IIRM Holdings India

What IIRM Holdings India does

IIRM Holdings India Limited (BSE: 526530) is a publicly listed Indian company that, following its September 2023 acquisition of a 99.93% stake in Sampada Business Solutions Private Limited for INR 2.3 billion, operates in the insurance sector across three verticals: Construction, Property, and Retail insurance. The company reported Q2 revenue of INR 596.20 million, representing 24% year-over-year growth materially above the 1.80% growth of the broader Indian insurance industry, though net profit declined 31% YoY to INR 52.10 million.

The company's core platform is a planned B-2-B-2-C (business-to-business-to-consumer) insurance distribution tech stack scheduled for Q4 launch, designed to enable multi-channel insurance distribution across its three verticals. The technology is positioned around integration and interoperability rather than proprietary AI/ML capabilities. Segment focus includes Construction and Property insurance (driving revenue growth) and Retail insurance (a stated growth driver), with no publicly disclosed individual branded products, pricing models, or named service offerings.

Revenue mechanics, pricing, and customer acquisition channels are not disclosed in public sources. The company's capital structure includes subsidiary-level nondisclosed debt instrument (NCD) issuances of up to INR 650 million planned for 2026 to support growth. Operational data is limited: headcount is reported as 1–10, which is inconsistent with disclosed revenue and suggests a distributed or outsourced operating model. The company has signaled appetite for further acquisitions as part of an expansion strategy.

Name

IIRM Holdings India

Legal name

IIRM Holdings India Limited

Website

https://www.iirmholdings.in/

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

IIRM Holdings India is a publicly listed Indian company operating in the insurance sector across Construction, Property, and Retail insurance segments, with a planned B-2-B-2-C distribution tech stack and a major acquisition of Sampada Business Solutions.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro industry

PRIMARYFSAJACAI

Equipment Breakdown / Boiler & Machinery Insurance

Financial & Insurance/Insurance — Motor, Property & Casualty/Property Insurance (Homeowners, Renters & Commercial Property)

Keywords

• Insurance distribution
• Construction insurance
• Property insurance
• Retail insurance
• B2B2C tech platform

Headquarters

HQ city

Bulandshahr

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Core offering

IIRM Holdings India operates as an insurance sector company providing coverage across Construction, Property, and Retail insurance segments. The company is building a B-2-B-2-C tech stack to enable technology-enabled multi-channel insurance distribution, allowing it to serve both businesses and consumers through integrated distribution partners.

Product overview

IIRM Holdings India is an insurance sector company operating in the Construction, Property, and Retail insurance segments. The company has pursued strategic expansion through acquisitions, including acquiring a 99.93% stake in Sampada Business Solutions Private Limited for INR 2.3 billion. The company announced plans to expand its retail business and launch a B-2-B-2-C tech stack. However, detailed information about individual branded products, modules, or named service offerings is not available in the provided source data.

Differentiator

Problem solved

Functional benefit

Products and services

• B-2-B-2-C Tech Stack Planned technology platform enabling business-to-business-to-consumer insurance distribution, allowing multi-channel insurance delivery across Construction, Property, and Retail insurance segments.
• Construction and Property Insurance

Quantifiable outcome

• Revenue growth of 24% year-over-year, outpacing industry growth of 1.80%

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Sampada Business Solutions Private LimitedcoreStrategic or Co-development Partner · 4 September 2023IIRM Holdings India Limited agreed to acquire a 99.93% stake in Sampada Business Solutions Private Limited for INR 2.3 billion. This represents a strategic acquisition to expand business operations.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• ICICI Lombard General Insurance: One of India's largest private-sector general insurers offering motor, health, property, and commercial lines. Comparable to IIRM Holdings India as a property and casualty insurer operating across multi-segment distribution in the Indian market, but at materially greater scale.
• HDFC ERGO General Insurance: Major Indian general insurer offering property, motor, health, and commercial insurance through multi-channel distribution. Directly comparable in property and retail insurance segments targeted by IIRM Holdings India.
• Bajaj Finserv (Insurance): Diversified Indian financial services group with significant general insurance operations. Comparable as a multi-segment insurance and lending platform in India pursuing multi-channel distribution.
• SBI General Insurance: Subsidiary of State Bank of India offering multi-line general insurance through extensive banking and partner channels. Comparable for multi-segment insurance distribution at scale across the Indian market.
• New India Assurance: India's largest state-owned general insurer offering property, motor, and commercial lines including construction risk coverage. Comparable for property and construction insurance exposure within the Indian market.
• Reliance General Insurance: Multi-line Indian general insurer backed by Reliance Group, distributing property, motor, health, and commercial insurance through agency and partner channels. Comparable for multi-segment general insurance distribution in India.

Regional players

• Star Health & Allied Insurance: India's largest standalone health insurer with multi-channel distribution including retail and bancassurance. Comparable as an Indian retail-focused insurer leveraging distribution partnerships, though specialized in health rather than property/construction.

Direct peers

• Go Digit General Insurance: Tech-enabled Indian general insurer emphasizing digital distribution across motor, property, and commercial lines. Closely comparable to IIRM Holdings India given technology-led distribution model and multi-segment general insurance positioning.
• Acko General Insurance: India's leading insurtech general insurer focused on digital-first distribution across motor, health, and retail lines. Comparable as a B-2-B-2-C style partner-channel insurer using technology to scale distribution efficiently.

Emerging players

• PolicyBazaar (PB Fintech): India's largest online insurance aggregator connecting consumers and businesses to multiple insurers. Comparable as a technology-enabled insurance distribution platform targeting retail and commercial segments in India.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sudev-industries-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IIRM Holdings India