On November 7, 2025, the Competition Commission of India (CCI) approved the proposed merger of Girnar Finserv Private Limited, Girnar Insurance Brokers Private Limited, D2C Consulting Services Private Limited, and RB Info Services Private Limited into Artivatic Data Labs Private Limited.
Girnar Finserv Private Limited, controlled by Girnar Software Private Limited (GSPL), offers marketing communication services. Girnar Insurance Brokers Private Limited, also controlled by GSPL, distributes insurance products through its InsuranceDekho platform and holds a composite broking license from the Insurance Regulatory and Development Authority of India (IRDAI). GSPL owns and operates various platforms, including CarDekho, BikeDekho, TractorDekho, TruckDekho, BicycleDekho, BusDekho, BatteryDekho, Rupyy, CarDekho Auctions, PowerDrift, ZigWheels, Revv, CollegeDekho, Crack-Ed etc.
D2C Insurance Broking Private Limited provides insurance brokerage services and holds a direct broker license from IRDAI. D2C Consulting Services Private Limited is engaged in marketing and management consulting services. RB Info Services Private Limited sells wellness products and acts as a direct selling agent for loans and credit cards. D2C Consulting, D2C Insurance and RB Info operate the RenewBuy platform.
Artivatic Data Labs Private Limited provides insurance-related IT services.
The merger, based on the Merger Framework Agreement executed on May 12, 2025, will see Girnar Finserv, Girnar Insurance, D2C Consulting, and RB Info merge into Artivatic. A detailed order from the Commission will be released later.
The visitor counter is 95. The release ID is 2187558. The release can also be read in Urdu.
Key Entities Referenced
Competition Commission of India: The regulator that approved the proposed merger.
IRDAI: The Insurance Regulatory and Development Authority of India, which regulates insurance brokers.
Proposed Merger of Girnar Finserv Private Limited; Girnar Insurance Brokers Private Limited; D2C Consulting Services Private Limited; RB Info Services Private Limited into Artivatic Data Labs Private Limited: The core subject; merger of several companies into Artivatic Data Labs Private Limited.
Competition Commission of India
CCI approves the Proposed Merger of Girnar
Finserv Private Limited; Girnar Insurance
Brokers Private Limited; D2C Consulting
Services Private Limited; RB Info Services
Private Limited into Artivatic Data Labs Private
Limited.
Posted On: 07 NOV 2025 8:12PM by PIB Delhi
The Competition Commission of India has approved the Proposed Merger of Girnar Finserv Private
Limited; Girnar Insurance Brokers Private Limited; D2C Consulting Services Private Limited; RB
Info Services Private Limited into Artivatic Data Labs Private Limited.
Girnar Finserv Private Limited (Girnar Finserv) is a private limited company and is controlled by
Girnar Software Private Limited (GSPL). It offers marketing communication services in India.
Girnar Insurance Brokers Private Limited (Girnar Insurance) is a private limited company and
also controlled by GSPL. It is involved in the distribution of various insurance products in India
through its platform, InsuranceDekho. InsuranceDekho holds a composite broking license from the
Insurance Regulatory and Development Authority of India (IRDAI).
Girnar Software Private Limited (GSPL) is a private limited company. GSPL and its affiliates own
and operate various platforms including, CarDekho, BikeDekho, TractorDekho, TruckDekho,
BicycleDekho, BusDekho, and BatteryDekho, Rupyy, CarDekho Auctions, PowerDrift, ZigWheels,
Revv, CollegeDekho, Crack-Ed etc.
D2C Insurance Broking Private Limited (D2C Insurance) is engaged in providing insurance
brokerage services through online and offline channels and holds a license to act as a Direct Broker
(Life & General Insurance) issued by IRDAI in accordance with IRDAI Broker Regulations.
D2C Consulting Services Private Limited (D2C Consulting) is engaged in marketing and
management consulting services.
RB Info Services Private Limited (RB Info) is active in the sale of wellness products and acts as a
direct selling agent for loans and credit cards. D2C Consulting, D2C Insurance and RB Info operate
the RenewBuy platform, which simplifies insurance and financial products and makes them accessible
for customers through its digitally enabled advisors.Artivatic Data Labs Private Limited (Artivatic) provides insurance related IT services such as API
based and SaaS solutions for underwriting and claim assistance.
The proposed combination envisages that Girnar Finserv, Girnar Insurance, D2C Consulting and RB
Info will merge into and ultimately be housed in Artivatic, pursuant to the Merger Framework
Agreement executed on 12th May 2025 (MFA) (Proposed Combination).
Detailed order of the Commission will follow.
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NB/PK
(Release ID: 2187558) Visitor Counter : 95
Read this release in: Urdu