EDME Insurance Brokers, formerly Aditya Birla Insurance Brokers Ltd, is eyeing an overseas expansion and aims to double its business to Rs 1,600 crore over the next five years.
“We would also like to spread our wings outside India, namely to Dubai, Singapore and London as well. We feel that, in the next one year or so, we will set up offices in both Singapore and Dubai. So, London might come later,” EDME Insurance Brokers Chief Executive Officer Sanjay Radhakrishnan told PTI.
Talking about the acquisition of UIB Insurance Brokers (India) Pvt Ltd, he said that with the buy, business has increased to about Rs 850 crore.
With the deal, he said, EDME Insurance Brokers has become the second largest in the country after Marsh.
For the rapid growth, he said, “We have identified around 14-18 industries that we want to focus on. For example, IT and BFSI, construction, infrastructure, and power. We are also looking at sports, media, and entertainment. Additionally, we are looking at mergers
January 17, 2026
