Royal Sundaram to inject Rs. 65 crore into the Business

Royal Sundaram Alliance Insurance Company Ltd (www.royalsundaram.in ), the first private sector general insurance company to be licensed in India, today announced the infusion of Rs. 65 Crore of additional capital (including premium).

This infusion will be completed by the end of the current financial year, taking the total paid up capital and premium to Rs.275 Crore.

Speaking on the occasion, Managing Director, Ajay Bimbhet said, “We have had a robust growth this year of nearly 25 percent. We will be closing the financial year with premium collection (GWP) more than Rs. 1000 Crore. This injection of the capital will support our plans of continued growth and expansion. Going forward, Royal Sundaram plans to continue keeping its focus on retail business.”