Go Digit General Insurance Ltd

Go Digit General Insurance Limited (GDGIL) was incorporated as Oben General Insurance Limited' at Pune, Maharashtra on December 7, 2016 with the Registrar of Companies. Subsequently, name of the Company was changed to Go Digit General Insurance Limited', and a fresh Certificate of Incorporation was issued by the ROC on June 12, 2017. The Company is a subsidiary of Go Digit Infoworks Services Private Limited (GDISPL). GDGIL is promoted by Kamesh Goyal and FAL Corporation. FAL is wholly owned subsidiary of Fairfax Financial Holdings Limited (FFHL), which is a Canadian based holding Company primarily engaged in property and casualty insurance, reinsurance and the associated investment management. The Company provides motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products, to meet customers needs. The technology platform supports product design by enabling the incorporation of a modular product architecture and provides the backbone in application program interfaces (API), applications, portals and website conveniently. It is one of the first non-life insurers in India with complete operations on cloud and has developed application programming interface (API) integrations with several channel partners. Besides this, it utilize artificial intelligence and machine learning to increase automated processing in applications and claims. The Company was the first insurers in India to offer customizable insurance for flights delayed for at least 60 minutes, coverage period and payment schedule, group illness insurance covering COVID-19 hospitalization costs. It also introduced 100% automated travel insurance and provided 90 minutes flight delay cover. The Company was incorporated to undertake General Insurance business with registration number 158 and subsequently commenced operations in October 2017. Since the start of insurance operations, it launched different products, of which 56 were active as of March 31, 2022. It offered travel insurance, including flight delay and cancellation protection, as well as coverage for baggage losses. Approved by the IRDAI in March 2018, it developed an unbundled mobile insurance offering to purchase coverage for specific issues with their mobile device while avoiding the need to pay for more expensive coverage options. The Company made an Initial Public Offer by issuing 9,61,26,686 Equity Shares of face value of Rs 10 each by raising funds aggregating to Rs 2615 Crores comprising a Fresh Issue of 4,13,60,294 Equity Shares aggregating to Rs 1125 Crore and 54,766,392 Equity Shares aggregating to Rs. 1490 Crores through Offer for Sale in May, 2024. .In FY 2025, Assets Under Management (AUM) increased by 25% to Rs 19,703 Crore, to generate long-term returns. Gross Written Premium (GWP) of the Company grew by 14.0% to Rs 10,282 crore. Profit After Tax rose by 133.5% to Rs 425 crore. During FY 2026, Gross direct premium income crossed Rs 3.5 trillion from 3 trillion in FY25. Gross Written Premium grew 9.8% to Rs 11,294 crore, while Profit After Tax grew 28% to Rs 544 crore. Assets Under Management grew 16.3% to Rs 22,922 crore. The Board of Directors of the Company, at its meeting held on December 19, 2025 have approved the Scheme of Amalgamation amongst Go Digit Infoworks Services Private Limited (GDISPL) and the Company and their respective shareholders under the Companies Act, 2013.