IIRM Holdings India Limited (IIRM) has successfully completed its merger with Sampada Business Solutions Limited, marking a significant corporate restructuring event. The Registrar of Companies (RoC), Hyderabad, granted approval for the merger on September 19, 2025, as confirmed by IIRM Holdings in a regulatory filing.

Merger Details

The merger involved Sampada Business Solutions Limited as the transferor company and IIRM Holdings India Limited as the transferee company. Following the approval, the status of Sampada Business Solutions Limited has been updated to 'Amalgamated' in the Ministry of Corporate Affairs database, signifying the completion of the merger process.

Regulatory Compliance

IIRM Holdings India Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, filed Form INC-28 with the RoC, Hyderabad. This form, which pertains to the approved Scheme of Amalgamation between the two companies, received approval on September 19, 2025.

Timeline of Events

The merger process has been ongoing for several months, with IIRM Holdings providing regular updates to the stock exchanges. The company had previously made intimations regarding the merger on:

• July 29, 2024
• January 22, 2025
• March 3, 2025
• April 18, 2025
• July 22, 2025

These dates indicate the various stages and milestones in the merger process, culminating in the final approval this September.

Stock Exchange Information

IIRM Holdings India Limited is listed on multiple stock exchanges:

Investors and stakeholders should note that IIRM Holdings India Limited was formerly known as Sudev Industries Limited, as mentioned in the regulatory filing.

The completion of this merger is expected to have implications for the company's structure and operations. Shareholders and investors are advised to keep track of further announcements from the company regarding the integration process and any changes in business strategy following this corporate action.

IIRM Holdings India Limited, a leading insurance distribution company, has released its Q1 investor presentation, showcasing solid growth and outlining its strategic vision for the future.

Financial Highlights

The company reported a 10% year-over-year increase in revenue, reaching INR 680.00 million in Q1, up from INR 658.00 million in the same quarter of the previous year. This growth was primarily driven by strong performance in the Fire, Engineering, and Motor verticals.

Premium volumes saw an impressive 11% growth, rising to INR 1,340.00 million from INR 1,206.00 million year-over-year. This outpaced the overall non-life insurance industry in India, which grew by 8.8% during the same period.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a marginal increase of 2.5%, reaching INR 160.00 million compared to INR 156.00 million in the previous year's quarter. However, profit after tax (PAT) declined to INR 76.00 million from INR 90.00 million in the comparable quarter.

Business Verticals and Market Presence

IIRM Holdings operates across five key business verticals:

1. Corporate Insurance Broking
2. Reinsurance Broking
3. Retail Insurance Broking
4. Wellness Services
5. Claims Processing and Support Services

The company has established a strong presence in India, Singapore, Sri Lanka, Maldives, and Kenya, serving over 2,000 corporate customers and more than 100,000 retail customers.

Strategic Outlook

The investor presentation outlined several growth strategies for IIRM Holdings:

1. Strategic Acquisitions: The company plans to invest in acquisitions within India and emerging markets to enhance its reach and earnings.
2. Technology Investments: IIRM Holdings is focusing on enhancing its InsureTech platform to improve customer experience and operational efficiency.
3. PHYGITAL Distribution Network: The company aims to expand its physical-digital hybrid network to target uninsured market segments.
4. Cross-selling Initiatives: Leveraging its extensive customer base of over 10 million, IIRM Holdings plans to increase upselling and cross-selling of personal insurance products.
5. International Expansion: The company is looking to capitalize on its international presence to significantly boost reinsurance revenues.

Market Trends and Opportunities

IIRM Holdings is well-positioned to capitalize on several key trends shaping the insurance landscape:

• Technological transformation in the industry, including the adoption of AI, blockchain, and advanced analytics
• Increasing focus on risk management and resilience
• Growing demand for customer-centric, personalized insurance solutions
• Demographic shifts and emerging market opportunities

The company sees significant potential in the Indian insurance market, which is expected to grow at a CAGR of 12-15% in the coming years, driven by urbanization, a growing middle class, and government initiatives promoting financial inclusion.

Leadership and Governance

IIRM Holdings boasts a diverse and experienced leadership team, including industry veterans and former government officials. The company's board of directors brings a wealth of expertise in insurance, risk management, and international relations.

As IIRM Holdings India Limited continues to execute its growth strategy, it aims to become a top 5 distributor of insurance within each region it operates, while maintaining a strong focus on technology integration and customer-centric solutions.