IIRM Holdings India Ltd. – Company Report
1. Company Overview
IIRM Holdings India Ltd., incorporated in 1992 and headquartered in Hyderabad, operates as a diversified holding company with a primary emphasis on insurance distribution, wellness services, staffing, and skill development. Formerly known as Sudev Industries Limited, the company was acquired and rebranded in 2023 under the leadership of Mr. V. N. R. Ramakrishna, who serves as Managing Director and Chairman.
The company has a strong presence across India, Southeast Asia, and Africa, operating through group entities in Singapore, Sri Lanka, Maldives, and Kenya. IIRM Holdings handles over USD 195 million in annual insurance premiums and emphasizes stakeholder alignment by offering equity stakes to senior and long-tenured employees.
- Incorporated: 1992
- Headquarters: Hyderabad, India
- Managing Director & Chairman: V. N. R. Ramakrishna
- Employees: 500+
- Market Cap (July 2025): ~₹534 crore
- Presence: India, Singapore, Sri Lanka, Maldives, Kenya
- Regulatory Status: Subsidiaries regulated locally
- Annual Insurance Premium Managed: USD 195+ million
- Key Sectors: Insurance distribution, risk management, wellness, skill development
2. Products and Services
IIRM Holdings operates through group companies to offer a diversified portfolio of services, primarily centered around insurance and allied industries.
Insurance & Reinsurance Distribution
- Commercial, personal, and specialty insurance lines
- Reinsurance broking for domestic and global markets
- Risk and lender’s insurance advisory
- Property, engineering, employee benefits, and liability coverage
Wellness & Staffing Services
- Corporate wellness solutions for insurers
- Skill development & staffing for insurance and finance
- BPO, HR, and technology services supporting insurers and brokers
Group Entities & International Reach
- Sampada Business Solutions Ltd – insurance & risk services in Asia & Africa
- IIRM Shared Services – HR, BPO, tech
- IIRM Singapore, Kenya, Maldives – regulated brokerage operations
Clientele & Positioning
- Serves insurers, brokers, corporates, SMEs, and retail clients
- Known for ethical standards and long-term industry relationships
- Focus on product innovation and global expansion
3. Recent News and Financial Performance
Business Developments
- Acquired controlling stakes in insurance businesses across Asia and Africa to fuel international growth
- Upgrading BPO and compliance tech to serve insurers and brokers more efficiently
- Preparing to launch new digital insurance products and enhance consulting capabilities
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹219 crore | 23.03% |
| Net Profit | ₹22 crore | 29.41% |
| Operating Profit | ₹46 crore | - |
| Operating Profit Margin | 21% | Healthy |
| Earnings Per Share (EPS) | ₹3.17 | Notable Increase |
| Debt Status | Debt-Light | Maintained |
| Dividend | Not Declared | - |