Company Intelligence Profile
Niva Bupa Health Insurance Company Limited
Niva Bupa Health Insurance Company Limited is an Indian health insurer, formerly Max Bupa, listed on NSE and BSE.
Last updated 26 October 2026
Niva Bupa Health Insurance Company Limited sells health insurance in India. It was formerly called Max Bupa Health Insurance and is a joint venture between Bupa Singapore Holdings Pte. Ltd. and Fettle Tone LLP (True North). The company was incorporated on 05 September 2008 and is registered in New Delhi. It listed on NSE and BSE after its IPO in November 2024.
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Company Identity
| Registered name | Niva Bupa Health Insurance Company Limited |
|---|---|
| CIN | L66000DL2008PLC182918 |
| Status | Active, Listed Public Limited Company (IPO Nov 2024; NSE/BSE ticker: NIVABUPA) |
| Listing | Listed — listed on NSE and BSE following November 2024 IPO |
| Incorporated | 05 September 2008 |
| ROC | RoC Delhi |
| Sector (NIC) | Financial Services |
| Registered address | C-98, First Floor, Lajpat Nagar, Part 1, South Delhi, New Delhi, Delhi 110024, India |
| Authorized capital | ₹5,000 crore |
| Paid-up capital | ≈₹1,845.71–1,849.23 crore |
Source: MCA records via tofler.in
Business Overview
- Niva Bupa Health Insurance Company Limited sells health insurance in India.
- It was formerly known as Max Bupa Health Insurance.
- It is a joint venture between Bupa Singapore Holdings Pte.
- Ltd. and Fettle Tone LLP (True North).
- It was incorporated on 05 September 2008 and listed on NSE and BSE after its IPO in November 2024.
Source: tofler.in
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ramachandran Krishnan | 08719264 | Managing Director | - |
| David Martin Fletcher | 07004032 | Director | - |
| Penelope Ruth Dudley | 09025006 | Director | - |
| Milind Gajanan Barve | 00087839 | Director | - |
| Mohit Gupta | 06427582 | Director | - |
| Carlos Antonio Jaureguizar Ruiz-Jarabo | 10581062 | Director | - |
| Geeta Dutta Goel | 02277155 | Director | - |
| Ankur Kharbanda | - | Whole-time Director | - |
Source: MCA records via tofler.in
Funding
- IPO completed in November 2024 and listed on NSE and BSE.
- Pre-IPO investors: Bupa Singapore Holdings Pte.
- Ltd. and Fettle Tone LLP (True North).
Credit Ratings
| ICRA, August 2024 | issuer rating AAA Stable reaffirmed |
|---|---|
| ICRA, August 2024 | AA+ Stable assigned to a proposed ₹500 Cr subordinated debt issue |
Source: tofler.in
Competitors
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