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 financial risks, while ensuring compliance with the regulatory norms, a statement from the company has notified.
According to the statement, before joining Bharti AXA Life Insurance, Shah was associated with SBI General Insurance where he grew from the ranks of Vice President – Finance to the CFO of the company. During his tenure at SBI General Insurance, Shah saw the business expand from a Rs 2,000 crore book to approximately Rs 11,000 crore book.
A seasoned CA professional with two decades of experience, Shah 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, the statement added.
Regarding Shah’s appointment, Parag Raja, MD and CEO, Bharti AXA Life Insurance, commented in the statement, “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 its financial leadership in pursuit of its strategic goals.”
Shah, on his appointment, also said in the statement, “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, Shah has won several awards, including the Best CFO Award – Mid-corporate, BFSI by ICAI in 2019-20, the statement concluded.