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Property & Casualty Insurance Company Investment Opportunity in Chennai, India

IRDA Licensed surveyors & loss adjuster for general insurance, having tie-ups with 7 insurance companies.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 46 thousand
EBITDA Margin 25 %
Industries Property & Casualty Insurance
Locations  Chennai
Local Time 10:05 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Investment
USD 320 thousand for 35.0% stake (Native Currency: INR 25,000,000)
Reason: - Open branches across 6 cities in North & South India. - Invest in marketing & promotion of our br... View More
Includes physical assets worth USD 100 thousand
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Business Name
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Business Overview

IRDA licensed company providing survey & loss assessment services for general insurance claims. We have tie-ups with 7 insurance companies and have conducted 500+ survey & loss assessments for them. We receive 5% of the total insurance claims as our commission from insurance companies.

This industry is a high potential market with only 10% penetration and limited competitors. Key management team has over 150 years of combined experience both in India & abroad and have held held key positions in MNCs. Directors have already invested INR 1.5 crore of funds in the business.

The company was registered last year and we started operations this year after acquiring IRDA license. Seeking expansion funds to open branches in 6 cities in North and South India. The company has registered office in Chennai. Business owned assets include laptops, computers, furniture and furnishing.

Products & Services Overview

Loss Surveying, Loss Adjusting, Risk Inspections, Risk Survey, Risk Assessments.

Assets Overview

IRDA license and office automation.

Facilities Overview

Having about 2,500+ sq ft of office with excellent infrastructure in a leased building.

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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