Vaibhav Gupta
CHAIRMAN EMERITUS
Board Members

Analjit Singh
Mr. Analjit Singh
Chairman

Mr Analjit Singh is the Founder and Chairman Emeritus of The Max Group, a US$ 3 billion multi business enterprise, with interests in life insurance (Max Life), health care (Max Healthcare), health insurance (Max Bupa), senior living (Antara), speciality packaging (Max Speciality Films) and real estate (Max Estates). Max Group is renowned for service excellence and has successful joint ventures with some of the pre-eminent firms including Mitsui Sumitomo and Toppan from Japan, Life Healthcare from South Africa and Bupa Plc from the United Kingdom. Earlier partners include, DSM, Netherlands; New York Life Insurance Company; Hutchison Whampoa; Motorola; Lockheed Martin and others.

Amongst private family owned businesses, Mr Analjit Singh is the founder of Leeu Collection, a group of leisure boutique hotels in Franschhoek, South Africa; The Lake District, UK ; and soon to come in Florence , Italy. The Leeu Collection also includes a significant presence in wine and viticulture through Mullineux Leeu Family Wines; an active F&B portfolio of restaurants and partnerships with Ritu Dalmia, La Colombe in the Cape SA and the Alajmo Group in Italy. Art and Landscaping are also major pillars with a strong relationship with Everard Read, SA.

A self-made entrepreneur Mr Analjit Singh was awarded Padma Bhushan, India’s third highest civilian honour, by the President of India in 2011.

An alumnus of The Doon School and Shri Ram College of Commerce, University of Delhi, Mr Analjit Singh holds an MBA from Graduate School of Management, Boston University. He has been conferred with a honorary doctorate by Amity University.
Professionally, he is the non-executive Chairman of Max Ventures and Industries, Vodafone India and a Director on the board of Sofina NV/SA, Belgium.

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 oldest and most prestigious engineering college. He also served as Chairman of the Doon School. Mr Analjit Singh is a member of the Prime Minister’s Indo UK CEO council. In past he has also served on the Prime Minister’s Indo US CEO council. Mr Analjit Singh has also served as the co-chair of Prabodhan, a unique forum for facilitating closer and more effective engagement between European and Indian decision makers and opinion leaders.

He has been felicitated by Senator Hillary Clinton, former US Secretary of State on behalf of Indian American Centre for Political Awareness for his outstanding achievement in presenting the international community with an understanding of a modern and vibrant India and for creating several successful joint ventures with leading American companies and promoting business ties with the USA.

He has been honoured with the Ernst and Young Entrepreneur of the Year Award (Service Category) and the Golden Peacock Award for Leadership and Service Excellence. In 2014 he was awarded with Spain’s second highest civilian honour, the Knight Commander of the Order of Queen Isabella and the Distinguished Alumni Award from Boston University.
He also serves as the Honorary Consul General of the Republic of San Marino in India from October 2007 till August 2018.

Naina Lal Kidwai
Ms. Naina Lal Kidwai
Independent Director

Ms. Naina Lal Kidwai is an independent director, Max Financial Services and Senior Advisor, Advent Private Equity. She is also a Non-Executive Director on the boards of Nestle SA and CIPLA Ltd and has been Past President of FICCI (Federation of Indian Chambers of Commerce & Industry). She retired on December 2015 as Executive Director on the board of HSBC Asia Pacific and Chairman HSBC India. She is Chairman of the Harvard Business School, South Asia Board.

An MBA from Harvard Business School, she makes a regular appearance on listings by Fortune since 2002 and others of international women in business. She has received many awards and honours in India and was awarded the Padma Shri, for her contribution to Trade & Industry, from the Government of India in 2007. She has edited two books Contemporary Banking in India and 30 Women in Power : Their Voices, Their Stories.

Her interest in Water and the environment and empowerment of women are reflected in her board positions of not-for-profit institutions like Shakti Sustainable Energy Foundation, The Energy Resources Institute, International Advisory Council of the Inquiry of United Nations Environment Program (UNEP), Commissioner for the Global Commission on Economy & Climate, Chair of FICCI’s Water Mission and FICCI’s Inclusive Governance Council and Chair of the India Sanitation Coalition.

She is one of India’s representatives on the BRICs Business Council and India Malaysia CEO Forum, and is on the Governing Boards of the National Council of Applied Economic Research and ICRIER and also a member of Rajasthan Chief Minister’s Advisory Council. She has been a member of the Government of India’s Industry Task Force, the Prime Minister’s Trade and Industry Council, the National Manufacturing Council, the National Trade Council, and on the Working Group on Banking, Financial Sector Legislative Reforms Commission and the National Institute of Bank Management.

Mohit Talwar
Mr. Mohit Talwar
MANAGING DIRECTOR

Mr. 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, optimising 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.

In addition, he is also responsible for driving synergies across the Max Group and has played a central role in executing key transactions across Group 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.

Aman Mehta
Mr. Aman Mehta
Independent Director

Mr. Aman Mehta retired as CEO of HSBC Asia Pacific in Jan 2004, after a global career of 35 years, and returned to India on permanent resettlement. He serves as an Independent, Non-Executive Director on the boards of numerous public companies and institutions in India as well as overseas.

Ashwani
Mr. Ashwani Windlass
DIRECTOR

Mr. Ashwani Windlass was part of the founding team at Max India, having served the Max Group in different capacities including as its Joint MD as well as MD, Hutchison Max Telecom from 1994 until 1998.

He has continued as a Board member of the Company ever since. He has been the Chairman, MGRM (Asia-Pac) and Vice Chairman, and the MD of Reliance Telecom.

He serves on leading advisory and statutory Boards, including Antara Senior Living Limited, Max Ventures Pvt. Ltd, MGRM Holdings Inc., USA, Vodafone India Ltd. and Hindustan Media Ventures Ltd. and Faculty of Management Studies, Delhi University.

He holds degrees in B.Com (Gold Medal), Bachelor of Journalism and MBA.

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Mr. Dinesh Kumar Mittal
Independent Director

Mr. D. K. Mittal is a former Indian Administrative Service (IAS) officer from the batch of 1977 and has served the Government of India in various capacities, including Secretary, Department of Financial Services, Secretary, Ministry of Corporate Affairs and Additional Secretary, Department of Commerce.

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 specialisation in Electronics from the University of Allahabad, India.

Rajesh_Khanna
Mr. Rajesh Khanna
Independent Director

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 Life Insurance Company Ltd.

Mr. Khanna is a member of the Equity Investment Committee of Piramal Fund Management Pvt. Ltd and is a member of the Advisory Board 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 received an MBA from the Indian Institute of Management, Ahmedabad and is a Chartered Accountant.

sahil
Mr. Sahil Vachani
Director

Sahil Vachani is the Managing Director and CEO of Max Ventures and Industries Limited (MaxVIL), and was recently appointed as a Director on the Boards of Max Financial Services Limited and its subsidiary Max Life Insurance. He joined the Boards of these companies as a representative of the Owner Sponsor Group led by Mr. Analjit Singh.

Sahil joined the Max Group in 2016 with a focus on creating a powerful Real Estate brand – Max Estates Limited, and steering MaxVIL’s other businesses towards growth. He has diverse expertise across various sectors including consumer durables and real estate.

Since assuming his role at MaxVIL, he has successfully completed two key transactions which will have an enduring impact on the Company’s growth journey over the next few years. The first is the sale of a 22.5% stake in MaxVIL to a subsidiary of New York Life Insurance Company in January 2017; and second, the induction of Toppan Printing Co. Ltd, Japan (Toppan) as a joint venture partner with a 49% stake in MaxVIL’s legacy manufacturing business – Max Speciality Films (MSF).

Besides MSF, he is currently overseeing two new business verticals under MaxVIL – Max Estates and Max I. Limited. Max Estates focuses on Grade-A commercial spaces. Its flagship project Max Towers, a prime commercial tower of ~0.6 million sq. ft. located on the Delhi-Noida Direct flyway, will be ready by Oct 2018 and work on the second project, the redevelopment of Max House in Okhla, New Delhi is set to commence in FY2019. The other vertical, Max I., facilitates intellectual & financial Capital to promising and proven early-stage organizations across identified sunrise sectors. So far, it has made investments in Azure Hospitality Pvt. Ltd., which owns and operates successful F&B brands such as Mamagoto and Dhaba, and FSN E-Commerce Ventures Pvt. Ltd, which owns and operates the leading online beauty destination Nykaa.com.

Sahil started his career as a 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.

In 2008, he transitioned to a new role as Co-founder and Managing Director of Dixon Appliances Pvt. Ltd., where he led the business from its inception on multiple fronts, 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, Sahil sold his shareholding in the company to devote complete attention to his role in the Max Group.

Sanjay Nayar
Mr. Sanjay Nayar
Director

Mr. Sanjay Nayar (Mumbai) is a Member and CEO of KKR India. He is also a member of the Asia Portfolio Management Committee.

He is on the board of KKR’s portfolio companies Alliance Tire Group, Bharti Infratel, Magma Financial Services, Dalmia Bharat Cement, and Coffee Day Holdings, and has had significant involvement with KKR’s investment in Apollo Hospitals and Avantha. He also supports expanding the range of KKR’s credit and capital markets offerings across the region.

Prior to joining KKR, he served as CEO of Citigroup’s Indian and South Asian operations and as a member of Citigroup’s Management Committee and Asia Executive Operating Committee. He also serves on the Committee of the Reserve Bank of India tasked with building a Centre for Advanced Financial Learning (CAFL).

Currently, He is on the board of Habitat for Humanity, Pratham and Grameen Capital, and is a founding member of the Brookings Foundation, India. He was recently appointed to the Board of Emerging Markets Private Equity Association (EMPEA), and serves as the Chairman of the Indian Private Venture Capital Association. In addition, he is also on the Board of the Indian School of Business (ISB).