Magma HDI General Insurance Company Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Private

  • Employees
  • 1,318

Employees

  • Latest Deal Type
  • M&A
  • (Cancelled)

  • Investors
  • 8

Magma HDI General Insurance Company General Information

Description

Provider of insurance services intended to address the growing insurance needs of the Indian community. The company's services include general insurance, property insurance, motor insurance, liability insurance, fire insurance, engineering insurance and marine insurance, enabling both individuals and corporations to secure their assets and thus mitigate risk.

Contact Information

Website
magmahdi.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Multi-line Insurance
Corporate Office
  • Equinox Business Park, Tower 3, 2nd Floor
  • Unit Number 1B and 2B, LBS Marg, Kurla West
  • Mumbai, Maharashtra 400070
  • India
+91 022 0000 0000

Magma HDI General Insurance Company Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Magma HDI General Insurance Company Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Merger/Acquisition 18-May-2022 Cancelled Profitable
9. Secondary Transaction - Private 03-Nov-2021 0000 00000 Completed Profitable
8. Later Stage VC 17-Jun-2021 00.000 0000 000.00 Completed Profitable
7. Secondary Transaction - Private 16-Mar-2021 000.00 000.00 Completed Profitable
6. Later Stage VC 22-May-2019 000.00 000.00 000.00 Completed Profitable
5. Secondary Transaction - Private 01-Mar-2019 00.000 Completed Profitable
4. Secondary Transaction - Private 14-Nov-2017 Cancelled Profitable
3. Secondary Transaction - Private 07-Sep-2015 00.000 Completed Generating Revenue
2. Later Stage VC 29-Jul-2015 $7.86M $7.86M 000.00 Completed Generating Revenue
1. Joint Venture 26-Jun-2009 Completed Generating Revenue
To view Magma HDI General Insurance Company’s complete valuation and funding history, request access »

Magma HDI General Insurance Company Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Ordinary Shares 00,000,000 00.000000 00.00 00.00 00 00.00 0.000
Ordinary Shares 00,000,000 00.000000 00.00 00.00 00 00.00 00.000
To view Magma HDI General Insurance Company’s complete cap table history, request access »

Magma HDI General Insurance Company Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of insurance services intended to address the growing insurance needs of the Indian community. The company's se
Multi-line Insurance
Mumbai, India
1,318 As of 2023
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000000

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00000-0000 000000000
Mumbai, India
00000 As of 0000
00000 0000-00-00
00000000000

00 000

nim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea comm
00000-0000 000000000
Bengaluru, India
0000 As of 0000
00000
00.000 0000-00-00
00000000 00000
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Magma HDI General Insurance Company Competitors (14)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Universal Sompo General Insurance Company Corporate Backed or Acquired Mumbai, India 00000 00000000000
Go Digit General Insurance Formerly Angel backed Bengaluru, India 0000 00000 00000000 00000
PolicyBoss Private Equity-Backed Pune, India 0000 000.00 0000000 0000 000.00
HDFC ERGO General Insurance Company Private Equity-Backed Mumbai, India 00000 000000000000
Cholamandalam MS General Insurance Company Corporate Backed or Acquired Chennai, India 00000 00000000000
You’re viewing 5 of 14 competitors. Get the full list »

Magma HDI General Insurance Company Executive Team (13)

Name Title Board Seat Contact Info
Rajive Kumaraswami Co-Founder, Chief Executive Officer, Managing Director & Board Member
Vikas Mittal Co-Founder & Deputy Chief Executive Officer
Gaurav Parasrampuria Chief Financial Officer & Board Member
Amit Bhandari Chief Technical Officer
Amit Thapliyal Chief Technology Officer
You’re viewing 5 of 13 executive team members. Get the full list »

Magma HDI General Insurance Company Board Members (12)

Name Representing Role Since
Gaurav Parasrampuria Magma HDI General Insurance Company Chief Financial Officer & Board Member 000 0000
Jens Wohlthat Magma HDI General Insurance Company Non-Executive Vice Chairman 000 0000
Kailash Bhandari Magma HDI General Insurance Company Board Member 000 0000
Mayank Poddar Poonawalla Fincorp Board Member 000 0000
Rajive Kumaraswami Magma HDI General Insurance Company Co-Founder, Chief Executive Officer, Managing Director & Board Member 000 0000
You’re viewing 5 of 12 board members. Get the full list »

Magma HDI General Insurance Company Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Magma HDI General Insurance Company Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Sanoti Properties Corporation Minority 000 0000 000000 0
NHPEA Trisul Holding Corporation Minority 000 0000 000000 0
Cyza Chem Private Limited Corporation Minority 000 0000 000000 0
ICICI Venture Asset Manager Minority 000 0000 000000 0
Morgan Stanley Private Equity Asia PE/Buyout Minority 000 0000 000000 0
You’re viewing 5 of 8 investors. Get the full list »

Magma HDI General Insurance Company FAQs

  • When was Magma HDI General Insurance Company founded?

    Magma HDI General Insurance Company was founded in 2009.

  • Who is the founder of Magma HDI General Insurance Company?

    Rajive Kumaraswami and Vikas Mittal are the founders of Magma HDI General Insurance Company.

  • Who is the CEO of Magma HDI General Insurance Company?

    Rajive Kumaraswami is the CEO of Magma HDI General Insurance Company.

  • Where is Magma HDI General Insurance Company headquartered?

    Magma HDI General Insurance Company is headquartered in Mumbai, India.

  • What is the size of Magma HDI General Insurance Company?

    Magma HDI General Insurance Company has 1,318 total employees.

  • What industry is Magma HDI General Insurance Company in?

    Magma HDI General Insurance Company’s primary industry is Multi-line Insurance.

  • Is Magma HDI General Insurance Company a private or public company?

    Magma HDI General Insurance Company is a Private company.

  • What is Magma HDI General Insurance Company’s current revenue?

    The current revenue for Magma HDI General Insurance Company is 000000.

  • How much funding has Magma HDI General Insurance Company raised over time?

    Magma HDI General Insurance Company has raised $33M.

  • Who are Magma HDI General Insurance Company’s investors?

    Sanoti Properties, NHPEA Trisul Holding, Cyza Chem Private Limited, ICICI Venture, and Morgan Stanley Private Equity Asia are 5 of 8 investors who have invested in Magma HDI General Insurance Company.

  • Who are Magma HDI General Insurance Company’s competitors?

    Universal Sompo General Insurance Company, Go Digit General Insurance, PolicyBoss, HDFC ERGO General Insurance Company, and Cholamandalam MS General Insurance Company are some of the 14 competitors of Magma HDI General Insurance Company.

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