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Meet Our Management Team

Mr. Rajive Kumaraswami
Mr. Rajive Kumaraswami 

Managing Director & Chief Executive Officer 

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.

Mr. Jinesh M. Shah
Mr. Jinesh M. Shah 

Chief Investment Officer 

Mr. Jinesh M. Shah is the Chief Investment Officer of the company and is responsible for investments and asset allocation 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.

Mr. Debasis Sanyal
Mr. Debasis Sanyal 

Senior Vice President - Retail & Agency Sales 

Mr. Debasis Sanyal is working in the company as a Vice President. He is taking care of entire Retails & Agency Sales at National level, along with captive business.


He has done his MBA in Marketing and also has done Licentiate from III. Total experience of 24 years in Automobile Industry , Asset Funding and GI Industry, out of which more than 13 years in the Magma Group.


He loves to play cricket, listening to music and participating in cultural programs.

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.

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.

Mr. Somnath Ghosh
Mr. Somnath Ghosh 

Assistant Vice President - Claims 

Mr. Somnath Ghosh is working in this company as an Assistant Vice President in the claims department. His key responsibilities in the Company are Claim Management, Loss Control & Business Tie-up. Before joining MHDI he had an experience as a Divisional Manager in An Insurance Company. He has 27 years of work experience. Mr. Ghosh has done his Bachelor's Degree from St. Xaviers College, Kolkata.  He is a Fellow of Institute of Chartered Accountants of India & Associate of Insurance Institute of India.


He is very fond of reading books, sports and current affairs.

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).

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

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