Company Intelligence Profile
Plum Benefits Insurance Brokers Private Limited
Plum (legal entity: Plum Benefits Insurance Brokers Pvt Ltd) is an Indian insurtech operating an employee health-benefits and insurance-broking platform.
CIN: U66000KA2022PTC160458ActiveRoC-Bangalore (Karnataka)Confidence: medium-high
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Plum Benefits Insurance Brokers Private Limited |
|---|---|
| CIN | U66000KA2022PTC160458 |
| PAN | Not obtained (not disclosed on free-tier registry pages) |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 25 April 2022 (source: Tofler, TheCompanyCheck, Falconebiz — all agree) |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) | Financial and insurance service activities — Internet/Online Financial Services; entity holds an IRDAI Direct Broker license (Life & General) — Registration No. 897, per company's own site (plumhq.com) |
| Registered address | Primeco Union City, KIADB Plot No. 18, 19A, 19B, S.Y. No. 76, 87, Sadarmangala Village, Kadugodi, Bangalore South, Karnataka, India – 560067 (consistent across Tofler, TheCompanyCheck, Falconebiz) |
| Authorized capital | ₹1,10,00,000 (₹1.1 Cr) — source: Tofler/Falconebiz/TheCompanyCheck (consistent) |
| Paid-up capital | ₹1,03,20,090 (~₹1.03 Cr) — Falconebiz gives exact figure; Tofler/TheCompanyCheck round to ₹1.0–1.03 Cr (minor rounding variance, not a conflict) |
Business Overview
Confirmed- Plum (legal entity: Plum Benefits Insurance Brokers Pvt Ltd) is an Indian insurtech operating an employee health-benefits and insurance-broking platform
- It offers group health insurance, term life insurance, personal accident cover, and integrated healthcare services (telehealth, wellness programs, health checkups) to corporates from startups to large enterprises
- Per the company's own site (plumhq.com): 6,000+ companies served, 600,000+ lives insured, 100,000+ claims processed
- holds IRDAI Direct Broker (Life & General) license No. 897
- certified ISO/IEC 27001:2013, SOC 2 Type 2, GDPR
- Clients cited in press include Zomato, Swiggy, Atlassian, CRED
- Founded 2019 by Abhishek Poddar and Saurabh Arora
- Recognitions: Insurtech of the Year 2023–24 (Global Fintech Fest), Forbes Asia 100 to Watch, LinkedIn Top Startups India. [Source: plumhq.com, Inc42, Business Line]
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Abhishek Poddar | 07809382 | appointed 25 April 2022 co-founder. 2) Saurabh Arora; appointed 6 June 2022 co-founder. DINs sourced from Falconebiz best-DIN source per instructions | 25 April 2022 |
Financials
Partial / conflicting- FY2025 (standalone, per Tofler/TheCompanyCheck — both reference the same underlying MCA filing snapshot): Operating revenue ≈ ₹60.61 Cr (TheCompanyCheck point estimate
- Tofler shows same period in the "₹50–75 Cr" band), up ~83% YoY
- Reported operating margin ~27.7%, net margin ~27.6% (Tofler, unverified precision — flagged as partial since full P&L is behind Tofler Pro paywall)
- Net worth described as up ~1,990% since incorporation but down ~1.33% YoY most recent period (Tofler) — the two figures look like different comparison bases
- treat as partial/needs reconciliation
- EBITDA, PAT (absolute ₹), and borrowings (loan quantum) not disclosed on free-tier pages — "not obtained" for exact figures
- Separately, Inc42/Business Line report the company achieved "its first full year of EBITDA and cash-flow profitability" as of the March 2026 funding announcement — directionally consistent with the margin figures above but not the same as an audited EBITDA ₹ figure
- EPFO-reported headcount: ~208 employees (TheCompanyCheck)
Funding
Partial / conflicting- Two rounds identified via press (Inc42, The Hindu Business Line, CIOL): (1) Seed — ₹7 Cr, July 2020, led by Incubate Fund with Gemba Capital and Tracxn Labs, plus angel investors (Abhijit Gupta & Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando, Alvin Tse of Xiaomi)
- (2) Series B — ₹193 Cr (~US$20.6 Mn), announced 26 March 2026, led by Peak XV Partners (existing investor) with Tanglin Venture Partners and GMO Venture Partners participating
- LinkedIn/company materials also describe Plum as "backed by Sequoia and Tiger Global" — likely reflecting an intermediate unnamed/undisclosed round(s) between seed and this Series B, since no single article names a full round-by-round history
- flagged as a probable source gap rather than a conflict
- Total disclosed funding across named rounds: ₹7 Cr + ₹193 Cr ≈ ₹200 Cr
- a cumulative "since inception" total citing "$20.6 Mn" in one source appears to conflate the Series B amount with lifetime total — treat that specific cumulative-USD claim as unverified
- No valuation figure was found in any source (not obtained)
- Tracxn page fetch for the round-name-only cross-check returned 404 and could not be used
Charges / Loans
Partial / conflicting- One open charge of ₹5 Cr registered 11 February 2025, category "Others" (source: TheCompanyCheck, MCA-filing based)
- No satisfied/released charges on record (₹0)
- No charge-holder/lender name was surfaced in the free-tier snapshot — not obtained
Legal / Litigation
Confirmed- Indian Kanoon search for "Plum Benefits Insurance Brokers" returned no matching judgments/orders as of the search date
- No litigation identified
Competitors
Partial / conflicting- Named peers in the Indian employee-health-benefits/insurance-broking-for-corporates space: Onsurity, Loop Health, Nova Benefits, Pazcare — all VC-funded insurtech/benefits platforms of broadly comparable early-to-growth stage (seed through Series B/C), competing on group health insurance + wellness bundling for SME/startup clients
- (Scale differentiation not independently verified for each — reported directionally only, not with specific funding/revenue figures per peer, to avoid unverified claims.)
Frequently Asked Questions
What does Plum Benefits Insurance Brokers Private Limited do?
Plum (legal entity: Plum Benefits Insurance Brokers Pvt Ltd) is an Indian insurtech operating an employee health-benefits and insurance-broking platform.
What is the CIN of Plum Benefits Insurance Brokers Private Limited?
The Corporate Identification Number (CIN) of Plum Benefits Insurance Brokers Private Limited is U66000KA2022PTC160458.
Where is Plum Benefits Insurance Brokers Private Limited registered?
Plum Benefits Insurance Brokers Private Limited is registered with RoC-Bangalore (Karnataka). Registered address: Primeco Union City, KIADB Plot No. 18, 19A, 19B, S.Y.
When was Plum Benefits Insurance Brokers Private Limited incorporated?
Plum Benefits Insurance Brokers Private Limited was incorporated on 25 April 2022 (source: Tofler, TheCompanyCheck, Falconebiz — all agree).
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