Siddhartha Mohanty takes charge as MD of LIC

GUWAHATI: Siddhartha Mohanty has taken charge on Monday as Managing Director of LIC of India. He was appointed as Managing Director vide Government of India notification dated January 20, 2021.

Prior to taking charge as Managing Director of LIC, he was Managing Director & Chief Executive Officer of LIC Housing Finance Limited (LIC HFL), one of the largest housing finance companies in India. He was also LIC HFL's Chief Operating Officer. Mohanty started his career as a direct recruit officer with LIC of India in 1985 and has risen through the ranks to this senior position. Before joining LIC HFL, he was Executive Director-Legal with LIC of India.

In a career spanning over three decades in the Corporation, Mohanty has made his mark in the areas of Marketing, HR, Investments and Legal. He has served as Chief of Investments (Monitoring), Regional Head of a marketing vertical of LIC's Western Zone spanning the States of Maharashtra, Gujarat and Goa. He was the Senior Divisional Manager in-charge of Raipur and Cuttack divisions of LIC of India, stated a press release.

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