Max Financial appoints Mandeep Mehta as CFO effective October 1

Max Financial said in the filing that the board on Tuesday had appointed Mr. Mandeep Mehta as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of the Company effective October 1, 2021.

In the filing, “the Board of Directors of the Company in its meeting held on September 8, 2021, had appointed Mr. Mandeep Mehta as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of the Company effective October 1, 2021, in place of Mr. Jatin Khanna whose resignation as CFO and a KMP of the Company had been accepted by the Board with effect from the close of business hours on September 30, 2021.”

Max Financial Services Ltd stock ended at Rs1,083.95 down by Rs5.45 or 0.5% from its previous closing of Rs1,089.40 on the BSE.

Mr. Mandeep Mehta has been associated with Max Life Insurance Company Limited (‘Max Life’) for over 6 years now. Currently, he is working with Max Life Insurance as EVP & Deputy Chief Financial Officer and continues to do so. He has over 26+ years of work experience in total across diverse organizations like GlobalLogic, MetLife India Insurance Co. Ltd, Paternoster Group Jardine Lloyd Thompson, Aviva Life Insurance and DCM.

Mandeep has held many senior leadership roles in Finance and has deep domain expertise spanning across strategic business finance, financial restructuring & controls, new ventures, capital raising, mergers and acquisitions etc.

Mandeep was Group Financial Controller at Paternoster, UK and india (an insurance company focused on defined benefit buyouts and is a market leader with USD 3.2 billion worth of premium in its first year of operations. It’s was FSA regulated specialized insurer of its kind.) where he was leading Planning, budgeting, accounting, reporting, treasury, investment middle and back office, legal, corporate secretarial function, M&A, UK and India Direct and Indirect taxes, Performance management framework and establishment of SEZ ITES operations. He was also Director Finance at JLT India and predominantly leading the controllership, treasury, tax and corporate secretarial function along with business delivery function. He spent 6 years at Aviva Life Insurance, which was amongst his nascent stints where he was working as Senior Manager Finance heading accounting, banking, financial planning, taxation, partnership acquisition and supported group M&A initiative in Sri Lanka.

Mandeep has done B Corn H, Business Studies from Shri Ram College of Commerce, ALP-Business studies from IIM Ahmedabad and he is also a fellow member of Institute of Chartered Accountants of India. He has earned numerous recognitions in his career including CFO India Award 2016 Outstanding Achievement Award, Value Ambassador for Innovation Award, Special Diligence Award CFONEXT 2016.

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( With inputs from indiainfoline)