Supra Pacific Financial Services Ltd Launches Corporate Agency Partnerships with Leading Insurance Companies

Supra Pacific Financial Services Limited (BSE: 540168) ("the Company"), a BSE-listed NBFC, is pleased to announce the formal launch of its Corporate Agency partnerships with three leading insurance providers:

- ICICI Lombard General Insurance Company Limited
- Care Health Insurance Limited
- HDFC Life Insurance Company Limited

The launch event was held on 15 September 2025 at the Company's Corporate Office in Ernakulam, graced by the presence of Mr. Joby George, Chairman & Managing Director; Mr. Abidh Abubakkar, Executive Director; Mr. Sandeep Babu, Director; Mr. Balakrishnan R, Business Head; Mr. Raju R, General Manager-Strategy & Communication; and Mr. Deepak Francis, Senior Vice President, along with other senior management members. The event was also attended by Mr. Jaibin Lee James, Key Account Head, HDFC Life Insurance; Mr. Rahul K.R., Deputy Vice President, ICICI Lombard General Insurance; and Mr. Athul Dev Devarajan, Key Account Head, Care Health Insurance.

Impact

This strategic initiative enables the Company to offer a comprehensive suite of life, health, and general insurance products to its clients, thereby:

- Strengthening revenue diversification and operational efficiency
- Enhancing cross-selling opportunities and customer loyalty
- Widening market presence and financial inclusion outreach
- Driving sustainable long-term value for shareholders

The partnerships are expected to significantly contribute to profitability and reinforce the Company's positioning as a one-stop financial services provider. The company has set ambitious revenue targets for its insurance sector business. For FY 2025-26, the business is expected to generate revenues of ₹1.50 crores. This growth trajectory is projected to accelerate significantly, with revenues estimated to reach ₹6.50 crores in FY 2026-27.

Outlook

With India's insurance sector poised for exponential growth, the Company's entry into this segment aligns with its strategy of expansion, customer-centricity, and value creation. The Company has reported notable growth in revenue and net profit for Q1 FY 2025-26, and expects the insurance vertical to further accelerate growth momentum, improve margins, and enhance stakeholder returns.

Shares of Supra Pacific Financial Services Ltd was last trading in BSE at Rs. 37.16 as compared to the previous close of Rs. 36.49. The total number of shares traded during the day was 1842855 in over 5801 trades.

The stock hit an intraday high of Rs. 41.00 and intraday low of 33.30. The net turnover during the day was Rs. 70119076.00.

Source : Equity Bulls

Keywords

SupraPacificFinancialServices INE268T01015 NBFC CorporateAgency Partnerships InsuranceCompanies