Insurance
Company Overview of Reliance General Insurance Company Limited
Company Overview
570 Rectifier House
1st Floor
Naigaum Cross Road
Next to Royal Industrial Estate Wadala
Mumbai, 400031
India
Founded in 2000
3,000 Employees
Key Executives for Reliance General Insurance Company Limited
Reliance General Insurance Company Limited Key Developments
Reliance Capital Limited (BSE:500111) is seeking for an insurance and banking partner for Reliance General Insurance Co. Ltd. and Reliance Life Insurance Company Limited. Reliance Capital is looking for a strategic partner for a possible sale of a 26% stake in its general insurance business by end of year 2013. Sam Ghosh, Chief Executive Officer of Reliance Capital, told Hindustan Times, "We are looking for either a foreign insurance major or a private equity major which can bring in expertise and collaboration. We want to complete the process of bringing a partner into our general insurance outfit in the next two quarters or by the year-end." Reliance Capital is looking for a bank for its life insurance business.
Reliance General Insurance reported earnings results for the fourth quarter ended March 31, 2013. The company reported a profit of INR 170 million in the fourth quarter ended March 31, 2013 against a loss of INR 2.48 billion in fourth quarters of fiscal 2012.
Reliance Capital Limited (BSE:500111) is looking to bring in a partner in Reliance General Insurance Co. Ltd. "On the general insurance side, we are still looking for bringing in a partner. We want to complete the process over the next two quarters, that is, by December" Sam Ghosh, Chief Executive Officer of Reliance Capital said.
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To contact Reliance General Insurance Company Limited, please visit www.reliancegeneral.co.in. Company data is provided by Capital IQ. Please use this form to report any data issues.
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