DK Business Network
JSA Advocates & Solicitors advised 360 ONE Asset to acquire a 15% stake in Bharti AXA Life via managed funds. The JSA team comprised Siddharth Mody (Partner), Rohan Kumar (Partner) and Alister Sequeira (Senior Associate). Bharti AXA Life Insurance, a wholly owned subsidiary of Bharti Enterprises, provides comprehensive life insurance solutions across India. The company, in its Press Release, emphasized that this strategic investment will enable it to strengthen its product portfolio, expand its distribution channels, and further consolidate its presence in the Indian insurance landscape.
Expressing optimism about the partnership, Parag Raja, MD & CEO of Bharti AXA Life Insurance, highlighted the importance of this investment in bolstering the company’s long-term vision. “This investment underscores the strength of our business model, commitment to long-term growth, and our vision of redefining life insurance in India. With this partnership, we aim to accelerate innovation, enhance our product offerings, and solidify our service experience, deepening our market presence,” he stated.
From the investor’s perspective, Sameer Nath, Head of Venture Capital & Private Equity at 360 ONE Asset, expressed confidence in Bharti AXA Life’s potential. He remarked, “The company has the right mix of product innovation, technology, and operational efficiency to execute successfully in the large and growing life insurance sector. We are excited to collaborate with Bharti, which has a stellar track record of scaling multiple businesses while maintaining the highest standards of corporate governance.”
This acquisition follows a series of strategic moves by Bharti AXA Life Insurance, including a bancassurance partnership with AU Small Finance Bank in November 2024 and the acquisition of AXA’s 49% stake in 2023, making it a fully owned entity of Bharti Enterprises. The deal aligns with India’s broader insurance sector expansion, particularly under IRDAI’s “Insurance for All by 2047” initiative.