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.

IIRM Holdings India Limited (formerly known as Sudev Industries Limited) has reported its financial results for the quarter ended June 30, 2025, along with several significant corporate decisions approved by its Board of Directors.

Financial Performance

The company's consolidated net profit for Q1 stood at Rs 764.32 lakhs, marking a substantial decrease from Rs 2,163.06 lakhs reported in the same quarter of the previous year. Despite the profit decline, the company's revenue from operations showed a modest increase, reaching Rs 6,796.49 lakhs compared to Rs 6,572.52 lakhs in the corresponding quarter last year.

The financial results reveal:

Key Corporate Actions

The Board of Directors, in their meeting held on July 31, 2025, approved several important decisions:

1. Secretarial Auditor Appointment: M/s. Hemang Satra & Associates has been appointed as the Secretarial Auditor for a term of 5 years (2025-26 to 2029-30), subject to shareholder approval at the upcoming Annual General Meeting.

2. Annual General Meeting: The 32nd Annual General Meeting is scheduled for September 27, 2025, to be conducted via video conferencing.

3. Merger Approval: The Board noted the approval of the merger scheme between its subsidiary, Sampada Business Solutions Limited, and IIRM Holdings India Limited by the Regional Director - South East Region, Ministry of Corporate Affairs, Hyderabad.

4. Inorganic Growth Plans: The company's subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited, plans to acquire 100% equity of Safe Risk Insurance Brokers Private Limited in phases, subject to regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI).

5. Audit Committee Reconstitution: The Audit Committee has been reconstituted with Mr. Guru Venkata Subbaraya Sharma Varanasi as the Chairperson, along with three other members.

6. Stock Exchange Actions: The Board has authorized an application for the revocation of suspension on the Calcutta Stock Exchange.

Subsidiary Performance

Sampada Business Solutions Limited, a wholly-owned subsidiary of IIRM Holdings, reported a profit before tax of Rs 943.05 lakhs for the quarter ended June 30, 2025. This represents a decrease from the profit of Rs 2,874.57 lakhs reported for the year ended March 31, 2025.

The company's financial results and corporate actions reflect a period of strategic realignment and expansion efforts, despite the challenges faced in maintaining profit levels compared to the previous year. Investors and stakeholders will be watching closely to see how these corporate actions impact the company's future performance and market position.