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New India Assurance Company NIACL.NS · INR

Financials · NSE · 🇮🇳 India

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158.57

+0.79%

Close of 9 Nov 2026, in INR

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About New India Assurance Company

Its shares trade on NSE under the ticker NIACL.NS. It has been listed since 13 November 2017. In the fiscal year to 31 March 2026, it reported revenue before interest expense of ₹507.40bn and net income of ₹14.14bn. At that date it held total assets of ₹1.10trn and shareholders' equity of ₹385.41bn.

The New India Assurance Co. Ltd. is a government owned general insurance company, which engages in the provision of insurance services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-11-13. Its insurance products include Fire, Marine, Motor, Health, Liability, Aviation, Engineering, Crop, Other Miscellaneous, and others. Its Fire insurance products include Bharat Sookshma Udyam Suraksha, Business Interruption, Fire Floater, Fire Floater Declaration, Fire Large Risk, Industrial All Risk, New India Bharat Griha Raksha, New India Bharat Laghu Udyam Suraksha, and Petrochemical. Its Marine insurance products include Port Package Policy, Sellers Interest Insurance, Ship Breaking Insurance, Specific Voyage, Tea Crop Insurance, Voyage Insurance, and others. Its Indian operations span across all territories through about 2214 offices. The company operates in about 26 countries through direct branches, agency operations, subsidiary companies and associates. Its subsidiaries include The New India Assurance Co. (T & T) Ltd., The New India Assurance Co. (S.L.) Ltd., and Prestige Assurance Plc.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Financials
Industry
Insurance
Listed since
13 Nov 2017
Employees
12,813

Leadership

Pay as last reported

  • Ms. Girija SubramanianChairman of the Board, Managing Director, since 2024₹3.6m
  • Mr. Vimal JainChief Financial Officer
  • Mr. Pooran TulsianChief Investment Officer
  • Mr. Prashant BiswasChief Marketing Officer
  • Ms. Jayashree NairChief Compliance Officer₹4.5m
  • Mr. K. V. Raman ..Chief Risk Officer, since 2025
  • Ms. Kasturi SenguptaExecutive Director, since 2025₹133,682
  • Mr. S. SivasankarExecutive Director, since 2026
  • Mr. Santosh ChavanChief of Internal Audit
  • Ms. Rema Devi VChief Underwriting Officer
  • Ms. Anitha KolapuramChief Vigilance Officer
  • Mr. Sharad RamnarayananAppointed Actuary

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
41
Environment
16
Social
63
Governance
44
Women in the workforce
30.47%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • New India Assurance employs 12,813 full-time employees across 2214 offices in India.
  • The company offers diverse insurance products including Fire, Marine, and Health services.
  • New India Assurance operates in 26 countries through subsidiaries and direct branches.

Weaknesses

  • The company's IPO listing date is 13 November 2017, which may affect market perception.
  • New India Assurance's headquarters in Mumbai limits its global operational reach.
  • The company's reliance on government ownership may hinder strategic flexibility.

Opportunities

  • Expanding Fire insurance products like Bharat Sookshma Udyam Suraksha in emerging markets.
  • Growing demand for Marine insurance products such as Voyage Insurance globally.
  • Increasing Health insurance coverage in Indian territories through 2214 offices.

Threats

  • Competition from other insurance providers in the Financials sector.
  • Regulatory changes affecting the Insurance industry in India.
  • Economic downturns impacting the demand for Motor insurance services.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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