Bharti AXA Life Insurance was formed and commenced business operations during the second wave of growth in the private Insurance space in 2006. Bharti AXA brings together strong financial expertise of the Paris-headquartered AXA Group and Bharti Enterprises - one of India's leading business groups with interests in Telecom, agricultural business and financial services. Presently, the joint venture has a 51% stake from Bharti Group and 49% stake from AXA, in line with the regulatory framework on ownership in the Insurance sector.