MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About IGE (India) Private Limited and Elpro International Limited
IGE India is one of the investment vehicles of the Dabriwala family promoted by Mr. Rajendra Dabriwala and his son, Surbhit Dabriwala. Founded in 1930, IGE was the JV firm with General Electric with diversified business interests in medical systems, financial services, real estate services, power services, training, silicones and media. Since 2006, the Dabriwala family bought out GE's stake in IGE, and it has made several investments in real estate, private equity, and listed companies.
Elpro International Limited (BSE: ELPROINTL BSE: 504000), founded in 1961, operated as a joint venture between the Dabriwala family and General Electric, engaged in the manufacturing of electrical equipment. Post GE's divestment in 1997, the flagship company in IGE India's portfolio has forayed into retail, real estate, and R&D centers for the automobile sector. Some of the notable investments of the family include PNB MetLife (Financial services): a JV with PNB and MetLife, Fanuc India (Robotics): a JV with Fanuc Japan, International Conveyors Limited (Manufacturing): set up in collaboration with Scandura Plc and Kaer (commercial air-conditioning solutions): a JV with Kaer Singapore. IGE India looks at mid-market, sector-agnostic opportunities and contributes to building sustainable business models in India as a long-range investor. For more information visit, igeindia.com.
The forward-looking statements in this news release, which contain words such as “continued,” “will,” and other words of similar meaning, are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it has no obligation to correct or update any of these statements.