Progress through Partnership

Mr Analjit Singh is the Founder & Chairman of The Max Group, a leading Indian multi business enterprise, with interests in life insurance (Max Life), real estate (Max Estates) and senior care (Antara). The Max Group is renowned for successful joint ventures with some pre-eminent firms including Mitsui Sumitomo, Toppan, New York Life Insurance Company, Bupa Plc, Life Healthcare, DSM, Netherlands, Hutchison Whampoa, Motorola, Lockheed Martin and others.

Amongst privately held family 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 be opened in Florence, Italy. The Leeu Collection also includes a significant presence in wine and viticulture through Mullineux Leeu Family Wines in SA.

Mr Analjit Singh was awarded the Padma Bhushan, India’s second 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 the Graduate School of Management, Boston University. He has been conferred with an honorary doctorate by Amity University.

He is also a Director on the Board of Sofina NV/SA, Belgium. Till August 2018, he was the non-executive Chairman of Vodafone India.

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 the Board of Governors of The Indian Institute of Technology and The Doon School.

Mr Analjit Singh has served on the Prime Minister’s Indo US CEO and Indo UK CEO Council and till recently served as the Honorary Consul General of the Republic of San Marino in India.

Mr 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 serves on the Boards of Max Life Insurance and Antara Senior Living.

During his stint at 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 Group’s operations. He has played a central role in executing key transactions including the recent restructuring of Max India with divestment of its healthcare and health insurance businesses. He is currently driving the ongoing joint venture transaction between Max Life and Axis Bank. Some of the other corporate transactions in which he has played a key role include the mega restructuring of the erstwhile Max India into three new listed companies, which received a significantly positive reaction from capital markets, setting up of Max Bupa Health Insurance in 2010, joint venture partnerships between Mitsui, Japan and Max Life, and Life Healthcare, South Africa and 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 organisations such as Standard Chartered, ANZ Grindlays and Bank of Nova Scotia, prior to joining the Max Group.

Mr Aman Mehta retired as the CEO of HSBC Asia Pacific in January 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.

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. He has hands-on experience in Infrastructure, International Trade, Urban Development, Renewable Energy, Agriculture Development and MicroCredit, Corporate Governance, Banking, Insurance, Pension and Finance. He holds a master’s degree in physics with a specialisation in Electronics from the University of Allahabad, India.

Sir Charles Richard Vernon Stagg has been the Chairman of Rothschild and Co., India since 2015. He is a Director of the JP Morgan Asian Investment Trust and a Trustee of the School of Oriental and African Studies in London. Before joining Rothschild, Sir Richard was a career officer in the UK Foreign Service from 1977-2015. His last two postings were as High Commissioner in Delhi and British Ambassador in Kabul. From 2003-2007, he was the Chief Operating Officer, responsible for the Foreign Office’s global network of embassies and consulates.

From 2007-2017, in addition to his diplomatic responsibilities, Sir Richard was the Chairman of FCO Services – a Public Sector Unit (PSU) providing secure services to the UK and foreign governments. Sir Richard has an MA in History from Oxford University.

Mr Jai Arya is a member of the Board of the UK-based research consultancy, the Official Monetary and Financial Institutions Forum (OMFIF). He is also Adviser to the Dean, NUS Business School, Singapore, as well as their Head of Executive Education. Mr Arya has also been a Senior Adviser for Asian banking to a global consultancy firm and has also consulted on a project basis for the Asian Development Bank. Prior to this, Mr Arya worked for Bank of New York Mellon for 27 years and Bank of America for 10 years, in various Asian locations. Before leaving BNY Mellon in April 2014, Mr Arya was an EVP and global head of their business with sovereign institutions, as well as a member of the bank’s Global Operating Committee and Asia Executive Committee. His earlier roles included Head of Asia Client Relationships and Asian country offices. Mr Arya received an MBA from the Faculty of Management Studies, Delhi University and a BA (Honours) in Economics from St. Stephen’s College, Delhi University.

Mr Sahil Vachani is the MD & CEO of Max Ventures and Industries Limited, one of the three listed companies of the US $3 billion Indian conglomerate – the Max Group. He also serves as a Director on the Boards of Max Financial Services Limited and its subsidiary Max Life Insurance 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. Since assuming his role at MaxVIL, he has successfully completed key transactions which will have an enduring impact on the Company’s growth journey over the next few years. Sahil has also facilitated intellectual and financial capital to promising and proven early stage organisations across identified sunrise sectors led investments through Max I.

Sahil 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 set up new verticals across multiple locations. He was also involved in the launch of new products, setting up of new manufacturing facilities and establishing relationships with leading brands as customers. He then progressed as the 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. He holds a Bachelor’s degree in Management Sciences from the University of Warwick, U.K. and an Executive Management Program on Disruptive Innovation from the Harvard Business School.

Ms Naina Lal Kidwai is Chairman, Advent India Advisory board; a Non-Executive Director on the boards of LafargeHolcim, Max Financial Services, CIPLA, Nayara Energy and Larsen and Toubro and Past President of FICCI (Federation of Indian Chambers of Commerce & Industry). She retired in December 2015 as Executive Director from the board of HSBC Asia Pacific and Chairman HSBC India and in April 2018 from the global board of Nestle.

An MBA from Harvard Business School, she is the recipient of several awards and honours including the Padma Shri for her contribution to Trade and Industry. She is engaged with institutions in environment, water and sanitation and has authored 3 books including the bestsellers “30 women in Power: Their Voices, Their Stories” and “Survive Or Sink: An Action Agenda for Sanitation, Water, Pollution, and Green Finance”.

She is one of the Government of India’s representatives on the BRICS Business Council and the INDO-ASEAN Business Council. She is also on the investment advisory committee of the Army Group Insurance Fund and on the Governing Board of Lady Shriram College and Harvard Business School South Asia Advisory Board.

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 of Banking, Financial Sector Legislative Reforms Commission and the National Institute of Bank Management.