NOVO Insurance Broking Services Pvt. Ltd., one of India’s fastest-growing IRDAI-licensed insurance brokers, today announced the appointment of Hemaprasad Veeramachaneni as its Chief Operating Officer (COO). The strategic leadership appointment reinforces NOVO’s commitment to accelerating business growth, strengthening operational excellence, driving digital transformation, and delivering greater value to clients across Corporate Insurance, Employee Benefits, Surety Bonds, Engineering Risks, and Risk Management solutions. (Novo Insure)
Hemaprasad brings extensive leadership experience spanning renewable energy, mining, infrastructure, industrial engineering, and large-scale project management. Throughout his career, he has successfully led business transformation initiatives by implementing technology-driven operational frameworks, optimizing processes, improving execution efficiency, and building high-performing teams.
His expertise encompasses mega project execution, claims management, commercial risk assessment, contract administration, engineering insurance, and surety bonds. With deep knowledge of complex contractual ecosystems and project lifecycle management, Hemaprasad has consistently enabled organizations to mitigate risks, improve governance, and maximize commercial outcomes.
A recognized professional in large infrastructure and advanced energy projects—including Pumped Storage Projects (PSPs)—he combines strong engineering capabilities with strategic business leadership, making him uniquely positioned to lead operational transformation in an increasingly technology-driven insurance landscape.
In his new role as Chief Operating Officer, Hemaprasad will lead NOVO’s operational strategy, strengthen execution frameworks, optimize enterprise-wide processes, and accelerate digital initiatives that enhance scalability, agility, and customer experience. He will work closely with the leadership team to further NOVO’s vision of becoming India’s most trusted insurance and risk advisory partner.
“We are delighted to welcome Hemaprasad to the NOVO leadership team. His proven leadership, operational expertise, and strategic approach to business transformation make him an invaluable addition as we continue our next phase of growth. His experience in managing complex projects and driving operational excellence perfectly aligns with our vision of building a technology-enabled, customer-centric insurance organization,” said Mr. Chandrasekhar Parvatham, Managing Director, NOVO Insurance Broking Services Pvt. Ltd.
As NOVO continues to expand its footprint across India, the appointment reflects the company’s ongoing investment in leadership, innovation, and operational excellence. With a strong focus on digital transformation and risk advisory, NOVO remains committed to delivering comprehensive insurance solutions that help businesses and individuals manage risk with confidence.
About NOVO Insurance Broking Services Pvt. Ltd.
NOVO Insurance Broking Services Pvt. Ltd. is an IRDAI-licensed insurance broker offering comprehensive insurance and risk management solutions for businesses and individuals across India. With expertise spanning Employee Benefits (GMC, GPA, GTL), Engineering Insurance, Surety Bonds, Liability Insurance, Property Insurance, Marine Insurance, and Claims Management, NOVO partners with leading insurers to deliver customized protection backed by expert advisory and dedicated claims support. Since its inception, NOVO has focused on simplifying insurance through technology, transparency, and customer-first service, serving thousands of clients nationwide.
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🌐 Website: www.novoinsure.com
📧 Email: info@novoinsure.com
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