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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 Annual Report 2020

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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