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AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's Overview

Total employees819
HeadquartersNew Delhi
Founded2002

Agriculture Insurance Company of India Limited (AIC) was incorporated on 20th December 2002 with an authorized share capital of INR 15 billion. It commenced business from 1st April 2003. AIC was formed to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India. It aims to provide financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases, thereby ensuring their credit eligibility for the next season. AIC implements various government-sponsored crop insurance schemes like Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS).

Where is AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's Headquarters?

HQ Function

Serves as the central administrative and strategic hub, overseeing policy formulation, national operations, risk management, financial planning, and coordination of all regional offices for crop insurance schemes across India.

Notable Features:

Located in East Kidwai Nagar, a redeveloped area known for modern government and commercial buildings. The office likely provides a contemporary work environment equipped with necessary infrastructure for large-scale insurance operations.

Work Culture:

Characterized by a public-sector ethos focused on farmer welfare, service delivery, and adherence to government mandates. The culture emphasizes diligence, regulatory compliance, and collaboration with state governments and financial institutions.

HQ Significance:

The headquarters is pivotal in driving the mission of agricultural risk mitigation in India, formulating strategies that impact millions of farmers and contributing to the stability and growth of the agricultural sector.

Values Reflected in HQ: The headquarters' operations reflect AIC's core values of farmer-centricity, financial prudence, transparency, integrity, and commitment to national agricultural security.

Location:

Agriculture Insurance Company of India Limited primarily operates within India. Its mission is focused on providing crop insurance and related risk management solutions to Indian farmers. While it may engage in knowledge sharing or collaborations with international agricultural insurance organizations, its operational footprint and services are concentrated on the Indian agricultural sector.

Street Address:

Plate B & C, 5th Floor, Block -1, East Kidwai Nagar

City:

New Delhi

State/Province:

Delhi

Country:

India

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED's Global Presence

Ahmedabad, Gujarat/India

Address: 2nd Floor, Heritage Chambers, Nr. Gujarat Chamber of Commerce, Ashram Road, Ahmedabad-380009

To ensure effective implementation and accessibility of crop insurance schemes for farmers in Gujarat, addressing regional specific agricultural risks and needs.

Bengaluru, Karnataka/India

Address: Krishi Bhavan, 2nd Floor, Hudson Circle, Nrupathunga Road, Bengaluru – 560001

To provide localized support and efficient service delivery of agricultural insurance products to the farming community in Karnataka, adapting to the state's diverse agro-climatic zones.

Hyderabad, Telangana/India

Address: 8th Floor, United India Towers, Basheerbagh, Hyderabad – 500029

To cater to the specific agricultural insurance requirements of farmers in Telangana, promoting financial inclusion and stability in the state's farming sector.

Buying Intent Signals for AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

As of April 2025, AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED' leadership includes:

Smt. Girija Subramanian - Chairman-cum-Managing Director
Shri. Ch. S. S. Mallikharjuna Rao - General Manager
Shri. Ashish Kumar Dash - General Manager
Shri. Rohit G. Wadetwar - Chief Financial Officer
Smt. Madhulika Bhaskar - Company Secretary

Investors of AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED has been backed by several prominent investors over the years, including:

General Insurance Corporation of India (GIC Re)
National Bank for Agriculture and Rural Development (NABARD)
National Insurance Company Limited
New India Assurance Company Limited
Oriental Insurance Company Limited
United India Insurance Company Limited

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

Key leadership changes in the last 12 months (as of May 2024) include the superannuation of the former CMD and the appointment of a new Chairman-cum-Managing Director.

Departures

Shri Malay Kumar Poddar, Shri Malay Kumar Poddar superannuated from his role as CMD.

New Appointments:

Smt. Girija Subramanian, Smt. Girija Subramanian was appointed as the new CMD, bringing extensive experience from the general insurance sector.

Technology (Tech Stack) used by AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED

Discover the tools AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED Email Formats and Examples

Official email communications from Agriculture Insurance Company of India Limited typically use their domain '@aicofindia.com'. Common formats for employee emails might include combinations of first name, last name, or initials.

[first_initial][last]@aicofindia.com or [first].[last]@aicofindia.com

Format

gsubramanian@aicofindia.com

Example

65%

Success rate

News and media

The Hindu BusinessLineMarch 07, 2024

Agriculture Insurance Company of India Limited to focus on non-scheme products to improve profitability

Agriculture Insurance Company of India (AIC) plans to increase its focus on non-scheme products, including commercial crops and allied agricultural activities, to enhance profitability and expand its market presence beyond government-sponsored schemes....more

Business StandardFebruary 14, 2024

Agriculture Insurance Company's Q3 net profit jumps to Rs 436.44 cr

Agriculture Insurance Company of India Ltd (AIC) reported a significant jump in its net profit to Rs 436.44 crore for the third quarter ended December 2023, compared to Rs 20.04 crore in the same period of the previous fiscal year. The company's total income also rose during this quarter....more

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