Board of Directors

Experienced Oversight. Strong Governance

Our Board brings deep expertise across insurance, housing finance, investments, banking, and corporate governance to guide long-term value creation.

Mr. Ratnakar Patnaik

Managing Director of LIC of India

Mr. Ratnakar Patnaik

Managing Director of LIC of India

He took charge as Managing Director of LIC of India on 1st June 2025. Prior to this, he was Executive Director (Investment- Front Office) & Chief Investment Officer. He joined LIC of India in September 1990 as Assistant Administrative Officer. He has worked across four Zones of the Corporation in various capacities including 10 years as Branch-In-Charge. He was Chief Manager of Tumluk Branch, the then All India Number One Branch in NOP. During his tenure, the Branch completed a record number of 78359 policies in a financial year and the record is still unbeaten. During his 22 years in conventional marketing, he was Marketing Manager of Asansol & KMDO-1 Divisions under EZ. He headed Indore and Jamshedpur Divisions as Senior Divisional Manager before taking charge of the Chief Life Insurance Advisor (CLIA) Channel of Eastern Zone at Kolkata as Regional Manager (Marketing CLIA). On promotion to Zonal Manager, he started his tenure in Investment- Front Office in May 2021 as Chief (Investment), Central Office, Mumbai. Thereafter, on promotion to Zonal Manager (Selection), he took charge as Executive Director (Investment- Front Office) & Chief Investment Officer of the Corporation in April 2023.

Mr. Devojit Sanyal

Director & Chief Executive Officer

Mr. Devojit Sanyal

Director & Chief Executive Officer

Began his journey with LIC of India in 1991 as 19th Batch Direct Recruit Officer. With over three decades of dedicated service, he brings with him more than 20 years of rich and proven experience in the field of marketing. He served in various branches in LIC of India and was also posted on deputation to LIC (Nepal) where he was heading marketing assignment of the entire country. He was also Marketing Manager in MDO-1, Mumbai Division as well as in Nagpur Division. He was Sr. Divisional Manager in Amravati and Mumbai SSS Division. His last assignment before joining here was as Chief (P&GS;)/PCC in LIC, CO, Mumbai. Academically, he holds a Post Graduate Diploma in Computer Applications. Beyond his professional life, he has a passion for music and travel.

Mr. T. Adhikari

Managing Director and CEO, LIC Housing Finance Ltd.

Mr. T. Adhikari

Managing Director and CEO, LIC Housing Finance Ltd.

He joined LIC of India as Direct Recruit and in his work experience of more than three decades he has worked across diverse locations in the country. The vast geographical exposure has endowed him with a profound understanding of regional dynamics, market nuances and evolving customer sentiments.

Mr. Dhananajay Mungale

Director at Mahindra and Mahindra Financial Services and JP Morgan Securities India Private Ltd.

Mr. Dhananajay Mungale

Director at Mahindra and Mahindra Financial Services and JP Morgan Securities India Private Ltd.

He was the former Head of Corporate Finance Group at DSP Financial Consultants. He also worked at Bank of America, in the capacities of Head of Capital Markets India and Vice President of Private Banking in London. He has also been a former member of the Apex Executive Committee at DSP Merrill Lynch.

Mr. Anil Kaul

Former Managing Director, TATA Capital Housing Finance Ltd.

Mr. Anil Kaul

Former Managing Director, TATA Capital Housing Finance Ltd.

He brings with him rich experience of working in Banking and Finance Industries for more than three decades. He worked with ICICI Group for more than two decades and in Rural & Inclusive Banking Group, Future Capital Holdings Ltd., Bank Muscat SAOG, Standard Charted Bank India and Citibank N.A. India.

Mr. Praveen Kumar Molri

Former Executive Director (Investments-Operations) at LIC of India

Mr. Praveen Kumar Molri

Former Executive Director (Investments-Operations) at LIC of India

He joined LIC of India in 1985, and worked for more than 34 years in various capacities in Marketing, Finance, Risk Management and Investment; retiring in 2019 as Executive Director (Investments-Operations). He has exposure to LIC investment operations and important portfolios like Equity, Debt, Treasury, Pension, Group Schemes and ULIP. He was a Board member of listed Companies like Excel Industries Limited and Ambuja Cement Limited.

Board of Directors

Experienced Oversight. Strong Governance

Mr. Ratnakar Patnaik

Mr. Devojit Sanyal

Mr. T. Adhikari

Mr. Dhananajay Mungale

Mr. Anil Kaul

Mr. Praveen Kumar Molri

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