About PB Fintech Limited

 

PB Fintech Limited is the parent company behind Policybazaar and Paisabazaar, India’s leading online marketplaces for insurance and credit products. Founded in 2008, the company has evolved from a product discovery platform into a full‑stack, “phygital” ecosystem that blends digital interfaces with in‑person engagement to deliver end‑to‑end customer solutions. Over time, it has broadened its reach from retail to corporate insurance, and expanded from a purely B2C model to a robust B2B2C arm. Complementary verticals now include reinsurance brokerage, payment aggregation and account aggregation, reinforcing a deeper role across the financial services value chain. PB Fintech serves customers in India and internationally, with a growing presence in the UAE through Policybazaar.ae.

 

The company highlights its mission-led approach, strengthening partnerships with insurers and lenders while focusing on customer education and service. It reported a Customer Satisfaction Score of over 90%, and noted that its 20.6 million transacting customers hold an average of 2.6 policies each. In FY25, total insurance premiums grew 48% year‑on‑year to Rs 23,486 crore, led by Health and Life Insurance. The founders also termed the removal of GST on insurance a significant milestone for the industry and for the company’s advocacy of protection products.

 

As on March 31, 2025, PB Fintech had fifteen subsidiaries and one associate company. After the financial year’s closure, it incorporated a new step‑down subsidiary in Dubai, UAE, and PB Healthcare Services Private Limited became an associate of the company.

 

PB Fintech Limited Milestone

 

Key milestones include international expansion to the UAE, deepening of a phygital model, entry into corporate insurance through “PB for Business”, and the build‑out of adjacent verticals such as reinsurance brokerage, payment aggregation and account aggregation—developments that underscore an increasing breadth and depth across the financial services ecosystem .

 

PB Fintech Limited Key Management

• Yashish Dahiya – Chairman, Executive Director & Chief Executive Officer
• Alok Bansal – Executive Vice Chairman & Whole Time Director
• Sarbvir Singh – Executive Director & Joint Group Chief Executive Officer
• Mandeep Mehta – Chief Financial Officer
• Bhasker Joshi – Company Secretary

 

Latest Updates on PB Fintech Limited 

• Corporate actions and investments: The company extended unsecured loans of Rs 251 crore to Policybazaar Insurance Brokers Private Limited (repaid during the period) and Rs 40 crore to Paisabazaar Marketing and Consulting Private Limited. It altered the object of utilisation of its IPO proceeds during the year.

 

• Portfolio reshaping: PB Fintech divested 29.30% of Visit Health Private Limited for Rs 76 crore, and sold equity shares and CCPS of Visit Internet Services Private Limited for Rs 2 crore. It also acquired shares of Genesis Group Limited, which holds 49% of Genesis Insurance Brokers LLC in Dubai, for AED 3,877,400; the broker has a deposit of AED 3 million with the Dubai authorities (enterprise value AED 877,400; approximately Rs 2 crore).
• Group structure: As of March 31, 2025, the company had fifteen subsidiaries and one associate; after year‑end, Paisabazaar Middle East Marketing LLC was incorporated in Dubai, UAE, and PB Healthcare Services Private Limited ceased to be a subsidiary and became an associate of the company.
• New entities: PB Pay Private Limited commenced on April 09, 2024. PB Healthcare Services Private Limited became a subsidiary with effect from January 01, 2025, and, post‑year‑end, PB Fintech invested Rs 53,940 Lakh in it; following additional investments and ESOP pool creation, PB Healthcare became an associate with the company’s shareholding at 40.32%.
• Scheme of amalgamation: Under the proposed scheme with Makesense, PB Fintech will issue equity shares to Makesense shareholders in the same proportion as Makesense holds in PB Fintech, resulting in no change to PB Fintech’s shareholding pattern or economic interest of its shareholders.