IndiaFirst Life Appoints Rushabh Gandhi as Managing Director and CEOIndiaFirst Life Appoints Rushabh Gandhi as Managing Director and CEO Mumbai, India (July 1, 2024) – IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has announced the appointment of Rushabh Gandhi as its new Managing Director and Chief Executive Officer (MD & CEO), effective July 1, 2024. Gandhi will succeed Vishakha RM, who retired on June 30, 2024. Gandhi, who previously served as Deputy CEO of IndiaFirst Life, brings with him nearly three decades of experience in the BFSI industry. He has a proven track record in driving growth, innovation, and digital transformation in both national and international markets. “Rushabh Gandhi is a seasoned leader with strategic insight and a strong commitment to customer service,” said Debadatta Chand, Chairman of IndiaFirst Life and Managing Director & CEO of Bank of Baroda. “With his deep industry knowledge and passion for putting customers first, we are confident that he will lead IndiaFirst Life to even greater heights.” Gandhi expressed his honor in assuming the role of MD & CEO of IndiaFirst Life. “I am committed to building upon the company’s success and achieving our vision of becoming the most preferred insurer for every Indian,” he stated. IndiaFirst Life is a leading life insurance company in India with an issued share capital of INR 754 crores. It offers a range of simple and affordable products through multiple distribution channels, including Bancassurance and cutting-edge technology. The company’s commitment to customer-centricity has been a key factor in its success. Gandhi’s appointment marks a new chapter in the journey of IndiaFirst Life. His leadership is expected to further strengthen the company’s position in the Indian life insurance market and contribute to the goal of “Insurance for All by 2047.”
MUMBAIIndia , July 1, 2024 /PRNewswire/ — Rushabh Gandhi takes charge as Managing Director and Chief Executive Officer (MD & CEO) of IndiaFirst Life Insurance Company Limited (IndiaFirst Life), with effect from July 1, 2024Rushabh was previously deputy CEO of IndiaFirst Life.
Debadatta Chand, Chairman – IndiaFirst Life and Managing Director & CEO – Bank of Barodawhile congratulating the new MD & CEO of IndiaFirst Life, said, “Mr. Rushabh Gandhi is a seasoned leader who has demonstrated strategic insight to deliver business excellence. With his deep industry knowledge and enthusiasm for putting customers first, he has been an integral part of the company’s growth trajectory. I am confident that Mr. Gandhi is well-poised to take IndiaFirst Life to the next level of growth and contribute to achieving ‘Insurance for All by 2047’.
Rushabh GandhiMD and CEO, IndiaFirst Life said, “I feel honored to take on the role of MD & CEO of IndiaFirst Life, an organization I have been associated with since 2015. IndiaFirst Life has been expertly serving customers across the country through its multi-distribution channel strategy including Bancassurance backed by cutting-edge technology and a #CustomerFirst philosophy. I am confident that with the support of our shareholders, distributors, employees, customers and the regulator, we will achieve our vision of becoming the most preferred insurer for every Indian.”
Rushabh has nearly three decades of experience in the BFSI industry and a proven track record of driving growth, innovation and digital transformation in national and international markets. He succeeds Vishakha RM, who has contributed immensely to the company’s success over the past nine years and has retired. June 30, 2024.
About IndiaFirst Life Insurance Company Ltd: Head office in MumbaiIndiaFirst Life Insurance Company Limited (IndiaFirst Life), with an issued share capital of INR 754 crores, is one of the youngest life insurance companies in the country. Current shareholders include Bank of Baroda, Union Bank of Indiaand Carmel Point Investments India Private Limited, which hold 65%, 09% and 26% stakes in the company. Carmel Point Investments India Pvt Ltd. was incorporated by Carmel Point Investment Ltd, a legal entity incorporated under the laws of Mauritius and owned by private equity funds managed by Warburg Pincus LLC, New York, United States. The company’s key differentiator is its simple, easy-to-understand products that are reasonably priced and efficiently maintained. For more information please visit https://www.indiafirstlife.com/
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