Summary
Overview
Work History
Education
Skills
Languages
Hobbies and Interests
Disclaimer
Timeline
Generic
Kumar Alok

Kumar Alok

Ahmedabad

Summary

Dynamic and results-driven sales and distribution professional with extensive experience in driving business growth and optimizing performance. Strong analytical skills facilitate the identification of lucrative opportunities that enhance market presence. Proven ability to build and lead high-performing teams, fostering collaboration and motivation to achieve ambitious targets. Committed to delivering exceptional results through strategic planning and execution in fast-paced environments.

Overview

21
21
years of professional experience

Work History

Vice President – Retail -West 1(Gujarat & MP)

Liberty General Insurance Ltd
  • Business development in the assigned territory by setting up branches to cover the entire locations and leveraging the potential of all possible available distribution channel – Agency & Broker, Motor Dealers & DSA’s
  • Building strong and performing team by recruiting, training and motivating the team of State Heads, Branch Heads and Sales Managers and ensure to achieve the desired productivity of the team.
  • Identify the growth drivers, set targets and drive the team to achieve the same.
  • Responsible for P&L of the assigned territory by assuring the profitability of each and every location.
  • Ensure business development with proper product mix and channel mix.
  • Monitor and manage the entire process flow to ensure desired results and complete customer satisfaction.

Deputy Vice President – Motor Insurance, Gujarat for M1 & M3 Vertical

ICICI Lombard General Insurance Co. Ltd.
09.2021 - 04.2022
  • Company Overview: (Bharati AXA GIC Ltd got merged with ICICI Lombard in Sept’21.)
  • Business development of Motor Insurance through tie-up with motor dealers. Framing strategy for the penetration of our company in assigned region and development of business that includes manpower planning and achieving their desired productivity.
  • Building strong and performing team by Recruiting, training & motivating a team of Regional Managers, Area Managers & Sales Managers and monitor their performance to achieve the desired goals of the company.
  • Identify the growth drivers, set targets and drive the team to achieve the same.
  • Track the competitors move in the market.
  • Manage P&L for assigned territory, ensuring profitability at each location.
  • Performance appraisal of the team members.

Deputy Vice President – Motor Bulk (Zonal Head - West)

Bharti AXA General Insurance Co. Ltd.
01.2009 - 09.2021
  • Assumed responsibility as Area Manager for South Gujarat in January 2009.
  • Advanced to Regional Manager position for Gujarat in January 2011.
  • Promoted to Senior Regional Manager in 2013, overseeing Gujarat and Rajasthan for Motor Bulk.
  • Tasked with expanding emerging market presence in Gujarat, Maharashtra, and Goa starting November 2017.
  • Promoted to Associate Vice President in April 2018, overseeing Motor Bulk vertical for Mumbai and Gujarat.
  • Promoted to Deputy Vice President and tasked with responsibilities of Motor Bulk for the Western region.
  • Business development of Motor Insurance through tie-up with motor dealer & DSA’s. Framing strategy for the penetration of our company in assigned region and development of business that includes manpower planning and achieving their desired productivity.
  • Developing a strong team by recruiting, training, and motivating managers at various levels.
  • Identify the growth drivers, set targets and drive the team to achieve the same.
  • Analyzed market trends to assess competitor strategies.
  • Manage P&L for assigned territory, ensuring profitability at each location.
  • Performance appraisal of the team members.
  • Monitor the entire process flow to ensure desired results and complete customer satisfaction.
  • Responsibilities as Senior Regional Manager – Emerging Market (Gujarat, Maharashtra & Goa):
  • Business development in the assigned territory by setting up branches to cover the entire locations (other than major cities) and leveraging the potential of all possible available distribution channel – Agency & Broker, Bancassurance, Motor Dealer & DSA’s
  • Building strong and performing team by recruiting, training and motivating the team of Branch Heads and Sales Managers and ensure to achieve the desired productivity of the team.
  • Managed P&L for assigned territory, ensuring profitability at each location.
  • Optimized product mix to align with business development goals.
  • Responsibilities as Senior Regional Manager – Motor Bulk (Gujarat & Rajasthan):
  • Business development of Motor Insurance through tie-up with motor dealer & DSA’s in Gujarat & Rajasthan. Framing strategy for the penetration of our company in assigned region and development of business that includes manpower planning and achieving their desired productivity.
  • Recruiting, training & motivating a team of Area Managers, Sales Managers and Sales Officers and monitor their performance to achieve the desired goals of the company.
  • Identify the growth drivers, set targets and drive the team to achieve the same.
  • Performance appraisal of the team members.

Deputy Manager

Reliance General Insurance Co. Ltd.
04.2007 - 01.2009

Boosted motor insurance sales by strengthening dealer and DSA networks.

Sales Manager

ICICI Lombard General Insurance Company Ltd.
03.2006 - 04.2007
  • Managed Motor and Health insurance business through retail team – Direct Sales.

Sales Officer

ICI India Ltd.
02.2005 - 03.2006
  • Company Overview: ICI India Ltd. is a leading name in the Paint Industry which is a part of Imperial Chemical Industries Plc., UK.
  • Brand: Dulux (Paint)

Territory Officer

Jubilant Organosys Ltd.
06.2003 - 01.2005
  • Company Overview: Jubilant Organosys Ltd. is India’s leading speciality chemical company, earlier known as Vam Organic Chemicals Ltd.
  • Brand: Jivanjor (Adhesives & Wood finish) (formerly known as Vamicol)

Sales Executive

Italia Glass Pvt. Ltd.
04.2001 - 05.2003
  • Company Overview: Italia Glass Pvt. Ltd. is a Ahmedabad based company dealing in glass mosaics, which is used in interior, exterior and water bodies to give aesthetic look to the building.

Education

Postgraduate Diploma - Business Management, Marketing

Centre for Management Development
Modinagar
01.2001

B.sc. (Mathematics Hons.) - undefined

Ranchi University
Ranchi
01.1996

Skills

  • Critical thinking
  • Business development
  • Strategic planning
  • Relationship building
  • Data analysis
  • Coaching and mentoring
  • Decision-making
  • Sales and marketing leadership
  • Team leadership
  • Business growth and marketing strategies
  • Portfolio optimization

Languages

English
Hindi

Hobbies and Interests

Listening music, Playing on harmonica, Social work

Disclaimer

DATE: PLACE: Kumar Alok

Timeline

Deputy Vice President – Motor Insurance, Gujarat for M1 & M3 Vertical

ICICI Lombard General Insurance Co. Ltd.
09.2021 - 04.2022

Deputy Vice President – Motor Bulk (Zonal Head - West)

Bharti AXA General Insurance Co. Ltd.
01.2009 - 09.2021

Deputy Manager

Reliance General Insurance Co. Ltd.
04.2007 - 01.2009

Sales Manager

ICICI Lombard General Insurance Company Ltd.
03.2006 - 04.2007

Sales Officer

ICI India Ltd.
02.2005 - 03.2006

Territory Officer

Jubilant Organosys Ltd.
06.2003 - 01.2005

Sales Executive

Italia Glass Pvt. Ltd.
04.2001 - 05.2003

Vice President – Retail -West 1(Gujarat & MP)

Liberty General Insurance Ltd

Postgraduate Diploma - Business Management, Marketing

Centre for Management Development

B.sc. (Mathematics Hons.) - undefined

Ranchi University
Kumar Alok