Mr. Analjit Singh

Founder & Chairman Emeritus

Mr. 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

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Mr. Rahul Khosla

Chairman, Max Life Insurance

Mr. Rahul 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 led the mega-restructuring of the erstwhile Max India into three new listed entities and is currently spearheading the proposed merger of Max Life and Max Financial Services with HDFC Life, which will result in the creation of India’s largest private life insurance company. 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.

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Mr. Mohit Talwar

Director, Max Life Insurance

Mr. 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 Chartered, ANZ Grindlays and Bank of Nova Scotia.

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Rajesh Sud

Executive Vice Chairman & Managing Director, Max Life Insurance

Rajesh Sud is a seasoned professional in Indian banking and life insurance industry and currently leads Max Life Insurance as its Executive Vice Chairman and Managing Director and guides Max Bupa Health Insurance, one of India’s leading health insurance companies and Max Skill First, a training and skilling company, as its Chairman.

A founder member of Max Life Insurance since 2000, he took over as CEO & Managing Director of Max Life Insurance in 2008. Under his leadership, Max Life has undergone rapid transformation and grown to be the 4th largest private life insurer and the largest non-bank promoted private life insurance company in India. As per the financial year results of FY17, Max Life had revenues of Rs. 12,937 crore, Profit After Tax of Rs. 660 crore, Assets Under Management of Rs. 44,370 crore and an estimated market valuation of over Rs. 20,000 crore. Max Life has a team of 9,500 committed employees, is consistently ranked in the Top 100 Great Places to Work for the last 4 years and is universally admired for its comprehensive industry leadership on both financial and non-financial metrics.

As a part of the founding management team, Rajesh established a successful multi-channel distribution architecture and created a differentiated brand positioning for Max Life through its focus on people, processes, quality and training. He is deeply passionate about both people centricity and customer centricity and has led many industry-first initiatives at Max Life to build trust and transparency in the business.

As the Chairperson of Max Bupa Health Insurance, Rajesh has played a pivotal role in realizing the company's vision to be the most admired Health Insurance Company. Max Bupa offers quality health insurance services through a dedicated team of over 1600 people and its network of 27 offices across 13 cities. It has a customer base of 1.2 million urban retail customers and offers individual and family-oriented health insurance policies for Indians across all age groups.

Under his able leadership as the Chairperson of Max Skill First, the company has been adding to the organizational capabilities across corporates by delivering best-in-class skill development programs in areas of frontline sales and services.

Rajesh is post graduate in Marketing and Finance from Faculty of Management Studies, Delhi University. He completed the Advanced Management Programme from Wharton Business School, University of Pennsylvania, Philadelphia, USA. Rajesh started his career as Management Trainee at Bank of America and was a key member of the team that created a very successful consumer franchise for the Bank in India and was an integral part of the team that transited that business to ABN Amro Bank, upon its sale.

Prior to Max Life Insurance, Rajesh was Managing Director & CEO of Esanda Finance India, a subsidiary finance company of ANZ Grindlays Bank and was the Head of  Asset Finance business at ANZ Grindlays Bank. 

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Mr. Rajit Mehta

Director, Max Life Insurance Co. Ltd.

Mr. 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 the Managing Director & CEO of Max Healthcare, a leading private healthcare company in India. Rajit provides strong leadership in helping Max Healthcare in achieving its vision of being the most admired healthcare company in India known for clinical and service excellence.

Rajit was a founder member of Max Life Insurance, since October 2000 and has been instrumental in helping Max Life become an admired, profitable and well-run Company. In his previous role, Rajit was an Executive Director and Chief Operating Officer at Max Life Insurance and currently, he holds a non executive board position in Max Life Insurance.

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.

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Ms. Marielle Theron

Director, Max Life Insurance Co. Ltd.

Ms.Theron was appointed Director of Max Life Insurance with effect from May 2009. Ms. Theron, a Fellow of the Society of Actuaries, has over 30 years’ experience in the financial service industry. 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).

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Mr. Rajesh Khanna

Director, Max Life Insurance Co. Ltd.

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

Mr. Rajesh Khanna is the founder and CEO of Arka Capital Advisors Pvt. Ltd, and is an investor in various companies. He is a Director on the Board of Max Financial Services Limited.

Mr. Khanna is a member of the Equity Investment Committee of Piramal Fund Management Pvt. Ltd and is a Senior Advisor of Kae Capital. Previously, he served as a Managing Director and India Head of Warburg Pincus, a global private equity firm, and was a member of its global Executive Management Group.

He holds an MBA from the Indian Institute of Management, Ahmedabad and is a Chartered Accountant.

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Mr. John Poole

Director, Max Life Insurance Co. Ltd.

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

Mr. Poole has more than 40 years of experience in the field of actuarial and more recently risk management services. 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.

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Mr. K. Narasimha Murthy

Director, Max Life Insurance Co. Ltd.

Mr. K. Narasimha Murthy was appointed as an Independent Director of Max Life Insurance Co. Ltd. with effect from August 23, 2013. He holds brilliant academic records with ranks in both CA & ICWA courses and entered the Profession of Cost & Management Accountancy in 1983 after initial experience from TATA Iron & Steel Company Ltd., (TISCO). 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. He is associated with the development of Cost & Management Information Systems for more than 175 Companies covering more than 50 Industries. He has been associated with more than 30 Government Committees both at / Central and State Level as Chairman / Member. Presently, he is Advisor (Financial Services) to Government of Andhra Pradesh in the Rank of Special Chief Secretary. He is also on the Board of several large Companies.

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.

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 also nominated as a Member Convener on the Implementation & Monitoring Committee on Audit Reforms in Public Sector Banks by the Govt. of India.

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Mr. D.K. Mittal

Director, Max Life Insurance Co. Ltd.

Mr. 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. 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.

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.

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Mr. Masataka Kitagawa

Director, Max Life Insurance Co. Ltd.

Mr. Masataka Kitagawa was appointed Director of Max Life Insurance Co. Ltd. with effect from July 28, 2015. Mr. Kitagawa 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 responsible for inward reinsurance business for 3 years as President & CEO of reinsurance subsidiary with advanced knowledge of reinsurance and excellence management skills in the competitive market.

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

Mr. Hideaki Nomura

Director, Max Life Insurance Co. Ltd.

Mr Hideaki Nomura was appointed Director of Max Life Insurance Co. Ltd. with effect from June 27, 2012. He is also a General Manager of Asian Life Insurance Business Dept. of Mitsui Sumitomo Insurance Co., Ltd. in Japan.
He has 31 years experience in financial industries including insurance, banking and investment banking.

In his tenure with Mitsui Sumitomo Insurance., Ltd. ("MSI") for 19 years, he steered and supervised Asian life insurance affiliates’ business as a shareholder. He also 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.

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Mr. Sahil Vachani

CEO & MD, Max Ventures & Industries Limited 

Mr. Sahil Vachani is CEO & Managing Director, Max Ventures and Industries Limited, which is the holding company for Max Speciality Films, an innovation leader in the Speciality Packaging Films business; Max Estates, the commercial and residential real estate development arm; Max Learning, the education vertical; and Max I an Investment arm, wherein he is responsible for the overall strategic vision and direction of the company. He has diverse experience across various sectors including consumer durables and real estate.

He holds a Bachelor’s degree in Management Sciences from the University of Warwick, U.K. backed up by an Executive Management Program on Disruptive Innovation from the Harvard Business School. He started his career as an investment banker with Citigroup in London, where he worked on Mergers and Acquisitions across the Middle East and Africa region. In 2004, he joined Dixon Technologies, a consumer appliance manufacturing firm as Business Head and setup new verticals across multiple locations and was involved in the launch of new products, setting up of new manufacturing facilities and establishing relationships with leading brands as customers.

His next career progression was in 2008 as Co-founder and Managing Director of Dixon Appliances Pvt. Ltd., where he was responsible for the business from inception including designing of products, building the team, setting up the manufacturing facility, operations and building relationships with leading brands in India such as Panasonic, Godrej, LG, among others. The Company emerged as the single-largest third party contract manufacturer of Washing Machines for the Indian market. In July 2015, Mr. Vachani sold his shareholding in the company to pursue new opportunities.

An avid reader, Mr. Vachani also enjoys playing squash and running.

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