Sumit Madan, CDO and CEO designate, Axis Max Life Insurance
Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and operational rigour in high-growth and turnaround environments.
New Delhi: Sumit Madan, senior director and chief distribution officer, Axis Max Life Insurance has been appointed as the new MD and Chief Executive Officer of the company from October 1, 2025, subject to regulatory approvals.
Sumit will succeed Prashant Tripathy following his early retirement.
Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and operational rigour in high-growth and turnaround environments.
Rajiv Anand, chairman of Axis Max Life Insurance, commented, “ Sumit has a proven track record of scaling and transforming businesses, which will be invaluable as we continue to grow and innovate. At Axis Max Life, he has contributed significantly to our growth and success in FY25 with strategic foresight and leadership.
Sumit Madan, CDO and the CEO designate, stated, “Our achievements over the past year are a testament to our ambition to lead with purpose, scale with speed and strengthen our distribution engine with a relentless focus on execution excellence.”
At Citibank, he managed diverse portfolios across geographies and consistently delivered results in challenging markets, building a strong reputation for reviving underperforming business units by bringing strategic clarity, operational discipline, and people-focused leadership to complex, high-pressure situations.
At AU Small Finance Bank, he built the branch network from the ground up, played a pivotal role during its transformation from an NBFC to a scheduled small commercial bank and contributed significantly to the success of its IPO. At
Since joining Axis Max Life in as the CDO, Sumit has been instrumental in accelerating the company’s growth trajectory and advancing its strategic priorities.
Under Sumit’s leadership, Axis Max Life has not only sustained its growth momentum but also achieved key milestones, climbing to the #4 position in FY25 and entering the top three among private life insurers in the second half of the year.