LIC Housing Finance appoints New Chief Financial Officer
LIC Housing Finance appoints Lokesh Mundhra as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective April 17, 2025.
New Delhi: The LIC Housing Finance Board of Directors at its meeting held today on 17th April, 2025 based on the recommendation of the Nomination and Remuneration Committee and approval of Audit Committee, has approved appointment of Lokesh Mundhra, as a Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from 17th April, 2025.
Consequent to the above, Shri Sudipto Sil, who was a Chief Financial Officer and designated as Key Managerial Personnel, has been transferred and redesignated as Marketing Head of Western Region at Mumbai with effect from 17th April, 2025.
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Shri Lokesh Mundhra is in the cadre of Zonal Manager at LIC of India. He is a qualified Chartered Accountant. Further, he has served in various
roles at LIC of India for the last 32 years in various departments like Finance & Accounts, Personnel, Legal, Estates, with the last six years in the investment department of LIC with exposure to all three wings of investment, i.e. operations, monitoring and front office. He has been instrumental in successfully concluding the transaction of bringing up the IPO and Listing of the Equity Shares of LIC of India