Deal Corner
July 28, 2025
NDA Represents WestBridge Capital in its General Insurance Venture with Neelesh Garg

Deal Brief

WestBridge Capital (“WBC”) has entered into a joint venture with Mr. Neelesh Garg (former MD & CEO of Tata AIG General Insurance), to set-up a general insurance company, Kiwi General Insurance (“Kiwi”). Kiwi has recently received approval for their R1 filing from the insurance regulator, Insurance Regulatory & Development Authority of India.

Our Role

We, at Nishith Desai Associates, acted as legal counsels for WBC and advised on legal and regulatory aspects, including structuring of the venture, drafting and negotiation of the definitive agreements and filing of the requisite forms with IRDAI for the set-up of the general insurance venture.

Deal Team

Nishchal Joshipura

Muqeet Drabu

Gurkeerat Singh

PRESS COVERAGE

https://economictimes.indiatimes.com/markets/stocks/news/kiwis-general-insurance-application-clears-r1-stage/articleshow/122542196.cms?from=mdr

https://reinasia.com/kiwi-general-insurance-secures-initial-regulatory-approval/

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

Research Papers

Mergers & Acquisitions
July 11, 2025

New Age of Franchising
June 20, 2025

Life Sciences 2025
June 11, 2025

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Connect with us at events, 
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Deal Corner

July 28, 2025

NDA Represents WestBridge Capital in its General Insurance Venture with Neelesh Garg

Deal Brief

WestBridge Capital (“WBC”) has entered into a joint venture with Mr. Neelesh Garg (former MD & CEO of Tata AIG General Insurance), to set-up a general insurance company, Kiwi General Insurance (“Kiwi”). Kiwi has recently received approval for their R1 filing from the insurance regulator, Insurance Regulatory & Development Authority of India.

Our Role

We, at Nishith Desai Associates, acted as legal counsels for WBC and advised on legal and regulatory aspects, including structuring of the venture, drafting and negotiation of the definitive agreements and filing of the requisite forms with IRDAI for the set-up of the general insurance venture.

Deal Team

Nishchal Joshipura

Muqeet Drabu

Gurkeerat Singh

PRESS COVERAGE

https://economictimes.indiatimes.com/markets/stocks/news/kiwis-general-insurance-application-clears-r1-stage/articleshow/122542196.cms?from=mdr

https://reinasia.com/kiwi-general-insurance-secures-initial-regulatory-approval/

 

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

Research Papers

Mergers & Acquisitions
July 11, 2025

New Age of Franchising
June 20, 2025

Life Sciences 2025
June 11, 2025

NDA Connect

Connect with us at events, 
conferences and seminars.