Acquisitions24 Mar 2026, 09:01 pm
India Insure Acquires Safe Risk Insurance Brokers for Rs. 84.82 Crore
AI Summary
India Insure Risk Management and Insurance Broking Services Private Limited, a wholly owned subsidiary of IIRM Holdings India Ltd, has acquired Safe Risk Insurance Brokers Private Limited. The acquisition is valued at approximately Rs. 84.82 crore, with a cash component of Rs. 55.12 crore and a consideration other than cash of Rs. 29.71 crore. Safe Risk Insurance Brokers Private Limited is a Bhubaneswar-based company primarily engaged in insurance broking, risk management, and claims consultancy, with a turnover of Rs. 27.78 crore in the financial year 2024-25.
Key Highlights
- India Insure acquires Safe Risk Insurance Brokers for Rs. 84.82 crore
- Acquisition includes a cash component of Rs. 55.12 crore and a consideration other than cash of Rs. 29.71 crore
- Safe Risk Insurance Brokers Private Limited is primarily engaged in insurance broking, risk management, and claims consultancy
- The acquisition is subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI)
- Safe Risk Insurance Brokers Private Limited is a Bhubaneswar-based company with a turnover of Rs. 27.78 crore in the financial year 2024-25