Max Group has announced that its Vice Chairman Mohit Talwar, who is approaching retirement age, will relinquish his role as Vice Chairman, Max Group and Managing Director, Max India - the Group's holding company for its senior care business - effective January 15th, 2021.
He will also step off the Boards of Max Ventures & Industries and Antara during first quarter of calendar year 2021.
Talwar will continue, however, as the Managing Director of Max Financial Services Limited (MFSL), the listed parent company of Max Life, for another year. He will also remain on the Board of Max Life and Max India, as a Non-Executive Director.
During his tenure, Talwar has led multiple fronts such as effective alignment with Max Group's valued joint venture partners; progressing new business opportunities organically and inorganically; optimising capital management & treasury, and managing investors. He has successfully leveraged his strong relationships with institutional investors, hedge funds, banks, and private equity firms to play a central role in planning and has been the key person for complex corporate transactions across the Group.
The company has elevated Tara Singh Vachani, Executive Chairperson, Antara to the position of Vice Chairperson, Max India effective, while Rajit Mehta, CEO & MD, Antara, will be taking on the responsibility of Managing Director, Max India, from January 15th, 2021.
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