About ABSLI

 

20 years of protecting a secure future.

 

Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a life insurance subsidiary of Aditya Birla Capital Ltd. (ABCL). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th,2001.

A Brief History

Introduces ULIPs in India

First to introduce ‘Doctor at doorstep in underwriting’

Industry leader in launching the Free-look option

First in getting products benchmarked against CRISIL developed indices

Premium revenue crossed Rs.5 Bn

Empanelled +10,000 advisors

Premium revenue crossed Rs.10 Bn.

Launched Automated underwriting process

Crossed 1 Mn customers

Established 100 branches

Launched Highest NAV guarantee product - Platinum Plus

Crossed AUM of Rs. 90 Bn

Opened 50 Rural Kendras

Awarded the British Standard BS 25999 certification for BCP and disaster management

Crossed 5 Mn individual policies

Introduced solution buckets based on customer needs

Launched a unique knowledge sharing portal for customer facing touch points

Pre-issuance verification calling (PIVC) was launched for superior business quality

Tele-Underwriting was introduced to reduce the time required to process applications

Brand campaign ‘Khud Ko Kar Buland’ launched

Paradigm shift towards winning customer trust surplus– introduction of Capacity, Productivity & Sustainability model

Launched the e-commerce platform with Protect@Ease with first-in-industry features

My Insurance (BSLI Customer Portal) Developed to promote self service and digitize customer’s policy lifecycle

Launch of ABSLI Guaranteed Milestone Plan

Launch of ABSLI CritiShield Plan

Tied up with HDFC Bank

Launched DISHA 2.0, an upgraded AI-enabled ChatBot to navigate personalized solutions for life insurance choices

Launched AI enabled WhatsApp channel for customer servicing

Tied up with Indian Bank

Our People

  • mr-kamlesh-rao

    Mr. Kamlesh Rao

    Managing Director & Chief Executive Officer
  • mr-amit-jain

    Mr. Amit Jain

    Chief Financial Officer (CFO) & Head – Group Business
  • mr-anil-kumar-singh

    Mr. Anil Kumar Singh

    Chief Actuarial Officer
  • dr-devendra-singhvi

    Dr. Devendra Singhvi

    Chief Investment Officer
  • mr-shailendra-kothavale

    Mr. Shailendra Kothavale

    Chief Compliance & Risk Officer
  • ms-shobha-ratna

    Ms. Shobha Ratna

    Chief Operations Officer, Head HR & Training
  • mr-ashok-suvarna

    Mr. Ashok Suvarna

    Chief Distribution Officer (CDO)
  • ajay-vernekar

    Mr. Ajay Vernekar

    Chief Technology Officer
  • mr-jaimit-doshi

    Mr. Jaimit Doshi

    Head – Marketing & Digital
mr-kamlesh-rao

Mr. Kamlesh Rao

Managing Director & Chief Executive Officer

Mr. Kamlesh Rao is the MD & CEO at Aditya Birla Sun Life Insurance (ABSLI). In his role he is responsible for providing ABSLI with strategic direction and leading the team towards achieving rapid growth and profitability. His expertise focuses on growing the business, developing new business models, building distribution efficiency, value creation through efficient cost and process management, competitive product strategies, scaling up the digital business and strengthening the customer lifetime value proposition.

Kamlesh has a successful track record of entering new markets & businesses and turning them around by placing them on a high growth trajectory.

As an integral part of the Banking & Financial Services industry, his experience has been shaped over a career spanning 25 years. In his previous role as the Managing Director & CEO – Retail at Kotak Securities Limited, Kamlesh was responsible for planning and executing strategic initiatives. He was instrumental in driving the growth and strategy for Secondary Markets, Primary Markets, Margin funding and distribution of Investment products. Prior to joining Kotak Securities Limited, Kamlesh held various roles at Kotak Mahindra Bank Limited over the course of 19 years. His experience spans across the asset and liability portfolios, including retail lending, business loans, unsecured loans, mortgages, SME lending, HNI banking and broking. He joined the bank as a Management Trainee and rapidly rose through the ranks to become the Managing Director & CEO – Retail at Kotak Securities Limited.

In his earlier stint, Kamlesh has been a part of several prestigious committees including the NSE & BSE Advisory Committees and Secondary Market Advisory Committee (SMAC). He holds a degree in Engineering and is a Management graduate.

Kamlesh is a part of the Senior Management Team at Aditya Birla Capital. At ABSLI, he is focused towards taking the company to a leadership position within the private life insurance space.

mr-amit-jain

Mr. Amit Jain

Chief Financial Officer (CFO) & Head – Group Business

Mr. Amit Jain is Chief Financial Officer (CFO) at Aditya Birla Sun Life Insurance (ABSLI) overseeing the Finance, Accounts and Taxation functions. He is holds a Master's degree in Business Administration from the Faculty of Management Studies (FMS), Delhi and a Bachelor's degree in Mechanical Engineering from Delhi University.

Amit brings two decades of experience in finance, planning and strategy. He has spent close to 10 years in ABSLI. His sharp business acumen have lent immense success to the planning and finance functions that he has spearheaded.

His professional experience spans organizations including IDBI Federal Life Insurance, Max India Ltd., CARE Ratings among others.

mr-anil-kumar-singh

Mr. Anil Kumar Singh

Chief Actuarial Officer

Anil Kumar Singh is the Chief Actuarial Officer & Appointed Actuary for Aditya Birla Sun Life Insurance (ABSLI) and is responsible for all Actuarial functions within the company.

Before joining ABSLI, Anil was the Chief Actuary & Appointed Actuary at Bajaj Allianz Life Insurance Company. Anil has vast experience of close to 20 years in the Life Insurance industry in India, in Actuarial roles covering Valuation, Asset Liability Management, Product Development and Pricing. He has also worked with organizations like LIC, Aviva Life Insurance and was a part of the ABSLI Actuarial team during its inception in 2000-2001.

Anil is a Fellow of the Institute of Actuaries of India, 2002 and holds Masters in Statistics from Lucknow University.

dr-devendra-singhvi

Dr. Devendra Singhvi

Chief Investment Officer

Dr. Devendra Singhvi is associated with ABSLI since May 2006. He has over 20 years of experience in capital markets such as Fixed Income, Equity, Treasury, Forex and Derivatives etc. His previous three assignments have been with Reliance ADA Group Treasury, Prebon Yamane and Hindalco Industries Ltd. Devendra has done his graduation in Mathematics and an M.B.A. in Finance along with a Ph.D.

mr-shailendra-kothavale

Mr. Shailendra Kothavale

Chief Compliance & Risk Officer

Mr. Shailendra Kothavale heads the Compliance, Risk functions for the company. He has 17 years of experience across the fields of Compliance, Internal Audit, Enterprise Risk, Operational Risk, Information Security, Business Continuity, Investment Risk, SOX implementation. Prior to this assignment, Shailendra was with ICICI Prudential Life Insurance Co. Ltd. for 11 years and handling the Compliance function in his last role.

Shailendra has a Bachelor’s degree from Mumbai University and is a Chartered Accountant (C.A.) from ICAI, New Delhi. He has also obtained the Certified Information Systems Auditor (CISA) certification from ISACA, U.S.A.

ms-shobha-ratna

Ms. Shobha Ratna

Chief Operations Officer, Head HR & Training

Shobha Ratna is one of those few leaders who hold many feathers in their proverbial cap. In her current role, she manages two of the most critical portfolios in the Life Insurance business under Aditya Birla Capital. She is the Head - HR & Training as well as the Chief Operations Officer at Aditya Birla Sun Life Insurance (ABSLI), leading some of the most transformational initiatives across the organization.

Under her leadership, the HR team at ABSLI has scaled up business by adding new channels and partnerships and by bringing attrition to best-in-class standards. Her thought leadership and its impact can be seen on productivity, attrition, talent, engagement, and company culture.

Shobha started her journey with the Aditya Birla Group in 2008, prior to joining ABSLI in 2014. At ABG, she has contributed significantly to establishing the group’s Talent Management Philosophy. Many of the practices driven by her have now taken root across the Group.

She joined the Group after having spending more than a decade at Unilever. Her last stint at Unilever was as Change Management Lead and Organizational Effectiveness Director for Global Finance & Information Technology, in London. Shobha is a Civil Engineering graduate from NIIT Calicut and has completed her Master’s in human resources from the Tata Institute of Social Sciences.

Shobha comes with more than 24 years of functional expertise in core HR processes of building Talent and Culture. She has been recognized as an ethical and transparent leader who takes quick decisions, cuts through bureaucracy, and inspires people to stretch beyond their perceived limits.

mr-ashok-suvarna

Mr. Ashok Suvarna

Chief Distribution Officer (CDO)

Ashok Suvarna is the Chief Distribution Officer, at Aditya Birla Sun Life Insurance Company Limited (ABSLI). In his role he is responsible for providing leadership to Insurance Sales and Distribution, Strategic Initiatives, Business Development and Digital Initiatives team. Prior to taking over Distribution during the lockdown period, he was the Chief Operations Officer, responsible for managing the Customer Life Cycle including Underwriting and Claim Management. He is part of the Leadership Team at ABSLI and is involved in rolling out growth strategies of the Company.

Ashok comes with an experience of over 25 years in the Financial Services industry. He has experience in setting-up and managing teams across functional areas including Technology, Operations, Projects and Quality Assurance. Prior to joining ABSLI, Ashok was EVP & COO at Birla Sun Asset Management Company Ltd., where he provided leadership to Operations, Technology, Service and Marketing teams. Before joining the Aditya Birla Group, he was Senior Vice- President & Head - Operations at ICICI Prudential Asset Management Company Limited, where he was responsible for Operations, Projects & Quality Assurance and was also involved in pan-Asia projects of Prudential Funds Management. He has also been associated with SBI Funds Management Ltd and MIRC Electronics in various capacities.

ajay-vernekar

Mr. Ajay Vernekar

Chief Technology Officer

Ajay Vernekar has 23 years of work experience in technology with credible stints in the areas of Enterprise IT applications management, Digital Automation, RPA, AI and Machine learning, End to End IT Infrastructure and cloud. He was instrumental in successfully scaling up the IT Infrastructure for Sify IDC, ICICI One Source, Fullerton India credit and Reuters India effectively.

He has over a decade of experience in the BFSI industry while leading and been part of many large and complex transformational initiatives across various functions. Prior to this assignment he worked as part of the IT leadership team with HDFC Standard life Insurance Ltd for 6 years.

Ajay has a Bachelor’s engineering degree from Mumbai University and MBA post graduate degree from Welingkar Institute of Management, Mumbai.

mr-jaimit-doshi

Mr. Jaimit Doshi

Head – Marketing & Digital

Mr. Jaimit Doshi is the Head – Marketing & Digital at Aditya Birla Sun Life Insurance (ABSLI). In his role he is responsible for driving marketing and digital strategy to help establish ABSLI as a preferred customer choice and reach out to newer segments.

His expertise focuses on leading and implementing consumer led strategic projects. He has strong belief and experience in shaping 360degree everyday marketing plans basis consumer insights and strategic direction.

Jaimit comes with 22 years of experience in Financial Services across banks, wealth management, securities and fintech companies and has handled various roles across Marketing, Digital Marketing, Sales etc. In his previous role as the Executive Vice President at Kotak Securities Limited, Jaimit was heading Marketing, Products, Platforms and Customer Service. Prior to joining Kotak Securities Limited, Jaimit has had a significant work experience in companies like CoverFox.com and Kotak Mahindra Bank.

A Postgraduate from Chetna Institute of Management, he is a visiting faculty at various B schools, speaks at various industry forums and actively coaches start-ups and helps them in building their business plans.

Jaimit is a part of the Leadership Team at Aditya Birla Sun Life Insurance.

  • mr-kumar-mangalam-birla

    Mr. Kumar Mangalam Birla

    Chairman
  • mr-kamlesh-rao

    Mr. Kamlesh Rao

    Managing Director & Chief Executive Officer
  • mr-ajay-srinivasan

    Mr. Ajay Srinivasan

    Non Executive Director
  • mr-bishwanath-puranmalka

    Mr. Bishwanath Puranmalka

    Non Executive Director
  • mr-leo-grepin

    Mr. Leo Grepin

    Non Executive Director
  • mr-arun-adhikari

    Mr. Arun Adhikari

    Independent Director
  • mr-sandeep-asthana

    Mr. Sandeep Asthana

    Non Executive Director
  • mr-colm-freyne

    Mr. Colm Freyne

    Non Executive Director
  • mrs-pinky-atul-mehta

    Mrs. Pinky Atul Mehta

    Non Executive Director
  • mr-debabrata-sarkar

    Mr. Debabrata Sarkar

    Independent Director
  • mr-nagesh-pinge

    Mr. Nagesh Pinge

    Independent Director
mr-kumar-mangalam-birla

Mr. Kumar Mangalam Birla

Chairman

Mr. Kumar Mangalam Birla is the Chairman of the US$ 40 billion multinational Aditya Birla Group, which operates in 36 countries across six continents. Mr. Birla took over as Chairman of the Group in 1995. In the years that he has been at the helm of the Group, he has accelerated growth, built meritocracy and enhanced stakeholder value. From a turnover of US$ 2 billion in 1995, today the Group's revenues are at US$ 40 billion and its operations from 8 countries then, span 36 countries today. He has made 31 acquisitions in these 19 years in India and globally, the highest by an Indian multinational.

An iconic figure, Mr. Birla has held and continues to hold several key positions on various regulatory and professional Boards. An erstwhile Director on the Central Board of Directors of the Reserve Bank of India, he was Chairman of the Advisory Committee constituted by the Ministry of Company Affairs and also served on The Prime Minister of India's Advisory Council on Trade and Industry. Furthermore, as the Convener of the Prime Minister's Task Force on Administrative and Legal Simplifications, the extensive implementations made by him in his report have been implemented in totality. Mr. Birla also served as Chairman of SEBI's committee on Insider Trading which formulated Corporate Governance principles for Indian corporates.

He is on the National Council of the Confederation of Indian Industries and the Apex Advisory Council of the Associated Chamber of Commerce and Industry of India.

Mr. Birla has won recognition for his exemplary contribution to leadership processes and institutions/ systems building. A selective list includes recognition as the Economic Times' Business Leader of the Year Award in 2012-13 for the second time. The previous win was in 2003. He was awarded the flagship' Entrepreneur of the Year, 2012 at the Forbes India Leadership Awards. The other accolades received by Mr. Birla feature NASSCOM's Global Business Leader Award (2012), CNBC TV 18's India Business Leader Award (2012) for Taking India Abroad, the CNN-IBN Indian of the Year 2010 – Business for being the most outstanding business person, among many others. He was chosen by the World Economic Forum as one of the Young Global Leaders and named a "Young Super Performer in the CEO Category" by Business Today.

A keen educationist, Mr. Birla is the Chancellor of the renowned Birla Institute of Technology & Science (BITS), with campuses in Pilani, Goa, Hyderabad and Dubai. He is a Director of the G. D. Birla Medical Research & Education Foundation.

A Commerce Graduate from Mumbai University, Mr. Birla is a Chartered Accountant. He earned an MBA from the London Business School, where he is also an Honorary Fellow and serves on the Asia Pacific Advisory Board.

mr-kamlesh-rao

Mr. Kamlesh Rao

Managing Director & Chief Executive Officer

Mr. Kamlesh Rao is the MD & CEO at Aditya Birla Sun Life Insurance (ABSLI). In his role he is responsible for providing ABSLI with strategic direction and leading the team towards achieving rapid growth and profitability. His expertise focuses on growing the business, developing new business models, building distribution efficiency, value creation through efficient cost and process management, competitive product strategies, scaling up the digital business and strengthening the customer lifetime value proposition.

Kamlesh has a successful track record of entering new markets & businesses and turning them around by placing them on a high growth trajectory.

As an integral part of the Banking & Financial Services industry, his experience has been shaped over a career spanning 25 years. In his previous role as the Managing Director & CEO – Retail at Kotak Securities Limited, Kamlesh was responsible for planning and executing strategic initiatives. He was instrumental in driving the growth and strategy for Secondary Markets, Primary Markets, Margin funding and distribution of Investment products. Prior to joining Kotak Securities Limited, Kamlesh held various roles at Kotak Mahindra Bank Limited over the course of 19 years. His experience spans across the asset and liability portfolios, including retail lending, business loans, unsecured loans, mortgages, SME lending, HNI banking and broking. He joined the bank as a Management Trainee and rapidly rose through the ranks to become the Managing Director & CEO – Retail at Kotak Securities Limited.

In his earlier stint, Kamlesh has been a part of several prestigious committees including the NSE & BSE Advisory Committees and Secondary Market Advisory Committee (SMAC). He holds a degree in Engineering and is a Management graduate.

Kamlesh is a part of the Senior Management Team at Aditya Birla Capital. At ABSLI, he is focused towards taking the company to a leadership position within the private life insurance space.

mr-ajay-srinivasan

Mr. Ajay Srinivasan

Non Executive Director

Ajay Srinivasan has been the Non Executive Director, Financial Services at the Aditya Birla Group since July 2007.

In his role as Non Executive Director, Financial Services, he sets the vision and provides strategic direction and leadership for the Group's Financial Services business which covers several verticals such as Life Insurance, Fund Management, Private Equity, Wealth Management, Retail Broking, Capital Markets Based Lending, Corporate Financing, Infrastructure Finance and General Insurance Broking. Under his leadership the financial services business has grown rapidly with a turnover of USD 1.3 Bn, over 5.6 million customers and a workforce of over 17,500 people.

Prior to joining the Aditya Birla Group, Ajay was Chief Executive, Fund Management at Prudential Corporation Asia, based in Hong Kong. Under Ajay's leadership, Prudential's Fund Management operations in Asia grew rapidly, both organically and through acquisition. Ajay oversaw a business that spanned ten markets, including Japan, with total funds under management of about USD 70 Bn, which made it at the time the second largest retail fund manager in Asia.

As a member of Prudential Corporation Asia's Board of Directors, Ajay also oversaw the development of Prudential's retirement business in Asia.

Ajay joined Prudential in 1998 as Managing Director of Prudential ICICI Asset Management Company, Prudential's Indian fund management joint venture with ICICI Bank. Within two years of operation, Prudential ICICI AMC had grown to become the largest private sector asset management company in India.

With a proven track record for building successful businesses, his experience in the financial services industry spans over two decades.

Ajay has in his financial career engaged with several bodies including the Financial Planning Standards Board, the CII Committee on Financial Sector Reforms, The CII Committee of Financial Inclusion, The CII Committee on Insurance and Pensions and the FICCI Committee on Insurance.

Ajay holds a BA with Honours in Economics from St Stephens College, University of Delhi and an MBA from the Indian Institute of Management, Ahmedabad.

mr-bishwanath-puranmalka

Mr. Bishwanath Puranmalka

Non Executive Director

Mr. Bishwanath Puranmalka, Non Executive Director of Aditya Birla Group's Financial Services' Companies has a total working experience of over 45 years. He has been associated with the Aditya Birla Group in various capacities since the inception of his career. He has experience in the implementation and running of several manufacturing, training and service industry businesses, and setting up Greenfield manufacturing operations. He also has wide experience in the set up and operation and maintenance of captive Power Plants of the Aditya Birla Group.

He has been looking after a NBFC - Birla Global Finance Co. Ltd. now known as Aditya Birla Finance Ltd., since June 1994. Mr. Puranmalka has been a Director on the Board and a Member of Audit Committees of Financial Services like Life Insurance Company, Distribution Company and Trustee of Aditya Birla Sun Life Asset Management Company Ltd.

mr-leo-grepin

Mr. Leo Grepin

Non Executive Director

Leo Grepin was appointed President Asia on 1 January 2020. He is responsible for Sun Life’s life, health and wealth management businesses in seven Asian markets – Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India and China – as well as the International High Net Worth Business. Léo is based in Sun Life’s Asia Regional Office in Hong Kong and is a member of the company’s Executive Team.

Leo was previously President ASEAN, for Sun Life Asia. Prior to that, he held the role of Senior Vice-President, Individual Insurance and Wealth (Individual) for Sun Life Financial Canada. In this role, Leo oversaw the creation and distribution of insurance and wealth management products and solutions for the Individual business.

Leo holds 20 years of experience, including 15 years as Senior Partner at McKinsey & Company. At McKinsey, he was a leader of the insurance practice and consulted with many of Sun Life’s senior leaders. He also served executive teams and boards of life and property-casualty insurers, asset managers, institutional investors, and private equity firms. Prior to joining Sun Life Financial, he was on the management team of Bridgewater Associates, a global hedge fund.

Leo holds a Bachelor of Mechanical Engineering from McGill University and a Science Masters in Aeronautics and Astronautics from the Massachusetts Institute of Technology. In his spare time, he is a weekend triathlete who enjoys hiking and traveling with his wife and two boys

mr-arun-adhikari

Mr. Arun Adhikari

Independent Director

Arun Adhikari is an Independent Director of our Company. He graduated with a Bachelor of Technology degree in chemical engineering from the Indian Institute of Technology, Kanpur in 1975. He went on to complete his Post Graduate Diploma in Management from the Indian Institute of Management, Calcutta. He started working at Hindustan Unilever Limited from 1977 and held a number of senior positions in the fields of sales, marketing and consumer research.

After being the Executive Director at Hindustan Unilever Limited in 2000, he was appointed as the Managing Director for Home and Personal Care and joined the board of directors of Hindustan Unilever Limited where he was involved in external relationships with the Government and media, investor relations, risk management, and corporate governance. He was appointed as the chairman of Unilever Japan KK in 2006. He was later appointed as the Senior Vice President for Unilever Laundry Category across Asia and Africa where his key responsibilities included development of category and brand strategy, brand portfolio decisions, supply chain strategy, pricing strategy, product innovation and 133 advertising development.

After retiring from Unilever in 2014, he joined McKinsey & Company in India as a Senior Advisor supporting the consumer practice and started working extensively with McKinsey& Company’s clients across a wide range of sectors, advising on marketing and sales strategy. From 2000 to 2006, he was also a member of the executive and governing bodies of several industry, trade and professional associations in India including the Market Research Society of India, Indian Soaps and Toiletries Manufacturers Association, Indian Society of Advertisers and the Advertising Standards Council of India.

mr-sandeep-asthana

Mr. Sandeep Asthana

Non Executive Director

Mr. Sandeep Asthana is the India Country Head of Sun Life Financial, a leading international provider of protection and wealth accumulation products headquartered in Canada. In his role Sandeep manages Sun Life Financial's interest in its two joint ventures in India - Aditya Birla Sun Life Insurance Co. Ltd., and Aditya Birla Sun Life Asset Management Co. Ltd.

A Chemical Engineer from IIT Mumbai and MBA from IIM Lucknow, Sandeep started his career with Unit Trust of India in 1993, and was closely involved with its plans for entry into life insurance and pensions. He joined Zurich Financial Services in 2000, and headed the life insurance planning team. In 2003, Sandeep joined RGA, a leading US-based life and health reinsurer, and built up their business in India to make it a leading reinsurance player in India. Prior to joining Sun Life, Sandeep was Managing Director of RGA Services India Pvt. Ltd.

mr-colm-freyne

Mr. Colm Freyne

Non Executive Director

Mr. Freyne has over 35 years of experience in the areas of corporate finance planning, taxation, capital and investor relations. Mr. Freyne joined Sun Life in 2003 and currently is the Executive Vice President and Chief Financial Officer of Sun Life Financial Inc.

Mr. Freyne is also on the Board of MFS Investment Management, Sun Life Global Investment Inc. and Sun Life of Canada (U.S) Financial Services Holdings Inc.

mrs-pinky-atul-mehta

Mrs. Pinky Atul Mehta

Non Executive Director

Mrs. Pinky Mehta is a qualified Chartered Accountant with over 27 years of diversified experience. She has joined the Aditya Birla Group in 1991, to become the first woman officer in the Group. She served as a key member of the Finance team at Aditya Birla Nuvo Limited for about two decades. She handled many portfolios and made major contributions in the areas of Taxation, MIS, Accounts, Legal and Secretarial. She has played an active role in the area of Demergers, Mergers and Acquisitions.

mr-debabrata-sarkar

Mr. Debabrata Sarkar

Independent Director

Mr. Debabrata Sarkar is a former Chairman & Managing Director of Union Bank of India. His educational qualifications include FCA, CAIIB, M. Com and B. Com (Hons.). He is a member on various Committees such as Empowered Committee on ECB, RBI, Independent External Monitor and Screening Committee on OTS EXIM Bank. He is also the Chairman of the Banking Advisory Board, L. N. Welingkar Institute of Management & Research and a Visiting Faculty at National Institute of Bank Management (NIBM), Pune.

His professional experience includes working with Bank of Baroda, Allahabad Bank and Union Bank of India in various capacities. In Allahabad Bank as Executive Director and in Union Bank of India as Chairman and Managing Director.

He has received Financial Inclusion Award 2013-Person of the Year by Skotch Group and Excellence in Financial Communication Award for the year 2012 by Association of Business Communicators of India in Union Bank of India.

mr-nagesh-pinge

Mr. Nagesh Pinge

Independent Director

Mr. Nagesh Pinge is an Expert in Ethics, Corporate Governance, Risk Management & Internal Audit. He is a Chartered Accountant and Law Graduate from India. He has also completed Executive Education Program from The Stephen M Ross School of Business of the University of Michigan, USA./p>

In a career spanning 36 years, Pinge has worked with many organizations of repute. He retired from Tata Motors in November 2016 as “Chief-Internal Audit, Risk Management & Ethics”. Prior to that he was Chief Internal Audit of Reliance Retail Ltd & JSW Steel Ltd. Mr. Pinge has also worked for ICICI Bank & its Group Companies in Risk Management (Chief Risk Officer), Regulatory Compliance and Internal Audit (Group Head-Internal Audit).

Mr. Pinge is the Past President of the Institute of Internal Auditors, India. He is a recipient of “ACIIA” Award given by “Asian Confederation of Institutes of Internal Audit” for “Outstanding Contribution in Internal Audit” for the year 2017. He is also a recipient of “ICAI” Award given by the Institute of Chartered Accountant of India for the year 2014.

Mr. Pinge is a Regular Faculty at “Masterclass for Directors” being conducted by the Institute of Directors in India. He has authored a technical guidance note on “Risk based Audit for Banks” being published by the Institute of Chartered Accountants of India.

  • Asset Liability Management Committee

    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Kamlesh Rao

      Managing Director & CEO
    • Mr. Shailendra Kothavale

      Chief Compliance & Risk Officer
    • Mr. Devendra Singhvi

      Chief Investment Officer
    • Mr. Sandeep Asthana

      Non-Executive Director
    • Mr. Anil Kumar Singh

      Chief Actuarial Officer & Appointed Actuary
    • Mr. Amit Jain

      Chief Financial Officer (CFO) & Head – Group Business
  • Audit Committee

    • Mr. Nagesh Pinge

      Independent Director
    • Mr. Arun Adhikari

      Independent Director
    • Mr. Debabrata Sarkar

      Independent Director
    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Sandeep Asthana

      Non Executive Director
  • Investment Committee

    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Kamlesh Rao

      Managing Director & CEO
    • Mr. Amit Jain

      Chief Financial Officer (CFO) & Head – Group Business
    • Mr. Anil Kumar Singh

      Chief Actuarial Officer & Appointed Actuary
    • Mr. Sandeep Asthana

      Non-Executive Director
    • Mr. Devendra Singhvi

      Chief Investment Officer
    • Mr. Shailendra Kothavale

      Chief Compliance & Risk Officer
  • Risk Managment Committee

    • Mr. Arun Adhikari

      Independent Director
    • Mr. Nagesh Pinge

      Independent Director
    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Sandeep Asthana

      Non Executive Director
    • Mr. Kamlesh Rao

      Managing Director & CEO
  • Policyholders' Protection Committee

    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Kamlesh Rao

      Managing Director & CEO
    • Mr. Sandeep Asthana

      Non-Executive Director
  • With Profits Committee

    • Mr. Debabrata Sarkar

      Independent Director
    • Mr. Kamlesh Rao

      Managing Director & CEO
    • Mr. Anil Kumar Singh

      Chief Actuarial Officer & Appointed Actuary
    • Ms. Hema Malini R

      Independent Actuary
    • Mr. Amit Jain

      Chief Financial Officer
  • Nomination and Remuneration Committee

    • Mr. Arun Adhikari

      Independent Director
    • Mr. Debabrata Sarkar

      Independent Director
    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr.Leo Grepin

      Non Executive Director
  • Corporate Social Responsibility Committee

    • Mr. Sandeep Asthana

      Non-Executive Director
    • Mr. Ajay Srinivasan

      Non Executive Director
    • Mr. Arun Adhikari

      Independent Director
  • Key Persons

    • Mr. Kamlesh Rao

      Managing Director and Chief Executive Officer
    • Mr. Anil Kumar Singh

      Chief Actuarial Officer & Appointed Actuary
    • Mr. Amit Jain

      Chief Financial Officer (CFO) & Head – Group Business
    • Mr. Ashok Suvarna

      Chief Distribution Officer (CDO)
    • Ms. Shobha Ratna

      Chief Operations Officer, Head HR & Training
    • Mr. Amber Gupta

      Head - Legal & Company Secretary
    • Mr. Devendra Singhvi

      Chief Investment Officer
    • Mr. Shailendra Kothavale

      Chief Compliance & Risk Officer
    • Mr. Ajay Vernekar

      Chief Technology Officer
    • Mr. Jaimit Doshi

      Head - Marketing & Digital

Awards and Accolades

ETBFSI

ETBFSI Excellence Award 2019

Best Customer Engagement Innovator of the Year

Golden Peacock Award

Golden Peacock Award 2019

Excellence in Corporate Governance 2019 – IOD

CII

CII 2019-20

Silver and Bronze (Project-based Awards)

Insurance India Summit

Insurance India Summit 2019

Best Fraud Intelligence Insurance Company of the Year

ERM

ERM World Summit Awards 2019

Cyber Security Initiatives for the Year

National Convention on QC

National Convention on QC 2019

Par-Excellence in Legal Risk Mitigation

Creative Abby Awards 2018

Creative Abby Awards 2018

Public Relations (Internal Communication)

India Economic and Law Summit

India Economic and Law Summit 2018

Excellence in In-House Technological Innovation

QCFI

Quality Circle Forum of India 2018

Silver in Innovation - Contract Management Process

Kamikaze CE and Loyalty Award

Kamikaze CE & Loyalty Award 2018

Best Customer Service Initiative

Media Mentions

ABSLI has been in the news over the years on a variety of occassions including press releases, campaigns and others.

  • Media Kit
  • Press Releases
  • News Coverage

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