Siddhartha Mohanty
Nominee of LIC
Mr. Siddhartha Mohanty is the Chief Executive Officer and Managing Director of LIC of India, which, with its more than $500 billion reserves, is the fourth largest insurer globally. He is a post-graduate in Political Science with a Bachelor’s degree in Law and a Post Graduate Certification in Business Management. Mr. Mohanty is an avid reader and embraces technological advances with enthusiasm.
He joined LIC, as a Direct Recruit Officer in 1985. During his tenure of almost four decades, he has gained a 360O knowledge and experience in every domain of Life Insurance. He has worked in Marketing, HR, Legal and Investments. Among the positions he held, most notable were Sr. Divisional Manager in charge, Regional Manager of Marketing Vertical, Chief of Investment, Executive Director (Legal) and CEO of LIC Housing Finance Ltd , a listed Associate Company of LIC of India and one of the largest Housing Finance Companies in India. Immediately before becoming Chairperson, Mr. Mohanty had worked as Managing Director of LIC of India.
He Chairs the Board of various National and International Subsidiaries and Associate Companies. In addition, he is the Chairperson of the Council of Insurance Ombudsmen, Chairman of the Governing Board of the National Insurance Academy and a member of the Council of the Institute of Actuaries of India.
His innovative style of working, strong analytical ability, strategic thinking and capability to arrive at simple solutions for complex problems have resulted in success in each of his assignments. He has to his credit a deep understanding of the landscape of the industry which helps him design unique strategies for achieving desired goals. He firmly believes that continued digital transformation is the mainstay for any Organisation.
Mr. Siddhartha Mohanty joined the Board on May 28, 2024.
