LIC Eyes Fintech Foray And Strategic Investments

04 Jun 2026 CW Team

State-owned insurer Life Insurance Corporation of India (LIC) is exploring the establishment of a dedicated fintech arm, either through strategic investments or organic development, the chief executive and managing director R Doraiswamy said. He said the move forms part of efforts to strengthen the corporation's digital capabilities and to drive innovation across its businesses. The plan is intended to modernise operations and improve returns on policyholders' funds.\n\nDoraiswamy said LIC is actively engaging with fintech and insurtech firms to modernise applications and develop innovative solutions, while leveraging its strong in-house software development capabilities. He noted that the insurer continues to work closely with IT service providers for new infrastructure and platforms, combining internal expertise with external support. As a large financial institution with investments across sectors, LIC is also evaluating strategic stakes in specialised players.\n\nThe chief executive said the corporation is assessing multiple options including partnerships with fintech firms as it seeks to remain agile in an increasingly competitive market. On the government’s plans to dilute its stake further, he said LIC has remained prepared since its 2022 initial public offering and would coordinate with the Centre on the timing and size of any sale. The government raised about Rs 210 billion (bn) by selling a three point five per cent stake in LIC through the 2022 offer, and the Centre continues to await favourable market conditions before launching another public offer.\n\nDoraiswamy highlighted recent shareholder rewards, noting a one-for-one bonus issue and a dividend that was materially higher than the previous year, and the board has recommended a final dividend of Rs 10 per share for FY26 subject to shareholder approval. Results for the quarter showed net profit up 23 per cent to Rs 234.2 billion (bn), which he described as the highest quarterly profit posted by any financial services firm in the country. He said LIC will balance internal development with targeted strategic investments to modernise systems and enhance returns for policyholders.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..