Abu Dhabi National Insurance Company (ADNIC) is set to open an Indian branch at GIFT City, India’s first International Financial Services Center (IFSC) in Gujarat.
ADNIC has secured approval from the Central Bank of the United Arab Emirates (CBUAE) and is expected to receive regulatory approval in India ahead of the expected opening of the branch in the second half of 2026.
This move is indicative of ADNIC’s international growth objectives and ties in strongly with ADNIC’s recent entry into the Saudi Arabian market. More broadly, the India branch is expected to diversify ADNIC’s revenue while supporting clients in high-growth markets.
The UAE and India continue to advance their economic partnership, with both countries committed to doubling bilateral trade to US$200 billion by 2032, building on the dramatic gains made by the Comprehensive Economic Partnership Agreement (CEPA), which came into force in 2022. ADNIC’s India branch will serve to strengthen bilateral economic relations between the UAE and India.
Sheikh Mohammed bin Saif Al Nahyan, Chairman of ADNIC, said: “This move supports ADNIC’s global expansion ambitions and presence in high-growth markets, driven by the UAE and India’s strategic relationship and long-standing relationship built on trade, trust and common ambitions. The planned opening of ADNIC’s India branch reflects this deep relationship and serves to further our global growth ambitions.” As a leading insurance company, our expanding international presence allows us to expand our customer engagement across the world’s most dynamic markets. ”
Charampos Milonas, CEO of ADNIC, said: “Establishing an international branch in GIFT City demonstrates our long-term commitment to supporting our customers and partners in India, while also leveraging GIFT City’s emergence as a leading international insurance and reinsurance hub. “It will strengthen the economic relationship between the UAE and India. ADNIC’s India branch, along with Mutakamera Insurance ADNIC’s subsidiary in Saudi Arabia, will further strengthen our ability to serve our growing network of customers and business partners and enable us to be more responsive.” Decision-making, customized capabilities, and access to deeper global capabilities. ”
