Who Is Rajesh Laheri, the New CFO of GIC Re?

Mumbai, June 18, 2026: General Insurance Corporation of India (GIC Re) has appointed Rajesh Laheri as its Chief Financial Officer (CFO) and Key Managerial Personnel with effect from June 18, 2026.

The appointment follows the resignation of V. Balkrishna, who stepped down as CFO after opting for voluntary retirement under the Corporation's Voluntary Retirement Scheme (VRS) due to personal reasons. However, he will continue to serve as General Manager and remain part of the senior management of the Corporation.

Rajesh Laheri joined GIC Re in 1998 as a direct recruit officer and has nearly three decades of experience across finance and reinsurance operations. He currently heads the General Accounts and Taxation Department of the Corporation.

A qualified Chartered Accountant, Laheri is also associated with the Institute of Company Secretaries of India, the Institute of Cost and Works Accountants of India and is a Fellow Member of the Insurance Institute of India. He has also served at GIC Re's London branch, where he handled finance and information technology functions.

In his resignation letter, V. Balkrishna said he was stepping down due to personal reasons and expressed gratitude to the Board for entrusting him with the role of CFO. He noted that he was leaving the position at a time when the Corporation's financial performance was at its strongest in its 55-year history.