Gurgaon, March 11, 2024: Bharti today announced that Bharti Life Ventures Private Limited (“BLVPL”), the group’s holding company of Bharti AXA Life Insurance Company Limited (“Company”), has completed the acquisition of its joint venture partner AXA’s 49% stake in the Company.
Bharti and Axa have enjoyed more than 18 years of very close and warm relationship. Pursuant to Axa’s exit, Bharti now owns 100% stake in the Company and will chart out the future strategy of the Company including onboarding more bancassurance partners, and or staying constructive for any strategic and financial partnerships with a clear focus to continue to scale the business and capture larger share of this growing opportunity space.
About Bharti / BLVPL
BLVPL is part of Bharti’s group, one of India’s leading business groups with interests in telecom, space communications, digital infrastructure, financial services, real estate, hospitality, agri- processed foods, and manufacturing. Bharti has been a pioneering force in the Indian telecom sector with many firsts and innovations to its credit. Bharti’s Airtel, the group’s flagship company, is a leading global telecommunications company with operations in 17 countries across South Asia and Africa. The Company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Bharti’s Realty Limited, the real estate arm of Bharti’s Enterprises, has world-class commercial marquee assets such as the iconic Worldmark in Delhi Aerocity and Gurugram, among others. Through its JV with Del Monte, Bharti’s offers a range of branded food and beverage products under the Del Monte brand in India and select SAARC countries. Other business ventures of the group include Hike Global, a web3 gaming company targeted at creating new economic opportunity for the masses. Through its strategic investments, Bharti has significant presence in the hospitality sector. Bharti is also the single largest shareholder in Eutelsat Group, the world’s first combined GEO-LEO satellite operator. With a LEO constellation of more than 600 satellites in orbit, Eutelsat-OneWeb is delivering connectivity and broadband services worldwide.
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