IDBI Federal Life Insurance Co Ltd.
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IDBI Federal Life Insurance Co Ltd. - overview
Established
2008
Location
Mumbai, -, India
Primary Industry
Insurance
About
IDBI Federal Life Insurance Co Ltd. is a prominent Indian insurance provider offering a variety of financial solutions, including insurance, investment options, and savings plans, designed for individuals and businesses seeking financial security. Founded in 2008 and headquartered in Mumbai, India, IDBI Federal Life Insurance Co Ltd. specializes in life insurance and various financial products.
The company has not undergone significant pivots in its business strategy since its inception and does not operate as a subsidiary or have known parent companies. CEO Vighnesh Shahane leads the organization, which serves clients across urban areas in India. The company provides a diverse array of financial products and services aimed at both individual and corporate clients. Their offerings include life insurance solutions, investment products, and savings plans tailored to meet various needs, focusing on risk management and long-term financial growth.
IDBI Federal primarily targets urban markets across India to enhance financial inclusion and offer customized solutions to its clientele. In the fiscal year 2022, IDBI Federal reported a revenue of USD 296. 32 mn, alongside an EBITDA of USD 19. 74 mn for the year 2021.
The revenue streams are cultivated through subscriptions, direct consumer sales, and partnerships, enabling recurring income from policy renewals and investment management fees. IDBI Federal Life Insurance Co Ltd. is actively working on launching new insurance products tailored to evolving market demands, with plans to introduce these offerings in the coming fiscal year. The company aims to expand its footprint into new geographic regions across India, targeting rural markets by the end of 2024.
Recent funding will be strategically deployed to support product development and market penetration initiatives, enhancing the company's ability to meet customer needs effectively.
Primary Industry
Insurance
Sub Industries
Life Insurance
Website
www.idbifederal.com
Verticals
FinTech, InsureTech
Total Amount Raised
Subscriber access only
IDBI Federal Life Insurance Co Ltd. - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 147,019,000 | 540,992,000 | 1,076,610,000 | 1,243,078,000 | 1,917,848,000 | 427,821,000 | 605,386,000 | 1,084,125,000 | 1,510,038,000 | - | - | - |
| % Revenue Growth (YoY) | - | 268.0% | 99.0% | 15.5% | 54.3% | (77.7%) | 41.5% | 79.1% | 39.3% | - | - | - |
| EBITDA (USD) | (1,103,962,000) | (595,342,000) | 183,666,000 | 870,289,000 | 1,611,909,000 | 204,377,000 | 604,556,000 | 1,126,477,000 | 1,452,559,000 | - | - | - |
| Operating Income (USD) | (1,213,672,000) | (693,123,000) | 98,836,000 | 807,997,000 | 1,553,670,000 | 161,025,000 | 529,607,000 | 1,020,521,000 | 1,343,682,000 | - | - | - |
| Operating Margin | (825.5%) | (128.1%) | 9.2% | 65.0% | 81.0% | 37.6% | 87.5% | 94.1% | 89.0% | - | - | - |
| % EBITDA Margin | (750.9%) | (110.0%) | 17.1% | 70.0% | 84.0% | 47.8% | 99.9% | 103.9% | 96.2% | - | - | - |
| NET Income (USD) | (1,217,836,000) | (698,616,000) | 92,432,000 | 801,178,000 | 1,545,563,000 | 152,819,000 | 520,624,000 | 1,009,425,000 | 1,327,724,000 | - | - | - |
| % Net Margin | (828.4%) | (129.1%) | 8.6% | 64.5% | 80.6% | 35.7% | 86.0% | 93.1% | 87.9% | - | - | - |
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