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Suresh Agarwal named MD and CEO designate of Mahindra-Manulife JV
Industry veteran to steer new 50:50 venture in India’s growing life cover market
MUMBAI: Mahindra & Mahindra Ltd. and Manulife have named Suresh Agarwal as the managing director and chief executive officer designate of their proposed life insurance joint venture, subject to regulatory approvals.
The 50:50 partnership, first announced in November last year, marks Mahindra’s formal entry into the life insurance arena. With Agarwal at the helm, the venture is looking to blend rural reach with global insurance expertise in what is one of the world’s fastest-growing life cover markets.
Agarwal brings close to three decades of experience spanning life and general insurance, as well as corporate and retail lending. He played a pivotal role in building and scaling Kotak’s life insurance business and later led the transformation of Kotak General Insurance, including its joint venture formation with Zurich Insurance. Known for his sharp eye on multi-channel distribution, governance and operational efficiency, he has built a reputation for pairing ambition with execution.
Currently serving as managing director and chief executive officer of Mahindra Insurance Brokers Limited since September 2025, Agarwal will step down from that role on 30 April 2026 and assume his new responsibilities from 1 May 2026, subject to regulatory clearances.
The joint venture aims to offer long-term savings and protection products tailored to India’s diverse and evolving needs. The idea is simple but powerful: combine Mahindra’s strong presence in rural and semi-urban India with Manulife’s global capabilities in agency building, product development and underwriting, particularly for urban customers.
Mahindra Group executive vice president and member of the group executive board Puneet Renjhen, described life insurance as a key pillar in India’s push towards deeper financial inclusion. He said the partnership, backed by Mahindra’s trusted brand and governance standards along with Manulife’s global expertise, is well placed to build a customer-focused franchise. With Agarwal’s appointment, he added, the business is set to scale with discipline and long-term value creation at its core.
Manulife chief marketing officer for Asia and principal officer for the proposed insurance JV Harshal Shah, called India one of the most compelling long-term opportunities in global life insurance. He said the company had been deliberate in choosing both the timing and the partner for its India entry. The ambition, he noted, is to become the first choice for customers through a digital-first approach and solutions tailored to varied protection needs.
With leadership now in place, the Mahindra-Manulife venture is gearing up to turn intent into action, bringing fresh competition and renewed energy to India’s life insurance landscape.
Brands
Abhinav Rastogi named global marketing director for YouTube Shopping
Google veteran to scale creator commerce and expand shopping across global markets
SINGAPORE: Abhinav Rastogi has stepped into a new role as global marketing director for YouTube Shopping, marking the latest chapter in a more than decade-long career at Google.
Rastogi, who took on the position in February and is based in Singapore, will lead global marketing for YouTube Shopping, a platform designed to connect creators, viewers and merchants in a single ecosystem. His remit includes expanding the service into new markets and strengthening its positioning as a growth channel for both creators and brands.
In a reflective note on the transition, Rastogi pointed to a simple but powerful idea driving the role. For years, creators have quietly built trust with audiences through consistent and authentic content, and that trust often shapes purchasing decisions. What is changing now, he said, is the infrastructure around that behaviour. YouTube Shopping aims to make it easier for viewers to discover and buy products recommended by creators they already follow.
The scale is already significant. More than half a million creators have joined the programme, with recent expansion into Japan through a partnership with Rakuten signalling further global ambitions.
Rastogi believes the future of shopping on YouTube will be driven by a blend of creators, content and communities. In his view, it is the human voice behind the screen, not just the product, that ultimately builds trust and drives discovery.
Prior to this role, he served as director of marketing, YouTube Asia Pacific, where he led regional marketing across creator engagement, brand building and reputation. During that time, he played a key role in launching and scaling YouTube Shopping across eight markets in the region.
Earlier stints at Google include group product marketing manager, consumer apps, overseeing growth for products such as Search, Maps and Assistant across India and Southeast Asia, and product marketing manager roles spanning consumer apps and YouTube, where he contributed to launches including YouTube Music, YouTube Originals and YouTube Shorts.
Rastogi began his career in consulting with Boston Consulting Group and A.T. Kearney, before moving into the technology sector. He is an alumnus of Indian Institute of Management Calcutta and Indian Institute of Technology Kanpur.
Alongside his corporate role, he is also an active angel investor, backing early-stage startups in consumer technology and electric mobility across India and Southeast Asia.
As he settles into the new role, Rastogi is betting on a future where every video can double up as a storefront, and where commerce feels less like a transaction and more like a recommendation from a trusted voice.
