Mumbai, 31st August 2023: With its primary focus on accelerating growth and innovation, Bharti AXA Life Insurance has appointed Rikhil K. Shah as its new Chief Financial Officer (CFO). He will be in-charge of leading the Company’s financial operations, to assess and manage the financial risks, while ensuring compliance with the regulatory norms. Prior to joining Bharti AXA Life Insurance, Rikhil was associated with SBI General Insurance where he grew from the ranks of Vice President – Finance to the Chief Financial Officer of the Company.
During his tenure at SBI General Insurance, Rikhil saw the business expand from a Rs.2,000 Cr. book to approx. Rs.11,000 Cr. book with overall employee strength growing from 300 to more than 7000 employees. A seasoned CA professional with two decades of experience, Rikhil has also been associated with companies like HDFC Ergo Insurance, Phillips Carbon Black, and Oxford Laboratories. He has led transformation journeys in larger setups while also managing analytics, HR, investment operations, and procurement in addition to his role as CFO.
On the appointment of the new CFO, Parag Raja, the MD & CEO of 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.”
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.”
In his financial career so far, Rikhil has won several awards including the Best CFO Award – Mid corporate, BFSI by ICAI in 2019-20.
