People: Mahindra and Mahindra Ltd (MAHM.NS)
Shri. Vijay Kumar Sharma serves as Nominee Non-Executive Director of Life Insurance Corporation of India of the Company. He is a post-graduate (M.Sc.) in Botany from Patna University. Mr. Sharma joined Life Insurance Corporation of India (“LIC”) as Direct Recruit Officer in 1981 and has grown with LIC since then. He held various challenging assignments pan India and in all operational streams including in-charge positions at different levels. Working across length and breadth of the country has added immensely to his experience and honed his understanding of demographics of the country, socioeconomic needs of different regions and multi-cultural challenges in implementation of LIC’s objectives. Mr. Vijay Kumar Sharma superannuated as Chairman of LIC on 31st December, 2018. Prior to his taking over as Chairman on 16th December, 2016, he served as a Chairman (In charge) from 16th September, 2016 and Managing Director, Life Insurance Corporation of India from 1st November, 2013. From December 2010 to November 2013, he served as a Managing Director & Chief Executive Officer, LIC Housing Finance Limited (LICHFL), a premiere housing finance company in the country. As MD & CEO of LICHFL, he stabilized the operations under most challenging circumstances of negative media glare, intense scrutiny by Regulator & others and turned it around to be the best Housing Finance Company in 2011.
|Total Annual Compensation, INR||3,193,000|
|Restricted Stock Award, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||--|
|Fiscal Year Total, INR||3,193,000|