SIP Questions (Week 1-2)

1.What is the history of the company?

Insplore Consultants Private Limited is a Private company incorporated on 01
January 2018. It is registered at the Registrar of Companies, Delhi. Its authorized
share capital is Rs. 100,000. The directors of Insplore Consultants Private Limited
are Mr. Himalaya Sethi and Chetna Gumber. Insplore Consultants is a leading
provider of professional wealth advisory in India.

2. What are the products and services of the company?

The company belongs to the BFSI (Banking, Financials & Insurance) industry and
provides various kinds of services to its customers but portfolio management is the
main service provided by the company to its customers. Some other services which
the company also provides are:
 Financial analysis services
 Taxation services
 Investment services
 Internship Programme

3. Who are the competitors?

Competitors of Insplore Consultants Pvt. Ltd. are Sundaram Finance, Bonanza
Growth, First Meridian, Elite Wealth ltd., and Aparajitha Corporate Services.

4. What are company growth plans?

The company data is not available but the main service which the company is
providing is Portfolio Management in which the company suggests Bank of Baroda
Insurance policies for the investment to its customers.
According to the latest data by IRDAI (Insurance Regulatory Development
Authority of India)2024, the India First Life (Service of BOB) shows 118.00cr 1st-
year premium collection which is decreased by -18.21% compared to 2023. By
analyzing this data the company's current Revenue might be decreased.
5. What is the organizational structure of the company?
Insplore Consultants is a small company with an authorized capital of Rs. 100000.
The company has 3 subsidiary companies (AIM, Zielhoch, Leading Solutions ). The
number of employees in the Insplore Consultants Pvt. Ltd. are 23-26. The company
director is Mr. Himalaya Sethi and the Additional Director is Chetna Gumber. The
Channel Strategy head of the company is Mr. Chinmay Dev Tiwari.

6. How does it stay ahead in competition and adapt to changes?

Approximately 6 years of experience and adaptability of changes according to the
economy in the the company and the employees and through planning and strategies,
the company is ahead of its competition. Through maintaining strong relationships
with clients and customizing solutions to meet their specific needs. Regularly
updating its service offerings and the company go hand in hand with technological
advancements.

7. What are the current trends in the industry?

Insurance industry is one of the premium sector in india and showing an upward
growth. India is the fifth largest life insurance market in the world's emerging
insurance markets. People are buying insurance policies more in comparison to the
previous years. The insurance industry of India has 57 insurance companies - 24 are
in the life insurance business, while 34 are non-life insurers. LIC is the sole public
sector company. According to the IRDAI data, the LIC collected 16690cr. in 2024
as the 1st year Premium.