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Board Of Directors

  •  
    Mr. Analjit SinghFounder & Chairman Emeritus

    Mr. Analjit SinghMr. Analjit Singh is the Founder and Chairman Emeritus, Max Group, and Chairman of Max Ventures & Industries and Antara Senior Living. As Founder and Chairman Emeritus, Mr. Analjit Singh provides guidance and vision to the Group and its executive management.

    An industry statesman, he was awarded the Padma Bhushan, one of India’s top civilian honours in 2011. He is also the Chairman of Vodafone India, and is on the Board of Tata Global Beverages and Sofina NV/SA, Belgium. He has significant interests in real estate in India and lifestyle related ventures in the Western Cape, South Africa, pertaining to viticulture, wine making and hospitality.

    Mr. Analjit Singh is a member of the Founder Executive Board of the Indian School of Business (ISB), India’s top ranked B-School, and has served as Chairman of Board of Governors of the Indian Institute of Technology (IIT), Roorkee – India’s most prestigious engineering college.He was awarded the Ernst and Young Entrepreneur of the Year Award (Service Category) in 2012 and the US India Business Council Leadership Award in 2013.

    In 2014, he was awarded with Spain’s second highest civilian honour, the Knight Commander of the Order of Queen Isabella. He is an alumnus of Doon School and Shri Ram College of Commerce (SRCC), Delhi University, and holds an MBA from Boston University.

    In 2015, he was conferred the Degree of Honorary Doctorate by Amity University in recognition of his unique achievements in the fields of business, governance and education. He also serves as the Honorary Consul General of the Republic of San Marino in India.

    Mr. Analjit Singh has resigned from the Board of Max Life Insurance effective January 29, 2016

  •  
    Mr. Rahul KhoslaChairman, Max Life Insurance

    Mr. Rhul KhoslaMr. Rhul Khosla is a seasoned business leader with deep management experience, broad leadership skills and wide business perspectives developed over the last 30 years of working in India and globally. He is currently President, Max Group and the Executive President of Max Financial Services. In addition, he is the Chairman of the boards of Max India, Max Life Insurance and Max Healthcare. He also serves on the Boards of Max Ventures and Industries, Max Bupa Health Insurance and Antara Senior Living.

    As President, Mr. Khosla is the senior most executive in the Group. He is responsible for Group strategy, and the overall management of Group capital, performance, people, partnerships, governance, policies, brand, reputation and external representation, while enhancing the Group’s framework of core values.

    Till January 2016, Mr. Khosla was the Managing Director of the erstwhile consolidated Max India Limited. Under his leadership over the past four years, the Max Group has successfully delivered superior financial performance, significantly grown market capitalization, built organizational depth and concluded seminal corporate transactions across its businesses. He has formulated and is leading the implementation of a comprehensive strategic framework across the Group to deliver long-term value. Before joining Max, Mr. Khosla spent 11 years based in Singapore as the Group Head of Products for Visa across Asia Pacific, Central Europe, Middle East and Africa, following his role as Chief Operating Officer for the Asia Pacific region. He held several senior roles prior to this - as Country Head for ANZ Grindlays’ consumer banking businesses in India; Head of Retail Assets, Strategy, Finance and Legal at Bank of America and as CFO for the American Express TRS businesses for India and South Asia, eventually going on to set up a pioneering in-house global processing facility for American Express.

  •  
    Mr. Rajesh SudExecutive Vice Chairman & Managing Director, Max Life Insurance

    Rajesh SudMr. Rajesh Sud was appointed Executive Vice Chairman and Managing Director of Max Life Insurance with effect from January 29, 2016. Max Life Insurance started operations in 2001 when the insurance sector was opened to private participation. A founder team member, Rajesh was amongst the first few management team members to join Max Life Insurance. In November 2008, he took over as the CEO & Managing Director of the company. He leads the company towards achieving its vision of being the most admired life insurance company by securing the financial future of our customers.

    Prior to this, Rajesh was responsible for establishing a multi channel distribution network for the individual life business. Rajesh has successfully established Agency as the core channel for the company with strong focus on process, training and productivity. These strong foundations have allowed Max Life Insurance to rapidly grow to pan India presence with a professional and trained sales force, which is widely regarded as the best in the industry. Under his leadership, Max Life Insurance entered bancassurance relationship with Axis Bank which is today the largest non-captive bancassurance relationship in Indian life insurance sector.

    Apart from his distribution role, Rajesh has also worked on many cross-functional projects and played a key role in defining Max Life Insurance's business strategy and growth plans.

    Prior to joining Max Life Insurance, Rajesh was the Head of Asset Finance business at the largest foreign bank in India, ANZ Grindlays Bank and was seconded as the CEO and MD of the Bank's subsidiary finance company, Esanda Finance and Leasing Ltd. Rajesh started his career with Bank of America and held various positions of increasing responsibility. Rajesh was part of the transition team that managed the successful sale of Bank Of America's consumer banking business to ABN Amro Bank and served as the Head of Consumer Banking Sales.

    Rajesh completed his Advanced Management Program from Wharton Business School, University of Pennsylvania, Philadelphia, USA. He also has a Management post graduation degree in Marketing and Finance from Faculty of Management Studies, Delhi University.

  •  
    Mr. Mohit TalwarDirector, Max Life Insurance

    Mohit TalwarMr. Mohit Talwar was appointed as an Additional Director of Max Life Insurance with effect from January 30, 2016.

    Mohit Talwar is the Managing Director of Max Financial Services and Max India. In addition, he is the Vice Chairman of Max Ventures & Industries Limited (MVIL), Chairman of Max Speciality Films and serves on the Boards of Max Life Insurance, Max Healthcare, Max Bupa and Antara Senior Living.

    Till January 2016, Mr. Talwar was the Deputy Managing Director of the erstwhile consolidated Max India Limited. In this role, Mr. Talwar led on multiple fronts including effective shareholder alignment – especially with Max Group’s valued joint venture partners, progressing new business opportunities – both organically and inorganically, ensuring appropriate funding arrangements for the Group, optimizing capital management and treasury, managing investor and analyst relations and advising management and shareholders on capital market implications. In his tenure with the Max Group, he has successfully leveraged his strong relationships with institutional investors, hedge funds, banks and private equity firms, and led several complex corporate finance and financial structuring deals to ensure adequate investment and liquidity for the Company’s operations. He spearheaded the setting up of Max Bupa Health Insurance, the Health Insurance Joint Venture of Max India with Bupa. Mr. Talwar is also responsible for driving synergies across the Max Group and has played a central role in executing key transactions across Group companies. These include, among others, bringing on board MS&AD Insurance Group Holdings, a Japan-headquartered global insurance company, as the new joint venture partner for the Group’s life insurance business, Life Healthcare’s investment of 26% in Max Healthcare, and later the equalization of its stake in the business, and most recently, the mega-restructuring of the erstwhile Max India into three new listed companies.

    Mr. Talwar has a wealth of experience in Corporate Finance and Investment Banking, and spent 24 years in Wholesale Banking in Standard

  •  
    Mr. Rajit Mehta Director, Max Life Insurance Co. Ltd.

    Rajit MehtaMr. Rajit Mehta was appointed Director of Max Life Insurance with effect from November 01, 2008. He is a seasoned business manager with a wide domain of expertise built over 20 years in financial services.

    Rajit is a founder member of the Company and has seen it through its formative years. In his previous role Rajit was Executive Director and Chief Operatiing Officer at Max Life Insurance. His responsibilities included Customer Service and Operations, Information Technology, Business Excellence and Infrastructure & Facilities. He was also the mentor for setting up a Learning & Development Centre of Excellence (CoE). He was also involved in Project Max Vijay, an innovative Retail business model aimed at providing protection and long term wealth creation opportunities to the underserved segments in India.

    For two years he also took additional responsibilities as the Chief Transformation Officer for the company. This entailed setting up a Governance framework to oversee execution of key initiatives, designing and implementing New Work Systems, aligning key stakeholders, rationalizing the cost structure substantially to improve profitability and laying down a comprehensive Change Management agenda. Max Life has during this period, not only doubled its Market share and but has also seamlessly transited to a new Brand identity.

    Rajit has been instrumental in building the company's Human Capital, recruiting and retaining a strong management team, creating a positive work environment and culture and ushering "best-in-class" HR practices. He has successfully led several projects to achieve Service Excellence and Operational Efficiencies to support business strategy. This included putting a Service Blueprint in place, reconfiguring the Organization Design, Technologies, Front-end Service delivery system, introduction of Self-Service mechanisms and implementing a comprehensive Outsourcing Strategy to impact Customer experience and costs.

    Rajit has played a strategic role in helping the company expand its distribution footprint across India including facilitating a project to "Revamp Sales processes". The project culminated in Rajit co-authoring a book titled "Growth Leadership Practices at Max Life".

    Prior to Max New York Life, he was the Director – Personnel at Bank of America and has also worked with HCL. His total experience spans 28 years. Rajit is a graduate in Commerce, post graduate in Human Resources and has also attended an Advanced Management Program at INSEAD – France. He is the recipient of the Chairman's Award for Excellence at Max New York Life. He has also received a certificate of Merit for securing First position from Indian Society of Training and development and has been trained as an assessor on the Malcolm Balridge Excellence framework.

  •  
    Ms. Marielle Theron Director, Max Life Insurance Co. Ltd.

    Ms.TheronMs.Theron was appointed Director of Max Life Insurance with effect from May 2009. She is a Principal of Erlen Street Corporation, Switzerland, a company that specialises in strategic investment and management consulting solutions.

    Prior to that, Ms Theron worked in both consulting and corporate roles for multi-national companies and governments across Europe, Asia, Australia, New Zealand and South Africa, advising on insurance and investment related solutions. She holds a B.Sc. majored in Actuarial Science from Laval University, Canada and is a Fellow of the Society of Actuary (FSA).

  •  
    Mr. Rajesh KhannaDirector, Max Life Insurance Co. Ltd.

    Mr. Rajesh KhannaMr. Rajesh Khanna was appointed Director of Max Life Insurance with effect from July 2012.

    He is the Founder & CEO of Arka Capital Advisors Pvt. Ltd., and is an angel investor in early stage companies. Previously, he serves as the MD and India Head at Warburg Pincus, and was a member of its global Executive Management Group . He served on the Board of Lemon Tree Hotels, Lokmat Media and Max India. Prior to joining Warburg Pincus, he worked with Citibank N.A. and Arthur Andersen & Co.

    Rajesh Khanna holds an MBA from IIM, Ahmedabad and is a Chartered Accountant.

  •  
    Mr. John Poole Director, Max Life Insurance Co. Ltd.

    Mr. John Poole Mr. John Poole was appointed Director of Max Life Insurance with effect from July 2012.

    John joined Max Life in 2005 and served as the Appointed Actuary from 2005 till 2011.

    Before joining Max Life Insurance, John's career was spent mainly with the AMP – one of Australia's leading life insurers. He held a number of actuarial and finance positions in AMP including Finance Director for AMP Asia where he was involved in Business Development activities in the People's Republic of China, India and Japan. He also served as CFO and Actuary for the largest of AMP's Australian business units.

    John attended London University where he majored in mathematics and then qualified as a Fellow of the Institute and Faculty of Actuaries before joining AMP's operations in Sydney.

  •  
    Mr. K. Narasimha MurthyDirector, Max Life Insurance Co. Ltd.

    Mr. K. Narasimha MurthyMr. K. Narasimha Murthy was appointed as an Independent Director of Max Life Insurance Co. Ltd. with effect from August 23, 2013.

    Closely involved with several National level Financial Institutions, he is presently serving on the Board of ONGC., LIC Housing Finance Ltd., STCI Finance Ltd.(Formerly Securities Trading Corporation of India Ltd.), Infiniti Retail Limited, APSFC, Max Bupa Health Insurance Co. Ltd and Board of Supervision NABARD. In addition, he also serves as an Independent Director on the Board of many large Corporates.

    In the past, Mr. Murthy has served as a Director with IDBI Bank Ltd.(2001-11), UTI Bank Ltd., (presently AXIS Bank)(1999-2004), Unit Trust of India (UTI)(2002-03), IFCI Ltd.(2008-09), APIDC Ltd., Bombay Stock Exchange and many more. As the Chairman of Expert Committee on Urban Co-op. Banks (UCBs)(2002) in A.P., he has analysed the performance of more than 140 UCBs.

    Mr K. Narasimha Murthy holds brilliant academic records. He scored ranks in both CA & ICWA courses and entered the Profession of Cost & Management Accountancy in 1983. Expert in his field, he has to his merit credits of turning around of many large Corporates, focusing on systems improvement with Cost Reduction approach. Currently, he is associated with the development of Cost & Management Information Systems for more than 150 Companies covering more than 45 industries.

    His efforts in the furtherance of Costing & Management Accounting Profession in India have been recognised by the Institute of Cost & Works Accountants of India (ICWAI). The institution honoured him with citation in October 2007. He was recently also nominated as a Member Convener on the Implementation & Monitoring Committee on Audit Reforms in Public Sector Banks by the Govt. of India.

  •  
    Mr. D.K. MittalDirector, Max Life Insurance Co. Ltd.

    Mr. D. K. MittalMr. D. K. Mittal was appointed as an independent non-executive Director of Max Life Insurance with effect from April 01, 2014. He is a former Indian Administrative Service (IAS) officer of 1977 batch (UP cadre) and has served the government of India in various capacities. Until last year, Mr. Mittal was Secretary, Department of Financial Services, where he was responsible for overseeing Banking, Insurance and Pension policies of India. During his tenure he worked very closely with the RBI and was on the Board of the RBI, LIC, State Bank of India, IIFCL and IIFCL(UK). Previously as Secretary, Ministry of Corporate Affairs, he has worked closely with ICAI, ICSI and ICWAI. As an Additional Secretary, Department of Commerce, Mr. Mittal was the chief negotiator of India for WTO negotiation. He also supervised all multilateral Preferential Tariff negotiations, development and operation of SEZs in India and FDI and Overseas Investment from India. As Joint Secretary, Ministry of Commerce, he had oversight of International Trade and Special Economic Zones. He formulated SEZ policy in March 2000 for the first time in India. He was with ILFS on secondment from the Govt of India and worked in the area of project development and financing of infra projects.

    Mr. Mittal has hands on experience in Infrastructure, International Trade, Urban Development, Renewable Energy, Agriculture Development and Micro- Credit, Corporate Governance, Banking, Insurance, Pension and Finance.

    He holds a Master’s degree in physics with specialization in Electronics from University of Allahabad, India.

  •  
    Mr. Masataka KitagawaDirector, Max Life Insurance Co. Ltd.

    Mr. Masataka KitagawaMr. Masataka Kitagawa was appointed Director of Max Life Insurance Co. Ltd. with effect from July 28, 2015. He is responsible for Mitsui Sumitomo Insurance's overseas life insurance business. He has an experience of more than 30 years in insurance industry, including 13 years as a Liability Insurance underwriter in Fire & Casualty Insurance Underwriting Department, 8 years of overseas business experience in London & Bermuda and 3 years experience as the general manager of IR (investors relationship) Department involving the company’s strategy and corporate planning.

    In Bermuda he was resposible for inward reinsurance business for 3 years as President & CEO of reinsurance subsidiary with advanced knowledge of reisurance and exellent management skill in the competitive market.

    He holds a Bachelor of Sociology from Hitotsubashi University, Tokyo.

  •  
    Mr. Hideaki NomuraDirector, Max Life Insurance Co. Ltd.

    Mr. Hideaki NomuraMr Hideaki Nomura was appointed Director of Max Life Insurance Co. Ltd. with effect from June 27, 2012. Mr. Hideaki Nomura has 30 years experience in financial industries including insurance, banking and investment banking.

    In his tenure with Mitsui Sumitomo Insurance., Ltd. ("MSI") for 18 years, He took a strategic role in helping the company expand into Asian local insurance businesses by analyzing, structuring and valuating M&A transactions, such as Sinatay Life in China, Sinarmas Life in Indonesia, Hong Leong Assurance in Malaysia, Hong Leong Takaful in Malaysia, Mingtai Insurance in Taiwan, etc.

    He was also in charge of establishing new businesses, such as Unit-Linked Annuity Joint Venture with Citigroup, defined contribution business and mutual fund business.

    Prior to joining MSI, He spent 12 years in Nippon Credit Bank (currently Aozora Bank) and its investment banking subsidiary in London, where his roles were bond trading, fixed income market analysis, financial derivatives sales, credit analysis and providing loans to corporations.

    He holds an MBA from Graduate School of International Corporate Strategy, Hitotsubashi University, Tokyo, completed his exchange program from Anderson Business School at University of California, Los Angeles and has a BA in Economics from Keio University, Tokyo.

    He is a Chartered Member of the Securities Analysts Association of Japan and a Certified Financial Planner granted by Japan Association for Financial Planners.

  •  
    Mr. Toshinari Tokoi

    Mr. TokoiMr. Toshinari Tokoi has resigned from the Board of Max Life Insurance effective July 27, 2015.

  •  
    Mr. Anuroop (Tony) Singh

    Mr. Anup SinghMr. Anuroop Singh has resigned from the Board of Max Life Insurance effective January 29, 2016

 
 
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