Mr. Parveen Kumar Gupta

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).

Mr. Roberto Leonardi

Non-Executive Director

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. Lima Alexandrova

Non-Executive Director (Additional)

Ms. Lima Alexandrova is a finance professional with over 15 years of experience in the advisory, banking, and insurance industries with significant international exposure.

Lima joined Assicurazioni Generali S.p.A. (“Generali”) in 2020 as part of the Group Chief Investment function, serving as Head of Portfolio Implementation and Investment Mandates. In this capacity, she was responsible for more than EUR 400 billion of Assets under Management of the insurance portfolio. She ensured the effective deployment and implementation of the annual strategic allocation of Generali Group through internal and external Asset Managers and monitored their subsequent performance.

In September 2024, Lima was promoted to Head of Insurance Business Performance Asia in the newly created Insurance Division. In this role, she is responsible for monitoring the business performance and initiatives within the Asia Region, working closely with country CEOs as well as the Asia Regional Office.

Prior to joining Generali, Lima worked for BlackRock Financial Markets Advisory, focusing on advisory support and portfolio optimization, which enabled her to gain significant experience in Model Risk Management framework (for both set up and implementation) as well as in regulatory strategy and stress-testing.

From 2011 to 2017, Lima covered different roles with growing responsibilities within the Risk and Finance functions of UniCredit S.p.A., the largest Italian bank and one of the largest banks within the European Union.

Lima’s career started in 2007 at the Beijing Branch of OJSC Promsvyazbank (PSB), where she supported the trade financing operations and provided risk assessment and advisory on Chinese counterparties to the Head Office.

Lima holds a Degree in Finance and Economics from St. Petersburg State University (Russia, 2007) and a Master’s in Business Administration from the Altis Business School of Catholic University in Milan (Italy, 2010). She is fully proficient in Russian, Italian, and English, and she can speak German and Mandarin at professional level.

Ms. Valentina Sarrocco

Non-Executive Director

Ms. Valentina Sarrocco was appointed as the Non-Executive Director of the Company w.e.f February 17, 2023. Ms. Valentina has almost 20 years’ of corporate and transactional lawyer experience in corporate governance matters, M&A/divestitures, general commercial, cross border transactions, insurance and project financing. Ms. Valentina has also provided pro-bono legal advice to several UN Committees and Agencies.

Ms. Valentina was a part of the International General Counsel and Head of Group Entities Corporate Matters of Assicurazioni Generali S.p.A. Prior to joining Generali Group, she worked as a Senior Associate at McDermott Will & Emery and Chiomenti respectively. Ms. Valentina is also on various Corporate Boards.

Ms. Valentina holds a Bachelor’s degree in Law and is a member of the Italian Bar. She has also done Senior Manager Program and Executive Program on M&A transactions from Italy. Ms. Valentina has also attended the Global Leadership Program STEP UP - Lifetime Partner Edition organised by IMD Business School, Zurich and has been to the Wharton School of Business, USA.

Mr. Ajai Kumar

Non-Executive Director

Mr. Ajai Kumar, is a Master’s Degree holder in Science (Physics), Bachelor degree in Science, LLB and has acquired CAIIB certification. He has over 40 years of experience in Public sector Banking industry holding eminent position in India and overseas (New York USA). He has acquired multidimensional experience in the field of Global and Domestic banking Operation, Risk Management Treasury, Investment and Money Marketing Operations, Human Resources Management, Business process re-engineering, Retail Banking Operations, Project Management and Banking Information Technology. His past engagements include appointment as Chairman & Managing Director- Corporation Bank, Managing Director & CEO (interim)- Yes Bank Ltd, Executive Director -UCO Bank, General Manager- Bank of Baroda etc.

Presently, among other companies he is on the Boards of CAN FIN Homes Ltd., HFCL Ltd., Adani Krishnapatnam Port Limited, Amar Ujala Ltd., National Urban Cooperative Finance and Development Corporation. Indiabulls Investment Management Ltd., Satyadevi Institute for Financial Learning, Jawaharlal Nehru Port Trust. Mr. Ajai Kumar is a member for Top Management Grade selection panel of PSU Banks and an advisory on banking services and banking technology.

Mr. KB Vijay Srinivas,

Non-Executive Director

Mr. KB Vijay Srinivas, is an insurance professional with close to four decades of experience in the field.

He retired as Director and GM and also held Joint Additional charge of United India Insurance Company Ltd. as Chairman cum Managing Director.

He is now a consultant, freelance writer, trainer. Mr. KB Vijay Srinivas is a member of Industry Academic Advisory Board, BIMTECH, and Advisory Council, Risk Management Association of India. He is also on the editorial Board of the Journal of Insurance Institute of India.

Mr. KB Vijay Srinivas was a Chairman of Insurance Committee, East, Assocham and was on the Board of NIA and also on admin committee of III.

Mr. KB Vijay Srinivas joined United India Insurance Company in 1981 as a direct recruit officer and served at various places like Delhi, Chennai, Kolkata, Madurai etc., in various capacities encompassing almost all the different aspects of the organisation. On promotion as General Manager, he was transferred to National Insurance Company where he was the Chief Marketing Officer and in addition held charge of many other portfolios like foreign operations, crop insurance, rural insurance, publicity, CSR, estate, administration, miscellaneous insurance etc.

Mr. KB Vijay Srinivas was appointed as a Director to the Board of Directors of United India Insurance Company Ltd after a three year stint at National Insurance Company.

He Has written many articles in journals and periodicals of repute on subjects like finance, taxation, general matters, insurance, and has also co-authored a book on sales tax. He Has been a recipient of awards on many occasions from the Insurance Institute of India for essays on various topics.

After getting an honours degree in science, Mr. KB Vijay Srinivas completed LLB., and MBA, all from Delhi University. He is also an Associate Member (AIII), of the Insurance Institute of India.

He Has been a speaker at various fora and a trainer for many institutes, speaking on varied subjects like marketing, finance, management, Insurance, motivation, human resources etc.

Dr. Devi Singh

Independent Director

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. SHAILESH HARIBHAKTI

Independent Director

Mr. Shailesh Haribhakti is a renowned Chartered and Cost Accountant, and a Certified Internal Auditor, Financial Planner, and Fraud Examiner, with over five decades of experience. Mr Haribhakti is the Chairman of Shailesh Haribhakti & Associates Chartered Accountants, and the Vice Chairman of GOvEVA Consulting Pvt Ltd. He has been conferred with the Global Competent Boards Designation (GCB.D) by Competent Boards Inc, Canada. Presented with the honorary PhD title of “Doctor of Letters” by ITM University. He has been awarded the ’Vivekananda Sustainability Award – 2022’ by Vivekananda Youth Connect Foundation.

A proponent of a clean and green environment, he is credited to have successfully established the concept of ‘Innovate to Zero’ and technology enabling CSR/ESG/Sustainability.

In the space of dispute settlement and arbitration, he has demonstrated his expertise as Expert Witness and Valuer in both domestic and international jurisdictions. He represented India on the Standards Advisory Council (SAC) of the International Accounting Standards Board (IASB) in London for two years. He worked with Polish Business Advisory Services (PBAS), an affiliate of IFC Washington, to establish Activity-based costing and Strategic Planning Processes in Polish SMEs.

In addition, Mr Haribhakti is currently the Non-Executive Chairman of the Board of Bluestar Limited,  Cynergis Infotech India Pvt Ltd, Protean e-Gov Technologies Ltd, and Chairman of IBS Fintech India Pvt  Ltd, Planet People & Profit Consulting Pvt Ltd, and YCWI Green Solutions Pvt Ltd. 

He is also a Board Member of several leading companies including Adani Total Gas Ltd, Bajaj Electricals  Ltd, Bennett Coleman and Company Ltd (Times Group), Brookprop Services Pvt Ltd (a Brookfield REIT),  Future Generali India Life Insurance Company Ltd, Gaja Trustee Company Pvt Ltd (Gaja Capital Group),  L&T Finance Holdings Ltd, Torrent Pharmaceuticals Ltd, amongst others. 

In recent times, some prominent Boards and Board Committees led by him have been recognised with  coveted awards, which speak of his penchant for excellence in the areas of corporate governance and  sustainability. 

He has been associated with many management institutions as well as industry and professional  forums. He has led the Bombay Management Association; Institute of Internal Auditors, Bombay  Chapter; Western India Regional Council, Institute of Chartered Accountants of India; Indian  Merchants Chambers; Financial Planning and Standards Board, India; and Rotary Club of Bombay; over  the last many decades. He has served on the Securities and Exchange Board of India (SEBI)’s  Committee on Disclosures and Accounting Standards and Takeover Panel and was Chairman of the  NPS (National Pension Scheme) Trust from 2015-2017.

Mr. Anup Rau

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.