Edition:
India

LIC Housing Finance Ltd (LICH.NS)

LICH.NS on National Stock Exchange of India

492.55INR
25 Apr 2019
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Summary

Name Age Since Current Position

M. Kumar

2019 Additional Non-Executive Chairman of the Board

Vinay Sah

2017 Chief Executive Officer, Managing Director, Executive Director

P. Narayanan

2016 Chief Financial Officer

Sudipto Sil

2017 Deputy Chief Financial Officer and Investor Relations Manager

Dipak Bardoloi

General Manager Legal and Audit

P Samal

General Manager Marketing-Retail and Corporate, Online Marketing, Portfolio Management, Market Research and Subsidiary Monitoring

Jaspal Singh

General ManagerHR, OS and Estates

Kiron Singh

General Manager IT and Accounts

S. Thakkur

General Manager - PF, Credit Appraisal- Project and CRM

N Mahesh

2014 Chief Manager - Credit Monitoring - Non Core, PR and Publicity, Marketing - Retail and Project

Purti Samant

2014 Chief Manager -Compliance, Knowledge Management and Project Monitoring

Hemant Bhargava

2018 Additional Nominee Director

P. Koteshwara Rao

2018 Additional Independent Director

Dharmendra Bhandari

2015 Non-Executive Independent Director

Jagdish Capoor

79 2012 Non-Executive Independent Director

V. Kukreja

2015 Non-Executive Independent Director

Ameet Patel

2015 Non-Executive Independent Director

Biographies

Name Description

M. Kumar

Vinay Sah

Shri. Vinay Sah serves as Chief Executive Officer, Managing Director, Executive Director of the company. A Masters in Science (Statistics) from Lucknow University, Shri Sah started his career as a direct recruit officer with LIC of India (LICI) in 1983. Prior to heading LIC HFL, one of the largest housing finance companies in India, Shri. Vinay Sah was Executive Director- Marketing and Product Development, LICI since 2015-16. Under his leadership, LICI created history by achieving its First Premium Income target for 2016-17 in the month of February 2017 itself. During 2016-17, LICI procured First Premium Income (FPI) of ` 37853.87crores as against the FPI target of ` 31,000 crores. The market share of LICI in First Year Premium increased to 71.07% from 70.44% in the preceding year. The Corporation launched 9 individual plans during his two-year tenure as in charge of product development department.

P. Narayanan

Sudipto Sil

Dipak Bardoloi

P Samal

Jaspal Singh

Kiron Singh

S. Thakkur

N Mahesh

Mr. N Mahesh serves as Chief Manager of the company. He is a Chief Manager (Chief Manager - Credit Monitoring - Non Core, PR and Publicity, Marketing - Retail and Project

Purti Samant

Hemant Bhargava

P. Koteshwara Rao

Dharmendra Bhandari

Dr. Dharmendra Bhandari serves as Non-Executive Independent Director of LIC Housing Finance Ltd., with effect from 19 August 2014. He has served as a member of the Faculty of Commerce in the University of Rajasthan, Jaipur. He has a PhD in Commerce and is also a qualified Chartered Accountant. He has more than 30 years of academic and professional experience in the financial sector. Dr. Bhandari has served as the Sole Consultant to the Joint Parliamentary Committee (JPC) that was set up by the Government of India for Enquiry into Irregularities in Securities and Banking Transactions (1992 – 93), where he assisted in writing the report, strengthening the systems and fixing accountability. In 1994, he was appointed as Officer on Special Duty (1994 – 95) with the Reserve Bank of India, Mumbai. He was also associated with the Department of Supervision for supervision of banks in India, including the overseas operations of Indian Banks and the branches of foreign banks in India, and in setting up market intelligence for surveillance and monitoring of banking system in India. He was also a member of the Central Council of the Institute of Chartered Accountants of India. Dr. Bhandari has served as Director of several public sector banks such as Dena Bank, Bank of Maharashtra and Bank of Baroda, and is currently a director on the Boards of JP Morgan Mutual Fund (India) Pvt Ltd, SBI Capital Markets, and several other financial institutions in the country. He has also served as Director on the Board of several companies such as Tata Timken, Birla Corp, and others. Apart from his ambitious pursuits in the fields of economics and finance, Dr. Bhandari has also authored several books, prominent among them being R K Laxman – The Uncommon Man, Mosaic of Faith – Places of Worship in India and Nani Palkhivala, God’s Gift to India (Biography by a friend).

Jagdish Capoor

Mr. Jagdish C. Capoor serves as Non-Executive Independent Director of LIC Housing Finance Ltd since May 2012. He has served RBI for 39 years in various capacities and finally retired as Deputy Governor in 2001. During his tenure as Deputy Governor he was appointed Chairman of Deposit Insurance and Credit Guarantee Corpn and also Chairman of RBI Note Mudran Ltd. (currency printing). These were concurrent charges. He was also appointed on Boards of several banks like Bank of Baroda, National Housing Bank, Exim Bank, Infrastructure Development and Finance Co Ltd, State Bank of India and National Bank for Agriculture and Rural Development. While with RBI, he was deputed to Unit Trust of India to take over as Chairman temporarily for a year in 1996. After retirement from RBI, he served as Chairman of HDFC Bank, Agriculture Finance Corporation and the Bombay Stock Exchange. Presently he is serving on several corporate boards – prominent among them being Manappuram Finance Ltd., LIC Pension Fund Ltd. and BanyanTree Bank in Mauritius. He is also member of the Board of Governors, Indian Institute of Management, Indore.

V. Kukreja

Shri. V. K. Kukreja serves as Non-Executive Independent Director of LIC Housing Finance Ltd., with effect from 19 August 2015. He is a Chartered Accountant by profession with a vast experience in the area of accounts, finance, fund management, portfolio management, research analytics& reporting and information technology. He has held various coveted and responsible positions throughout his career and has always added value to his erstwhile job role before moving on to the next position in order to continue to add value to his next job role. He started his career as an Accounts Officer and worked for National Textile Corporation and Central Electronics Ltd. (Ministry of Science and Technology) respectively in brief tenures. He joined Life Insurance Corporation of India (LICI) as Direct Recruit Officer (CA Batch) in Jan 1983. By 1996 he had been elevated to the post of Dy. General Manager in LIC Mutual Fund. In the year 2005 he was made Chief (Investment operations) in the Mumbai Head office of LICI where he managed Equity, Debt and G-Secs Portfolios and also managed the entire treasury operations. He also rose to become the Executive Director (Investment- RMR) in 2009 and established new Dept. Risk Management and Research. He retired from services of LIC of India as Executive Director on 30.09.2012. Shri. V. K. Kukreja has also been Nominee Director on the boards of various companies in sectors such as Power Generation & Distributions, Commodity Exchange, Co-operative Housing Finance and Brokerage. He was also a committee member on Committees of various Companies/ Funds, in sectors such as Private Equity, Infrastructure, IRDA etc. Global exposure:- Shri Kukreja participated in various international conferences like Deutsche Bank international credit market conference 2005 South Africa, 2nd Treasury offsite Macau, Hong Kong 2009 Birla Sunlife AMC. Shri Kukreja visited Bahrain in 2008 and formulated investment policy for LIC Bahrain office.

Ameet Patel

Shri. Ameet N. Patel serves as Non-Executive Independent Director of the company. He was appointed as Independent Director of LIC Housing Finance Ltd. on 19.08.2015. He qualified as a Chartered Accountant in 1986 with a rank at the all India level and has been in private practice since then. He did his articleship with a reputed firm – S.V. Ghatalia & Associates. Currently, he is a partner at Manohar Chowdhry & Associates. He has spent a large part of his professional career dealing with taxation matters and in the past few years, he has focused on tax matters of FIIs, Banks, Mutual Funds, QFIs and now FPIs. His core practice consists of tax planning, appeals and representations and Information Technology related issues. Lately, he has been focusing on tax related issues pertaining to the financial services sector – particularly FPIs and also NRIs. He is a member of the Finance & Taxation Panel of CII’s Maharashtra Region. He is also a member of the Journal Committee, International Tax Committee, HR & TI Committee and Chairman of Taxation Committee of Bombay Chartered Accountants’ Society (which is a voluntary body of CAs with about 8,600 members from across India). He was an elected member of the Managing Committee of the Bombay Chartered Accountants’ Society from 1998-99 to 2010-11 and has held various posts viz. Hon. Treasurer, Hon. Joint Secretary for several years and headed the organisation in 2009-10 as its President. Has been a member on various committees such as Taxation, Indirect Tax, Journal, Seminar, Public Relations, Professional Development and Information Technology. He is an independent non executive director of B4U Television Network India Ltd and B4U Broadband India Pvt Ltd. and also the chairman of the audit committees of both these companies. He has been actively involved with the activities of the Institute of Chartered Accountants of India and has been a regular speaker at various seminars and conferences organised by the ICAI, BCAS.