About Bhaichand Amoluk Group

From 1954 onwards upto 1972, Bhaichand Amoluk worked as a principal agent to National Insurance Company for the various clients of the insurance company. In 1972, Bhaichand Amoluk expanded into the reinsurance broking activities working for large Indian risks through Indian insurance companies and their insurance placements overseas.

The Government of India liberalized the Insurance Sector in 2002 permitting both Indian and Foreign Insurance firms to carry out activities as insurance brokers in India. This has opened up new business avenues and created tremendous business opportunity in this field. Foreign Insurance Companies and Foreign Insurance Brokers have entered into joint ventures with reputed Indian Insurance companies and insurance brokers operating in India.

Taking advantage of the changed scenario in March 2003, the Company entered in to joint venture agreement with Willis group, which is one the largest insurance broking companies listed on the NYSE.. The JV Company called Willis BA India Pvt. Ltd. In which Bhaichand Amoluk Consultancy Services Pvt Ltd holds 74% equity.

The Company has varied business interest and has promoted a number of subsidiary companies apart from the above including Chemspec Chemicals Pvt Ltd. (involved in the manufacturing of Pharma and Drug intermediaries), Health India TPA Services Pvt Ltd and Health India Medical Services Pvt LTD (involved in the field of insurance third party administration services).

The company is also engaged in the business of trading in shares and securities on active basis and have future plan to act as Share Sub –Broker and be a registered intermediary of BSE/NSE.