+
Supra Pacific Launches Insurance Partnerships
ECONOMY & POLICY

Supra Pacific Launches Insurance Partnerships

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

Supra Pacific Financial Services, a BSE-listed NBFC, has formally launched its Corporate Agency partnerships with three leading insurance providers:ICICI Lombard General Insurance CompanyCare Health InsuranceHDFC Life Insurance CompanyThe 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 efficiencyEnhance cross-selling opportunities and customer retentionExpand market presence and financial inclusion effortsDeliver sustainable long-term value to shareholdersFor 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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code