Capri Global Capital is in the process of establishing a wholly-owned subsidiary named Capri Global Insurance Brokers Private Limited. The new entity will focus on insurance broking, advisory, and consultancy services. The proposed authorized capital is ₹75,00,000, divided into 7,50,000 equity shares of ₹10 each. This move expands Capri Global’s business lines and service offerings.
Insurance Broking Expansion
Capri Global Capital is set to broaden its business portfolio with the incorporation of a wholly-owned subsidiary dedicated to insurance services. The new entity, Capri Global Insurance Brokers Private Limited, will operate in the insurance broking sector, providing advisory and consultancy services.
Subsidiary Details
The newly incorporated subsidiary has a proposed authorized capital of ₹75,00,000. This capital is divided into 7,50,000 equity shares, each with a face value of ₹10.
Core Business Objectives
Capri Global Insurance Brokers Private Limited aims to conduct a wide array of insurance-related activities, including:
- Insurance broking, advisory, and consultancy services.
- Direct broking and re-insurance services.
- Services related to various insurance types (life, health, motor, marine, property, etc.) for individuals, corporates, and institutions.
- Representation of clients in negotiations with insurers and regulatory authorities.
- Risk transfer and underwriting support.
- Digital insurance advisory and related services.
Strategic Objectives
The new subsidiary also plans to offer value-added services such as training, capacity building, and the development of technology platforms to support the insurance ecosystem. This includes compliance with applicable laws and regulations to facilitate comprehensive insurance services.
Source: BSE