From mint · Anshika Kayastha · · 1m
Bajaj General Insurance Names Deepak Reddy as CEO-Designate
Bajaj General Insurance appoints Deepak Reddy, former Manappuram CEO, as CEO-designate effective April 2027.
In brief
Bajaj General Insurance appoints Deepak Reddy, former Manappuram CEO, as CEO-designate effective April 2027. Bajaj General Insurance named Deepak Reddy as CEO-designate effective 1 April 2027, following regulatory approval. Originally reported by mint.
Bajaj General Insurance Appoints CEO-Designate
Bajaj General Insurance approved Deepak Reddy as CEO-designate effective 1 January 2027.
Deepak Reddy's Tenure Timeline
Reddy will take charge as managing director and CEO from 1 April 2027, subject to regulatory approval.
Current CEO Transition
Incumbent CEO Dr. Tapan Singhel steps down on 31 march 2027 per Irdai's 15-year tenure rule.
Deepak Reddy's Background
Reddy has 3 decades of financial services experience including roles at Bajaj Finserv, American Express, and Standard Chartered Bank.
Recent Role at Manappuram
Reddy was Manappuram Finance CEO from 1 august 2026 but stepped down in july 2026 citing professional and personal reasons.
Bajaj Group Context
Bajaj General Insurance is a subsidiary of Bajaj Finserv with presence in 1,500 towns and cities across India.
The essence
Bajaj General Insurance named Deepak Reddy as CEO-designate effective 1 April 2027, following regulatory approval.
