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Old 1st November 2016, 05:17 PM
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Default State Shareholding IFFCO

I want to know the state shareholding of IFFCO Tokio General Insurance Company so will you please tell me?
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Old 1st November 2016, 05:34 PM
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Default Re: State Shareholding IFFCO

Indian Farmers Fertiliser Cooperative Limited (IFFCO) is the world's largest fertilizer manufacturer & marketer in cooperative sector.

It was incorporated on 3rd November, 1967

IFFCO holds 72.64% shareholding and its Associate M/s Indian Potash Ltd. holds 1.36% shareholding in IFFCO-Tokio General Insurance.

TOKIO Marine Asia Pte. Ltd holds 26% shareholding in IFFCO Tokio General Insurance.

TOKIO Marine Asia is a subsidiary company of Millea Holding Inc Japan; a holding company for Tokio Marine & Nichido Fire (TMNF) Insurance Company.

The company is rated 'AA' (indicating strong financial security characteristics) by international rating agency Standard & Poor's.

Their organisation oversees 16 regional companies in 10 countries, which employ over 5,000 people across the region.

This includes 10 General Insurance companies, 5 Life Insurance companies and 1 Reinsurance Takaful company.

The initial equity capital of Rs.6 lakh contributed by cooperatives in 1967-68 has also risen to Rs. 4.26 Million in 2010-11.

Having the Largest Market share of Fertilizer Production in India with 30% in Complex Fertilizers and 21% in Urea it has also become the First Cooperative in India to set-up first ever Kisan SEZ (Special Economic Zone) at Nellore, Andhra Pradesh.

Contact-


Corporate Office
IFFCO Tower ,
Plot No. 3 , Sector 29 , Gurgaon -122001
Haryana(India)
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