Reliance Capital Limited announced at the board meeting held on December 10, 2019 has approved the elevation of Mr. Amit Bapna, the existing Chief Financial Officer (CFO) as President & Chief Operating Officer (COO); appointment of Mr. Sachin Bora as Chief Executive Officer (CEO) of the Company; and appointment of Mr. Vaibhav Kabra as Chief Financial Officer (CFO) of the Company. The company also announced that Mr. Anmol Ambani, being related to Chairperson of the Company, ceased to be the Executive Director of the Company, with effect from December 10, 2019. Mr. Anmol Ambani continues to be on the Board of Reliance General.

Insurance Company Limited, a wholly owned subsidiary of the Company. Sachin Bora is an Industrial Engineer with PGDBA in Marketing. He joined the Reliance group in April, 2008 as Head of Quality & Knowledge Management in the Commercial and Home Finance division.

He held various positions in Reliance Capital Group from Business Excellence functions in the Life Insurance business to being the Whole Time Director and Chief Operating Officer of Reliance Commercial Finance ltd. Prior to joining Reliance, he served as Head - Complaints Management & Regional Head - Quality (West, North & East) at HDFC Bank. Vaibhav Kabra is a qualified Chartered Accountant and Company Secretary, with over 19 years of experience. Before joining Reliance Capital Group, he has worked with Mahindra & Mahindra Limited and Ambuja Cements Limited.