Company Directory / Insurance

M

PrivateFor profitInsuranceMumbai, Maharashtra, India

Mahindra Insurance Brokers

Mahindra Insurance Brokers is an insurance company.

Founded
1987
39 years ago
Staff
1001-5000
905 on LinkedIn
Followers
44k
on LinkedIn
Funding
$2.9B
as listed, USD

Mahindra Insurance Brokers Ltd. (MIBL) set off on the journey of changing lives and the face of the insurance sector in India in the year 2004. MIBL was granted a Direct Broker's License by the Insurance Regulatory and Development Authority (IRDA) in May 2004 for undertaking direct insurance broking in Life and Non-Life businesses. Since then, MIBL has empanelled itself with various public and private insurance companies to offer customised solutions to customers. In September 2011, it was granted a Composite… Read all

Mahindra Insurance Brokers Ltd. (MIBL) set off on the journey of changing lives and the face of the insurance sector in India in the year 2004. MIBL was granted a Direct Broker's License by the Insurance Regulatory and Development Authority (IRDA) in May 2004 for undertaking direct insurance broking in Life and Non-Life businesses. Since then, MIBL has empanelled itself with various public and private insurance companies to offer customised solutions to customers. In September 2011, it was granted a Composite Broker’s license by the IRDA, thus foraying into the Reinsurance Broking business. Mahindra Insurance Brokers is one of the few insurance broking companies in India to have been awarded the prestigious ISO 9001:2015 Certification for Quality Management Systems. MIBL provides direct insurance broking for Commercial and Retail customers and offers a range of Life and Non-Life products. Facilitated by: Mahindra Insurance Brokers Limited (A Mahindra Group Company), Corporate Office - II, A-202, Piramal Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai – 400070 | IRDAI License No. 261 | License Validity: 17-05-2025 | Category: Composite Broker CIN U65990MH1987PLC042609 | Member of Insurance Brokers Association of India (IBAI). For any queries/suggestions/complaints, write to us at insurance.care@mahindra.com | Website: www.mahindrainsurance.com Insurance is underwritten by insurance company duly licensed by IRDAI. For more details on the risk factors, terms and conditions please read the policy document carefully before concluding the sale. Insurance is the subject matter of solicitation. Read all the terms carefully before concluding sale. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonuses, or investment of premiums. The public receiving such phone calls are requested to lodge a police complaint. Visit www.irdai.gov.in

Set against six million companies

Size

1-1011-5051-100101-250251-500501-10001k-5k5k-10k10k+

1001-5000 people: larger than 97% of companies with a size listed. 905 people list it on LinkedIn.

Age

198719002026

39 years old.

Reach

Website ranked #4,111,223 in the world for traffic, about 3k visits a month. 43,818 followers on LinkedIn.

What it does

FinanceInsuranceMotor InsuranceLiability InsuranceHealth InsuranceProperty InsuranceReinsuranceRisk ConsultingMarine InsuranceFire InsuranceGroup Mediclaim

Funding, as listed

$2.9B raised in total

  • Rounds2
  • LatestUndisclosed, Sept 2023
  • Latest amountUSD 24,836,536
  • Investors2, 2 leading

What the source datasets report. We have not watched these rounds ourselves.

FoundersJaideep Devare

Every detail we hold

Everything the source datasets list about Mahindra Insurance Brokers, field by field. Contact details are held but never shown.

The company

Name
Mahindra Insurance Brokers
Type
For profit
Status
Private
Founded
1987
Founders
Jaideep Devare
Industry
Insurance
Categories
Finance, Insurance
Specialities
Motor Insurance, Liability Insurance, Health Insurance, Property Insurance, Reinsurance, Risk Consulting, Marine Insurance, Fire Insurance, Group Mediclaim

Where

City
Mumbai
Region
Maharashtra
Country
India
Markets
Asia-Pacific (APAC)

Size and reach

Staff band
1001-5000
People on LinkedIn
905
LinkedIn followers
43,818
Web traffic rank
#4,111,223
Monthly web visits
2,524

Funding, as listed

Total
$2,867,900,000 USD
Rounds
2
Latest round
Undisclosed
Latest round date
Sept 2023
Latest amount
24,836,536 USD
Investors
2
Lead investors
2
Listing status
private

About this record

Sources
Crunchbase, LinkedIn
Last imported
Sept 2026

Growth, as the source summarises it

Mahindra Insurance Brokers may be growing as evidenced by its partnership with TotalEnergies India to provide insurance services at authorized workshops, which could potentially increase its customer base and service offerings. This collaboration indicates an expansion of operations and could lead to increased revenue streams. Additionally, the company's association with a global energy player like TotalEnergies suggests a strengthening of its market position and the potential for further strategic partnerships.

Summaries written by the source dataset, not by us, and not checked.

Companies like it

Insurance in India.

See all in the directory →

From the company datasets we hold (Crunchbase, LinkedIn and Apollo listings), as listed there; 139,726 companies in India and 5,926,251 in all. We hold no contact details for public display. Correct this, or ask for it to be removed.