GoDigit was listed on the stock market on 23 May 2024. Its IPO of Rs 2614.65 crore was subscribed 9.6 times. Canadian billionaire Prem Watsa’s Fairfax Group is also invested in GoDigit.
Infosys joining it for the insurance of its employees is a big achievement for GoDigit. IT company Infosys has changed the insurer for the insurance of its employees. Earlier the employees were insured by the government company National Insurance Company (NIC). Now in its place, Infosys has chosen private company GoDigit as its new group health insurance provider. This information has been received from an internal mail accessed by Moneycontrol. The reason behind why the company has severed ties with NIC is not yet known.
GoDigit will cover more than 3.2 lakh employees of Infosys. Infosys’ employee benefit expenses increased by about 4 percent to Rs 67,466 crore in FY 2025. Infosys partnered with Life Insurance Corporation of India (LIC) in September last year.
Go Digit was listed in May 2024
Go Digit was listed on the stock market on 23 May 2024. Its IPO of Rs 2614.65 crore was filled 9.6 times. Promoters held 73.12 percent stake in the company by the end of March 2025. Go Digit was started in the year 2016. It is also called Digit General Insurance. It provides general insurance including health, car, travel, property, mobile, jewelry.
Virat Kohli and Anushka Sharma also invest
GoDigit is funded by Canadian billionaire Prem Watsa’s Fairfax Group. Cricketer Virat Kohli and actress Anushka Sharma also have investments in it. The company is expanding in group health insurance and employee benefit solutions. Infosys joining hands with it for the insurance of its employees is a big achievement for GoDigit.
The stock of Go Digit General Insurance Limited closed at Rs 350.75 on BSE on July 18. The market cap of the company is Rs 32300 crore. The stock has gained 20 percent in 6 months. The company will release the financial results for the April-June 2025 quarter on July 28.
