About ICICI Lombard
ICICI Lombard is a company based in Mumbai (India) founded in 2001.. ICICI Lombard has raised $306.52 million across 2 funding rounds from investors including Fairfax Financial Holdings. The company has 16,700 employees as of March 31, 2024. ICICI Lombard has completed 2 acquisitions, including AutoNinja and Bharti AXA GI. ICICI Lombard operates in a competitive market with competitors including Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance, HDFC ERGO and Royal Sundaram, among others.
- Headquarter Mumbai, India
- Employees 16700 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Icici Lombard General Insurance Co. Ltd.
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Annual Revenue
$2.8 B (USD)16.53as on Mar 31, 2024
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Net Profit
$292.99 M (USD)30.74as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2024
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Total Equity Funding
$306.52 M (USD)
in 2 rounds
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Latest Funding Round
$72.58 M (USD), Private Equity Round
Aug 01, 2016
- Investors
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Employee Count
16700
as on Mar 31, 2024
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Investments & Acquisitions
AutoNinja
& 1 more
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IPO & Listings of ICICI Lombard
ICICI Lombard is a publicly listed company on the NSE with ticker symbol ICICIGI in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
74 people
Leadership Team
71 people
Product Management Team
42 people
Human Resources and Administration
24 people
Senior Team
20 people
Sales and Marketing
14 people
Actuarial Team
5 people
Legal and Compliance
4 people
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Funding Insights of ICICI Lombard
ICICI Lombard has successfully raised a total of $306.52M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $72.58 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $72.6M
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First Round
First Round
(01 Apr 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2016 | Amount | Private Equity Round - ICICI Lombard | Valuation |
investors |
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| Apr, 2016 | Amount | Private Equity Round - ICICI Lombard | Valuation |
investors |
| 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 |
Investors in ICICI Lombard
ICICI Lombard has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Fairfax Financial Holdings. 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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Property & casualty insurance company
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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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 ICICI Lombard
ICICI Lombard has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AutoNinja and Bharti AXA GI. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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CRM solutions for auto dealerships are provided via integrated platforms.
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2013 | ||||
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General Insurance
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - ICICI Lombard
| 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 |
Icici Lombard Comparisons
Competitors of ICICI Lombard
ICICI Lombard 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 Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance, HDFC ERGO 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 |
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 services are provided across India.
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| domain | founded_year | HQ Location |
General Insurance
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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 Icici Lombard
Frequently Asked Questions about ICICI Lombard
When was ICICI Lombard founded?
ICICI Lombard was founded in 2001 and raised its 1st funding round 15 years after it was founded.
Where is ICICI Lombard located?
ICICI Lombard is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ICICI Lombard?
Sanjeev Mantri is the current CEO of ICICI Lombard.
Is ICICI Lombard a funded company?
ICICI Lombard is a funded company, having raised a total of $306.52M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $233.94M, raised on Apr 01, 2016.
How many employees does ICICI Lombard have?
As of Mar 31, 2024, the latest employee count at ICICI Lombard is 16,700.
What is the annual revenue of ICICI Lombard?
Annual revenue of ICICI Lombard is $2.8B as on Mar 31, 2024.
What does ICICI Lombard do?
ICICI Lombard was established in 2001 and is based in Mumbai, India. Operations center on the insurance sector, where life, health, and general coverage options are offered to clients. Policies are tailored for personal and commercial needs, with distribution handled through digital and traditional channels. The companys domain, icicilombard.com, supports online access to these services in the Indian market.
Who are the top competitors of ICICI Lombard?
ICICI Lombard's top competitors include Bajaj Finserv, SarvaGram and Bajaj Allianz General Insurance.
Is ICICI Lombard publicly traded?
Yes, ICICI Lombard is publicly traded on NSE under the ticker symbol ICICIGI.
How many acquisitions has ICICI Lombard made?
ICICI Lombard has made 2 acquisitions, including AutoNinja, and Bharti AXA GI.
Who are ICICI Lombard's investors?
ICICI Lombard has 1 investor. Key investors include Fairfax Financial Holdings.
What is ICICI Lombard's ticker symbol?
The ticker symbol of ICICI Lombard is ICICIGI on NSE.
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