• 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.

  • Ameet Das

    Head – IT & Digital

    Ameet Das

    Head – IT & Digital

    Ameet drives the Information Technology function of the Company, along with helming the various Digital initiatives of the organization.

    With a diverse experience of over 20 years across BFSI, Analytics and Manufacturing sectors, Ameet has worked in social & digital media analytics, strategy, business development and third-party distribution across well-known organisations like ICICI Prudential, Standard Chartered Bank, Max Life Insurance and Godrej & Boyce. He had also started up his own social media listening and analytics organization and ran it successfully for 5 years prior to joining IDBI Federal.

    Ameet holds a BE (Electrical) degree and has a Post Graduate Diploma in Marketing from Xavier Institute of Management, Bhubaneswar. He loves to spend his free time with his family or reading. He is also a foodie who enjoys cooking.

  • 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 – Group Sales

    Ashley Kennedy

    Executive Vice President – Group Sales

    Ashley Kennedy manages Group Sales at IDBI Federal where he is responsible for maximising sales and distribution through the bank partners. 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.

  • 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.

  • Kapil Udaiwal

    Kapil Udaiwal

    Chief People Officer

    Kapil Udaiwal

    Chief People Officer

    Kapil is responsible for developing and implementing the successful Human Resources strategy that supports the long-term growth and transformation of the organization. Through his efforts in nurturing a positive work culture that empowers people to grow and succeed, he has led the journey of IDBI Federal becoming a ‘Great Place to Work’, while benchmarking organizational culture and people practices.

    He comes with over 18 years of experience in delivering people agenda across multiple industries, with notable previous stints in organizations such as Infosys Limited and Aptech Limited.

    Kapil holds an MBA from Indian Institute of Modern Management, Pune and a Masters in Labour Law from Symbiosis Law College, Pune. In his free time, he loves to read and watch Bollywood movies.

  • 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.

  • 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.

  • Mathivanan Balakrishnan

    Mathivanan Balakrishnan

    Chief Financial Officer

    Mathivanan Balakrishnan

    Chief Financial Officer

    Mathivanan Balakrishnan, as the Chief Financial Officer, oversees the areas of Planning & Budgeting, Financial Accounting & Reporting, Corporate Taxation, Investment Operations, Insurance Accounting, Audit and Statutory Compliance at IDBI Federal Life Insurance.

    A highly accomplished and results-driven finance professional, Mathi comes with more than 23 years of progressive experience in finance and operations management, both with start-ups as well as established organisations in the life insurance industry. Prior to joining IDBI Federal in 2007, he had successful stints in corporate finance and operations with AMP Sanmar Life and Reliance Life. Mathi is a qualified Chartered Accountant and Cost Accountant with AIR.

    Focused on health and fitness, Mathi is a dedicated marathon runner and has participated in all formats of marathon running.

  • 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.

  • S P Prabhu

    Chief Investment Officer

    S P Prabhu

    Chief Investment Officer

    S P Prabhu is the Chief Investment Officer of IDBI Federal Life Insurance. He oversees the management of our investment portfolio of Rs 10,000 cr, spread across various asset classes.  A career investment professional with an impressive track record, Prabhu leads a highly motivated team of Fund Managers, Dealers and Analysts.

    Prabhu is passionate about creating value to Policy Holders through superior investment management. Prabhu and his team believe that Policy Holders have placed enormous trust in them by buying insurance policies from IDBI Federal Life and it is their responsibility to live upto that trust by delivering fund performance.

    Prabhu has vast knowledge of financial markets and an in-depth understanding of the functioning of domestic and global economy. Prabhu’s expertise in designing thoughtful investment strategies is rooted in his analytical approach, meticulous research and experience across business cycles. Blue sky thinking enables Prabhu to spot market trends and emerging investment opportunities early. He has an uncanny knack of translating these early insights into coherent investment themes.

    A thought leader and a prolific speaker, Prabhu has addressed several seminars and conferences and has been a Guest Faculty at leading institutes. He has written extensively on Financial Markets, Monetary Policy and Economy.

    Prabhu is an alumni of the prestigious International Visitors Leadership Program of the United States Government. He is a graduate in Commerce and a Cost Accountant by qualification. In his spare time, he enjoys reading and watching movies

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