The firm is a partnership between
'The firm is'
Indias Bharti Group and Frances Axa AXAF.PA. The contribution of rustic business is around 20-25 p.c, Chua recounted. In the following 2 years we are preparing to grow health premium earnings to twenty p.c of total premium earnings, from 5 p.c now, he claimed. It also expects founders to bring in further capital to take its paid-up capital to 6.45 bln rupees in next five years to meet growth targets, Chua declared.
The venture, 74 % owned by Bharti group and twenty-six % by Axa group, has a paid-up paper of 2.30 bill rupees, he said. It is intending to expand in smaller towns to tap the retail market, he revealed. The company, now present in fifty five locations, plans to grow its presence to a hundred locations by 2009-end and grow its number of agents to 3,000, from 1,700 now, the official added.
