Nippon Life India Asset Management Limited Announces Retirement of Ajay Patel as Manager, Key Managerial Personnel and Cease to Be Senior Management Personnel, Effective January 2, 2026
Nippon Life India Asset Management Limited announced that Mr. Ajay Patel, Manager & Key Managerial Personnel, will retire from the services of the Company with effect from close of business hours of January 2, 2026, on attaining the age of superannuation, in line with employment terms of the Company and upon completion of his term as Manager of the Company as per the terms approved by the Shareholders. Consequently, Mr. Patel will also cease to be Senior Management Personnel with effect from the said date. The cessation of Mr. Ajay Patel as Manager (Key Managerial Personnel and Senior Management Personnel) of the Company is due to retirement/superannuation and on completion of his term as Manager of the Company, as per the terms approved by the Shareholders.
Nippon Life India Asset Management Limited is an asset management company. The Company’s principal activity is to act as an investment manager to Nippon India Mutual Fund. The Company is involved in managing mutual funds, such as exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds, and offshore funds and advisory mandates. Its four offshore schemes include UCITS Equity Fund, UCITS Fixed Income Fund, India Fixed Income ETF, and Managed Accounts. The Company acts as an advisor for India focused Equity & Fixed Income funds in Japan. It also manages offshore funds and distribution through its subsidiary Nippon Life India Asset Management (Singapore) Pte. Ltd. (NAM Singapore or NAMS), and also through its representative office in Dubai. The overseas subsidiary helps to cater to institutional and high net worth investors across Asia, Middle East, United Kingdom, United States, Latin America, and Europe.
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Nippon Life India Asset Management Limited Announces Retirement of Ajay Patel as Manager, Key Managerial Personnel and Cease to Be Senior Management Personnel, Effective January 2, 2026
