Promoters | IFFCO Tokio General Insurance Company in India


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INDIAN PROMOTER

Claim Process

Indian Farmers Fertiliser Cooperative Limited (IFFCO) is the world's largest fertilizer manufacturer & marketer in cooperative sector. It was incorporated on 3rd November, 1967 and since then is committed to achieve its prime role of providing quality fertilizer and agricultural services to India's farming community. Over the years, the cooperative society has evolved into a gigantic Indian Multinational and set records for excellent and consistent performance in the field of production, marketing and services to farmers. As a society "of the farmers, by the farmers and for the farmers", IFFCO has firmly established itself as a true Cooperative and perfect role model for others to emulate on the path of economic development

IFFCO has steadily grown from strength to strength-from a modest membership of 57 societies in 1967-68 to more than 40,000 societies at present. 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.

At IFFCO, the thirst for ever improving the services to farmers and member co-operatives is insatiable, commitment to quality is insurmountable and harnessing of mother earths' bounty to drive hunger away from India in an ecologically sustainable manner is the prime mission. All that IFFCO cherishes in exchange is an everlasting smile on the face of Indian Farmer who form the moving spirit behind this mission. IFFCO, to day, is a leading player in India's fertiliser industry and is making substantial contribution to the efforts of Indian Government to increase foodgrain production in the country.

IFFCO holds 51% shareholding in IFFCO-Tokio General Insurance. 

Please visit their website for more information: http://www.iffco.coop/

 

FOREIGN PROMOTER

Claim Process

TOKIO Marine Asia Pte. Ltd holds 49% 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.

Tokio Marine & Nichido Fire Insurance Company has over 120 years of experience in the general insurance business and is the largest and oldest general insurance company of Japan. It is a member of the highly diversified Mitsubishi group comprising over 1,500 companies. 

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

Based in Singapore, today TM Asia is an established regional headquarters and intermediate holding company, based at the Tokio Marine Centre in Singapore. Our 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.

TM Asia, is a sister company of Tokio Marine & Nichido Fire Insurance Co. Ltd, with 100% shares held by Tokio Marine Holdings. TM Asia also holds the shares of its regional companies which are widely represented in Asia with operations in Singapore, Malaysia, Thailand, Hong Kong, Indonesia, Australia, Taiwan, Philippines, Vietnam and India.

TM Asia’s role is to maintain the consistent growth of Tokio Marine Non-Life and Life Insurance operations within the region by providing management and technical support to new business activities, as well as the development and enhancement of products and services. By doing so they aim to increase the corporate value of their group, and sustain the delivery of high quality services to our customer

For more information, please visit their website: http://www.tokiomarineasia.com/


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