Rajendra Chitale, Independent Director
Rajendra Chitale is an independent Director at Reliance Life Insurance Company Limited.
He is the Managing Partner of M/s. M.P. Chitale& Associates, India's leading financial boutique specialist with converging expertise in financial structuring, legal, tax and regulatory advice,Government of Maharashtra. Rajendra serves as independent director on the boards of the National Securities Clearing Corporation Limited, Asset Reconstruction Company (India) Limited, Reliance Capital Limited, Ambuja Cements Limited, Hinduja Global Solutions Limited, Hinduja Ventures Limited, Ishaan Real Estate Plc, Reliance General Insurance Company Ltd. He is a member of the Insurance Advisory Committee of the IRDA and the Advisory Committee on Regulations, Competition Commission of India. He has served on the board of LIC, UTI, NSE, SIDBI, and has served as a member of Takeover Panel of SEBI, the Company Law Advisory Committee, Government of India, the Investor Education and Protection Fund, Government of India, and the Maharashtra Board for Restructuring of State Enterprises.
Rajendra is an eminent Chartered Accountant and law graduate.
Soumen Ghosh, Non Executive Director
Soumen Ghosh is currently the Group President of Reliance Capital Limited and Non – Executive Director of Reliance Life Insurance Company Limited.
He has an experience of around 22 years in the areas of General Insurance and Life Insurance in India and abroad. Soumen was previously responsible for the overall Allianz operations in India and Middle East. He has worked as the Chief Executive Officer of Bajaj Allianz Life Insurance Company and Country Manager, Bajaj Allianz, India. At Bajaj Allianz Life Insurance Company, Sam was attributed with bringing new strategic initiatives on distribution and at the same time launching customer need based flexible and simple products designed for India.
Soumen is a member of the Institute of Chartered Accountant in England & Wales and Institute of Chartered Accountant of Australia.
Amit Bapna, Non Executive Director
Amit Bapna is currently the Chief Financial Officer at Reliance Capital Limited and Non Executive Director of Reliance Life Insurance Company Limited.
He has been with the Reliance Group since 1999. In his existing role, he provides financial direction, oversight and control for Reliance Capital Limited and its group companies and further provides strategic leadership for Corporate Treasury. He has over thirteen years of experience in varied business environments e.g. manufacturing and financial services. He has earlier worked in the capacity of Chief Financial Officer of Reliance Capital Asset Management Limited and Reliance Consumer Finance where he played a key role and had been a significant contributor to the exponential growth of the business bringing operational & process disciplines. Earlier still, he had worked in the Corporate Treasury of Reliance Industries Limited.
Amit is a Chartered Accountant.
Kazuhide Toda, Non Executive Director
Kazuhide Toda is General Manager for Asia Pacific of Nippon Life Insurance Company.
Kazuhide Toda has spent almost 30 years with Nippon Life Insurance Company since 1986. He has been mainly responsible for the foreign securities investments, including the period of secondment to the subsidiary in Germany for 3 years.
He played a key role at Nissay Asset Management Corporation for 4 years, investment arm of Nippon Life, as Head of Public Communications Office from 2003 to 2006 and Head of Corporate Planning Office from 2004 to 2006.
Before he moved to Singapore as General Manager for Asia Pacific and assumed the position of a director at Reliance Life in 2014, he was in charge of corporate lending to the major Japanese companies.
Kazuhide Toda holds degree of B.A. (Economics) from Sophia University in Japan and also spent 2 years in Munich to study German at Goethe Institute and business administration at Ludwig Maximilians University Munich with the sponsorship of the company.
Ashish Vohra, Chief Executive Officer and Executive Director
Ashish Vohra is the Chief Executive Officer and Executive Director of Reliance Nippon Life Insurance Company Limited, one of the largest Life Insurance companies in India. Reliance Nippon Life is a joint venture between Reliance Capital Limited, amongst India’s most valuable Financial Services companies and Nippon Life, Japan, the largest private Insurer in Japan and a Global Fortune 500 company. He is also an Executive Director on the Board of the Company. He is responsible for providing leadership to the entire business in its journey towards achieving its vision of being a Company that customers and all stakeholders trust and grow with, by providing financial independence to every life it touches.
Ashish has over 25 years of invaluable experience in the financial services and manufacturing industries, in diverse roles across marketing, sales, product and business development.
His last assignment was at Max Life Insurance, as Senior Director and Chief Distribution Officer, where he was responsible for delivering robust growth in top-line and increase in market share through existing and new distribution models while ensuring channel profitability, high persistency and a quality book of business. Under his leadership the company consistently maintained its number 1 position amongst the non bank owned Life Insurance companies in India.
Prior to joining Max Life, Ashish was Executive Vice President and Head – Commercial Business at Fullerton India Credit Corporation. As a Founder team member at Fullerton, Ashish headed the P&L responsibility for Commercial Mass Markets and helped Fullerton to successfully capture the retail finance opportunity in India through secured, unsecured and fee based products delivered through a network of 500 branches and 8000 employees. Earlier, at Citibank N.A, he was the Business Manager for Asset Based Finance for India that helped the Bank gain a strong foothold in the SME space in India.
Ashish has served a long stint with Eicher Motors earlier.
Ashish is a Mechanical Engineer from IIT-BHU, and holds a Post Graduate Diploma in Management from IIM, Bangalore.
He is known for his ability to seamlessly partner with team members and achieve shared goals. He is a firm believer in the fact that deliveries happen through people and teams.
D.Varadarajan, Independent Director
Mr. D. Varadarajan, Advocate, Supreme Court of India, is a renowned insurance and corporate law counsel and advisor, based in Delhi. He has more than three decades of rich experience in corporate matters and affairs. He served as a Member on the Insurance Advisory Committee constituted by the IRDA, and made significant contribution in finalising and legally vetting almost all the Regulations framed by the IRDA. He has also been a Member on various other Expert Committees of IRDA, including the K.P. Narasimhan Committee on Insurance Laws Reforms, popularly known as the “KPN Committee”.
He has been rendering legal advice on various intricate aspects of laws and regulatory aspects to hosts of Insurance Companies, engaged in life and non-life business, and defending their interests at various judicial and quasi-judicial forums. He has also acted as Sole Arbitrator for resolving commercial disputes. His opinions are solicited by the top notch Legal and Solicitors Firms. Besides Insurance, Company, Competition and Corporate Laws, his fields of specialisation include Commercial Laws, Arbitration, FEMA and Anti-Money Laundering Law, vetting of deeds and documents and articulation of corporate strategies by monitoring closely legislative and quasi-legislative changes and developments. He is invited by many Institutions and Organisations of high repute to address at the various national and international seminars and conferences.
Renu Challu, Independent Director
Ms. Challu is a Post Graduate in Economics (Gold Medalist) and is an associate of the Indian Institute of Bankers. She has chaired the Hyderabad Chapter of PRMIA (Professional Risk Managers International Association) and also represented Associate Banks in the Management Committee of IBA (Indian Banks Association).
She has a vast experience of over four decades in the Banking and Financial Services Sector in Senior Management and Board positions. She has held various leadership roles such as Deputy Managing Director (Corporate Strategy and New Businesses) with SBI Mumbai, Managing Director with SBH, Managing Director & CEO with SBI DFHI, Mumbai, Chief General Manager with SBI Bhopal, President and CEO with SBI Capital Markets Ltd., Mumbai, General Manager with SBI Corporate Mumbai and also served as Vice President for SBI, New York.
In her several professional stints, Ms. Renu has contributed for remarkable business expansions and growth. She followed the development and implementation of best Strategy Formulation, Risk Management, Asset Quality Management and Financial Inclusions.
Indira J. Parikh, Independent Director
Prof. Parikh is an M.Ed from University of Rochester, New York USA and received her Doctorate from Gujarat University. She was a faculty at IIM-Ahmedabad for over 30 years and Dean from 2002 to 2005 apart from having taught at INSEAD, Fontainebleau (France) and Texas A&M University. She has specialized in organization development and design, and institution building.
Currently, she is the President of Antardisha, a private entity creating a space for individuals and organizations to have a dialogue for self-discovery, and to reflect on past and renew themselves for the future. She is also the Founder President of FLAME, Pune where she has been involved in creating the academic vision of holistic & liberal education and in shaping the institute. She has been a consultant and has conducted diagnostic studies focusing on leadership and institution building in many public, private and multinational organizations.
Prof. Parikh has been honored with several life time achievement awards both nationally and internationally. She has written numerous articles published in national & international journals and is the co-author/author of several books.
Gen. Ved Prakash Malik, Independent Director
General VP Malik was Chief of the Army Staff of the Indian Army from 01 October 1997 to 30 September 2000. Concurrently, he was Chairman, Chiefs of Staff Committee of India.
A graduate from Defence Services Staff College and MSc in Defence and Strategic Studies from the Madras University, General Malik is an alumnus of Army War College, Mhow and National Defence College, New Delhi.
He was awarded Ati Vishishta Seva Medal in 1986 and Param Vishishta Seva Medal, in 1996. Later, he was given ‘Excellence in Leadership’ award by the Atur Foundation, Pune; ‘Distinguished Fellowship’ of the Institute of Directors, New Delhi; and ‘Pride of the Nation’ award by the Doon Citizens’ Council in July 2000.
Post retirement, he was nominated as a member of the National Security Advisory Board for two terms (2001-2003).
Since 2003, General Malik has been serving as an Independent Director/Advisor of some well known multinational companies. In 2007, he was nominated on the judges’ panel to select and rank Top Companies for Leaders in Asia Pacific Region by Hewitt Associates, who undertook this exercise in collaboration with Fortune Magazine and The RBL Group.
Apart from writing opinion columns in newspapers and professional magazines, General Malik continues to address civil and military institutions, think tanks and corporate organizations on strategic thinking, security, human resource development and leadership and motivational issues. He has authored two books, “Kargil: From Surprise to Victory” and “India’s Military Conflicts and Diplomacy: An Inside View of Decision Making”, both published by HarperCollins, India.
Minoru Kimura, Non Executive Director
Minoru Kimura is a General Manager of Nippon Life’s International Planning & Operations Department.
Minoru Kimura has spent more than 25 years at Nippon Life since he joined in 1990. He has been responsible for both domestic and foreign securities investment, including his assignment at NLI International Inc. in New York, Nissay Deutsche Asset Management Europe and NLI Investments Europe in London.
Previously, he was General Manager of Nippon Life’s Treasury and Markets Department overseeing Nippon Life’s entire domestic fixed income investment. He has also played an active role at Nissay Asset Management, Nippon Life’s asset management subsidiary, in charge of various roles including Head of investment planning.
Minoru Kimura holds a degree of B.A.(Law) from Kyoto University.