Mr. Chinna Kollaiah Itha
Accountable for the branch’s operations and for its compliance with IFSCA regulations.
IFSCA registration active
Regulatory disclosures for our GIFT City branch
Novo Insurance Broking Services Pvt. Ltd. operates an IFSC Insurance Intermediary Office at GIFT City, Gujarat, registered with the International Financial Services Centres Authority as a composite broker. This page sets out our registration, licences, responsible officers and how to raise a complaint.
RegulatorIFSCA
CategoryComposite Broker
LocationGIFT SEZ, Gandhinagar
Parent licenceIRDAI-licensed broker
How the branch is regulated
The laws and authorities that govern our IFSC operations.
Our IFSC branch is an IFSC Insurance Intermediary Office regulated by the International Financial Services Centres Authority (IFSCA), the unified regulator for financial services in International Financial Services Centres in India. IFSCA renewed our registration under Regulation 9(6), IFSCA (Insurance Intermediary) Regulations, 2021 and the Insurance Act, 1938.
GIFT IFSC sits inside a multi-services Special Economic Zone and is treated as a deemed foreign territory under Indian foreign-exchange rules, so the branch also follows SEZ regulations administered by the Development Commissioner. Our domestic broking business is licensed separately by IRDAI.
- International Financial Services Centres Authority Act, 2019Establishes IFSCA
- IFSCA (Insurance Intermediary) Regulations, 2021Registration and conduct
- Insurance Act, 1938Insurance law in India
- Special Economic Zones Act, 2005SEZ unit operations
- Prevention of Money-laundering Act, 2002AML reporting
Responsible officers
The people IFSCA holds accountable for the branch.
Sravya Nimmagada
Monitors regulatory compliance, AML/KYC obligations and statutory reporting.