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Porinju Veliyath publicly held over 1 per cent stake in 16 companies, with a net worth of over Rs. 183.5 crore. Among his biggest holdings are Orient Bell, Hindware Home Innovation, RPSG Ventures, Gati, Aurum Proptech and Shalimar Paints
IRDAI Imposes Rs3 Lakh Penalty on Max Life Insurance and Rs5 Lakh on IFFCO Tokio General Insurance Moneylife Digital Team 30 April 2021 The Insurance Regulatory and Development Authority of India (IRDAI) imposed a nominal penalty of Rs3 lakh on Max Life Insurance and Rs5 lakh on IFFCO Tokio General Insurance Co Ltd for violating corporate governance and disclosure rules and violations of provisions of its guidelines on Motor Insurance Service Provider (MISP), respectively. According to IRDAI, the company did not disclose related party transactions with Analjit Singh group companies such ...