Big Moves: IndiaFirst Life Insurance, Kaff

IndiaFirst Life Insurance appoints Rushabh Gandhi as its MD and CEO

IndiaFirst Life Insurance has informed NSE that R.M. Vishakha, MD & CEO will superannuate from the services of the company on June 30, 2024.

Further, the board has, based on the recommendation of the Nomination and Remuneration Committee (NRC), inter-alia, approved the appointment of Rushabh Gandhi, presently deputy CEO of the company, as the MD and CEO for a period of five consecutive years with effect from July 1, 2024, or the date of regulatory approval(s), whichever is later.

The release states, "The matter is subject to the approval of Insurance Regulatory and Development Authority of India (IRDAI), shareholders, and such other statutory approvals, as may be applicable. The necessary intimation about the exact date of appointment of Rushabh Gandhi will be filed with exchange on receipt of requisite approvals."

The board of directors of IndiaFirst Life has placed on record its heartfelt appreciation to R.M. Vishakha for her invaluable contributions to IndiaFirst Life. 

The Board welcomes Rushabh Gandhi as the new MD and CEO, which marks a new chapter for the company and aligns perfectly with the company's succession planning. Having worked alongside R.M. Vishakha since 2015, Rushabh Gandhi brings a wealth of experience to IndiaFirst Life in driving growth and profitability. This experience is complemented by his strategic vision that resonates with the core values of IndiaFirst Life. 

Gandhi is a financial services industry leader with over 29 years of experience across national and international markets. 

Kaff India Welcomes Shital Gupta as new CEO

Kaff India has named Shital Gupta as its new Chief Executive Officer (CEO). With a career spanning over three decades, Gupta brings a wealth of experience and a proven track record of success to his new role.

Before joining Kaff India, Gupta held key leadership positions at Samsung, LG, Videocon, Dish TV Godrej and BPL. His extensive experience in leading renowned organisations highlights his exceptional leadership capabilities and strategic acumen.

Expressing his enthusiasm about the appointment, Kaff India's Managing Director, Deepak Anand, comments, "We are pleased to welcome Mr. Gupta to the KAFF family. With his distinguished career and remarkable achievements, we are certain that he will lead our organisation into its next phase of growth.

Gupta states, "I am honoured and excited to assume the role of CEO at KAFF India. It is a privilege to be entrusted with this responsibility, and I am committed to leveraging my experience and expertise to contribute to the overall success and expansion of the organisation along with the channel expansion. I look forward to working closely with the talented team at KAFF to achieve our shared vision and objectives.”

Gupta's appointment comes at a pivotal time for Kaff India as the company continues to innovate and expand its presence in the market. With his strategic leadership and deep industry knowledge, Kaff India is poised to achieve new milestones and solidify its position as a leader in the kitchen appliances sector.