Nitesh Ranjan
Building Insurance and Garage @ CRED | Ex- PhonePe | YIF- HBX FelloW | Ashoka University🎓
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Business Strategy
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Market Research
⚙️
Project Management
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Business Development
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Digital Marketing
Bangalore, India

Experienced marketer with a strong background in business analysis, leading and managing product strategies, and driving growth in the insurance industry. 

Worked with top companies including CRED, PhonePe, and Acko. Proficient in Microsoft Office, C++, and fluent in English and Hindi. 

Business and Product, CRED
September 2021 - Present
Bangalore Urban, Karnataka, India
- Building Garage at CRED 
- Leading and managing P&L for Insurance business 
- Scaling business from 0-1 including Licensing requirements 
- Co-creating innovative journey for the customer and negotiating with Insurer 
- Embedded and sachet Insurance offering on CRED
Insurance Business Manager, PhonePe
March 2020 - September 2021
Mumbai, Maharashtra, India
- Leading Byte Size Insurance Product P&L 
- Growth Strategy for Customer Marketing and Acquisition 
- Innovating Insurance Product Strategy with best UI/UX 
- End to End Customer Experience 
- Digitalization with Insurer 
- Creating disruptive need based Insurance Product cutting across life/health and general Insurance
DGM - Partnership Products, Acko
December 2019 - March 2020
- Overall responsible for the Health Insurance Strategy of ACKO GI including end to end development of new product 
- Lead partnership deal closure with customer centric delivery models with various stakeholder for the delivery of Health Insurance product including unique product proposition, TPA, Health Partners internationally etc
Product Manager, Acko
December 2018 - March 2020
Bengaluru Area, India
- Leading and managing strategy of Product Development and Underwriting of Customized Insurance Product for Digital/Affinity/ Internet Partnership using need analysis of each partner and evaluation of partner's platform 
- Owner of the delivery of Product on Partner's tech platform with tech team and leading comprehensive testing of UAT 
- Owner of motor endorsement project - building self-service model for customers leading to cost optimization of CC 
- Leading company's initiative of International Travel Product and stitching its end to end delivery from sales perspective and delivery of first travel Insurance product for ACKO 
- Delivered new and innovative product (completely new for Indian market)
Business Development and Key Account Management, RELIGARE HEALTH INSURANCE (RHI)
August 2017 - July 2018
Bengaluru Area, India
Research Assistant - Office of Shri Ninong Ering, Member of Parliament
June 2014 - May 2018
New Delhi Area, India
- - Legislative assistant to Member of Parliament - Execution of drafting of bills - Planning of Parliamentary affairs and research on the environmental issues in north east India
Product and Process Manager, RELIGARE HEALTH INSURANCE (RHI)
July 2016 - August 2017
Bengaluru Area, India
- Leading Product, Project and Partnership development for Insurance Products
- Project management of each partnership launch from planning of products and processes to post-sale analytical support 
- Directly handling portfolio of Digital/ Bancassurance and Alternate vertical contributing 450+ Cr business volume 
- Coordinating with various stakeholders of the firm - including Legal, Product, Marketing, Claims Servicing and Customer Care, and Sales team 
- Translating business development team requirement into actionable and support their day to day sales by building unique mobile and web based technology solutions 
- Tracking of opportunities in the market for new products in health insurance space through secondary and primary research - Product scoping (identifying target customer and revenue opportunity for the company) and design of benefit construct (Benefits that would be offered in the product) 
- Product mapping/bench marking with products in domestic and global markets 
- Developing product communication, pitch, USPs, positioning, marketing and allied activities for product promotion 
- Launching of new products across distribution channels/partnerships, supervising necessary process and technology integration etc
Co Founder, CoMarket.in
July 2015 - July 2016
Delhi
- CoMarket' is a hyperlocal online marketplace for used goods meant to operate within already existing closed communities centered around colleges, corporates and residential societies
- It hopes to solve some compelling problems in the current online second-hand marketplaces like seller trust, delivery time and distance, and poor user experience
Business Analyst, ZS Associates
February 2015 - July 2015
Gurgaon, India
- Specialized in sales force territory alignment and sizing solution consulting for top pharma clients with work varying across sales force team sizing, placement and alignment
- Strategised sales force effectiveness and placement consulting for increasing sales of Fortune-500 Pharma clients 
- Formulated territorial alignment solutions which increased efficiency and performances of the sales force 
- Expert in handling and modelling javeline territory designer software
Intern, Jugaad Labs
November 2012 - January 2014
Kozhikode
- Organized summer schools in Computer Education for 156 students in Kerala & Uttar Pradesh 
- Drove collection & distribution of old clothes, unused stationary and old books across Kerala
Intern, Husk Power Systems
May 2013 - July 2013
- Completed the designing of solar based smart meters which is revolutionizing the availability of electricity in the remote villages enabling them to carry out business late evening along with enabling local children to study in the night while also providing security to the local
Vocational Training, NTPC
June 2012 - June 2012
NTPC, Barh
- Familiarization with the various stages of energy generation and transmission along with quality improvement provisions and thermal power plant production system
Education
CORe: Credential of Readiness
2016 - 2016
HBS online
Young India Fellowship, Post Graduation Diploma in Liberal Studies
2015 - 2016
Ashoka University
Bachelor of Technology (BTech), Electrical and Electronics Engineering
2010 - 2014
National Institute of Technology Calicut
12, science
2008 - 2010
St. Michael's High School, Patna
High School, Physics
1998 - 2008
Infant Jesus School
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