Mumbai, April 22 -- India's trustee services industry has long operated in the background. At Axis Trustee Services Ltd, an arm of private sector lender Axis Bank, the new chief executive is pushing to change that.

After over two decades at Axis Bank, Rahul Choudhary moved to Axis Trustee Services as the chief executive in February 2025, bringing with him experience across wholesale banking, including credit, trade finance, and treasury.

With this experience in mind, Choudhary now wants Axis Trustee to play a more active role in pre-empting defaults, instead of playing a passive role.

Regulated by the Securities and Exchange Board of India (Sebi), a trustee acts as an intermediary between the issuer of securities and investors. It keep...