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Provati Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Provati Insurance Company Limited Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Provati Insurance Company Limited is a non-life insurance company located in Dhaka, Bangladesh. The company was founded in 1996 by Alhaj Moksud Ali, who was also the Chairman of Bhaiya Group of Industries. It has a strong presence in the country with 59 branches and provides employment opportunities to many individuals. The company issues insurance policies through computerized mechanisms in most of its branches. Provati Insurance Company Limited is ISO 9001:2015 certified, making it the first non-life insurance company to receive this certification in 2008. It went into IPO in 2009 and was highly subscribed. The company holds an "AAA" rating and is managed by experienced professionals. It is a member of various industry associations and chambers of commerce. In addition to its business activities, Provati Insurance Company Limited is committed to corporate social responsibility and supports victims of natural and human disasters. The company also sponsors recreational and sports events such as the Comilla Cantonment Golf Tournament.

Headquarters
Khan Mansion, 11Th Floor, 107, Motijheel C/A
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.provati-insurance.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 31, 1996
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Managing Director
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Vice Chairman
Ownership Details
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55.13%
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30.03%
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14.18%
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0.6%
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0.06%
Company Performance
Financial values in the chart are available after Provati Insurance Company Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-12.66%
Operating profit (EBIT)
-14.01%
Net Profit (Loss) for the Period
-15.43%
Total assets
7.02%
Total equity
9.17%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
-1.9%
Underwriting Expenses Ratio
3.13%

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