Max India appoints Mohit Talwar as deputy managing director

Company Brief

Mumbai, February 15, 2012

In a move aimed at strengthening its professional management, the board of directors of Max India appointed Mohit Talwar as its deputy managing director and inducted him as an additional director on its board. Mohit was previously director - corporate development at Max India. He has been with the company for almost four years and has played a pivotal role in growing the business and transforming the Max India Group into a profitable, $1.7 billion enterprise. Mohit was also instrumental in Max Healthcare's recent stake sale to South Africa's Life Healthcare for Rs 516 crore. Mohit will continue to report to Rahul Khosla, managing director of Max India.

Commenting on Mohit's appointment, Rahul Khosla, MD of Max India, said, "Mohit is a valuable part of the leadership team and has demonstrated strong performance and commitment to the Group. I look forward to his vital support as the company's Deputy Managing Director, as we set about driving growth, creating a more efficient enterprise approach and delivering on our values of caring and service excellence."

As the deputy managing director, Talwar will play a significant role in shaping the future success of the Max India Group. This will include managing effective shareholder alignment, especially with Max India valued joint venture partners, progressing new business opportunities – both organically and inorganically, ensuring appropriate funding arrangements for the Group, optimizing Group capital management and Treasury, managing Investor and Analyst Relations and advising Management and Shareholders on Capital Market implications. In addition, Mohit will also drive revenue synergies across the Max India Group.

In his prior role, as the director corporate finance, Talwar successfully leveraged his strong relationships with institutional investors, hedge funds, banks and private equity firms, and led several complex Corporate Finance and financial structuring deals for the Max India Group to ensure adequate investment and liquidity for Max India's operations.

Mohit has a wealth of experience in corporate finance and investment banking. He spent 24 years in Wholesale Banking in Standard Chartered, ANZ Grindlays and Bank of Nova Scotia. Prior to this, he spent almost six years with the Oberoi Group. Mohit is a post graduate from St. Stephen's College and completed his management studies in Hospitality from the Oberoi School.

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Sameer Joshi

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