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Analjit Singh replaces Rahul Khosla as Chairman of Max Life and Max India

Khosla will also demit his role as Max Healthcare Chairman once regulatory approvals for the transaction with KKR-Radiant are received

Press Trust of India  |  New Delhi 

Analjit singh Chairman emeritus, Max Group
Analjit Singh

Monday said its Founder and Chairman Emeritus will take over as Chairman of and

He would be taking over the chairmanship of the two from Group President Rahul Khosla, who would be moving to a non-executive role as group advisor from April 1, 2019, said in a filing to BSE.

Khosla will also demit his role as Chairman once regulatory approvals for the transaction with KKR-Radiant are received. This position will then be filled by KKR Radiant, it added.

"Khosla joined the in August 2011, which was at the cusp of my shift to a nonexecutive role and allowed me to pursue other initiatives," Singh said.

That journey could not have been possible without Khosla taking on the mantle of Managing Director and subsequently as Group President, he added.

"Rahul and the team have implemented what ought to be seen as a 'benchmark' of succession from sponsor to seasoned professionals leading the Group in various businesses," Singh said.

Mohit Talwar, who has been with the Group since November 2007, will be elevated to the position of Group Vice Chairman with effect from April 1, 2019, said.

In this capacity, Mohit will represent the Group on the Founder's behalf and support the respective CEOs in their operating businesses, it added.

"Mohit has made a significant contribution, especially in the areas of capital management and corporate finance over the years and his support will be valuable as the Group forges its platforms of future growth including life insurance, real estate, senior living and hospitality," Singh said.

Mohit will also continue to serve as the MD of and Max India and remain on the Boards of Max Group's operating companies, the company said.

comprises three holding companies, namely Max Financial Services, Max India and & Industries.

First Published: Mon, February 11 2019. 18:37 IST
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