Renewal business to generate about Rs 400 - Rs 450 crore revenue next year: Yashish Dahiya

Yashish Dahiya, Group Chairman & CEO, PB Fintech, in his conversation with Nikunj Dalmia, Managing Editor, Times Network & ET Now Swadesh threw some light on the company's growth and expansion plans in the times ahead.

While sharing the business insights in detail, he said that we have a renewal business which translates that with each renewal cycle, PB Fintech has the opportunity to ensure and deliver value and provide an exceptional experience to its customers. With renewal business, we generate about Rs 300 crores of revenue, which should be about Rs 400-Rs 450 crores next year. This indeed is a very high-margin business!

Talking about the thought process behind our new initiatives, Dahiya shared that we started them because we thought it was crucial to do those activities. We knew that our Point of Sale Partner (POSP) business could help us grow rapidly and also improve our relationship with suppliers. And that insurance is not a mechanism by which you do things only one way, you can make these sales in multiple ways. Which in turn, helps you build your partnership with suppliers because they are looking at the overall volume.

Very precisely, he summed up the conversation by saying, "I think as long as we are focused on increasing the insurance penetration in the country, make sure that our claim support is good and we have a good platform where consumers can transact hassle-free, I do not think business growth can elude us".