Actuarial consulting · Mumbai

In the business of
better actuarial decisions.

Ankolekar & Co. advises on employee benefits, insurance, investments and risk management — bespoke solutions built on rigorous analysis of the complete picture.

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Years of continuous publishing since 2012
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Specialist practice areas
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Consulting team members
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Pension liability calculator, built in-house

Estimate a pension liability in under a minute.

Our in-house calculator estimates the pension liability of a single employee in the Indian context — built for a quick, directional read before a full valuation.

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Capabilities

Specialist actuarial practice across pensions, insurance and employee benefits.

Pensions

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

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Insurance advisory

Rating, reserving and product design across general and life insurance, including embedded value studies.

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Employee benefits

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

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Ankolekar & Co. consulting team reviewing client analysis

Our approach

“Invariably our bespoke solutions emerge from a perspective that considers the complete picture, based on a rigorous analysis of a business issue.”
Mayur Ankolekar — Principal, FIAI, FIA (UK), ICAI

Insights

What we're publishing.

Update · November 2025

Social Security Code 2020 — what it means for your EB liabilities

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Guidance

ESOP and employee share-based compensation valuation

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Guidance

IFRS and financial reporting considerations for insurers

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People

A small, credentialed consulting team.

Mayur Ankolekar

Mayur Ankolekar

Principal · FIAI, FIA (UK), ICAI

Shruti Shetty

Shruti Shetty

Consultant

Kathan Jain

Kathan Jain

Consultant

Jigisha Kulkarni

Jigisha Kulkarni

Consultant

Publications

Technical papers and guidance, published continuously since 2012.

Nov 2025

The Social Security Code 2020 — impact on employee benefit liabilities

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Sep 2021

Defined benefit funding — frequently asked questions

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Aug 2017

Evidence on Indian defined benefit plans — investment risk, fund mandates and funding levels

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Feb 2017

Bond accounting and the business model under Ind AS 109

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Oct 2018

Ind AS 102 on share-based payments — measurement and recognition

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Jun 2015

Ind AS 19 on employee benefits — a practitioner's guide

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Let's connect

Tell us about your risk and people decisions.

51 Deccan Court, 259 SV Road, Bandra West, Mumbai 400 050. No phone number or email is currently published — enquiries go through the contact form.

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