Export Credit Guarantee Corporation of India Ltd

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Export Credit Guarantee Corporation of India Ltd- Overview and History

The Export Credit Guarantee Corporation of India has been set up by the national government and provides banks and exporters in the country several export credit insurance programs.

It is controlled administratively by the Ministry of Commerce & Industry and its management is the responsibility of a Board of Directors that is made up of representatives from the banking, export, and insurance industries in India apart from the national government and the Reserve Bank of India.

Since its inception the organization has come up with several export credit risk insurance programs that are at par with the requirements of commercial banks and exporters in India as well as with the similar products offered in the international markets.

At present, with regards to coverage for national exports, Export Credit Guarantee Corporation occupies the seventh spot in the world. Its authorized capital is INR 1000 crores and its paid up capital is INR 900 crores.

The organization was incorporated on July 30, 1957 as the Export Risk Insurance Corporation and got its present name in 1983.

It has been awarded with the First Prize for exceptional execution of Rajbhasha for 2011-12 by the Mumbai Town Official Language Implementation Committee

Export Credit Guarantee Corporation of India Balance Sheet

The following table shows the various financial highlights of the Export Credit Guarantee Corporation:
Domain Figures in INR
Gross premium 1004.83 crores
Premium 766.25 crores
Total claims paid 713.03 crores
Incurred claim 679.61 crores
Investments and other income 359.91 crores
Net worth 2167.75 crores
Income from operations 962.19 crores
Operating profit 166.95 crores
Profit before tax 327.73 crores
Profit after tax 225.21 crores


Export Credit Guarantee Corporation of India Management

The board of directors at the Export Credit Guarantee Corporation comprises the following officials:
Name Designation
N Shankar Managing Director and Chairman
Arvind Mehta Joint Secretary, Department of Commerce, Ministry of Commerce and Industry
Alok Sheel Joint Secretary, Department of Economic Affairs, Ministry of Finance
VS Das Executive Director, Reserve Bank of India
TCA Ranganathan Managing Director and Chairman, EXIM Bank of India
KR Kamath Managing Director and Chairman, Punjab National Bank, New Delhi
AK Roy Managing Director and Chairman, General Insurance Corporation of India (GIC), Mumbai
Hari S Bhartia Managing Director and Co-Chairman, Jubilant Life Sciences Ltd., New Delhi
M Rafeeque Ahmed President, FIEO, New Delhi
Vasant Mehta V Rameshchandra & Company, Mumbai


Apart from N Shankar, the team of senior executives in this organization is made up of the following:

Name Designation
Geeta Muralidhar Executive Director
V Ramachandran General Manager
Sandeep Mukherjee General Manager
Manoj Kumar General Manager
R Padmavathy General Manager
M Sentilnathan General Manager


Export Credit Guarantee Corporation of India Offices

Following are the locations where the Export Credit Guarantee Corporation has its regional offices:
  • New Delhi
  • Chennai
  • Kolkata
  • Bengaluru
  • Mumbai

The branch offices of Export Credit Guarantee Corporation are divided into five zones:
  • Eastern Region
  • Southern Region II
  • Northern Region
  • Western Region
  • Southern Region I

There are 5 offices in the Eastern Region in cities like Guwahati and Bhubaneshwar apart from Kolkata. In the Northern Region the organization has an office in every major city such as Agra, Chandigarh and New Delhi.

The Southern Region I covers cities like Chennai, Coimbatore, and Karur. In Southern Region II some of the main offices are Bangalore, Guntur, and Hyderabad.

Most of the offices in the Western Region are in Mumbai. Apart from that there are offices in leading cities like Ahmedabad and Indore.

Export Credit Guarantee Corporation of India Products and Services

The products and services of the Export Credit Guarantee Corporation are available under three heads:
  • Export Credit Insurance for Exporter
  • Special Schemes
  • Export Credit Insurance for Banks

They may be further explained as below:

Export Credit Insurance for Exporter

Short Term - (ECIE-ST)

  • Turnover Based

  1. Shipment Comprehensive Risk Policy (SCR)
  2. Export Turnover Policy (ETP)
  3. Small Exporter Policy (SEC)
  4. Export Specific Buyer Policy (BWP)
  5. Specific Shipment Policy (SSP)
  6. Consignment Exports Policy (CEP)
  7. Services Policy (SRC)
  • Exposure Based
  1. Buyer Exposure Policy (BEP)
  2. Small & Medium Enterprise (SME)
  3. IT-Enabled Services Policy (ITES)
  4. Software Project Policy (SPP)

Medium and Long Term (ECIE-MLT)
  • Construction Works Policy - (CWP)
  • Specific Services Policy - (SRC)
  • Specific Policy for Supply Contract
  • Specific Services Contract Policy - (SCP)
  • Specific Shipment Policy - (SSP)
  • Letter of Credit Confirmation Cover

Export Credit Insurance for Banks


Short Term (ECIB-ST)
  • Pre Shipment (PC)
  1. Individual Packing Credit - (INPC)
  2. Whole Turnover Packing Credit - (WTPC)
  3. Branch Wise Packing Credit - (BIPC)
  • Post Shipment (PS)
  1. Individual Post Shipment - (INPS)
  1. ECIB_INPS (With Exclusion)
  2. ECIB_INPS (Not Holding Standard Policy)
  3. ECIB_INPS (Without Exclusion)
  4. ECIB_INPS (Excluding Cover for Shipments Made Against LC)
  1. Export Finance (EF)
  2. Whole Turnover Post Shipment - (WTPS)
  • Export Performance (EP)

  1. Individual Export Performance (IN-EP)
  1. Individual Export Performance (ECIB-EPAP)
  2. Individual Export Performance (ECIB-EPLC)
2. Whole Turnover Export Performance (WT-EP)

Medium and Long Term (ECIB-MLT)
  • Individual Packing Credit - (INPC)
  • Export Finance [Overseas Lending] (EF-OL)
  • Individual Post Shipment - (INPS)
  • ECIB_Cash Flow Deficit Financing
  • Export Performance (EP)

Special Schemes

  • Buyer's Credit Cover
  • Overseas Investment Insurance
  • Lines of Credit Cover
  • Customer Specific Covers
  • Transfer Guarantee (TG)

Export Credit Guarantee Corporation of India Ltd Dividend Information

For the 2011-12 fiscal the Board of Directors at the Export Credit Guarantee Corporation have declared a final dividend of 3 rupees for each equity share. This is applicable for all the 9 crore equity shares that are worth INR 100 each.

It is expected that the total dividend combined with the dividend distribution tax will be equivalent to INR 62.76 crores and the payout ratio will be 27.87% of the net profit.

Export Credit Guarantee Corporation of India Ltd News

The Export Credit Guarantee Corporation has inaugurated the Faridabad branch on August 3 in order to provide more effective services for the banks and exporters in the city. This move is also expected to foster exports in the National Capital Region.

Export Credit Guarantee Corporation of India Ltd Contact Details



Following are the contact details of the Export Credit Guarantee Corporation of India headquarters:

Head Office
Express Towers, 10th Floor
Nariman Point,
Mumbai-400 021
Telephone number-(022)6659 0500-0510
Fax-(022)6659 0517/0546
E-mail [email protected]

National Marketing Division

Dalamal House,
2nd Floor, West Wing, J.B Marg,
Nariman Point,
Mumbai-400 021
Telephone number-(022)6613 8400/8426
Fax-(022)6613 8420
E-mail [email protected]

Last Updated on 30 August 2012

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