QUICKINSURE INSURANCE BROKERS PRIVATE LIMITED

Business Overview

• Quickinsure Insurance Brokers Pvt Ltd, brand "Quickinsure", operates an online insurance comparison and brokerage platform combined with an offline sales force, focused on General Insurance products — car, two-wheeler/bike, health, personal accident and travel insurance — sourced from multiple Indian insurers, company website, quickinsure.co.in.
• It holds IRDAI Direct Life and General Insurance Broker License No.
• 579.
• As a broker it does not accept payment in its own name
• Customers pay insurers directly. Founded in 2016 by Gautam Rege and Anand Shrikhande (per Tracxn)
• Anand Shrikhande is listed as Principal Officer on the company site. Headquartered in Pune, Maharashtra.

Sector & Classification

Insurance brokerage and agency services — Life/Non-life Insurance and Reinsurance activities (Tofler); IRDAI-licensed Direct Life and General Insurance Broker, License No. 579 (company website)

Directors & Key Management

GST Registrations

Primary/only GSTIN identified: 27AAACQ4253A1ZV (Maharashtra) — status Active/Regular, registered 01/07/2017. Source: knowyourgst.com individual GSTIN page. PAN on the GSTIN (AAACQ4253A) matches the company PAN from Tofler — good cross-check. Home state: Maharashtra. Number of registrations found: 1 (no other state GSTINs located in this search — company appears to operate/bill primarily out of Maharashtra; absence of other-state GSTINs is not independently confirmed as "none exist," just none found).

Financials

• Standalone, private company, no consolidation entities found.
• FY2022-23 (per Tofler): Revenue band ₹10–25 Cr, YoY revenue growth ~100%, networth growth ~85.6%, asset growth ~94.77%, operating margin ~51.86%, net profit margin ~54.98%, ROE ~66.95%, ROCE ~83.94%, Debt-to-Equity 0.0.
• FY2024-25, per thecompanycheck.com, single source, unconfirmed by a second filing: Revenue ₹119.99 Cr, up ~37% YoY. EBITDA, PAT and net worth for FY25 are behind that platform's paywall and not obtained. FY2023-24 figures not disclosed by any source found.
• Note the large jump from FY23's ₹10–25 Cr band to FY25's ₹119.99 Cr is plausible for a fast-growing insurtech broker but rests on a single data provider — flagged as partial confidence pending a second corroborating source.

Funding History

• Per Tracxn/Inc42 aggregation, Tracxn used per rules only for round names/investor names, not as a primary financial source: total funding reported ~$6.64M over 5 rounds from 15 investors, 3 institutional, 12 angel.
• Latest round ~$3.51M closed 12 May 2025, lead investor Sanjay Chitnis.
• Named investors include Sachin Gupta, also a company director — related-party angel investor, and others not individually confirmed.
• Company reported valuation ~₹301 Cr per Tracxn, unconfirmed, single source, treat as indicative only.

Shareholding

• Per Tracxn only, not independently corroborated — treat as indicative/partial: ESOP pool ~26.00%, Founders ~20.95%, Parent entity ~19.80%, Angel investors ~13.95%, Other individuals ~10.57%, Enterprise/institutional ~8.73%, as of ~May 2025.
• Detailed shareholding pattern behind thecompanycheck.com paywall — not obtained from a free source.

Loans & Charges

• Sources show some inconsistency: Tofler lists one open charge — — lender for the satisfied charge unspecified ("Others")
• These may represent the same charge instance being modified/re-filed, or two distinct charges
• Not resolved with certainty from sources available. Net:

Related Parties

• No formal group-holding structure or subsidiary/associate entities identified in sources checked.
• Sachin Gupta appears both as a company director and as a named angel investor per Tracxn — flagged as a related-party angel investment, not independently confirmed beyond the Tracxn mention.
• No other related-party transactions or group entities found.

Credit Ratings

• Not obtained.
• No CRISIL/ICRA/CARE/Brickwork/India Ratings rating was found for this entity in any source checked, thecompanycheck.com explicitly notes no ratings from these agencies are on file.
• Given the company's revenue scale and that it appears equity/ESOP-funded with a single bank charge, absence of a public credit rating is plausible for an unlisted broker of this size.

Legal & Compliance

• Not obtained — no Indian Kanoon case records or other litigation involving "Quickinsure Insurance Brokers" were found via search. Absence of hits is not conclusive proof of zero litigation, only that none surfaced in this search.

Competitive Landscape

• Direct competitors in the Indian online insurance comparison/brokerage space, per Tracxn/WebSearch aggregation:
• 1. Policybazaar (PB Fintech) — large-scale, listed (NSE: POLICYBZR), market leader
• 2. Turtlemint — large-scale, well-funded insurtech broker/agent platform
• 3. InsuranceDekho — large-scale, well-funded, backed by CarDekho group
• 4. Coverfox Insurance — mid-scale digital broker, Freecharge/Snapdeal-linked history
• 5. Ditto Insurance (Zerodha-backed) — emerging/mid-scale advisory-led broker
• 6. Renewbuy — mid-to-large scale insurtech broker
• Quickinsure itself is a smaller/niche player, ~₹120 Cr revenue scale per single-source data, relative to the market leaders above, which operate at significantly larger scale, hundreds of crores to listed-company scale.

Frequently Asked Questions