Acquisitions25 Mar 2026, 08:51 pm
IIRM Holdings India Ltd Acquires Safe Risk Insurance Brokers Private Limited for Rs. 84,82,52,000
AI Summary
IIRM Holdings India Ltd, through its wholly owned subsidiary India Insure Risk Management and Insurance Broking Services Private Limited, is acquiring Safe Risk Insurance Brokers Private Limited. The acquisition is a combination of cash and consideration other than cash, amounting to approximately Rs. 84,82,52,000. Safe Risk Insurance Brokers Private Limited is primarily engaged in insurance broking, risk management, and claims consultancy. The company, based in Bhubaneswar, was incorporated on December 1, 2014, and has a turnover history of Rs. 27.78 crore in 2024-25, Rs. 33.82 crore in 2023-24, and Rs. 25.8 crore in 2022-23.
Key Highlights
- IIRM Holdings India Ltd is acquiring Safe Risk Insurance Brokers Private Limited through its wholly owned subsidiary India Insure Risk Management and Insurance Broking Services Private Limited.
- The acquisition is a combination of cash and consideration other than cash, amounting to approximately Rs. 84,82,52,000.
- Safe Risk Insurance Brokers Private Limited is primarily engaged in insurance broking, risk management, and claims consultancy.
- The company, based in Bhubaneswar, was incorporated on December 1, 2014, and has a turnover history of Rs. 27.78 crore in 2024-25, Rs. 33.82 crore in 2023-24, and Rs. 25.8 crore in 2022-23.