Care Health Insurance Limited (CHIL), a material subsidiary of Religare Enterprises Limited, has appointed Mr. Ajay Kumar Shah as its new Managing Director and CEO. Effective April 26, 2026, this appointment follows an internal succession plan and has received approval from the insurance regulator. Mr. Shah brings over 30 years of experience to the role, having played a key part in the company’s decade-long growth and operational success.
Leadership Transition at Care Health Insurance
Religare Enterprises Limited has announced the appointment of Mr. Ajay Kumar Shah as the Managing Director and CEO of its material subsidiary, Care Health Insurance Limited (CHIL). The appointment is set for a term of five years, commencing on April 26, 2026. This leadership change aligns with the internal succession planning framework established by the subsidiary.
Profile of the New CEO
Mr. Ajay Kumar Shah is a Chartered Accountant with an extensive career spanning more than 30 years in the insurance and financial services sectors. Over his 14-year tenure with CHIL, he has been a driving force behind the company’s robust internal control systems, risk management frameworks, and operational excellence.
Previously serving as the Chief Business Officer, Mr. Shah successfully led CHIL’s business verticals for a decade and its service functions for four years. Under his strategic guidance, the company witnessed a significant milestone, with its Gross Written Premium (GWP) growing more than thirtyfold over the past ten years. He is widely recognized for his ability to align risk management strategies with overall business growth, fostering a culture of accountability and high performance across the organization.
Source: BSE
