalone accounts · Manas Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Insurance broking company providing a range of insurance products and services
Insurance distributionin FY24-25 · net · since FY2023
Filed standalone accounts · Wealthkart Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
No matching company in this list.
This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.
Open insurance distribution in Mumbai on RadarFind insurance distribution companies in Mumbai, including insurance brokers, online comparison platforms and risk advisers. Browse the top insurance distributors in Mumbai and insurance distribution startups grouped by type of cover.
Brokerage firms that place general, life and health insurance for clients.

Provider of insurance brokering services
Insurance distribution
Provider of diversified insurance brokerage services
Insurance distribution
Provider of insurance brokerage services
Insurance distributionProvider of online platform for comparing and purchasing various insurance plans
Insurance distribution
Provider of life, health, property, and reinsurance brokerage services
Insurance distributionWebsites and apps for comparing and buying insurance online.
Provider of online platform for comparing and purchasing various insurance plans
Insurance distribution
Online insurance comparison platform for individuals
Internet first insurance platforms
Provider of diversified insurance brokerage services
Internet first insurance platforms
Provider of online platform for trading stocks, mutual funds, and insurance
Insurance distribution
Provider of health, bike & travel insurance and reinsurance services
Insurance distributionBrokers for property, casualty, marine and liability insurance.

Provider of life, health, property, motor & liability insurance services
Insurance distribution
Provider of car & travel insurance services
Insurance distribution
Provider of liability & marine insurance services
Insurance distribution
Provider of Insurance broker services
Insurance distribution
Provider of reinsurance, fire, marine & motor insurance services
Insurance distributionBrokers offering life, health and reinsurance placement.

Provider of life, health, property, and reinsurance brokerage services
Insurance distribution
Insurance and reinsurance broker provides insurance broking services to the consumer and wholesale markets
Insurance distribution
Provider of health, bike & travel insurance and reinsurance services
Insurance distribution
Provider of life & health insurance services
Insurance distribution
Provider of reinsurance brokering services
Insurance distributionFirms offering risk management, claims consulting, employee benefits and wealth advice.

Provider of online platform for trading stocks, mutual funds, and insurance
Insurance distribution
Provider of employee benefits, risk protection, marine & liability insurance services
Insurance distribution
Financial advisory firm
Insurance distributionProvider of strategic advisory services focused on business and organizational transformation
Insurance distribution
Provider of insurance claim consulting services
Insurance risk managementNewer insurance distribution companies founded in the last few years.

Insurance broker providing risk management, employee benefits, and insurance solutions
Insurance distribution
Online insurance brokerage platform
Insurance distribution
Provider of a platform facilitating the sale of insurance products through a network of independent sales representatives
Insurance distribution
Provider of various insurance products, including home, auto, life, and health
Insurance distribution
Company offers insurance broking services
Insurance distributionInsurance distribution companies in Mumbai with open jobs right now.

Provider of diversified insurance brokerage services
Insurance distribution
Provider of insurance brokerage services
Insurance distributionProvider of online platform for comparing and purchasing various insurance plans
Insurance distribution
Provider of reinsurance brokering services
Insurance distribution
Provider of insurance brokerage and risk management services
Insurance distributionThe most-installed Android apps published by insurance distribution companies headquartered in Mumbai — 358K installs between them. 19 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
CIN U70100MH1982PTC027681CIN U65999DL2002PTC117767CIN U65999MH1991PTC059906CIN U65990MH1987PLC042609CIN U66020MH2014PTC254500CIN U67200MH2002PTC137896CIN U74140MH2001PTC131966CIN U66000MH2008PLC180664Revenue, profit and growth from the filed annual accounts of 51 insurance distribution companies in Mumbai, Maharashtra for FY24-25 — 60 of the 106 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.
51 companies filing accounts
7.8% aggregate margin
44 of 51 companies
the typical company
into FY24-25
revenue concentration
The number of companies filing changes each year; the three-year cohort below compares like with like.
Companies with accounts for all three years, so growth is not an artefact of who filed.
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
50 companies with accounts for both years; median growth +11%.
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
| Company | Growth | Revenue |
|---|---|---|
| LimitlessLIMITLESS INSURANCE BROKING SERVICES PRIVATE LIMITED | +129% | ₹24.02 cr |
| Sun Risk Management & Insurance Broking ServicesSUN RISK MANAGEMENT AND INSURANCE BROKING SERVICES PRIVATE LIMITED | +83% | ₹28.77 cr |
| InvestaccINVESTACC INSURANCE BROKERS PRIVATE LIMITED | +47% | ₹24.43 cr |
| Probus InsurancePROBUS INSURANCE BROKER PRIVATE LIMITED | +45% | ₹399.68 cr |
| OriginORIGIN INSURANCE BROKERS INDIA PRIVATE LIMITED | ||
| Odin Insurance BrokingODIN INSURANCE BROKING SERVICES PRIVATE LIMITED |
| Company | Margin | Revenue |
|---|---|---|
| Sun Risk Management & Insurance Broking ServicesSUN RISK MANAGEMENT AND INSURANCE BROKING SERVICES PRIVATE LIMITED | 51.5% | ₹28.77 cr |
| InvestaccINVESTACC INSURANCE BROKERS PRIVATE LIMITED | 43.4% | ₹24.43 cr |
| LimitlessLIMITLESS INSURANCE BROKING SERVICES PRIVATE LIMITED | 41.6% | ₹24.02 cr |
| UIB Insurance BrokersUIB INSURANCE BROKERS (INDIA) PRIVATE LIMITED | 26.8% | ₹180.13 cr |
| Synergy Insurance Broking ServicesSYNERGY INSURANCE BROKING SERVICES PRIVATE LIMITED | 25.8% | ₹48.14 cr |
| UnilightUNILIGHT INSURANCE BROKERS PRIVATE LIMITED | 24.8% | ₹104.05 cr |
| Sub-sector | Companies | Revenue | Median revenue | Profitable | Margin |
|---|---|---|---|---|---|
| Insurance distribution | 50 | ₹4,100.58 cr | ~₹11.8 cr | 86% | 7.8% |
| Company · legal entity | Revenue | Net result | Margin | Growth |
|---|---|---|---|---|
| NavnitNAVNIT MOTORS PRIVATE LIMITED | ₹1,739.80 cr | ₹39.94 cr | 2.3% | +8% |
| Prudent Insurance BrokersPRUDENT INSURANCE BROKERS PRIVATE LIMITED | ₹501.88 cr | ₹32.83 cr | 6.5% | +24% |
| Probus InsurancePROBUS INSURANCE BROKER PRIVATE LIMITED | ₹399.68 cr | ₹4.43 cr | 1.1% | +45% |
| KMDK. M. DASTUR INSURANCE AND REINSURANCE BROKERS PRIVATE LIMITED | ₹205.29 cr | ₹29.61 cr | 14.4% | +5% |
| AllianceALLIANCE INSURANCE BROKERS PRIVATE LIMITED | ₹182.57 cr | ₹18.80 cr | 10.3% | +12% |
| UIB Insurance BrokersUIB INSURANCE BROKERS (INDIA) PRIVATE LIMITED | ₹180.13 cr | ₹48.36 cr | 26.8% | +9% |
| reliancesmartmoney.comINDUSIND SECURITIES LIMITED | ₹148.07 cr | ₹13.71 cr | 9.3% | -30% |
| Pioneer InsurancePIONEER INSURANCE & REINSURANCE BROKERS PRIVATE LIMITED | ₹107.91 cr | ₹18.96 cr | 17.6% | +5% |
| UnilightUNILIGHT INSURANCE BROKERS PRIVATE LIMITED | ₹104.05 cr | ₹25.83 cr | 24.8% | +12% |
| First AdvisorFIRST ADVISOR INSURANCE BROKERS PRIVATE LIMITED | ₹63.36 cr | ₹10.28 cr | 16.2% | +14% |
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
The financials above are one chapter. The full insurance distribution landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.
31 recorded equity rounds have gone to 748 insurance distribution companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.
US$0k
US$10.00m
11 rounds in India
last 24 months
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$64.48m across 4 rounds.
Equity rounds over the last five years, 134 insurance distribution companies in Mumbai among 748 in India.
Each deal appears in the events strip at the top of the page.
Go deeper in the insurance distribution landscape reports:
AdTech Industry Landscape of Mumbai Auto Industry Landscape of Mumbai Auto Tech Industry Landscape of Mumbai4 insurance distribution companies in Mumbai have recorded equity funding, US$33.03m in total. Totals and round dates describe the historical record; they are not current valuations.
Largest recorded equity totals, with the latest recorded round.
Insurance distributionProvider of diversified insurance brokerage services
Insurance distributionProvider of insurance brokerage services
Provider of online platform for comparing and purchasing various insurance plans
Insurance distributionProvider of insurance brokering and risk managment services
₹1,094.95 cr in FY23-24 · net ₹123.52 cr · +528% since FY2017
Filed standalone accounts · Mahindra Insurance Brokers LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹182.57 cr in FY24-25 · net ₹18.80 cr · +208% since FY2018
Filed standalone accounts · Alliance Insurance Brokers Private LimitedUS$10.77m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹399.68 cr in FY24-25 · net ₹4.43 cr · +2576% since FY2018
Filed standalone accounts · Probus Insurance Broker Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹27.55 cr in FY24-25 · net ₹2.63 cr · +131% since FY2018
Filed standalone accounts · Xperitus Insurance Brokers Private LimitedUS$774k across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Meet the people behind insurance distribution companies in Mumbai. 56 of 106 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Insurance distribution companies in Mumbai with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Insurance distributionInsurance broker providing risk management, employee benefits, and insurance solutions
Insurance distributionProvider of health insurance brokerage services
Founders
Details not available
Insurance distributionProvider of diversified insurance brokerage services
Insurance distributionProvider of reinsurance services
Insurance distributionProvider of liability & marine insurance services
Insurance distributionProvider of life, health, auto, home, and other insurance brokerage services
Insurance distributionBrand offers brokering services for insurance
Provider of online platform for comparing and purchasing various insurance plans
Insurance distributionProvider of Insurance broker services
Founders
Details not available
Insurance distributionProvider of outsourced sales, customer service, and consulting for insurance.
Founders
Details not available
Insurance distributionProvider of employee benefits, risk protection, marine & liability insurance services
Insurance distributionProvider of car & travel insurance services
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹16.54 cr in FY23-24 · net ₹3.52 cr · +3653% since FY2022
Filed standalone accounts · Hakani Bimasolutions Insurance Brokers LlpEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,094.95 cr in FY23-24 · net ₹123.52 cr · +528% since FY2017
Filed standalone accounts · Mahindra Insurance Brokers LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹24.02 cr in FY24-25 · net ₹10.00 cr · +1536% since FY2018
Filed standalone accounts · Limitless Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹28.77 cr in FY24-25 · net ₹14.83 cr · +467% since FY2018
Filed standalone accounts · Sun Risk Management And Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Covermitra Insurance Broking Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹24.43 cr in FY24-25 · net ₹10.60 cr · +679% since FY2018
Filed standalone accounts · Investacc Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹399.68 cr in FY24-25 · net ₹4.43 cr · +2576% since FY2018
Filed standalone accounts · Probus Insurance Broker Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Origin Insurance Brokers India Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2020
Filed standalone accounts · Whizkidzz Marketing Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Odin Insurance Broking Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹30.66 cr in FY24-25 · net ₹49.21 lakh · +1465% since FY2018
Filed standalone accounts · Global-India Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Insurance distribution companies in Mumbai with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Insurance distributionProvider of personal & commercial insurance services

Insurance distributionProvider of insurance brokerage services for diversified sectors
Provider of insurance brokerage services
Insurance distributionProvider of car, bike, health & home insurance services
Founders
Details not available
in FY24-25 · net · since FY2018
Filed standalone accounts · Future First Insurance Broking Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹97.96 lakh in FY24-25 · net −₹25.52 lakh · +1103% since FY2021
Filed standalone accounts · Gold Leaf Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY22-23 · net ₹43.19 lakh · +51519% since FY2019
Filed standalone accounts · Krishiv Insurance Broking LlpEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Insurance distribution companies in Mumbai founded in the last four years, newest first.
Insurance distributionProvider of professional indemnity insurance solutions and related services
Founders
Details not available
Insurance distributionOnline insurance brokerage platform
Insurance distributionInsurance broker providing risk management, employee benefits, and insurance solutions
Insurance distributionProvider of a platform facilitating the sale of insurance products through a network of independent sales representatives
Insurance distributionProvider of insurance broking services for various personal and commercial needs
Founders
Details not available
Insurance distributionOnline platform offering life insurance products and educational resources to individuals
Founders
Details not available
Insurance distributionComprehensive insurance brokerage firm that offers a range of insurance solutions, including liability, employee health and benefit, and property insurance
Founders
Details not available
Insurance distributionInsurance platform offering a range of insurance products, including health, life, car, bike, and term insurance
Founders
Details not available
Insurance distributionProvider of health, car, travel & liability insurance services
Founders
Details not available
Insurance distributionProvider of life, home, motor & travel insurance services
Insurance distributionProvider of insurance services
Founders
Details not available
Insurance distributionProvider of insurance brokerage services
Founders
Details not available
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2018
Filed standalone accounts · Vibhuti Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Companies with the most distinct news events in the last 24 months across the business press Fliar tracks.
Insurance distributionProvider of insurance brokerage services
Insurance distributionProvider of diversified insurance brokerage services
Insurance distributionProvider of insurance brokerage services
Provider of life insurance services
₹182.57 cr in FY24-25 · net ₹18.80 cr · +208% since FY2018
Filed standalone accounts · Alliance Insurance Brokers Private LimitedUS$10.77m across 2 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1,094.95 cr in FY23-24 · net ₹123.52 cr · +528% since FY2017
Filed standalone accounts · Mahindra Insurance Brokers LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹501.88 cr in FY24-25 · net ₹32.83 cr · +510% since FY2018
Filed standalone accounts · Prudent Insurance Brokers Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
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