Indiafirst Life Insurance Company Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2008.

2008 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

About Indiafirst Life Insurance Company Limited

Indiafirst Life Insurance Company Limited, a active public limited company, was established on 19 June 2008 in Mumbai, Maharashtra, India. Engaging in life insurance providers within the financial and insurance service sector, it holds CIN: U66010MH2008PLC183679. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1,000.00 Cr and a paid-up capital of ₹754.66 Cr.

Formerly known as Baroda L & G Life Insurance Company Limited. It upholds a compliant status. Employing 4,303 professional, Its leadership includes Narasimhan Rajashekaran (Director), Rajaraman Arunachalam (Director), Shailendra Harinandan Singh (Nominee Director). Past directors included Ajay Mathur, Narasimhan Rajashekaran, Rakesh Sethi. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at 12Th And 13Th Floor, North C Wing, Tower 4, Nesco It Park, Western Express Highway, Gorega, On East, Mumbai, Maharashtra, 400063.

Company Details

CIN/LLPIN
U66010MH2008PLC183679
Registration Number
183679
Incorporation Date
19 June 2008
Authorized Capital
₹1,000.00 Cr
Paid-Up Capital
₹754.66 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,000.00 Cr as on 23-12-2025
Paid Up Capital ₹ 754.66 Cr as on 23-12-2025
Company Age 17 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** % (FY 2023)
Ebitda ****
Net Worth ****
Total Assets **** % (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Indiafirst Life Insurance Company Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Indiafirst Life Insurance Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Narasimhan Rajashekaran	Director	11 Oct 2024	Current
Rajaraman Arunachalam	Director	31 Mar 2025	Current
Shailendra Harinandan Singh	Nominee Director	25 Apr 2024	Current
Rushabh Ashwin Gandhi	Managing Director	01 Jul 2024	Current
Lalit Tyagi	Nominee Director	08 May 2024	Current
Narendra Ostawal	Nominee Director	07 Feb 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	19 Dec 2017	Past
Pramod Abcsdd	Additional Director	28 Nov 2024	Past
Pramod Abcsdd	Additional Director	17 Dec 2009	Past
Pramod Abcsdd	Additional Director	28 Jun 2011	Past
Pramod Abcsdd	Director	01 Sep 2010	Past
Pramod Abcsdd	Nominee Director	30 Sep 2015	Past

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Financial Performance of Indiafirst Life Insurance Company.

Indiafirst Life Insurance Company Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

*******

Revenue from Operations

*******

Total Assets

*******

Profit or Loss

*******

Net Worth

*******

EBITDA

*******

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What is the Ownership and Shareholding Structure of Indiafirst Life Insurance Company?

In 2022, Indiafirst Life Insurance Company had a promoter holding of 91.00% and a public holding of 9.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Indiafirst Life Insurance Company?

Indiafirst Life Insurance Company has a workforce of 4303 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Indiafirst Life Insurance Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Indiafirst Life Insurance Company's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Indiafirst Life Insurance Company

Recent Activity within the Organization

Annual General Meeting

The activity Indiafirst Life Insurance Company Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.
26 Sep 2025
Balance Sheet

The activity Indiafirst Life Insurance Company Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Rajaraman Arunachalam was appointed as a Director was appointed as a Director on 31 Mar 2025 & has been associated with this company since 10 months 28 days . was recorded as a recent event.
31 Mar 2025
Director Appointment

Narasimhan Rajashekaran was appointed as a Director was appointed as a Director on 11 Oct 2024 & has been associated with this company since 1 year 4 months . was recorded as a recent event.
11 Oct 2024
Director Appointment

Rushabh Ashwin Gandhi was appointed as a Ceo was appointed as a Ceo on 03 Jul 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
03 Jul 2024
Director Appointment

Rushabh Ashwin Gandhi was appointed as a Managing Director was appointed as a Managing Director on 01 Jul 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
01 Jul 2024

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