Chennai, 28th May 2025: Royal Sundaram General
Insurance Co. Limited is happy to announce the appointment of Mr. Vedanarayanan
Seshadri (Veda) as the Managing Director starting 28th May 2025.
Veda, brings over 30 years of BFSI sector experience,
including 15 years in insurance leadership roles. His expertise includes
insurance distribution, driving profitable growth, and digital transformation
enabled customer experience improvements. He holds degrees in engineering,
marketing, finance, and an advanced management programme from INSEAD, France.
Commenting on the development, Mr Harsha Viji, Executive
Vice-Chairman, Sundaram Finance said, "Veda brings over 30 years
of experience in the BFSI sector, including senior roles in life and general
insurance. His deep understanding of the insurance market, customer
preferences, and leadership skills will benefit him in this new role. Given the
evolving insurance landscape and digital advancements, Veda is well-placed to
lead Royal Sundaram's growth."
Commenting on his appointment, Mr. Vedanarayanan Seshadri
stated, "I am honoured to lead Royal Sundaram into its next
phase. Royal Sundaram is renowned for its values, professionalism, and
customer-centric approach. I am confident that, with the dedicated team and the
unwavering support from the board and stakeholders, we will achieve substantial
growth while preserving our fundamental principles."
About Royal Sundaram
Royal Sundaram General Insurance Co. Limited became
India’s first private sector general insurance company to be licensed by the
IRDAI in October 2000. The company is promoted by Sundaram Finance Limited, one
of India’s most respected Non-Banking Financial Companies (NBFCs). In February
2019, it partnered with Ageas Insurance International N.V., a global insurance
group based in Belgium, which acquired a 40% equity stake in Royal Sundaram.
Following this transaction, Sundaram Finance holds 50%, Ageas Insurance holds
40%, and the remaining 10% is held by other Indian shareholders.
Royal Sundaram offers a comprehensive suite of general
insurance solutions across motor, health, personal accident, corporate, and
home insurance segments. The company continues to invest in a strong service
infrastructure, leveraging both agent-led and digital distribution networks.
Today, Royal Sundaram is a truly pan-India, multi-platform "phygital"
insurer with a presence across diverse markets, enabled by an extensive
distribution ecosystem.
At Royal Sundaram, every product and service is built with a
deep understanding of the customers’ needs, ensuring a seamless, transparent,
and hassle-free insurance experience. From easy policy issuance to swift claim
settlements, the company remains committed to delivering a customer-first
experience, keeping the satisfaction and well-being of its clients at the heart
of everything it does. For more information, visit www.royalsundaram.in