Archies receives insurance claim of Rs 5.02 crore from Oriental Insurance Company
17th Dec 2020

Archies has received Insurance Claim of Rs 5.02 crore from Oriental Insurance Company. The company had claimed for Rs 5.11 crore for fire loss.  Earlier, on February 14, 2019, a fire incident occurred at the Corporate Office Premises of the company causing damage to Property, Plant and Equipment and Inventory.

Archies is India's market leader in the social expression industry. It has grown from a cards-only company to a complete social expressions company.