Tata AIG company logo

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tataaig.com

Founded Year

2001

About Tata AIG

Tata AIG is an Insurance company. The company offers various individual and business insurance needs. It provides insurance services for Home, Motor, Travel, Health, Rural-Agriculture. It is based in Mumbai, Maharashtra.

Tata AIG Headquarter Location

Tower A, Peninsula Business Park, G. K. Marg, Lower Parel 15th Floor

Mumbai, 400013,

India

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Latest Tata AIG News

Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap

Mar 27, 2022

Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap Tata AIG, ICICI Lombard and Nippon Life are among prominent Indian and foreign financial companies joining the race for the profit-making insurance arms of Reliance Capital, which was least put under administration due to defaults and governance issues. The last day to submit expression of interest (EOI) was extended by two weeks to March 25 to give access to the latest information before they make financial bids. HDFC Ergo, Bandhan Financial Holdings, Cholamandam Investment, Adani Finserv, Yes Bank, OakTree Capital, Blackstone, New Quest, Indusind International, Brookfield, TPG, Zurich Insurance Group, Ares SSG Capital, ArpWood Partners, Capri Global Holdings, Edelweiss Alternative, International Asset Reconstruction Company, JC Flower, Motilal Oswal Financial Services, Square Four Housing, UV Multiple Asset Investment have also submitted their expression of interest. The earlier date to submit the EOI was March 11 but it was extended following request by some prospective bidders. According to the sources, the vast majority of the bidders who have submitted EOIs bid for the entire company. Others have bid for one or more subsidiaries of Reliance Capital . Bidders have two options: they can either bid for the entire Reliance Capital or any one or more than one of the eight clusters (subsidiaries of Reliance Capital). Reliance Capital subsidiaries include Reliance General Insurance, Reliance Nippon Life Insurance, Reliance Securities, Reliance Asset Reconstruction Company, Reliance Home Finance and Reliance Commercial Finance. Last November, the Reserve Bank of India (RBI) superseded the board of Reliance Capital and appointed Nageswara Rao Y as the company’s administrator. RBI subsequently filed an application for initiation of CIRP against the company at the Mumbai bench of the National Company Law Tribunal (NCLT). In February this year, the RBI appointed administrator invited EOI for sale of Reliance Capital. The financial bids are expected by May. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Digital Editor

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  • When was Tata AIG founded?

    Tata AIG was founded in 2001.

  • Where is Tata AIG's headquarters?

    Tata AIG's headquarters is located at Tower A, Peninsula Business Park, G. K. Marg, Lower Parel, Mumbai.

  • Who are Tata AIG's competitors?

    Competitors of Tata AIG include Digit Insurance and 1 more.

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