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Independent Director (Additional) & Chairman
Independent Director and Chairman
Mr. Parveen Kumar Gupta retired from State Bank of India as Managing Director after over 37 years of service in all areas of Financial Services including Retail Banking, Digital Initiatives, Treasury, International Banking, Risk, Compliance, Finance, Investment Banking, Private Equity, etc. Mr. Gupta was nominated on the Boards of various investee companies of SBI, including 2 years on the Boards of SBI General Insurance Co. Limited and SBI Life Insurance Co Limited.
Currently, Mr. Gupta is a Chairman of Utkarsh Small Finance Bank Limited, Independent Director at Hiranandani Financial Services Private Limited, Bank of India Investment Managers Private Limited, Midland Microfin Limited, Growth Source Financial Technologies Private Limited, Light Microfinance Private Limited and Nominee Director (nominated by MCA, GOI, nomination stayed by Supreme Court) at 63 Moons Technologies Private Limited.
Mr. Gupta was a Senior Advisor of Bank of Baroda, Mumbai. His role included advising BOB on strategy, performance evaluation and monitoring and improving its risk management practices and treasury operations.
He was a Chairman of the Foreign Exchange Dealers Association of India (FEDAI) from June 2014 to August 2015. In his capacity as the Chairman of FEDAI, he actively participated in formulating policies about the conduct of foreign exchange business in India and jointly hosted many programmes along with RBI. Earlier, during his tenure as Chief Dealer - Forex, he was actively engaged in developments of forex derivatives in the Indian market in my role as the Chairman of Forex Association of India.
Mr. Gupta is a Commerce graduate from Guru Nanak Dev University, Amritsar, an Associate Company Secretary (ACS), Institute of Company Secretaries of India, New Delhi and a Certified Associate of Indian Institute of Bankers, Mumbai (C.A.I.I.B).
Dr. Devi Singh has served as the Vice-Chancellor of FLAME University, Pune. He spent about a year in Jaipur setting up a new University before moving to Pune in August 2016.
Dr. Devi Singh was a Director of the Indian Institute of Management, Lucknow for more than ten years. Before joining IIM-L, he was a Director of Management Development Institute (MDI) Gurgaon for four and a half years. He is a well-known Professor of International Finance and Management.
Dr. Singh is recognized as one of the top Academic Leaders in India who has created and transformed Institutions of higher learning. IIM Lucknow and MDI took major strides and made all-round progress under his dynamic leadership.
Before joining MDI, Dr. Singh was a visiting Professor at the Faculty of Management, McGill University, Canada for five years. He has been a Ford Foundation and UNDP Fellow (International Management Education). He has been a visiting faculty at the International Centre for Public Enterprises, Slovenia. ESCP Europe, SKK Graduate School of Business, Seoul, and Kelly School of Business, Indiana. He is an alumnus Fellow of the Institute of World Affairs, Connecticut. He has taught at leading Business Schools in India.
He has published and presented research papers at various national/international journals/conferences. Dr. Singh is the author of three books on Finance and Management. He has also been a consultant to leading Indian and multinational organizations in India.
He has been on several policy level Committees of the Government of India, All India Council for Technical Education, Ph.D. Chamber of Commerce & Industry (PHDCCI), Standing Committee on Public Enterprises (SCOPE) and All India Management Association (AIMA). He has been a Member of Boards/Executive Councils of Indian Institute of Management, Kozhikode, Narsee Monjee Institute of Management Studies, Mumbai, Indian Institute of Mass Communication, New Delhi, NITTIE, Mumbai, Ambedkar University, Lucknow, Jamia Islamia University, New Delhi, Tejpur University, Tejpur, University of Allahabad, Allahabad and two new Central Universities. Mentor and Founder Director, IIM Rohtak (2010-11) and IIM Kashipur (2011-12).
Dr. Singh has served as a Member of the RBI’S Appointments Board for two years (2011 & 2012). He was also a Member of the UPSC Committee Constituted for Designing CSAT (2009-2010).
Dr. Singh was on the Board of India Fulbright for two years (2005-07) and was nominated by the International Accreditation Advisory Board of the Association of MBAs for three years. He served as a Member of the Nomination Committee of AACSB for the year 2014-15.
He was the President of the Association of Indian Management Schools in 2006-07, and a Member of the All India Board of Management Studies of AICTE for six years (2000-2006).
He has served on many corporate boards including the Board of Governors of some of the leading Public and Private Sector companies.
He has received several awards including ISTE National Fellow (2007), UP Ratan (2008), Best Director of a Business School (1999), Ravi J Mathai Fellow (2013), and Bharat Ashmita Award (2013).
Dr. Singh holds a Ph.D. in International Finance from the Indian Institute of Management, Ahmedabad (1984). He was appointed as the Independent Director of the Company on November 15, 2010, for a term of 5 consecutive years. Further, he was re-appointed as the Independent Director of the Company for the second term of 5 consecutive years w.e.f March 24, 2020.
Mr. Roberto Leonardi is the Regional Officer for Generali Asia and he oversees Generali Asia's insurance operations in both Life and Property & Casualty businesses. He has 25 years of experience in Life and Health businesses across Asia, Europe, and South Africa.
Prior to joining Generali, he was with AXA Asia where he was responsible for Health & Employment Benefits, Protection, Marketing, Digital and Big Data. Before AXA Asia, Mr. Leonardi worked at Munich Reinsurance where he was Regional Head of the Munich Health overseeing the health reinsurance and insurance businesses with specific focus on Greater China, India, Indonesia and Japan.
He also spent 13 years with UnitedHealth International (a listed Fortune 25 company) where he held several executive positions including Executive Vice President & CEO of UnitedHealth Asia, CEO of Portugal and Chief Operating Officer and Chief Financial Officer in its joint ventures. During his tenure, he turned around the Asia business and was actively involved in M&A activities in various markets across Asia.
Mr. Leonardi started his career as a chartered accountant with Coopers & Lybrand in South Africa. Born in Italy, Mr. Leonardi grew up in Denmark and South Africa and currently lives in Hong Kong.
Mr. Leonardi is a Chartered Accountant and was appointed as the Director of the Company w.e.f May 05, 2022.
Ms. Gurpreet Grewal has 30 years of international experience across diverse industries including global banks, telecommunication and the insurance sectors; 15 years of which have been in Corporate Finance. Blended experience encompassing finance and people agenda in leadership positions.
Ms. Grewal’s roles include Asia Regional Head of a global insurance major, senior business partnering involves the execution of the business strategy through the selection & onboarding of C Suite leaders & Board members. Experience in execution of integration and divestiture during MnA, change management, leadership & talent development, succession planning, organizational design & culture change enablement driving the Diversity and Inclusion agenda.
Currently, she is working as Asia Regional Head of Human Capital & Organisation, Assicurazioni Generali SPA, Hong Kong.
Ms. Grewal holds Masters in Economics and Masters in Management Studies. She also holds certifications in ACC accreditation with International Coaching Federation, Financial Times Non-Executive Director Diploma and Accredited Assessor for Hogan & Harrison psychometric tools. She was appointed as the Director of the Company w.e.f May 05, 2022.
Mr. Luis Roset Sucar is the Regional Head of P&C, Asia. With over three decades of industry experience, Luis has extensive strategic and technical expertise in P&C business, including Health and Accident, and in recent years also in the Life business.
He has held senior leadership roles at Generali España where he was Chief Technical Officer, and most recently, Chief Insurance Officer. He also spent two years as Chief Insurance Officer for Generali Portugal.
He was non-executive member of the Board of Directors of the Generali companies (Life and Non-Life) in Portugal from October 2019 to July 2020 (before integration with Tranquilidade).
Mr. Sucar is qualified as an Industrial Engineer and was appointed as the Director of the Company w.e.f May 05, 2022.
Mr. Vijay Biyani is a founding member of Future Group and has been associated with the retail and consumer goods sector for well over three decades. He serves as the Managing Director of Future Enterprises Limited, a key constituent of Future Group that owns and operates critical functions like supply chain and logistics networks, apparel manufacturing and trading and retail infrastructure management that fuel the group’s retail businesses. For the past three decades, Mr. Biyani has been involved in leading key functions such as financial governance, banking relations, treasury operations and administration across Future Group companies.
Mr. Biyani also serves as the Honorary Consul of the Republic of Kyrgyzstan in Mumbai, Goa and Gujarat. He is also involved in a number of philanthropic activities.
Mr. Vijay Biyani holds a Bachelor’s Degree in Commerce from the University of Mumbai. He was appointed as the Director of the Company on March 16, 2007.
Mr. Pankaj Jaju is an Investment Banker and founder & CEO of Metta Capital Advisors, a boutique investment bank set up in 2016 with a strong practice in the consumer, retail and fashion sectors.
Prior to this, Mr. Jaju worked with Enam Securities from 1994 to 2016, a leading Indian investment bank and investment house, and with Axis Capital and Axis Bank, after Axis acquired Enam.
He has worked with a number of large corporates and was involved in all their strategic decisions and initiatives, as an advisor to the CEO and the founders.
At Axis, he led some large corporate relationships including the Aditya Birla Group, Godrej Group, Mahindra Group and Reliance Group during his stint in the corporate bank. He then worked with the retail bank, reporting to Shikha Sharma, then MD of Axis Bank, and Rajiv Anand, the head of the retail bank, and helped build the bank’s relationships with large e-commerce companies and fintechs as part of its digital strategy.
He is also a core volunteer with iSPIRT, a think tank that has created and evangelized IndiaStack, the digital rails that are enabling financial inclusion in India. He worked closely with some of the largest banks in India to help them adopt new technologies in partnership with startups to enable iSPIRT to achieve its objectives of democratizing credit.
Mr. Jaju holds a degree in Master of Business Administration and was appointed as the Director of the Company w.e.f November 15, 2021.
Managing Director & CEO
Managing Director & Chief Executive Officer
Mr. Anup Rau took over as Managing Director & Chief Executive Officer of Future Generali India Insurance Company Limited, in 2019, putting his vast experience of over two decades in the insurance industry and unparalleled expertise in retail to the best possible use.
It is no surprise that in just two years, under his leadership, FGII was swift to move up from rank 13 to secure the 10th position and feature amongst the Top 10 Private General Insurers in India. A glowing testimony to his leadership abilities is the fact that the Company delivered higher-than-industry growth, improved profitability, and productivity, and became a player of serious scale and consequence in the retail health space - and achieved all of this while dealing with the repercussions of a global pandemic and an unprecedented lockdown. It is his employee-centric approach that has resulted in the Company being certified as a ‘Great Place to Work’ 3 years in a row (2019-2021) and ‘Best Workplaces for Women in BFSI’ in 2021. Under his watch, FGII has also become an industry benchmark on Net Promoter Score and was awarded the ET ‘Best Brand’ accolade for two consecutive years in 2020 and 2021.
Thanks to his foresight and his willingness to embrace the new normal, whether it is the early adaptation of digital infrastructure and technology or introducing customer-centric product innovations, Mr. Rau has unfailingly managed to tackle all challenges head-on. A direct result of this is the robust growth that FGII has experienced in recent times, recording the fastest growth amongst private General Insurance players for 3 years in a row. No other large/mid-sized player has gained as much market share since 2019 as FGII has.
Armed with an MBA in Marketing from the University of Bombay, and an Honours Degree in Economics from the University of Delhi, Mr. Anup is an industry veteran with an illustrious career spanning over 23 years. This includes 20 years with some of India’s leading insurance companies as well as stints in retail and sales in companies such as DCW Home products, Duncans Tea and Gilson Medical Electronics (where he started in 1995) selling everything from pipettes to salt and flour, moving from Delhi to Darjeeling and several other parts of the country, in the process.
A ten-year journey that he embarked on with ICICI Prudential served as a great training ground, enabling Mr. Anup to garner rich experience as well as rise through the ranks. During the last 10 years, he has held unique positions to lead companies in both Life and Non-Life Insurance sectors with companies like HDFC Life Insurance as a Chief Distribution Officer, and Reliance Nippon Life Insurance and Edelweiss General Insurance, as CEO in both places, before moving to FGII in his current role.
An impactful CEO who is the recipient of multiple accolades, most recently, the Most Promising Business Leader of Asia Award at the ET Asian Business Leaders Conclave 2020-21, CMO Asia Award in 2021 as the ‘CEO of the year’ in BFSI category and the ‘Business Leader of the Year’ at the 29th World’s Leadership Congress Awards 2021. In addition to this, he has been ranked amongst India’s best young CEOs by Business Today magazine (India’s Hottest Executive list) in 2014. Mr. Rau believes in the human touch, which explains the reason behind his passion and single-minded goal to make insurance a product accessible to one and all.
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