General Insurance Corporation of India

General Insurance Corporation of India (GIC), a 52-year-old insurance company, is now managed by Govt. of India (Owner), N. Ramaswamy (Chairman & MD), Mr. Balkrishna Variar (CFO), and their number of employees is nearly 450. The company is present worldwide (in 6 countries) through its offices. Their service is reinsurance. GIC has shown almost 150% growth in the previous 5 years. However, their revenue is over Rs. 46,500 crore, and their net profit is Rs. Over 6,500 crore for FY 2023-24.