Nippon Life India Asset Management has approved the reappointment of Ashvin Parekh as an Independent Director for a second five-year term, effective from August 1, 2025. This decision is pending shareholder approval at the upcoming Annual General Meeting (AGM) and follows a recommendation from the Nomination and Remuneration Committee.

Professional Background

Ashvin Parekh is a qualified Chartered Accountant and has been instrumental in the financial services sector. In June 2013, he established Ashvin Parekh Advisory Services LLP, which focuses on advisory services for boards and management within financial services firms.

Prior to this venture, Parekh retired as a Senior Partner from Ernst & Young (EY) in June 2013, where he had a notable eight-year tenure. His previous roles include serving as Executive Director at Deloitte Touche Tohmatsu India Pvt. Ltd. from July 2002 to June 2005, and he has held senior positions at other esteemed firms, such as:

• Arthur Andersen
• PricewaterhouseCoopers
• KPMG in India, UK, and Dubai
• Hindustan Lever Ltd.

Expertise and Affiliations

Parekh is recognized as an expert in the financial services sector and is registered with both the World Bank and the Asian Development Bank, underlining his credibility and influence in the industry.