Shriram Life Insurance Company Ltd
- Unlisted share
- Insurance
- ISIN INE227H01016
At a glance
Income
FY26
₹5,985 Cr
+18.7%on FY25What the company earned in the year, before its costs.
Loss for the year
FY26
₹-26.36 Cr
The company spent more than it earned in the year.
Net worth
FY26
₹891 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
- Shriram Life Insurance Company Ltd
- ISIN
- INE227H01016
- 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 Shriram Life Insurance Company Ltd
Shriram Life Insurance is a Hyderabad-based life insurer, registered with IRDAI in 2005, that sells individual savings, protection and unit-linked plans and group credit-life cover, much of it through the Shriram Group's own lending network; it had 729 branches in March 2026. It was set up as a venture between the Chennai-based Shriram Group and South Africa's Sanlam. During FY2025-26 Sanlam bought out Piramal, TPG and the Shriram Ownership Trust, so that at 31 March 2026 Sanlam held 49.25% and Shriram Capital 46.98%. Its equity is unlisted, but its subordinated debentures are listed on BSE.
Written from: cdn.shriramlife.com, icra.in
Listing status. Equity shares are not listed. Subordinated non-convertible debentures of ₹90 crore, allotted 30 December 2025, are listed on BSE (scrip code 977414). Shriram Life Insurance annual report 2025-26
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
- INE227H01016
- Year incorporated
- 2005
- Registered office
- Hyderabad, Telangana
- Promoters
- Shriram Capital Private Limited (46.98%) and Sanlam Emerging Markets (Mauritius) Limited (49.25%)
- Key people
- Chairman: Bibhu Prasad Kanungo; Managing Director & CEO: Casparus Jacobus Hendrik Kromhout; CFO: Anand Soni
- Face value per share
- ₹10
- Equity shares outstanding
- 18,18,39,792 shares
- CIN
- U66010TG2005PLC045616
- Official website
- shriramlife.com
Read from: Shriram Life Insurance 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
-3%
For every ₹100 of the owners' money, the company lost ₹3 in the year.
Debt to equitycalculated
0.1×
The company has borrowed ₹0.1 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 18,18,39,792
- EPS
- ₹-1.46
- Book value per share
- ₹48.99
- 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
Shriram Life 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: ₹3,088 Cr to ₹5,985 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹156 Cr to ₹-26.36 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Gross premium income | 2,546.4 | 3,507.54 | 4,216.43 | 4,966.84▲18% |
| Total income, policyholders' account | 3,087.99 | 4,340.4 | 5,042.6 | 5,985.38▲19% |
| Profit/(loss) before tax, shareholders' account | 163.36 | 145.82 | 70.18 | -17.32▼125% |
| Profit/(loss) after tax | 155.99 | 137.71 | 65.55 | -26.36▼140% |
| Earnings per share (basic) (₹) | 8.7 | 7.68 | 3.65 | -1.46▼140% |
| Payments to policyholders | 764.04 | 937.4 | 1,348.09 | 1,906.97▲41% |
| Income from investments, policyholders' account (net) | 522.4 | 812.18 | 836.43 | 965.83▲15% |
| Net premium income (net of reinsurance) | 2,538.86 | 3,499.31 | 4,148.92 | 4,865.07▲17% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Shriram Life Insurance annual report 2025-26.
Credit rating. Crisil AA- (Stable) on the subordinated debentures (ISIN INE227H08011), new rating dated 5 May 2026; ICRA assigned [ICRA]AA- (Stable) to a ₹100 crore subordinated debt programme on 18 December 2025 (May 2026) Company intimation to BSE on credit rating
Ownership
Shareholding pattern
Who owns the company
49.3%Promoter (foreign): Sanlam Emerging Markets (Mauritius) Limited
- Largest holder
- 49.3%
- Top 3 together
- 100.0%
- Holders named
- 3
- Promoter (foreign): Sanlam Emerging Markets (Mauritius) Limited49.25%
- Promoter (Indian): Shriram Capital Private Limited46.98%
- Others, domestic3.76%
- Total99.99%
Read from: Shriram Life Insurance annual report 2025-26
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| 24 Jun 20261,90,41,203 shares of ₹10 each allotted at ₹116 to Sanlam Emerging Markets (Mauritius) Limited after IRDAI and Competition Commission approvals. | Preferential allotment | Equity shares | ₹116 | ₹221 Cr | cdn.shriramlife.com |
| 30 Apr 202677,58,621 shares of ₹10 each allotted at ₹116 to R Thyagarajan and D V Ravi, holding in trust for Shriram Ownership Trust. | Preferential allotment | Equity shares | ₹116 | ₹90 Cr | cdn.shriramlife.com |
| 30 Dec 20259,000 debentures of ₹1 lakh each at a fixed 9.55% coupon, listed on BSE, with a call option after five years. | Private placement | Subordinated non-convertible debentures | ₹1,00,000 | ₹90 Cr | cdn.shriramlife.com |
Read from: Company intimation to BSE, 25 June 2026, Company intimation to BSE, 1 May 2026, Shriram Life Insurance annual report 2025-26
Leadership
Management
Bibhu Prasad Kanungo
Chairman
Casparus Jacobus Hendrik Kromhout
Managing Director & CEO
Anand Soni
Chief Financial Officer
Manoj Kumar Jain
Managing Director
Karanam Ramachandra Sekhar
Managing Director
Akhila Srinivasan
Director
Subhasri Sriram
Director
Akanksha Sharma
Company Secretary
Read from: Shriram Life Insurance annual report 2025-26
Corporate calendar
Events
- 26 Jun 2026AGM21st AGM adopted FY2025-26 accounts, appointed a Sanlam nominee director and amended the articles of associationOpen
- 24 Jun 2026Share allotmentShares worth about ₹220.88 crore allotted to Sanlam Emerging Markets (Mauritius) at ₹116 eachOpen
- 5 May 2026Credit ratingCrisil Ratings assigned AA- (Stable) to the company's listed subordinated debenturesOpen
- 30 Apr 2026Share allotmentShares worth about ₹90 crore allotted to the Shriram Ownership Trust at ₹116 each, after IRDAI approvalOpen
- 13 Apr 2026EGMShareholders approved a ₹310.88 crore preferential issue to Shriram Ownership Trust and Sanlam, and re-appointed the MD & CEO to November 2027Open
- 23 Mar 2026Regulator approvalIRDAI approved Sanlam's purchase of Piramal Finance's shares in the company; an earlier approval of 20 February 2026 covered the Shriram Ownership Trust and TPG stakesOpen
- 18 Mar 2026Board meetingBoard approved raising up to ₹150 crore through listed subordinated debenturesOpen
- 30 Dec 2025Debt issue₹90 crore of subordinated debentures allotted and later listed on BSEOpen
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 Shriram Life Insurance Company Ltd on WhatsAppIs the price shown for Shriram Life Insurance Company Ltd 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 Shriram Life Insurance Company Ltd 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 Shriram Life Insurance Company Ltd 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.
Similar stocks
More in Insurance
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 Shriram Life Insurance Company Ltd. 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.