HDFC Ergo General Insurance Limited
- Unlisted share
- Insurance
- ISIN INE225R01027
At a glance
Income
FY26
₹15,769 Cr
−2.8%on FY25What the company earned in the year, before its costs.
Profit
FY26
₹813 Cr
+62.6%on FY25What was left after every cost and tax was paid.
Net worth
FY26
₹5,460 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- HDFC Ergo General Insurance Limited
- ISIN
- INE225R01027
- Sector
- Insurance
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About HDFC Ergo General Insurance Limited
HDFC ERGO is a Mumbai-based general insurer that sells motor, health, crop, fire, marine and other non-life cover to individuals and businesses through 256 branches and digital channels; it wrote about ₹15,769 crore of gross premium in FY2025-26. It is a joint venture in which HDFC Bank holds 50.33% and ERGO International AG, part of Germany's Munich Re group, holds 49.46%, with the small balance held by employees through stock options. Its equity shares are not listed, but its subordinated debentures are listed on BSE.
Written from: customer-portal-assets.hdfcergo.com
Listing status. Equity shares are not listed on any stock exchange; only the non-convertible debentures are listed, on the debt segment of BSE Annual Report 2025-26 (general shareholder information)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Insurance
- ISIN
- INE225R01027
- Year of incorporation
- 2007
- Registered and corporate office
- Mumbai, Maharashtra
- Promoters
- HDFC Bank Limited (50.33%) and ERGO International AG (49.46%)
- Key people
- Chairman: Keki M. Mistry; Managing Director & CEO: Parthanil Ghosh (from 16 April 2026); Deputy Managing Director: Samir H. Shah; CFO: Ashok Kumar Tyagi
- Permanent employees
- 10,976 people
- Face value per equity share
- ₹10
- Equity shares issued and paid up
- 72,58,29,006 shares
- CIN
- U66030MH2007PLC177117
- Official website
- hdfcergo.com
Read from: Annual Report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Return on equitycalculated
14.9%
For every ₹100 of the owners' money, the company made ₹14.9 of profit in the year.
Debt to equitycalculated
0.26×
The company has borrowed ₹0.26 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 72,58,29,006
- EPS
- ₹11.2
- Book value per share
- ₹75.22
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
HDFC ERGO General Insurance Company Limited. As published in the company's audited reports. GrowFast has not audited them.
Income, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹16,873 Cr to ₹15,769 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹653 Cr to ₹813 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Gross written premium | 16,873.14 | 18,801.7 | 16,229.43 | 15,768.76▼3% |
| Profit before tax | 868.45 | 578.35 | 663.93 | 1,079.62▲63% |
| Profit after tax | 652.66 | 437.67 | 500.17 | 813.12▲63% |
| Earnings per share (basic) (₹) | 9.16 | 6.12 | 6.94 | 11.2▲61% |
| Net premium income (net of reinsurance) | 8,880.84 | 10,438.6 | 7,172.24 | 6,505.94▼9% |
| Operating profit / (loss) from insurance business | 672.7 | 284.63 | 321.72 | 800.13▲149% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Annual Report 2025-26 (five-year summary of financial statements).
Credit rating. ICRA AAA/Stable and Crisil AAA/Stable on subordinated non-convertible debentures (reaffirmed during FY2025-26) (FY2025-26) Annual Report 2025-26 (Directors' Report)
Ownership
Shareholding pattern
Who owns the company
50.3%Promoter (Indian): HDFC Bank Limited
- Largest holder
- 50.3%
- Top 3 together
- 100.0%
- Holders named
- 3
- Promoter (Indian): HDFC Bank Limited50.33%
- Promoter (Foreign): ERGO International AG49.46%
- Others (Indian; shares issued under the employee stock option plan)0.21%
- Total100.00%
Read from: Annual Report 2025-26 (Schedule 5A)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| 17 Mar 202532,500 unsecured, listed, subordinated debentures of ₹1 lakh each at an 8.20% coupon, redeemable in March 2035. | Private placement | Subordinated non-convertible debentures | ₹1,00,000 | ₹325 Cr | customer-portal-assets.hdfcergo.com |
| 31 Aug 20248,719,069 equity shares of ₹10 each allotted to existing shareholders on a rights basis at ₹654 per share (₹644 premium). | Rights issue | Equity shares | ₹654 | Not stated | customer-portal-assets.hdfcergo.com |
| 26 Sept 202332,000 unsecured, listed, subordinated debentures of ₹1 lakh each at an 8.15% coupon, redeemable in September 2033. | Private placement | Subordinated non-convertible debentures | ₹1,00,000 | ₹320 Cr | customer-portal-assets.hdfcergo.com |
Read from: Annual Report 2024-25, Annual Report 2025-26
Leadership
Management
Keki M. Mistry
Chairman
Parthanil Ghosh
Managing Director & CEO (w.e.f. April 16, 2026)
Samir H. Shah
Deputy Managing Director (w.e.f. April 16, 2026)
Ashok Kumar Tyagi
Chief Financial Officer (w.e.f. April 16, 2026)
Renu Sud Karnad
Non-Executive Director
Theodoros Kokkalas
Non-Executive Director
Edward Ler
Non-Executive Director
Shubhradip Bose
Company Secretary (w.e.f. July 13, 2025)
Ankur Bahorey
Director & Chief Business Officer
Read from: Annual Report 2025-26
Corporate calendar
Events
- 24 Jul 2026AGMNineteenth annual general meeting held in MumbaiOpen
- 16 Apr 2026Management changeParthanil Ghosh took over as MD & CEO from Anuj Tyagi; Samir H. Shah became Deputy MD and Ashok Kumar Tyagi CFOOpen
- 14 Mar 2026DividendBoard approved an interim dividend of ₹3 per share for FY2025-26Open
- 30 Jul 2025AGMEighteenth annual general meetingOpen
- 17 Mar 2025Debt issueAllotted ₹325 crore of 8.20% subordinated debentures by private placementOpen
- 31 Aug 2024Rights issueAllotted 87,19,069 equity shares at ₹654 each on a rights basisOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about HDFC Ergo General Insurance Limited on WhatsAppIs the price shown for HDFC Ergo General Insurance Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my HDFC Ergo General Insurance Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell HDFC Ergo General Insurance Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by HDFC Ergo General Insurance Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.