Board of Directors

Dr. S.S. BAIJAL

Mentor

Dr. Baijal served ICI (India) Limited for over 35 years and was the Chairman of ICI companies in India from 1983 to 1987. He then played an active role on the erstwhile Max India Board from 1988 till 2009, where he added immense value to the company. He was the Chairman of the erstwhile Max India during the years 1998-2000. On his retirement from the Board in 2009, he was elevated to the position of ‘Chairman Emeritus’ in 2009 and to ‘Mentor’ the new Max India in January 2016 after the demerger of the erstwhile Max India.

Mr. MOHIT TALWAR

Managing Director

A veteran in the Corporate Finance and Investment Banking industry, Mr. Mohit Talwar has a wealth of experience in Corporate Finance and Investment Banking, having spent 24 years in Wholesale Banking across global organizations such as Standard Chartered, ANZ Grindlays and Bank of Nova Scotia, prior to joining the Max Group.


He is currently the Managing Director of Max Financial Services Limited and Max India Limited, and Vice Chairman of Max Ventures & Industries Limited (MaxVIL). In addition, he is the Chairman of Max Speciality Films and serves on the Boards of Max Life Insurance, Max Healthcare, Max Bupa Health Insurance and Antara Senior Living.


In his earlier role as the Deputy Managing Director of the erstwhile consolidated Max India Limited, he successfully leveraged his strong relationships with institutional investors, hedge funds, banks and private equity firms, and led several complex corporate finance and financial structuring deals to ensure adequate investment and liquidity for the Group’s operations. He has played a central role in executing key transactions including the setting up of Max Bupa Health Insurance, bringing on board MS&AD Insurance Group Holdings as the new JV partner for Max Life and Life Healthcare’s entry as JV partner in Max Healthcare, and later the equalization of its stake in the business, and completing the megarestructuring of the erstwhile Max India into three new listed companies, which received a significantly positive reaction from capital markets. In his new role, Mr. Talwar was instrumental in executing a stake repurchase transaction with IDFC Limited, and more recently a transaction with IFC to repurchase its stake in Max Healthcare. He has also overseen key transactions in MaxVIL, including the induction of Toppan Group as a JV partner in Max Speciality Films, and a 22.5% stake sale to New York Life’s subsidiary.

Mr. D.K. MITTAL

Independent Director

Mr. D. K. Mittal is a former Indian Administrative Service (IAS) officer from the batch of 1977 and has served the Government of India in various capacities, including Secretary, Department of Financial Services, Secretary, Ministry of Corporate Affairs and Additional Secretary, Department of Commerce. Mr. Mittal has hands on experience in Infrastructure, International Trade, Urban Development, Renewable Energy, Agriculture Development and Micro-Credit, Corporate Governance, Banking, Insurance, Pension and Finance. He holds a Master’s degree in physics with specialisation in Electronics from the University of Allahabad, India.

Mr. ANALJIT SINGH

Founder and Chairman Emeritus, Max Group

Mr. Analjit Singh is the Founder and Chairman Emeritus of The Max Group, a US$ 3 billion multi-business enterprise, with interests in life insurance (Max Life), health care (Max Healthcare), health insurance (Max Bupa), senior living (Antara), speciality packaging (Max Speciality Films) and real estate (Max Estates). Max Group is renowned for service excellence and has successful joint ventures with some of the pre-eminent firms including Mitsui Sumitomo and Toppan from Japan, Life Healthcare from South Africa and Bupa Plc from the United Kingdom. Earlier partners include DSM, Netherlands; New York Life Insurance Company; Hutchison Whampoa; Motorola; Lockheed Martin and others.


Amongst private family owned businesses, Mr. Analjit Singh is the founder of Leeu Collection, a group of leisure boutique hotels in Franschhoek, South Africa; The Lake District, UK; and soon to come in Florence, Italy. The Leeu Collection also includes a significant presence in wine and viticulture through Mullineux Leeu Family Wines; an active F&B portfolio of restaurants and partnerships with Ritu Dalmia, La Colombe in the Cape SA and the Alajmo Group in Italy. Art and Landscaping are also major pillars with a strong relationship with Everard Read, SA.

A self-made entrepreneur Mr. Analjit Singh was awarded Padma Bhushan, India’s third highest civilian honour, by the President of India in 2011.

An alumnus of The Doon School and Shri Ram College of Commerce, University of Delhi, Mr. Analjit Singh holds an MBA from Graduate School of Management, Boston University. He has been conferred with a honorary doctorate by Amity University.

Professionally, he is the non-executive Chairman of Max Ventures and Industries, Max Financial Services and Vodafone India and a Director on the board of Sofina NV/ SA, Belgium.

Mr. Analjit Singh is a member of the Founder Executive Board of the Indian School of Business (ISB), India’s top ranked B-School, and has served as Chairman of Board of Governors of the Indian Institute of Technology (IIT), Roorkee - India’s oldest and most prestigious engineering college. He also served as Chairman of the Doon School.

Mr. Analjit Singh is a member of the Prime Minister’s Indo UK CEO council. In the past he has also served on the Prime Minister’s Indo US CEO council. Mr. Analjit Singh has also served as the co-chair of Prabodhan, a unique forum for facilitating closer and more effective engagement between European and Indian decision makers and opinion leaders.

He has been felicitated by Senator Hillary Clinton, former US Secretary of State on behalf of Indian American Centre for Political Awareness for his outstanding achievement in presenting the international community with an understanding of a modern and vibrant India and for creating several successful joint ventures with leading American companies and promoting business ties with the USA.

He has been honoured with the Ernst and Young Entrepreneur of the Year Award (Service Category) and the Golden Peacock Award for Leadership and Service Excellence. In 2014, he was awarded with Spain’s second highest civilian honour, the Knight Commander of the Order of Queen Isabella and the Distinguished Alumni Award from Boston University.

He also serves as the Honorary Consul General of the Republic of San Marino in India from October 2007 till August 2018.

Mr. ASHOK KACKER

Independent Director

Mr. Kacker, M. Sc. (Physics), University of Allahabad (Topper of the 1972 batch), has more than 3 decades of experience in the Government as an Indian Revenue Service (IRS) Officer. He has served as Chief Commissioner of Income Tax and held senior positions both in executive capacities and policy formulation roles. He has also served as Executive Director with Securities Exchange Board of India (SEBI) and in various capacities in committees set up by SEBI. He is the Founder and Managing Partner of A.K. Advisors and Consultants, an Advisory Company in the area of financial services and Group Advisor with the India Bulls Group of Companies.

Mr. RAHUL KHOSLA

Chairman

Mr. Rahul Khosla is a seasoned business leader with deep management experience, broad leadership skills and wide business perspectives developed over the last 35 years of working in India and globally. He is currently President of the Max Group, and also serves as Executive President, Max Financial Services; Chairman, Max India; Chairman, Max Life Insurance; and Chairman, Max Healthcare. He also serves on the Boards of Antara Senior Living and Max Bupa Health Insurance Company.


Under his leadership, the Max Group has delivered superior financial performance, significantly grown market capitalisation, and concluded seminal corporate transactions. He also led the mega-restructuring of the erstwhile Max India into three new listed entities. Before joining Max, Mr. Khosla spent more than a decade in Singapore as the Group Head of Products at Visa Inc for Asia Pacific, Central Europe, Middle East and Africa, following his role at Visa Inc as Chief Operating Officer for the Asia Pacific region. He held several senior roles prior to that – as Country Head for ANZ Grindlays’ consumer banking businesses in India; Head of Retail Assets, Strategy, Finance and Legal at Bank of America; CFO for the American Express TRS businesses for India and South Asia, and as a Business Leader to help set up a pioneering in-house global processing facility for American Express.


Mr. Khosla served as President, NatHealth, India’s leading multi-stakeholder platform for healthcare organisations in 2016 and as the Chair of the FICCI Committee on Health Services in 2017. In addition, he serves on the Executive Board of the Indian School of Business (ISB), one of Asia’s top B-Schools.


He is a Fellow member of the Institute of Chartered Accountants of India, an Economics graduate from St. Stephens College, Delhi and completed his schooling at St. Xavier’s in Delhi.

Mr. ASHWANI WILNDLASS

Non-Executive Director

Mr. Ashwani Windlass was part of the founding team at Max India, having served the Max Group in different capacities including as its Joint MD as well as MD, Hutchison Max Telecom from 1994 until 1998. He has continued as a Board member of the Company ever since. He has been the Chairman, MGRM (Asia-Pac) and Vice Chairman, and the MD of Reliance Telecom. He serves on leading advisory and statutory Boards, including acting as Chairman SA&JVs, MGRM Inc., USA, and member at Antara Senior Living Limited, Max Ventures Pvt. Ltd., Vodafone India Ltd. and Hindustan Media Ventures Ltd. He holds degrees in B.Com (Gold Medal), Bachelor of Journalism and MBA.

Mrs. TARA SINGH VACHANI

Non-Executive Director

MD & CEO of Antara, Mrs. Tara Singh Vachani holds a thorough understanding of Senior Living. She is driven by the passion to create an enriching and fulfilling lifestyle for seniors that is unique to India. Her knowledge is backed by over 3 years of extensive research of senior living communities.


Before creating Antara, Tara worked with the Corporate Development team at Max India Ltd. She has also been actively engaged in philanthropy through her involvement with Max India Foundation, the CSR arm of the Group.

Tara is a Non-Executive Director on the Board of Max India Ltd., the parent company of Max Healthcare, Max Bupa and Antara Senior Living. Additionally she is also a Director at Max Healthcare. She is actively involved in The Leeu Collection which is her family’s international hospitality business with hotels in U. K., South Africa and Italy.

Tara has a diverse academic background and learning. She majored in Politics and South Asian studies at the National University of Singapore followed by courses in Strategy Management at the London School of Economics, and Hospitality Business Strategy and Management at Ecole hotelier de Lausanne, Switzerland.

She is the youngest child of Mr. Analjit Singh, a wellknown business leader and visionary and married to Mr. Sahil Vachani. In her free time, she likes to engage herself in theatre and cinema, reading, playing with her dogs and most of all, spending time with close family and friends.

MAX HEALTHCARE

Mr. Rahul Khosla Chairman
Dr. Pradeep Kumar Chowbey Executive Vice Chairman
Mr. Rajit Mehta Managing Director and CEO
Mr. Adam Mills Pyle Non-Executive Director
Dr. Ajit Singh Non-Executive Director
Mr. K. Narasimha Murthy Independent Director
Mr. Mohit Talwar Non-Executive Director
Dr. Omkar Goswami Independent Director
Mr. Petrus Phillippus Van Der Westhuizen Non-Executive Director
Ms. Roshini Bakshi Independent Director
Dr. Shrey Balaguru Viranna Non-Executive Director
Mrs. Tara Singh Vachani Non-Executive Director

MAX BUPA

Mr. Rajesh Sud Chairman
Mr. Rahul Khosla Co-Vice Chairman
Mr. David Martin Fletcher Co-Vice Chairman
Mr. Ashish Mehrotra Managing Director and Chief Executive Director
Dr. Burjor P. Banaji Independent Director
Mr. Dinesh Kumar Mittal Independent Director
Mr. John Howard Lorimer Non-Executive Director
Ms. Joy Carolyn Linton Non-Executive Director
Mr. K. Narasimha Murthy Independent Director
Ms. Marielle Theron Non-Executive Director
Mr. Mohit Talwar Non-Executive Director
Mr. Pradeep Pant Independent Director

ANTARA SENIOR LIVING

Mr. Analjit Singh Chairman
Mrs. Tara Singh Vachani Managing Director and CEO
Mr. Ashwani Windlass Director
Mr. Mohit Talwar Director
Mr. Pradeep Pant Independent Director
Mr. Rahul Khosla Director
Mr. Rohit Kapoor Director
Mrs. Sharmila Mansur Ali Tagore Independent Director
Dr. Shubnum Singh Director

MAX SKILL FIRST LIMITED

Mr. Rajesh Sud Chairman
Ms. Marielle Theron Director
Mr. Rajit Mehta Director

ANTARA SENIOR LIVING LIMITED

Mr. Analjit Singh Chairman
Mrs. Tara Singh Vachani Managing Director and CEO
Mr. Ashwani Windlass Non-Executive Director
Mr. Mohit Talwar Non-Executive Director
Mr. Pradeep Pant Independent Director
Mr. Rahul Khosla Non-Executive Director
Mr. Rohit Kapoor Non-Executive Director
Ms. Sharmila Mansur Ali Tagore Independent Director
Dr. Shubnum Singh Non-Executive Director

MAX INDIA FOUNDATION

Mr. Analjit Singh Managing Trustee
Ms. Archana Pandey Trustee
Mr. P. Dwarakanath Trustee
Mr. Rajesh Sud Trustee
Mr. Rajit Mehta Trustee
Ms. Sujatha Ratnam Trustee