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Bharti Enterprises appoints Rajesh Sud as Managing Director – Financial Services

New Delhi, August 13, 2019: Bharti Enterprises (“Bharti”), one of India’s leading business groups, today announced the appointment of Rajesh Sud as Managing Director – Financial Services. He will report to Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises.

Rajesh takes over from Soumen Ghosh (Sam) who successfully led and turned around the financial services business. In his new role, Rajesh will lead the Group’s financial services businesses (Bharti-AXA General Insurance and Bharti-AXA Life Insurance) and will also be on the Board of Airtel Payments Bank. In addition, he will guide the groups’ current and future interests in the financial services businesses.

Commenting on the appointment, Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises, said, “We are delighted to have Rajesh on board. I am confident that Rajesh’s vast experience and domain expertise in the financial services sector will add immense value to Bharti’s existing business. I wish Rajesh the very best in his new role and thank Sam for his efforts in growing the financial services business and wish him well for his future endeavours.”

Prior to joining Bharti, Rajesh was the Executive Vice Chairman and Managing Director at Max Life Insurance. Rajesh brings over 25 years of experience in the Indian Banking and Life Insurance industry. Under his leadership, Max Life underwent rapid transformation and grew to become the 4th largest private life insurer and the largest non-bank promoted private life insurance company in India.

In the past Rajesh also worked as the Managing Director & CEO of Esanda Finance India, a subsidiary company of ANZ Grindlays Bank and was the Head of Asset Finance at ANZ Grindlays Bank. Rajesh started his career at Bank of America and was a key member of the team that created a very successful Consumer Banking franchise in India and was an integral part of the team that transited that business to ABN Amro Bank, upon its sale in 1999.

Rajesh is a Post Graduate in Marketing and Finance from Faculty of Management Studies, Delhi University. He completed the Advanced Management Programme from Wharton Business School, University of Pennsylvania, Philadelphia, USA.