MAM
Capri Global Capital receives corporate agency license from IRDAI
Mumbai: Capri Global Capital Limited (CGCL) has received a Composite Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute life, general, and health insurance products. This will help CGCL further diversify its product offerings and strengthen its fee income.
CGCL aims to leverage its robust branch network in north and west India to cross-sell insurance products. CGCL shall offer tailored insurance solutions to its borrower clients giving them an option to cover themselves comprehensively against life and non-life risks.
CGCL offers retail loans in MSME, affordable housing, and gold loan segments. The company mainly lends to borrowers in the self-employed non-professional category. CGCLs consolidated AUM stood at Rs123.6 bn (59 per cent YoY) as of September 2023. The non-interest income for half-year ended Sep23 was Rs1, 607mn (58 per cent YoY).
Speaking on the occasion, CGCL MD & CEO Rajesh Sharma stated, CGCLs active client base increased 5x YoY to 270 K as of September 2023.The rapidly increasing client relationships offers CGCL a captive base to improve insurance penetration and contribute to the Insuring India by 2047 mission. This will also help CGCL strengthen its fee income and deliver better returns to its stakeholders. The company expects to generate a net fee income of Rs 200 mn from insurance cross-sell in FY25.
MAM
Time brings TIME100 Next franchise to India with Reliance
List to spotlight 100 emerging leaders, gala set for December 2026 in Mumbai.
MUMBAI: It’s about time India’s next wave got a global spotlight and now, it’s on the list. New York-headquartered Time is expanding its TIME100 Next franchise to India, partnering with Reliance Industries Limited to launch TIME100 Next India, its first international extension of the rising leaders platform. The announcement was made at the Time100 Gala in New York by Jessica Sibley and Nita Mukesh Ambani, signalling a strategic push to tap into India’s growing influence across sectors.
The India edition will recognise 100 emerging leaders from the country and the global Indian diaspora, spanning business, science, sports, arts and social impact. The list will be curated by Time’s editorial team and published online, continuing the franchise’s focus on identifying individuals shaping the future.
The initiative will culminate in a gala event scheduled for December 2026 at the Nita Mukesh Ambani Cultural Centre, anchoring the platform within India’s cultural and business ecosystem.
TIME’s broader Time100 franchise has steadily expanded its global footprint since 2021 through events and impact-led initiatives. Executives noted that India’s growing pool of influential voices and innovators made it a natural next step for the platform’s international ambitions.
For Reliance, the partnership aligns with its broader push to support emerging talent and ideas on a global stage. For Time, it marks a timely bet on India not just as a market, but as a talent engine shaping the next chapter of global leadership.
