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Property and Equipment, Net | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2023 | Mar. 31, 2023
Property, Plant and Equipment [Abstract] |  |
Property and Equipment, Net | 8. Property and equipment, net The components of property and equipment, net were as follows:
|  | As of December 31, 2023 |  |  | As of March 31, 2023 |
Computers |  |  | 648,120 |  |  |  | 370,516 |
Office equipment |  |  | 440,230 |  |  |  | 153,432 |
Furniture & fixtures |  |  | 198,364 |  |  |  | 69,338 |
Electrical equipment |  |  | 30,983 |  |  |  | 6,312 |
Leasehold improvements |  |  | 31,772 |  |  |  | 21,381 |
Total |  |  | 1,349,469 |  |  |  | 620,979 |
Less: accumulated depreciation |  |  | (824,985 | ) |  |  | (388,486 | )
Property and equipment, net |  |  | 524,484 |  |  |  | 232,493 |
The Company capitalized $728,490 (net of disposal and CTA impact of $0 and $(1,478), respectively) and $59,568 (net of disposal and CTA impact of $137,230 and $43,496, respectively) for the periods ended December 31, 2023 and as of March 31, 2023, respectively out of which $396,123 is related to acquisitions of FA Premium Insurance Broking Pvt. Ltd., Global Insurance Management Limited and National Automobile Club. The Company capitalized $20,463 and $115,383 towards computers for the periods ended December 31, 2023 and March 31, 2023, respectively. Depreciation expense relating to property and equipment amounted to $171,268 and $145,614 for the periods ended December 31, 2023 and for March 31, 2023 respectively out of which $45,392 and $97,996 relate to computer for the periods ended December 31, 2023 and March 31, 2023, respectively. | 6. Property and equipment, net The components of property and equipment, net were as follows:
|  | As of March 31, 2023 |  |  | As of March 31, 2022 |
Computers |  |  | 370,516 |  |  |  | 375,786 |
Office equipment |  |  | 153,432 |  |  |  | 97,825 |
Furniture & fixtures |  |  | 69,338 |  |  |  | 57,768 |
Electrical equipment |  |  | 6,312 |  |  |  | 6,845 |
Leasehold improvements |  |  | 21,381 |  |  |  | 23,187 |
Total |  |  | 620,979 |  |  |  | 561,411 |
Less: accumulated depreciation |  |  | (388,486 | ) |  |  | (402,419 | )
Property and equipment, net |  |  | 232,493 |  |  |  | 158,992 |
The Company capitalized $59,568 (net of disposal and CTA impact of $137,230 and $43,496 respectively) and $107,833 (net of disposal and CTA impact of $2,614 and $14,248, respectively) for the year ended March 31, 2023 and 2022, respectively. The Company capitalized $115,383 and $81,716 towards computers for the years ended March 31, 2023 and 2022, respectively. Depreciation expense relating to property and equipment amounted to $145,614 and $81,349 for March 31, 2023 and 2022, respectively, out of which $97,996 and $48,234 relates to computers for March 31, 2023 and 2022, respectively.

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