IndiaFirst Life
Alok Baadkar is an experienced equity fund manager with a career spanning over a decade in the finance sector. Currently at IndiaFirst Life since October 2011, Alok has held positions including Equity Fund Manager and Assistant Fund Manager - Equity, focusing on equity fund management and buy-side equity research. Prior to this, Alok served as a Manager - Prop Equity at STCI Primary Dealer Ltd, managing equities cash and derivatives portfolios. Earlier experience includes roles as a Research Analyst and Trader at two different firms. Educational qualifications include a PGDBM in Business Administration from NMIMS, a PGDSM in Finance from the National Institute of Securities Markets, and a Bachelor of Management Studies in Finance from the University of Mumbai.
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IndiaFirst Life
IndiaFirst Life, the 22nd entrant in the Indian life insurance industry, launched its operations in November 2009. IndiaFirst Life is promoted by two large public-sector banks, Bank of Baroda (65% stake) and Union Bank of India (9% stake). Their footprint and experience offered by these entities continue to fortify the value proposition it offers to all stakeholders. Carmel Point Investments India Private Limited incorporated by Carmel Point Investment Ltd, a body corporate incorporated under the laws of Mauritius and owned by private equity funds managed by Warburg Pincus LLC also holds 26% stake in IndiaFirst Life. Declaring its maiden profits in FY 2014-15, IndiaFirst Life is amongst few Life Insurance companies in India to break-even within five years since inception. IndiaFirst Life’s footprint today, extends to over 1000 cities and towns pan-India, through over 12,000 points of sale. IndiaFirst Life’s competitive advantage is its new-age intuitiveness that delivers value through state-of-the-art digitalisation initiatives across its complete value chain, that stems from the company’s “CustomerFirst” ideology.