Kirloskar group’s Arka Fincap receives IRDA license for corporate agency

Mumbai: Arka Fincap Limited, a NBFC and subsidiary of Kirloskar Oil Engines Limited (KOEL), has been granted license to act as a corporate agent (composite) by the Insurance Regulatory and Development Authority of India (IRDAI).Vimal Bhandari, executive vice chairman & CEO, Arka Fincap Limited, said, “With insurance being added to our product portfolio, it will help us to diversify our offerings, driving sustainable growth for our customers and creating long-term value for all our stakeholders.”