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Analjit Singh to take over as Chairman of Max Life and Max India

Press Trust of India  |  New Delhi 

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

He would be taking over the chairmanship of the two companies from Rahul Khosla, who would be

moving to a non-executive role as from April 1, 2019, said in a filing to BSE.

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

"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 taking on the mantle of 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.

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

"has made significant contribution, especially in the areas of and corporate 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 Max 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 17:15 IST