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HDFC Ergo General Insurance Limited Unlisted Shares

HDFC Ergo General Insurance Limited Unlisted Shares Description

HDFC Ergo General Insurance Limited Unlisted Shares

HDFC Ergo is a Joint Venture between HDFC Limited and Ergo International AG. HDFC is an engaged in the business of providing general insurance in retail as well as general space. In the retail space, the company offers a range of products from Motor, Health, Travel, Home and Personal Accident. The general insurance products offered include customized products like Property, Marine, and Liability Insurance.

The company has over 200 branches across the country and is spread across 170 cities with over 7000 employees. ICRA has assigned iAAA rating to the company, being the best. On 9th January 2020, the merger of HDFC Limited and Apollo Munich Health Insurance Company Limited (AMHI) (Transferor Company) was completed. HDFC Limited paid the amount upfront by its Indian Promoters Apollo Hospital Group and few other shareholders. The company holds a 51.16% stake. The name was later changed to HDFC Ergo General Insurance Limited.

HDFC Ergo General Insurance Limited Unlisted Shares Details

Face Value: ₹ 10 Per Equity Share
Lot Size: NA Shares
Current Unlisted Share Price: See Deals Below

Board of Directors

Mr. Deepak S. Parekh- ) is the Chairman of the Company and its holding company – Housing Development Finance Corporation Limited (HDFC). He is the first international recipient of the Outstanding Achievement Award by the Institute of Chartered Accountants in England and Wales, 2010

Mr. Keki M. Mistry is a Non-Executive Director of the Company

Ms. Renu Sud Karnad- is a Non- Executive Director of the Company. She holds a Master’s degree in Economics from the University of Delhi

Dr. Oliver Martin Willmes, Non-Executive Director of the Company. MBA from Eastern Illinois University, USA. He is also the  Chief Operating Officer at ERGO International AG

Dr. Clemens Matthias Muth, is a Non-Executive Director of the Company. He has studied Economics at the Universities of Mainz and Munich, he is also the Member of the Board of Management of ERGO Group AG

Mr. Bernhard Steinruecke, is the Director General of Indo-German Chamber of Commerce

Mr. Mehernosh B. Kapadia, he is the Non-Executive Director. He retired as the Senior Executive Director and Chief Financial Officer of GSK in 2014.

Mr. Arvind Mahajan, is an Independent Director of the Company. He was a member of KPMG’s Global Business Consulting and Global Infrastructure Sector Leadership teams.

Mr. Ameet P. Hariani , is an Independent Director. He has over 32 years of experience advising clients on corporate and commercial law, mergers and acquisitions, real estate and real estate finance transactions.

Mr. Samir H. Shah, is currently responsible for Finance, Accounts, Tax, Legal & Compliance, Risk Management, Internal Audit, Administration and CSR functions of the Company.

Mr. Anuj Tyagi, Mr. Tyagi has been appointed as Executive Director & CBO of the Company

Mr. Ritesh Kumar, is the Managing Director and CEO of the Company since 2008

Products Offered

  • Car Insurance- the company offers single year comprehensive cover, long-term comprehensive cover, third party cover, and standalone Car Insurance
  • Bike Insurance- single year comprehensive cover, long-term comprehensive cover, third party cover, and standalone two-wheeler Insurance
  • Health insurance- A varied set of options are available for Individual, family, parents, Senior Citizens, Corona kavach Policy, etc
  • Travel Insurance- For individual, family, and frequent fliers
  • Home Insurance- for the renter, for owners, for housing society, fire cover
  • Cyber Insurance
  • Commercial Vehicle Insurance- tractor, passenger-carrying vehicle, goods carrying vehicle
  • Corporate Insurance
  • Rural Insurance

Financial Performance

Year 2019 2018 2017 2016
Gross Written Premium 8721 7401 2252 482
PBT 467 513 121 -102
PAT 383 403 124 -102
Equity 605.4221 605.0718 600.4659 705
EPS 6.33 6.66 2.07 -1.45

HDFC Ergo General Insurance Limited Share Price: Attractive

The current HDFC Ergo General Insurance Limited share price is Attractive in the unlisted shares market. HDFC Ergo General Insurance Limited shares were earlier available at a lower price but the price has gone up steadily due to the demand for HDFC Ergo General Insurance Limited Pre IPO shares as the company’s future prospects have improved. HDFC Ergo General Insurance Limited shares are traded in the unlisted shares market by various buyers and sellers. One can also check the current HDFC Ergo General Insurance Limited Share price from the deals listed below. Many people are interested in HDFC Ergo General Insurance Limited unlisted share price but one must first understand the business model of HDFC Ergo General Insurance Limited before buying its unlisted shares.

HDFC Ergo General Insurance Limited IPO

Although the company has not yet announced the dates formally but HDFC Ergo General Insurance Limited IPO may come out soon. Going by the demand for HDFC Ergo General Insurance Limited shares, it is expected that the HDFC Ergo General Insurance Limited IPO shall also get good response in the primary market.

HDFC Ergo General Insurance Limited Share Price FAQs

Can I invest in HDFC Ergo General Insurance Limited?

Yes, you can invest in HDFC Ergo General Insurance Limited shares. Although the company is unlisted right now, but you can buy its shares from existing shareholders who may be investors or employees holding ESOPs. Please check the deals offered by various sellers on Prastaav.

How can I buy unlisted shares of HDFC Ergo General Insurance Limited?

Check out the various deals listed below and contact them. You can also negotiate the price of HDFC Ergo General Insurance Limited shares and close the deal directly, without incurring any cost. You can also contact us for bulk deals.

Can I sell HDFC Ergo General Insurance Limited Pre IPO shares

Yes, you can sell the unlisted shares of HDFC Ergo General Insurance Limited Pre IPO, i.e. you can sell HDFC Ergo General Insurance Limited unlisted shares to any other buyer, before the IPO comes out. Please send us the details and we shall be happy to help you sell unlisted shares

Is HDFC Ergo General Insurance Limited listed on stock market?

No, HDFC Ergo General Insurance Limited shares are not yet listed on the stock markets as it is yet to come out with an IPO. As of now, only HDFC Ergo General Insurance Limited Pre IPO shares are being traded. After IPO, it may get listed on various stock exchanges such as NSE and / or BSE.

Are shares of HDFC Ergo General Insurance Limited Publicly traded?

As mentioned above, HDFC Ergo General Insurance Limited is not listed; therefore its shares are not publicly traded. However, unlisted shares of HDFC Ergo General Insurance Limited can be bought and sold on Prastaav

Will HDFC Ergo General Insurance Limited go public?

HDFC Ergo General Insurance Limited has not yet announced IPO plans but HDFC Ergo General Insurance Limited may want to unlock the value of its businesses by offering its shares to the public through an IPO soon.

What is the current HDFC Ergo General Insurance Limited Share Price?

HDFC Ergo General Insurance Limited Share Price today is Attractive. HDFC Ergo General Insurance Limited share price is decided by the demand and supply of its shares in the unlisted market.

What is HDFC Ergo General Insurance Limited IPO price?

The company has not yet officially declared the IPO price.

What is HDFC Ergo General Insurance Limited IPO date?

HDFC Ergo General Insurance Limited has not yet officially announced the IPO date, but it may come out in near future.

HDFC Ergo General Insurance Limited Latest News

Non-life Insurance Market is Gaining Momentum by key players Bajaj Allianz General Insurance Company, HDFC ERGO General Insurance Company

Non-life insurers witness 5% rise in gross direct premium collection in FY21 of over Rs 1.98 lakh crore

HDFC Ergo General Insurance Limited Annual Report

HDFC Ergo General Insurance Limited Annual Report

HDFC Ergo General Insurance Limited Registered Office Address (HQ)

1st Floor, HDFC House, Backbay Reclamation, H. T. Parekh Marg,
Church gate, Mumbai – 400020

HDFC Ergo General Insurance Limited Customer Care Phone Number

022 6234 6234

HDFC Ergo General Insurance Limited Customer Service Email

[email protected]

 

Disclaimer: The above information is only for educational purposes and should not be taken as a recommendation to buy or sell.
While reasonable endeavors have been made to present reliable data so far as it relates to current and historical information, but we do not guarantee the accuracy or completeness of the said data or information. Please consult your financial advisor before buying or selling any unlisted shares.

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