Actuarial consulting · Mumbai

Bespoke actuarial and risk advisory, built on rigorous analysis of the complete picture.

Ankolekar & Co. is an actuary firm based in Mumbai that provides a range of consulting and advisory services covering employee benefits, insurance, investments and risk management. We help clients make the right decisions in an increasingly dynamic business environment.

Mayur AnkolekarFIAI, FIA (UK), ICAI

2012Publishing actuarial research continuously since

MumbaiBandra West

Actuarial consulting team reviewing analysis

24+technical papers published on Indian actuarial practice

Practice areas

Four areas of specialist actuarial practice, each grounded in current regulatory and accounting standards.

Pensions

Valuation and reporting under Indian and international GAAP, scheme design, ESOP valuation, regulatory compliance and investment advice.

General insurance

Rating analysis, experience investigations, premium adequacy assessment, risk monitoring and asset-liability management.

Life insurance

Distribution strategy, product design, reserving and embedded value studies, and technical training.

Employee benefits

Ind AS 19 and AS 15 valuations, and Social Security Code 2020 impact assessment for employee benefit liabilities.

Our approach

“Invariably our bespoke solutions emerge from a perspective that considers the complete picture, based on a rigorous analysis of a business issue.”

People

A small, credentialed consulting team.

Mayur Ankolekar

Principal · FIAI, FIA (UK), ICAI

Shruti Shetty

Consultant

Kathan Jain

Consultant

Jigisha Kulkarni

Consultant

Latest & tools

Social Security Code 2020

Our November 2025 update walks through the impact of the Social Security Code 2020 on employee benefit liabilities — what changed, and what it means for scheme valuations.

Read the update