IndiaFirst Life
Prasad Patkar is a seasoned professional in information security and IT management with extensive experience across multiple organizations. Currently serving as the Head of Information Security and Chief Information Security Officer (CISO) at IndiaFirst Life, Prasad has previously held notable positions including Head of IT Sector for the West Region at BSI, Deputy General Manager of Network and Security at Arshiya International, and Senior Manager of Security Practices at TataNet. Prasad's career also includes a role as Manager for the IT Strategic Business Unit at TUV SUD South Asia Pvt Ltd. Academically, Prasad holds a degree in Industrial Electronics from Terna Engineering College and a diploma in Computer and Networking Technology from APTECH Computer Education, both achieved between 1992 and 1995.
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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.