Company Intelligence Profile
Banksathi Technologies And Insurance Corporate Agency Private Limited
Corporate insurance agency / insurtech arm operating under the "BankSathi" / "BankSaathi" consumer brand (official site banksathi.com), which markets credit cards, loans and savings-account products; this entity specifically holds the corporate insurance-agency licence/business for the group.
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Banksathi Technologies And Insurance Corporate Agency Private Limited |
|---|---|
| CIN | U65990DL2020PTC360355 |
| PAN | AAICB8634N |
| Status | Active |
| Listing | Unlisted private limited company |
| Incorporated | 15 January 2020 |
| ROC | RoC Delhi |
| Sector (NIC) |
|
| Registered address | H No. RZ 1/1, First Floor, Indra Park, Near Shiv Mandir, Uttam Nagar, New Delhi, West Delhi, Delhi - 110059 |
| Authorized capital | ₹5.85 Cr / ₹5.8 Cr — confirmed, minor rounding difference between sources |
| Paid-up capital | ₹1.79 Cr |
Business Overview
Partial / conflicting- Corporate insurance agency / insurtech arm operating under the "BankSathi" / "BankSaathi" consumer brand (official site banksathi.com), which markets credit cards, loans and savings-account products; this entity specifically holds the corporate insurance-agency licence/business for the group
- Confirmed subsidiary of BS Fintech Private Limited, with common director Jitendra Singh across both entities
- Tagged a DPIIT-recognised startup
- Sources: Tofler, TheCompanyCheck, banksathi.com
- Business model detail
Directors
ConfirmedConfirmed by TheCompanyCheck (with DINs) and corroborated by Tofler (names, no DINs):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Jitendra Singh | 07413503 | Director | 15 Jan 2020 |
| Manju Kumari | 07532974 | Director | 15 Jan 2020 |
Financials
Partial / conflictingStandalone (private limited, no indication of consolidated group financials filed under this entity):
- FY2025 revenue: ₹23.33 Cr, reported as a 66% YoY decline — partial, single-source, exact prior-year base figure not shown.
- FY2023: Tofler shows revenue in the ₹25-50 Cr estimated bracket, with YoY deltas of EBITDA +20.82%, PAT -82.58%, Net Worth +1.93%, Total Borrowings +5790.63%, Total Assets +48.16% — exact absolute values paywalled, so treated as partial/directional only.
- Note: the FY2025 TheCompanyCheck figure (₹23.33 Cr) and the FY2023 Tofler bracket (₹25-50 Cr) are not necessarily in conflict since they cover different fiscal years, but neither source gives a full audited P&L, so absolute EBITDA/PAT/net worth/borrowings values are "not obtained."
Charges/Loans
Confirmed- No open/registered charges found
- Both Tofler ("the company has no registered charges") and TheCompanyCheck ("does not have any charges (loans) registered with the Registrar of Companies") confirm this independently — confirmed, though per the standard caveat this reflects no *currently open* charges, not necessarily zero historical charges ever filed
Legal
ConfirmedNo matching results on Indian Kanoon search for "Banksathi Technologies And Insurance Corporate Agency" — no litigation/tribunal history found.
Competitors
Partial / conflictingNamed peers in the insurance-distribution/fintech-insurtech-agency space (rough scale tags, approximate/comparative, not sourced from a single competitor list):
- PolicyBazaar / PB Fintech (large, listed, dominant insurance aggregator — much larger scale)
- Turtlemint (mid-large, VC-funded insurance distribution platform)
- InsuranceDekho (mid-large, VC-funded, insurance-agency-led model similar to BankSathi's corporate-agency approach)
- Coverfox / Acko-adjacent distribution plays (mid scale)
- Paisabazaar (fintech/lending+insurance aggregator, comparable consumer-facing model to BankSathi's credit-card/loan business)
- RenewBuy (mid scale, POSP/insurance-agency network model, closest structural comparable)
These are general-knowledge industry peers for context, not confirmed via a dedicated competitor-analysis source for this specific entity.
Frequently Asked Questions
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