About us Board of Directors

Board of Directors

Mr. Ishaat HussainChairman

Mr. Ishaat Hussain is a Chartered Accountant from England and Wales. Mr. Hussain attended the Advanced Management Programme at the Harvard Business School. He joined the Board of The Indian Tube Company (a Tata Steel associate company) in 1981, and thereafter, moved to Tata Steel in 1983. Mr. Hussain is the Finance Director of Tata Sons Ltd. and Director of several Tata Group companies. He is a member on the Primary Markets Advisory Committee of the Securities and Exchange Board of India.

Mr. Janki BallabhIndependent Director

Mr. Janki Ballabh is a Post Graduate and a Certified Assoicate of Indian Institute of Bankers (CAIIB). Mr. Ballabh was the Chairman of State Bank of India and the State Bank Group. After his retirement from State Bank of India, he was appointed by the President of India as Vigilance Commissioner in the Central Vigilance Commission, New Delhi. Mr. Ballabh also served as the Chairman of Reserve Bank of India Services Board. Mr. Ballabh is also the Chairman of the Advisory Board on Banks Commercial and Financial Frauds and is a Member of Asia Pacific Advisory Committee of Barclays Bank PLC, London.

Mr. Ballabh is an Independent Director on the Board of Tata Capital Limited and Tata AIA Life Insurance Company Limited.

Mr. Ballabh has overall 50 years of experience in the financial services sector.

Mr. Madhusudan KannanNon-Executive Director

Mr. Kannan joined the Tata Group in May 2012. He is currently the Group Head – Business Development and Public Affairs at Tata Sons. He is also a member of the Group Executive Council (GEC) formed by Tata Sons. The GEC provides strategic and operational support to the Chairman of Tata Sons.

Mr. Kannan is a Director on the Boards of several Tata Companies including Tata AIG General Insurance Company Ltd., Tata AIA Life Insurance Co. Ltd. and Tata Business Support Services Ltd.

Prior to joining the Tata Group, Mr. Kannan was the Managing Director & CEO of the Bombay Stock Exchange – having taken over that role in 2009 as one of the youngest CEOs of a Stock Exchange globally.

In his previous stint he was Managing Director in the Corporate Strategy Group of Bank of America -Merrill Lynch. He joined Merrill Lynch in March 2008 as a Managing Director (Strategy and Business Development). In this role he focused on the development and execution of key strategic initiatives for Merrill Lynch in the emerging markets of Asia and Middle-East & North Africa (MENA) and the Global Sovereign Wealth Funds Group.

Mr. Kannan was also Senior Vice President at NYSE Euronext. During his stint at NYSE Euronext, he has served in various senior roles across a range of businesses including Vice President, Corporate Client Group, Head of International Listings (Asia Pacific Region), and Managing Director, International Strategy and Business Development of the Exchange.

Mr. Kannan earned his undergraduate degree B.E. (Hons.) in Electrical and Electronics, M.Sc (Hons.), in Economics from BITS, Pilani, India and an M.B.A. in Finance from Vanderbilt University, USA.

Mr. Kannan was nominated as a Young Global Leader in 2007 by the World Economic Forum (WEF), based in Geneva, Switzerland.

Mr. Kishor A. ChaukarNon Executive Director

Mr. Kishor A. Chaukar is a Post-Graduate in Management from Indian Institute of Management, Ahmedabad. Mr. Chaukar also holds a DEA in Rural Economics from the University of Dijon, France. He was the Managing Director of Tata Industries Limited (TIL). Mr. Chaukar serves as a member of the Tata Group Executive Office and is also a member of Group Corporate Centre of the Tata Group. Mr. Chaukar is a Director of many Tata group companies.

Mr. Pratip KarIndependent Director

An MBA from INSEAD, France, Prof. Pratip Kar has also served as the Dean of Finance and Corporate Governance at the Tata Management Training Centre (TMTC). He has worked with Stern Business School, Harvard Business School, and Ross School of Management of Michigan University in delivering programmes on leadership and strategy at TMTC. He is a well known Finance specialist with an experience of over 30 years in the field, a major part of which was devoted to the securities market. He has been a key contributor to the transformation of the Indian securities market and in the formulation and implementation of policy for developing, modernising and regulating Indian securities market in his capacity as Executive Director of SEBI.

Prof. Kar is associated with many organizations and forums like National Institute of Securities Market, IFC Global Corporate Governance Forum and the World Bank, CII's Council on Corporate Governance as an advisor. A prolific writer, Prof. Kar has a number of publications to his name and is a regular contributor to financial broadsheets such as Economic Times, Financial Express, Business Standard etc.

Mr. Simeon PrestonNon Executive Director

Mr. Simeon Preston is the Executive Vice President and Group Head of Business Strategy of the AIA Group holds MBA (Distinction), from INSEAD, France, and M.Sc in Transportation Policy & Planning, University of New Castle upon Tyne, United Kingdom. Mr. Preston is responsible for supporting and challenging the country strategy development, execution and AIA Group level business planning and development of business initiatives.

Prior to joining the AIA Group, Mr. Preston served from May 2008 till August 2008 a Senior Partner in the financial Services practice of global management consultants, Bain and Co., where he specialized in the Asia Life Insurance sector. He has also spent almost nine years with consulting firm Marakon Associates from September 1999 till April 2008 and was named a partner in 2006.

Mr. William LisleNon Executive Director

Mr. Lisle is Regional Chief Executive with responsibility for Malaysia, Korea, Sri Lanka, India and Cambodia. Mr. Lisle was Chief Executive Officer of AIA’s operation in Malaysia from December 2012 to May 2015 including leading the large-scale and successful integration of AIA Bhd.

Mr. Lisle joined the Group in January 2011 as Group Chief Distribution Officer. Prior to joining AIA, Mr. Lisle was the Managing Director, South Asia for Aviva Asia Pte Ltd. (“Aviva”) from May 2009 until 2010.

Prior to Aviva, Mr. Lisle held a number of senior positions at Prudential Corporation Asia, including as their Chief Executive Officer in Malaysia from 2008 to 2009 and their Chief Executive Officer in Korea from 2005 to 2008; as Chief Agency Officer for ICICI Prudential from 2002 to 2004 and as Director of Agency Development, South Asia in 2001.

Mr. D K Mehrotra Independent Director

Mr. Mehrotra retired as Chairman of India's largest insurance company, Life Insurance Corporation of India in May 2013. During his career spanning 36 years he has worked across various operating, service and strategic departments in India and abroad and held important positions such as In-charge of divisions, Head of Zonal Office and also headed the international operations of the corporation.

He assumed charge as Managing Director of LIC in 2005 and was a key member of the strategic and policy making committees of the corporation. He also oversaw the corporation's marketing operations, including customer relations and spearheaded initiatives in information technology systems and processes in the corporation. Alongside, he supervised the investment portfolio of the corporation, with a book size of over Rs.14 lac crores in FY13. He assumed the reins of the Corporation as the Chairman in June 2011.

He also played the role of convener for the Expert Group Committee, formed by the Govt. Of India, under Chairmanship of Shri Vepa Kamesam in September 2010 for giving suggestions on improving the functioning of LIC, including processes relating to Investments of LIC.

He chaired various internal and external boards of the corporation and its associates such as the Housing Finance Limited, LIC Nomura Mutual Fund Limited, LIC Credit Cards and New Pension Scheme (an initiative of the Government of India). He also represented Indian insurance in international forums.

During his stewardship of LIC, the corporation regained its market share from peers and established itself as a market maker. He guided the creation of LIC's Vision 2020 program, under which the corporation aspires to provide a life insurance policy to every insurable citizen in the country by 2020. Presently he is serving as Director on the Boards of a number of diverse Companies, to name a few, IEX, MCX and others.

Ms. Roopa KudvaIndependent Director

Ms. Kudva was appointed Managing Director and Chief Executive Officer of CRISIL in 2007. She has led CRISIL’s evolution from a leading Indian rating agency to a diversified analytical Company with clients ranging from the largest investment banks of the world to ten of thousands of small firms spread across India. Under leadership, CRISIL’s market capitalization has grown four-fold from Rs. 2900 crores to Rs. 14,000 crores, and revenues have tripled. With India, its reach has expanded from 9 Indian cities to 150. Globally, CRISIL’s research centers have now expanded to Argentina, China, India and Poland. During the tenure, CRISIL has pioneered several innovations including rating of mid-sized and small Indian companies and the launch of a unique Financial Inclusion Index for India. She also spearheaded CRISIL’s entry into proprietary research outside India by acquiring UK-based Coalition Development Ltd. in 2012.

Earlier, Ms Kudva, led CRISIL’s ratings business, and also led CRISIL’s foray into global research and analytics. Ms. Kudva joined CRISIL in 1992, and has more than two decades of global experience across sectors, in India, Middle-East, Eastern Europe and Mediterranean countries, including a secondment to Standard & Poor’s Paris, as Director, Financial Institutions Ratings.

Ms. Kudva regularly features in lists of the most powerful women in business Complied by prominent publications, including Fortune and Business Today. She is a recipient of Several prestigious awards including the ‘Outstanding Women Business Leader of the Year’ at CNBC TV18’s India Business Leader Awards 2012, Today Corporate Women Award 2014’ and Indian Merchants’ Chamber Ladies’ Wing’s Women of the year’ award 2013-14.

Ms. Kudva is an Independent Director on the Board of Infosys Ltd. She is member of several policy-level committees relating to the Indian financial system, including committees of the securities and Exchange Board of India and the Reserve Bank of India. She is member of the External Advisory Committee for evaluating applicants for the Payment Bank licenses by the Reserve bank of India. She has also been a member of the Executive Council of NASSCOM. She is regular speaker at global conferences and seminars by multilateral agencies, market participants and leading academic institutions.

Ms. Kudva holds a postgraduate Diploma in Management from Indian Institution of Management, Ahmedabad (IIM-A) and also received the Distinguished Alumnus Award from her alma mater.

Mr. Naveen TahilyaniChief Executive Officer & Managing Director

Naveen Tahilyani joined Tata AIA Life as Chief Executive Officer & Managing Director in January, 2015

Naveen brings with him rich experience of nearly two decades in the Insurance, Banking & Asset management Industry.

Prior to joining Tata AIA Life, Naveen was a Senior Partner at McKinsey & Company, based in Mumbai and led the Financial Services practice in South East Asia (Singapore, Malaysia, Indonesia, Thailand, Phillippines, Vietnam). At McKinsey he worked with some of the largest public, private and foreign financial services institutions.

Naveen has deep expertise in life insurance business. He has advised India and SE Asia’s leading insurance companies on topics of distribution transformation including bancassurance, customer management and operational improvements.

Naveen holds an MBA from Indian Institute of Management, Ahmedabad, and a Bachelor of Technology from Indian Institute of Technology, Madras.