Max Group, India’s multi-business conglomerate, has announced that Mr. Mohit Talwar, Managing Director of Max Financial Services Limited – one of the three holding companies of the group – will continue with his role for another year till January 15, 2023. Mr. Talwar will provide continuity to the key initiatives that are currently underway. He will also remain on the Board of Max Life and Max India, as a Non-Executive Director.
Mr. Talwar stepped down from his role as Vice-Chairman, Max Group and Managing Director, Max India – the Group’s holding company for its senior care business – effective January 15, 2021. He also stepped off the Boards of Max Ventures & Industries and Antara.
According to a statement, “During his tenure, Mr. Talwar has led multiple fronts such as effective alignment with Max Group’s valued joint venture partners, progressing new business opportunities organically and inorganically, optimizing capital management & treasury, and managing investors. He was instrumental in structuring the Axis transaction that led to significant value creation for all shareholders. Under his aegis, MFSL’s market cap increased 4x over the last 5 years.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.
Mohit Talwar, has been elevated to the post of the Deputy Managing Director for Max India. He would also hold the portfolio of Additional Director on the board of Max India. In his new role, he will continue to report to Rahul Khosla, Managing Director (MD), Max India Ltd.He, previously…
Vestar Capital Partners, a U.S. middle-market private equity firm, announced the promotions of Jake Olson, Diya Talwar, and Mike Vaupen to Managing Director. "Jake, Diya, and Mike have played integral roles in Vestar's success, both on the investment side and within the firm," said Dan O'Connell, Founder and CEO of Vestar. "Vestar had an active…
Max Financial Services Limited (MFSL) announced that Insurance Regulatory and Development Authority of India (IRDAI) has approved the proposed transfer of 39,47,75,831 equity shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance Company Limited (Max Life) held by Mitsui Sumitomo Insurance Company Limited (MSI) to MFSL…
In "News"
What's your take on this post ? Comment:Cancel reply
