Mahindra enters insurance biz, ties up with Canadian firm

PTI

New Delhi, Updated At : 11:07 AM Nov 14, 2025 IST

Photo for representational purpose only. Reuters file

Mahindra & Mahindra on Thursday announced its foray into the insurance sector by signing an agreement with Toronto-headquartered Manulife for a 50:50 joint venture, entailing an investment of Rs 7,200 crore from both partners.

Mahindra Group CEO & MD Anish Shah said both the partners were looking to create a business, which could accomplish a valuation ranging between Rs 18,000 crore to Rs 30,000 crore in 10 years.

Live Matches

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

Mahindra enters insurance biz, ties up with Canadian firm

PTI

Unlock Exclusive Insights with The Tribune Premium

Live Matches