New Delhi, May 26: Reliance General Insurance, an arm of Reliance Capital that was recently acquired by IndusInd International Holdings Ltd (IIHL), reported a 12.5 percent rise in net profit to Rs 315 crore for the financial year ended March 2025.
The company’s gross direct premium (GDP) grew to Rs 12,548 crore, a growth of 7.4 percent over the previous fiscal, higher than the general insurance industry’s growth of 5.2 percent.
The company’s net worth also saw a growth of 10.2 percent to Rs 3,429 crore in FY25, Reliance General Insurance said in a statement.
IIHL, which had acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore into the general insurance company in May 2025, strengthening its financial strength and growth momentum.
The company, which was facing tough challenges due to being under the Insolvency and Bankruptcy Code (IBC) for nearly three years, has been acquired by Hinduja-backed IIHL. To revive the company’s position, the new promoter infused capital of Rs 300 crore during the insolvency process.
It said the solvency margin stood at 159 percent at the end of March 2025 against the regulatory requirement of 150 percent.
Commenting on the company’s performance, Reliance General Insurance CEO Rakesh Jain said FY 2024-25 was a year of disciplined execution, strategic investments and resilient growth even in a dynamic and challenging market environment.
He said, “We remain steadfast in our commitment to protect the aspirations of millions of Indians through innovative and reliable insurance solutions.”
He added that the successful completion of Reliance Capital Limited’s CIRP in March 2025 has opened a transformational new chapter under IIHL’s leadership.
He added, “With IIHL’s strong financial backing and proven expertise in financial services, we are confident of our ability to accelerate our growth journey and lead the next wave of innovation in India’s general insurance sector.”
