Mr. Saurabh AgrawalChairman
Mr. Saurabh Agrawal is the Group Chief Financial Officer of Tata Sons, the holding company and promoter of over 100 Tata companies. Saurabh joined Tata Sons in June 2017 from the Aditya Birla Group where he was the Head of Strategy.
In a career spanning over two decades, Saurabh has been the Head of Investment Banking in India for Bank of America Merrill Lynch and also Head of Corporate Finance business in India and South Asia for Standard Chartered bank.
Mr. Saurabh has wide-ranging experience in strategy and capital markets where he had a ringside view of the evolution of the Indian economy since the mid-90s. He advised clients on transactions valued more than US$16 billion. In addition, Saurabh has helped various large Indian and Global corporates raise over US$10 billion from the capital markets. In his advisory capacity, Saurabh has advised several business groups like Tatas, AV Birla, GMR, ICICI, Bharti, DLF, etc.
In his role as Group CFO, Saurabh will be focused on driving the financial performance of the group through rigor and synergy in capital allocation, investment management decisions, and portfolio optimization.
Mr. Saurabh completed his undergraduate degree in Chemical Engineering from IIT Roorkee and has a post-graduate management degree from IIM Kolkata. He lives in Mumbai with his wife Shelly and two children. He is an avid reader, outdoors enthusiast & movie buff. He enjoys playing badminton and squash.
Mr. Naveen TahilyaniNon-Executive Director
Naveen is currently the Chief Executive Officer and Managing Director at Tata Digital Pvt. Ltd. Naveen brings with him rich experience of over two decades in financial services - Insurance, Banking & Asset management. He was the Managing Director &CEO at Tata AIA in two stints – 2015 to 2018 and 2020 to 2023. During his stint at Tata AIA, Naveen led the organisation’s transformation and helped Tata AIA grow from a No. 17 position [based on IWNBP] to No. 3 and to #1in protection (measured by Retail Sum Assured). Naveen has also served at AIA as CEO - Group Partnership Distribution, and at Axis Bank as Group Executive in charge of Banking Operations and Transformation.
Prior to joining Tata AIA in 2015, Naveen was a Senior Partner at McKinsey & Company, based in Mumbai and led the Financial Services practice in India and South East Asia (Singapore, Malaysia, Indonesia, Thailand, Philippines , Vietnam). At McKinsey he worked with some of the largest public, private and foreign financial services institutions.
Naveen holds an MBA from Indian Institute of Management, Ahmedabad, and a Bachelor of Technology from Indian Institute of Technology, Madras. Naveen is passionate about running, and loves watching science and science fiction.
Ms. Aarthi SubramanianNon-Executive Director
Ms. Aarthi Subramanian is the Group Chief Digital Officer at Tata Sons Limited, reporting to the Group Executive Chairman. A professional with over 28 years of experience in the global technology sector, Ms. Subramanian started her career with Tata Consultancy Services (TCS), and worked in diverse roles in India, Sweden, the United States and Canada, thereby gaining rich experience in consulting engagements, and management of large-scale technology programs, as well as operations.
At TCS, Ms. Subramanian was an Executive Director and Global Head of Delivery Excellence, Governance & Compliance. She was responsible for driving excellence in service delivery, governance of key programs & initiatives, as well as enterprise-wide compliance. Prior to this role, Ms. Subramanian was the Head of Delivery for seven years with the TCS Retail & CPG Business unit, where she was responsible for several strategic accounts and major clients. She led the team to achieve excellence in customer service through relentless customer focus, rigor in service delivery, and proactive value addition focus. Ms. Subramanian also played a key role in setting up the SAP Center of Excellence in Chennai. Ms. Subramanian started her career as a graduate trainee in TCS in 1989, and she went on to become an analyst, project manager and then moved from Account Management roles to a Senior Executive role in TCS.
Ms. Subramanian holds a B.Tech degree in Computer Science from National Institute of Technology, Warangal (India), and a Masters degree in Engineering Management from University of Kansas (USA).
Mr. Garth Brian JonesNon-Executive Director
Mr. Garth Jones is the AIA Group Chief Financial Officer responsible for leading the Group in all aspects of capital and financial management, as well as managing relationships with key external stakeholders, including independent auditors and actuaries, rating agencies and international accounting and regulatory bodies. He is a director of various companies within the Group, including AIA Co. and AIA International. He joined the Group in April 2011.
Prior to joining the Group, Mr. Jones was the Executive Vice President of China Pacific Life Insurance Co., Ltd., the life insurance arm of China Pacific Insurance (Group) Co., Ltd. He also held a number of senior management positions during 12 years with Prudential Corporation Asia Limited, including Chief Financial Officer of the Asian life insurance operations. Prior to joining Prudential, Mr. Jones led the development of Swiss Re’s Asia life business.
Mr. Jones is a Fellow of the Institute and Faculty of Actuaries in the United Kingdom. On 1 June 2016, he was appointed a member of the industry advisory committee on long term business, which advises the Independent Insurance Authority in Hong Kong. Mr. Jones is also a member of the IFRS Advisory Council of the International Accounting Standards Board.
Ms. Jayne PlunkettNon – Executive Director
Ms. Plunkett, aged 52, is the Group Chief Risk Officer responsible for the AIA Group’s risk and compliance functions. She is a director of various Group companies, including AIA Singapore Private Limited and AIA Philippines Life and General Insurance Company Inc. (formerly known as The Philippine American Life and General Insurance (PHILAM LIFE) Company). Ms. Plunkett joined AIA in November 2019 from Swiss Re, where she was most recently Chief Executive Officer Reinsurance Asia, Regional President Asia and member of the Group Executive Committee.
During her time with Swiss Re, she held several senior positions, including Head of Casualty Underwriting for Asia and Division Head Casualty Reinsurance. Prior to that, she was with GE Insurance Solutions. Ms. Plunkett holds a Bachelor of Science in Business Administration from Drake University. She is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.
Ms. Alice VaidyanIndependent Director
Ms. Vaidyan is the first lady officer to assume the post of Chairman-cum-Managing Director of General Insurance Corporation Of India and the first lady chairman-cum-managing director in the Indian General Insurance Industry. She has over 36 years of experience and is considered among the foremost insurance experts not only in the Indian insurance and reinsurance industry, but also across the globe.
She joined The New India Assurance Company aa a direct recruit office and rose to the level of Deputy General Manager in 2008. She then moved to GIC to become General Manager in 2012 and CMD in January 2016.
During her tenure at the helm of GIC Re , the company became the 10th largest reinsurer globally and was recognised by Forbes as among the 250 best regarded global companies, growth champions and best employers. She also led the largest IPO in the financial sector in India during the successful listing of GIC Re in 2017.
She has won several national and international awards. Ms. Vaidyan is the only Indian in Fortune’s Global list (2018) of 50 Most Powerful Women in Business. Freedom (or Freedom Honoris Causa) of the City of London is the greatest honour that is in the power of the City of London to bestow. In April 2019, Mrs Vaidyan was honoured with the Freedom of City of London in recognition of her work to promote insurance ties between India and UK. She won the CEO of The Year award by ET Prime at the Economic Times Prime Women Leadership Awards for 2019. Business Today recognized her as one of the 30 most powerful women in Indian business in 2016, 2017 and 2018. FORTUNE India announced Ms. Alice G Vaidyan, as the 4th most powerful woman in Business in 2018 on "Most Powerful Women in Business”. ASSOCHAM presented Mrs Vaidyan, the Leadership Excellence Award in February 2019.
Ms. Vaidyan was on the Boards of Life Insurance Corporation of India, ECGC Limited, Kenindia Assurance Co. Ltd., Indian Register of Shipping, GIC Housing Finance Ltd., GIC Re South Africa , GIC Re Lloyds Syndicate 1947, Asian Reinsurance Corporation, Bangkok International Insurance Society New York and National Insurance Academy.
Ms. Vaidyan holds a post graduate degree in English Literature and has trained at Harvard Business School. She is a fellow of the Insurance Institute of India. She is an avid reader and plays the piano in her spare time.
Mr. Nilesh SatheIndependent Director
Mr. Nilesh Sathe was Member, IRDAI Hyderabad from 2015 to 2019 during which period, he headed Life Insurance Department along with Legal, IT, HR and Admin for all the four years and also headed Non-Life (General Insurance), Intermediaries, Surveyors, Health, Finance and Accounts, Inspection and Enforcement for over a year, during the period when Member (General Insurance), Member (Finance) and Member (Distribution) were not there.
Before joining IRDAI, he was CEO and Director of LIC Nomura Mutual Fund Asset Management Company for a period of three years. Before that he headed the Northern Zone of LIC of India as Zonal Manager, New Delhi as in-charge of Marketing and Administration. He held various positions in UC of India, such as Executive Director of a Marketing Channel, Chief (Pension & Group Schemes Dept.) and Sr. Divisional Manager of two prestigious Divisions of Mumbai.
He worked with Bank of India and Canara Bank for over 5 years before joining UC of India as a Direct Recruit Officer. He brings with him a rich experience of over 4 decades in the Banking, Insurance & Mutual Fund Industry.
He is a rank holder with distinction in M. Com from Nagpur University. He is also a Certified Associate of Indian Institute of Bankers.
During his tenure as Member in IRDAI, Mr. Nilesh Sathe was a member of Implementation Committee of International Association of Insurance Supervisors (IAIS) and represented India in Basel (Switzerland), Morocco, Budapest, Moscow, Singapore etc. He was also Member of Asian Insurance Forum and represented India at Manila, Bangkok, Taipei etc.
He was Advisor (Finance) to NHAI for a year up to 30th April 2021. He is Independent Director on the Board of Mahindra Manulife Mutual Fund.
He has recently been awarded "Lifetime achievement award in Insurance sector" by Quest, Singapore.
His memoir "Never Give Up" has been recently published. He takes keen interest in literature, sports, and culture.
Prof. Arvind SahayIndependent Director
Prof. Arvind Sahay is Director and Professor of Marketing at MDI, Gurgaon He has a Ph.D. from the University of Texas at Austin and has taught for 8 years at London Business School, UK and 19 years at IIM, Ahmedabad. He is an alumnus of IIM, Ahmedabad and IIT, Kanpur.
His primary areas of interest include marketing strategy, pricing, neuroscience and consumer behavior and brand management. He started his career in banking and has engaged extensively with the financial services industry as a trainer, consultant and board member. He has consulted and done corporate training for more than 50 clients in India and abroad. He has lead executive education programs on Pricing, Neuroscience in Marketing, Enhancing Salesforce Performance, Fintech: Strategy and Tactics and Applications of Behavioral Science for CXOs. As Founding Chairperson of the NSE Center for Behavioral Science, he was instrumental in establishing the first of its kind center for research in a management school in India.
He has authored 34 international peer reviewed articles, 65 cases and more than 50 articles for business magazines and newspapers. His second book - “Brands and the Brain” – was published in 2022 and is now a national best seller. Professor Sahay is the recipient of the University Wide Outstanding Dissertation Award from the University of Texas at Austin, the Innovation in Teaching Award at London Business School and the UTV Bloomberg Best Marketing Professor in India. Professor Sahay has a cumulative boardroom experience of more than 35 years and is currently serving on the boards of several listed and unlisted firms.
His leadership experience includes stints as Dean (AER), Chairperson NSE-CBS, Chairperson, India Gold Policy Center, Chairperson Marketing Area, Chairperson PGPX and Chairperson Executive Education at the Indian Institute of Management, Ahmedabad. Professor Sahay enjoys reading, walking and running, trekking and golf.
Key Persons &
Executive Committee Members
Mr. Venkatachalam IyerPresident & Chief Distribution Officer
H. Venkatachalam, also known as Venky to his colleagues, is the President & Chief Distribution Officer at Tata AIA Life Insurance.
Venky brings to the table his vast experience in the financial services industry spanning Life Insurance, Asset Management Business and Custodial Services. His 20 year long career encompasses Sales and Distribution, Channel Management, and Strategy roles.
He joined Tata AIA Life in April 2016 from ICICI Prudential Life Insurance Company, where he was Executive Vice President for Bancassurance, Assets and International business. He was instrumental in setting up Bancassurance business at ICICI Pru.
Venky pursued Masters in Financial Management from Narsee Monjee Institute of Management Studies, Mumbai.
Mrs. Kristyl BhesaniaPresident and CHRO
Ms. Kristyl Pais Bhesania is the President and Chief Human Resources Officer at Tata AIA Life Insurance. In her current role, she oversees the entire HR vertical of the company. Kristyl has joined Tata AIA Life Insurance in December 2011.
Kristyl started her career with Johnson & Johnson and thereafter headed HR for Tata NYK, where she set up the HR department. She has also had a stint with Euro RSCG as Head of HR.
Prior to Tata AIA Life, she was with Taj Group of Hotels, where she worked as Director Human Resources. She worked with the iconic hospitality brand for 12 years, having handled more than 40 of the group's international as well as the Premium hotels. She was part of the team that launched Vivanta by Taj brand in 2010. As a strategic business partner at Vivanta by Taj, HR focused on working on solutions to develop and train associates on the "Vivanta way of life".
Kristyl am certified in MBTI Assessments. She is a certified external assessor for the Tata Business Excellence Model and a certified IRIS trainer and assessor.
She is a graduate in Economics from Mumbai University and also done her MMS from Mumbai. Kristyl loves travelling and reading.
Mr. Samit UpadhyayPresident - CFO & Head of Products and Propositions
A qualified actuary & chartered accountant, Samit Upadhyay has over fifteen years of experience as a senior insurance and risk management professional. Before the current role, he was the CRO & Head- Product at Tata AIA Life Insurance. He has held multiple senior positions in HDFC Life as well as ICICI Prudential, bringing with him extensive experience in risk, capital, valuation, planning, product pricing and design.
Mr. Harshad PatilExecutive Vice President and Chief Investments Officer
Mr. Harshad Patil is responsible for all investment activities and investment strategy. He brings to the table a unique blend of experience in managing equity and debt funds in various capacities for both insurance & mutual fund industry. He has extensive experience of over 20 years in a gamut of areas pertaining to investments such as fund management, research and dealing functions.
Harshad joined Tata AIA Life Insurance in 2006 as a Fund Manager and was elevated to the role of the CIO in Jan 2014. He has been instrumental in taking Tata AIA Life Insurance’s Investment portfolio from strength to strength. Under his guidance, Unit Linked Funds have outperformed the benchmark on a consistent basis and are highly rated by Morningstar.
Harshad has also developed an unique investment methodology of the High water mark funds in-house, making Tata AIA Life Insurance a pioneer in this fund category.
Harshad has worked extensively on optimizing ALM requirements and worked closely with banks to develop the forward rate agreement (FRA) suitable to the Indian markets which helps insurance companies hedge the interest rate risk. Under his guidance Tata AIA Life Insurance has become pioneer in interest rate hedging techniques by extensively using partly paid bonds, IRFs, STRIPS and FRA.
Harshad's prior assignment was with UTI Mutual Fund for over 7 years in various capacities linked to fund management and dealing.
Harshad holds a Bachelor Degree in Mechanical Engineering from Government College of Engineering, Pune (COEP) and a Masters Degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. Harshad also has a CFA certification to his credit.
Mr. Swaminathan SExecutive Vice President - Legal, Company Secretarial, Regulatory Affairs & ESG
Mr. S Swaminathan (ACS, LLB) is currently Executive Vice President - Legal, Company Secretarial, Regulatory Affairs & ESG at Tata AIA Life Insurance Company Limited. Prior to this he was Senior Vice President - Legal & Compliance and Company Secretary at HDFC Standard Life Insurance Company Limited.
Out of his 34 years’ experience in financial services, he has been associated with the HDFC Group for over 16 years and currently with the Tata Group for over 11 years. Mr. Swaminathan is a veteran in the Life Insurance sector in India since 2000 and works closely with the Regulatory Authorities and the Insurance Industry in shaping governance landscape for the Industry. He is a Member of the Institute of Directors and a Life member of the Indian Institute of Corporate Affairs (Ministry of Corporate Affairs)
In addition to being a Sports enthusiast, he is a percussionist and also a trained faculty of the Stress Management Programs of the Art of Living Foundation and attributes his progress in life to His Holiness Sri Sri Ravishankar.
Mr. Sanjay AroraExecutive Vice President and Head of Operations
Sanjay Arora is currently the Executive Vice President & Head of Operations at Tata AIA Life Insurance Company Limited. He joined Tata AIA Life in 2015 as Head of Internal Audit and in January 2019 moved into role of Business transformation, thereby responsible for setting the following verticals - Project Management Office and Health & Wellness.
He is responsible for driving operational excellence through design, implementation, and improvement of policies and procedures to ensure that the Company delivers best in class experience to its customers and consumers.
Sanjay is a Chartered Accountant from Mumbai and is also a Certified Information Systems and Internal Auditor from USA and has over 19 years of experience.
Prior to joining Tata AIA Life, he has worked with Aviva Life Insurance, ICICI Prudential Life Insurance and KPMG. He brings with him a wealth of experience across project management, internal audit, compliance and risk management.
Mr. Saurabh JainExecutive Vice President & Head - Internal Audit
Saurabh Jain had joined Tata AIA Life Insurance in October 2018 as Senior Vice President, Internal Audit and subsequently became the Head of the Internal Audit function.
Saurabh is a Chartered Accountant and a graduate in Commerce (Hons). He has twenty years plus experience in the areas of Internal Audit, Risk Management, Business Processes and Control Reviews. He has worked with an investment house based in Abu Dhabi (Mazrui Holdings), a life insurance company based in Gurgaon (Canara HSBC Life Insurance) and with a big four firm (in India and USA). In his last assignment he was working with a Dubai based Pay TV company as Director, Internal Audit (Gulf DTH – 'OSN').
Mr. Aditya KanadeExecutive Vice President, Project Management & Transformation and Head - Real Estate & Infrastructure
Mr. Aditya Kanade is currently Executive Vice President, Project Management & Transformation and Head - Real Estate & Infrastructure at Tata AIA Life Insurance Company Limited. In this role, he is responsible for the oversight of all enterprise projects and business transformation initiatives. Additionally, he also provides leadership to the Real Estate and Infrastructure (RE&I) team.
Aditya has been with Tata AIA Life for over 16 years and has held multiple roles such as heading Internal Audit, Operational Risk Management, and Real Estate and Infrastructure. He joined Tata AIA Life Insurance in 2005 to set up and lead the inhouse internal audit function. As the head of RE&I, he ensured that the RE cost structure of the Company remained competitive and optimized, through a series of cost reduction initiatives.
Aditya is a qualified Chartered Accountant (India), Cost Accountant (India) and Certified Information Systems Auditor (USA), with over 28 years of diverse industry experience. Prior to Tata AIA Life Insurance, Aditya has worked with reputed organisations in the Financial Services and Telecom sectors.
Mr. Amit DaveExecutive Vice President and Chief Agency Officer
Mr. Amit Dave’s current role is to build a twin-track agency model to accelerate agency distribution. He has 17 years of experience in the Life Insurance sector and has worked across geographies and channels in various leadership roles.
He aspires to achieve excellence in his work area by finding simple yet thought-through solutions that add value to his team and the organization. He enjoys being a part of the wilderness, hence often indulges in jungle safaris and tiger trails. He is also an avid consumer of content across genres in online and offline space.
Mr. Ramesh VishwanathanExecutive Vice President and Chief Bancassurance Officer
Ramesh is our Executive Vice President and Chief Bancassurance Officer. He is a Sales & distribution leader with over 24 years of extensive experience across leading organizations such as ICICI Prudential Life Insurance, Castrol India, Bharti Airtel, and L&T Finance.
In the Life Insurance domain, he has worked across multiple business channels such as Tied Agency, Bancassurance, Corporate Agents & Brokers, and Proprietary sales Force. An Industrial Engineer from Pune University, he has also done his Post Graduation in Marketing from K.J. Somaiya Institute of Management, Mumbai, and a MDP from IIM Ahmedabad.
Mr. Jeelani BashaExecutive Vice President – Partnership Distribution
Jeelani Basha is the Executive Vice President heading BroCA, Direct Distribution, DBS, CUB, Corporate Solutions, GTL, Funds, GCL, International and Rural-Social portfolio at Tata AIA Life Insurance. He joined the organization in 2017. Since then, he has flourished the channel to great success by piloting beneficial business change, across-the-board results, and profitable growth through bold and inspirational leadership.
Jeelani has a wealth of experience in New Business Development, Managing Partnerships, Alliances, Team Building, and Business restructuring. He has worked with ICICI Prudential for a decade. He handled multiple roles with Bancassurance & International business teams, Managed Broking vertical along with Banca in HDFC Standard Life. His previous assignment was with 3i Infotech Ltd., as a Global Sales Head & Regional Head- MEA, Middle East.
He has been the recipient of the ‘Quality Leadership Award’ in Asia Leadership Awards ’2015. Jeelani has completed his Master’s in Foreign trade from Pondicherry University. He loves to travel, read and watch movies in his spare time.
Mr. Soumya GhoshExecutive Vice President and Chief Technology Officer
Mr. Soumya Ghosh is the Executive Vice President and Chief Technology Officer at Tata AIA Life Insurance. Mr. Soumya Ghosh’s current role is to drive the technology, digital and innovation agenda to endeavor to deliver best-in-class experience to customers, distributors and employees.
He has over two decades of experience driving large scale complex transformation programs. Prior to Tata AIA he was instrumental in driving the digital transformation for Prudential Plc. He designed, built and enabled roll out of the Pulse App across 18 markets in Asia and Africa and created a digital Insurance Platform to launch products faster and cheaper. He also holds a prior experience of leading the growth of BT’s Technology, Service and Operations division (TSO) in India and running an engineering unit delivering OSS capabilities across the globe. Soumya holds a Bachelor of Technology from Indian Institute of Technology, Kharagpur.
Mr. Kshitij SharmaExecutive Vice President - Appointed Actuary
Kshitij Sharma is a qualified actuary with over 17 years of experience in the life insurance industry globally. He has experience in multiple insurance markets in addition to India, including UK, continental Europe, Middle-East and South East Asia. Kshitij was previously a part of Tata AIA’s Financial Planning and Analysis vertical. Prior to joining Tata AIA, Kshitij was an insurance consultant specializing in Actuarial services, serving as Partner at EY Actuarial Services LLP. He has experience in the areas of mergers and acquisitions, shareholder and statutory reporting, risk management, product pricing and development, actuarial modelling, audit and IFRS17.
Mr. Rajat BajajExecutive Vice President - Chief Compliance & Risk Officer
Mr. Rajat Bajaj is Executive Vice President - Chief Compliance & Risk Officer, at Tata AIA Life Insurance. Rajat Joined us in 2016 and is responsible for Regulatory Interface, Compliance Implementation, Compliance Reviews & Advisory, Anti-Money Laundering framework, Market Conduct Monitoring & Ethics Programme implementation.
Rajat brings on board diverse experience of 20 years with multiple sectors, including manufacturing and financial services. Rajat has spent over 12 years in Insurance Sector; namely with Sun Life Financial, Max Life Insurance and Tata AIA Life Insurance.
Rajat is Bachelor of Commerce (Honours) and LLB from Delhi University, besides, he is also qualified Company Secretary from ICSI. He has done his Diploma in Business Management from IMT Ghaziabad.
He is a yoga enthusiast and promotes overall well-being.
Mr. Girish KalraChief Marketing Officer
Girish J Kalra heads the Marketing & Corporate Communication functions at Tata AIA. He has an experience of over 20 years, having worked with firms across Consumer Goods, Mutual Funds, Non-Life & Life Insurance sectors. He is an Engineering Graduate and has specialized in Marketing as part of his MBA program. He has been a Speaker and Jury Member at various Marketing & Communication related forums across domestic and International platforms. He is a Tech Enthusiast, loves reading Books and Traveling.
Mr. Aman TandonSenior Vice President and Chief Strategy Officer
Aman Tandon spearheads corporate strategy, strategic alliances and Chief of staff functions at Tata AIA. He has two decades of cross functional experience across sales, sales strategy, business development, planning, project management, corporate strategy, CX and CE. Prior to Tata AIA, he has worked with multiple prominent insurers across various organizational stages - right from start-up, growth and transition. He is passionate about both on-the-job and off-the-job learning and is also an avid reader.