Newly Established Insurance Agency Seeking Loan in Ghaziabad, India
Insurance agency offers comprehensive products while seeking loan for IRDA license acquisition.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 13.5 thousand |
| EBITDA Margin | Nil |
| Industries | Insurance Agencies |
| Locations | Ghaziabad |
| Local Time | 1:34 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
11.3 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 1,000,000)
Reason: We are looking for a loan to secure an IRDA license for our company.
We have begun generating reven...
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Collateral Available: USD 0
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Business Name
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Business Overview
- Located in Ghaziabad, the business operates as an insurance agency specializing in third-party insurance products.
- The agency provides various insurance services, including health, motor, and life insurance, catering to diverse customer needs.
- The company has a small team of two employees, ensuring personalized service and efficient operations.
- Additionally, the agency promotes Bank Fixed Deposits (FD), enhancing its portfolio of financial products for customers seeking secure investment options.
- The business serves as a financial distributor for mutual fund schemes, offering clients investment opportunities to grow their wealth.
- As an intermediary, the agency collaborates with Non-Banking Financial Companies (NBFCs) to act as a wholesaler, expanding its range of financial services.
- The combination of insurance and investment products positions the agency uniquely in the market, attracting customers looking for comprehensive financial solutions.
- We are currently not registered under any financial regulator like SEC, IRDA or FINRA.
- The last year annual revenue of the business is missing because we started our operations few months back.
- The agency provides various insurance services, including health, motor, and life insurance, catering to diverse customer needs.
- The company has a small team of two employees, ensuring personalized service and efficient operations.
- Additionally, the agency promotes Bank Fixed Deposits (FD), enhancing its portfolio of financial products for customers seeking secure investment options.
- The business serves as a financial distributor for mutual fund schemes, offering clients investment opportunities to grow their wealth.
- As an intermediary, the agency collaborates with Non-Banking Financial Companies (NBFCs) to act as a wholesaler, expanding its range of financial services.
- The combination of insurance and investment products positions the agency uniquely in the market, attracting customers looking for comprehensive financial solutions.
- We are currently not registered under any financial regulator like SEC, IRDA or FINRA.
- The last year annual revenue of the business is missing because we started our operations few months back.
Products & Services Overview
The agency’s top-selling service for individuals is the promotion of Bank Fixed Deposits (FDs), offering customers secure investment options and strengthening its financial product portfolio.
Assets Overview
The company does not hold any tangible assets. Its intangible assets consist of the incorporation certificate.
Facilities Overview
The business operates from a rented office with a monthly rent of INR 5,000.
Capitalization Overview
The company has two shareholders with equal ownership (50:50) and carries no outstanding loans.
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