‘We want to tell our growth story to investors'
Business Today|December 12, 2021
M.R. Kumar, Chairperson of Life Insurance Corporation of India, in a free-wheeling chat, opens up about how the giant is getting ready for its bumper listing, among other things
Sourav Majumdar and Anand Adhikari
‘We want to tell our growth story to investors'

He is a busy man. As Chairperson of the Life Insurance Corporation of India (LIC), M.R. Kumar, 61, is preparing the insurance giant for an IPO. The public listing will make LIC one of the most valued companies in terms of market capitalisation. And Kumar, who took charge in March 2019, will leave office by March 2022, the deadline for taking LIC public. In an interaction with Business Today’s Sourav Majumdar and Anand Adhikari, Kumar talks about how the insurance giant is gearing up for the IPO, the changes expected after the listing, and the way ahead. Edited excerpts:

Q: Under your leadership, LIC will create history in its 65-year journey by listing on the stock exchanges. What will be your investment pitch?

A: We have to build a growth story. We have been growing despite competition from the private sector. We must tell investors that this is what we have done after the insurance sector opened up... how we have been holding on to market share and growing year after year. Going forward, we will do the same thing, and also differently, to add value for the shareholders. We are the world’s third best-known brand, as per a recent study. LIC is the only Indian brand featured in that study, which gave it a valuation of $24 billion. Nowhere in the world after opening up the insurance sector will you find a PSU (public sector undertaking) or government-owned entity holding on to its market share (we hold 60-70 per cent). As a PSU, we are different. We have plans to expand globally.

Q: The public listing is likely to see LIC rubbing shoulders with RIL, TCS and HDFC Bank in terms of market capitalisation. What will be the big change once you list?

هذه القصة مأخوذة من طبعة December 12, 2021 من Business Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 12, 2021 من Business Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY مشاهدة الكل
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 mins  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 mins  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 mins  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 mins  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 mins  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 mins  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 mins  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 mins  |
December 08, 2024