PNB MetLife appoints Nilesh Kothari as Chief Financial Officer

Bangalore, August 9, 2023: PNB MetLife India, one of India’s leading life insurance companies, has appointed Nilesh Kothari as Chief Financial Officer, effective August 03, 2023.

In this role, Nilesh will be responsible for Business Planning, Financial Control, Investment middle and back office, Vendor Management, Tax and Investor Relations.

Nilesh is a Chartered Accountant and finance professional with more than 21 years of rich experience in the life insurance industry. He has led various departments in his previous roles including Strategy & Planning; Financial Planning and Analysis (FP&A); Procurement; Controllership; International Financial Reporting Standards (IFRS) & Insurance Accounting; and Investment Operations and Analytics. Previously, he was the Chief Financial Officer at Bharti AXA Life Insurance. Prior to Bharti AXA, he worked at SBI Life Insurance.

Nilesh’s appointment demonstrates PNB MetLife’s commitment to recruiting leaders with the top-notch expertise and shared purpose of protecting millions of families at every stage in life.

Ashish Srivastava, MD and CEO of PNB MetLife, said, “We are pleased to welcome Nilesh to the PNB MetLife team as the CFO. I am confident that his deep strategic expertise of managing and scaling finance functions at insurance companies would be an invaluable asset as we deliver our purpose to protect millions of families. With his strong track record of driving results and accelerating growth through strategic and effective leadership capabilities, he will help deliver long-term value to all our stakeholders and contribute to our continued growth.’’

Nilesh Kothari remarked, “I am honored to take on the role of Chief Financial Officer at PNB MetLife. The company’s deep-rooted market presence and commitment to excellence have already positioned it as a key player in the industry. I am excited to collaborate with the talented team at PNB MetLife to achieve our goals, enhance customer value, and foster sustainable growth.”

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife), one of the leading life insurance companies in India (Source – CRISIL), has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, Jammu & Kashmir Bank Limited (JKB), and other private investors, with MIHL and PNB being the majority shareholders.

For more information, follow us on Twitter @PNBMetLife1, www.facebook.com/PNBMetLife, or visit www.pnbmetlife.com.

The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks. PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore – 560001, Karnataka. IRDAI Registration number 117. CIN no. U66010KA2001PLC028883. Call us Toll-free at 1-800-425-6969. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex-1, Techniplex Complex, Opposite Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-4179020.