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Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint venture in March 2018. It sold its entire 51.3% stake: 26% went to DP Jindal Group’s Diamond Dealtrade and the remaining 25.3% went to Enam Securities.Parag Ved, CEO and wholetime director of Liberty General Insurance, said, “With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments.”
