Shri Mohanty, currently serving as the Chairperson of LIC of India, one of the world's leading insurers, brings with him a wealth of experience and academic credentials. Holding a Bachelor’s degree in Law and a Master’s degree in Arts (Political Science) from Utkal University, Bhubaneswar, Odisha, along with a Post Graduate Certification in Business Management from the Xavier Institute of Management, Bhubaneswar, Odisha, he has been at the helm of LIC since 29th April, 2023.
Before becoming the Chairperson, Shri Mohanty served as Managing Director of the Corporation. At that time, LIC underwent significant transformation of becoming a listed entity. Before his tenure as Managing Director, Shri Mohanty played pivotal roles in various capacities within LIC, including COO and CEO of LIC Housing Finance Limited. During the long and illustrious career, he has held various pivotal positions in LIC of India, such as, Senior Divisional Manager of multiple Divisions, Chief (Legal), Chief (Investment – Back Office), Executive Director (Legal), amongst others. During his tenure as Chief (Legal), Mumbai, the Corporation won the “Best Insurance In-House Legal Team of the Year” Award.
Beyond LIC, Shri Mohanty chairs the boards of several national and international subsidiaries and associate companies. Additionally, he holds key positions such as Chairperson of the Council of Insurance Ombudsman, Chairman of the Governing Board of the National Insurance Academy, and membership in the Council of the Institute of Actuaries of India.
His leadership style, marked by innovation, analytical prowess, and strategic acumen, has consistently delivered success across diverse assignments. With a comprehensive understanding of the industry landscape, he advocates for digital transformation and investments in competency development as essential pillars for LIC's continued success.
Shri M Jagannath, has taken charge as Managing Director of Life Insurance Corporation of India on 13th March, 2023.
Joining LIC in the year 1988 as a Direct Recruit Officer, Shri Jagannath brings with him rich experience of over three decades across various functions of the Corporation. Before taking charge of the current assignment, he was the Zonal Manager (In Charge) of South Central Zone, where he led the Zone’s transformation by driving performance on vital metrics. Under his stewardship, the Zone scripted newer heights in New Business growth by nurturing a performance-oriented culture and driving a consumer-centric service model. Earlier, he was Head of Bancassurance for the South Central Zone and thereafter, the Regional Manager (Marketing) of the same Zone at Hyderabad and Bangalore locations. He also held the helm of Ernakulam, Dharwad and Bangalore-I Divisions in his earlier role as Senior Divisional Manager. Shri Jagannath’s international experience comes from his tenure as Chief Executive Officer and Manager Director of LIC (Lanka) Ltd., Colombo, Sri Lanka between 2009 and 2013.
Shri Jagannath holds a Post-Graduate Diploma in Marketing, International Post-Graduate Diploma in Life Insurance, General Insurance & Risk Management from the Institute of Insurance and Risk Management (IIRM), Hyderabad. He is an Associate of the Insurance Institute of India, Mumbai.
Shri Tribhuwan Adhikari, is a Direct Recruit of the 17th Batch joined LIC of India in September 1989. During his career in LIC, spanning more than 3 decades he has worked all over the country and has been posted in West Bengal, Bihar, Uttar Pradesh, Uttarakhand, & Maharashtra. He has mostly worked in Marketing and has held important positions as Branch Manager In-charge of various Branches, Chief Manager in Branch 925 of Mumbai Division-4, Marketing Manager in two Divisions viz. Nanded in Maharashtra and Dehradun in Uttarakhand. He has had the privilege of holding independent charge of two Divisions of LIC i.e., Dehradun in Uttarakhand and Kanpur in Uttar Pradesh. On the administrative side he has held positions like Manager Information Technology of Dehradun & Kanpur Divisions, Regional Manager New Business & Actuarial and Regional Manager Information Technology of North Central Zone Kanpur. Moreover, working in different streams of life insurance management viz., administrative & marketing has given him the twin advantages of enriched knowledge and clarity on processes and procedures in the life insurance industry.
Shri Adhikari joined LICHFL as the Chief Operating Officer on the 03rd of June 2023 and took charge as Managing Director & Chief Executive Officer of LICHFL on the 03rd of August 2023.
Akshay Rout is a leader in development management, social mobilisation, communication and public campaigns, Institution building, training, academic and capacity development besides having senior level experience in programme and project implementation.
After 36 years in years in civil service (IIS), Akshay Rout is currently Senior Fellow, NITI Aayog, supporting newly incubating missions. He is also Senior Adviser, providing strategic support to urban water and sanitation missions in Government of India. Rout is a member of the National Focus Group on Adult and Lifelong Education and an Advisor with Union Public Service Commission. He contributes as a resource and Special Observer in elections. Akshay Rout is Director on the Board of LIC Housing Finance Limited, India’s largest housing finance company.
Rout earlier served as Senior Adviser with UNICEF (covid response in schools) for Ministry of Education and as visiting Professor at the Central University of Odisha. During 2019-2020, he served UNICEF and UNOPS to assist India and other national governments in scaling up safe water and sanitation. He was Senior Adviser, Indian Renewable Energy Development Agency (IREDA) during 2019-21.
As Director General in Swachh Bharat Mission (deemed as world’s largest), Akshay Rout contributed to its strategy, implementation, communication, and consolidation. He set out models of involving millions of Indians, particularly the weaker and marginalised sections, women, youth, and children, while also collating resources from corporate and non-government sectors, for a self-empowering sanitation movement, that culminated in an Open Defecation Free India and led to better health and livelihood and dignified living.
From 2009 to 2014, as Director General in Election Commission of India, Akshay Rout led initiatives that yielded significant increase in enrolment and record turnout of voters. He is associated with acclaimed interventions like SVEEP (Systematic Voters’ Education and Electoral Participation) and National Voters’ Day. Rout laid the foundation of India International Institute of Democracy and Election Management (IIIDEM), a global knowledge and resource Centre for capacity development in elections; and was its first Director General. He observed national elections in Mexico, Tanzania, Russia, Australia, and South Korea.
Akshay Rout has made distinguished contribution to mass media development and broadcast practices. His tenures as I/C Director General and Addl. Director General in Doordarshan News were marked by a series of structural reforms and content interventions. He represented AIR and DD in Southeast Asia and Bangladesh from 2000 to 2003.
Akshay Rout is a triple Masters in English literature, in Economics and Management and in Public Policy and Sustainable Development. A regular columnist and broadcaster in national media and speaker at a range of national institutions, he mentors extensively on development and social sector; water, sanitation, and hygiene; elections and democracy, public participation, and communication.
Akshay Rout is associated with two historic achievements in recent times: the sustained increase in voters’ registration and turnout in Indian elections & the fulfilment of the Swachh Bharat Mission.
Shri P Koteswara Rao is a Fellow member of Institute of Chartered Accountants of India with Bachelor’s Degree in Commerce from Sri Venkateswara University, Tirupati (AP). He has experience in the area of Accounts, Finance, Fund Management, Portfolio Management, Office Services, etc. He is also NSE Certified Market Professional. Shri P Koteswara Rao joined LIC of India as Direct Recruit Officer (CA Batch) in the year 1986. He has held various responsible positions in senior cadres throughout his career spanning 30 years in various capacities in LIC of India and always added value to his job role. He worked as Marketing Manager and Senior Divisional Manager of Machilipatnam Division of LIC of India in Andhra Pradesh. He also worked as Regional Manager (OS) in the Western Zonal Office, Mumbai, as Regional Manager (F&A) in Southern Zone, Chennai and also as Regional Manager (F&A) in Northern Zone, Delhi. For a brief period of one year Shri P Koteswara Rao was General Manager in LIC Housing Finance Limited in charge of Credit Appraisal and Project Finance before moving to LIC of India as Chief (Investment/Operations), Central Office, Mumbai.
He had served in the Board of SKS Trust (Private) Ltd. as nominee Director for more than three years. His hobbies include reading books. He has attended a programme on Strategic leadership at Indian School of Business, Hyderabad. Shri P Koteswara Rao participated in training programme on Fixed Income Instruments at Asian Institute of Management, Manila, Philippines.
He was one of the speakers in the seminar conducted by Insurance Institute of India on ERM in June 2019 on Risk Management. After retiring from the services of LIC of India as Chief (Investment) in 2016, he has joined Insurance Institute of India, Mumbai, as Faculty (life) and continues to be faculty member. He has given faculty support on Insurance subjects, including Insurance Regulatory matters, Investment, Risk Management, etc. He has visited Bhutan and Armenia on academic assignments.
Dr. Dharmendra Bhandari served as a member of the Faculty of Commerce in the University of Rajasthan, Jaipur. He has a PhD in Commerce and is also a qualified Chartered Accountant. He has more than 30 years of academic and professional experience in the financial sector.
Dr. Bhandari has served as the Sole Consultant to the Joint Parliamentary Committee (JPC) that was set up by the Government of India for Enquiry into Irregularities in Securities and Banking Transactions (1992–93), where he assisted in writing the report, strengthening the systems and fixing accountability. In 1994, he was appointed as Officer on Special Duty (1994–95) with the Reserve Bank of India, Mumbai. He was also a member of the Central Council of the Institute of Chartered Accountants of India.
Dr. Bhandari has served as Director of Dena Bank, Bank of Maharashtra and Bank of Baroda, JP Morgan Mutual Fund (India) Pvt Ltd, SBI Capital Markets, Barclays Investments & Loans (India) Ltd etc. He was also on the Board of several companies such as Tata Timken, Birla Corp, etc.
Apart from his academic pursuits in the fields of economics and finance, Dr. Bhandari has also authored several books, prominent among them being R K Laxman – The Uncommon Man, Mosaic of Faith – Places of Worship in India and Nani Palkhivala, God’s Gift to India (Biography by a friend).
Shri Ameet Patel was appointed as Independent Director of LIC Housing Finance Limited. on 19th August, 2015. Presently, he is serving the 2nd term as independent director of the Company. He qualified as a Chartered Accountant in 1986 with a rank at all India level and has been in private practice since then. He did his article ship with a reputed firm – S.V. Ghatalia & Associates. Currently, he is a partner at Manohar Chowdhry & Associates. He has spent a large part of his professional career dealing with taxation matters and in the past few years, he has focussed on tax matters of FIIs, Banks, Mutual Funds, AIFs, and FPIs as also on audit of portfolio management schemes and AIFs.
His core practice consists of tax planning, appeals and representations and Information Technology related issues. He has also advised several foreign companies who have set up subsidiaries in India. He has a keen interest in technology and has a large network on social media. He is currently studying the concept of cryptos and virtual digital assets closely to understand its nuances.
He is a member of the Finance & Taxation Panels of CII’s Maharashtra Region. He is also chairman of Technology Initiatives Committee and member of Taxation Committee of Bombay Chartered Accountants’ Society (which is a voluntary body of CAs with about 8,500 members from across India). He headed this organisation as its President in the year 2009-10.
He is also an independent director of SBM Bank (India) Ltd. and Quantum Trustee Company Private Limited.
He has been a regular speaker at various seminars and conferences organised by the ICAI, BCAS, KSCAA, LCAS, Assocham, CII, private banks such as Kotak Mahindra Bank, income-tax department’s Regional Training Institutes, Rotary Clubs and other bodies.
He is a co-author of following publications of the Bombay Chartered Accountants’ Society:
“Calculators to Computers – a Paradigm Shift”
"Shares And Securities - Taxation & Accounting"
“Tax Deduction at Source”
“FAQs on e-TDS”
“Reporting under the New Format in Form 3CD – A specimen”
His articles have appeared in various magazines and websites such as Money Outlook, MoneyLife, CNBC’s moneycontrol.com, Taxsutra, Journals of the BCAS & ICAI. He has also appeared on several programmes on national television and his views are regularly quoted in newspapers and websites and is very active on various social and professional media networks. He has also travelled extensively across the world and has spoken at international forums too.
Shri V.K. Kukreja, is a Chartered Accountant by profession with a vast experience in the area of accounts, finance, fund management, portfolio management, risk management and information technology. He has held various coveted and responsible positions throughout his career and has always added value to his erstwhile job role before moving on to the next position in order to continue to add value to his next job role.
He started his career as an Accounts Officer and worked for National Textile Corporation (DPR) Ltd Malout and Central Electronics Limited Sahibabad (A Unit of Ministry of Science and Technology) respectively in brief tenures. He joined Life Insurance Corporation of India (LICI) as Direct Recruit Officer (CA Batch) in Jan 1983. By 1996 he had been elevated to the post of Dy. General Manager in LIC Mutual Fund. He had been posted in three zones of LIC as Regional Manager (finance and accounts). In the year 2005, he was made Chief (Investment operations) in the Mumbai Head office of LIC where he managed Equity, Debt and G-Secs Portfolios and also managed the entire treasury operations. He also rose to become the Executive Director (Investment- RMR) in 2009 and established new Dept. Risk Management and Research.
Shri Kukreja appeared speaker on LIC programme ‘Why Insurance My Insurance’ on CNBC TV 18 in 2009, Convention on “Exploring investment opportunities in Orissa 2007” held in Delhi on Infrastructure Issues.
Shri V.K. Kukreja has also been Nominee Director on the boards of various companies in sectors such as Power Generation & Distributions, Commodity Exchange, Co-operative Housing Finance and Brokerage. He was also a committee member on committees of various companies/funds, in sectors such as Private Equity, Infrastructure, IRDA, etc. He retired from LIC of India in Sept 2012 as Executive Director (F&A).
Global exposure: -
Shri Kukreja participated in various international conference like Deutsche Bank international credit market conference 2005 South Africa, 2nd Treasury offsite Macau, Hong Kong 2009 Birla Sunlife AMC.
Shri Kukreja visited Bahrain in 2008 and formulated investment policy for LIC Bahrain office.
Shri Kukreja was a keynote speaker at Indian Private Equity IQ Middle East conference Dubai 2007.
Shri Kukreja visited Sri Lanka and Nepal in 2012 to review internal control systems in the area of Finance and Accounts in LIC (Lanka) Ltd and LIC (Nepal) Ltd respectively.
Shri Kashi Prasad Khandelwal is Chartered Accountant by profession for last 46 years. He was appointed as Financial Audit Consultant by World Bank, Washington, USA in August 2010 for the Emergency Monrovia Urban Sanitation (EMUS) Project, funded for Monrovia City Corporation, Govt. of Liberia.
Shri Kashi Prasad Khandelwal is associated as Independent Director with Kesoram Industries Ltd., GPT Infraprojects Ltd. and GPT Healthcare Limited -Tantia Group of Company, LIC Housing Finance Limited, and a Director with Cygnet Industries Ltd – wholly-owned subsidiary of Kesoram Industries Ltd.
Shri Kashi Prasad Khandelwal was Member of the Central Council of The Institute of Chartered Accountants of India during 1998-2001, 2004-2007 and 2007-2010. During the period he was Chairman, Vice-Chairman and member of various standing and non-standing Committees of ICAI. He was also member of 1st Quality Review Board. He was member of EIRC of the ICAI during 1985-88 and 1988-92. Honorary Secretary, Vice Chairman and Chairman for the year: 1986-87, 1987-88 and 1988-89 respectively. He was Member of SAFA Centre of Excellence on Ethics and Independence of Auditors, SAFA Working Group on Best Corporate Governance Practices in South Asian Countries and Committee on Accounting and Auditing Standards of South Asian Federation of Accountants (SAFA) (2009).
He was President of the Association of Corporate Advisors and Executives during the year 1994-95. During the year 1995-96, he was President of the Institute of Internal Auditors, Kolkata Chapter. Also he was President of Direct Taxes Professionals Association and Avantika for year 2014-15 and 2015-16 respectively.
Shri Kashi Prasad Khandelwal has been Hony. Secretary of the Institute of Internal Auditors – India (an affiliated body with its Head Quarter at Florida, U.S.A.). He was associated with Public Sector Banks, Insurance Companies and Public Sector Undertaking like: UCO Bank, LIC of India., Indian Oil Corporation Ltd. etc. as a Central Statutory Auditors & Statutory Auditors. He has been Internal Auditors of Reliance General Insurance Company Limited, Bajaj Allianz Limited, ICICI Limited and DLF Limited etc.
Shri Kashi Prasad Khandelwal has been a faculty for training programmes organised by the Ministry of Textiles and Ministry of Company Affairs, Government of India. Also, a prolific speaker on prime subjects such as Union Budget, Service Tax, Accounting, Auditing, Corporate Laws, Corporate Governance, Professional Ethics, Information Technology and Income Tax matters.
He is actively involved with various social organisations. He has to his credit recognition as a Past President and District Cabinet Secretary of Lions Club of Kolkata (Park Street), Dist. 322B and awarded certificate of appreciation from Lions Clubs International. He is Life member of Nagrik Swasthya Sangh, a social service organisation. He is also associated with Friends of Tribals Society (FTS), a leading organisation carrying out various social activities.
Shri Kashi Prasad Khandelwal awarded SAMAJ BHUSHAN by Khandelwal Vaisya Mahasabha.
Mr. Sanjay Kumar Khemani is Practicing Chartered Accountant and Senior Partner of M M Nissim & Co LLP and possesses more than 33 years of post-qualification experience in rendering professional services to Banking, Insurance and Other Financial Services sector entities and advising on Corporate & Tax Law. He has rich experience of conducting Statutory Audit of reputed private sector banks, public sector banks, foreign banks, NBFCs, Insurance Companies, Mutual Funds, Schemes of National Pension Fund, Banking Correspondents and Stockbrokers. He also has rich experience of conducting internal audit of Stock Exchange, Regulators, Primary Dealers, Custodians, Portfolio Managers, Depository Participants etc. He has been advising large Banks on direct and indirect taxation matters and also has experience of conducting investigative/forensic audits.
He was on the Board of Asset Reconstruction Company of India Limited as an independent director for 6 years. Presently he is serving on the Board of Yes Bank Limited as an Independent Director. He is / has been associated with various NGOs for Social Service and is a member of Institute of Social Auditors and Institute of Company Secretaries of India.
Smt. J Jayanthi is a Post Graduate in Commerce from University of Madras, ICWAI (Inter) and Fellow of Insurance Institute of India.
She started her career as direct recruit officer with The New India Assurance Co Ltd, in the year 1985. She has risen to the rank of General Manager and superannuated in November 2020. In her career spanning 35 years, she worked in various places across the country. She was heading a Division as Senior Divisional Manager & as Chief Regional Manager in charge of Large Corporate and Broker Office, Chennai she handled corporate as well as retail customers besides Brokers. As Deputy General Manager she was in charge of Chennai Regional Office, one of the leading flagship offices of her organisation and on her promotion as General Manager she was posted to Head Office Mumbai and in charge of various technical departments like Fire, Engineering, Motor, Crop Insurance (PMFBY).
During her voyage of over three decades and a half in her career, she handled challenging scenarios and environments, associating with people within and outside the organisation in which she worked with diverse capabilities and culture. Her working style, people orientation, quick decision-making & sound technical knowledge has resulted in success in each of her assignments.
She has qualified for the post of Independent Director in the examination conducted by IICA. Smt. J Jayanthi is also an Independent Director in Policybazaar Insurance Brokers Private Ltd since June 2021.
Shri Ravi Krishan Takkar is a commerce graduate from Shri Ram College of Commerce, New Delhi and obtained a law degree from Delhi University. He started his banking career with Oriental Bank of Commerce (now amalgamated with Punjab National Bank) in 1979. Worked in various capacities as branch head, Regional Manager and Administrative Head of various departments in Head Office. He has wide and varied experience in operations, credit, merchant banking. He was promoted to General Manager in November 2010. Shri Takkar was appointed as Executive Director of Dena Bank (now amalgamated with Bank of Baroda) by MOF, Govt of India on 1st February, 2014. He was elevated as MD & CEO of UCO Bank w.e.f 2nd November, 2015 and superannuated from UCO Bank on 1st November, 2018.
Shri Takkar has attended various seminars and conferences in India and abroad including Advanced Leadership Programme of CAFRAL, Leadership Development for corporate excellence of Kellogg and NIBM, SIBOS, IMF & World Bank Spring meeting. He has frequently featured on financial channels and newspapers and been a panelist member/speaker in various conferences.
Shri Takkar during his tenure as MD & CEO of UCO Bank was also appointed as director on the board of National Insurance Company Limited, member of governing body of NIBM, IIBM, SIBSTC, INPS, IBA, Chairman of governing body of IBPS and Chairman of negotiating committee for wage revision and HR committee of IBA, member Apex RBI Committee on MSMEs.
He is presently the Non-Executive Chairman and an Independent Director on the board of Nabsamruddhi Finance Limited, as well as an Independent Director at Aureus Investment Private Limited and Park Medi World Private Limited. He is also a working partner in M/s R and R Associates, a firm providing advisory services on legal and corporate matters
Mr. Ramesh Lakshman Adige, Non-Executive Independent Director is a B.E (Hons) from BITS Pilani & has a Post Graduate degree from the Faculty of Management Studies, University of Delhi. He has almost five decades of wide & in-depth experience, in the areas of Banking & Insurance, Marketing, Branding, Consumer durables, Automotive industry, Pharma, Global Corp Comm and Healthcare. In addition, Ramesh is adept at EHS and MDG/ESG administration, CSR, Sustainability reporting, Intellectual property policy, Public affairs, Public Policy, & Higher Education. He was Independent Director on the Board of Syndicate Bank & SUD Life and Fortis Healthcare. Ramesh was member of the BOG of the Indian Institute of Corporate Affairs. He was Executive Director on the Board of Fiat India, and Ranbaxy. He was Chairman of the PHD Rural Development Foundation. He was President of the Governing Council of ARAI, Pune, the premier institute for validation, homologation & certification of all automotive and allied industries. Ramesh was also a member of the Governing Council of TA Pai Management Institute Manipal for 15 years. He was a Member of the National Pharmacopeia Commission & National Formulary of India. After finishing his terms on various boards, he continues to be on the Board of LIC Housing Finance Limited, Union Bank of India Services Ltd and Fortis Malar Hospital Ltd. He is also Founder Member of the Biodiversity Foundation of NCT of Delhi chaired by the Lt Governor of Delhi. Ramesh has worked, in leadership roles in highly regulated & complex industries, and in challenging geographies such as India, USA, Europe and Africa, with a successful track record of building and managing the Brand and company reputation. The focus always being on value creation and positive outcome for stakeholders. His other interests are - Natural history, Ornithology & Tree Planting.
Shri Anil Kaul has been the former managing director of TATA Capital Housing Finance. He has been a part of the banking and insurance industry since 1989 in various capacities and was associated with marquee names such as Citi Bank N.A., Standard Chartered Bank, ICICI Bank, ICICI Lombard, etc. in senior leadership positions. During these associations, he specialised in building and scaling up businesses, managing large teams and also handled major organisational changes
Along with his wealth of experience spanning over 3 decades, He is a gold medallist in MBA (Finance). Mr Kaul has attended Columbia University and The Wharton School, University of Pennsylvania to advance his leadership expertise through various programmes.
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