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Coverfox Insurance Broking
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COVERFOX INSURANCE BROKING PRIVATE LIMITED

www.coverfox.com

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Maharashtra ›

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COVERFOX INSURANCE BROKING PRIVATE LIMITED

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Updated: 14 Aug 2026

Coverfox Insurance Broking Private Limited is an insurance technology company based in India that operates in the insurance brokerage sector. It offers a range of insurance products including health, motor, and travel insurance, facilitating seamless policy comparisons and purchases for consumers, thereby simplifying the insurance buying process and enhancing customer experience.

Coverfox Insurance Broking Private Limited, is an unlisted private company incorporated on 30 May, 2013. It is classified as a private limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 1.05 cr.

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Industry and products

Insurance

auto, heath, travel, and two-wheeler vehicle insurance products and services., life

Company size

Auth Capital

₹ 10.0 Cr

Paidup Capital

₹ 1.0 Cr

Revenue

₹ 50-75 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

325.4%

₹ 61.6

EBITDA

-227.98%

₹ -0.6

Net Profit

159.62%

₹ 0.7

Networth

71.77%

₹ 21.7

Borrowings

-100.0%

₹ -

Assets

60.17%

₹ 43.9

Gross Margin

100.0 %

Operating Margin

-3.95

-0.9 %

Net Profit Margin

-0.74

1.2 %

Return on Equity

1.11

3.3 %

ROCE

-2.92

-7.8 %

Debt to Equity

-0.01

0.0

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (2)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Anurag Mehrotra	01950688	12 years
Director	Devendra Kumar Rane	00508259	9 years
Director	Chirag Bhupendra Desai	07649004	6 years
Director	Sanjib Kumar Jha Shareholder	02277191	6 years
Director	Shreyans Vijay	07140683	0 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	17.7	13.0	11.8	14.5	60.3
Operating profit	-12.7	-5.3	-0.7	0.4	-0.6
Net profit	-12.9	-5.0	-0.6	0.3	0.7
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	-71.9	-40.5	-6.2	3.0	-0.9
Net margin	-72.1	-37.2	-4.8	1.9	1.2
Networth	3.1	12.4	12.3	12.6	21.7
Borrowings	-	-	-	0.1	-
Assets	29.2	26.6	22.7	27.4	43.9
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	0.1	0.2	0.1	0.5	1.4
ROE	-417.2	-40.2	-4.7	2.2	3.3
Days payable	-	-	-	-	-
WC days	-488.0	-311.0	-268.0	-202.0	46.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.8	1.0	1.0	1.0	1.0
Reserves	2.3	11.5	11.4	11.6	20.6
Borrowings +	-	-	-	0.1	-
Long term borrowings	-	-	-	0.1	-
Short term borrowings	-	-	-	-	-
Trade payables +	20.0	9.4	4.2	5.6	4.8
Days payable	-	-	-	-	-
Other liabilities +	6.1	4.8	6.2	9.0	17.4
Other non-current liabilities	-	-	0.2	-	0.4
Other current liabilities	6.0	4.7	5.9	9.0	17.1
Total liabilities	29.2	26.6	22.7	27.4	43.9
Fixed Assets +	0.4	0.3	0.3	0.2	0.2
Tangible assets	0.4	0.3	0.3	0.2	0.1
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	26.4	22.7	20.3	19.9	14.0
Other non-current assets	-	0.6	0.7	0.7	0.3
Current assets +	2.4	3.0	1.5	6.7	29.4
Inventories	-	-	-	-	-
Trade receivables	0.3	0.4	0.5	0.8	1.2
Cash and cash equivalents	-	0.2	-	0.2	4.7
ST loans and advances	0.2	0.2	-	0.5	4.1
Other current assets	1.8	2.1	0.9	5.2	19.4
Total assets	29.2	26.6	22.7	27.4	43.9

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.87	3.66	4.31	3.58	2.39
Reserves	7.71	43.0	49.99	42.49	47.01
Borrowings +	0.0	0.0	0.0	0.48	0.0
Long term borrowings	0.0	0.0	0.0	0.48	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	68.59	35.47	18.51	20.44	10.89
Other liabilities +	89.42	53.34	45.7	53.45	50.59
Other non-current liabilities	0.27	0.32	1.03	0.0	0.83
Other current liabilities	20.57	17.56	26.17	33.01	38.87
Total liabilities
Fixed Assets +	1.46	1.2	1.19	0.78	0.35
Tangible assets	1.42	1.17	1.15	0.75	0.33
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.03	0.03	0.04	0.03	0.02
LT loans and advances	90.25	85.05	89.15	72.47	31.84
Other non-current assets	0.0	2.39	3.08	2.46	0.69
Current assets +	8.29	11.35	6.58	24.28	67.12
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	1.19	1.47	2.05	2.88	2.79
Cash and cash equivalents	0.08	0.89	0.25	0.68	10.72
ST loans and advances	0.85	0.92	0.27	1.86	9.41
Other current assets	6.17	8.07	4.01	18.87	44.2
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	17.7	13.0	11.8	14.5	60.3
Sales growth %	-45.36	-26.2	-9.38	22.4	317.09
Expenses +	30.7	18.4	12.7	14.2	60.9
Cost of goods	-	-	-	-	-
Employee cost	21.8	13.5	8.1	7.6	28.4
Other costs	8.6	4.8	4.5	6.4	32.4
Operating profit +	-12.7	-5.3	-0.7	0.4	-0.6
Operating margin %	-71.9	-40.5	-6.2	3.0	-0.9
Other income	0.2	0.4	0.3	-	1.3
Interest	-	-	0.1	0.1	-
Depreciation	0.4	0.1	-	-	-
Exceptional items	-	-	-	-	-
Profit before tax	-12.9	-5.0	-0.6	0.3	0.7
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-12.9	-5.0	-0.6	0.3	0.7
Net margin %	-72.1	-37.2	-4.8	1.9	1.2

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	98.9	97.09	97.41	99.81	97.86
Expenses +	172.14	137.25	104.8	98.1	98.84
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	121.86	100.49	66.66	52.69	46.15
Other costs	48.16	35.92	36.78	44.11	52.61
Operating profit	-71.12	-39.32	-6.03	3.01	-0.91
Other income	1.1	2.91	2.59	0.19	2.14
Interest	0.0	0.0	0.85	0.92	0.0
Depreciation	2.12	0.84	0.51	0.38	0.08
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-72.14	-37.25	-4.8	1.9	1.16
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-72.14	-37.25	-4.8	1.9	1.16

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	9.4	2.1	1.8	2.2	2.0
Liquidity +
Current Ratio	0.1	0.2	0.1	0.5	1.4
Quick Ratio	0.1	0.2	0.1	0.5	1.4
Interest Coverage	-	-	-7.1	3.3	-
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	-71.9	-40.5	-6.2	3.0	-0.9
Net Margin	-72.1	-37.2	-4.8	1.9	1.2
Return +
Return on Equity	-417.2	-40.2	-4.7	2.2	3.3
Pre-tax ROCE	56.4	50.0	9.5	-4.9	-7.8
Return on Assets	-44.1	-18.8	-2.6	1.0	1.6
Pre-tax ROIC	-423.6	-43.4	-6.4	3.0	-2.8
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	7.0	11.0	14.0	20.0	7.0
Fixed Asset Turnover	41.6	40.6	43.9	67.5	397.4
Total Asset Turnover	0.6	0.5	0.5	0.5	1.4
Working Capital
Cash Conversion Cycle	7.0	11.0	14.0	20.0	7.0
Working Capital Days	-488.0	-311.0	-268.0	-202.0	46.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
EDLION TECHNOLOGIES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
WOODBOX FURNISHING SOLUTIONS PRIVATE LIMITED	Active	1.1 L	1	Maharashtra
ALIEN TRAVELS PRIVATE LIMITED	Active	1.1 L	1	Maharashtra
PIE DAY VENTURES LLP	Active	1.0 L	1	Maharashtra
CONVENIENCE RESTAURANTS PRIVATE LIMITED	Active	1.0 L	1
CHARCOALEATS FOODTECH PRIVATE LIMITED	Active	3.1 L	1	Maharashtra
WISEWORKS TECHNOLOGY PRIVATE LIMITED	Strike Off	1.5 L	1	Maharashtra
EVAM FINANCE PRIVATE LIMITED	Active	20.6 L	1	Maharashtra
BLUEBOARD MANAGEMENT SERVICES PRIVATE LIMITED	Active	10.0 L	2	Maharashtra
GBIC MANAGEMENT LLP	Active	28.2 Cr	1	Delhi
AVAANA ADVISORY SERVICES PRIVATE LIMITED	Amalgamated	7.5 Cr	1
COVERSTACK TECHNOLOGIES PRIVATE LIMITED	Active	9.8 L	1
GOLDEN AROMA HOSPITALITY PRIVATE LIMITED	Active	1.4 L	1	Maharashtra

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U66000MH2013PTC243810

Incorporation

2013, 13.2 years

Company Email

SECRETARIAL@COVERFOX.COM

Paid up Capital

₹ 1.0 Cr

Authorised Capital

₹ 10.0 Cr

AGM

Sep 2025

Type

Private

Others

FAQ - COVERFOX INSURANCE BROKING PRIVATE LIMITED

What is the incorporation date of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The incorporation date of COVERFOX INSURANCE BROKING PRIVATE LIMITED is 30 May, 2013

What is the authorized share capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The authorized share capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED is INR ₹ 10.0 Cr.

What is the paid-up capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The paid-up capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the registered address of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The registered address of COVERFOX INSURANCE BROKING PRIVATE LIMITED is C Wing, 5100-5110, 5th Floor Oberoi Garden Estate, Chandivali Farm Road,Chandivali, Andheri (East) Mumbai Maharashtra - 400072

What is the CIN number of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The CIN number of COVERFOX INSURANCE BROKING PRIVATE LIMITED is U66000MH2013PTC243810.

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