Total Networth

9,638.4 Cr.

A public sector undertaking owned by the Ministry of Finance, the New India Assurance Company Limited is India’s largest nationalised general insurance provider. Founded over 100 years ago, in 1919, the New India Assurance Company Limited was originally a subsidiary of the GIC. However, it became autonomous when the GIC became GIC Re (a reinsurance company). One of the many emerging institutional investors in the Indian stock market to keep an eye on, the New India Assurance Company currently has a portfolio net worth of around Rs.12,000 crores as of February 2024. The company’s holdings are spread across 36 companies from key sectors like food, automobiles & auto components, general industrials, diversified consumer services and fertilisers. The top portfolio value adders to the New India Assurance Company’s portfolio include ITC Ltd., Bosch Ltd., MRF Ltd., National Fertilisers Limited, GIC Housing Finance Ltd, Lakshmi Automatic Loom Works Ltd and India Radiators Ltd.