Go Digit General Insurance Limited (GODIGIT)
₹286.45 +1.09% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Go Digit's revenue was ₹2,359 Cr (+5.5% year on year, -13.0% on the previous quarter), and net profit ₹86.4 Cr (-37.4% year on year); the operating margin was 3.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2,359 | +5.5% | -13.0% |
| Operating profit | ₹70.4 | -55.7% | from loss |
| Net profit | ₹86.4 | -37.4% | -42.0% |
| EPS (₹) | 0.93 | -38.0% | -42.6% |
| Operating margin | 3.0% | — | — |
GODIGIT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 57.49% of the GODIGIT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.33%. That is close to its usual level. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 48.5% · 52.3% · 84.0% · 49.8% · 57.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Promoter Fairfax Financial Holdings has been declared the strategic buyer for a 60.72% stake in IDBI Bank for ₹528.78 billion (₹81/share). Following the transaction, Fairfax proposes to contribute its holdings in Go Digit General Insurance and Go Digit Life Insurance to IDBI Bank at market prices. The current management structure at Go Digit, led by Kamesh Goyal, will remain unchanged, with the deal expected to expand distribution via IDBI Bank's network. The proposed transaction is subject to regulatory approvals from RBI, SEBI, and IRDAI.
- Fairfax declared strategic buyer to acquire 60.72% of IDBI Bank for approximately INR 528.78 billion (US$5.6 billion) at INR 81 per share.
- Offer price represents an approximate 23% premium to IDBI Bank's book value as of June 30, 2026.
- Fairfax plans to contribute all interests in Go Digit General Insurance and Go Digit Life Insurance to IDBI Bank at market prices.
- Deal requires multiple approvals, including from RBI, SEBI, and IRDAI.
- No change anticipated in Digit's management or operational leadership under Kamesh Goyal.
Go Digit General Insurance Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30th September 2026. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. It confirms that all securities received for dematerialisation during the quarter were duly processed, confirmed, or rejected within prescribed timelines. The filing is entirely procedural with no impact on business operations or financial performance.
- Quarterly compliance certificate under Regulation 74(5) submitted for the period ended 30th September 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on 03-10-2026
- Confirmation that received certificates were dematerialised/mutilated within prescribed timelines
- Filing submitted to BSE (Scrip Code: 544179) and NSE (Symbol: GODIGIT) on 14th October 2026
Go Digit General Insurance has issued a notice convening an NCLT-directed equity shareholder meeting on November 5, 2026, to vote on the Scheme of Amalgamation with Go Digit Infoworks Services Private Limited. The cut-off date for eligibility to vote has been fixed as October 29, 2026, with remote e-voting taking place between November 1 and November 4, 2026. The scheme incorporates modifications per advisory issued by insurance regulator IRDAI and follows observation letters with 'no adverse observations' from NSE and BSE received on April 22, 2026. This step advances the corporate restructuring to collapse the promoter holding entity into the listed insurer.
- Shareholder meeting scheduled for November 5, 2026, at 11:00 AM IST via VC/OAVM pursuant to NCLT order dated August 13, 2026
- Voting cut-off date fixed as October 29, 2026, with remote e-voting running from November 1 to November 4, 2026
- Scheme involves merger of Go Digit Infoworks Services Private Limited (Transferor) into Go Digit General Insurance Limited (Transferee)
- Exchanges (NSE and BSE) issued observation letters with 'no adverse observations' on April 22, 2026
Go Digit General Insurance has issued a notice convening an NCLT-directed equity shareholder meeting on November 5, 2026, to vote on the Scheme of Amalgamation with Go Digit Infoworks Services Private Limited. The cut-off date for eligibility to vote has been fixed as October 29, 2026, with remote e-voting taking place between November 1 and November 4, 2026. The scheme incorporates modifications per advisory issued by insurance regulator IRDAI and follows observation letters with 'no adverse observations' from NSE and BSE received on April 22, 2026. This step advances the corporate restructuring to collapse the promoter holding entity into the listed insurer.
- Shareholder meeting scheduled for November 5, 2026, at 11:00 AM IST via VC/OAVM pursuant to NCLT order dated August 13, 2026
- Voting cut-off date fixed as October 29, 2026, with remote e-voting running from November 1 to November 4, 2026
- Scheme involves merger of Go Digit Infoworks Services Private Limited (Transferor) into Go Digit General Insurance Limited (Transferee)
- Exchanges (NSE and BSE) issued observation letters with 'no adverse observations' on April 22, 2026
Go Digit General Insurance Limited announced that CRISIL Ratings has reaffirmed the company's Corporate Credit Rating (CCR) at 'AA-'. The outlook has been maintained as 'Rating Watch with Developing Implications'. The letter confirming the rating action was issued on September 23, 2026. This reaffirmation preserves the company's credit standing across its borrowing operations, where total debt stands relatively low at ₹350 crore.
- Corporate Credit Rating reaffirmed at 'AA-' by CRISIL Ratings
- Outlook assigned as 'Rating Watch with Developing Implications'
- Rating letter issued by CRISIL on September 23, 2026
- Company holds debt of ₹350 crore against a net worth of ₹4,662 crore
Go Digit General Insurance has updated its draft Scheme of Amalgamation involving Go Digit Infoworks Services Private Limited following an advisory from IRDAI dated September 4, 2026. The amendment incorporates references to Section 35 of the Insurance Act, 1938 (as amended by the Sabka Bima Sabki Raksha Act, 2025) across relevant clauses. The company confirmed that this change does not alter the substance, commercial terms, or essence of the scheme. The amalgamation remains subject to approvals from the NCLT Mumbai Bench, IRDAI, and shareholders.
- IRDAI advised inclusion of Section 35 of the Insurance Act, 1938 via email dated September 4, 2026
- Scheme involves amalgamation of Go Digit Infoworks Services Private Limited with Go Digit General Insurance Limited
- Modifications do not alter the commercial terms, essence, or substance of the scheme
- Scheme remains subject to statutory approvals from NCLT Mumbai Bench, IRDAI, and shareholders
Go Digit General Insurance Limited announced the resignation of Independent Director Giridhar Aramane, effective at the close of business hours on September 10, 2026. The resignation stems from time commitments and responsibilities related to his appointment as Chairman and Managing Director of Unitech Limited following Supreme Court and MCA directives. Mr. Aramane confirmed there are no other material reasons for his departure. The operational performance and core business of Go Digit (TTM revenue Rs 10,128 Cr) remain unaffected by this board-level transition.
- Independent Director Giridhar Aramane tendered resignation effective close of business on September 10, 2026.
- Stepped down following appointment as CMD of Unitech Limited per Supreme Court order dated August 17, 2026, and MCA order dated August 19, 2026.
- Confirmation provided that no other material reasons exist for the resignation.
- Board directorships in other listed entities include Cyient DLM Limited, Axiscades Technologies Limited, and Unitech Limited.
Go Digit General Insurance Limited announced the resignation of Independent Director Mr. Giridhar Aramane, effective at the close of business on September 10, 2026. The departure is attributed to his increased responsibilities after being appointed Chairman and Managing Director of Unitech Limited following a Supreme Court order dated August 17, 2026. Mr. Aramane confirmed there are no other material reasons for his resignation. The company will need to ensure board and committee compositions continue to comply with regulatory standards.
- Resignation of Independent Director Giridhar Aramane effective close of business hours on 10th September, 2026
- Departure driven by new role as CMD of Unitech Limited pursuant to Supreme Court order dated 17th August, 2026
- Consequential order from the Ministry of Corporate Affairs dated 19th August, 2026
- Confirmation provided that there are no material reasons for resignation other than the disclosed time commitments
Go Digit General Insurance Limited announced that Mr. Giridhar Aramane has resigned from his position as Non-Executive Independent Director, effective close of business hours on September 10, 2026. The departure is attributed to his increased responsibilities following his appointment as Chairman and Managing Director of Unitech Limited, pursuant to Supreme Court orders dated August 17, 2026. Mr. Aramane confirmed that there are no other material reasons for his resignation. The company reported TTM revenues of ₹10,128 Cr and a net profit of ₹492 Cr, and this board departure does not disrupt core underwriting operations.
- Resignation effective from the close of business hours on September 10, 2026
- Stepped down following appointment as CMD of Unitech Limited per Supreme Court order dated August 17, 2026
- Ministry of Corporate Affairs consequential order issued on August 19, 2026
- Confirmation provided that there are no other material reasons for the resignation
Go Digit General Insurance Limited announced the resignation of Independent Director Mr. Giridhar Aramane, effective at the close of business hours on September 10, 2026. The resignation follows his appointment as Chairman and Managing Director of Unitech Limited pursuant to orders from the Supreme Court (dated August 17, 2026) and Ministry of Corporate Affairs (dated August 19, 2026). Mr. Aramane confirmed there are no other material reasons for his departure. Given his non-executive independent status, the change does not impact day-to-day insurance operations.
- Resignation effective from the close of business hours on 10th September, 2026
- Stepped down due to appointment as CMD of Unitech Limited per Supreme Court Order dated 17th August, 2026
- Consequential MCA order dated 19th August, 2026 increased his external responsibilities
- Confirmed zero material reasons for resignation other than official time constraints
Go Digit General Insurance Limited has received the detailed order dated August 31, 2026, from the Competition Commission of India (CCI) approving the proposed Scheme of Amalgamation between Go Digit Infoworks Services Private Limited and Go Digit General Insurance Limited. This follows the initial CCI approval intimation sent on July 29, 2026. The amalgamation remains subject to pending approvals from the National Company Law Tribunal (NCLT) Mumbai Bench, Insurance Regulatory and Development Authority of India (IRDAI), and shareholders.
- Received detailed approval order from CCI dated August 31, 2026 on September 1, 2026
- Scheme of Amalgamation involves Go Digit Infoworks Services Private Limited and Go Digit General Insurance Limited
- Initial CCI approval was granted under Section 31(1) of the Competition Act, 2002 on July 28, 2026
- Scheme remains subject to statutory approvals from NCLT Mumbai Bench, IRDAI, and shareholders
Go Digit General Insurance Limited has informed the exchanges regarding a scheduled physical meeting with a group of analysts and institutional investors. The in-person meeting will take place in Mumbai on Friday, August 28, 2026, from 12:00 PM to 7:00 PM IST. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the interaction.
- In-person meeting scheduled with a group of analysts and institutional investors in Mumbai
- Meeting date: Friday, 28th August 2026
- Meeting time window: 12:00 Noon (IST) to 7:00 p.m. (IST)
- Company clarified that no unpublished price sensitive information (UPSI) will be shared
Go Digit General Insurance Limited has declared the voting results and submitted the Scrutinizer's Report for its 10th Annual General Meeting held on August 18, 2026. All resolutions were approved with the requisite majority by shareholders. Resolution 1 (adoption of FY26 audited financial statements) passed with 99.99% votes in favour, while Resolution 2 (re-appointment of director Gopalakrishnan Soundarajan) passed with 96.47% overall approval despite 19.22% institutional dissent.
- Adoption of FY26 audited financials approved with 99.99% votes in favour (83.10 Cr votes polled)
- Re-appointment of director Gopalakrishnan Soundarajan approved with 96.47% majority (80.11 Cr votes in favour)
- Institutional dissent noted on director re-appointment with 19.22% (2.93 Cr votes) voting against
- Total shareholder count on record date (August 11, 2026) stood at 66,080
Go Digit General Insurance Limited concluded its 10th Annual General Meeting on August 18, 2026, conducted via video conferencing. A total of 41 members attended the meeting, where ordinary resolutions for adopting the audited FY26 financial statements and the re-appointment of retiring director Gopalakrishnan Soundarajan were considered. The joint statutory auditors provided unqualified and unmodified audit reports for FY26. Final e-voting results and the scrutinizer's report will be disclosed separately.
- 10th AGM concluded on August 18, 2026, with 41 members attending via video conferencing
- Two ordinary resolutions tabled: adoption of FY26 financial statements and director re-appointment
- Joint statutory auditors issued unmodified and unqualified audit reports for FY26
- Remote e-voting took place from August 14 to August 17, 2026, with cut-off date of August 11, 2026
Go Digit General Insurance has received a National Company Law Tribunal (NCLT) order allowing its first motion application for the merger of its promoter entity, Go Digit Infoworks Services, into the company. The merger aims to simplify the corporate structure and eliminate holding company layers, aligning with regulatory preferences for leaner insurance structures. The company is directed to convene a shareholder meeting within 90 days to seek approval. Post-merger, the company's net worth is projected to increase from Rs 4,586.41 Cr to Rs 4,699.48 Cr.
- Swap ratio fixed at 262,589 equity shares of Go Digit for every 1,000 shares held in the promoter entity
- Post-scheme net worth of the insurance entity expected to reach Rs 4,699.48 Cr
- Shareholder meeting must be convened within 90 days of the August 13, 2026 NCLT order
- Transferor company (promoter) brings a net worth of Rs 1,028.77 Cr into the merged entity
- The scheme remains subject to final IRDAI and shareholder approvals
Financial Performance
Revenue Growth by Segment
Gross Direct Premium (GDP) grew 7% overall in fiscal 2025 to INR 8,472 Cr. Segment-wise growth: Marine grew 38%, Motor grew 7%, and Health & Personal Accident grew 1%. In Q1 FY2026, GDP reached INR 2,507 Cr, a 7.2% increase from INR 2,338 Cr in Q1 FY2025.
Geographic Revenue Split
Over 60% of premiums are contributed by customers residing in Tier II and Tier III locations, reflecting the company's successful expansion beyond major metropolitan areas through its digital-first interface.
Profitability Margins
Net profit improved significantly to INR 425 Cr in fiscal 2025 from INR 182 Cr in fiscal 2024, a 133% increase. Return on Equity (RoE) improved from 7.5% to 13% over the same period. Profitability is heavily driven by investment income, which rose 26% to INR 1,325 Cr in FY2025 from INR 1,051 Cr in FY2024.
EBITDA Margin
Core underwriting profitability remains a challenge, though improving. The combined ratio was 108.7% in FY2025 compared to 109% in FY2024. A ratio above 100% indicates underwriting losses (INR 683 Cr deficit in FY2023), which are currently offset by investment income to achieve net profitability.
Capital Expenditure
The company raised INR 1,125 Cr through a fresh issue in its May 2024 IPO to augment its capital position. Networth increased 60% to INR 4,033 Cr in FY2025 from INR 2,515 Cr in FY2024.
Credit Rating & Borrowing
CRISIL A+/Stable corporate credit rating. The company issued INR 350 Cr of subordinated debt in fiscal 2024, which was subscribed to by a subsidiary of Fairfax Financial Holdings Ltd.
Operational Drivers
Raw Materials
As an insurance provider, 'raw materials' are represented by Claims Costs (70-75% of premiums) and Operating Expenses (35-40% of premiums). Claims ratio stood at 70% in Q1 FY2025, while the expense ratio was 35%.
Import Sources
Not applicable for insurance services; however, the company sources capital and strategic oversight from Fairfax Financial Holdings (Canada).
Key Suppliers
Not applicable. The company's primary 'inputs' are capital from investors like Fairfax Financial Group (33.3% to 35.08% stake) and Oben Ventures (38.01% to 40.3% stake).
Capacity Expansion
Market share increased from 2.4% in FY2023 to 3.2% by Q1 FY2026. The company is the fastest general insurer to cross the INR 5,000 Cr GDP mark since its inception in 2017.
Raw Material Costs
Claims costs are the primary expense, with a 3-year average claims ratio of 71%. Expense ratio is elevated at 39% (3-year average) due to the company's early growth phase and high retention philosophy, but it is expected to decline with economies of scale.
Manufacturing Efficiency
Operational efficiency is measured by the combined ratio, which improved to 105% in Q1 FY2025 from 113% in FY2022, indicating a move toward underwriting break-even.
Logistics & Distribution
Distribution is primarily digital, though the company maintains a sales presence in Tier II and III cities to support its 60% regional premium contribution.
Strategic Growth
Expected Growth Rate
22%
Growth Strategy
Growth will be achieved through continued digital-first customer acquisition, expansion into Tier II/III cities, and diversification of the product mix to reduce motor dependency (currently 69%) by increasing focus on Health, Fire, and Marine segments (Marine grew 38% in FY2025).
Products & Services
Insurance policies covering Motor, Health, Personal Accident, Fire, Marine, Property, and Liability segments.
Brand Portfolio
GoDigit
New Products/Services
Gradual diversification into Fire and Health segments is expected to sustain a healthy growth rate and reduce portfolio concentration risks.
Market Expansion
Targeting increased market share in the Indian private sector non-life insurance market, which currently stands at 3.2% as of Q1 FY2026.
Market Share & Ranking
Market share of 3.2% as of June 30, 2025, up from 2.7% in FY2024.
Strategic Alliances
Joint Venture with Fairfax Financial Holdings Ltd (Canada) and Oben Ventures. Fairfax provides strategic guidance and has demonstrated capital support through debt and equity.
External Factors
Industry Trends
The industry is shifting toward digitization and higher health insurance penetration. GoDigit is positioned as a 'new age' leader with a 3-year GDP CAGR of 22%, outpacing many traditional peers.
Competitive Landscape
Competes with established general insurers; maintains a claims ratio (70-75%) at par with seasoned peers despite a shorter operational history.
Competitive Moat
Moat is built on a high degree of digitization (lowering TAT), backing by Fairfax (capital and expertise), and a strong presence in underserved Tier II/III markets (60% of premiums).
Macro Economic Sensitivity
Sensitive to automotive industry cycles due to 69% motor insurance concentration and interest rate fluctuations affecting the INR 20,676 Cr investment book.
Consumer Behavior
Increasing consumer preference for seamless, digital-only insurance sourcing and claims settlement, which aligns with GoDigit's core business model.
Geopolitical Risks
Minimal direct impact as operations are India-centric, though parent company Fairfax is subject to global rating actions (S&P upgraded Fairfax to A-/Stable).
Regulatory & Governance
Industry Regulations
Regulated by IRDAI. Must maintain a minimum solvency ratio of 1.50x; GoDigit maintains a comfortable 2.24x. Foreign shareholding is currently capped at 74% for certain structures, though some documents note a shift toward 100% for specific investors.
Environmental Compliance
Not disclosed as a material cost for digital insurance operations.
Taxation Policy Impact
Subject to standard Indian corporate tax rates; net profit of INR 425 Cr is reported after tax.
Risk Analysis
Key Uncertainties
Underwriting losses remain the primary risk; if investment income (INR 1,325 Cr) fails to cover underwriting deficits, the company would return to a loss-making state as seen in FY2022 (INR -296 Cr).
Geographic Concentration Risk
60% of premiums are sourced from Tier II and Tier III cities, providing good geographic spread across India but high domestic concentration.
Third Party Dependencies
High dependency on Fairfax Financial Holdings for capital support and strategic oversight. A change in Fairfax's support or a rating downgrade of the parent would negatively impact GoDigit.
Technology Obsolescence Risk
The company's business model is entirely dependent on its digital infrastructure; any major cyber disruption or failure to keep pace with AI advancements would erode its competitive edge.
Credit & Counterparty Risk
Investment portfolio is high quality: 99% of corporate debt/infrastructure investments are rated AA or above/sovereign. Zero NPAs reported since inception.
