Mahalaxmi Life Insurance gains momentum in life insurance business within 2 years of operation; to float IPO of Rs 60 crore at the earliest

Mahalaxmi Life Insurance has celebrated its 2^nd anniversary on Magh 27, 2077 as the youngest life insurance company in the nation.

In the short span of two years, the company has so far established 62 branches and sub-branches, expanded with 16K plus agent network, launched 9 products, collected an insurance premium of Rs 165 crore, and invested more than 256 crores during the review period.

The life insurance company is in the process of issuing Rs 60 crore worth IPO shares to the general public soon after its annual financial report for the previous fiscal year gets approved by the Beema Samiti, as per the media statement.