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by e4m Staff
Published: Mar 5, 2026 6:39 PM | 1 min read

The Pitch Madison Advertising Report 2026, PMAR 2026

Mahindra & Mahindra Ltd. (M&M) and Manulife announced the appointment of Suresh Agarwal as the MD & CEO designate of its proposed life insurance JV, subject to regulatory approvals. The agreement to establish a 50:50 life insurance JV was announced in November last year, underscoring the two companies’ commitment to enhancing the financial wellbeing of customers in one of the world's fastest-growing life insurance markets.

Agarwal has nearly 30 years of experience in life and general insurance, corporate, and retail lending. He spearheaded growth, executed transformative strategies, and built high-margin business models across multiple channels. Agarwal has spent significant part of his career in establishing and expanding Kotak‘s life insurance business, followed by his stint at Kotak General insurance, where he led the transition to form a joint venture between Kotak General Insurance Business and Zurich Insurance. He is recognised within the industry for his strategic foresight in multi-channel distribution, operational efficiency, governance, and high-impact execution, delivery of exceptional shareholder and customer value.

Agarwal has been part of the Mahindra Group as MD & Chief Executive Officer of Mahindra Insurance Brokers Limited since September 2025. He will step down from this position on April 30, 2026, and will take over his new role from May 01, 2026 subject to regulatory approvals.