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Meet Our Key Management Personnel

Mr. Vikas Mittal
Mr. Vikas Mittal  

Deputy CEO 

Mr. Vikas Mittal is the Deputy CEO of Magma HDI General Insurance Co. Ltd. Mr. Mittal joined us from Magma Fincorp Limited, where he was the Business Head of 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 

Mr. Gaurav Parasrampuria is the Chief Financial Officer at Magma HDI General Insurance Co. Ltd. Gaurav was earlier heading the Accounts, MIS & Taxation of the Magma Asset Based Finance Business. He is a Fellow Chartered Accountant and a Company Secretary with more than 17 years of rich experience in Finance including controllership, corporate & management accounts, budgeting and cost control, management information systems, corporate taxation, compliance and ERP implementations. He started his career with Tata Steel and has since worked in Steel, Mining and NBFC industries. Prior to his stint with Magma, he had worked with SREI infrastructure Finance as the company's Group Financial Controller.

 
Jinesh M. Shah
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 of 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.

 
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 of Magma HDI General Insurance Co. Ltd. Before joining Magma HDI General Insurance Co. Ltd, Kavita was associated with SREI infrastructure Finance. She has over 10 years of rich experience.

 
Mr. Rajive Kumaraswami
Mr. Rajive Kumaraswami 

Managing Director and CEO 

A Fellow Member of the Institute of Chartered Accountants of India & an Associate Member of the Institute of Cost Accountants India, Mr. Rajive Kumaraswami has 23 years of work experience. He started his career as a Banker and spent the first 6 years of his career in Project appraisals, corporate funding and loan restructuring activities. He has been involved with the Insurance Industry since its opening to the private sector and has had exposure to various facets of the industry including underwriting of conventional & specialty lines, corporate sales and managing & structuring reinsurance programs. He has held the position of Head - Corporate Center and Chief Risk Officer with a large Private Sector General Insurance Company and thereafter as the Chief Representative of SCOR SE - India Liaison Office before joining Magma HDI General Insurance in June 2016 as its MD & CEO.

 
Mr. Amit Bhandari
Mr. Amit Bhandari 

Chief Technical Officer 

Mr. Amit Bhandari is a B.E (Chemical) from IIT, Roorkee and a Master in Business Administration from FMS, Delhi. He has joined Magma HDI General Insurance Co. Ltd. from ICICI Lombard where he was Head - Health and Agriculture Insurance. In his 13 years of career at ICICI Lombard, he worked in different areas like claims management, retail and micro health insurance, corporate sales, reinsurance, agriculture insurance etc. Prior to ICICI Lombard, he worked at E-valueserve Pvt. Ltd and Reliance Industries. He has total of 16 years of work experience.

 
Mr. Anand Roop Choudhary
Mr. Anand Roop Choudhary 

Head of Legal & Chief Compliance Officer 

Mr. Anand Roop Choudhary is Bachelor of Law from Ranchi University and Bachelor of Science from St. Xavier's College, Ranchi. He has over 14 years of rich experience and has worked with companies like ICICI Lombard, Vodafone and Max Bupa taking care of legal, compliance and regulatory affairs of the companies. Prior to joining Magma HDI General Insurance Co. Ltd he was the Chief Compliance Officer and Legal Head of Max Bupa Insurance.

 
Amit Loya
Amit Loya 

Chief Internal Auditor 

Mr. Amit Loya, a member of the Institute of Chartered Accountants of India, is the Chief Internal Auditor of Magma HDI General Insurance Company Limited. He is responsible for 'Third Line of Defense' by providing assurance on internal controls through periodic review of their design and operative effectiveness. He has a rich experience of 14 years in Internal Audit in Insurance sector and prior to joining Magma HDI, has headed internal audit in Bharti AXA and worked in internal audit function in Tata AIG General Insurance Company Ltd and Bajaj Allianz General Insurance Company Limited.

 
Customer Support: 1800-266-3202 customercare@magma-hdi.co.in

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