IRDAI

Caution List of outsourced Service Providers Entities-IRDAI. List of 24 entities not traceable for physical visit during CA investigation/audit

Caution List of Service Providers (Outsourcing Entities)

Insurance Regulatory and Development Authority of India

Public Notice

Date:24-05-2016

Ref:IRDAI/LIFE/PNTC/MISC/103/05/2016

In pursuance to the Final Order No. IRDA/LIFE/ORD/MISC/267/12/2014 dated 1st December, 2014 in the matter of Future Generali India Life Insurance Co. Ltd., while conducting an audit by an independent Chartered Accountant firm (Verma Mehta & Associates, Mumbai) into the outsourcing arrangements and the structure/shareholding pattern/composition and existence of all the outsourced entities, it was reported that the following 24 entities were not traceable for physical visit and investigation/audit.

 
On examining the whole matter, the Authority hereby publishes the list of 24 entities and advises all the Insurers to exercise caution and additional due diligence in confirming and validating the existence of these entities.
 
The details of 24 entities are given below: 
Sl. No. Description Name/ Address 1 Name/   Address 2 Name/ Address 3 Town/     City State Postal Code
1 Aadhar Enterprises A-2Nd, 33, Rail Vihar Colony, Aashiyana, Lucknow Uttar Pradesh 226013
2 Apex Financial Services Garha Road, Behiend Hotel Kings, Jalandhar Punjab 144001
3 A-One Financial Services Bhawani Nagar, Talab Tillo, Jammu Jammu & Kashmir 180001
4 Archers Marketing & Brand Solutions Mm-257, Sector-D, Aliganj, Lucknow Uttar Pradesh 226024
5 Apex Management Solutions Renu Prestige, Near Walawalkar Hospiral,Main Road, Shivaji Udyamnagar, Kolhapur Maharashtra 416008
6 EQIFACS 2,5Th Street, Guru Swamy Nagar, Anakaputhur, Chennai Tamil Nadu 600070
7 Guru Bio-tech Dahisar Apartment, C.S.Road, Dahisar (E) Mumbai Maharashtra 400068
8 Harvic Management Services India Ltd. A/29, Nandham Industrial Estat Marol Maroshi Road, Andheri (E) Mumbai Maharashtra 400059
9 I One Solutions Flat No.101, Siri Towers Kalyan Nagar, Hyderabad Andhra Pradesh 500018
10 Jangla Impex Private Limited A-29,Nand-Dham Industrial Estate, Marol Maroshi Road, Andheri (E) Mumbai Maharashtra 400059
11 Kunal Air Cool H-43, Sidharath Nagar Zopadpati Sangh, R.B.Kadam Marg, Bhatwadi,Ghatkopar (W) Mumbai Maharashtra 400084
12 MSK Marketing Resource H-91 ‘A’ C-Block, Tnhb, Alagapuram Housing Unit, Salem Tamil Nadu 636007
13 Phoenix Consultancy B-4 Brameshwar Residency, Near Ubha Maruti Chowk, Shivaji Peth,Plot No.1764/3/4, Kolhapur Maharashtra 416012
14 Prarabdh Solutions Pvt Ltd 1106,Building No.5, Sapphire Height,Lokhandala Com, Kandivali (E), Mumbai Maharashtra 400101
15 Reach Enterprises India Pvt Ltd Ho 3-6-365 Flat No 307, 5Th Floor Liberty Plaza Himayath Nagar Hyderabad Hyderabad Andhra Pradesh 500029
16 Real & Royal Multi Services 66/40/10,, Nil Kalibari Road,, Purbachal, Nabanagar, North 24 Parganas Kolkata West Bengal 743136
17 Saturn Insurance Solutions Pvt Ltd A-34 Upkar Apmnts Mayur Vihar-1 Delhi Delhi 110091
18 Shankar Singh Baluram Ki Gali Jaipur Road Sikar Rajesthan Rajesthan 332001
19 Sandhya Entertainment Vill-Nonaganj,P.O-Bhaganghat, Nadia Operation Off.94, Baruipara Lane, Kolkata West Bengal 700035
20 Star Manpower Services 3D Floor,Rose Cottage, 14Th Cross,Aroyakaniyam, 2Nd Main Road,Annasandra Palya Bangalore Karnataka 560017
21 Sina Pharma Pvt Ltd Krutya Kuyir,A7/315, Aya Nagar Extension, Phase-V,Aya Nagar, New Delhi Delhi 110047
22 Tripace Marketing Services Pvt Ltd B-210, North-Ex Mall, Sector -9, Rohini New Delhi Delhi 110085
23 Vishwasuja Mahindra & Mahindra Showroom, S R Nagar, Hyderabad Andhra Pradesh 500038
24 Y Se-Commerce Pvt.Ltd. Add-306 Bussa Udyog Bhavan T.J. Road Sewri (W) Mumbai Maharashtra 400015
 
(Nilesh Sathe)
Member (Life)
 
Place: Hyderabad
Date: 20th May, 2016

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