The 56-year-old management graduate from IIM Bangalore took over the reins of the insurer in 2009, but his association with the group goes back to 1992 when he joined ICICI Bank as a Senior General Manager, and then worked in various roles across the group, including as Executive Director in ICICI Prudential Life Insurance. If familiarity gives comfort, then Dasgupta certainly makes one feel at ease with his simplicity and demeanour. His easy approach is reflected in the recent merger of Bharti AXA General Insurance with ICICI Lombard, which became seamlessly effective within days of getting the final approval from regulator Insurance Regulatory and Development Authority of India (Irdai) in September 2021. After the merger, ICICI Lombard has become the second largest general insurer (on gross direct premium underwritten) with 8.71 per cent market share (till November 2022) after state-owned The New India Assurance(13.63 per cent).
But the hawk-eyed leader of ICICI Lombard—which had a market cap of ₹61,095 crore on December 27— knows that he can’t rest on his laurels. Although the merger has helped the insurer jump three positions, leaving behind one of its closest competitors, Bajaj Allianz General Insurance, its next challenge is to drive organic growth and also keep competitors at bay.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky