Arka Fincap Expands Financial Solutions with IRDAI License
Arka Fincap Limited, a subsidiary of Kirloskar Oil Engines Limited, has obtained a Corporate Agency License from the IRDAI, marking a significant milestone. This license allows Arka to venture into insurance distribution, enhancing its existing financial solutions portfolio to meet customer needs comprehensively.
This development enables Arka Fincap to broaden its product portfolio, entering the insurance sector to capitalize on emerging opportunities while aligning with its core value of being customer-centric.
Vimal Bhandari, Executive Vice Chairman & CEO, expresses excitement about the milestone, highlighting the company’s commitment to innovation and sustainable growth. The addition of insurance solutions aims to drive sustainable growth for customers and stakeholders alike.
Navin Saini, Business Head – Retail SME & MSME, underscores the importance of agility in today’s business landscape. Arka’s entry into insurance distribution reflects its readiness to embrace change and explore new avenues to stay competitive.
Arka Fincap Limited, a digitally enabled NBFC, specializes in providing secured and unsecured financing solutions to various sectors. With an impressive AUM and a widespread presence across India, the company aims to continue its growth trajectory with the addition of insurance offerings.
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