Rushabh Gandhi

IndiaFirst Life Insurance Announces Leadership Transitions

Rushabh GandhiThe Board of IndiaFirst Life Insurance has approved the appointment of Mr. Rushabh Gandhi, presently Deputy CEO of the Company, as the MD & CEO for a period of five consecutive years with effect from July 01, 2024 or the date of regulatory approval(s), whichever is later.

Ms. R.M. Vishakha, Managing Director & Chief Executive Officer (MD & CEO), will superannuate from the services of the Company on June 30, 2024.

The matter is subject to approval of Insurance Regulatory and Development Authority of India (IRDAI), shareholders, and such other statutory approvals, as may be applicable. The necessary intimation about the exact date of appointment of Mr. Rushabh Gandhi will be filed with exchange on receipt of requisite approvals.

The Board of Directors of IndiaFirst Life has placed on record their heartfelt appreciation to Ms. R.M. Vishakha for her invaluable contributions to IndiaFirst Life. Her result-oriented leadership over the past nine years has been instrumental in guiding the Company to consistently reach significant milestones, solidifying its position as a leader in the life insurance sector. The Board welcomes Mr. Rushabh Gandhi as the new MD & CEO, which marks a new chapter for the Company and aligns perfectly with the company’s succession planning. Having worked alongside Ms. R.M. Vishakha since 2015, Mr. Rushabh Gandhi brings a wealth of experience at IndiaFirst Life in driving growth and profitability. This experience is complemented by his strategic vision that resonates with the core values of IndiaFirst Life.

Mr. Rushabh Gandhi, Deputy CEO, IndiaFirst Life has been one of the key driving forces and an integral part of the IndiaFirst Life’s growth story. His sharp business acumen and strategic thinking coupled with a fair and humane approach has helped IndiaFirst Life to steadily gain market share and mind share of stakeholders. He is a financial services industry leader with over 29 years of experience across national and international markets. Mr. Rushabh Gandhi has been bestowed with multiple awards such as the Navabharat Transformational Leader of the Year 2022, Elets BFSI Gamechanger Award 2022 for Visionary Leadership, and The Indian Achievers’ Award 21-22 for Business Leadership amongst others. Mr. Rushabh Gandhi is an alumnus of Narsee Monjee Institute of Management Studies (NMIMS) and INSEAD, Fontainebleau.