Insurance Agency Investment Opportunity in Mumbai, India

Insurance brokers having more than 200 sub-brokers, seeking funds to enter corporate insurance sector.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 40 thousand
EBITDA Margin
3 %
Industries
Locations
Local Time
10:29 AM Mumbai
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Investment
USD 140 thousand for 10.0% stake (Native Currency: INR 10,000,000)
Reason: Need funds to hire additional staff, introduce corporate insurance and revamping our website.
Includes physical assets worth USD 280 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- We are IRDA licensed insurance brokers having started operations in 2015. We sell both general and health insurance products to sub-brokers and sub-agents.

- Have a network of 200 sub-agents and 5 to 10 sub-brokers who distribute our products to various customers.

- Partnered with insurance product companies such as Reliance General, Aditya Birla, ICICI Prudential, Aviva, and PNB Metlife, among many others.

- We mainly sell motor insurance, travel and property insurance and are currently making monthly commissions close to INR 3 lakh on sales of INR 25 lakh.

- Looking to introduce corporate insurance products, which would result in good revenue prospects. Selling this product would require industry expertise and we are looking to hire more staff to achieve this milestone.

Products & Services Overview

Motor Insurance, Life Insurance, Property Insurance, Travel Insurance.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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