(L to R) – V. Balkrishna, CFO, GIC Re, Parshant Kumar Goyal, joint secretary, Department of Financial Services, Finance Minister Nirmala Sitharaman, Hitesh Joshi, executive director, additional charge of CMD, GIC Re , Jayashri B, executive director, GIC Re, at the dividend cheque handing over ceremony in New Delhi on Tuesday
`Received a dividend cheque of Rs 1,445 crore for FY 2024-25 from Shri Hitesh R. Joshi, Chairman and Managing Director – General Insurance Corporation of India,” FM Sitharman had mentioned in her Facebook page
GIC Re had a record profit Rs 6,701.36 crore in FY 25 and had declared a final dividend of Rs 10 per equity share during year
New Delhi: State owned GIC Re has paid Rs 1,445 crore as dividend to the governemnt in FY24-25.
GIC Re’s top management-Hotesh Joshi, acting CMD, GIC Re, Jayashri B., executive director, V. Balkrishna, chief financial officer- had met Finance Minister Nirmala Sitharaman on Tuesday for dividend cheque handing over ceremony.
“Received a dividend cheque of Rs 1,445 crore for FY 2024-25 from Shri Hitesh R. Joshi, Chairman and Managing Director – General Insurance Corporation of India,” Sitharman had mentioned in her Facebook page.
The government holds 85.50 per cent stake in the listed reinsurer.
It had a record profit Rs 6,701.36 crore in FY 25 and had declared a final dividend of Rs 10 per equity share during year.
GIC Re employees’ per capita profit remains highest in the country as it has a manpower base of less than 500.