SHCIL Projects Limited (SPL) is a wholly owned subsidiary of Stock Holding Corporation of India Limited, which is a single window service provider to the financial services sector in India. SPL has been incorporated in the year 2006 with the objectives of providing end to end technology services to the financial services sector in the following areas. SPL operates from its head offices at SHCIL House, Plot No. P-51, T.T.C Industrial Area, MIDC, Mahape, Navi Mumbai-400701 along with over 250 other branch offices. The principle business service provided by SPL is Document Digitization & Record Management and the company has managed many highly challenging projects for blue chip organizations from the corporate and public sectors. The service quality of SPL is boosted by the IT operations of SHCIL that is certified by ISO 9001 and CMM Level 3 standards. A state of the art data center with robust servers, VSATS, Radio Quick Links, and ISDN connectivity forms the backbone of the operations that SPL engages in for its clients. SPL has a proven expertise in providing secure storage solutions for physical documents that is coalesced with a leading edge in related areas such as Document Management Software, Digitization Solutions, Data Management Solutions and digital repositories for data and information. These factors contribute to the leading position that SPL has created for itself as a unique service provider in its domain. SPL maintains its physical custody locations at Mumbai, Delhi, Calcutta, Chennai, Jaipur, Lucknow and Kochi. This wide geographical coverage across the county places SPL in the best position to be close to its clients at all times thus giving it high customer responsiveness.

Insurance Repository

SHCIL Projects Ltd. has been granted in-Principle Approval to act as an Insurance Repository by IRDA vide July 25, 2011.

Objective

The objective of setting up an Insurance Repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies. The insurance repository has put in place measures to safeguard the privacy of the data maintained and adequate systems to prevent manipulation of records and transactions.