Insurance Agency for Sale in Chennai, India
Insurance consulting on Group health, Projects, Marine insurance with 200+ SME and Mid Corporates clients.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Other |
| Reported Sales | USD 175 thousand |
| Run Rate Sales | USD 280 thousand |
| EBITDA Margin | 15 % |
| Industries | Insurance Agencies |
| Locations | Chennai |
| Local Time | 3:12 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
280 thousand
(Native Currency: INR 24,000,000)
Reason: The owner has decided to start a new recruitment business.
Includes physical assets worth
USD
2.9 thousand
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Business Overview
- Fastest growing insurance consultancy specializing in SMEs and mid-corporates.
- Established partnerships with leading insurers, resulting in the successful settlement of 1,000+ claims.
- Revenue generated solely through insurance commissions (given to us by the insurance agencies)
- Holds individual agency licenses from ICICI and SBI.
- In the process of obtaining an IRDA broking license.
- Aspiring to convert individual agency licenses to broking.
- 20 years of extensive experience in the insurance industry.
- Impressive client portfolio with over 200+ satisfied clients.
- Current employee count is sufficient to manage demand.
- Established partnerships with leading insurers, resulting in the successful settlement of 1,000+ claims.
- Revenue generated solely through insurance commissions (given to us by the insurance agencies)
- Holds individual agency licenses from ICICI and SBI.
- In the process of obtaining an IRDA broking license.
- Aspiring to convert individual agency licenses to broking.
- 20 years of extensive experience in the insurance industry.
- Impressive client portfolio with over 200+ satisfied clients.
- Current employee count is sufficient to manage demand.
Products & Services Overview
- Expertise in consulting on group health, marine insurance, workmen compensation, contractor all risk, erection all risk, and fire insurance.- Catering to SMEs & Frieght Forwarding.
Assets Overview
Assets include:Laptops and other electronic equipment.
Facilities Overview
Office in Chennai, shared working space.Rent per month is INR 5,000.
Capitalization Overview
Self funded business and no liability.Sole owner with a 100% stake.
Recent Activity
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Earlier than 15 daysBusiness Development Consultant, Business Consulting And Services, Ludhiana, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Import/Export, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Insurance, Delhi, Corporate Investor / Buyer connected with the Business
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