Leadership Change Ahead as Axis Max Life CEO Prashant Tripathy Announces Exit

Wishing Mr. Prashant Tripathy new horizons, meaningful opportunities, and great success in their future endeavors!

A significant chapter at Axis Max Life Insurance is set to conclude, with Managing Director and CEO Prashant Tripathy announcing his decision to retire from his leadership role, effective 30 September 2025. Having joined the company in 2007 and served as CEO for the past six years, Tripathy will step away to focus on his personal priorities and pursuits.

The news was shared through an official company statement filed on Wednesday. The company said, “Prashant Tripathy has conveyed his wish to retire from the position of Managing Director and Chief Executive Officer, effective September 30, 2025, to devote time to personal pursuits and priorities.” His decision was reviewed and endorsed by the Nomination and Remuneration Committee and approved by the Board of Directors in meetings held earlier the same day.

The board has now launched the process of identifying a new leader to steer the organisation into its next phase. The final appointment will be made after securing all necessary regulatory approvals, in line with Axis Max Life’s governance policies and industry norms.

Tripathy’s tenure has been a journey of resilience, foresight and transformation. Under his stewardship, Axis Max Life Insurance, a joint venture between Axis Bank and Max Financial Services, navigated a dynamic and competitive insurance market. His strategic direction played a vital role in business expansion and customer-focused innovation, strengthening the company’s position in India’s fast-evolving life insurance sector.

His influence, however, goes beyond just performance numbers. Tripathy has been a quiet architect of change, guiding the company through evolving customer needs, regulatory developments and an increasingly digital world.

With his departure, the organisation enters a transitional phase, preparing to welcome a new leader while celebrating the legacy of a man who helped shape its identity for nearly two decades.

The search for a worthy successor has already begun, with the focus on maintaining continuity, upholding the company’s values, and continuing the legacy of steady growth and innovation that Tripathy leaves behind.

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