Insurance Agency Investment Opportunity in Chennai, India

IRDA approved insurance brokers generating steady business and having multiple branches spread across the country.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 9 million
EBITDA Margin
20 - 30 %
Industries
Locations
Local Time
2:15 AM Chennai
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Investment
USD 6 million for 10.0% stake (Native Currency: INR 400,000,000)
Reason: Planning to have a PAN India presence with multiple business models driven by technology.
Includes physical assets worth USD 150 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Business Overview

- We are holders of IRDA broking license and we planned to aggressively target the markets across India.

- We have an outbound Call centre setup for our sales process and we will be soon launching B2B model.

- We will be appointing sub-agents who will be contributing to the overall business of our company.

- We plan to have an inbound call centre in place along with the B2C model to further enhance our sales strategy.

- In keeping with the digital strategy of the company we also aim to have our own Online portal prospective clients to buy Insurance which would include both General and Life.

- We aim to be one stop shop for Insurance solutions.

- Currently we have tie-ups with 5 major companies which includes Bharti AXA, Tata AIG, ICIC Lombard, HDFC Ergo and Reliance General.

- We have 11 branches across the country.

- Branch Distribution - Tamil Nadu, Puducherry, Andhra Pradesh, Telangana, Bangalore, Mumbai, Gujarat, Gurugram.

Products & Services Overview

General & Life Insurance.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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