COMPANY INTELLIGENCE PROFILE
PhonePe Insurance Broking Services Private Limited
The insurance-broking arm of the PhonePe group, distributing insurance products in India.
PhonePe Insurance Broking Services Private Limited is the insurance-broking subsidiary of the PhonePe group, distributing insurance products throughout India. As part of Walmart-backed PhonePe's expansion into financial services, it complements the company's wealth broking and lending distribution activities. For fiscal year 2025, the company reported revenue of ₹192.92 crore, marking a 68% year-on-year increase. It remains wholly owned and capitalized by its parent group.
AI-generated, may contain errors.
Business Overview
- Insurance broking subsidiary of the PhonePe group, Walmart-backed fintech, engaged in distribution of insurance products to PhonePe's user base. Part of PhonePe's financial-services expansion alongside wealth broking and lending distribution entities.
Sector & Classification
Financial services — insurance broking / financial advisory, brokerage and consultancy services (NIC code not obtained)
Directors & Key Management
Vishal Gupta (Whole-Time Director & CEO, appointed 13 Nov 2023); Meenakshi Sharma (Director, appointed 16 Apr 2025); Manas Gupta (Whole-Time Director, appointed 03 Nov 2025); Sai Prakash Manchikanti (Director) — DINs not obtained
GST Registrations
| GSTIN | State | PAN |
|---|---|---|
| 29AALCP0641E1ZH | Karnataka | AALCP0641E |
GST — source notes
Primary GSTIN: 29AALCP0641E1ZH (Karnataka); PAN: AALCP0641E; Active (PhonePe Insurance Broking)
Financials
PhonePe Insurance Broking Services Private Limited reported FY2025 revenue of ₹192.92 crore, marking a ~68% increase year-over-year. The group-level "insurance and lending distribution" revenue reached ₹557.6 crore in FY2025 under PhonePe consolidated.
AI-generated, may contain errors.
- Entity-level, per TheCompanyCheck: FY2025 revenue ₹192.92 crore (up ~68% YoY)
- PAT / net worth / total assets locked behind paywall — not obtained.
- Tofler shows FY2024 revenue in the ₹100–500 crore band.
- Note: group-level "insurance and lending distribution" revenue was ₹557.6 crore in FY25, PhonePe consolidated, which is broader than this single entity.
Competitive Landscape
Frequently Asked Questions
What does PhonePe Insurance Broking Services Private Limited do?
PhonePe Insurance Broking Services Private Limited is the insurance-broking arm of the PhonePe group, involved in distributing insurance products in India. It operates as an insurance broking subsidiary, engaged in the distribution of insurance products to PhonePe's user base as part of PhonePe's expansion into financial services.
What is the CIN of PhonePe Insurance Broking Services Private Limited?
The Corporate Identity Number (CIN) of PhonePe Insurance Broking Services Private Limited is U66000KA2020PTC132814.
What is the GSTIN of PhonePe Insurance Broking Services Private Limited?
The primary Goods and Services Tax Identification Number (GSTIN) for PhonePe Insurance Broking Services Private Limited is 29AALCP0641E1ZH in Karnataka.
When was PhonePe Insurance Broking Services Private Limited incorporated?
PhonePe Insurance Broking Services Private Limited was incorporated in the year 2020.
Where is the registered office of PhonePe Insurance Broking Services Private Limited?
The registered office of PhonePe Insurance Broking Services Private Limited is located at Office 2 Floor, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru, Karnataka 560103.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.