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CONTENTS

Directors and Management 2

Board of Directors 3

Senior Management Team 4

Team of Regional Managers 5

Chairman's Speech 6

From the General Manager 9

Directors' Report 11

Attendance log for the Meetings of Board of Directors 19

Management Report 20

C&AG Report 22

Auditors' Report 23

RevenueAccount 26

Profit & LossAccount 27

Balance Sheet 29

Schedules to theAccounts 30

Significant Accounting Policies and Notes Forming Part ofAccounts 39

Summary of Financial Statements 57

Summary of Accounting Ratios 58

Cash Flow Statement 59

Balance Sheet Abstracts and Company's Business Profile 60

Agriculture Insurance Company of India Limited

DIRECTORS AND MANAGEMENT

Mr. M. Parshad

Mr. Tarun Bajaj Mr. Satish Chander* Mr. Mukesh Khullar

Mr. Lalit Kumar Mr. K.N. Bhandari Mrs. Bhagyam Ramani

Mr. S.K. Mitra Mr. Sujit Das Mr. I.S. Phukela

Mr. S.K. Chanana Mr.A.Asthana

Mr. P.C. James Mr. B.M. Sharma

Mr. R.Alagar Mr. Ramnath

Mr. K.N. Rao Mr. M.K. Poddar

Mr.Avinanda Ghosh Mr. Rajiv Chaudhary

Mr. S. Chidambaram

Mrs. Kanika Sharma Shandil

M/s. Kishore & Kishore, Chartered Accountants

M/s. S.P. Puri & Co., Chartered Accountants

"AMBADEEP" (13th Floor)

14, Kasturba Gandhi Marg, New Delhi-110001

Phone : 011-41081991-4, Fax : 011-41081995

Chairman-cum-Managing Director

Directors

General Managers

Deputy General Managers

Chief Managers

Appointed Actuary

Assistant Company Secretary

Auditors

Registered Office

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Mr. S. K. Mitra

Mr. Sujit Das Mr. S. K. Chanana Mr. A. Asthana

ED, NABARD

GM, NIC GM, OIC GM, UIIC

Mr. Lalit Kumar Mr. K. N. Bhandari Mrs. Bhagyam RamaniDS (B&I), MoF, GOI Director, AIC GM, GIC

Mr. I.S. PhukelaGM, NIA

Mr.Tarun Bajaj Mr. Satish Chander* Mr. Mukesh KhullarJS (B&I), MoF, GOI JS (C&C), MoA, GOI JS (DM), MoA, GOI

Mr. M. ParshadChairman-cum-Managing Director

*Retired on 30th April 2008

BOARD OF DIRECTORS

3

Agriculture Insurance Company of India Limited

Mr. R. Alagar

Mr. P.C. James

Mr. Ramnath

Mr. B.M. Sharma

Mr. K.N. Rao Mr. M.K. PoddarDy. General Manager

General Manager

Dy. General Manager

General Manager

Dy. General Manager Dy. General Manager

Mr. Avinanda Ghosh Mr. Rajiv ChaudharyChief Manager Chief Manager

SENIOR MANAGEMENT TEAM

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Mrs. Rajeshwari Singh

Mr. K.K. Gupta

Mr. D. Singh

Mr. S. Patnaik

Mr. Anupam Das

Dr. M. Dattagupta

Dr. Ashok Yadav

Mr. D. G. Halve

Mr. C. Anbarasu

Mr. B.S. Rahul

Mr. K.K. Mahapatra

Bhopal

Dehradun

Kolkata

Mr. K.K. BadgaiyanAhmedabad

Bhubhaneshwar

Guwahati

Lucknow

Mr. N. SugumarBangalore

Chandigarh

Mr. P. NagarjunHyderabad

Mumbai

Mr. Ch. B.N. Praharaj Mrs. Bharathi VijjiraveluRaipur Thiruvananthapuram

Chennai

Jaipur

Patna

Mr. S.N. BasuRanchi

TEAM OF REGIONAL MANAGERS

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