History Field

No time for standing still

Karvat Group was established in Mumbai in 1952. In 62 years since then, here are some of our milestone achievements and events that have shaped who we have become.

1952
Karvat Group was established in Mumbai by Mr N.B Karvat.
1972
Mr Ashok Karvat succeeds Mr N B Karvat.
2001
Inception of TrawellTag Cover-More and Mr Dev Karvat takes charge as the Managing Director
First client to avail global assistance and travel insurance services – Kouni together with SOTC.
Marked the inception of online travel agent service portal.
2005
The first of its kind metallic tag for luggage tracking – ‘TrawellTag’ was introduced.
2007
We expanded our business distribution network to more than 500 employees operating in 57 branches.
2010
We introduced Emergency Medical Assistance Services.
2011
We launched Concierge Assistance and Family Protection Services.
2012
We set our foot globally with our strategic partnership with Cover-More Group and rebranded to Karvat Cover-More Assist Pvt. Ltd., TrawellTag Cover-More and HealthFirst Cover-More.
2013
Recognised as ‘Best Insurance Provider Award by Travel Agents Association of India (TAAI) Bengaluru, India.
Started Travel Agents Engagement Programme (TAEP) to empower the travel agent fraternity.
Cover-More got listed on the Australian Securities Exchange (ASX) in December 2013, it was the first and only specialist travel insurance and assistance company to do so.
In 2013 we launched Travel Agent’s Engagement Programme to travel agency business in India.
2014
We stepped into social media platform.
Won India Travel Awards (East, West, North and South Zone) in the category of Best Travel Insurance Provider and Mr Dev Karvat, Managing Director was felicitated with Face of the Future Award at India Travel Award and Entrepreneur of the Year in Hospitality India Award.
We sign a new five-year underwriting agreement with United India Insurance.
We started our travel insurance partnership with India’s renowned Travel Management Companies.
2015
Mr Dev Karvat was awarded the ‘Young Turk of the Year’ at 2nd Travel nd Hospitality Awards Ceremony.
Mr Dev Karvat was honoured with the Outstanding Young Person of India (OYP) award under the category ‘Business Accomplishment’ by the Junior Chamber International (JCI) committee India.
TrawellTag Cover-More was honoured with the prestigious award in the “Best Travel Insurance Company” category at the Tamil Nadu Tourism Awards
2016
We have aggressively forayed in the e-Commerce segment and have associated with leading airlines and travel aggregators, such as Goibibo, Yatra and Go Air this year. We have tied up with Amex, a Fortune 500 listed company for a strategic partnership.
TrawellTag Cover-More bags ‘Best Travel Insurance Award’ at Tourism Awards Gujarat event for creating compelling experiences & adopting best practices.
Mr Dev Karvat is honoured with ‘Award for Excellence’ at the prestigious TAAI Conference 2016 for his valuable contribution towards the Travel Industry and his efforts to change the face of Travel Assistance in India