About Exide Life
Exide Life is a company based in Bengaluru (India) founded in 2001 was acquired by HDFC Life in September 2021.. The company has 4,420 employees as of April 03, 2024. Exide Life operates in a competitive market with competitors including SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others.
- Headquarter Bengaluru, India
- Employees 4420 as on 03 Apr, 2024
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Exide Life Insurance Company Limited
- Date of Incorporation 13 Dec, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Funding Insights of Exide Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Exide Life
Exide Life has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HDFC Life. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Life and health insurance services are offered in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Exide Life
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Exide Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Exide Life Comparisons
Competitors of Exide Life
Exide Life operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Exide Life
Frequently Asked Questions about Exide Life
When was Exide Life founded?
Exide Life was founded in 2001.
Where is Exide Life located?
Exide Life is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Exide Life?
Vibha Padalkar is the current CEO of Exide Life.
How many employees does Exide Life have?
As of Apr 03, 2024, the latest employee count at Exide Life is 4,420.
What does Exide Life do?
Exide has more than 10 lakh customers and has 8800 crores of assets under management. It uses multiples channels to reach out to clients - agency, bancassurance, alliances and direct channels. It has more than 35000 advisers. It is pre-dominant in South India. Now, the company is looking to expand across other parts of the country. Exide Life was formerly called ING Vysya life insurance. ING Vysya sold its stake and since then Exide life is a 100 subsidiary of Exide Industries. It offers products across life, health, accident, savings, investments, retirement and pension.
Who are the top competitors of Exide Life?
Exide Life's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
Who are Exide Life's investors?
Exide Life has 1 investor. Key investors include HDFC Life.
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