A seasoned professional with about three decades of experience across business leadership, organisational strategy, Finance, Operations, and Investor Relations, Prashant Tripathy has led Axis Max Life Insurance as the Chief Executive Officer and Managing Director since January 2019.

Prashant’s journey with Axis Max Life began in 2007 as Head of Strategy. In this role, he spearheaded strategic initiatives that significantly enhanced the company’s growth and profitability. His role extended to managing Investor Relations and Communications for Max Financial Services Ltd., the parent company of Axis Max Life Insurance, where he played a pivotal role in fortifying investor confidence and corporate transparency.

In his 17-year association with Axis Max Life, Prashant has also served as Chief Financial Officer (CFO), where he led Financial Management and Corporate Strategy for the organization. As CFO, Prashant was instrumental in positioning Axis Max Life Insurance as a premier private life insurance provider, adeptly navigating the company through complex regulatory landscapes and significant corporate actions. His business acumen has been crucial in driving the company’s expansion, growth, and strategic partnerships.

Under his leadership, Axis Max Life strengthened its partnership with Axis Bank which became a co-promoter in 2021. The company maintained steady growth, exiting FY24 with a 9.4% market share and Assets Under Management exceeding Rs. 1.5 lakh crores. A staunch believer of customer obsession, his commitment drove Axis Max Life to consistently achieve the industry’s highest Claims Paid Ratio, maintaining an Individual Death Claims Settlement Ratio of over 99% for the past five years.

Prashant has also been a passionate advocate for fostering a high-trust, high-performance culture, propelling Axis Max Life to consistently rank among India’s Best Workplaces. Under his vision, Axis Max Life received the prestigious ‘Laureate’ status from the Great Place to Work® (GPTW®) Institute, an exclusive honour given to organizations recognized for the 10th year in India’s ‘Best Companies to Work For’ list.

Before his tenure at Axis Max Life, Prashant garnered extensive international experience with GE and Genpact in India and the UK. His career foundation was laid at Tata Steel, Jamshedpur, where he oversaw steel plant operations, showcasing his operational expertise early on. A Quality Six Sigma Green Belt holder, Prashant’s academic credentials include a degree in Chemical Engineering from IIT Kharagpur and a Post Graduate in Management from IIM Bangalore.