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LIC Housing Finance Ltd (LICH.NS)

LICH.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Vijay Sharma

58 2016 Chairman of the Board, Additional Director

Vinay Sah

2017 Chief Executive Officer, Managing Director, Executive Director

P. Narayanan

2016 Chief Financial Officer

Sudipto Sil

2017 Deputy Chief Financial Officer and Investor Relations Manager

Samal P

General Manager

Gurmel Parmar

General Manager

Kiron Singh

General Manager

S. Thakkur

General Manager

Sadhana Deshpande

Chief Manager

Nikhil Jain

Chief Manager

N Mahesh

2014 Chief Manager

D Rawat

Chief Manager

Purti Samant

2014 Chief Manager

Jayshri Wartak

Chief Manager

Usha Sangwan

58 2016 Non-Executive Director

Savita Singh

2012 Non-Executive Director

Dharmendra Bhandari

2015 Non-Executive Independent Director

Jagdish Capoor

78 2012 Non-Executive Independent Director

V. Kukreja

62 2015 Non-Executive Independent Director

Ameet Patel

2015 Non-Executive Independent Director

T. Rao

2013 Non-Executive Independent Director

Debabrata Sarkar

2015 Non-Executive Independent Director

Biographies

Name Description

Vijay Sharma

Shri Vijay Kumar Sharma serves as Chairman of the Board, Additional Director of the company. He is a post-graduate (M.Sc.) in Botany from Patna University. Shri Sharma joined LIC as Direct Recruit Officer in 1981 and has grown with the Company since then. During his stint as Senior Divisional Manager, Karnal, a rural division, had catapulated to Number One position in the country in premium income ahead of all other metro centres. As Executive Director of Pension & Group Schemes, he pioneered the launch of various prestigious pension schemes in the country. As Zonal Manager in-charge of Southern Zone, he successfully turned around its operations and put it on growth trajectory, making it No. 1 zone in 2010. Currently he is on Board of LIC Pension Fund Limited, ACC Limited, ICICI Bank Limited, LIC Mutual Fund Asset Management Ltd, LIC Housing Finance Co. Ltd, LIC Card Services Ltd, LICHFL Asset Management Company Ltd, LIC (International) BSC Bahrain, Life Insurance Corporation (LIC) of Bangladesh Ltd, Kenindia Assurance Co. Ltd, LIC (Lanka) Ltd, LIC (Nepal) Ltd, Life Insurance Corporation (Singapore) Pte Ltd. and as a trustee of LIC Golden Jubilee Foundation.

Vinay Sah

Shri. Vinay Sah serves as Chief Executive Officer, Managing Director, Executive Director of the company. A Masters in Science (Statistics) from Lucknow University, Shri Sah started his career as a direct recruit officer with LIC of India (LICI) in 1983. Prior to heading LIC HFL, one of the largest housing finance companies in India, Shri. Vinay Sah was Executive Director- Marketing and Product Development, LICI since 2015-16. Under his leadership, LICI created history by achieving its First Premium Income target for 2016-17 in the month of February 2017 itself. During 2016-17, LICI procured First Premium Income (FPI) of ` 37853.87crores as against the FPI target of ` 31,000 crores. The market share of LICI in First Year Premium increased to 71.07% from 70.44% in the preceding year. The Corporation launched 9 individual plans during his two-year tenure as in charge of product development department.

P. Narayanan

Sudipto Sil

Samal P

Gurmel Parmar

Kiron Singh

S. Thakkur

Sadhana Deshpande

Nikhil Jain

N Mahesh

Mr. N Mahesh serves as Chief Manager of the company. He is a Chief Manager (Credit Monitoring, Non Core Monitoring, PR & Publicity, Project Finance - Marketing).

D Rawat

Purti Samant

Jayshri Wartak

Usha Sangwan

Ms. Usha Sangwan serves as Non-Executive Director of the company. Ms. Usha Sangwan, is the first ever woman Managing Director of Life Insurance Corporation of India. She is Post Graduate in Economics and Post Graduate Diploma holder in Human Resource Management and Licentiate from Insurance Institute of India. She joined LIC as Direct Recruit Officer in 1981. Mrs. Sangwan is the whole time Director of LIC of India, Board Member of General Insurance Corporation of India, LIC Housing Finance Ltd., Axis Bank, Ambuja Cements Ltd. and Bombay Stock Exchange Ltd., Board Member of LIC (International) BSC © Bahrain, Kenindia Assurance Co. Ltd., LIC Card Services Ltd., Member of Governing Council of National Insurance Academy, Member on the Board of Education of Insurance Institute of India, a Trustee of LIC Golden Jubilee Foundation, Chairman of LIC of India (Regular Part-time Employees)Pension Fund, Executive Committee, Investment Committee and Policyholders Protection Committee of LIC of India. She has been featured in Forbes List of 50 most powerful Business Women in Asia in 2015.

Savita Singh

Ms. Savita Singh serves as Non-Executive Director of LIC Housing Finance Ltd., since May 2012. She is a partner with the Real Estate team of the Firm Khaitan & Co. and is experienced in all kinds of property transactions, litigations arising out of property transactions and allied matters. She is a Masters of Arts and an LLB from Mumbai University (2001). Ms. Singh is a post graduate in English Literature from Kurukshetra University, Kurukshetra (Haryana) and a Law Graduate from Mumbai University, Mumbai. She also has professional affiliates with the Bar Council of Maharashtra and Goa. Her experience includes drafting real estate transactional documents of all kind of general Real Estate advisory work; due diligence of properties; handling litigations arising out of property transactions; and allied matters. Ms. Savita Singh has advised various owners, buyers, developers, corporate houses, individuals, domestic investors and foreign investors’ regarding transactions related to immovable properties and various issues related thereto including structuring. In addition to drafting the documents, she is also experienced in negotiating the same. She has also advised on Real Estate transactions in respect of commercial/retail complexes, multiplexes, hotel premises, redevelopment projects, serviced apartments, Special Economic Zones, InformationTechnology/Information Technology Enabled Services Parks and also Integrated Township Projects. She is experienced in Foreign Direct Investments in immovable property and has also advised as to Indian Law during the offer for subscription of units representing a Business Trust by way of an Initial Public Offering (IPO) in Singapore.

Dharmendra Bhandari

Dr. Dharmendra Bhandari serves as Non-Executive Independent Director of LIC Housing Finance Ltd., with effect from 19 August 2014. He has served as a member of the Faculty of Commerce in the University of Rajasthan, Jaipur. He has a PhD in Commerce and is also a qualified Chartered Accountant. He has more than 30 years of academic and professional experience in the financial sector. Dr. Bhandari has served as the Sole Consultant to the Joint Parliamentary Committee (JPC) that was set up by the Government of India for Enquiry into Irregularities in Securities and Banking Transactions (1992 – 93), where he assisted in writing the report, strengthening the systems and fixing accountability. In 1994, he was appointed as Officer on Special Duty (1994 – 95) with the Reserve Bank of India, Mumbai. He was also associated with the Department of Supervision for supervision of banks in India, including the overseas operations of Indian Banks and the branches of foreign banks in India, and in setting up market intelligence for surveillance and monitoring of banking system in India. He was also a member of the Central Council of the Institute of Chartered Accountants of India. Dr. Bhandari has served as Director of several public sector banks such as Dena Bank, Bank of Maharashtra and Bank of Baroda, and is currently a director on the Boards of JP Morgan Mutual Fund (India) Pvt Ltd, SBI Capital Markets, and several other financial institutions in the country. He has also served as Director on the Board of several companies such as Tata Timken, Birla Corp, and others. Apart from his ambitious pursuits in the fields of economics and finance, Dr. Bhandari has also authored several books, prominent among them being R K Laxman – The Uncommon Man, Mosaic of Faith – Places of Worship in India and Nani Palkhivala, God’s Gift to India (Biography by a friend).

Jagdish Capoor

Mr. Jagdish C. Capoor serves as Non-Executive Independent Director of LIC Housing Finance Ltd since May 2012. He has served RBI for 39 years in various capacities and finally retired as Deputy Governor in 2001. During his tenure as Deputy Governor he was appointed Chairman of Deposit Insurance and Credit Guarantee Corpn and also Chairman of RBI Note Mudran Ltd. (currency printing). These were concurrent charges. He was also appointed on Boards of several banks like Bank of Baroda, National Housing Bank, Exim Bank, Infrastructure Development and Finance Co Ltd, State Bank of India and National Bank for Agriculture and Rural Development. While with RBI, he was deputed to Unit Trust of India to take over as Chairman temporarily for a year in 1996. After retirement from RBI, he served as Chairman of HDFC Bank, Agriculture Finance Corporation and the Bombay Stock Exchange. Presently he is serving on several corporate boards – prominent among them being Manappuram Finance Ltd., LIC Pension Fund Ltd. and BanyanTree Bank in Mauritius. He is also member of the Board of Governors, Indian Institute of Management, Indore.

V. Kukreja

Shri. V. K. Kukreja serves as Non-Executive Independent Director of LIC Housing Finance Ltd., with effect from 19 August 2015. He is a Chartered Accountant by profession with a vast experience in the area of accounts, finance, fund management, portfolio management, research analytics& reporting and information technology. He has held various coveted and responsible positions throughout his career and has always added value to his erstwhile job role before moving on to the next position in order to continue to add value to his next job role. He started his career as an Accounts Officer and worked for National Textile Corporation and Central Electronics Ltd. (Ministry of Science and Technology) respectively in brief tenures. He joined Life Insurance Corporation of India (LICI) as Direct Recruit Officer (CA Batch) in Jan 1983. By 1996 he had been elevated to the post of Dy. General Manager in LIC Mutual Fund. In the year 2005 he was made Chief (Investment operations) in the Mumbai Head office of LICI where he managed Equity, Debt and G-Secs Portfolios and also managed the entire treasury operations. He also rose to become the Executive Director (Investment- RMR) in 2009 and established new Dept. Risk Management and Research. He retired from services of LIC of India as Executive Director on 30.09.2012. Shri. V. K. Kukreja has also been Nominee Director on the boards of various companies in sectors such as Power Generation & Distributions, Commodity Exchange, Co-operative Housing Finance and Brokerage. He was also a committee member on Committees of various Companies/ Funds, in sectors such as Private Equity, Infrastructure, IRDA etc. Global exposure:- Shri Kukreja participated in various international conferences like Deutsche Bank international credit market conference 2005 South Africa, 2nd Treasury offsite Macau, Hong Kong 2009 Birla Sunlife AMC. Shri Kukreja visited Bahrain in 2008 and formulated investment policy for LIC Bahrain office.

Ameet Patel

Shri. Ameet N. Patel serves as Non-Executive Independent Director of the company. He was appointed as Independent Director of LIC Housing Finance Ltd. on 19.08.2015. He qualified as a Chartered Accountant in 1986 with a rank at the all India level and has been in private practice since then. He did his articleship with a reputed firm – S.V. Ghatalia & Associates. Currently, he is a partner at Manohar Chowdhry & Associates. He has spent a large part of his professional career dealing with taxation matters and in the past few years, he has focused on tax matters of FIIs, Banks, Mutual Funds, QFIs and now FPIs. His core practice consists of tax planning, appeals and representations and Information Technology related issues. Lately, he has been focusing on tax related issues pertaining to the financial services sector – particularly FPIs and also NRIs. He is a member of the Finance & Taxation Panel of CII’s Maharashtra Region. He is also a member of the Journal Committee, International Tax Committee, HR & TI Committee and Chairman of Taxation Committee of Bombay Chartered Accountants’ Society (which is a voluntary body of CAs with about 8,600 members from across India). He was an elected member of the Managing Committee of the Bombay Chartered Accountants’ Society from 1998-99 to 2010-11 and has held various posts viz. Hon. Treasurer, Hon. Joint Secretary for several years and headed the organisation in 2009-10 as its President. Has been a member on various committees such as Taxation, Indirect Tax, Journal, Seminar, Public Relations, Professional Development and Information Technology. He is an independent non executive director of B4U Television Network India Ltd and B4U Broadband India Pvt Ltd. and also the chairman of the audit committees of both these companies. He has been actively involved with the activities of the Institute of Chartered Accountants of India and has been a regular speaker at various seminars and conferences organised by the ICAI, BCAS.

T. Rao

Mr. T. V. Rao serves as Non-Executive Independent Director of LIC Housing Finance Ltd. since August 2013. He is an Associate Member of Indian Institute of Bankers and is a career Banker with specialisation in Corporate Finance, Treasury Management and Mortgage backed Securitisation. In his career spanning over three decades, he has experience in general banking, corporate finance and Treasury Management. He has headed the Treasuries of National housing Bank, SIDBI and Exim Bank. In his last assignment, he spearheaded Exim Bank’s activities related to capacity building and value addition in international trade through focussed seminars/ programmes on a gamut of issues; net working with National and International agencies connected with foreign trade. Mr. Rao has widely travelled representing the institutions he was working from time to time and participated in various international seminars on topics like Mortgage backed Securitisation, Derivative Products, Structured Finance etc. He was a member of the International Trade Committee of the Federation of Karnataka Chambers of Commerce and Industry. He is an Independent Director on the Board of NATCO Pharma Ltd., Hyderabad Electronica Finance Ltd., Pune, Canfin Homes Ltd., Bangalore, STCI Finance Ltd., Mumbai, Kisan Mouldings Ltd., Mumbai and Public Representative Director on the Board of BgSE Financials Ltd., Bangalore.

Debabrata Sarkar

Shri. Debabrata Sarkar serves as Non-Executive Independent Director of LIC Housing Finance Ltd., with effect from 19 August 2015. He is a Qualified Chartered Accountant, with Master degree in Commerce from Calcutta University. He joined Bank of Baroda as Manager (Credit) in July, 1982 and handled various responsibilities in the area of General Banking Operations, International Banking, Credit, Treasury Operations and Internal Audit. He worked as Chief Manager (Internal Audit) at Bank of Baroda, Port Louis, Mauritius to look after internal audit of Mauritius, Seychelles & South Africa. In 2002, he was posted as Head of Treasury Operations at Mumbai. From 2005 to 2008, worked as Zonal Head at Surat (Gujarat), Chennai and Mumbai. Thereafter, he was posted as General Manager (Corporate Credit) at Central Office, Mumbai. He was promoted as Executive Director in December, 2009 and posted at Allahabad Bank, Kolkata. In April, 2012, he was promoted and posted as Chairman & Managing Director in Union Bank of India, Mumbai till retirement in November, 2013.