Supra Pacific Financial Services Ltd Launches Corporate Agency Partnerships with Leading Insurance Companies
Supra Pacific Financial Services Limited (BSE: 540168)a BSE-listed NBFC has announced the formal launch of its Corporate Agency partnerships with three leading insurance providers:ICICI Lombard General Insurance Company Limited, Care Health Insurance Limited and HDFC Life Insurance Company Limited.
Mr. Joby George, Chairman & Managing Director; Mr.Abidh Abubakkar, Executive Director; Mr. Sandeep Babu, Director; Mr. Balakrishnan R,Business Head; Mr. Raju R, General Manager-Strategy & Communication; and Mr. DeepakFrancis, Senior Vice President, along with other senior management members were present.
The event was also attended by Mr. Jaibin Lee James, Key Account Head, HDFC Life Insurance; Mr. RahulK.R., Deputy Vice President, ICICI Lombard General Insurance; and Mr. Athul Dev Devarajan, Key Account Head, Care Health Insurance.
This strategic initiative enables the Company to offer a comprehensive suite of life, health, and general insurance products to its clients, thereby Strengthening revenue diversification and operational efficiency, Enhancing cross-selling opportunities and customer loyalty,, Widening market presence and financial inclusion outreachand Driving sustainable long-term value for shareholders.
The partnerships are expected to significantly contribute to profitability and reinforce theCompany’s positioning as a one-stop financial services provider. The company has set ambitious revenue targets for its insurance sector business. For FY 2025-26, the business isexpected to generate revenues of ₹1.50 crores.
This growth trajectory is projected toaccelerate significantly, with revenues estimated to reach ₹6.50 crores in FY 2026-27.
With India’s insurance sector poised for exponential growth, the Company’s entry into thissegment aligns with its strategy of expansion, customer-centricity, and value creation.The Company has reported notable growth in revenue and net profit for Q1 FY 2025-26, andexpects the insurance vertical to further accelerate growth momentum, improve margins, and enhance stakeholder returns.