Nilesh Garg, MD& CEO, Tata AIG General Insurance
It is not yet known who will succeed Garg at Tata AIG General Insurance.
During last one year, Rs three lakh trillion Indian general insurance industry has seen change of guards in many big companies
Mumbai: Nilesh Garg, MD& CEO, Tata AIG General Insurance, another long time Indian insurance industry veteran, has quit his company after heading it for over nine years.
Garg, who started his career as a banker in 1998 at Citifinancial Consumer Finance before shifting to general insurance industry, may start his own venture, industry sources said.
It is not yet known, who will succeed Garg at Tata AIG General Insurance, a joint venture between Tata Group and US major AIG.
Garg has been also playing an important role in developing the industry’s game changing move- Bima Sugam, an online marketplace for insurance in India that will allow users to buy, sell, and service insurance policies.
During last one year, Rs three lakh trillion Indian general insurance industry has seen change of guards in many big companies.
This includes Bhargava Dasgupta, from ICICI Lombard General Insurance, Ritesh Kumar, HDFC Ergo General Insurance, Roopam Asthana, Liberty General Insurance Industry, Kishore Kumar Poludasu SBI General Insurance.
Increased pressure
CEOs face more pressure than ever to perform, navigate complex issues, and meet shareholder expectations
Investor confidence
An abrupt or negative CEO departure can significantly shake investor confidence
Evolving business landscape
CEOs are facing challenges like inflation, supply chain disruptions, and environmental, social, and governance concerns
He is a Go getter & result oriented. Always sees opportunity in every situation. For him, every number is achievable target.
Wishing him a best of luck. Though it’s a loss for Tata Aig, he will definitely do something big for Indian general insurance industry
I second this.
Best wishes to Neelesh Bhai for whatever he aspires to do next.
It was a great journey with him being associated with TAGIC., will always cherish.
He is a great leader and visionary, yet a humble human.
Good Luck!!