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ECGC Ltd., was established on 30 July 1957 to strengthen the export promotion by covering the risk of exporting on credit. It functions under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, Government of India. It is managed by an Asset Management Company comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community.
The name of the company has been changed from Export Credit Guarantee Corporation of India Limited to ECGC Limited with effect from 8 August 2014 as per the certificate issued by the Deputy Registrar of Companies, Registrar of Companies, Mumbai.
ECGC Ltd. is the seventh largest credit insurer in the world in terms of coverage of national exports. The present paid-up capital of the company is ₹3,190 crores and authorised capital is ₹5,000 crores.
From Wikipedia’s article on Export Credit Guarantee Corporation of India, shared under CC BY-SA 4.0.4