IIRM Holdings raises ₹150 crore to fund expansion and strategic acquisitions
2 min read
Ramakrishna V serves as Chairman of IIRM Holdings India Ltd.
IIRM Holdings India Ltd secured ₹150 crore by issuing equity shares and fully convertible warrants priced at ₹143.28 each. The round was led by Carpediem Capital and Sanshi Fund – I.
Key Takeaways
- IIRM Holdings raised Rs 150 crore via equity shares and convertible warrants priced at Rs 143.28 each.
- The round was led by Carpediem Capital and Sanshi Fund – I.
- Funds will support business expansion, strategic acquisitions and working-capital needs.
- IIRM’s flagship, India Insure Risk Management, is the nation’s first licensed insurance broking firm.
The funds will support business expansion, strategic acquisitions, capital expenditure, and working‑capital needs. The group’s flagship, India Insure Risk Management and Insurance Broking Services Private Limited, holds the distinction of being the nation’s first licensed insurance broking firm.
Funds to support acquisitions and business growth
“This backing validates IIRM’s vision and growth path. With Carpediem Capital and Sanshi Fund – I as partners, we are poised to speed up expansion, chase strategic acquisitions, and reinforce our leadership in insurance and risk management,” said Ramakrishna V, Chairman of IIRM Holdings India Ltd.
Operations span multiple international markets
In FY 2025‑26, IIRM Holdings posted gross written premiums exceeding ₹16 billion, driven by operations in India, Singapore, Sri Lanka, the Maldives, and Kenya.
IIRM Holdings India Ltd, headquartered in Hyderabad and listed on the BSE, is the holding company for a portfolio of firms delivering asset protection, risk advisory, employee‑wellbeing solutions, and insurance distribution across India, Singapore, Sri Lanka, the Maldives, and Kenya.
Published on August 1, 2026
