GIC Re Extends CMD Powers of Hitesh Ramesh Chandra Joshi Till New Appointment
New Delhi: General Insurance Corporation of India GIC Re has announced the extension of financial and administrative powers of Shri Hitesh Ramesh Chandra Joshi Executive Director. The decision has been approved by the Government of India Ministry of Finance Department of Financial Services.
According to the official disclosure dated 7 January 2026 the extension will be effective from 1 January 2026 for a further period of three months or until a regular Chairman and Managing Director is appointed or until further orders whichever is earlier.
Earlier these powers were entrusted to Shri Hitesh Ramesh Chandra Joshi from 1 October 2025 for an initial period of three months. The latest approval ensures continuity in leadership and operational stability at GIC Re.
About Hitesh Ramesh Chandra Joshi
Shri Hitesh Ramesh Chandra Joshi is a senior professional with extensive experience in the insurance and financial sector.
Key highlights of his profile include
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Post Graduate in Accountancy from Mumbai University
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Masters degree in Financial Management from Jamnalal Bajaj Institute of Management Studies Mumbai
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Fellow of the Insurance Institute of India
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Experience across reinsurance finance internal audit investor relations budgetary control and credit rating
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Currently oversees International Business Operations Human Resources Information Technology Office Services Business Intelligence and Actuarial functions at GIC Re
His leadership role is considered crucial for the company during the transition period until the appointment of a regular CMD.
Also Read: ONGC Announces Superannuation of Three Executive Directors
Impact on GIC Re
The extension of CMD powers ensures uninterrupted strategic direction and administrative stability at GIC Re. It also reflects the confidence of the Government of India in Shri Joshi’s capabilities to guide the corporation during this important phase.