Founder Analjit Singh to take over as Chairman of Max India, Max Life

New Delhi: Max Group Monday said its Founder and Chairman Emeritus Analjit Singh will take over as Chairman of Max India and Max Life. He would be taking over the chairmanship of the two companies from Group President Rahul Khosla, who would be moving to a non-executive role as group advisor from April 1, 2019, Max India said in a filing to BSE.

That journey could not have been possible without Khosla taking on the mantle of Managing Director and subsequently as Group President, he added.

Mohit Talwar, who has been with the Group since November 2007, will be elevated to the position of Group Vice Chairman with effect from April 1, 2019, Max India said.

In this capacity, Mohit will represent the Group on the Founder's behalf and support the respective CEOs in their operating businesses, it added.

"Mohit has made a significant contribution, especially in the areas of capital management and corporate finance over the years and his support will be valuable as the Group forges its platforms of future growth including life insurance, real estate, senior living and hospitality," Singh said.

Mohit will also continue to serve as the MD of Max Financial Services and Max India and remain on the Boards of Max Group's operating companies, the company said.

Max Group comprises three holding companies, namely Max Financial Services, Max India and Max-Ventures & Industries.