LICHFL Trustee Company Private Limited
Independent Oversight. Strong Fiduciary Governance
LICHFL Trustee Company Private Limited acts as trustee to designated funds, ensuring governance discipline, fiduciary oversight, and alignment with applicable regulations. LICHFL Trustee Company Private Limited is a wholly owned subsidiary of LIC Housing Finance Limited and serves as trustee to select investment vehicles managed within the LICHFL platform. Its role is to safeguard trust property, oversee compliance obligations, and ensure that fund operations are carried out in accordance with governing documents and applicable law.
Trustee Responsibilities
- Hold trust property in fiduciary capacity
- Oversee adherence to trust deeds
- Monitor regulatory compliance
- Protect investor interests
- Support transparent fund governance
- Supervise structural integrity of fund operations
Our Objectives
Governance Oversight
Ensure trust structures operate according to governing documents.
Regulatory Compliance
Support adherence to applicable laws and regulations.
Fiduciary Responsibility
Act in the best interests of beneficiaries and stakeholders.
Institutional Discipline
Maintain high standards of accountability and transparency.
Our Board of Directors
Mr. Jagdish Capoor
Former Director of LIC Housing Finance Ltd. Former Deputy Governor of Reserve Bank of India.
Former Chairman of the Deposit Insurance and Credit Guarantee Corporation of India, Unit Trust of India, Bharatiya Reserve Bank Note Mudran Ltd., Agricultural Finance Corporation, HDFC Bank Ltd. and BSE. Director on the Boards of Quantum Trustee Company Private Ltd. as well as of LIC Pension Fund Ltd
Hariom Jagannivas Panchariya
General Manager (Accounts) of LIC Housing Finance Ltd.
A seasoned finance professional with over 25 years of experience across accounting, investments, and fund management within the LIC Group. A Chartered Accountant, he has held key roles in equity research, portfolio management, and international operations, contributing to global initiatives and joint ventures across multiple countries. Currently serving in a senior leadership role at LIC Housing Finance Limited, he brings deep expertise in financial management, investment strategy, and institutional governance.
Mr. Lokesh Mundhra
Chief Finance Officer of LIC Housing Finance Ltd.
He is a Chartered Accountant and holds a Commerce degree from the University of Rajasthan, Jaipur, where he secured First Merit at the university level during his second year of B.Com.
He began his career with LIC of India in 1993 as a Direct Recruit Officer (Assistant Administrative Officer – CA). Over more than 32 years, he has held a variety of key roles in departments such as Finance, Accounts, Audit, Personnel, Estate, and Investments. His extensive experience has provided him with a comprehensive understanding of regulatory compliance and strategic financial management. Mr. Mundhras leadership has been pivotal in advancing investment strategies, financial accounting, industrial relations, and estate management.
In the last six years, he has played a crucial role in LICs investment operations, acting as Fund Manager for the Equity and Debt portfolios of P&GS; Funds, where he managed Assets under Management (AUM) exceeding 11.50 lakh crores. Under his guidance, the fund achieved industry-leading results in FY25. He has also spearheaded significant improvements in equity research and introduced innovative approaches to credit rating reviews in the debt portfolio.
Mr. Mundhra’s appointment as Nominee Director underscores the companys commitment to leveraging experienced leadership to foster growth, strengthen fiscal discipline, and maintain high standards of governance while navigating future opportunities and challenges.