Supra Pacific Launches Insurance Partnerships
16 Sep 2025 CW Team
Supra Pacific Financial Services, a BSE-listed NBFC, has formally launched its Corporate Agency partnerships with three leading insurance providers:
- ICICI Lombard General Insurance Company
- Care Health Insurance
- HDFC Life Insurance Company
The launch event, held on 15 September 2025 at the Company’s Corporate Office in Ernakulam, was attended by the Company’s senior leadership team — including Joby George, Chairman & Managing Director; Abidh Abubakkar, Executive Director; Sandeep Babu, Director; Balakrishnan R, Business Head; Raju R, General Manager – Strategy & Communication; and Deepak Francis, Senior Vice President. Representatives from the partner insurers, including Jaibin Lee James (HDFC Life), Rahul KR (ICICI Lombard), and Athul Dev Devarajan (Care Health), also joined the event.
The partnerships enable the Company to offer a comprehensive suite of life, health, and general insurance solutions to clients. This initiative is expected to:
- Strengthen revenue diversification and operational efficiency
- Enhance cross-selling opportunities and customer retention
- Expand market presence and financial inclusion efforts
- Deliver sustainable long-term value to shareholders
For FY 2025–26, the insurance business is expected to generate revenues of Rs 10.50 million, with projections of Rs 60.50 million in FY 2026–27. This growth is set to reinforce the Company’s positioning as a one-stop financial services provider.
With India’s insurance sector poised for rapid expansion, this move aligns with the Company’s broader strategy of growth, customer-centricity, and value creation. Following strong revenue and profit growth in Q1 FY 2025–26, the Company expects the insurance vertical to further accelerate momentum, enhance margins, and strengthen stakeholder returns.
News source: BSE