Star Health and Allied Insurance Company Limited has named Utpal Hemendra Sheth as a Non-Executive Nominee Director, representing Sitara Partners LLP, with effect from August 28, 2026. The appointment places Sheth on Star Health’s board in a non-executive capacity, not liable to retire by rotation, as the company expands its governance framework.
With more than 35 years in financial markets, Sheth brings a wealth of experience across investment management, capital markets, and corporate finance. He is the founder and mentor of TRUST Group and Chanakya Wealth Creation, and previously served as Chief Executive Officer and Senior Partner at Rare Enterprises, the proprietary investment firm associated with the late Shri Rakesh Jhunjhunwala.
His background spans public and private equity investing, portfolio construction, risk management, capital raising, mergers and acquisitions, buybacks, and corporate advisory. He also serves on the boards of several public and private companies.
This appointment underscores Star Health’s intent to deepen governance insights from seasoned market professionals as it pursues growth and diversification, leveraging Sheth’s network and expertise in financial markets to inform strategy and risk oversight.