Former State Bank of India (SBI) chairman Arundhati Bhattacharya is looking to start a general insurance business, along with Sunil Mehta, former country head and chief executive of American insurer AIG, and Deepak Ishwarbhai Amin, a former director of SBI, a person aware of the development said on condition of anonymity.
On 3 September, Bhattacharya and Mehta registered their company, Welmo Fintech Pvt. Ltd. The insurer has a paid-up share capital of ₹1 lakh, according to data from the ministry of corporate affairs.
