Vaibhav Gupta
CHAIRMAN EMERITUS
Leadership team

Mohit Talwar
Mr. Mohit Talwar
MANAGING DIRECTOR

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

In his earlier role as the Deputy Managing Director of the erstwhile consolidated Max India Limited, he 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 Group’s operations. He has played a central role in executing key transactions including the setting up of Max Bupa Health Insurance, bringing on board MS&AD Insurance Group Holdings as the new JV partner for Max Life and Life Healthcare’s entry as JV partner in Max Healthcare, and later the equalization of its stake in the business, and completing the mega restructuring of the erstwhile Max India into three new listed companies, which received a significantly positive reaction from capital markets. In his new role, Mr. Talwar was instrumental in executing a stake repurchase transaction with IDFC Limited, and more recently a transaction with IFC to repurchase its stake in Max Healthcare. He has also overseen key transactions in MaxVIL, including the induction of Toppan Group as a JV partner in Max Speciality Films, and a 22.5% stake sale to New York Life’s subsidiary.

A veteran in the Corporate Finance and Investment Banking industry, Mr. Mohit Talwar has a wealth of experience in Corporate Finance and Investment Banking, having spent 24 years in Wholesale Banking across global organizations such as Standard Chartered, ANZ Grindlays and Bank of Nova Scotia, prior to joining the Max Group.

Mr. V. Krishnan
Mr. V. Krishnan
Company Secretary

Mr. V. Krishnan became the Company Secretary of Max Financial Services Limited effective July 2019. Previously, he served as the Company Secretary of Max India Limited. He has been associated with Max Group since 1992.

In his 27 years with the Group, Mr. Krishnan has had a rich experience in managing Corporate Regulatory and Compliance matters. He has been closely involved in matters relating to setting-up of joint ventures, mergers & acquisitions, business restructuring and Corporate law compliances.

Krishnan is a fellow member of the Institute of Company Secretaries of India.

pdwarakanath
Mr. P Dwarakanath
HEAD, GROUP HUMAN CAPITAL

Mr. P Dwarakanath has been associated with the Max Group for nearly nine years, and was earlier heading the Human Capital function at the erstwhile consolidated Max India Limited as Director, Group Human Capital.
Mr. Dwarakanath is a veteran Human Resource professional, having a rich experience of over three decades.

He is on the board of several companies/institutions including GSK Consumer Healthcare Ltd. Previously, he worked with GlaxoSimthKline (GSK) for three decades as its Director, Human Resources and Administration, India & South Asia.

Mr. Dwarakanath has served as the President, National Human Resources Development Network (NHRDN), President of Delhi Management Association (DMA) and Regional President, Northern Region, AIMA.

Mr.-Dilbagh-S.-Narang
Mr. Dilbagh S. Narang
DIRECTOR, TAXATION

Dilbagh S. Narang heads the Taxation function for Max India and its Group Companies. He has been associated with the Max Group for the past 12 years and is a seasoned professional with varied experience in the field of taxation. His experience spans specialization in strategizing for tax efficiencies, M&A tax structuring and handling tax litigation at various appellate forums.

At Max, he is responsible for managing the entire gamut of corporate taxation ranging from day-to-day compliance, advisory and analytics, tax assessments, multifarious litigation, structuring mergers, demergers, slump sales, stake sales and capital raising exercises.

Mr. Narang has played a major role in all the corporate structuring and capital raising activities undertaken at Max since 2006 and has been a key driver in mitigating tax leakages and putting into place effective structures to avoid future tax litigation.

He has also aptly controlled the existing tax litigation at the Group level and has been instrumental in achieving positive outcomes in some of the most difficult matters.

At Max Group, he has been felicitated twice with the prestigious “Chairman’s Award” (in 2009 and 2014) for his outstanding contribution, service excellence and personal credibility to the Group.

Mr. Narang has an excellent academic record. He is a Commerce graduate and a Chartered Accountant by profession. He has over 19.5 years of experience in the field of taxation. Prior to joining the Max Group, Dilbagh worked with PricewaterhouseCoopers for around 6 years and has advised clients such as Carrier Aircon, Lucent Technologies, Nokia India, BHP Billiton, Alcatel, Diebold Systems. He started his career in 1998 with M/s Vaish Associates, a leading tax law firm and managed clients such as Maruti Suzuki, Samsung, Modi group, Eicher Motors etc.

Jatin Khanna
Jatin Khanna
Chief Financial Officer

Mr. Jatin Khanna has been with the Max Group for around 15 years and has recently assumed the position of CFO of Max Financial Services Ltd. Previously, he was the CFO of Max India Limited.

Jatin has over 12 years’ experience in raising Equity and Structured financing, Mergers, Acquisitions and Divestitures, Corporate Restructuring, Investor Relations, Financial Planning & Analysis, Financial Controlling & Management reporting. He also contributes actively to formulation of Corporate and Business Strategy for the Group.

Prior to joining the Max Group, he worked with HCL Infosystems Ltd.

At Max, he has been felicitated with the Chairman’s award in recognition of his outstanding contribution and has also been recognized for being an exemplar for upholding “Max Values” in the area of Capital Management for many seminal transactions, which continues with the recently announced merger of Max Healthcare and Radiant, divestment of stake in Max Bupa and previously implemented demerger of Max Group into 3 listed entities, the acquisition of two hospitals in NCR, reset of joint-venture arrangements with partners, fund raising from marquee investors & lenders and many more.
Jatin is a Chartered Accountant and holds a bachelor’s degree in Commerce. The Company also sponsored a Post Graduate Program in Management for Senior Executives from Indian School of Business, Hyderabad (ISB) for him.