Mahindra Manulife Insurance announced today that the insurance company has appointed Nilesh Kothari as Chief Financial Officer of the firm.
In his new role, he would be responsible for overlooking the company’s finance. He will focus on building a long-term future-ready finance function, establish financial governance, capital and solvency management and scalable processes.
With over 22 years of experience in insurance industry, Kothari has expertise across financial strategy, capital and solvency management. Kothari joined from PNB MetLife India Insurance, where he was associated for 3 years, serving as CFO. Prior to that, he had held some senior leadership roles at Bharti AXA Life and SBI Life Insurance. He has spent 15 years at Bharti AXA Life and served as the CFO for 5 years. During his career, he has led initiatives spanning business growth and profitability, operational efficiency and large-scale finance transformation, including ERP and analytics-led modernization programs.
Commenting on the appointment, Suresh Agarwal, Managing Director & CEO, Mahindra Manulife Insurance, said, “Nilesh brings deep life insurance expertise and a strong combination of financial stewardship, strategic thinking and transformation experience. As we build Mahindra Manulife, establishing strong financial foundations while creating an organization designed for the future will be critical. Nilesh’s experience across financial strategy, capital and solvency management, governance and technology-led transformation will play an important role as we build a sustainable, agile and future-ready life insurance business.”
