Ajit Jain (born July 23, 1951 in Orissa, India) is an Indian born employee of Berkshire Hathaway who currently heads several reinsurance businesses. He was raised in India's coastal state of Orissa. He is a strict vegetarian because of his religion Jainism. He graduated in 1972 from the IIT Kharagpur with a bachelor's degree in engineering. Alit Jain is an older cousin of Anshu Jain, who currently heads the Deutsche Bank as Co-CEO
Jain worked for IBM in India from 1973 to 1976, then moved to the United States, where he earned an MBA from Harvard Business School in 1978. He joined McKinsey & Co., but returned to India in the early 1980s. After a monthlong courtship, he married Tinku Jain, a girl his parents introduced him to. Then he went back to the United States to work for McKinsey. According to Robert P. Miles' book The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers, Jain said he would not have returned to America, but his wife wanted to move there. In 1985 he left McKinsey to work on insurance operations for Buffett. At the time, he said he knew little about the insurance business. Today, Jain is the President of Berkshire Hathway Insurance group.
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his successors would not be 'of only moderate ability.' For instance, Ajit Jain and Greg Abel are proven performers
- "Ajit Jain may head Buffett firm". The Asian Age. Press Trust of India (PTI). 2015-03-02.
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