334.65
-2.23%
Close of 9 Nov 2026, in INR
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About General Insurance Corporation of India
Its shares trade on NSE under the ticker GICRE.NS. It has been listed since 25 October 2017. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹534.70bn and net income of ₹96.62bn. At that date it held total assets of ₹2.06trn and shareholders' equity of ₹592.96bn.
General Insurance Corporation of India engages in the provision of reinsurance services to the direct general insurance companies. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-10-25. The firm is engaged in the activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers. The firm is engaged in domestic and international business. In the domestic business, the Company provides reinsurance to the direct general insurance companies in the Indian market. The company provides various class of business, such as fire, motor, aviation, engineering, health, agriculture, marine hull, marine cargo and life, among others. The firm's health portfolio comprises mostly of obligatory cessions and domestic proportional business, some selective COVID-19 treaties and government mass schemes, besides business written by the foreign branches. The firm provides support to Indian life insurance companies through both treaty and facultative reinsurance.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 25 Oct 2017
- Employees
- 443
- Website
- gicre.in ↗
Leadership
Pay as last reported
- Shri. V. BalkrishnaChief Financial Officer, General Manager₹4.6m
- Smt. Radhika RavishekarChief Investment Officer, Deputy General Manager₹4.0m
- Shri. Rajesh KhadatareChief Marketing Officer, Deputy General Manager₹4.9m
- Shri. Satheesh KumarCompliance Officer, Company Secretary₹3.8m
- Smt. Jayashri BalkrishnaChief Risk Officer, General Manager, Executive Director, since 2021₹4.5m
- Shri. Sateesh BhatGeneral Manager, Actuary - Non-Life Insurance₹9.2m
- Mr. Suresh SindhiGeneral Manager, Actuary - Life Insurance₹7.0m
- Mr. Sanjay MokashiChief Underwriting Officer, Deputy General Manager₹4.3m
- Shri. Hitesh JoshiExecutive Director, since 2021₹5.5m
- Shri. S. AlagarsamyChief Vigilance Officer
- Shri. Tapan Kumar MondalGovernment Nominee Director
- Shri. Manoj AyyappanGovernment Nominee Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 13
- Social
- 51
- Governance
- 14
- Women in the workforce
- 35%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- General Insurance Corporation of India provides reinsurance services to direct general insurance companies in the Indian market.
- The firm supports Indian life insurance companies through both treaty and facultative reinsurance.
- The company's health portfolio includes government mass schemes and business written by foreign branches.
Weaknesses
- The company currently employs only 443 full-time employees.
- General Insurance Corporation of India is headquartered in a single city, Mumbai, Maharashtra.
- The firm operates with a limited workforce relative to the scale of the Indian insurance market.
Opportunities
- The company engages in international business through its foreign branches.
- General Insurance Corporation of India offers various classes of business such as aviation and engineering.
- The firm can expand its selective COVID-19 treaties and domestic proportional business.
Threats
- General Insurance Corporation of India assumes risk associated with policies originally underwritten by other carriers.
- The health portfolio comprises mostly of obligatory cessions which may limit strategic flexibility.
- The company faces competition from direct general insurance companies in the Indian market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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