Life Insurance Corporation

Indian public sector life insurer

Life Insurance Corporation of India

Yogakshemam Vahamyaham

LIC New Delhi

Company type| Public

Traded as

* BSE: 543526
* NSE: LICI

Industry| Financial services
Founded| 1 September 1956 (68 years ago) (1956-09-01)
Headquarters| Mumbai, Maharashtra, India

Key people

* Siddharth Mohanty (Chairperson)
* R. Doraiswamy (Managing Director)
* M. Jagannath (Managing Director)
* Tablesh Pandey (Managing Director)

Products|

* Life insurance
* Term life insurance
* Unit-linked insurance plan
* Endowment policy
* Money-back policy
* Whole life insurance
* Retirement plans
* Health insurance
* Investment management
* Asset management
* Risk management
* Mutual funds
* Exchange-traded funds
* Index funds
* Fund of funds

Revenue|  ₹856,950 crore (US$100 billion) (2024)

Operating income

|  ₹41,057 crore (US$4.9 billion) (2024)

Net income

|  ₹40,916 crore (US$4.9 billion) (2024)
Total assets|  ₹5,252,252 crore (US$630 billion) (2024)
Total equity|  ₹82,890 crore (US$9.9 billion) (2024)
Owner|  Government of India (96.5%)[1][2]

Number of employees

| 98,661 (2024)[3]
Subsidiaries|

* LIC Pension Fund Ltd.
* LIC Mutual Fund
* LIC Cards Services Ltd.
* LIC Housing Finance

Website| www.licindia.in
Footnotes / references
Financials as of 31 March 2024[update].[3]

Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion (US$630 billion) as of March 2024.[4] It is under the ownership of Government of India and administrative control of the Ministry of Finance.[5]

The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalising the insurance industry in India. Over 245 insurance companies and provident societies were merged.[6][7]

LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹775,283 crore (equivalent to ₹8.2 trillion or US$98 billion in 2023) and a profit of ₹4,415 crore (equivalent to ₹47 billion or US$560 million in 2023).[8]

## History

[edit]

LIC Building at Chennai, was the tallest building in India when it was inaugurated in 1959

### Founding organisations

[edit]

The Oriental Life Insurance Company, the first company in India to offer life insurance coverage, was established in Kolkata in 1818 by Bipin Das Gupta. Its primary target market was India.[9]

Surendranath Tagore had founded Hindustan Insurance Society around the same time, which later became the Life Insurance Corporation.[10]

The Bombay Mutual Life Assurance Society was formed in 1870, almost half a century later. It was the first native insurance provider of Western India. Other insurance companies established in the pre-independence era include:

* Postal Life Insurance (PLI) was introduced on 1 February 1884
* Bharat Insurance Company (1896)
* United India (1906)
* National Indian (1906)
* National Insurance (1906)
* Co-operative Assurance (1906)
* Hindustan Co-operatives (1907)
* The New India Assurance Co Ltd (1919)
* Indian Mercantile
* General Assurance
* Swadeshi Life (later Bombay Life)
* Sahyadri Insurance (Merged into LIC, 1986)

These companies were established when India was marked mostly by turbulent economic and political conditions including the Indian rebellion of 1857, World War I and World War II. The effect of these events led to a high liquidation rate of life insurance companies in India and adversely affected the faith of the general public in the value of obtaining life insurance.

### Nationalization in 1956

[edit]

In 1956, parliamentarian Feroze Gandhi raised the matter of insurance fraud via owners of private insurance agencies. In the ensuing investigations, one of India's wealthiest businessmen, Times of India owner Sachin Devkekar, was sent to prison for two years.[11]

### Initial public offering

[edit]

This section needs to be updated. The reason given is: IPO has happened. Please help update this article to reflect recent events or newly available information. (February 2024)

|

Finance Minister Nirmala Sitharaman announced a proposal for an initial public offering (IPO) for the Life Insurance Corporation of India (LIC) in the 2021 Union budget of India.[12] The IPO was expected to occur in 2022, and the Government of India planned to remain the majority shareholder post-listing, with 10% of shares proposed to be allotted to existing LIC policyholders.[13] In 2021, the Indian government also proposed to enhance LIC's authorized capital to ₹250 billion (US$3.1 billion) to facilitate its public listing.[14]

The LIC IPO opened to the public on 4 May 2022, and concluded on 9 May 2022. The Government of India aimed to raise ₹21,000 crore through the IPO, which was significantly lower than the initially expected ₹65,000 to ₹70,000 crore by diluting a 5% equity stake.[15] Instead, the IPO offered a 3.5% stake, valuing the company at approximately ₹6 lakh crore.[16][17]

Since the IPO, LIC's market value has seen substantial growth. As of 2024, LIC's shares have reached record highs, with the company's market value increasing by $30 billion over two years.[18]

## Structure

[edit]

The Central Office of LIC is based out of Mumbai. There are a total of 8 zonal offices, located in Delhi, Chennai, Mumbai, Hyderabad, Kanpur, Kolkata, Bhopal and Patna.

### Liberalisation post 2000s

[edit]

In August 2000, the Indian Government embarked on a program to liberalise the insurance sector and opened it up to the private sector. The LIC benefited from this process and in 2013 reported that the first year premium compound annual growth rate (CAGR) was 24.53% while total life premium CAGR was 19.28%, matching the growth of the life insurance industry and outperforming general economic growth.[19]

## Golden Jubilee Foundation

[edit]

The LIC Golden Jubilee Foundation was established in 2006 as a charity organization. The entity has the aim of promoting education, alleviating poverty, and providing better living conditions for the underprivileged. The Golden Jubilee Scholarship award is one of the best known parts of the foundation. Each year, this award is given to the meritorious students in the 12th standard who wish to continue their studies, and have a parental income less than ₹200,000 (US$2,400).[20]

## Holdings

[edit]

The LIC invests in sectors such as banks, cement, chemicals and fertilizers, electricity and transmission, electrical and electronics, engineering, construction and infrastructure, fast-moving consumer goods, finance and investments, healthcare, hotels, information technology, metals and mining, motor vehicles, and ancillaries, oil and natural resources, retail, textiles, transportation, and logistics.[21]

## See also

[edit]

* Insurance in India
* Insurance
* LIC Housing Finance

## References

[edit]

1. ^ "How LIC's IPO, India's biggest, ended in a downbeat debut". Live Mint. 17 May 2022. Retrieved 17 May 2022.
2. ^ "Shareholding Pattern". licindia.in. 18 July 2024. Retrieved 1 September 2024.
3. ^ a b "Life Insurance Corporation Ltd. Financial Statements" (PDF). bseindia.com.
4. ^ Laskar, Anirudh (20 May 2022). "LIC plans makeover of investment strategy". mint. Retrieved 10 February 2023.
5. ^ "Stock Market Today: LIC Beats SBI To Become The Most Valuable PSU". Bru Times News.
6. ^ Anushka. "LIC – Life Insurance Corporation Of India". My LIC India. Retrieved 18 February 2020.
7. ^ "59th Annual Report". licindia.in. Archived from the original on 26 August 2016. Retrieved 10 September 2023.
8. ^ "LIC breaks into Fortune 500 list, Reliance jumps 51 places". The Indian Express. 4 August 2022. Retrieved 3 September 2022.
9. ^ "History". LIC. Archived from the original on 16 December 2013. Retrieved 15 December 2013.
10. ^ "Lunch on lotus leaves". www.telegraphindia.com. Retrieved 19 December 2018.
11. ^ Bhushan, Sasi. "Excerpts: Feroze Gandhi: A Political Biography by Shashi Bhushan". www.cse.iitk.ac.in. Retrieved 10 March 2021.
12. ^ "LIC IPO: Good news for LIC insurance policy holders! Modi government confirms this big development". Zee Business. 10 February 2021. Retrieved 7 March 2021.
13. ^ "Government proposes to hike LIC authorised capital to Rs 25,000 crore". The Economic Times. Retrieved 7 March 2021.
14. ^ "India: Govt plans to increase authorized capital of LIC by 2.5x to prepare for IPO". Asia Insurance Review. 8 March 2021. Retrieved 22 April 2021.
15. ^ "LIC IPO size cut by one-third, valuation by half". www.fortuneindia.com. 12 April 2022. Retrieved 26 April 2022.
16. ^ Kar, Sharmita (4 May 2022). "LIC IPO: India's biggest IPO has opened - Here are 10 things you should know". Hindustan Times. Retrieved 1 September 2024.
17. ^ Ranjan, Abhinav (10 May 2022). "LIC IPO closes: Allotment on May 12, check grey market premium". India TV. Retrieved 1 September 2024.
18. ^ Sinha, Vaishnawi (30 January 2024). "LIC shares touch record high two years after IPO, market value spikes by $30 billion". Hindustan Times. Retrieved 1 September 2024.
19. ^ CA. Nirmal Ghorawat (31 January 2013). "Perspectives on Life Insurance Industry in India « CA. Nirmal Ghorawat's Blog". Canirmalg.wordpress.com. Retrieved 14 June 2013.
20. ^ "LIC Scholarship". 22 December 2021.
21. ^ "Union government, LIC to divest over 60 per cent stake in IDBI Bank". The Economic Times. Retrieved 10 November 2022.

## External links

[edit]

Wikimedia Commons has media related to Life Insurance Corporation of India.

* Official website

* v
* t
* e

Insurance in India

Companies|

| Agriculture|

| Public sector|

* Agriculture Insurance Company of India

|

General|

* Bajaj Allianz
* Bharti AXA
* Aditya Birla Capital
* Cholamandalam MS
* Edelweiss
* HDFC ERGO
* Future Generali
* ICICI Lombard
* Kotak Mahindra GI
* Reliance General
* Royal Sundaram
* SBI General
* Shriram General
* TATA AIG

| Public sector|

* National Insurance
* New India Assurance
* Oriental Insurance
* United India Insurance

|

Life|

* Aegon
* Aviva
* Bajaj Allianz
* Bharti AXA
* Birla Sun Life
* Canara HSBC Life
* Edelweiss
* Exide
* HDFC Life
* ICICI Prudential
* Max Life
* Peerless
* PNB MetLife
* Reliance Life
* Kotak Life
* Sahara Life
* SBI Life
* Sriram Life
* Tata AIA

| Public sector|

* Life Insurance Corporation of India (LIC)

|

Health|

* Care (Religare)
* ManipalCigna Health
* Max Bupa
* Star Health

| Public sector|

* Employees' State Insurance (ESI)

|

Reinsurance|

* GIC-Re

Repository|

* CDSL
* NSDL

Policy|

* Agricultural insurance in India
* National Health Policy

Government
schemes|

* Ayushman Bharat Yojana
* Biju Swastya Kalyan Yojana
* Pradhan Mantri Fasal Bima Yojana
* Pradhan Mantri Suraksha Bima Yojana
* Pradhan Mantri Jeevan Jyoti Bima Yojana
* Rashtriya Swasthya Bima Yojana

Legislations|

* Insurance Act, 1938
* Industrial Policy Resolution of 1956

Other|

* CISR
* Insurance Institute of India
* Insurance Regulatory and Development Authority (IRDA)
* Insurance Repository in India

* Category

* v
* t
* e

Public sector undertakings in India (List)

Maharatna|

| Energy|

* Bharat Petroleum
* Coal India
* GAIL
* Hindustan Petroleum
* Indian Oil
* NTPC Limited
* ONGC
* Power Grid

|

Financial services|

* Power Finance Corporation
* REC

Other|

* BHEL
* SAIL

Navratna|

| Defence|

* Bharat Electronics
* Hindustan Aeronautics

|

Energy & metals|

* National Aluminium Company
* National Mineral Development Corporation
* Neyveli Lignite Corporation
* Oil India
* Rashtriya Ispat Nigam

EPC|

* Engineers India
* National Buildings Construction Corporation

Logistics|

* Container Corporation of India
* Shipping Corporation of India

Telecommunications|

* Mahanagar Telephone Nigam

Miniratna-I|

| Energy, metals
& mining|

* Bharat Coking Coal
* Balmer Lawrie
* Central Coalfields
* Central Mine Planning and Design Institute
* Chennai Petroleum Corporation
* Hindustan Copper
* Indian Renewable Energy Development Agency
* Indian Rare Earths
* Kudremukh Iron Ore Company
* Mahanadi Coalfields
* MOIL
* Mangalore Refinery and Petrochemical
* Mineral Exploration Corporation
* National Hydroelectric Power Corporation
* Northern Coalfields
* North Eastern Electric Power Corporation
* Numaligarh Refinery
* ONGC Videsh
* SJVN
* South Eastern Coalfields
* THDC
* Western Coalfields

|

Defence & space|

* Antrix Corporation
* Bharat Dynamics
* Bharat Earth Movers
* Cochin Shipyard
* Garden Reach Shipbuilders and Engineers
* Goa Shipyard
* Mazagon Dock
* Mishra Dhatu Nigam
* Pawan Hans

Media & telecom|

* Bharat Sanchar Nigam
* Hindustan Newsprint
* Hindustan Paper Corporation
* Railtel
* Telecommunications Consultants India

Logistics & transport|

* Airports Authority of India
* Central Warehousing Corporation

EPC & infrastructure|

* Bridge & Roof Company
* HUDCO
* Ircon International
* Kamarajar Port
* National Projects Construction Corporation
* Projects and Development India
* Rail Vikas Nigam
* RITES
* WAPCOS

Trading|

* Cotton Corporation of India
* India Trade Promotion Organisation
* Metals and Minerals Trading Corporation of India
* MSTC

Tourism & hospitality|

* HSCC (India)
* India Tourism Development Corporation
* IRCTC

Agriculture|

* National Fertilizers
* National Seed Corporation
* Rashtriya Chemicals & Fertilizers

Other|

* Educational Consultants India
* HLL Lifecare
* Indian Railway Finance Corporation
* National Small Industries Corporation
* Security Printing and Minting Corporation of India

Miniratna-II|

* Artificial Limbs Manufacturing Corporation of India
* Bharat Pumps & Compressorsl
* Broadcast Engineering Consultants India
* Central Railside Warehouse Company
* Engineering Projects (India) Limited
* FCI Aravali Gypsum and Minerals (India)
* Ferro Scrap Nigam
* HMT Limited
* Indian Medicines and Pharmaceuticals Corporation
* MECON
* National Film Development Corporation of India
* Rajasthan Electronics and Instruments

Finance|

| Banks|

* Bank of Baroda
* Bank of India
* Bank of Maharashtra
* Canara Bank
* Central Bank of India
* Indian Bank
* Indian Overseas Bank
* Punjab & Sind Bank
* Punjab National Bank
* State Bank of India
* UCO Bank
* Union Bank of India

|

Insurance|

| Agriculture|

* Agriculture Insurance Company of India

|

General|

* National Insurance Company
* New India Assurance
* Oriental Insurance
* United India Insurance Company

Life|

* Life Insurance Corporation of India

Health|

* Employees' State Insurance

Reinsurance|

* GIC Re

State govt.
enterprises|

* Kerala
* Tamil Nadu
* Jammu & Kashmir Bank

Other|

* Advanced Weapons and Equipment India
* Armoured Vehicles Nigam Limited
* BHAVINI
* Cement Corporation of India
* Dredging Corporation of India
* Electronics Corporation of India
* Food Corporation of India
* Gliders India Limited
* Hindustan Shipyard
* India Optel Limited
* Munitions India Limited
* Nuclear Power Corporation of India
* Troop Comforts Limited
* Uranium Corporation of India
* Yantra India Limited

l - liquidated
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India

* v
* t
* e

Major insurance and reinsurance companies

Insurance|

| Americas|

* Aflac
* Ambac
* American Family Insurance
* American International Group
* Berkshire Hathaway
* Chubb
* Cigna
* CNA Financial
* CUNA Mutual Group
* FM Global
* The Hartford
* Humana
* Liberty Mutual
* Markel Corporation
* Manulife
* MassMutual
* MetLife
* Mutual of America
* Mutual of Omaha
* National Life Group
* Nationwide Mutual Insurance Company
* New York Life Insurance Company
* Northwestern Mutual
* Ohio National Life Insurance Company
* Pacific Life
* Progressive Corporation
* Prudential Financial
* State Farm
* Sun Life Financial
* UnitedHealth Group
* Unum
* USAA
* Western & Southern Financial Group

|

EMEA|

* Aegon N.V.
* Ageas
* Allianz
* Aon
* Assicurazioni Generali
* Aviva
* Axa
* Bâloise
* CNP Assurances
* Folksam
* Groupama
* LähiTapiola
* Mapfre
* Mutua Madrileña
* NN Group
* Old Mutual
* Phoenix Group
* Prudential plc
* Royal London Group
* RSA Insurance Group
* Sampo Group
* Storebrand
* Suva
* Swiss Life
* Varma Mutual Pension Insurance Company
* Zurich Insurance Group

APAC|

* AIA Group
* China Life Insurance Company
* China Pacific Insurance Company
* Dai-ichi Life
* Great Eastern Life
* Kyobo Life Insurance
* Life Insurance Corporation
* Meiji Yasuda Life
* MS&AD Insurance Group
* Nippon Life
* Income Insurance
* Ping An Insurance
* QBE Insurance
* Singlife
* SOMPO Holdings
* Sumitomo Life
* T&D Holdings
* Taikang Life Insurance
* Tokio Marine

Reinsurance|

* Arch Capital Group
* Axa XL
* China Re
* Everest Group
* General Insurance Corporation of India
* Hannover Re
* Instituto de Resseguros do Brasil
* Korean Reinsurance
* Lloyd's of London
* Munich Re
* Reinsurance Group of America
* RenaissanceRe
* SCOR SE
* Swiss Re
* TransRe

Methodology: SWFI ranking by Total Assets
List of largest insurance companies

* v
* t
* e

Financial services in India

Banking

| Commercial
banking|

| Scheduled
banks|

| Commercial|

| Private|

* Axis
* Bandhan
* CSB
* City Union
* DCB
* Dhanlaxmi
* Federal
* HDFC
* ICICI
* IDBI
* IDFC First
* IndusInd
* Karnataka
* Karur Vysya
* Kotak Mahindra
* Nainital
* RBL
* South Indian
* Tamilnad Mercantile
* Yes

|

PSBs|

* Bank of Baroda
* Bank of India
* Bank of Maharashtra
* Canara Bank
* Central Bank of India
* Indian Bank
* Indian Overseas Bank
* Jammu & Kashmir Bank
* Punjab & Sind Bank
* Punjab National Bank
* State Bank of India
* UCO Bank
* Union Bank of India

Foreign|

| Branches|

* ABN AMRO
* Abu Dhabi Commercial Bank
* Antwerp Diamond Bank
* ANZ
* Bank Maybank Indonesia
* Bank of America
* Bank of Bahrain and Kuwait
* Bank of Ceylon
* Barclays
* Citibank
* Credit Suisse
* Deutsche Bank
* HSBC
* MUFG Bank
* Rabobank
* Royal Bank of Scotland
* Scotiabank
* Standard Chartered

|

Subsidiaries|

* DBS Bank
* State Bank of Mauritius

RRBs|

* Andhra Pradesh Grameena Vikas Bank
* Andhra Pragathi Grameena Bank
* Assam Gramin Vikash Bank
* Bangiya Gramin Vikash Bank
* Kerala Gramin Bank
* North Malabar Gramin Bank
* Mizoram Rural Bank
* Pallavan Grama Bank
* Pandyan Grama Bank
* Paschim Banga Gramin Bank
* South Malabar Gramin Bank
* Uttar Bihar Gramin Bank
* Uttarakhand Gramin Bank
* Vananchal Gramin Bank

Cooperative|

* District Co-operative Central Bank
* Buldhana Urban
* Cosmos Bank
* Mizoram Co-operative Apex Bank
* Rajkot Nagrik Sahakari Bank
* Repco Bank
* Saraswat Bank
* Shamrao Vithal Co-operative Bank
* TNSC Bank
* Chennai Central Cooperative Bank

| Uttar Pradesh|

* Allahabad UP Gramin Bank
* Gramin Bank of Aryavart
* Sarva UP Gramin Bank

|

Niche
banks|

| SFBs|

* AU
* Capital
* ESAF
* Equitas
* Fincare
* Jana
* North East
* Suryoday
* Ujjivan

|

Payments
banks|

* Airtel
* Fino
* NSDL Payments Bank Limited
* India Post
* Jio
* Paytm

| Surrendered licencees|

* Sun Pharmaceuticals
* Tech Mahindra

|

Wound up|

* Aditya Birla

Defunct
banks|

| Merged|

| PSB|

* New Bank of India
* Dena Bank
* Vijaya Bank
* Allahabad Bank
* Andhra Bank
* Corporation Bank
* Oriental Bank of Commerce
* United Bank of India
* Syndicate Bank

|

SBI|

* Bank of Bombay
* Bank of Calcutta
* Bank of Madras
* Imperial Bank of India
* State Bank of Bikaner & Jaipur
* State Bank of Hyderabad
* State Bank of Indore
* State Bank of Mysore
* State Bank of Patiala
* State Bank of Saurashtra
* State Bank of Travancore
* Bharatiya Mahila Bank

Rescued|

* Global Trust Bank
* Lakshmi Vilas Bank
* Nedungadi Bank
* United Western Bank
* United Industrial Bank

Acquired|

* Bank of Madura
* Bank of Rajasthan
* Bengal Central Bank
* Centurion Bank of Punjab
* Chartered Bank of India, Australia and China
* Grindlays Bank
* National Bank of India
* ING Vysya Bank
* Mercantile Bank of India, London and China
* Lord Krishna Bank

| PSB|

* Bharat Overseas Bank
* Pandyan Bank

|

Wound up|

* Bank of Chettinad
* Dass Bank
* Industrial Investment Bank of India

Failed|

* Alliance Bank of Simla
* Arbuthnot & Co
* Commercial Bank of India
* Exchange Bank of India & Africa
* (New) Oriental Bank Corporation
* Oudh Commercial Bank
* Madhavpura Mercantile Cooperative Bank

Liquidated|

* Bank of Hindostan
* Nath Bank
* Palai Central Bank

Networks|

| Interbank networks|

* Cirrus
* NFS
* PLUS

|

ATM networks|

* BANCS
* Cashnet
* CashTree
* MITR

Financial
technology|

| Online transfers|

* BBPS
* IMPS
* NEFT
* RTGS
* UPI
* AEPS
* BHIM

|

Cards|

* MasterCard
* Debit MasterCard
* Maestro
* RuPay
* Visa
* Visa Debit
* Visa Electron
* Visa payWave

Payment service|

* Atom
* BHIM
* BillDesk
* CCAvenue
* Google Pay
* Zeta India

Digital wallets|

* Amazon Pay
* Freecharge
* Mobikwik
* Oxigen Services
* Payoneer
* Paytm
* PayU
* Payworld
* PhonePe

Other|

* ATM usage fees
* De-Materialisation (De-Mat)
* Foreign Exchange (ForEx)
* Indian Financial System Code (IFSC)
* List of banks
* National Unified USSD Platform (NUUP)

| Protocol|

* BBPS
* Structured Financial Messaging System (SFMS)

|

Investment
banking|

* A.K. Capital Services Ltd.
* Ambit Corporate Finance Pvt.Ltd.
* Anand Rathi Advisors Ltd.
* Ashika Capital Ltd.
* Avendus Capital Pvt.Ltd.
* Axis Bank Ltd.
* Axis Capital Ltd.
* Barclays Bank Plc
* Bcb Brokerage Pvt.Ltd.
* Birla Capital & Financial Services Ltd.
* BNP Paribas
* Bob Capital Markets Ltd.
* Boi Merchant Bankers Ltd.
* Canara Bank
* Central Bank Of India
* Centrum Capital Ltd.
* Chartered Finance Management Ltd.
* Choice Capital Advisors Pvt.Ltd.
* Citigroup Global Markets India Pvt.Ltd.
* Credit Suisse Securities (India) Pvt.Ltd.
* Deutsche Equities India Pvt.Ltd.
* DSP Merrill Lynch Ltd.
* Edelweiss Financial Services Ltd.
* Ernst & Young Merchant Banking Services Pvt.Ltd.
* HDFC Bank Ltd.
* HSBC Securities & Capital Markets (India) Pvt.Ltd.
* ICICI Securities Ltd.
* IDBI Capital Market Services Ltd.
* IDFC Securities Ltd.
* IIFL Holdings Ltd.
* Il&Fs Capital Advisors Ltd.
* Indian Overseas Bank
* Inga Capital Pvt.Ltd.
* Jefferies India Pvt.Ltd.
* JM Financial Institutional Securities Ltd.
* JP Morgan India Pvt.Ltd.
* Karvy Investor Services Ltd.
* Keynote Corporate Services Ltd.
* KJMC Corporate Advisors (India) Ltd.
* Kotak Mahindra Capital Co.Ltd.
* Lazard India Pvt.Ltd.
* Morgan Stanley India Co.Pvt.Ltd.
* Motilal Oswal Investment Advisors Pvt. Ltd.
* Munoth Financial Services Ltd.
* Pantomath Capital Advisors Pvt.Ltd.
* Religare Capital Markets Ltd.
* Rothschild (India) Pvt.Ltd.
* Saffron Capital Advisors Pvt.Ltd.
* SBI Capital Markets Ltd.
* SMC Capitals Ltd.
* Trust Investment Advisors Pvt.Ltd.
* UBS Securities India Pvt.Ltd.
* Union Bank Of India
* Vivro Financial Services Pvt.Ltd.
* Yes Bank Ltd.

Institutions|

* SIDBI
* NABARD
* EXIM
* IIBI
* IFCI

Asset management

| Hedge funds|

* True Beacon

|

Mutual funds|

* Axis
* Baroda Pioneer
* Birla Sun Life
* BNP Paribas
* BOI AXA
* Canara Robeco
* PGIM
* DHFL Pramerica
* DSP
* Edelweiss
* Escorts
* Franklin Templeton Investments
* Goldman Sachs
* HDFC AMC
* HSBC Global
* ICICI Prudential
* IDBI
* IDFC
* IIFCL Asset Management
* IIFL
* IL & FS Infra
* Indiabulls
* JM Financial
* Kotak
* L & T
* LIC Nomura
* Mirae
* Nippon India
* Motilal Oswal
* Peerless
* PPFAS
* Quantum
* Religare
* Sahara
* SBI
* Shriram
* Sundaram
* Tata
* Taurus
* Union KBC
* Unit Trust of India

InvITs|

| REITs|

* Brookfield Real Estate Trust
* Mindspace Business Parks REIT
* IIFL Real Estate Investment Trust
* Embassy Office Parks REIT

|

Other|

| Telecom|

* Digital Fibre Infrastructure Trust
* Tower Infrastructure Trust

|

Energy|

* India Grid Trust
* India Infrastructure Trust
* POWERGRID Infrastructure Investment Trust

Roads|

* Indian Highway Concessions Trust
* IndInfravit Trust
* IRB Infrastructure
* IRB InvIT Fund
* MEP Infrastructure Investment Trust
* National Highways Infra Trust
* Oriental InfraTrust
* Roadstar Infra Investment Trust
* Shrem Invit

Insurance

| Companies|

| Agriculture|

* Agriculture Insurance Company of India

|

General|

| Private|

* Bajaj Allianz
* Aditya Birla Capital
* Care Health Insurance
* Cholamandalam MS
* Edelweiss Group
* HDFC ERGO
* Future Generali
* ICICI Lombard
* ManipalCigna Health
* Kotak Mahindra
* Reliance
* Royal Sundaram
* TATA AIG
* SBI General
* Shriram General Insurance
* Max Bupa
* Star Health

|

Govt|

* National Insurance
* New India Assurance
* Oriental Insurance
* United India
* Employees State Insurance (ESI)

Life|

* Aegon Life
* Aviva India
* Bajaj Allianz
* Birla Sun Life
* Canara HSBC OBC Life
* Edelweiss Group
* Exide Life
* HDFC Life
* ICICI Prudential
* LIC
* Max Life
* Peerless Group
* PNB MetLife
* Reliance
* Kotak
* SBI Life
* Shriram Life Insurance
* Tata AIA

Reinsurance|

* GIC-Re

Repository|

* CDSL
* NSDL

Policy|

* Agricultural insurance in India
* National Health Policy
* Pradhan Mantri Fasal Bima Yojana
* Pradhan Mantri Suraksha Bima Yojana
* Pradhan Mantri Jeevan Jyoti Bima Yojana
* Ayushman Bharat Yojana
* Rashtriya Swasthya Bima Yojana
* Biju Swastya Kalyan Yojana

Other|

* CISR
* Insurance Institute of India

Financial markets

| Stock
exchanges|

| Functional|

| BSE|

* Phiroze Jeejeebhoy Towers

|

NSE|

* NSE IFSC
* NSE EMERGE

Other|

* Calcutta Stock Exchange
* India International Exchange
* Metropolitan Stock Exchange
* United Stock Exchange of India

De-recognized|

* Bangalore
* Cochin
* Coimbatore
* Inter-connected Stock Exchange of India
* Madhya Pradesh
* Madras
* Magadh
* Mangalore
* Saurashtra Kutch
* Ahmedabad Stock
* Bhubaneswar
* Delhi
* Gauhati
* Jaipur
* Ludhiana
* OTC Exchange of India
* Pune
* UP
* Vadodara
* Meerut
* Capital Stock Exchange of Kerala

Commodity
exchanges|

* India International Bullion Exchange
* Bharat Diamond Bourse
* Indian Energy Exchange
* International Pepper Exchange
* Multi Commodity Exchange
* National Commodity and Derivatives Exchange
* National Spot Exchange
* Surat Diamond Bourse
* Universal Commodity Exchange

Brokerages|

| Online|

* Angel
* Axis
* Dhani
* Edelweiss
* FundsIndia
* Geogit
* HDFC
* India Infoline
* Kuvera.in
* Motilal Oswal
* Scripbox
* Reliance
* Sharekhan

|

Other|

* Darashaw

Depositories|

* NSDL
* CDSL
* StockHolding Corporation of India
* Karvy Corporate

Rating
agencies|

| For companies|

* Acuite/SMERA
* Brickworks
* CARE Ratings
* CRISIL (S&P)
* Hunter (Experian)
* ICRA (Moody's)
* India Ratings & Research (Fitch)
* Infomerics Valuation
* ONICRA

|

For individuals|

* Equifax
* Experian
* Highmark
* TransUnion CIBIL

Financial
crime|

| Events|

* 1992 Indian stock market scam

|

People|

* Harshad Mehta
* Abdul Karim Telgi
* Ramalinga Raju
* Hasan Ali Khan
* Ketan Parekh

Other|

* CAMS
* CERSAI

Alternative financial services

| Digital lending|

* Fullerton India
* Hero FinCorp

|

Housing finance|

* Aavas Financiers
* DHFL
* Home First Finance
* HUDCO
* HDFC
* LIC Housing Finance
* National Housing Bank
* Odisha Rural Housing & Development Corporation
* PNB Housing Finance

Chit funds|

* Saradha Group financial scandal
* Rose Valley financial scandal

Microfinance|

* Bandhan Bank
* BASIX (India)
* Bharat Financial Inclusion
* ESAF Small Finance Bank
* Grama Vidiyal
* National Bank for Agriculture and Rural Development
* Satin Creditcare Network Limited

Other|

* Peer-to-peer lending
* Kitty party

Angel investment, venture capital & private equity

| Angel investments|

* Indian Angel Network

|

Venture capital|

* Chiratae Ventures
* Embassy Group
* Indian Angel Network
* Unitus Seed Fund

Private equity|

* Kotak Private Equity
* Chrys Capital
* India Value Fund - True North
* Motilal Oswal Private Equity
* IDFC Private Equity Fund
* ICICI Venture Fund
* CX Partners
* Premji Invest
* Kedaara Capital
* JM Financial Private Equity

Legislation & regulation

| Banking|

| Authorities
& boards|

| Central bank|

* Reserve Bank of India

|

Other|

* IFSCA
* BBB
* BCSBI
* NPCI
* IBA
* IDRBT

Legislation|

| In force|

* Reserve Bank of India Act, 1934
* Government Securities Act, 2006
* The State Bank of India Act, 1955
* The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970
* Banking Regulation Act, 1949
* International Financial Services Centres Authority Act, 2019

|

Repealed|

* Public Debt Act, 1944

Asset
management|

| Legislation|

* The Unit Trust of India Act, 1963
* Indian Registration Act, 1908

|

Other regulations|

* SEBI (Mutual Funds) Regulations, 1993

Insurance|

| Authorities & boards|

* IRDAI
* Insurance Association of India
* Life Insurance Council
* General Insurance Council

|

Legislation|

| In force|

* Insurance Act, 1938
* Industrial Policy Resolution of 1956
* Life Insurance Corporation Act, 1956
* Insurance Regulatory and Development Authority Act, 1999
* The General Insurance Business (Nationalisation) Act, 1972

|

Repealed|

The British Insurance Act, 1870

Financial
markets|

| Authorities & boards|

* SEBI
* Securities commission
* Forward Markets Commission

|

Legislation|

| In force|

* SEBI, Act 1992
* Forward Contracts (Regulation) Act, 1952
* The Securities Contracts (Regulation) Act, 1956

|

Alternative
financial
services|

| Authorities & boards|

* NHB

|

Legislation|

| Microfinance|

* Tamil Nadu Money-Lenders Act, 1957
* The Bombay Money-Lenders Act, 1946
* The Karnataka Money-Lenders Act, 1961
* The Kerala Money-Lenders Act, 1958
* Bengal Money-Lenders Act, 1940
* The Rajasthan Money-Lenders Act, 1963

|

Other|

* Multi-State Cooperative Legislation Act, 2002
* Mutually Aided Cooperative Acts
* The National Housing Bank Act, 1987
* The Chit Funds Act, 1982

Alternative
investment
funds|

| Authorities & boards|

* Indian Association of Alternative Investment Funds (IAAIF)

|

Legislation|

* Indian Trusts Act, 1882

Regulations|

* SEBI (Venture Capital Funds) Regulations, 1996
* SEBI AIF Regulations, 2012
* SEBI (Investment Advisers) Regulations 2013

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template