Company Intelligence Profile
PhonePe Insurance Broking Services Private Limited
The insurance-broking arm of the PhonePe group, distributing insurance products in India.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | PhonePe Insurance Broking Services Private Limited |
|---|---|
| CIN | U66000KA2020PTC132814 |
| PAN | AALCP0641E |
| Status | Active |
| Listing | Unlisted (private limited) |
| Incorporated | 19 February 2020 |
| ROC | RoC-Bangalore |
| Sector (NIC) | Financial services — insurance broking / financial advisory, brokerage and consultancy services (NIC code not obtained) |
| Registered address | Office 2 Floor, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru, Karnataka 560103 |
| Authorized capital | ₹1,300 crore |
| Paid-up capital | ₹1,108 crore |
Source: MCA registry via tofler.in, falconebiz.com, thecompanycheck.com
Business Overview
Confirmed- Insurance broking subsidiary of the PhonePe group (Walmart-backed fintech), engaged in distribution of insurance products to PhonePe's user base
- Part of PhonePe's financial-services expansion alongside wealth broking and lending distribution entities
Source: tofler.in, thecompanycheck.com, company disclosures & trade press
Directors & KMP
Partial / conflictingVishal Gupta (Whole-Time Director & CEO, appointed 13 Nov 2023); Meenakshi Sharma (Director, appointed 16 Apr 2025); Manas Gupta (Whole-Time Director, appointed 03 Nov 2025); Sai Prakash Manchikanti (Director) — DINs not obtained
Source: MCA / DIN records via tofler.in, falconebiz.com
GST Registrations
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AALCP0641E1ZH | Karnataka | AALCP0641E | Active |
Primary GSTIN: 29AALCP0641E1ZH (Karnataka); PAN: AALCP0641E; Active (PhonePe Insurance Broking)
Source: knowyourgst.com, mastersindia.co, findgst.in (GSTIN self-verifying via embedded PAN)
Financials
Partial / conflicting- Entity-level (per TheCompanyCheck): FY2025 revenue ₹192.92 crore (up ~68% YoY)
- PAT / net worth / total assets locked behind paywall — not obtained
- Tofler shows FY2024 revenue in the ₹100–500 crore band
- Note: group-level "insurance and lending distribution" revenue was ₹557.6 crore in FY25 (PhonePe consolidated), which is broader than this single entity
Source: MCA financial statements via tofler.in, thecompanycheck.com
Key Competitors
ConfirmedPhonePe's insurance-broking arm.
- Policybazaar (rev ~₹3,400 Cr; m-cap ~₹70,000 Cr)
- Paytm Insurance (part of Paytm)
- Acko (rev ~₹2,100 Cr)
- Digit Insurance (GWP ~₹9,000 Cr; m-cap ~₹30,000 Cr)
- Coverfox (small insur-tech broker)
Frequently Asked Questions
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