Capri Global Capital Incorporates Wholly Owned Subsidiary for Insurance Broking Business
Capri Global Capital Limited (CGCL) has established a wholly-owned subsidiary, Capri Global Insurance Brokers Private Limited (CGIBPL), to enter the insurance sector. CGIBPL, incorporated on December 2, 2023, with an authorized capital of Rs. 75 lakh, will engage in insurance broking, advisory services, client representation, training, and technology integration in the insurance ecosystem. The subsidiary is yet to commence operations and plans to obtain necessary regulatory approvals from IRDAI.

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Capri Global Capital Limited (CGCL) has announced a strategic move into the insurance sector with the establishment of a new wholly-owned subsidiary, Capri Global Insurance Brokers Private Limited (CGIBPL). This development marks an expansion of CGCL's business portfolio, diversifying its operations beyond its current focus areas.
Key Details of the New Subsidiary
| Aspect | Details |
|---|---|
| Name | Capri Global Insurance Brokers Private Limited (CGIBPL) |
| Authorized Capital | Rs. 75.00 lakh (7,50,000 Equity Shares of Rs. 10 each) |
| Industry | Insurance Broking |
| Ownership | 100% owned by Capri Global Capital Limited |
| Incorporation Date | December 2, 2023 |
| Operational Status | Yet to commence business operations |
Scope of Operations
The new subsidiary is set to engage in a range of insurance-related activities:
Insurance Broking: Acting as a direct broker, re-insurance broker, and composite broker for various types of insurance including life, general, health, motor, marine, and specialty insurances.
Advisory Services: Providing consultancy and intermediation services for individuals, corporates, and institutions.
Representation: Acting on behalf of clients in negotiations with insurers, reinsurers, underwriters, and regulatory authorities.
Training and Development: Organizing training programs, workshops, and e-learning platforms for distribution personnel and clients in the insurance ecosystem.
Technology Integration: Developing and managing software, technology platforms, and digital solutions for insurance broking, advisory, and claims management.
Regulatory Compliance
CGIBPL plans to obtain and maintain necessary registrations, approvals, and licenses from the Insurance Regulatory and Development Authority of India (IRDAI) and other relevant authorities. The company aims to comply with all applicable regulations in the insurance sector.
Strategic Implications
This move into insurance broking represents a diversification for Capri Global Capital Limited. By establishing a presence in the insurance sector, CGCL aims to expand its financial services portfolio and potentially create synergies with its existing business lines.
The expansion into insurance broking could open up new revenue streams for CGCL and position the company to capitalize on the insurance market in India. As the subsidiary begins operations, it will be interesting to observe how this strategic move impacts CGCL's overall business performance and market position in the financial services sector.
Historical Stock Returns for Capri Global Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.23% | -0.34% | -6.64% | +0.88% | -5.12% | +146.00% |
















































