Board Members
Analjit Singh, Chairman
Mr. Analjit Singh is the Founder & Chairman of Max India Limited and its subsidiaries Max New York Life Insurance Company Limited; Max Healthcare Institute Limited and Max Bupa Health Insurance Company Limited. He has been the driving force behind the Max India Group’s sustained growth and success since the mid 80’s.
A self made entrepreneur, Mr. Analjit Singh has been leading the charge of reinventing and restructuring the Max India Group with a vision to be amongst India’s most admired companies for Service Excellence.
Today, Max India Limited is a multi-business corporate, focused on People and Service oriented Businesses of ‘Life’. Max India Group is present in the areas of Life Insurance (Protecting Life) through Max New York Life Insurance, a Joint Venture with a Fortune 100 company New York Life; Healthcare (Caring for Life) through Max Healthcare; Health Insurance (Enhancing Life) through Max Bupa Health Insurance; a Joint Venture with Bupa, U.K.; Clinical Research (Improving Life) through Max Neeman Medical International; BoPP & Speciality Foils manufacturing through its division Max Speciality Films.
Max India Group’s annual turnover is nearly INR 80 billion with a customer base of about 5 million. The total investment in various businesses at the end of 2011 stood at over INR 27 billion. The Group has over 500 offices across India; with people strength of about 54,000.
Recognizing Mr. Analjit Singh’s contribution towards building India Inc., he has recently been awarded one of India’s highest civilian honors, the Padma Bhushan, by the President of India. As one of India’s leading business-persons, Mr. Analjit Singh is a Member of the Prime Minister’s Joint Indo-US CEOs Forum. He is the non-executive Chairman of Vodafone India, India’s second largest mobile telephony services. He is a Director on the board of several leading companies such as Dabur India, Tata Global Beverages, Hero MotoCorp and Sofina NV/SA, Belgium.
Mr. Analjit Singh has always taken keen interest in enhancing India’s academic excellence. He is currently an Executive Board Member of the Board of Governors, Indian School of Business (ISB), Hyderabad, where he is jointly funding a new campus at Mohali, Punjab and actively facilitating it as the Chairman, Mohali Campus Advisory Board, ISB. He has recently taken on the role of the Chairman of the Board of Governors, Indian Institute of Technology, Roorkee. In addition, he is the Chairman, Board of Governors, The Doon School, Dehradun. He is also associated with the proposed National University of Law in Meghalaya as its Executive Member.
Mr. Analjit Singh is actively involved in social service, through his role as the Chairman and Chief Patron of Max India Foundation (MIF), the Social Service arm of Max India Group. Committed to fostering an inclusive society, MIF spearheads the CSR initiatives of the various Max India Group companies and also partners with several reputable NGOs such as SOS Children’s Village, Manav Seva Sannidhi, CanSupport and Chinmaya Mission.
The Foundation’s main focus areas are:
- Providing improved access to quality healthcare for underprivileged, particularly children.
- Creating awareness on health-related issues such as women’s health, cancer, cardiovascular diseases and immunisation of children.
- Improving awareness of environmental issues with a view to supporting a sustainable and eco-friendly environment.
He is also the Life Chairman, Bhai Mohan Singh Foundation and Member, Governing Board of Bharti Foundation.
Mr. Analjit Singh is the Consul General (Honorary) of the Republic of San Marino in India.
Senator Hillary Clinton, on behalf of The Indian American Center for Political Awareness (IACPA), awarded Mr. Analjit Singh for his ‘outstanding achievement’ in presenting the international community with an understanding of a modern and vibrant India. The IACPA has particularly lauded his efforts in forging several successful Joint Ventures with leading American companies and promoting business ties with the US.
Mr. Analjit Singh is an alumnus of Doon School, Dehradun; Shriram College of Commerce, University of Delhi; School of Management and the Graduate School of Management, Boston University, Boston, USA. He is married and has three children.
Anuroop (Tony) Singh, Director
Mr Anuroop (Tony) Singh is an experienced business leader and an independent member on the Board of several leading companies. He has more than three decades of experience in the financial services sector, including two decades as a Chief Executive for various businesses. Anuroop’s experience of setting up new businesses from inception and turning around existing businesses, together with his ability to converge business and social dimensions, make him an ideal independent voice on the Boards of quality-oriented and socially-responsible organizations. His emphasis on principles and core values-based operations has helped build many successful organizations. Anuroop also mentors young start up entrepreneurs and has a keen interest in philanthropy.
Anuroop is currently pursuing Board level engagements with select professionally-managed, values-driven corporate entities and not-for-profit organizations which aim to leverage the full potential of an active and professional Board.
He is the Vice Chairman of Max India (www.maxindia.com), one of India’s leading multi-business corporations focused on ‘Business of Life’ and aiming to become among the most-admired companies for Service Excellence.
In the insurance sector, Anuroop serves as the Vice Chairman of Max New York Life Insurance (www.maxnewyorklife.com), a partnership between Max India and New York Life, a Fortune 100 company. It is one of India's leading life insurance companies, with a nationwide presence of over 700 offices in over 350 cities in India.
In the Healthcare sector, he is also:
- A member of the Board of Directors of Max Healthcare (www.maxhealthcare.com), a comprehensive provider of standardized, integrated, and world-class healthcare services. It operates an 800 bed network of 8 hospitals in North India, offering services in over 30 medical disciplines.
In the IT sector, he was a member on the Board of Directors of Perot Systems (www.perotsystems.com), a Fortune 1000 company which with recently merged with Dell, a Fortune 100 Global company with USD 61 billion revenue in 2009.
In the banking sector, he was a member on the Board of Directors of Development Credit Bank (www.dcbl.com), a new generation Indian private sector bank, promoted by the Aga Khan Fund for Economic Development (AKFED), an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in the developing world.
In the not-for-profit space, Anuroop serves as a member on the Board of Directors of:
- SOS Children's Villages of India (www.soscvindia.org), a voluntary child-care organization providing care through 40 Children’s Villages and 122 allied projects including Kindergartens, Schools, and Social, Medical & Vocational Training Centers spread across India, reaching out to thousands of children. It is a member of the worldwide SOS family with a footprint in 132 countries.
- Society for Integrated Development of Himalayas (SIDH) (www.sidhsri.com), a NGO committed to providing meaningful, relevant, and holistic education to all sections of society through pre-primary, primary, non-formal, and adult literacy programs. SIDH has linked education to livelihood through its Rural Management School.
Anuroop was CEO and Managing Director of Max New York Life Insurance Company. He launched and established Max New York Life’s operations in India in 2000. Under his stewardship, the company established a market reputation for trust, quality, and customer-centricity.
Earlier, Anuroop was Country Head, India and Regional Head, Retail Banking, Middle East and South Asia, for ANZ Grindlays Bank, where he implemented new revenue-led business strategy and significantly turned around the Bank's overall performance.
Anuroop also served as the Country General Manager for Retail Banking at Bank of America for five years. He spearheaded the launch of the Bank’s Retail Banking business in India with several paradigm shifting products and services.
Anuroop worked for 15 years in various positions with American Express, establishing the Company in several countries in the region. His work in launching new products and services in regional markets, including the signature American Express Card, earned him the ‘Chairman's Award for Quality’ in 1994. He also inspired the creation of the Finance Resource Center (FRC) – the country’s first Business Processes Outsourcing organization, which is now a living example of successful strategic reengineering.
Qualifying as a Chartered Accountant in 1976, Anuroop did his articleship from A.F. Ferguson and Co. He also worked overseas, with Ernst & Young.
Anuroop graduated from Delhi University in 1973 and studied at the Doon School, Dehradun. He is married to Catherine Morice Singh, a professor of Mathematics who holds a keen interest in Indian Culture and history of Indian Mathematics. They have two daughters, Priyanka Singh, 26, a documentary photographer and Divya Singh, 23, studying Finance and Accounting at Dauphine University in Paris. Anuroop himself lives and spends his time across India, Europe, and USA.
Rahul Khosla, Director
Rahul (51) is a seasoned business manager with wide domain expertise built over 27 years in financial services. He has deep management experience, strong leadership skills, and broad business perspectives developed across several multinational environments, both globally and in India.
His last role was based in Singapore as Group Head of Products for Visa, for all markets in Asia Pacific, Central Europe, Middle East and Africa and represented the region on Visa’s Global Product Management Team. Previously, he was Chief Operating Officer for Visa Asia Pacific. In his 11 years with Visa, Rahul helped to exponentially grow the business and build Visa’s leadership through product innovation, senior client interface, organizational effectiveness and business
Before joining Visa, Rahul was the country head for ANZ Grindlays’ Personal Financial Services businesses in India, with P&L responsibility across all aspects of retail banking. He developed and implemented a strategy to transform and turn around the largest foreign-owned bank in India and restructured the bank’s sales processes, balance sheet management, revenue drivers, margin optimization, organization structure and expense management to achieve significant traction across all profitability dimensions.
Rahul worked in Bank of America in India as Head of Retail Assets, Strategy, Finance and Legal, where he helped to re-launch the bank’s retail business in India, established national market leadership on the auto loan business and established important partnerships and regulatory approvals that set the foundations for the retail bank’s growth.
He spent almost 10 years in American Express, where his last role was to set up a pioneering BPO facility for American Express in India where he successfully migrated financial processes from Asian markets. Before this, Rahul was CFO for the American Express TRS businesses for India and South Asia, and was a member of the core team that launched India’s first American Express local currency card, won the Chairman’s Award for a significant automation project and authored a landmark client profitability analysis for the businesses.
He is the Managing Director of Max India India’s leading multi-business corporations focused on ‘Business of Life’ and aiming to become among the most-admired companies for Service Excellence.
Rahul is married to Mehreen, has two children (both studying in the USA), and is a Singapore citizen. He is a passionate golfer, avid music fan, reads less than he would like to, and is a nature and animal lover. He is a Chartered Accountant (articled with A F Ferguson &Co) and graduated with honors in Economics from St Stephen’s College, Delhi.
William Stephen Ward, Director
Mr Bill Ward, Chief Operating Officer of Bupa International Businesses since 2006, obtained the Company Secretary qualification (ACIS), in 1987 from the Middlesex Business School, Middlesex University, followed by Management and Executive Programmes offered by the London School of Economics, London Business School and Wharton Business School, Philadelphia, USA. From 1988 to 1992 he was Deputy CEO of Chase Farm Hospitals NHS Trust.
He then spent several years in operational management in Bupa Hospitals. In 1995 he took on the role of Director of Strategic Development and Operations, responsible for 36 Bupa Hospitals with over 4000 staff. In 1996 he was accountable to Group CEO for delivery, as Director E97, of a cross Bupa business wide re-engineering project which delivered significant competitive advantage and underpinned a commercial turnaround for the Group.
He took on the role of Managing Director, Bupa International in 1998, responsible for BUPA International’s worldwide trading activities, with offices in London, Brighton, Hong Kong, Chicago, Hartford, Dubai, Cairo and Malta.
In 2005 he moved to Cigna, NYSE 100 PLC, and as CEO Europe was responsible for 3 European businesses focussed on the delivery of employee benefit solutions and products through third party wholesaler strategic alliances.
In 2006 he rejoined Bupa as the Chief Operating Officer.
Dean Allan Holden, Director
Mr Dean Holden became Managing Director, Bupa Asia Pacific in June 2008. He is responsible for Bupa’s operations across the region, including Australia, Hong Kong and Thailand, as well as leading Bupa’s development into major new markets such as China and India. Dean was born and educated in the UK and is an FCCA. Dean has worked at Bupa for more than 20 years, joining the company initially as Chief Internal Auditor in 1987, before becoming International Finance Director in 1989. In this role, Dean took responsibility for the financial management and development of all Bupa’s overseas operations, overseeing Bupa’s acquisition of a business in Thailand and the set-up of businesses in Ireland and Saudi Arabia.
In 1998, Dean took on the role of Bupa Group Financial Controller, responsible for the financial management and control of the Bupa Group. He was then appointed Managing Director of Bupa’s International Business in 2002 with responsibility for acquiring Bupa’s businesses in Australia and managing Bupa’s operations in Australia, Hong Kong, Thailand, Saudi Arabia, Singapore and, for Bupa International, Bupa’s international health insurance business in the UK, USA and Denmark. Dean is married to Christine and has three teenage children.
Anthony Maxwell Coleman, Director
Mr. Anthony Maxwell Coleman has extensive expertise and experience in the management and governance of Insurance companies. He has done his MBA from Macquarie University and is also a Fellow of Institute of Actuaries of Australia and Fellow of Institute of Actuaries, UK.
He is also a director on the Board of Australian Carbon Trust and Lonergan Edwards & Associates Limited.
He had worked as a partner of PricewaterhouseCoopers and as Chief Risk Officer & Group Actuary of Insurance Australia Group Limited. He has been a President of Institute of Actuaries of Australia.
Damien Marmion, Director
Damien has been associated with Max Bupa since its inception and took up his post at the Company’s New Delhi headquarters in 2009. Led by his vision of making Max Bupa the most admired heath insurance provider in India, he has played a vital role in formulating the unique value proposition of the company and setting up the business.
Damien has a rich experience in the healthcare and insurance sector spanning over 17 years. Prior to joining Max Bupa, he has held a number of senior management posts within the Bupa Group, including Development Director of Bupa, Managing Director of Bupa Health Insurance, Hong Kong and Clinical Services Manager, UK hospitals business.
Damien is married and has two children. He is a keen golfer.
James Gordon Wheaton, Director
Mr. James Gordon Wheaton became Finance Director, International Markets, Bupa Group in July, 2010. He is responsible for leading the finance function of Bupa’s operations in the Division including Australia, Bupa International, Latin America, Arabia, India, Hong Kong and Thailand, as well as business developments in new markets such as China. The Division has 5.4 million customers and revenue of £3.3 billion.
James was born and educated in the UK and holds BSc in Economics from London School of Economics and is a Chartered Accountant (Association of Chartered Certified Accounts). He has lived and worked in the UK and the US.
James originally joined Bupa in 1993 and spent five years with the company, working in the insurance business in the UK and Care Services. He left in 1998 to study for a MSc in Management at London Business School. After Business School, James worked in senior finance roles in listed companies specializing in outsourcing and I.T.
K. Narasimha Murthy, Director
Mr. K. Narasimha Murthy has been appointed as an Independent Director and he brings with him sharp and focused cost accounting experience. His areas of expertise include Cost Audit, Cost Management Information, Business Valuations, Corporate Planning, Mergers & Acquisitions and other Management Support Services. Mr. Murthy also has existing Board level engagements with companies such as Max India, Max Healthcare Institute Ltd., IDBI, LIC Housing Finance etc.
Mr. K. Narasimha Murthy has Bachelors Degree in Science, Fellow Member of Institute of Chartered Accountants of India (FCA) and Fellow member of Institute of Cost and Works Accountants of India (FICWA).