Usha Sangwan
Managing Director of Life Insurance Corporation of India
Personal details
Born1958 (age 65–66)
Punjab, India
Nationality India
ParentLakshman Das Mittal (father)[1]

Usha Sangwan is an Indian business executive and entrepreneur currently Managing Director at Life Insurance Corporation of India, India's biggest life insurance company.[2] She is the first woman to reach this position. She has now been appointed as an Independent Director at LIC of India. Usha is the daughter of Lakshman Das Mittal, founder of Sonalika Group.[3]

Profile

Sangwan has a Master's in Economics and Human Resources from Punjab University.[4]

Career

Earlier she has also handled LIC Housing Finance which is a subsidiary of LIC. She played an important role in turnaround of this company by raising $29.85 million through global depository receipts in 2004. She segregated marketing and underwriting divisions and introduced risk-based pricing.[4] She is one of the directors of Axis Bank

The Chairman, Life Insurance Corporation (LIC) of India, Shri S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley, in New Delhi on December 15, 2014. The Finance Secretary, Shri Rajiv Mehrishi, the Secretary, Department of Financial Services, Ministry of Finance, Dr. Hasmukh Adhia and Shri Manak, Shri V.K. Sharma, Ms. Usha Sangwan, all Managing Directors, LIC are also seen.

References

  1. ↑ "Meet Lachhman Das Mittal, India's oldest billionaire with a net worth of Rs 23,000 crore; Know everything about him". Financialexpress. 2023-05-29. Retrieved 2024-01-02.
  2. ↑ Life Corporation on India. "Members On The Board Of The Corporation". Life Corporation on India, Official Website. Retrieved November 9, 2013.
  3. ↑ "Forbes India Magazine - Lachhman Das Mittal: Tractor master". Forbes India. Retrieved 2016-12-11.
  4. 1 2 "Arundhati Bhattacharya to Archana Bhargava: A look at women achievers in PSU banks". The Economic Times. October 16, 2013. Retrieved November 9, 2013.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.