COMPANY INTELLIGENCE PROFILE
Banksathi Technologies And Insurance Corporate Agency Private Limited
Corporate insurance agency / insurtech arm operating under the "BankSathi" / "BankSaathi" consumer brand (official site banksathi.com), which markets credit cards, loans and savings-account products; this entity specifically holds the corporate insurance-agency licence/business for the group.
Banksathi Technologies And Insurance Corporate Agency Private Limited, incorporated on January 15, 2020, operates in the financial and insurance services sector, focusing on insurance brokerage and advisory under the consumer brand "BankSathi." A DPIIT-recognised startup and a subsidiary of BS Fintech Private Limited, it reported FY2025 revenue of ₹23.33 Cr as a 66% decline. The company has no registered charges and no litigation history found in Indian Kanoon.
AI-generated, may contain errors.
Business Overview
- Corporate insurance agency / insurtech arm operating under the "BankSathi" / "BankSaathi" consumer brand, official site banksathi.com, which markets credit cards, loans and savings-account products
- This entity specifically holds the corporate insurance-agency licence/business for the group.
- Confirmed subsidiary of BS Fintech Private Limited, parent, per TheCompanyCheck and Tofler, with common director Jitendra Singh across both entities.
- Tagged a DPIIT-recognised startup (Tofler).
- Sources: Tofler, TheCompanyCheck, banksathi.com.
- Business model detail, partial — consumer-brand description confirmed via banksathi.com; the precise legal scope of "corporate agency" activities not independently verified from a regulatory filing.
Sector & Classification
Financial and insurance service activities (Section K); Business activity code K8 "Other financial activities" per TheCompanyCheck; industry tag "Insurance Brokerage & Advisory" per Tofler. (confirmed, both sources agree on sector)
Directors & Key Management
Directors — source notes
Confirmed by TheCompanyCheck (with DINs) and corroborated by Tofler (names, no DINs): - Jitendra Singh — Director, DIN 07413503, appointed 15 Jan 2020 (also director of parent BS Fintech Pvt Ltd) - Manju Kumari — Director, DIN 07532974, appointed 15 Jan 2020; also listed as a shareholder No other current/past directors found on either free-tier source. Full historical director list (resignations, other appointments) not obtained — likely paywalled.
GST Registrations
Not obtained. PAN AAICB8634N located (TheCompanyCheck) but no GSTIN surfaced on Tofler, TheCompanyCheck, or attempted knowyourgst/mastersindia/findgst direct lookups (all 404'd or had no GST section populated). Home state would be Delhi per registered address if a GSTIN exists. Number of registrations and GST status: not obtained.
Financials
Banksathi Technologies And Insurance Corporate Agency Private Limited reported a revenue of ₹23.33 Cr for FY2025, marking a 66% YoY decline. In FY2023, revenue was estimated at ₹25-50 Cr, with EBITDA up 20.82%, PAT down 82.58%, and borrowings up 5790.63%.
AI-generated, may contain errors.
| Standalone, private limited, no indication of consolidated group financials filed under this entity: | |
| FY2025 revenue | ₹23.33 Cr, reported as a 66% YoY decline, source: TheCompanyCheck, — partial, single-source, exact prior-year base figure not shown. |
| FY2023 | Tofler shows revenue in the ₹25-50 Cr estimated bracket, with YoY deltas of EBITDA +20.82%, PAT -82.58%, Net Worth +1.93%, Total Borrowings +5790.63%, Total Assets +48.16% — exact absolute values paywalled, "Tofler Pro" only, so treated as partial/directional only. |
| Note | the FY2025 TheCompanyCheck figure (₹23.33 Cr) and the FY2023 Tofler bracket (₹25-50 Cr) are not necessarily in conflict since they cover different fiscal years, but neither source gives a full audited P&L, so absolute EBITDA/PAT/net worth/borrowings values are "not obtained." |
Funding History
- Not obtained. No funding-round data found via Tracxn, page unreachable, Inc42 or Entrackr searches attempted
- No press coverage of a BankSathi/Banksathi Technologies raise surfaced in the sources checked.
- Given the DPIIT-recognised-startup tag and revenue scale (~₹23 Cr FY25), the entity may be self/promoter funded via parent BS Fintech Pvt Ltd, but this is inference, not a confirmed fact.
Loans & Charges
- No open/registered charges found.
- Both Tofler, "the company has no registered charges", and TheCompanyCheck, "does not have any charges (loans) registered with the Registrar of Companies", confirm this independently — confirmed, though per the standard caveat this reflects no *currently open* charges, not necessarily zero historical charges ever filed.
Credit Ratings
- Not obtained — no CRISIL/ICRA/CARE rating found for this entity in any source checked; likely unrated, typical for a small unlisted corporate-agency subsidiary of this scale.
Legal & Compliance
- No matching results on Indian Kanoon search for "Banksathi Technologies And Insurance Corporate Agency" — no litigation/tribunal history found, confirmed absence in that database as of this search; not proof of zero legal history elsewhere.
Competitive Landscape
- Named peers in the insurance-distribution/fintech-insurtech-agency space, rough scale tags, approximate/comparative, not sourced from a single competitor list:
- PolicyBazaar / PB Fintech, large, listed, dominant insurance aggregator — much larger scale
- Turtlemint, mid-large, VC-funded insurance distribution platform
- InsuranceDekho, mid-large, VC-funded, insurance-agency-led model similar to BankSathi's corporate-agency approach
- Coverfox / Acko-adjacent distribution plays (mid scale)
- Paisabazaar, fintech/lending+insurance aggregator, comparable consumer-facing model to BankSathi's credit-card/loan business
- RenewBuy, mid scale, POSP/insurance-agency network model, closest structural comparable
- These are general-knowledge industry peers for context, not confirmed via a dedicated competitor-analysis source for this specific entity.
Frequently Asked Questions
What does Banksathi Technologies And Insurance Corporate Agency Private Limited do?
Banksathi Technologies And Insurance Corporate Agency Private Limited operates as a corporate insurance agency and insurtech arm under the "BankSathi" consumer brand. It markets credit cards, loans, and savings-account products and holds the corporate insurance-agency licence for the group.
What is the CIN of Banksathi Technologies And Insurance Corporate Agency Private Limited?
The CIN of Banksathi Technologies And Insurance Corporate Agency Private Limited is U65990DL2020PTC360355.
When was Banksathi Technologies And Insurance Corporate Agency Private Limited incorporated?
Banksathi Technologies And Insurance Corporate Agency Private Limited was incorporated on 15 January 2020.
What is the registered office address of Banksathi Technologies And Insurance Corporate Agency Private Limited?
The registered office address of Banksathi Technologies And Insurance Corporate Agency Private Limited is H No. RZ 1/1, First Floor, Indra Park, Near Shiv Mandir, Uttam Nagar, New Delhi, West Delhi, Delhi - 110059.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.