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Meet Our Key Personnel

Mr. Vikas Mittal
Mr. Vikas Mittal  

Deputy CEO 

Vikas is the Deputy CEO of the company. He joined us from Magma Fincorp Limited, where he was the Business Head - Gold Loans. He is a Chartered Accountant and a Cost & Works Accountant with more than 20 years of rich experience in Banking & Finance, across institutional & retail equity brokerage, private banking, retail banking, wealth management, lending and now general insurance. He has worked in reputed organisations like ICICI Bank, ABN AMRO Bank and Citigroup Wealth Advisors, where he was the Managing Director and Country Business Manager.

He is an Executive & Personal Coach, credentialed by the International Coaching Federation, US as a qualified Associate Certified Coach (ACC).

Mr. Gaurav Parasrampuria
Mr. Gaurav Parasrampuria  

Chief Financial Officer 

Gaurav is the Chief Financial Officer of the company. Gaurav was earlier heading the Accounts, MIS & Taxation of the Magma ABF Business. He is a Fellow Chartered Accountant and a Company Secretary with more than 15 years of rich experience in Finance including controllership, corporate & management accounts, budgeting and cost control, management information systems, corporate taxation, compliance, implementation of ERP systems and conceptualising and undertaking various process improvement programmes and implementing the same. He started his career with Tata Steel and has since worked in Steel, Mining and NBFC industries. Prior to his stint with Magma, he has worked with SREI infrastructure Finance as Group Financial Controller.

Raj Kumar Kapoor
Raj Kumar Kapoor 

Internal Auditor 

Mr. Kapoor is a Chartered Accountant and a Certified Internal Auditor. He is responsible for 'third line of defence' by providing assurance on internal controls through periodic review of their design and operative effectiveness. This is done by carrying out various process and compliance audits, following a risk-based approach of audit planning. Having served in different industries, he brings with him in-depth internal audit knowledge and experience.

Mr. Kapoor enjoys reading. He listens to music, does running and yoga to keep his body, mind and spirit aligned.


Jinesh M. Shah
Jinesh M. Shah 

Chief Investment Officer 

Jinesh M. Shah is the Chief Investment Officer of the company and is responsible for investments and asset allocation in Magma HDI General Insurance Co Ltd. He earned his PGDBEM from EDII Ahmedabad with over 12 years of experience in Fixed Income & Debt capital markets.

He is passionate about capital markets, travel, trekking and music. He is passionate about capital markets, travel, trekking and music.

Mr. Jeetendra Sahu
Mr. Jeetendra Sahu 

Compliance Officer 

Mr. Jeetendra Sahu is the Compliance Officer of Magma HDI General Insurance (MHDI). Before joining MHDI, Jeetendra was associated HDFC Life Insurance , he is a Bachelor in Business Administration.

Ms. Kavita Modi
Ms. Kavita Modi 

Company Secretary 

Ms. Kavita Modi, a member of the Institute of Company Secretaries of India, is the Company Secretary and Compliance Officer of Magma HDI General Insurance (MHDI). Before joining MHDI, Kavita was associated with SREI Infrastructure Finance Limited.


Mr. Rajive Kumaraswami
Mr. Rajive Kumaraswami 

Managing Director and CEO 

Mr. Rajive Kumaraswami is the Managing Director and CEO of MHDI. Mr. Kumaraswami is a graduate from Delhi University and fellow member of the Institute of Chartered Accountants of India. He has over 26 years of experience and worked with reputed brands like SCOR SE India Liaison, ICICI Group etc.

Ms. Raunak Jha
Ms. Raunak Jha 

Appointed Actuary 

Ms. Raunak Jha has joined MHDI as Appointed Actuary. Raunak has more than 11 years of rich experience with companies like Cigna TTK Health Insurance, Towers Watson, Deloitte Consulting and Iffco Tokio. She is a graduate from Delhi University in Physics and Fellow of Institute of Actuaries of India.

Customer Support: 1800-3002-3202 customercare@magma-hdi.co.in

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