The New India Assurance Company Limited - Company Profile

It is a financial services public limited union government company based in Mumbai, Maharashtra, India, established in 1919.

1919 Mumbai, Maharashtra, India Active

Last Updated: January 05, 2026

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About The New India Assurance Company Limited

The New India Assurance Company Limited, a active public limited union government company, was established on 23 July 1919 in Mumbai, Maharashtra, India. Engaging in general insurance providers within the financial and insurance service sector, it holds CIN: L66000MH1919GOI000526. Registered under ROC Roc Mumbai. it is listed on BSE: 540769 and NSE: NIACL. It has an authorized capital of ₹1,000.00 Cr and a paid-up capital of ₹824.00 Cr.

Formerly known as The Kalyan Marine Insurance Company Limited, The Bhabha Marine Insurance Company Limited. It upholds a compliant status. Its leadership includes Akani Devi (Director), Nidhu Saxena (Director), Girija Subramanian (Managing Director). Past directors included Susmita Mukherjee, Bimalendu Chakrabarti, Anil Kumar Khandelwal. It holds ₹23,140.73 Cr open charges and ₹8,864.22 Cr settled loans. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. It is based at New India Assurance Bldg87 M G Road Fort, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
L66000MH1919GOI000526
Registration Number
000526
Incorporation Date
23 July 1919
Authorized Capital
₹1,000.00 Cr
Paid-Up Capital
₹824.00 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 540769, NSE: NIACL)
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,000.00 Cr as on 05-01-2026
Paid Up Capital ₹ 824.00 Cr as on 05-01-2026
Company Age 106 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 23,140.73 Cr as on 05-01-2026
Satisfied Charges ₹ 8,864.22 Cr as on 05-01-2026
Revenue Growth **** % (FY 2022)
Ebitda ****
Net Worth ****
Total Assets **** % (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into The New India Assurance 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 The New India Assurance Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Akani Devi	Director	20 Apr 2023	Current
Nidhu Saxena	Director	19 Sep 2024	Current
Girija Subramanian	Managing Director	19 Jun 2024	Current
Parshant Kumar Goyal	Nominee Director	16 Aug 2024	Current
Smita Srivastava	Director	24 Apr 2023	Current
Kasturi Sengupta	Director	24 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	31 Dec 2020	Past
Pramod Abcsdd	Managing Director	01 Oct 2009	Past
Pramod Abcsdd	Director	12 Jun 2007	Past
Pramod Abcsdd	Director	18 Dec 2015	Past
Pramod Abcsdd	Director	30 Apr 2007	Past
Pramod Abcsdd	Director	20 Dec 2024	Past

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Financial Performance of The New India Assurance Company.

The New India Assurance Company Limited, for the financial year ended 2022, 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 The New India Assurance Company?

In 2023, The New India Assurance Company had a promoter holding of 85.44% and a public holding of 14.56%. 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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Charges (Loans)

Open Charges

₹231,407,266,261.18

Satisfied Charges

₹88,642,202,020.22

Charges Breakdown by Lending Institutions

Others : 13432.53 Cr
Bnp Paribas Singapore Branch : 1778.64 Cr
J.P. Morgan Europe Limited : 768.00 Cr
Sky High Xliii Leasing Company Limited : 573.88 Cr
Pembroke Aircraft Leasing 4 Limited : 558.37 Cr
Others : 6029.31 Cr

Latest Charge Details

Date	Lender	Amount	Status
19 Nov 2025	Others	₹238.55 Cr	Open
23 Oct 2018	Others	₹410.87 Cr	Open
09 Oct 2018	Others	₹404.24 Cr	Open
08 Oct 2018	Others	₹413.56 Cr	Open
03 Oct 2018	Others	₹408.42 Cr	Open

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How Many Employees Work at The New India Assurance Company?

Unlock and access historical data on people associated with The New India Assurance Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 The New India Assurance 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 The New India Assurance Company's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

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 The New India Assurance Company

Recent Activity within the Organization

Charges

The activity A charge registered on 24 Oct 2013 via Charge ID 10459244 with J.P. Morgan Europe Limited was fully satisfied on 11 Dec 2025. was completed.
11 Dec 2025
Charges

A charge with Others amounted to Rs. 238.55 Cr with Charge ID 101198539 was registered on 19 Nov 2025. was recorded as a recent event.
19 Nov 2025
Charges

The activity A charge registered on 29 Aug 2013 via Charge ID 10447697 with J.P. Morgan Europe Limited was fully satisfied on 06 Oct 2025. was completed.
06 Oct 2025
Charges

Progress on A charge registered on 06 Aug 2013 via Charge ID 10443496 with J.P. Morgan Europe Limited was fully satisfied on 26 Sep 2025. was documented.
26 Sep 2025
Annual General Meeting

The activity The New India Assurance Company Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was completed.
24 Sep 2025
Director Appointment

Progress on Shwetha Rao Buntwal was appointed as a Nominee Director was appointed as a Nominee Director on 19 Aug 2025 & has been associated with this company since 6 months 13 days . was documented.
19 Aug 2025

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