Latest news with #AnilWadhwani
The Sun
20-06-2025
- Business
- The Sun
Prudential plc CEO Expresses Strategic Commitment to India in Meeting with Union Finance Minister Nirmala Sitharaman
NEW DELHI, INDIA - Media OutReach Newswire - 20 June 2025 - Prudential plc ('Prudential') Chief Executive Officer, Anil Wadhwani, met yesterday with Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India, emphasising India's strategic importance to the UK FTSE100 insurer and asset manager operating across Asia and Africa. Prudential provides life insurance solutions in India through ICICI Prudential Life Insurance Company Limited, a preeminent life insurer and the first private insurance company listed in India. It also has a market-leading asset management presence via a separate joint venture with ICICI Bank, ICICI Prudential Asset Management Co. Ltd. Earlier this year, Prudential announced plans to establish a standalone health insurance joint venture with Vama Sundari Investments (Delhi) Private Limited, a promoter company of the HCL Group. During the meeting, Mr. Anil Wadhwani remarked: 'We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923. India is a core strategic market for Prudential. As the country advances towards its vision of 'Insurance for All' and continues to address the challenge of underinsurance, we see significant opportunities to bring our global expertise in protection, savings, and health solutions to serve the evolving needs of Indian consumers. Our long-standing connection with India, including our sponsorship of the historic 1983 Cricket World Cup, India's first World Cup victory, reflects our commitment to its growth and aspirations.' Highlighting health as a shared strategic priority, Mr. Wadhwani conveyed the company's commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage. This aligns with the Government of India's vision of 'Insurance for All by 2047'. India is not only a key strategic insurance market but also an incredible source of talent. Prudential recently launched a Global Capability Centre in Bengaluru. This strategic hub serves as a global centre for technology, AI, data analytics, cybersecurity, and innovation. Concluding the meeting, Mr. Wadhwani said: 'India's economic progress over the past decade has been remarkable. With sustained capital investment in infrastructure and proactive government economic measures to stimulate growth, we remain excited about India's long term growth prospects. We look forward to continuing our constructive collaboration with the Indian government to support its development goals and to build enduring insurance and technology businesses.' During the visit, Mr. Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister's Office.
Zawya
20-06-2025
- Business
- Zawya
Prudential plc CEO Expresses Strategic Commitment to India in Meeting with Union Finance Minister Nirmala Sitharaman
Anil Wadhwani highlights Prudential's historic ties, its proposed new health insurance joint venture partnership with the HCL Group, existing joint venture partnership with ICICI, Prudential's Global Capability Centre, and alignment with India's 'Insurance for All by 2047' vision NEW DELHI, INDIA - Media OutReach Newswire - 20 June 2025 - Prudential plc ("Prudential") Chief Executive Officer, Anil Wadhwani, met yesterday with Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India, emphasising India's strategic importance to the UK FTSE100 insurer and asset manager operating across Asia and Africa. Prudential provides life insurance solutions in India through ICICI Prudential Life Insurance Company Limited, a preeminent life insurer and the first private insurance company listed in India. It also has a market-leading asset management presence via a separate joint venture with ICICI Bank, ICICI Prudential Asset Management Co. Ltd. Earlier this year, Prudential announced plans to establish a standalone health insurance joint venture with Vama Sundari Investments (Delhi) Private Limited, a promoter company of the HCL Group. During the meeting, Mr. Anil Wadhwani remarked: "We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923. India is a core strategic market for Prudential. As the country advances towards its vision of 'Insurance for All' and continues to address the challenge of underinsurance, we see significant opportunities to bring our global expertise in protection, savings, and health solutions to serve the evolving needs of Indian consumers. Our long-standing connection with India, including our sponsorship of the historic 1983 Cricket World Cup, India's first World Cup victory, reflects our commitment to its growth and aspirations." Highlighting health as a shared strategic priority, Mr. Wadhwani conveyed the company's commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage. This aligns with the Government of India's vision of "Insurance for All by 2047". India is not only a key strategic insurance market but also an incredible source of talent. Prudential recently launched a Global Capability Centre in Bengaluru. This strategic hub serves as a global centre for technology, AI, data analytics, cybersecurity, and innovation. Concluding the meeting, Mr. Wadhwani said: "India's economic progress over the past decade has been remarkable. With sustained capital investment in infrastructure and proactive government economic measures to stimulate growth, we remain excited about India's long term growth prospects. We look forward to continuing our constructive collaboration with the Indian government to support its development goals and to build enduring insurance and technology businesses." During the visit, Mr. Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister's Office. On X: Hashtag: #Insurance #Business #Prudential The issuer is solely responsible for the content of this announcement. Background on Prudential in India Prudential has over 100 years of history in India. It has offered life insurance solutions in India since the 2001 establishment of ICICI Prudential Life Insurance Company Limited, a joint venture with ICICI Bank, and it has consistently been amongst the top companies in the Indian life insurance sector. ICICI Prudential Life is also the first insurance company in India to be listed on both the National Stock Exchange and Bombay Stock Exchange. Prudential also has a longstanding partnership with ICICI in ICICI Prudential Asset Management Company, one of India's largest asset management firms, through its asset management business Eastspring Investments. Prudential proudly sponsored the historic 1983 Cricket World Cup, a landmark moment when India lifted the trophy and inspired generations. About Prudential plc Prudential plc (UK) provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. Prudential plc (UK) is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. Prudential plc
Malay Mail
20-06-2025
- Business
- Malay Mail
Prudential plc CEO Expresses Strategic Commitment to India in Meeting with Union Finance Minister Nirmala Sitharaman
Anil Wadhwani highlights Prudential's historic ties, its proposed new health insurance joint venture partnership with the HCL Group, existing joint venture partnership with ICICI, Prudential's Global Capability Centre, and alignment with India's 'Insurance for All by 2047' vision Centre Left: Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India; Centre Right: Anil Wadhwani, Chief Executive Officer, Prudential plc NEW DELHI, INDIA - Media OutReach Newswire - 20 June 2025 - Prudential plc ("Prudential") Chief Executive Officer, Anil Wadhwani, met yesterday with Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India, emphasising India's strategic importance to the UK FTSE100 insurer and asset manager operating across Asia and provides life insurance solutions in India through ICICI Prudential Life Insurance Company Limited, a preeminent life insurer and the first private insurance company listed in India. It also has a market-leading asset management presence via a separate joint venture with ICICI Bank, ICICI Prudential Asset Management Co. Ltd. Earlier this year, Prudential announced plans to establish a standalone health insurance joint venture with Vama Sundari Investments (Delhi) Private Limited, a promoter company of the HCL the meeting,remarked: "We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923. India is a core strategic market for Prudential. As the country advances towards its vision of 'Insurance for All' and continues to address the challenge of underinsurance, we see significant opportunities to bring our global expertise in protection, savings, and health solutions to serve the evolving needs of Indian consumers. Our long-standing connection with India, including our sponsorship of the historic 1983 Cricket World Cup, India's first World Cup victory, reflects our commitment to its growth and aspirations."Highlighting health as a shared strategic priority,conveyed the company's commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage. This aligns with the Government of India's vision of "Insurance for All by 2047".India is not only a key strategic insurance market but also an incredible source of talent. Prudential recently launched a Global Capability Centre in Bengaluru. This strategic hub serves as a global centre for technology, AI, data analytics, cybersecurity, and the meeting,said: "India's economic progress over the past decade has been remarkable. With sustained capital investment in infrastructure and proactive government economic measures to stimulate growth, we remain excited about India's long term growth prospects. We look forward to continuing our constructive collaboration with the Indian government to support its development goals and to build enduring insurance and technology businesses."During the visit, Mr. Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister's X: Hashtag: #Insurance #Business #Prudential The issuer is solely responsible for the content of this announcement. Background on Prudential in India Prudential has over 100 years of history in India. It has offered life insurance solutions in India since the 2001 establishment of ICICI Prudential Life Insurance Company Limited, a joint venture with ICICI Bank, and it has consistently been amongst the top companies in the Indian life insurance sector. ICICI Prudential Life is also the first insurance company in India to be listed on both the National Stock Exchange and Bombay Stock Exchange. Prudential also has a longstanding partnership with ICICI in ICICI Prudential Asset Management Company, one of India's largest asset management firms, through its asset management business Eastspring Investments. Prudential proudly sponsored the historic 1983 Cricket World Cup, a landmark moment when India lifted the trophy and inspired generations. About Prudential plc Prudential plc (UK) provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. Prudential plc (UK) is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.
Business Times
18-06-2025
- Business
- Business Times
Prudential Singapore commits S$880,000 to support vulnerable families and sustainability efforts
[SINGAPORE] Prudential Singapore will commit a sum of S$880,000 to celebrate Singapore's 60th birthday this year, as well as the insurer's move of its office to Labrador Tower. In a news release on Wednesday (Jun 18), Prudential said the investment will go towards distributing hampers to over 1,100 ComLink+ families residing in the vicinity of the new office. These hampers include items such as hygiene and household cleaning items. There will also be a cash donation to the Prudential Longevity Pledge, a fundraising programme established in partnership with Community Chest in 2021 to support vulnerable groups in the community. The donation will go towards the Healthy with KidSTART programme, which was launched in 2020 as a collaboration between Prudential and KidSTART to promote healthy eating habits among children aged six and under. The investment will also help establish community edible gardens with the launch of a new initiative called Healthy Harvest later in the year. Prudential said these gardens serve as social green spaces, encouraging sustainable gardening activities and healthy eating through the distribution of fresh produce grown there. 'As Singapore marks its 60th year of independence and Prudential moves to its new office at Labrador Tower, we want to celebrate by investing in the wellbeing of our community,' said Prudential Singapore chief executive officer Chan San San. The move to the new office was completed in May this year. Located along Pasir Panjang Road, the company occupies over 170,000 square feet and eight-and-a-half floors to house 1,200 employees and 5,400 financial representatives. An event was held on Tuesday to open the office, where chief executive officer Anil Wadhwani and representatives from the insurer's key business partners and community partners were in attendance.
Mint
22-05-2025
- Business
- Mint
Tata Digital CEO Naveen Tahilyani steps down to join Prudential Plc
Naveen Tahilyani has resigned as chief executive officer and managing director of Tata Digital after a brief one-year stint, following efforts to scale the firm's super-app model that has seen sluggish growth. Tahilyani will join UK-based asset management firm Prudential Plc as the regional CEO for India, Africa, Cambodia, Laos, and Myanmar, with additional responsibility of the health vertical, the firm said in a statement on Thursday. Tahilyani will join Prudential's business and group executive committee on 29 July, reporting to Prudential's CEO Anil Wadhwani, and will be based in India. Tahilyani's departure raises fresh challenges for Tata Digital. Since Tata Digital was founded in 2019, parent Tata Sons, under chairman Natarajan Chandrasekaran, has invested over ₹ 18,000 crore in buying companies like BigBasket and 1MG to build a super-app business. But it has remained a pipe dream. Tata Digital's balance sheet remains far from healthy. In the year ended March 2024, its revenue almost doubled to ₹ 421 crore, while its losses narrowed from ₹ 1,370 crore in FY23 to ₹ 1,201 crore. The CEO's departure comes at a crucial juncture for Tata Digital that has been trying to revive its super-app dreams through Neu, set up in April 2022. It is now banking on quick commerce to take on Swiggy Instamart, Zomato-owned Blinkit and Zepto. The firm has also seen a host of top-level exits in recent years, with the firm's president Mukesh Bansal stepping away from daily operations in early 2023. Tahilyani replaced Pratik Pal as CEO of Tata Digital in February 2024 who served for over five years. Tata Group's ambitious super-app Neu was crucial for the conglomerate as it looked to beat rival firms Adani and Reliance on its digital strategy. Mint reported in 2023 that the super-app is expected to meet just half of the sales target in its debut year, which forced the sprawling Indian corporate to review its digital strategy. Tahilyani was earlier the MD and CEO of Tata AIA for seven years across two separate stints, with a period in between leading AIA's Group Partnership Distribution business across Asia. Prior to his insurance career, he spent 17 years in McKinsey advising banks and insurance companies in Asia. Commenting on Naveen's appointment, Prudential Plc's CEO Anil Wadhwani said, 'Continuing to build our Health pillar, and driving growth across India, Africa, the Philippines, as well as Cambodia, Laos and Myanmar are strategic gamechangers for Prudential. I am confident Naveen is the right leader in the right location to deliver the impact we need.'
