Kotak Mahindra General Insurance Company Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Kotak Mahindra General Insurance Company Limited - overview
Established
2015
Location
Mumbai, Maharashtra, India
Primary Industry
Insurance
About
Established in 2015 and based in Maharashtra, India, Kotak Mahindra General Insurance Company Limited operates as a provider of life and non-life insurance services. In June 2024, Zurich Insurance Group acquired a 70% majority stake in Kotak Mahindra General Insurance Company Limited for approximately INR 40. 51 billion. As of 2024, the company is led by its CEO, Suresh Agarwal.
The company offers a wide array of insurance products tailored to meet the varied needs of its clientele, including car insurance, bike insurance, health insurance, and policy renewal. The firm also focuses on the claims process, which boasts a network of over 4200 garages for cashless claims on car repairs and over 9450 healthcare providers for health insurance claims. Kotak Mahindra General Insurance provides benefits such as financial protection, risk management, business continuity, legal compliance, customized coverage, and additional benefits in exchange for regular premium payments. The June 2024 acquisition supports the organization in penetrating the Indian market.
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Commercial Insurance, Health Insurance, Life Insurance, Personal Insurance
Website
www.kotakgeneral.com/
Verticals
InsureTech
Total Amount Raised
Subscriber access only
Kotak Mahindra General Insurance Company Limited - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 |
|---|---|---|---|---|---|---|
| Revenue (USD) | (160,545,000) | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - |
| EBITDA (USD) | (97,291,000) | (347,235,000) | - | - | - | - |
| Operating Income (USD) | (97,291,000) | (347,235,000) | - | - | - | - |
| Operating Margin | 60.6% | - | - | - | - | - |
| % EBITDA Margin | 60.6% | - | - | - | - | - |
| NET Income (USD) | (97,291,000) | (347,235,000) | - | - | - | - |
| % Net Margin | 60.6% | - | - | - | - | - |
Kotak Mahindra General Insurance Company Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, LP Direct, Trade Sale | Completed | Kotak Mahindra General Insurance Company Limited | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.