Image Source: Just Dial
Supra Pacific Financial Services Limited, a notable BSE-listed Non-Banking Finance Company (NBFC), has officially launched its Corporate Agency partnerships with three major insurance entities—ICICI Lombard General Insurance Company Limited, Care Health Insurance Limited, and HDFC Life Insurance Company Limited. The launch event, held at the company’s corporate office in Ernakulam on 15 September 2025, marked a strategic milestone in Supra Pacific’s expansion into the insurance domain and diversification of its financial services portfolio.
Key Highlights of the Corporate Agency Launch:
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Collaboration with three leading insurers broadens product offering across life, health, and general insurance.
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Strategic partnerships aim to enhance revenue diversification and operational efficiency.
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Expected positive impact on cross-selling opportunities and strengthening of customer loyalty.
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Increased market presence and expansion of financial inclusion efforts.
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Revenue targets set ambitiously at ₹1.50 crores for FY 2025-26 and a projected growth to ₹6.50 crores by FY 2026-27.
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Presence of senior management and key executives from Supra Pacific and partner insurance firms underlines the importance of this initiative.
Event and Leadership Presence
The launch was attended by Supra Pacific’s Chairman & Managing Director Mr. Joby George, Executive Director Mr. Abidh Abubakkar, Director Mr. Sandeep Babu, Business Head Mr. Balakrishnan R, General Manager-Strategy & Communication Mr. Raju R, Senior Vice President Mr. Deepak Francis, along with other senior management members. Representatives from the insurance partners, including Mr. Jaibin Lee James (HDFC Life), Mr. Rahul K.R. (ICICI Lombard), and Mr. Athul Dev Devarajan (Care Health Insurance) also participated, reflecting the collaborative spirit driving this initiative.
Strategic Importance and Market Impact
This corporate agency launch is a strategic move by Supra Pacific to diversify its revenue streams beyond traditional NBFC loan products into the lucrative insurance market. By incorporating life, health, and general insurance products under one umbrella of service offerings, the company aims to:
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Strengthen revenue diversification by tapping into a high-growth insurance sector, reducing dependency on lending income streams.
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Boost operational efficiency by leveraging existing customer bases for cross-selling insurance products, enhancing overall profitability.
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Enhance customer loyalty via a more comprehensive suite of financial products meeting varied client needs.
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Increase market footprint and contribute toward greater financial inclusion, particularly in regions where the Company has an established NBFC presence.
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Drive sustainable long-term shareholder value with steady growth in the new business vertical.
Financial Outlook and Growth Projections
Supra Pacific has set clear revenue targets for its insurance vertical, anticipating ₹1.50 crores from the insurance business for FY 2025-26. The company is optimistic about accelerated growth in this stream, projecting revenues to rise substantially to ₹6.50 crores by the next financial year, FY 2026-27. This trajectory aligns with Supra Pacific’s broader growth ambitions and underscores the potential insurance holds for augmenting its financial performance.
Additionally, the firm has reported robust growth in Q1 FY 2025-26 with significant increases in revenue and net profit, further strengthening confidence that the insurance business will enhance margins and stakeholder returns going forward.
Broader Business Context and Expansion Strategy
Supra Pacific Financial Services has been steadily expanding its footprint with a network currently extending across multiple states, encompassing diverse loan portfolios such as gold loans, microfinance, auto loans, and business loans. It is targeting an AUM (Assets Under Management) milestone of ₹1,000 crore by 2027 through expansion plans including branch network growth and new business verticals like insurance.
The corporate agency license and partnerships with top-tier insurance companies represent a calculated step to position Supra Pacific as a one-stop financial services provider with a strong pan-India presence and diversified product range.
Outlook on India’s Insurance Sector
The timing of this move is strategic, as India’s insurance sector is poised for exponential growth, driven by rising an awareness, regulatory support, and increasing demand for both life and health insurance products. Supra Pacific’s foray into this sector aligns with the company’s customer-centric expansion strategy and momentum in building sustainable value for its shareholders.
Source: Company disclosure to the Stock Exchanges
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