About US

Centrico Insurance Repository Limited (CIRL) is a registered company under the Companies Act, 1956, certified by the Insurance Regulatory and Development Authority of India (IRDAI) to operate as an Insurance Repository.

We provide policyholders with the convenience of maintaining insurance policies in electronic form through 'e-Insurance accounts' (eIA), enabling efficient policy management and modifications with enhanced accuracy and transparency.

Our Foundation

With a paid-up equity capital of Rs.30-crores, CIRL stands strong with:
  • 51% ownership by Central Depository Services (India) Limited (CDSL)
  • 45.75% ownership by leading Insurance Companies
  • 3.25% ownership by CDSL Ventures Ltd.
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Shareholding Structure

Why Choose Centrico

  • Backed by CDSL's 25+ years of market infrastructure expertise

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  • Commitment to efficiency, transparency, and cost reduction

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  • State-of-the-art database management capabilities

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  • DR/BCP compliant systems

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  • ISO 27001:2022 and 22301:2019 certified

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  • Fastest-growing Insurance Repository

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About CDSL

Central Depository Services (India) Limited (CDSL) is a pioneer in electronic securities management. As a trusted depository, CDSL
  • Facilitates electronic securities holding
  • Enables book-entry securities transactions
  • Partners with Depository Participants (DPs) to serve investors
  • Provides regular account statements and secure transactions
  • Eliminates risks associated with paper-based certificates
  • Offers instantaneous securities transfer

Board of Directors

  • Mr. N. Rangachary

    Chairman, Nominee Director

    Former Chairman, CBDT & IRDA

  • Mr. Masil Jeya Mohan P.

    Nominee Director, Non-Independent Director, CDSL (Representing LIC)

    Former Executive Director - Investment, LIC

  • Mr. Nilesh Sathe

    Independent Director, Former Whole-Time Member, IRDAI

    Former Executive Director, LIC

  • Mr. N Sankaran

    Independent Director, Former Principal Chief Commissioner of Income Tax

    Former Insurance Ombudsman

  • Mr. Latesh A Shetty

    Director

    M.D. and C.E.O.

  • Mr. Rajesh Saraf

    Director

    Chief Data & Operations Officer, CDSL

  • Mr. Farokh Patel

    Director

    Vice President – Audit and Inspection, CDSL

Managing Team

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    Mr. Latesh A Shetty

    Managing Director & Chief Executive Officer

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    Mr. Rahul M Niwathe

    Chief Financial Officer

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    Mr. Nirav Hiradhar

    Chief Information Security Officer

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    Mr. Manish Lalwani

    Company Secretary and Compliance Officer

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