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XL Advisors

Executive search · Since 2011 · IIT Kanpur alumni

Executive search for companies building in India.

We build leadership teams for global companies entering India

Leadership, technology and product hiring for companies setting up in India, GCCs, new insurers and GIFT City entities. And any senior leadership mandate, in any sector.

Discuss a mandateGIFT City practice
Recent leadership placements
Reinsurance
Principal Officer
A global reinsurance company, India
Client names withheld. Every search is confidential.
500+Leadership searches completed
85%+Offer-to-join conversion
2–3Weeks to a leadership shortlist
400+Clients served
15Years in specialist search
IIT KanpurAlumni-founded, 2011
WIN memberWomen in Insurance
12 industriesSector-dedicated consultants
5 practice linesSearch to HR solutions
India · GulfUAE, Qatar, Saudi Arabia
GIFT City practice

Hiring for every business setting up in GIFT City

GIFT IFSC now has more than 1,260 IFSCA registrations, and every new entity must appoint regulated key people before it can operate. We hire them, then build the team.

1,260+IFSCA registrations and authorisations, June 2026. Source: IFSCA.

Key roles we fill: Principal Officer · Compliance Officer · CEO · CFO · Chief Underwriting Officer · Appointed Actuary · Treasury Head · MLRO

Talk to our GIFT City teamgiftcity@xladvisors.co
Reinsurers and insurance officesInsurance and reinsurance brokersIFSC banking unitsFund management entitiesCapital market intermediariesExchanges and bullionAircraft and ship leasingCorporate treasury centresFinance companiesGlobal in-house centresTechFin and ancillary servicesFinTech and payments
Industries

Twelve sectors. Depth in every one.

Each practice is run by consultants who hire only into that sector.

Insurance, reinsurance and broking

30+
insurers, reinsurers and brokers hired for

Principal Officer · Chief Underwriting Officer · Appointed Actuary · CFO · Claims · Distribution

Global Capability Centres

50+
leadership roles placed across 40+ centres

Centre Head · COO · Head of Engineering · Data and AI · Finance and HR shared services

GIFT City and IFSC

Regulated key roles and full teams for new IFSC entities

India entry and captives

Founding teams for global companies setting up in India

IT services

Sales, client partner, delivery and practice leadership

Product and SaaS

CPO, CTO, engineering, data and AI leaders

E-commerce and late-stage startups

Growth, category, product and technology leadership

BFSI and fintech

Credit, risk, product, collections and capital markets

Retail, D2C and jewellery

50+ brands: CEO, category, store operations, e-commerce

Oil and gas captives

Engineering centres, design engineers and operations leaders

Power and renewables

Project, O&M and business leadership for solar and power

Engineering and manufacturing

Plant heads, supply chain and operations leadership

Selected placements

Leadership teams we have built

A sample of recent senior placements. Client names withheld.

Reinsurance

A global reinsurance company

  • Principal Officer
  • Chief Underwriting Officer
  • SVP, Health Actuary
Insurance broking

A multinational broking firm

  • Chief Operating Officer
  • Chief Broking Officer, Reinsurance
  • SVP, Treaty Reinsurance
GCC

A BFSI parent GCC

  • India Centre Head
  • Chief Operating Officer
  • Head, Risk and Compliance
Technology GCC

A technology parent GCC

  • Head of Engineering, India
  • Head, Site Reliability Engineering
  • Head, Information Security
General insurance

A top-5 general insurer

  • VP, Motor Underwriting
  • Head, Data Science and Analytics
  • Zonal Head, Growth Markets
Retail

A multi-category fashion retailer

  • Chief Operating Officer
  • Head, Category and Buying
  • Head, E-commerce
Practice lines

One firm, five ways to hire

From a single CXO search to a 100-person team, under one roof.

200+

Leaders mapped per search

We map the whole market before we shortlist anyone.

80%

Were not looking

Most leaders we place were passive, reached through relationships.

3–4

Profiles per closure

Calibrated shortlists, each with a written assessment.

25%+

Diversity placements

Diverse slates on every search. Members of WIN.

How a search runs

From brief to joining

We understand the business problem before we search, and send profiles on fit, not volume.

Week 1

Discovery and mapping

Briefing, success profile and target-company map.

Weeks 2–3

Assessment and shortlist

Structured interviews; 3–4 candidates with assessment notes.

Weeks 3–4

Calibration and offer

Client interviews, references and offer negotiation.

Weeks 5–12

Joining and follow-up

Notice-period engagement, joining and a 90-day check-in.

Leadership

Every mandate is led by a founding partner

Varun Jain, Co-Founder and Director, XL Advisors

Varun Jain

Co-Founder & Director

IIT Kanpur; nine years at Schlumberger. Leads technology, GCC and greenfield hiring.

Minal Jain, Co-Founder and CEO, XL Advisors

Minal Jain

Co-Founder & CEO

Leads leadership search and the insurance, BFSI and retail practices.

Mangesh Akerkar, Co-Founder and Partner, XL Advisors

Mangesh Akerkar

Co-Founder & Partner

35 years in oilfield services, 25 with Schlumberger. Anchors energy hiring.

About XL Advisors →
Client outcomes

Four teams we helped build

Recent mandates, described without client names. Every search is confidential.

Reinsurance · GIFT City

Leadership team for a European reinsurer in GIFT City

A renowned European reinsurer set up its branch in GIFT IFSC. We hired its leadership team and regulated key roles.

Principal Officer · Underwriting · Actuarial
Insurance · New company

Building a new insurer in India

For an insurer building its India business, we hired actuarial and insurance specialists alongside technology and product leaders.

Actuarial · Insurance specialists · Technology · Product
IT services · GCC

Sales and strategy leaders for a top-five IT services company

We hired sales leaders and strategy professionals for a top-five IT services company’s GCC business.

GCC sales leadership · Strategy
India entry · Technology

45+ hires in year one for a US company’s India office

A US company setting up its India office from scratch. We built its senior technology team end to end, with more than 45 hires in the first year.

Engineering leadership · Senior technology team
Client voices

What HR leaders say

“
This team can be trusted wholeheartedly to not just deliver on requirements but go steps ahead and be knowledge advisors.
Manpreet KaurMarsh India
“
Can vouch for their team’s knack to understand the requirements to the nth detail and provide the best talent available.
Shalu SaxenaHDFC Life
“
I am comfortable having discussions with them on everything from confidential executive level searches to junior level candidates.
Utkarsha DwivediXceedance

Planning a leadership hire?

Tell us about the role. A founding partner will take the brief.

Send an enquiryinfo@xladvisors.co+91 91370 00730

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