Bharti AXA General Insurance Company Limited, a joint venture between Bharti Group and AXA Group today announced that the Company has been granted Certificate of Registration by the Insurance Regulatory Development Authority (IRDA). thus paving way for the commencement of business.

Mr. Milind Chalisgaonkar, Chief Executive Officer, Bharti AXA General Insurance said “We are delighted to receive the certificate of registration and shall shortly commence the business operations. We are confident of serving customers with our innovative products, strong distribution, personalized service and efficient claims settlement. We aim to be the preferred company in the General Insurance market within next few years.”

Bharti holds 74% and AXA holds 26% of equity interest in the company. The company is headquartered in Bangalore and will establish a pan-India business network with offices and partnerships.

Bharti Group and AXA Group had launched Bharti AXA Life Insurance Company in 2006. They also have a joint venture for asset management - Bharti AXA Investment Managers. Illustrating their commitment to the Indian market, AXA Group will contribute their domain expertise, global blueprint, best practices and technology, whereas Bharti Group will bring in its strong local market expertise and countrywide retail distribution network.

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About Bharti Enterprises

Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri business, financial services and retail. Bharti has been a pioneering force in the telecom sector with many firsts and innovations to its credit. Bharti Airtel Limited, a group company, is one of India’s leading private sector providers of telecommunications services with an aggregate of 69.15 million customers as of end of May 2008, spanning Mobile services, Telemedia services and Enterprise services. Bharti Airtel has been ranked amongst the best performing companies in the world in the BusinessWeek IT 100 list 2007. Bharti Teletech is the country’s largest manufacturer and exporter of telephone terminals. Bharti has a joint venture - FieldFresh Foods (P) Ltd – with Del Monte Foods India Pvt. Ltd., to offer fresh and processed fruits and vegetables in the domestic as well as international markets including Europe, USA and Middle East. Bharti has a joint venture - Bharti AXA Life Insurance Company Ltd. - with AXA, world leader in financial protection and wealth management. Bharti also has a joint venture for an asset management company - Bharti AXA Investment Managers Private Ltd. - with AXA IM and AXA APH. Bharti has recently forayed into retail business under a company called Bharti Retail Pvt. Ltd. It also has a joint venture - Bharti Wal-Mart Private Ltd. - with Wal-Mart for wholesale cash-and-carry and back-end supply chain management operations in India.

About AXA

AXA Group is a worldwide leader in Financial Protection. AXA’s operations are diverse geographically, with major operations in Europe, North America and the Asia/Pacific area. AXA had Euro 1,281 billion in asset under management as of December 31, 2007. For full year 2007, IFRS revenues amounted to Euro 93.6 billion and IFRS adjusted earnings to Euro 6.1 billion.

The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISIN FR0000120608-Bloomberg: CS FP- Reuters: AXAF.PA). The American Depository Share is also listed on NYSE under the ticker symbol AXA.