July 20, 2017 5:36 PM ET

Insurance

Company Overview of IndiaFirst Life Insurance Company Limited

Company Overview

IndiaFirst Life Insurance Company Limited provides individual and group life insurance products, and pension solutions to customers in India and internationally. It was formerly known as Baroda L&G Life Insurance Company Limited and changed its name to IndiaFirst Life Insurance Company Limited in November 2009. The company was incorporated in 2008 and is based in Mumbai, India.

301, 'B' Wing, The Qube

Infinity Park

Dindoshi - Film City Road

Malad (East)

Mumbai,  400 097

India

Founded in 2008

Phone:

91 22 3941 8700

Fax:

91 22 3325 9600

Key Executives for IndiaFirst Life Insurance Company Limited

Chief Executive Officer, Managing Director and Director
Chief Financial Officer
Head of Operations
Chief Investment Officer and Director
Head of IT and Distribution Services
Compensation as of Fiscal Year 2017.

IndiaFirst Life Insurance Company Limited Key Developments

JV Partners Of Indiafirst Life Insurance Reported Exploring Strategic Options

JV partners of IndiaFirst Life Insurance Company Limited reportedly are exploring strategic options. ET NOW learns that a mega deal is brewing in IndiaFirst Life Insurance, which is a three-way joint venture between Bank of Baroda (BSE:532134), Legal & General Group Plc (LSE:LGEN) and Andhra Bank (BSE:532418). According to two sources familiar with the proposed transaction who spoke on the condition of anonymity, the JV partners are currently exploring multiple strategic options which could include either a potential partial stake sale or even a potential exit based on the progress of the discussions. "JV partners are considering various strategic options, but no plans have been finalised as yet by them. As part of preliminary negotiations, talks have been held with prospective suitors like Reliance Nippon Life Insurance Company Limited," said one of the two sources. "AMBIT Capital Private Limited has been roped in to advice on the strategic options suitable for each of the JV partners. For instance, Legal & General Group is reconsidering its emerging markets strategy and is believed to be eyeing an exit," added the second source cited above. Ambit Capital declined to comment on market speculation while IndiaFirst Life Insurance said, "IndiaFirst Life Insurance has had no discussions with any insurance company, nor has appointed any advisor for any such arrangement."

Bank of Baroda Considers Selling Minority Stakes

Bank of Baroda (BSE:532134) is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the matter. Bank of Baroda is seeking to pare its 44% stake in IndiaFirst Life Insurance Company Limited and the 49% stake in Baroda Pioneer Asset Management Company, the people said, asking not to be identified as the information isn’t public. They didn’t give a time frame for executing the sales. A Bank of Baroda spokesman didn’t immediately respond to emails and phone calls seeking comment.

IndiaFirst Life Insurance Company Limited Presents at 8th annual Southeast Asia Institutional Investment Forum, Dec-01-2016 10:50 AM

IndiaFirst Life Insurance Company Limited Presents at 8th annual Southeast Asia Institutional Investment Forum, Dec-01-2016 10:50 AM. Venue: Ritz Carlton, Singapore. Speakers: A. K. Sridhar, Chief Investment Officer and Director.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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