Newly Established Insurance Agency Investment Opportunity in Kolkata, India
Plan to start an insurance brokerage firm with a focus on corporate clients.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Other |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Insurance Agencies |
| Locations | Kolkata |
| Local Time | 4:53 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
290 thousand
for
15.0%
stake
(Native Currency: INR 25,000,000)
Reason: Require funds to acquire broking license and register the company. Also require funds to expand offi...
View More
Includes physical assets worth
USD
17.4 thousand
Interested to connect with advisors
Business Overview
- We seek to start an insurance brokerage firm with offices across India.
- Promoter has registered agency for a portfolio of motor and non motor insurance products with a value of INR 6 crore under his name.
- Once the firm is registered the agency of these products would be transferred into the firm's name. Our entity has not yet been registered.
- Promoter has previously worked with a large insurance distribution house.
- Our initial focus for the first 18 months would be on corporate clients before moving into the retail sector.
- We have an office in Kolkata but we plan to open offices in Bombay, Bangalore and Delhi.
- Promoter has 3 years of experience in the insurance sector and a total of 11 years of experience in manufacturing and distribution.
- Company operations have not yet begun and would start once we receive our broking license and registration.
- Promoter has registered agency for a portfolio of motor and non motor insurance products with a value of INR 6 crore under his name.
- Once the firm is registered the agency of these products would be transferred into the firm's name. Our entity has not yet been registered.
- Promoter has previously worked with a large insurance distribution house.
- Our initial focus for the first 18 months would be on corporate clients before moving into the retail sector.
- We have an office in Kolkata but we plan to open offices in Bombay, Bangalore and Delhi.
- Promoter has 3 years of experience in the insurance sector and a total of 11 years of experience in manufacturing and distribution.
- Company operations have not yet begun and would start once we receive our broking license and registration.
Products & Services Overview
Broker of insurance products for motor and non motor such as property, fire, cyber, marine, group health, engineering, private car, commercial fleets, health and life.
Assets Overview
Physical assets include computers, laptops and furniture.
Facilities Overview
Rented office in Kolkata of 750 Sq. Ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysVice President, Insurance, Kolkata, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Import/Export, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Legal Services, Ahmedabad, Individual Investor / Buyer connected with the Business
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