Rishi RajWhole Time Director
K. N. MurthyIndependent Director
Sonu Halan BhasinIndependent Director
Subash Khanchand BijlaniIndependent Director
Rohit RajputCEO & Director
Akshay Kumar BhardwajDirector & CFO
Kiran SharmaIndependent Director
Sanjay KhandelwalIndependent Director
Akhil BhallaIndependent Director
Arthur Harutyun SeterDirector
Ka Luk Stanley TaiDirector
Kiran SharmaIndependent Director
Rishi RajWhole Time Director
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 preeminent firms including Mitsui Sumitomo and 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 Max Ventures & Industries Ltd. He is also the Managing Director of Max Financial Services Limited and Max India Limited. 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 strategic 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 Sahil Vachani is the Managing Director & 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.
Mr Arthur H. Seter, CFA is a part-time consultant to New York Life. He advises New York Life on its investment activities in India and assists in client development activities in Asia. Till July 31, 2020, Mr Seter was the Senior Vice President, Deputy Chief Investment Officer and Chief Derivatives Officer of New York Life.
Mr Seter joined New York Life in 1989 and before becoming the Deputy Chief Investment Officer of the Company in 2006, he served in positions of increasing responsibilities in the Real Estate and Investment Groups. Mr Seter has nearly 40 years of investment experience, having previously worked at E.F. Hutton and L.F. Rothschild, first as a financial analyst and later as an investment banker specialising in mortgage finance. Mr Seter graduated from Sussex University in England with a B.S. in Operations Research and earned an MBA from Adelphi University. He holds the Chartered Financial Analyst designation.
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.
Ms Gauri Padmanabhan is a Global Partner and leads the CEO & Board and Consumer Markets Practices for Heidrick & Struggles in India. She also oversees the Education Practice in South Asia. Before moving to her present position of leading the Consumer Markets Practice, Gauri set up and successfully built the Lifesciences Practice for Heidrick in India. A long-tenured partner, Gauri joined Heidrick & Struggles in 2000 and over the last 20 years has played a key role in building the business in India for Heidrick & Struggles. Working closely at the top with the leadership teams in India and the region, Gauri has assisted them in building their business and functional leadership teams in South Asia. Digital Transformation being high on her clients’ agenda since 2017, she has also supported a number of them in building their digital leadership teams.
Her clients include large global and Indian corporations in the consumer, retail, luxury, hospitality and leisure, education, life sciences, and OTC sectors. Leading the CEO & Board Practice in India, Gauri works closely with Boards in addressing Board Room effectiveness and in fulfilling their D&I agenda. Through her extensive experience partnering with clients across the Consumer & Life Sciences Practice, she has built an extensive network that gives her access to leadership across these sectors in India and overseas.
Gauri has specialised in leadership searches at the Board and ‘C’ level. In meeting the leadership needs of her clients, she has been very successful not only in tapping Indian leadership talent both in India and overseas but also in bringing in expatriate talent into the country. Partnering with her clients in driving their digital & diversity agendas is a focus area for Gauri. Prior to joining Heidrick & Struggles, Gauri had a leadership role in a major direct-selling multinational with overall responsibility for customer services and delivery. As part of the senior management team, she was a key member of the Strategic Planning Group of Heidrick. Her career also includes general management, consulting, and teaching stints.
Shri K Narasimha Murthy entered the profession of Cost & Management Accountancy in 1983. He has been associated with the development of Cost & Management Information Systems for more than 150 companies across more than 45 industries. He has been closely involved in turning around multiple large corporates, focussing on systems improvement with a cost optimisation approach.
He has been associated with more than 45 High Level Committees as Chairman/Member both at national & state level. Presently, he is on the Boards of National Stock Exchange (NSE), NELCO (A TATA Enterprise), Max Life Insurance Company Ltd., Max Healthcare Institute Ltd., Max Ventures & Industries Ltd., Max Specialty Films Ltd. etc.
Earlier, he was associated as a Director with Oil and Natural Gas Corporation Ltd (ONGC), IDBI Bank Ltd, LIC Housing Finance Ltd, UTI Bank Ltd. (presently Axis Bank), Member Board of Supervision NABARD, Unit Trust of India (UTI), Infiniti Retail Limited (TATA Croma), IFCI Ltd, STCI Finance Ltd. (Formerly Securities Trading Corporation of India Ltd.,), AP State Finance Corporation, APIDC Ltd etc.
He is also associated with the development of Cost Accounting Record Rules for many industries as a member of the Advisory Committee, Department of Corporate Affairs, Government of India. His contribution to the Costing & Management Accounting profession in India has been recognised by the Institute of Cost & Works Accountants of India (ICWAI) which honoured him with a citation in October 2007.
Mr Niten Malhan is the founder and managing partner of New Mark Advisors LLP, an investment manager focussed on applying the principles of private equity investing to small and mid-sized listed Indian companies with an aim to achieve long-term compounding of capital. Prior to founding New Mark Advisors LLP in April 2018, he was the managing director and co-head of India at Warburg Pincus India Private Limited (“Warburg Pincus”), a global private equity firm. Niten joined Warburg Pincus in 2001 and became a partner at the firm in 2007. In 2012, he was appointed the co-head of the India business, co-leading a team of 15 investment professionals and a portfolio of over $3 billion in value. Between 2012 and 2017, Niten was also a member of the global executive management group of the firm, a group of senior partners who lead different offices and industry groups at Warburg Pincus.
He has served as member of the board of directors of several Warburg Pincus investee companies including Alliance Tire Company, AVTEC, Cleanmax Solar, DB Corp, Diligent Power Private Limited, Embassy Industrial Parks, Havells India Limited, Laurus Labs, Lemon Tree Hotels, Metropolis Healthcare Limited and Sintex Industries Limited. Niten has also served as the vice-chairman of the Indian Venture Capital and Private Equity Association.
Prior to joining Warburg Pincus, he worked as director of business development at Stratum 8, a Silicon Valley technology start-up company. Before that, he was an engagement manager at McKinsey & Company, and worked in the India, South East Asia and Boston offices of the firm. Niten studied Computer Science & Engineering at Indian Institute of Technology, New Delhi, and completed his Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad.
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