LIC Housing Finance Ltd. Mr. Sandeep Kumar

LIC Housing Finance Ltd. has appointed Mr. Sandeep Kumar as Managing Director and Chief Executive Officer, effective August 29, 2026. The Board of Directors approved this appointment as an Additional Director (in the capacity of MD & CEO) and Key Managerial Personnel on August 28, 2026. Appointment Framework Tenure Structure: The appointment spans up to a maximum of five years, co-terminus with his deputation as a nominee director of Life Insurance Corporation of India (LIC). The position is not subject to retirement by rotation. Regulatory Approvals: The transition remains subject to shareholder ratification, which must be secured at the next general meeting or within three months of the appointment date, whichever is earlier. Compliance Verification: Mr. Kumar has confirmed compliance with the National Housing Bank’s (NHB) fit-and-proper criteria for board appointments and is not debarred from holding directorships by SEBI or any other regulatory authority. Executive Background Mr. Kumar brings over three decades of institutional experience to the leadership role. Joining LIC as a direct recruit officer in 1991, he has demonstrated a strong track record across administrative, operational, and marketing functions. Recent Leadership: Prior to this appointment, he served as the Director and CEO of LIC HFL Financial Services Ltd., Mumbai, a role he assumed in 2025 following his elevation to the Zonal Manager Selection Cadre. Corporate Oversight: His expansive career at LIC includes serving as Chief Personnel at the central office, Secretary (Marketing) for the Northern Zone, and Senior Divisional Manager for the Nadiad and Delhi-III divisions. Field Experience: He has successfully managed regional market operations in various capacities across Bikaner, Delhi, Vadodara, and Ahmedabad.