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F69
forming part of the Consolidated Accounts (Contd.)
Sr.
no.
Name of the entity Country of
incorporation
Nature of
relationship
Nature of business Ownership
interest
schedules
12. ICICI International Limited Mauritius Subsidiary Asset management 100.00%
13. ICICI Prudential Pension Funds Management
Company Limited
1
India Subsidiary Pension fund management 100.00%
14. ICICI Prudential Life Insurance Company
Limited
India Subsidiary Life insurance 73.84%
15. ICICI Lombard General Insurance Company
Limited
India Subsidiary General insurance 73.22%
16. ICICI Prudential Asset Management
Company Limited
India Subsidiary Asset management company 51.00%
17. ICICI Prudential Trust Limited India Subsidiary Trustee company 50.80%
18. ICICI Equity Fund India Consolidated as
per AS 21
Unregistered venture capital fund 100.00%
19. ICICI Strategic Investments Fund India Consolidated as
per AS 21
Unregistered venture capital fund 100.00%
20. ICICI Kinfra Limited India Consolidated as
per AS 21
Infrastructure development
consultancy
76.00%
21. I-Ven Biotech Limited India Consolidated as
per AS 21
Investment in research and
development of biotechnology
100.00%
22. FINO PayTech Limited
2
India Associate Support services for financial
inclusion
27.11%
23. I-Process Services (India) Private Limited
2
India Associate Services related to back end
operations
19.00%
24. NIIT Institute of Finance Banking and
Insurance Training Limited
2
India Associate Education and training in banking
and finance
18.79%
25. ICICI Merchant Services Private Limited
2
India Associate Merchant servicing 19.00%
26. Mewar Aanchalik Gramin Bank
2
India Associate Banking 35.00%
27. India Infradebt Limited
2
India Associate Infrastructure finance 31.00%
1. ICICI Prudential Pension Funds Management Company Limited is a wholly owned subsidiary of ICICI Prudential Life Insurance Company
Limited.
2. These entities have been accounted as per the equity method as prescribed by AS 23 on ‘Accounting for Investments in Associates in
Consolidated Financial Statements’.
3. During the three months ended September 30, 2013, TCW/ICICI Investment Partners Limited ceased to be a Jointly controlled entity
and accordingly, has not been accounted as per the proportionate consolidation method as per AS 27.
4. During the three months ended December 31, 2013, ICICI Venture Value Fund ceased to be a consolidating entity and accordingly, has
not been consolidated.
5. During the three months ended March 31, 2014, ICICI Eco-net Internet and Technology Fund, ICICI Emerging Sectors Fund and Rainbow
Fund ceased to be a consolidating entity and accordingly, have not been consolidated.
The financial statements of Comm Trade Services Limited have not been consolidated under AS 21, since the investment is
temporary in nature. Investment in 3i Infotech Limited (3i Infotech) in which the Group holds 26.70% equity shares has not
been accounted as per equity method under AS 23 at March 31, 2014 based on the severe long-term restrictions on 3i Infotech
under restructuring arrangement that impair the ability of 3i Infotech to transfer funds to its investors and the Group’s continued
intention to reduce the stake in 3i Infotech below 20.00% in the future.