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

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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.

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