Magma HDI General Insurance Company Overview

  • Founded
  • 2009
Founded
  • Status
  • Private
  • Employees
  • 1,000
Employees
  • Latest Deal Type
  • 2ndary - Private
  • Latest Deal Amount
  • $72.1M
Latest Deal Amount
  • Investors
  • 6

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 clients which includes both individual and corporations to secure their assets and thus mitigate risk.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Multi-line Insurance
Primary Office
  • Office number 516 and 517, 5th floor
  • Neelkanth Corporate Park, Plot number 240, 2401/1-8, Kirol Road, Vidyavihar (West)
  • Mumbai, Maharashtra 400086
  • India
+91 022 0000 0000
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Magma HDI General Insurance Company Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Secondary Transaction - Private 16-Mar-2021 $72.1M Completed Profitable
4. Secondary Transaction - Private 01-Mar-2019 Completed Profitable
3. Secondary Transaction - Private 14-Nov-2017 Cancelled Profitable
2. Secondary Transaction - Private 07-Sep-2015 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 Executive Team (7)

Name Title Board Seat Contact Info
Rajive Kumaraswami Chief Executive Officer & Board Member
Vikas Mittal Deputy Chief Executive Officer
Gaurav Parasrampuria Chief Financial Officer
Amit Bhandari Chief Technology Officer
Anand Choudhary Head of Legal and Chief Compliance Officer
You’re viewing 5 of 7 executive team members. Get the full list »

Magma HDI General Insurance Company Board Members (8)

Name Representing Role Since
Jens Wohlthat Magma HDI General Insurance Company Board Member 000 0000
Kailash Bhandari Magma HDI General Insurance Company Board Member 000 0000
Mayank Poddar Magma Fincorp Board Member 000 0000
Rajive Kumaraswami Magma HDI General Insurance Company Chief Executive Officer & Board Member 000 0000
Sanjay Chamria Magma Fincorp Board Member 000 0000
You’re viewing 5 of 8 board members. Get the full list »

Magma HDI General Insurance Company Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-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 (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
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
Serum Institute of India Corporation Minority 000 0000 000000 0
HDI Global Corporation Minority 000 0000 000000 0
You’re viewing 5 of 6 investors. Get the full list »