Mahindra Manulife Insurance on Wednesday appointed Nilesh Kothari as its chief financial officer (CFO) as the company builds its leadership team ahead of launching its life insurance business in India.
Kothari brings over 22 years of experience in the life insurance industry, with expertise in financial strategy, capital and solvency management, business planning, investment operations, governance and regulatory engagement.
Before joining Mahindra Manulife, Kothari served as CFO of PNB MetLife India Insurance. He has also held CFO and senior leadership positions at Bharti AXA Life and SBI Life Insurance.
During his career, he has worked on business growth and profitability, operational efficiency and finance transformation, including enterprise resource planning (ERP) and analytics-led modernisation initiatives.
At Mahindra Manulife, Kothari will be responsible for setting up the finance function, focusing on financial governance, capital and solvency management, and building scalable processes.
“Nilesh brings deep life insurance expertise and a strong combination of financial stewardship, strategic thinking and transformation experience. As we build Mahindra Manulife, establishing strong financial foundations while creating an organisation designed for the future will be critical. Nilesh’s experience across financial strategy, capital and solvency management, governance and technology-led transformation will play an important role as we build a sustainable, agile and future-ready life insurance business,” said Suresh Agarwal, managing director and CEO of Mahindra Manulife Insurance.
