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IndusInd General Insurance ( Formerly Reliance General Insurance ) Unlisted Shares
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Fundamentals About IndusInd General Insurance ( Formerly Reliance General Insurance )
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Key Financials of IndusInd General Insurance ( Formerly Reliance General Insurance )
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Gross written premium | 10,489 | 11,689 | 12,548 | — |
| Net earned premium | 6,278 | 6,771 | 7,249 | — |
| Premium earned | 6,022 | 6,687 | 7,125 | — |
| Total revenue | 7,456 | 7,880 | 8,589 | 0▼100% |
| Claims incurred | 4,649 | 5,421 | 5,887 | — |
| Commission | -192 | 864 | 1,064 | — |
| Operating expenses | 2,273 | 1,425 | 1,401 | — |
| Operating profit | 726 | 170 | 237 | 0▼100% |
| PBT | 415 | 401 | 378 | — |
| PAT | 271 | 280 | 315 | 0▼100% |
| EPS (₹) | 10.75 | 10.57 | 11.89 | — |
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Share capital | 252.06 | 264.83 | 264.91 | — |
| Reserves & surplus | 2,323 | 2,847 | 3,164 | — |
| Current liabilities | 15,027 | 16,776 | 18,219 | — |
| Provisions | 2,578 | 2,640 | 2,759 | — |
| Investments — shareholder | 3,016 | 3,527 | 3,422 | — |
| Investments — policyholder | 13,919 | 16,987 | 17,936 | — |
| Fixed assets | 101 | 121 | 130 | — |
| Cash & balance | 238 | 175 | 176 | — |
| Total assets | 20,334 | 22,797 | 24,491 | 0▼100% |
| Total liabilities | 20,334 | 22,797 | 24,491 | 0▼100% |
About Company
IndusInd General Insurance Company Limited is a general insurance company based in Mumbai, India — formerly known as Reliance General Insurance Company Limited. Here's a quick overview:
Background
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Founded on 17 August 2000, originally as part of the Anil Ambani-led Reliance Group.
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It changed its name from Reliance General Insurance Company to IndusInd General Insurance in late October 2025, following its acquisition/rebrand under the Hinduja Group, which also owns IndusInd Bank.
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The company obtained its license to operate in general insurance from the Insurance Regulatory and Development Authority of India (IRDAI) in October 2000.
Business
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It offers insurance products for cars, two-wheelers, commercial vehicles, travel, home, office, personal accident, property, fire, engineering, and marine.
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It has also participated in government crop insurance schemes like the Pradhan Mantri Fasal Bima Yojana, covering over 3 million farmers in FY 2016-17
Promoters of IndusInd General Insurance
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Originally promoted by Reliance Capital (Anil Ambani's Reliance Group), founded in 2000 as Reliance General Insurance.
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After RBI superseded Reliance Capital's board in November 2021 over governance and default issues, the Hinduja Group's IndusInd International Holdings Ltd (IIHL) won the bid for Reliance Capital at ₹9,650 crore, approved by the NCLT.
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Post-acquisition, Ashok Hinduja and his family became the new promoters, holding the majority stake (remaining ~1.36% via ESOPs).
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The Hindujas have since infused fresh capital (~₹300 crore total, latest ₹100 crore in May 2025) to support the company's solvency.
In short: promotership shifted from the Ambani-led Reliance Group to the Hinduja family (via IIHL).
Shareholding Pattern of IndusInd General Insurance ( Formerly Reliance General Insurance )
| Name | Holding |
|---|---|
| Promoters | 98.70% |
| Others | 1.30% |
Promoters of IndusInd General Insurance ( Formerly Reliance General Insurance )
| Name | Designation | Linkedin Profile |
|---|---|---|
| Rajendra Chitale | Chairman & Director | |
| Rakesh Jain | CEO |  |
| Hemant K Jain | CFO | |
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