About Indusind General Insurance Company Limited
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Indusind General Insurance Company Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Capital Ltd. It operates in the general insurance providers segment of the financial services sector. It was incorporated on 17 August 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66603MH2000PLC128300. Its GSTIN is 27AABCR6747B1ZG (Maharashtra). The company holds 28 GST registrations, of which 27 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹267.9 Cr. It was formerly known as Reliance General Insurance Company Limited. It is led by directors including Thomas Mathew and Sharadchandra Zaregaonkar.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 International Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹510.95 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹315.44 Cr (net margin 61.7%) and EBITDA of ₹392.59 Cr (EBITDA margin 76.8%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 2% over five years.
The company has about 6,071 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Reliance General. As per MCA filings, the company has open charges of ₹583.14 Cr and satisfied charges of ₹1,119.68 Cr on record. Court records list 1,39,140 cases involving the company, including 16,951 filed by the company and 1,22,231 filed against it; 22,108 cases are pending. The company has 15 deals on record (7 funding rounds, 5 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,815 Cr; the latest was in March 2026. Its 9 peer companies in the BFSI industry (General Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities) are compared by revenue, 4 larger and 5 smaller; the largest is Bajaj General Insurance Limited with revenue of ₹1,908.31 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancegeneral.co.in.
Company details
Contact details
Indusind General Insurance Company Limited's registered office is in Mumbai, Maharashtra. Its website is reliancegeneral.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor Oberoi Commerz – 1 International Business Park Oberoi Gard, En City, Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, General Insurance Providers
To see the full contact details of Indusind General Insurance Company Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indusind General Insurance Company operates one associated brand: Reliance General. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| General insurance services are provided across India by Reliance General. | reliancegeneral.co.in |
Business activity
The main business activity of Indusind General Insurance Company is financial and insurance service. In detail, this covers life/non-life insurance and reinsurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K3 | Life/Non-life Insurance and Reinsurance activities |
To see the full business activity and turnover split of Indusind General Insurance Company Limited, buy the company report.
Financials of Indusind General Insurance Company Limited
FY 2025 filings availableIndusind General Insurance Company Limited reported revenue of ₹510.95 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 4% fall in the latest year. EBITDA fell 4% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹392.59 Cr | ||||
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| Net Profit (PAT) | ₹315.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 76.8% | ||||
| Net Profit Margin | 61.7% | ||||
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To see the full financial statements and ratios of Indusind General Insurance Company Limited, buy the company report.
Board of directors and KMP of Indusind General Insurance Company Limited
Indusind General Insurance Company Limited currently reports 4 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Jain | Ceo | 20 Oct 2020 | 6 Years 0 Months | Current |
| Sharadchandra Zaregaonkar Also directs: Reliance Capital Ltd, Reliance Health Insurance Limited, Hinduja National Power Corporation Ltd and 1 more | Additional Director | 08 Nov 2024 | 1 Years 11 Months | Current |
| Aman Gudral | Nominee Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Arun Tiwari | Additional Director | 16 Oct 2024 | 2 Years 0 Months | Current |
| Thomas Mathew Also directs: Ebix Limited, Reliance Infrastructure Limited | Director | 06 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Indusind General Insurance Company Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (General Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bajaj General Insurance Limited | ₹1,908.31 Cr (FY 2023) | 5.0% | Pune, Maharashtra, India | |||
| Acko General Insurance Limited | ₹1,796.81 Cr (FY 2023) | 65.0% | Bengaluru, Karnataka, India | |||
| HDFC Ergo General Insurance Company Limited | ₹916.89 Cr (FY 2021) | 69.0% | Mumbai, Maharashtra, India | |||
| Shriram General Insurance Company Limited | ₹750.39 Cr (FY 2024) | 33.0% | Jaipur, Rajasthan, India | |||
| Indusind General Insurance Company Limitedthis company | ₹510.95 Cr (FY 2025) | ₹315.44 Cr | 61.7% | -4.0% | 6,071 | Mumbai, Maharashtra, India |
| Sbi General Insurance Company Limited | ₹333.51 Cr (FY 2024) | -6.0% | Mumbai, Maharashtra, India | |||
| Universal Sompo General Insurance Company Limited | ₹316.7 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Generali Central Insurance Company Limited | ₹242.49 Cr (FY 2024) | -28.0% | Mumbai, Maharashtra, India | |||
| Generali Central Life Insurance Company Limited | ₹242.49 Cr (FY 2024) | -28.0% | Mumbai, Maharashtra, India | |||
| Nevansh Business Support Services Private Limited | ₹168.94 Cr (FY 2023) | 3637.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indusind General Insurance Company Limited, buy the company report.
Auditor
Indusind General Insurance Company Limited is audited by Uttam Abuwala Ghosh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Uttam Abuwala Ghosh & Associates | FY 2023 | 111184W |
Shareholding
The shareholding of Indusind General Insurance Company Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indusind General Insurance Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2019 | 100235119 | Others | ₹92.39 Cr | Open | |
| 07 Mar 2018 | 100175685 | The Royal Bank of Scotland N. V. | ₹146.92 Cr | Open | |
| 14 Feb 2018 | 100175686 | The Royal Bank of Scotland N. V. | ₹155.95 Cr | Open | |
| 22 Apr 2015 | 10609832 | Aircraft Msn 4070 Llc | ₹187.88 Cr | Open | |
| 25 Nov 2019 | 100303148 | Others | ₹248.29 Cr | Satisfied |
To see the full charge records of Indusind General Insurance Company Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Indusind General Insurance Company Limited has 15 deals on record (7 funding rounds, 5 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,815 Cr; the latest was in March 2026.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Debt financing | ₹200 Cr | Investors: Idfc First Bank Limited , Motilal Oswal Finvest Limited |
| Mar 2026 | Funding round | ₹300 Cr | Investors: Reliance Capital Ltd , Aasia Enterprises LLP |
| Sep 2025 | Debt financing | ₹400 Cr | Investors: Idfc First Bank Limited , Unity Small Finance Bank Limited , Au Small Finance Bank Limited |
| May 2025 | Funding round | ₹100 Cr | Investors: Reliance Capital Ltd |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Aasia Enterprises LLP Seller: Reliance Capital Ltd |
To see the full deal history of Indusind General Insurance Company Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indusind General Insurance Company Limited has 1,39,140 court cases on record: 16,951 filed by Indusind General Insurance Company, 1,22,231 filed against it. 22,108 cases are pending and 1,17,032 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,14,149 | 1,11,741 | 13,452 |
| High courts | 24,538 | 10,233 | 8,577 |
| Supreme Court | 453 | 257 | 79 |
Cases on record (5 of 1,39,140)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Surat Goods Transport Pvt Ltd. | Pending |
| Calcutta High Court | Court case (FMAT (MV)) | Filed against the company by an individual | Pending |
| Calcutta High Court | Court case (FMAT (MV)) | Filed against the company by an individual | Pending |
| Allahabad High Court | Court case (FAFOD) | Filed against the company | Pending |
| Allahabad High Court | Court case (FAFO) | Filed against the company | Pending |
To see the full case history of Indusind General Insurance Company Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indusind General Insurance Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indusind General Insurance Company Limited has a workforce of 6,071 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Indusind General Insurance Company has 28 GST registrations: 27 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR6747B1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AABCR6747B2ZF | Maharashtra | Active | 17 Jul 2017 |
| 02AABCR6747B1ZS | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCR6747B1ZQ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indusind General Insurance Company Limited, buy the company report.
Recent activity
Indusind General Insurance Company Limited has 22 board changes on record since 2007: 6 appointments and 16 cessations. The latest: Arun Tiwari ceased to be Additional Director on 08 Nov 2024.
31 earlier events are in the company report.
News
Frequently asked questions
Indusind General Insurance Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in general insurance providers, within the financial services industry. It was incorporated on 17 August 2000 (26+ years old) and is registered under CIN U66603MH2000PLC128300.
Indusind General Insurance Company has 5 current directors and KMP:
- Sharadchandra Zaregaonkar - Additional Director
- Aman Gudral - Nominee Director
- Arun Tiwari - Additional Director
- Thomas Mathew - Director
- Rakesh Jain - Ceo
The latest financial statements of Indusind General Insurance Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indusind General Insurance Company is 27AABCR6747B1ZG, registered in Maharashtra. The company has 28 GST registrations in all, of which 27 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCR6747B2ZF (Maharashtra), 02AABCR6747B1ZS (Himachal Pradesh), 03AABCR6747B1ZQ (Punjab).
The CIN (Corporate Identification Number) of Indusind General Insurance Company is U66603MH2000PLC128300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indusind General Insurance Company has 1,39,140 court cases on record: 16,951 filed by the company and 1,22,231 filed against it. 22,108 are pending. Most are in the district courts.
Indusind General Insurance Company was incorporated on 17 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Indusind General Insurance Company has 15 deals on record (7 funding rounds, 5 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,815 Cr; the latest was in March 2026.
The peers of Indusind General Insurance Company by revenue are Bajaj General Insurance Limited, Acko General Insurance Limited, HDFC Ergo General Insurance Company Limited, Shriram General Insurance Company Limited, Sbi General Insurance Company Limited and 4 more, all in the BFSI industry (General Insurance), with the same principal business activity (life/non-life insurance and reinsurance activities).
Arun Tiwari ceased to be Additional Director on 08 Nov 2024. Sharadchandra Zaregaonkar was appointed as Additional Director on 08 Nov 2024. Arun Tiwari was appointed as Additional Director on 16 Oct 2024. Indusind General Insurance Company has 22 board changes on record in total.
Indusind General Insurance Company can be reached through the website reliancegeneral.co.in. Its registered office is in Mumbai, Maharashtra, India.