LIC Housing Finance Ltd has appointed Sandeep Kumar as Additional Director and Managing Director & Chief Executive Officer with effect from August 29 for a period of five years.
His appointment will remain valid as long as he continues to be deputed to LIC Housing Finance as a nominee director of Life Insurance Corporation of India, subject to shareholder approval within three months.
Appointment follows LIC nomination
Kumar will serve as a non-retiring director, subject to the required shareholder approval. Doraiswamy Ramachandran and Ratnakar Patnaik are also LIC nominees on the company’s board and are directors on the LIC of India board.
Both Ramachandran and Patnaik are employees of LIC. Kumar’s appointment adds another senior LIC executive to the leadership of the housing finance company.
Three decades of LIC experience
Kumar began his career with LIC in 1991 as a Direct Recruit Officer of the 18th (A) Batch. He holds a master’s degree in Mathematics from the University of Delhi.
With more than three decades of experience, he has held several key positions across marketing and administrative functions at LIC.
Led LIC HFL Financial Services
After being elevated to the Zonal Manager Selection Cadre, Kumar was appointed Director & CEO of LIC HFL Financial Services Ltd, Mumbai, in 2025.
His professional experience across LIC and its associated financial services businesses is expected to support his new responsibilities at LIC Housing Finance. Kumar’s interests include reading, travelling and playing chess.