Aiming at accelerating growth and innovation around the insurance industry, Bharti AXA Life Insurance named Rikhil K. Shah as its new Chief Financial Officer (CFO). He will be in charge of guiding the Company’s financial operations, assessing and managing financial risks, and ensuring regulatory compliance.
Prior to joining Bharti AXA Life Insurance, Rikhil worked for SBI General Insurance, where he rose through the ranks from Vice President – Finance to Chief Financial Officer.
During his time at SBI General Insurance, Rikhil witnessed the company’s book increase from Rs.2,000 crore to about Rs.11,000 crore, with overall employee strength increasing from 300 to over 7000. Rikhil, a seasoned CA specialist with two decades of experience, has also worked for firms such as HDFC Ergo Insurance, Phillips Carbon Black, and Oxford Laboratories. In addition to his job as CFO, he has managed transformation initiatives in larger organisations while also overseeing analytics, HR, investment operations, and procurement.
On the appointment of the new CFO, Parag Raja, MD & CEO, Bharti AXA Life Insurance, commented, “At Bharti AXA Life Insurance, our aim is to constantly evolve and innovate in order to offer superior life insurance services to our customers. Rikhil’s valuable expertise will further assist the Company in its growth journey and strengthen the Company’s financial leadership in pursuit of its strategic goals.”
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Rikhil K. Shah, the newly appointed CFO of Bharti AXA Life Insurance said, “I am delighted to join Bharti AXA Life Insurance as the Company is on-track to make a significant contribution in the life insurance sector with its digital transformation initiatives. By strategically aligning our efforts and harnessing opportunities, the goal will be to drive both short-term expansion and long-term success. I am looking forward to work closely with the entire team and leverage the strengths of the Company to further enhance its overall performance.”
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