Alliance - About the company
Alliance is a series A company based in Mumbai (India), founded in 2003 by Aatur Thakkar. It operates as a Provider of insurance brokerage services. Alliance has raised $10.8M in funding from Access Asset Managers and Liatris, with a current valuation of $*****. The company has 579 active competitors, including 13 funded and 18 that have exited. Its top competitors include companies like CreditWise Capital, Edelweiss and PBPartners.
Company Details
Provider of insurance brokerage services. Its other services include aviation and aerospace, infrastructure, energy, media, entertainment, sports, audit, risk assessment and claims management. And also offers commercial motor insurance services.
- Website
- allianceinsurance.in
- Social
- Email ID
- *****@allianceinsurance.in
- Phone Number
- +91 **********, +91 **********
- Registered Address
- 8th Floor, Gold Crest, 10th Road, Juhu, Vile Parle (West), Mumbai, Maharashtra, India, 400049
Key Metrics
Founded Year
2003
Location
Mumbai, India
Stage
Series A
Total Funding
$10.8M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 17, 2016
Investors
Ranked
9th among 579 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
449 as on Aug 31, 2025
Similar Companies
Legal entities associated with Alliance
Alliance is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ALLIANCE INSURANCE BROKERS PRIVATE LIMITED CIN: U67200MH2003PTC141621 , India, Active | Aug 06, 2003 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 452 (As on Apr 01, 2026) |
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Alliance's funding and investors
Alliance has raised a total funding of $10.8M over 2 rounds. Its first funding round was on Oct 23, 2015. Its latest funding round was a Series A round on Mar 17, 2016 for $*****. 1 investor participated in its latest round. Alliance has 4 institutional investors.
Here is the list of recent funding rounds of Alliance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 17, 2016 | 3233659 | Series A | 4762921 | 9093365 | 4624599 | 8105892 |
Oct 23, 2015 | 9365002 | Series A | 8095194 | 8692439 |
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Alliance's founders and board of directors
Founder? Claim ProfileThe founders of Alliance is Aatur Thakkar.
Here are the details of Alliance's key team members:
- Aatur Thakkar: Co-Founder of Alliance. Contact Info: 1 email address
Alliance's Board of Directors
Alliance's board has 9 active members. Sangeeta Bhagwatiprasad Modi, Nilesh Bansilal Mehta, Thakkar Shashikant and Muktaben V Thakkar are part of team and Bhuthalingam Gowri Jayaraman, Aatur Shashikant Thakkar, Salil Ranjan Das, Pranav Kanak Shah and Tapas Nandi are independent board members.Here is the list of Alliance's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 23y 0m | |
Team | - | Current | 23y 0m | |
Investor | - | Current | 10y 10m | |
Investor | - | Current | 10y 10m | |
Independent board member | - | Current | 11y 10m | |
sklsjc{ | Independent board member | - | Current | 8y 4m |
uuooitr | Independent board member | - | Current | 8y 8m |
ngwvekx | Independent board member | - | Current | 7y 7m |
{rogcsg | Independent board member | - | Past | 1y 5m |
View details of Alliance's Founder profiles and Board Members
Alliance's employee count trend
Alliance has 449 employees as of Aug 25. The total employee count is 1.0% lower than what it was in Aug 24. Here is Alliance's employee count trend over the years:
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Alliance's Competitors and alternates
Top competitors of Alliance include CreditWise Capital, Edelweiss and PBPartners. Here is the list of Top 10 competitors of Alliance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  CreditWise Capital 2018, Mumbai (India), Series A | Provider of technology driven consumer finance and vehicle insurance products | $36.4M | 67/100 | |
2nd | Provider of investment management, SME loans, and insurance services | - | 64/100 | ||
3rd |  PBPartners 2021, Gurugram (India), Funding Raised | Web-based platform for multiple insurance products | - | - | 62/100 |
4th |  Marsh 1871, New York City (United States), Public | Provider of risk management, insurance brokerage, and consulting services globally | - | 59/100 | |
5th |  Ace Insurance Brokers 2001, Delhi (India), Acquired | Provider of risk mitigation and insurance solutions for businesses | - | - | 57/100 |
6th |  Ideal Insurance Brokers 2005, Kolkata (India), Seed | Provider of insurance portfolio management services and brokerage solutions for clients across both life and general insurance categories | $1.96M | 54/100 | |
7th | Probus Insurance Broker 2002, Mumbai (India), Series A | Online insurance brokerage platform offering life, health, and motor insurance products | $6.7M | 54/100 | |
8th | Global Insurance Brokers 1973, Mumbai (India), Acquired | Provider of insurance brokerage services | - | - | 53/100 |
9th | Provider of insurance brokerage services | $10.8M | 53/100 | ||
10th | Mahindra Insurance Brokers 2004, Mumbai (India), Series A | Provider of diversified insurance brokerage services | $14.8M | 53/100 |
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Alliance's Latest cap tables and shareholding
Founders (largest shareholder) own 72.95%, Funds own 5.48%, Enterprises own 15.72% and Other People own 5.85%. The net worth of Alliance's founders is INR 103Cr as of Oct 23, 2015.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 72.95% | 103Cr | 4610261 | 2219404 | 1584529 | 6393339 |
27462 | 47460 | 31809 | 33677 | 73273 | 29616 | |
Fund | 5.48% | 7.75Cr | 59966 | 86632 | 50978 | 83350 |
40485 | 42690 | 68820 | 37815 | 57154 | 33432 | |
Enterprise | 15.72% | 22.3Cr | 1902245 | 4443476 | 3895811 | 3848351 |
Other People | 5.85% | 8.28Cr | 80239 | 49400 | 57052 | 68271 |
Total | 100.00% | 141Cr | 4402407 | 3335842 | 3629164 | 9695311 |
To unlock detailed Cap Table of Alliance Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Alliance's Shareholding
Alliance's Investments and acquisitions
Alliance has made no investments or acquisitions yet.
Reports related to Alliance
Here is the latest report on Alliance's sector:
News related to Alliance
Media has covered Alliance for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Daya Secures $2.4 Million for African Cross-Border PaymentsTechMoran•Jun 26, 2026•Hivemind Capital, Alliance, Lattice Fund, Aptos Network and 2 others
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AM Best Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its SubsidiariesInsuranceNewsNet•Jun 23, 2023•AM Best, Alliance
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Allianz, Dunzo tie up to offer insurance to 20,000 delivery partnersBusiness Standard•Feb 22, 2023•Dunzo, Allianz, Alliance
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