v3.26.1
Intangible assets, net
 12 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible assets, net

8 Intangible assets, net

 

  

As of

March 31, 2026

  

As of

March 31, 2025

 
Software for internal use   17,117,154    8,281,900 
Customer contracts   2,585,885    1,163,052 
Intangible assets under development   1,613,679    712,964 
Intellectual property   62,524    150,662 
Agency relationship     1,445,471       -  
Trademark   15,775    53 
Total   22,840,488    10,308,631 
Less: accumulated depreciation and amortization   (13,149,836)   (9,021,736)
Less: impairment loss   (38,737)   (43,642)
Intangible assets, net   9,651,915    1,243,253 

 

For the year ended March 31, 2026, the Company has not derecognized any intangible assets. The prior year totaled $1,167,264 including write-off of customer contracts with Global Insurance Management amounting to $1,194,811 and related accumulated amortization of $389,714, due to termination of the contract and the absence of any future economic benefits.

 

The Company conducted a qualitative assessment of its intangible assets and concluded that it is more likely than not that the carrying amount of the acquired assets does not exceed their fair value. As such, no impairment was recorded.

 

During the year ended March 31, 2026, the Company acquired a distribution network (the “Agency Relationship”) from the Viaansh Insurance Brokers Private Limited (“Viaansh”) amounting to $1,445,471.

 

During the year ended March 31, 2026, Company has capitalized software for internal use amounting to $1,202,769 from the Intangible Assets under development (prior year $0).

 

The estimated amortization schedule for the Company’s intangible assets for future periods is set out below:

 

   Amount 
2027   1,113,438 
2028   1,113,438 
2029 and thereafter   5,919,665