What we do IIRM Holdings India Ltd is a leading insurance distribution company offering commercial, reinsurance, personal lines, and consultancy services across India and select global markets. |
Founded in 1,992 |
Market share Established over 25 years, with strong leadership and consistent profitability in insurance broking and services sectors. |
Problem solved Bridges insurance distribution gaps, offering tailored risk management solutions and expanding insurance penetration in emerging markets. |
Top clients or who we serve Serving corporate and retail clients across India, Singapore, Sri Lanka, Maldives, and Kenya; B2B and B2C insurance services. |
Key management Chairman & MD Mr. Vurakaranam Ramakrishna (Chartered Accountant), Independent Director Amb Rahul Chhabra (former diplomat), and insurance industry veterans. |
Our journey and innovations Founded in 1992, rebranded in 2023; pioneered insurance broking in India since 2003; expanded internationally with acquisitions and innovative insure-tech platforms. |
Where we operate India, Singapore, Sri Lanka, Maldives, Kenya, and emerging markets in South-East Asia and Africa. |
Top products or what we offer Commercial, retail and reinsurance broking services, wellness services, claims processing, and insurance consultancy. |
Top brands India Insure (leading broker in India); IIRM Lanka, Maldives, Kenya Insurance Brokers subsidiaries; multiple reinsurance partnership networks. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue from insurance broking is recurring through commissions and fees but can have cyclical elements tied to insurance cycles. |
Our industry position Among top 5 insurance distributors in their regions with a 22-25% CAGR in revenue over recent years. |
Financial highlights FY25 consolidated revenue ₹2209.5 crore (~US$26 Mn), PAT ₹216.3 crore; 22.75% revenue growth YoY; EBITDA margin about 21-26%. |
Geographical revenue split India contributes ~96%, Sri Lanka 3%, Maldives 1% of gross written premiums. |
Order book - |
Whats driving growth Robust demand for insurance in emerging markets, strategic acquisitions, expanding retail segment, and digital platform investments. |
Our future plans Expand international presence, roll out E-learning for agents, enhance phygital insurance distribution, and increase reinsurance business. |
Our green promise - |
Our people and values 500+ professionals across 10+ locations; fostering knowledge sharing, innovation, inclusion, and ethical governance practices. |
Key challenges ahead Regulatory compliance complexities, competition, underwriting risks, and integration of acquisitions. |
Interesting facts First Indian broker to organize rotational moulding for products; rapid expansions into African markets; 25 years of profit track record. |
Risks and strategy Address compliance risks with enhanced internal controls; mitigate market risks via diversified segments and expansion; build technology capabilities. |
