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Managing Director & Chief Executive Officer
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.
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
Senior Vice President - Retail & Agency Sales
Mr. Debasis Sanyal, a Management Graduate in Marketing & a
Fellow from Insurance Institute of India, is associated with Magma
HDI General Insurance as the Senior Vice President & National
Head - Retail & Agency Sales. In total, he has total 26 years
of experience spanning across Automobile Industry, Asset Funding
and General Insurance, of which more than 15 years is with the
Magma Group. He loves to play cricket, listen to music and
participate in cultural programs.
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
Head–Corporate Sales & Broking
Nitin is a Commerce graduate (SRCC - University of Delhi) and an
MBA from XLRI, Jamshedpur with an enriched Sales and Marketing
experience of 19+ years, having worked with established corporates
Head - Information Technology (Insurance)
Mr. V. Ramesh, B.E, VIT, has been with Magma HDI General
Insurance as Vice President - Information Technology since December
2015. With over 20 years of diverse experience in information
technology in the fields of product & custom application
development, product & program management, IT support &
service delivery, enterprise architecture and consultation across
various domains. He is a LOMA certified professional and prior
joining to Magma HDI General Insurance, he has worked with AIG,
TATA AIA & AVIVA
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
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
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.
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
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Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
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