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.

Karvat Group was established in Mumbai by Mr N.B Karvat.
Mr Ashok Karvat succeeds Mr N B Karvat.
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.
The first of its kind metallic tag for luggage tracking – ‘TrawellTag’ was introduced.
We expanded our business distribution network to more than 500 employees operating in 57 branches.
We introduced Emergency Medical Assistance Services.
We launched Concierge Assistance and Family Protection Services.
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.
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.
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.
Mr Dev Karvat was awarded the ‘Young Turk of the Year’ at 2nd Travel & Hospitality Awards Ceremony.
Mr Dev Karvat was honored with the Outstanding Young Person of India (OYP) award under the category ‘Business Accomplishment’ by the Junior Chamber International (JCI) committee India.