• Vighnesh-Shahane

    Vighnesh Shahane

    Managing Director & CEO

    Vighnesh Shahane

    Managing Director & CEO

    Vighnesh is a complete people’s person – you are more likely to see him at various employee workstations in the head office getting a first-hand update on business challenges and opportunities, than working in the confines of his cabin. This informal and passionate management style has evolved from his sportsman spirit, having played Ranji Trophy for Mumbai for 3 years.

    After a successful stint as President – Bancassurance, Vighnesh assumed leadership of IDBI Federal Life Insurance as CEO in 2014. During this period, he has been instrumental in setting clear goals for the organisation and driving performance towards their attainment. Under his leadership, the Company has attained numerous milestones and awards, notably the recording of seven consecutive years of net profit, wiping out of all accumulated losses, declaring maiden dividend and being recognised as one of the Top 10 Most Trusted Life Insurance Brands in the country by ET Brand equity. The Company also recorded a topline CAGR of 21% during the last 6 years till March 2019.

    Vighnesh believes that sports help inculcate core values like integrity, dedication and accountability, in addition to positively influencing physical and mental fitness. This has led IDBI Federal to adopt the path of sports and fitness as an unconventional approach to build a deeper connect with our audiences, create awareness and change behaviour. This conviction has also led him to steer the Company’s corporate social responsibility programme to contribute immensely towards the country’s sports framework. However, his philanthropic vision also extends to areas of healthcare and urban development.

    A post-graduate from Narsee Monjee Institute of Management Studies, Mumbai, Vighnesh brings with him close to 25 years of experience in consumer banking and life insurance, across diverse geographies, varied markets and multiple customer segments. He has worked with well-known financial services organisations like ANZ Grindlays and Standard Chartered Bank in India, and Mashreq Bank in the UAE.

    Vighnesh is committed to the growth and advancement of the life insurance industry and works tirelessly with other life insurance players and the regulator in their deliberations on the implementation of various guidelines and regulations. He is also a key member and speaker at prominent industry platforms like CII, ASSOCHAM and FICCI.

  • Aneesh Srivastava

    Aneesh Srivastava

    Chief Investment Officer

    Aneesh Srivastava

    Chief Investment Officer

    Aneesh shoulders responsibility for formulating and executing the investment strategy for the overall assets under management totalling Rs. 9,107 crores as on March 31, 2019. He is one of the founding members of IDBI Federal Life Insurance and has been working as CIO for more than 11 years. Aneesh has a fund management career spanning over 25 years wherein he has worked with established organisations like Bajaj Allianz Life Insurance and India Capital. He has vast experience of managing debt & equity portfolios. During his tenure at Bajaj Allianz as Head, Equity Investments, the company funds consistently outperformed the markets. Same was the performance story when he was heading India Capital – a London Stock Exchange listed India-dedicated European fund.

    Aneesh’s professional ride also talks of experience in investment banking, besides setting up and actively managing corporate equity and derivative desks. Aneesh is an MBA from Lucknow University and a rank-holder Certified Financial Analyst (CFA) from ICFAI, Hyderabad. Reading and travelling are his favourite pastimes.

  • Arvind Shahi

    Arvind Shahi

    Chief Risk Officer

    Arvind Shahi

    Chief Risk Officer

    In the life insurance industry, where safeguarding customer interest is of utmost importance, Arvind Shahi shoulders responsibility for the crucial task of developing and maintaining comprehensive risk management policy, governance framework and guidelines for the Company. The tougher aspect of his role is that on one hand he is a part of the management committee that strategizes to grow the business; and on the other hand he needs to ensure that this growth is risk-free and does not land the Company in jeopardy.

    Arvind Shahi is a Risk Management professional whose career spans over 28 years with core experience in Market Risk Management, Asset Liability Management and Operational Risk Management. Arvind has worked with well-known organisations like HDFC Bank, IDBI Bank and Union Bank of India. He has been instrumental in implementing Asset Liability Management Process in banks and establishing Financial Control Processes for Derivatives and Foreign Exchange Trading and Proprietary Books.

    Arvind holds a B.Sc. Degree in Physics from the University of Calcutta and is an associate of ICWA from Institute of Cost and Works Accountants of India, Calcutta. In his free time, apart from reading, he also enjoys cooking and experimenting with different cuisines.

  • Ashley Kennedy

    Executive Vice President – Agency, Business Development & Group Sales

    Ashley Kennedy

    Executive Vice President – Agency, Business Development & Group Sales

    Ashley Kennedy manages Agency, Business Development & Group Sales at IDBI Federal. In his current role, he is responsible for maximising sales and distribution through bank partners, the proprietary agency channel and alternate channels. He was earlier Chief Distribution Officer for the fast growing East and West markets of India, after a successful stint as Chief Agency Officer.

    Ashley comes with a 30-year experience in sales and administration, having held senior management posts in premier organisations like Birla Sun Life Insurance, Reliance Life Insurance and Life Insurance Corporation of India.

    A magician with words, he is a complete people’s person and this is what makes him a success with his team; correspondingly driving them to achieve sales goals and targets. Work is passion for Ashley, while photography and listening to western and country music are his free-time favourites.

  • Dr. Ajay Oberoi

    Dr. Ajay Oberoi

    Chief People Officer & Head L&D, Admin

    Dr. Ajay Oberoi

    Chief People Officer & Head L&D, Admin

    Any industry thrives on human talent; and Dr. Ajay Oberoi is the driving force behind our diverse and capable workforce, guiding them for a future-ready stance. Ajay has been the backbone of transformational HR practices at IDBI Federal Life Insurance, and Vighnesh’s key ally in developing the company as an employer of choice.

    Ajay comes with close to four decades of notable professional experience across diverse sectors like BFSI, ITeS, Education, Automobile, and Construction Equipment Industries. He began his career with Godrej & Boyce, and over the years has held leadership roles in HR, Sales, Products, Marketing & Manufacturing with companies like Tata Motors and Aptech Limited. He is the recipient of the ‘50 Most Talented Global HR Leaders in Asia’ citation by CHRO Asia and has also received the Lokmat HR Leadership Award.

    Ajay is an engineer from VJTI, Mumbai, and has done a Ph.D. in ‘Performance Management for Knowledge Workers’ from BITS-Pilani. Ajay has also received awards at the prestigious International Commerce & Management Conference organised by Mumbai University. These awards were for two of his research papers on the topics of ‘Strategic HRM 6C Model’ and ‘Strategic Talent Management’. Plus he also holds a Diploma in Finance Management from Mumbai University.

    Ajay is a keen follower of Japanese management technologies and has been implementing world class organisational practices in the company. He also has a keen interest in Indian mythology and believes that there is an Indian way of doing business that will help us further leverage our cultural diversity, age-old traditions and ethos of India.

  • Ganesa Ratnam

    Ganesa Ratnam

    Chief Distribution Officer- Banca & E Commerce

    Ganesa Ratnam

    Chief Distribution Officer- Banca & E Commerce

    Ganesa spearheads the Sales and Distribution for the Banca & E Commerce channels at IDBI Federal. Ganesa comes with over 20 years of extensive experience in retail banking and insurance sectors. Ganesa’s pre-IDBI Federal resume boasts of extremely successful stints with top organisations like Wipro, ICICI Bank, GE Capital and Reliance Life Insurance. He has held responsible posts in diverse functions like sales & distribution, marketing, retail credit and recovery.

    Ganesa has admirable leadership and interpersonal skills. This is what makes him a success with his vast team of professionals that he has personally hand-picked and groomed to deliver peak performances. Ganesa has steered the business through challenging and disruptive times, and across tough geographies without compromising on values and character. He is an analytical decision-maker, objectives-driven, rigorous in execution and result-oriented.

    Ganesa is a Mathematics graduate and also holds a Masters degree in Business Administration (Finance) from the University of Madras. His hobbies include running, writing poems and reading management books.

  • Karthik Raman

    Chief Marketing Officer & Head – Products

    Karthik Raman

    Chief Marketing Officer & Head – Products

    Karthik steers the high-intensity marketing and brand building strategy of the Company and is also responsible for the product development function. A go-getter, he remarkably handles the multiple leadership roles currently assigned to him.

    Karthik has gained over 20 years of extensive experience across sectors like auto finance and life insurance. His professional past reflects names of prominent organisations like Ford Credit Kotak Mahindra Limited, ICICI Prudential Life Insurance, ABN Amro Bank and Reliance Life Insurance. His impressive journey in IDBI Federal started with him setting up and successfully driving the Bancassurance business for the Company.

    Karthik is a fitness enthusiast and is a regular marathon runner. He has participated in all marathon formats – half, full and ultra. Running is his forte, be it business or marathons, he is often seen encouraging his team for both. Karthik is a post graduate in Business Management from the University of Poona.

  • Kedar Patki

    Kedar Patki

    Chief Financial Officer

    Kedar Patki

    Chief Financial Officer

    As a part of the Senior Management Committee working closely with the CEO, Kedar oversees areas of Finance, Strategy, Planning & Budgeting, Taxation and Investments Operations. Furthermore, he also manages investor relations, regulatory reporting and relationships with industry associations and forums.

    Kedar has an extensive experience of 24 years in finance and operations, both in India and overseas markets. Of this, 18 valuable years have been spent in the insurance industry alone. His previous engagements include renowned organisations like Tata AIG General Insurance, SBI Life Insurance, AXA, Bajaj Allianz General Insurance and Akzo Nobel India.

    Kedar is a commerce graduate and an Associate of the Institute of Chartered Accountants of India (ICAI). Travelling, music and a good read is what helps Kedar unwind in his time away from work.

  • Lalitha Bhatia

    Chief Operating Officer

    Lalitha Bhatia

    Chief Operating Officer

    Lalitha shoulders responsibility for the operations and technology functions of the Company. She has impressively led the strategic themes and transformation initiatives of the organisation, challenged by a rapidly-changing industry environment.

    Lalitha brings with her 30 years of rich experience in the Banking and Financial services industry, having done notable work in her prior organisations. She was instrumental in setting up the Central Processing Centre Operations at Kotak Mahindra Old Mutual Life Insurance. She has also had a successful stint at Stock Holding Corporation of India. She is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). An economics graduate, she also holds an MBA degree in Finance from the University of Madras. She won the TVS Lucas Endowment Gold Medal during her MBA for achieving the 1st rank in the university in 1989.

    During her spare time, books and wheels are her best friends. A good read and travelling to places helps unclutter her mind and spirit in the time away from work.

  • Mahesh Keni

    Mahesh Keni

    Vice President – Internal Audit

    Mahesh Keni

    Vice President – Internal Audit

    Mahesh is the Vice President for the Internal Audit function of IDBI Federal Life Insurance. During his professional career of 29 years, he has conducted audits across renowned organisations like Kotak Mahindra Bank, ICICI Bank and Permanent Magnets Limited. These valuable years, have inculcated in Mahesh an in-depth knowledge of the areas of internal audit, system audit and fraud investigation in the Banking and Financial Services industry.

    Mahesh is a qualified Chartered Accountant and also holds a Diploma in System Audit from the Institute of Chartered Accountants of India (ICAI). He was a member of the Banking, Insurance and Pension Committee of ICAI; a member of the Advisory Board of Audit Chief Executives of Western India Regional Council (WIRC) of ICAI; and a member of Association of Certified Fraud Examiners (ACFE) of USA. His hobbies include reading and researching in his area of work.

  • Rajesh Ajgaonkar

    Rajesh Ajgaonkar

    Chief Compliance & Legal Officer and Company Secretary

    Rajesh Ajgaonkar

    Chief Compliance & Legal Officer and Company Secretary

    Rajesh is the Chief Compliance & Legal Officer and Company Secretary for IDBI Federal Life Insurance. He comes with over 27 years of experience across diverse sectors like insurance, asset management and broking. His resume boasts of important roles essayed in established organisations like ASK Group, Birla Sun Life Asset Management, IDBI Capital Market Services, Tata Engineering & Locomotive Company and Life Insurance Corporation of India.

    Rajesh is a commerce post-graduate, a qualified Cost Accountant from Institute of Cost Accountants of India (AICWA), a certified Company Secretary from Institute of Company Secretaries of India, and holds a Bachelor’s Degree in Law from Mumbai University.

    Rajesh is an avid reader and music enthusiast but writing is what engages him most in his spare time. A Maharashtrian at heart, he has contributed tremendously to Marathi literature by translating several global bestselling books in the language. He is also a regular columnist with regional newspapers.

  • Shivank Chandra

    Shivank Chandra

    Appointed Actuary

    Shivank Chandra

    Appointed Actuary

    Shivank Chandra steers the Appointed Actuary function at IDBI Federal Life Insurance. In his illustrious career spanning more than a decade, Shivank has had the distinction of having served at various positions at premier insurance companies, both in India and abroad. He has done notable work for organisations like Exide Life, Aviva Life Insurance, AXA Business Services in India and for Lloyds Banking Group – Scottish Widows Life in the UK. He has handled multiple roles in the Actuarial Department at these places and has inculcated an in-depth knowledge in Valuation, Reporting and Product Development.

    He is a Fellow Member of the Institute of Actuaries (UK) and Institute of Actuaries of India. A graduate in Statistics and a post-graduate in Actuarial Science, Shivank also has a creative and adventurous side to him. Watching movies and travelling are experiences that he enjoys immensely.

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