ECGC
ECGC Limited (ECGC) was incorporated in the year 1957 under the Companies Act, 1956, to facilitate and strengthen India’s exports by insuring the credit risk faced by Indian exporters / banks on lending to the exporters. The company is 100% owned by Government of India. It is managed by a Board of Directors comprising nominees of the Government of India, Reserve Bank of India, Commercial Banks, Insurance companies and eminent persons from the Exporting Community.
The Paid up capital of the company is currently Rs. 13.5 billion (approximately USD 208 million) vs. the authorized capital of Rs.50 billion (approximately USD 769 million).
✓ Export credit insurance to exporters
✓ Export credit insurance to banks
✓Domestic Credit Insurance
✓ Overseas investment insurance
✓ Factoring
✓ Inward Reinsurance
✓ Pre-shipment cover to exporters
Founded: 1957
Ownership: Company with 100% shareholding of the Government of India