About HDFC ERGO
HDFC ERGO is a company based in Mumbai (India) founded in 2002.. The company has 277 employees as of April 04, 2024. HDFC ERGO has completed 2 acquisitions, including Apollo Munich Health Insurance and L&T General Insurance Company Limited. HDFC ERGO operates in a competitive market with competitors including ICICI Lombard, Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance and Royal Sundaram, among others.
- Headquarter Mumbai, India
- Employees 277 as on 04 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 Hdfc Ergo General Insurance Company Limited
- Date of Incorporation 27 Dec, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
277
as on Apr 04, 2024
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Investments & Acquisitions
Apollo Munich Health Insurance
& 1 more
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Funding Insights of HDFC ERGO
| 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 |
Investments & Acquisitions by HDFC ERGO
HDFC ERGO has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Apollo Munich Health Insurance and L&T General Insurance Company Limited. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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General insurance is provided to individuals, SMEs, and corporates.
|
2010 | ||||
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Pure-play health insurance provider
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HDFC ERGO
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hdfc Ergo Comparisons
Competitors of HDFC ERGO
HDFC ERGO 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 ICICI Lombard, Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance and Royal Sundaram, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life, health, and general insurance services are provided across India.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Provider of home, personal, farm and business loans
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| domain | founded_year | HQ Location |
Offers insurance for health, vehicles, travel, life, and commercial needs.
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| domain | founded_year | HQ Location |
General Insurance
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Hdfc Ergo
Frequently Asked Questions about HDFC ERGO
When was HDFC ERGO founded?
HDFC ERGO was founded in 2002.
Where is HDFC ERGO located?
HDFC ERGO is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of HDFC ERGO?
Ritesh Kumar is the current CEO of HDFC ERGO.
How many employees does HDFC ERGO have?
As of Apr 04, 2024, the latest employee count at HDFC ERGO is 277.
What does HDFC ERGO do?
HDFC ERGO was established in 2002 and is based in Mumbai, India. General insurance is offered by the company, encompassing health, motor, travel, and property coverage. Operations are centered in the Indian market, with services extended through digital and traditional channels. The firm is led by CEO and MD Ritesh Kumar, focusing on risk management solutions for individuals and businesses.
Who are the top competitors of HDFC ERGO?
HDFC ERGO's top competitors include ICICI Lombard, Bajaj Finserv and SarvaGram.
How many acquisitions has HDFC ERGO made?
HDFC ERGO has made 2 acquisitions, including Apollo Munich Health Insurance, and L&T General Insurance Company Limited.
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