RattanIndia Enterprises’ wholly owned subsidiary -- Neotec Insurance Brokers has received “in-principle clearance” for Certificate of Registration to act as a Direct Insurance Broker (Life & General) from the Insurance Regulatory and Development Authority of India (IRDAI). In-principle clearance is without limitation as to period of validity. However, Neotec is required to comply the requirements as stipulated while granting ‘in-principle clearance’ by IRDAI.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.