About IDBI Federal
IDBI Federal is a company based in Mumbai (India) founded in 2007.. The company has 1,794 employees as of April 06, 2024. IDBI Federal operates in a competitive market with competitors including Toffee Insurance, Trovity, Finizon, Kumar Investment Solutions and RAP INFOSYSTEMS, among others.
- Headquarter Mumbai, India
- Employees 1794 as on 06 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 Idbi Federal Life Insurance Company Limited
- Date of Incorporation 22 Jan, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2024
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Net Profit
$0 (USD)0as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
1794
as on Apr 06, 2024
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Funding Insights of IDBI Federal
| 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 IDBI Federal
| 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 - IDBI Federal
| 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 |
Idbi Federal Comparisons
Competitors of IDBI Federal
IDBI Federal 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 Toffee Insurance, Trovity, Finizon, Kumar Investment Solutions and RAP INFOSYSTEMS, 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 |
Provider of microinsurance products for individuals
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| domain | founded_year | HQ Location |
Online platform for insurance broking, claims management, and personalized risk analysis.
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| domain | founded_year | HQ Location |
Financial services are provided by Finizon in Mumbai, India.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance.
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| domain | founded_year | HQ Location |
Offers life, health, and motor insurance to individuals with expert advice.
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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 Idbi Federal
Frequently Asked Questions about IDBI Federal
When was IDBI Federal founded?
IDBI Federal was founded in 2007.
Where is IDBI Federal located?
IDBI Federal is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does IDBI Federal have?
As of Apr 06, 2024, the latest employee count at IDBI Federal is 1,794.
What does IDBI Federal do?
IDBI Federal Life Insurance was founded in 2007 as a joint venture between IDBI Bank, Federal Bank, and Ageas, with equity stakes of 48, 26, and 26 respectively. Operations commenced in 2008, profitability was attained by 2013, and assets under management now exceed 4,080 crores. Term insurance, wealth management, protection, and retirement products are provided. The company is headquartered in Mumbai, India.
Who are the top competitors of IDBI Federal?
IDBI Federal's top competitors include Toffee Insurance, Finizon and MoneyWorks.