Mr. SANJIV CHADHA - Chairman



Shri. Sanjiv Chadha has been appointed as Managing Director and CEO of Bank of Baroda with effect from January 20, 2020. Shri Sanjiv Chadha has over 33 years’ experience in Banking having started his career with State Bank of India (SBI)  in 1987.

Prior to joining Bank of Baroda, Shri Sanjiv Chadha was working as Dy. Managing Director, SBI and Managing Director & CEO of SBI Capital Markets Ltd., the Merchant and Investment Banking arm of SBI.

He served in various geographical locations of SBI spread across different circles and abroad. Some of his previous assignments includes Executive Secretary to the Chairman of the SBI Group. He has worked in SBI’s Los Angeles Office and was also UK Regional Head.

His areas of specialism include Retail Banking, Corporate Finance, Investment Banking, Mergers & Acquisitions, Structured Finance and Private Equity.




Mr. Khichi is a B.Sc. and MBA (Finance and Marketing), with professional qualifications from CAIIB and Associate in Life Insurance.

Prior to joining Bank of Baroda, he was working as a Field General Manager (Gujarat Operations) in Dena Bank.

He joined Dena Bank as a Probationary Officer in December 1985, gradually climbed up the ladder and got promoted as a Field General Manager (Gujarat Operations) in May 2015

He inculcated a blend of operational experience at field level and planning/policy formulation at Controlling Office during the tenure of 33 years in Dena Bank by serving in varying capacities. During his tenure, he acquired enriching experiences across key departments such as Retail Banking, Marketing (New Initiative & Product Development), Merchant Banking, Recovery Management, Overseas Business Center etc.

He demonstrated leadership qualities while discharging his duty as a Convenor of State Level Bankers' Committee, Gujarat and collaborated efforts with senior State Govt. officials, top executives from RBI and various Banks, Insurances companies and different organisations in executing numerous financial inclusion initiatives of the Govt. in Gujarat.

Mr. RAMESH S. SINGH - Director



Shri Ramesh S. Singh has been appointed to the Board of Directors of IndiaFirst Life Insurance on behalf of Union Bank of India. He is a Certified Associate of the Indian Institute of Banking & Finance (CAIIB) and has served in several managerial roles in the Banking Industry.

Shri Ramesh S. Singh has previously held the position of Executive Director at Dena Bank, Mumbai, till 2019. Prior to this, he served as a General Manager at Central Bank of India where he handled International Business as well as Investment and Treasury for their Mumbai headquarters while also being responsible for Business Development in Bhopal.

Before transitioning to General Manager at Central Bank of India, Shri Ramesh S. Singh also served as Deputy General Manager from 2010 to 2013 and as Assistant General Manager from 2008 to 2010. Additionally, he is also a member of an expert internal advisory committee in LIC India.




Mr. Ostawal joined Warburg Pincus in 2007 and since then has been working with the firm's Indian affiliate. He is involved with the firm's Investment Advisory activities in India and evaluates opportunities in Financial Services and Healthcare sectors in India.

Prior to joining Warburg Pincus, Mr. Ostawal was an Associate with 3i India and McKinsey & Company.

He is a Director of Laurus Labs Limited, AU Small Finance Bank Limited, D B Power & Group Companies, Computer Age Management Services Pvt. Ltd., Sterling Software Private Limited and Fusion Microfinance Private Limited.

Mr. Ostawal holds a Chartered Accountancy degree from The Institute of Chartered Accountants of India and an M.B.A. from The Indian Institute of Management, Bangalore.




Joydeep Dutta Roy, a career Banker for around 25 years, is currently the Chief General Manager – MD’s Office, Subsidiaries and Joint Ventures at Bank of Baroda, one of India’s premier public sector Banks.

Having joined Bank of Baroda as an HR specialist, he has handled a variety of HR functions in the Bank, across levels and has been instrumental in spearheading many marquee HR projects and initiatives for the Bank. Joydeep had successfully initiated and implemented various Business projects for the Bank viz. Business Process Reengineering Project, Project Navnirmaan, Project Udaan, a comprehensive HR Transformation Project called SPARSH, etc.

He has also had very successful stints as the Regional Head of Bank’s Dehradun and Bareilly Regions.

Joydeep holds an Honours degree in Economics from Delhi University, besides being a law graduate and an MBA in HR from the Narsee Monjee Institute of Management Studies in Mumbai. He is also a certified assessor for the Confederation of Indian Industry (CII)’s annual HR Excellence Awards.

Mr. ALOK VAJPEYI - Independent Director


Independent Director

Mr. Vajpeyi, a Chartered Accountant from Ernst & Whinney-London, currently acts as an External Adviser to DIT (UK Government) in India on FinTech. He is also the Chairman of AV Advisory and Director of Digital Gold India, a JV between Invent Capital and the World Gold Council.

In 2005, Mr. Vajpeyi founded Dawnay Day AV as a leading wide ranging financial services player in India, and was the company’s Vice Chairman. He successfully sold the business in 2009, with rigorous non-compete clauses into 2010.

In his long spanning career, Mr. Vajpeyi has worked closely with regulators to introduce and implement best practices in the Mutual Fund industry and has held responsible positions such as Member of the Securities Markets Infrastructure Leveraging Expert Task Force, at Securities Exchange Board of India (SEBI) and Director on the Board of AMFI. He has worked with SEBI, stock exchanges, and industry bodies across various capital market issues.

Since 2012, Mr. Vajpeyi continues to be a serial entrepreneur and venture investor involved as an Investor, Advisor and Board Director across a diverse set of companies.

Mr. ARUN CHOGLE - Independent Director


Independent Director

Mr. Chogle, a veteran FMCG Professional with a strong customer and marketing orientation, runs his own Brand Advisory and Strategic Consulting Practice in the consumer & Retail space with clients across SMEs, large Indian companies and MNCs.

Prior to his consulting practice, he had a varied and successful marketing career internationally and in India, spanning over 30 years. He has worked in senior leadership positions in general management and consumer marketing with two of the finest companies in their peer groups- Procter & Gamble and British American.

He is currently the advisor and management consultant specializing in Retail and Consumer Products Industry with clients like Nielsen and other organisations .

Mr. NATARAJAN SRINIVASAN - Independent Director


Independent Director

N Srinivasan aged 61 years, is a commerce graduate and a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He has more than 35 years of Corporate work experience spanning across finance, legal, Projects and General Management functions.

While he started his career with BHEL, his last 15 years of service has been with the Murugappa Group a Chennai based industrial conglomerate, where he held several senior positions such as Member/Director of Murugappa Corporate Board, Group Finance Director of Murugappa Group, Lead Director financial services business (NBFC and General Insurance businesses), Executive Vice Chairman and Managing Director of Cholamandalam Investments and Finance Company Ltd.

He also served the Boards of Tube Investments of India Ltd, Cholamandalam MS General Insurance Ltd, and TI Financial holdings Ltd. He retired from service in November 2018

The Government of India appointed him to the Board of Infrastructure & Leasing Financial Services Ltd and he has been also been inducted to the Boards of following ILFS companies viz. ILFS Financial services Ltd, ILFS Tamil Nadu Power company Ltd, Tamil Nadu Water Investment company Limited and New Tirupur area development corporation Ltd.

Besides, he is also an Independent Director on the Board of Godrej Agrovet Limited.

Mr. K. S. GOPALAKRISHNAN - Independent Director


Independent Director

In a vibrant career spanning 35-years, Mr. K.S. Gopalakrishnan has held leadership roles as CEO/CFO/Actuary in Life Insurance and CEO in Reinsurance.

Rising from the ranks as an Actuarial Apprentice in LIC of India at the start of his career to leadership positions for insurance companies such as Aditya Birla Sun Life Insurance Company, Bharti AXA Life Insurance Company and Aegon Life Insurance Company, Mr. Gopalakrishnan’s career trajectory displays his firm grasp in the areas of finance, actuarial, pricing, product design, regulations, underwriting, claims, as well as governance, and Board and shareholder concerns. After completing a successful stint as CEO for India business at RGA Reinsurance Company, Mr. Gopalakrishnan continues to be a consultant and advisor in a wider insurance ecosystem. He has been a key contributor in industry pioneering unit linked products, online term insurance products and various customer oriented initiatives.

Mr. Gopalakrishnan holds a graduate degree in Mathematics from Vivekananda College in Chennai and is an Actuary from the actuarial bodies of India, the UK, and Canada. He has completed courses in strategy and digital technology from premiere international institutes such as Duke University, Stanford University, MIT and INSEAD. He has been a member of several committees in the Indian insurance industry and IRDAI. He is currently an elected member of the Council of the Institute of Actuaries of India.




RM Vishakha has helmed IndiaFirst Life as its MD & CEO since March 2015. Under her strong leadership, the company has recorded a significant growth rate and steadily risen in industry ranking. Leading from the front, Vishakha spearheaded the seamless transition of shareholding from former partner, Legal and General to Warburg Pincus.

Vishakha has ranked among the Top 50 of Fortune India’s ‘Most Powerful Women’ in business three times in a row (2017, 2018 and 2019). She has also been bestowed with ‘Most Influential Woman’ by the Business World magazine. Recognising her achievements, ICAI bestowed Vishakha with the prestigious award of CA Business Leader – Women (2017). Vishakha has been enlisted as a trailblazer amongst contemporaries across industries by prestigious publications such as Forbes India and Business Today.

A thought leader, Vishakha co-chairs the Pension and Insurance committee of CII. She is also an esteemed member of National Council on Insurance (ASSOCHAM), a committee member of FICCI, and a Charter Member of Exqualifi by AIWMI. She is an independent Director on the board of NRB Bearings Private Limited. She also has been on the executive committee of Life Insurance Council.

Vishakha continues to guide and mentor the upcoming generation of thinkers and leaders. Some of her prestigious mentorship associations include International Insurance Society (IIS) Mentor program, WWB Leadership and Diversity for Innovation Program, RGA Leaders for Tomorrow and WILL Forum.

A Chartered Accountant equipped with a Post Graduate Diploma in Computer Systems, Vishakha is also a Fellow of the Insurance Institute of India.