The New India Assurance Company Profile
Key Indicators
- Authorised Capital ₹ 1,000.00 Cr
- Paid Up Capital ₹ 824.00 Cr
- Company Age 105 Year, 6 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 six 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
- Social Media
Corporate Identity Details
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jyoti Bist | Company Secretary | Current | |
Girija Subramanian  | Managing Director | 19-Jun-2024 | Current |
| Vimal Jain | CFO | 18-Jun-2024 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ratan Das | Director | 21-Dec-2021 | Current |
| Parshant Goyal | Nominee Director | 16-Aug-2024 | Current |
| Smita Srivastava | Director | 24-Apr-2023 | Current |
| Surender Agarwal | Director | 21-Dec-2021 | Current |
| Nidhu Saxena | Director | 19-Sep-2024 | Current |
| Akani Devi | Director | 20-Apr-2023 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Agriculture Insurance Company Of India LimitedGirija Subramanian is a mutual person
Gic Housing Finance LimitedGirija Subramanian is a mutual person
Stock Holding Corporation Of India LimitedSmita Srivastava is a mutual person
R & K Corporate Consultancy LlpRatan Das is a mutual person
Charges (Loans)
₹25,878.08 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Oct 2018 | Others | ₹410.87 Cr | Open |
| 09 Oct 2018 | Others | ₹404.24 Cr | Open |
| 08 Oct 2018 | Others | ₹413.56 Cr | Open |
| 03 Oct 2018 | Others | ₹408.42 Cr | Open |
| 24 Sep 2018 | Others | ₹406.15 Cr | Open |
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.
Deals i
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
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
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.
