Mr. Kharat takes over from the outgoing CMD G.Srinivasan who is now the CMD of New India Assurance, another public sector general insurance company.
Prior to this new role, Mr. Kharat served as the CMD of Agriculture Insurance Company of India Ltd. In the past, Mr. Kharat has worked as General Manager in United India Insurance and Divisional Manager, Senior Divisional Manager and regional head in New India Assurance.