Kedar Patki, CFO, IndiaFirst Life Insurance Corporation, Ensuring Financial Fitness
Kedar Patki’s extensive career spanning over two decades comes with a demonstrated experience of working in the insurance industry. Currently the chief financial officer of IndiaFirst Life Insurance Corporation, Patki has spent the majority of his professional journey in finance and operations, both in India and the overseas markets with a specialisation in planning and budgeting, strategy, accounting, tax, management, offshoring, and insurance
In his association with IndiaFirst Life since 2019, Patki and his team have established a successful and scalable operating model, steering the insurer towards success. His in-depth knowledge of insurance and financial services helped streamline the finance function with the organisation’s vision and business strategies.
Under Patki’s leadership, IndiaFirst Life was one of the fastest-growing private life
insurers in FY 2022-23, achieving a 27 per cent year-over-year (YoY) growth rate, even amid challenging times such as the Covid-19 pandemic.
Patki ensured that even after the pandemic, the company continued to make provisions for its employee base and ensured that impacted families’ financial needs are partially taken care of.
Besides, Patki also strategically optimised the product mix and spearheaded the company’s strategic journey towards potential listing and enhanced corporate citizenship through robust governance standards.
Patki played a pivotal role in successfully introducing and executing derivative instruments to facilitate substantial insurance business expansion, particularly in non-participating products.