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Newly Established Insurance Agency Investment Opportunity in Kolkata, India

Plan to start an insurance brokerage firm with a focus on corporate clients.
This Business is on a 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 2:14 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 300 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 18 thousand
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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.

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
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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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