Bharti Axa Life Insurance Company Ltd
About
Bharti Axa Life Insurance Company began in 2006 as a joint venture between Bharti Group, with 74% ownership, and Axa Group, with 26% ownership. As a life insurance company, it offers savings plans, term insurance, unit-linked insurance plans, and life insurance. Bharti Life Ventures Private Limited (BLVPL) currently holds a 100% stake in the company. Bharti Axa is present in more than 200 offices all over India and is led by Parag Raja. The company assures a sum of ₹1,38,800 cr and has paid up 99.01% of its claims as per the latest annual audited statistics sent to the Insurance Regulatory and Development Authority of India (IRDAI) for FY24. The company also won the Product of the Year 2021 at the Customer Fest Leadership Awards 2022 for its Bharti Axa Life Guaranteed Wealth Pro offering.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4591 14.7% | 4004 -4.6% | 4196 18.3% | 3548 26.2% | 2812 52.1% | 1849 38.1% | 1339 -24.9% | 1783 31.2% | 1359 - |
| Net Operating Income (INR Cr) | 4356 17.94% | 3693 -4.59% | 3871 18.02% | 3280 29.93% | 2524 0.00% | 1778 40.09% | 1269 -25.73% | 1709 42.94% | 1195 0.00% |
| Profit (INR Cr) | -146 - | -203 - | -342 - | -154 - | -215 - | -121 - | -111 - | -121 - | -160 - |
| Assets (INR Cr) | 15838 18.7% | 13338 17.3% | 11371 20.2% | 9461 29.8% | 7291 93.2% | 3773 22.9% | 3069 2.8% | 2987 24.9% | 2391 - |
| Net Worth (INR Cr) | 496 -2.2% | 507 17.9% | 430 -0.5% | 432 10.5% | 391 0.0% | 233 -0.1% | 234 29.9% | 180 20.7% | 149 0.0% |
| Employee Cost (INR Cr) | 422 -16.7% | 507 14.4% | 443 29.4% | 342 20.0% | 285 30.8% | 218 4.9% | 208 5.3% | 197 9.8% | 180 - |
| Interest Cost (INR Cr) | 0 | 0 | 0 | 5 | 4 | 1 | 1 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 150 | 134 | 185 | 93 | 226 | 114 | 87 | 67 | 69 |
| Total Debt (INR Cr) | 110 | 60 | 60 | 0 | 60 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - |
| RONW | - | - | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |