PB Fintech Limited, through its wholly-owned subsidiary Icall Support Services Private Limited, has invested AED 1,20,06,140 (approximately ₹313.84 million) in Genesis Group Limited. This investment aligns with the company’s strategic objective to expand its presence outside India, specifically in the UAE market.
Genesis Group Limited is the holding company of Policybazaar Middle East Insurance Brokers LLC, a licensed insurance broker operating in Dubai, UAE. The company offers both life and general insurance policies to customers in the region. The authorised and paid-up capital of Genesis Group Limited is AED 3,000,000, divided into 3,000 fully paid shares.
The investment by Icall in Genesis Group Limited involves the acquisition of 15 shares at AED 800,409.35 per share. This transaction is classified as a related party transaction and has been conducted on an arm’s length basis.
The acquisition is expected to enhance PB Fintech‘s offerings of UAE products to UAE-based customers, further solidifying its market position in the Middle East. The transaction was completed by the end of March 2026, as per the stipulated timeline.
Genesis Group Limited, along with Policybazaar Middle East, has reported a consolidated turnover of AED 10,93,82,805 as of 31 December 2025. The company has shown substantial growth over the past three years, with turnovers of AED 6,05,55,032 in 2024 and AED 6,02,173 in 2023.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).