The New India Assurance Company Limited

Leading Indian general insurance company offering various schemes and services through a widespread network.

1919 | Mumbai, Maharashtra (India) | Active
Last Updated:

The New India Assurance Company Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 824.00 Cr
  • Company Age 105 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 25,878.08 Cr
  • Satisfied Charges ₹ 5,888.31 Cr
  • Revenue Growth %
  • Ebitda
  • Net Worth
  • Total Assets %

About The New India Assurance Company

The New India Assurance Company Limited (TNIACL) was founded in India on 23 July 1919 and has a glorious history of 105 years and seven months.Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 540769 and on the National Stock Exchange(NSE) under NIACL.

The Corporate was formerly known as The Bhabha Marine Insurance Company Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1,000.00 Cr and a paid-up capital of Rs 824.00 Cr.

The company currently has active open charges totaling ₹25,878.08 Cr. The company has closed loans amounting to ₹5,888.31 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at The New India Assurance Company Limited India are Jyoti Bist as COMPANY SECRETARY and Vimal Jain as Cfo. Ratan Das, Parshant Goyal, Girija Subramanian, and Four other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    newindia.co.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L66000MH1919GOI000526

  • Company No.

    000526

  • Stock Symbol

    BSE : 540769 NSE : NIACL

  • Company Classification

    Public Limited Union Government Company

  • Incorporation Date

    23 Jul 1919

  • Date of AGM

    24 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Financial Services

What products or services does The New India Assurance Company Limited offer?

The New India Assurance Company Limited offers a wide range of products and services, including Insurance Agents and Services, Business Insurances, Automotive Insurance, Motor Insurance, Insurance Service, Health Insurance, Industrial Insurance Services, Burglary Insurance Policy, Marine Insurance.

Who are the key members and board of directors at The New India Assurance Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Jyoti Bist Company SecretaryCurrent
Girija Subramanian Country flag representing In Managing Director19-Jun-2024Current
Vimal Jain CFO18-Jun-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Ratan Das Country flag representing In Director 21-Dec-2021Current
Parshant Goyal Country flag representing In Nominee Director 16-Aug-2024Current
Smita Srivastava Country flag representing In Director 24-Apr-2023Current
Surender Agarwal Country flag representing In Director 21-Dec-2021Current
Nidhu Saxena Country flag representing In Director 19-Sep-2024Current
Akani Devi Country flag representing In Director 20-Apr-2023Current

Financial Performance of The New India Assurance Company.

The New India Assurance Company Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

The New India Assurance Company revenue growth over time
The New India Assurance Company profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of The New India Assurance Company?

In 2023, The New India Assurance Company had a promoter holding of 85.44% and a public holding of 14.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹25,878.08 Cr

Satisfied Charges

₹5,888.31 Cr

Charges Breakdown by Lending Institutions

  • Others : 13903.33 Cr
  • J.P. Morgan Europe Limited : 3034.55 Cr
  • Bnp Paribas Singapore Branch : 1778.64 Cr
  • Sky High Xliii Leasing Company Limited : 573.88 Cr
  • Pembroke Aircraft Leasing 4 Limited : 558.37 Cr
  • Others : 6029.31 Cr

Latest Charge Details

DateLenderAmountStatus
23 Oct 2018Others₹410.87 CrOpen
09 Oct 2018Others₹404.24 CrOpen
08 Oct 2018Others₹413.56 CrOpen
03 Oct 2018Others₹408.42 CrOpen
24 Sep 2018Others₹406.15 CrOpen

How Many Employees Work at The New India Assurance Company?

Unlock and access historical data on people associated with The New India Assurance Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for The New India Assurance Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of The New India Assurance Company, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped The New India Assurance Company's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on The New India Assurance Company

Recent activity within the organization

  • Annual General Meeting

    The New India Assurance Company Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records.

  • Director Appointment

    Nidhu Saxena was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 5 months 12 days .

  • Director Appointment

    Parshant Kumar Goyal was appointed as a Nominee Director was appointed as a Nominee Director on 16 Aug 2024 & has been associated with this company since 6 months 16 days .

  • Charges

    A charge registered on 09 Jul 2015 via Charge ID 10582720 with Calc 11 - Aircraft Limited was fully satisfied on 22 Jul 2024.

  • Charges

    A charge registered on 23 Mar 2015 via Charge ID 10563017 with Calc 10 - Aircraft Limited was fully satisfied on 18 Jul 2024.

  • Charges

    A charge registered on 03 Aug 2015 via Charge ID 10587534 with Calc 12 - Aircraft Limited was fully satisfied on 17 Jul 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of The New India Assurance Company Limited?

    The New India Assurance Company Limited was incorporated on 23 Jul 1919.

  • What is authorized share capital and paid-up capital of The New India Assurance Company Limited?

    The authorized share capital of The New India Assurance Company Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 824.00 Cr.

  • Who are the current board members & directors of The New India Assurance Company Limited?

    Currently 9 directors are associated with The New India Assurance Company Limited.

    • Jyoti Bist
    • Ratan Kumar Das
    • Parshant Kumar Goyal
    • Girija Subramanian
    • Smita Srivastava
    • Surender Kumar Agarwal
    • Nidhu Saxena
    • Akani Devi
    • Vimal Kumar Jain

  • What is the registered address of The New India Assurance Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of The New India Assurance Company Limited is New India Assurance Bldg87 M G Road Fort, Mumbai, Maharashtra, 400001.

  • What is the corporate identification number (CIN) and company number of The New India Assurance Company Limited?

    The corporate identification number (CIN) of The New India Assurance Company Limited is L66000MH1919GOI000526 and the company number is 000526 as per Ministry of Corporate Affairs (MCA).

  • Is The New India Assurance Company Limited registered with any stock exchange in India?

    Yes, The New India Assurance Company Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): NIACL.

  • What is the official website of The New India Assurance Company Limited?

    The Official website of The New India Assurance Company Limited is https://www.newindia.co.in

  • What are the total open charges for The New India Assurance Company Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for The New India Assurance Company Limited amount to ₹ 25,878.08 Cr.

  • When was the last Balance Sheet of The New India Assurance Company Limited filed with the ROC?

    The most recent Balance Sheet for The New India Assurance Company Limited was filed with the ROC on 31 Mar 2024.

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