Mumbai: The Board of Directors of LIC Housing Finance has approved the appointment of Lokesh Mundhra as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from April 17, 2025. This decision follows the recommendations of the Nomination and Remuneration Committee and approval from the Audit Committee.
In a related move, Sudipto Sil, the former CFO, has been transferred and redesignated as Marketing Head of Western Region in Mumbai, effective the same day.
Mundhra, a qualified Chartered Accountant (CA), has served LIC of India for over 32 years in various roles, including Finance & Accounts, Personnel, Legal, and Investment. He played a pivotal role in the IPO and listing of LIC of India.
LICHF is a Public Sector Undertaking (PSU). It is a subsidiary of Life Insurance Corporation of India (LIC), which is a government-owned entity. LIC Housing Finance is primarily involved in providing housing loans to individuals and corporate entities, and it is listed on the stock exchanges in India.
