Equirus Group Announces Strategic Equity Stake in Raghnall Insurance Broking
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Equirus Group, a leading diversified financial services firm, has received regulatory approval for a strategic equity stake in Raghnall Insurance Broking, an innovator in insurance and risk management. This partnership is set to redefine the insurance and management landscape in India, targeting a Gross Written Premium (GWP) of INR 1,000 crores by FY28, with INR 400 crores projected for this year.
This strategic investment brings together Equirus Group's extensive experience in investment banking, wealth management, financial, and risk & insurance advisory with Raghnall’s deep-rooted expertise in insurance broking. Together, they will provide clients with a wide range of financial products, including enhanced tools and strategies to manage risks and secure financial growth, enabling businesses and individuals to confidently achieve their financial goals and value creation along with greater efficiency and security.
Amit Goel & Yagnesh Dosshi, Directors of Raghnall Insurance Broking, expressed enthusiasm and stated, "The equity investment from Equirus Group marks a pivotal moment in our journey. This endorses the business built and creates a strategic relationship that would enhance our ability to deliver unparalleled risk management and insurance services, offering our clients a blend of strategic insight and service excellence. Together, we will empower businesses to thrive."
Ajay Garg, Managing Director of Equirus Group, shared his thoughts and said, “The investment into Raghnall Insurance Broking will help integrate teams to strengthen and expand our value proposition, providing integrated business risk solutions that address the multifaceted needs of our clients. We are committed to guiding our clients with the right advice needed in their value creation journey while ensuring they are well-equipped to manage risks and seize opportunities."
Altrim Consultants acted as the strategic advisor for Raghnall Insurance Broking on this deal.
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