
IndusInd Promoter IIHL Appoints Al Maya Group’s Kamal Vachani To Its Board
IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank in India and IIHL Bank & Trust, Bahamas, has appointed Kamal Vachani, Partner of Dubai-based Al Maya Group, to its Board of Directors.
IIHL, headquartered in Mauritius, is promoted by the Hinduja Family along with several high-net-worth individuals (HNIs) from the Indian diaspora. Announcing the induction, Ashok P Hinduja, Chairman, IIHL, said that Kamal Vachani’s experience in the UAE and GCC would help represent shareholders in the region as IIHL expands its financial services footprint. IIHL has recently completed multiple acquisitions, including Reliance Capital Ltd., Reliance Nippon Life Insurance, Reliance General Insurance, and a 60% stake in Invesco Asset Management India.




