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It was established by the agency house of Alexander and Company. [2] [3] [4] The Bank lived through three economic crises of the 19th century: [5] The Recession of 1819; The failure of Palmer and Co., a British agency house; The Banking Crisis of 1832
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The Oriental Life Insurance Company, the first company in India to offer life insurance coverage, was established in Kolkata in 1818 by Bipin Das Gupta. Its primary target market was India. [9] Surendranath Tagore had founded Hindustan Insurance Society around the same time, which later became the Life Insurance Corporation. [10]
OICL was incorporated at Mumbai on 12 September 1947. The company was a wholly owned subsidiary of The Oriental Government Security Life Assurance Company Ltd and was formed to carry out general insurance business.
HDFC Life was established in 2000 becoming the first private sector life insurance company in India. [10] By 2001, the company had its 100th customer, strengthened its employee force to 100, and had settled its first claim. HDFC Life launched its first TV advertising campaign 'Sar Utha Ke Jiyo' in 2005.
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai.It is a deposit taking housing finance company, and it is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats.
The bank began its operations on 17 April 1994, under the chairmanship of S. P. Hinduja. [9]In 2021, the bank become authorized by the Reserve Bank of India (RBI) for collecting direct and indirect taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
United Phosphorus Limited was established on 29 May 1969. [8] The company changed its name to UPL Limited in October 2013. [9] On 20 July 2018, UPL signed a US$4.2 billion agreement with Platform Specialty Products Corporation (now Element Solutions Inc.) to acquire control of Arysta LifeScience Inc.