
Sumit Madan To Succeed Prashant Tripathy As MD & CEO Of Axis Max Life
Max Financial Services has approved the appointment of Sumit Madan as the next Managing Director and Chief Executive Officer (MD & CEO) of Axis Max Life Insurance, effective October 1, 2025. He will replace Prashant Tripathy, who has opted for early retirement effective September 30, 2025.
Previously, Madan has held several leadership positions, like President and Chief of Branch Banking at AU Small Finance Bank. He also served as Head of Branch Banking at IDFC First Bank and Senior Vice President at Citibank. He holds a bachelor’s degree in commerce from Delhi University. With over two decades of experience across FMCG, banking, and insurance, Sumit Madan brings a deep understanding of diverse sectors and consumer behaviours across geographies.