|Formation of the Company |
The Government of India has introduced the New Pension System (NPS), with effect from 1st January 2004. Pension Fund Regulatory and Development Authority (PFRDA) through a process of competitive bidding, has appointed Life Insurance Corporation (LIC) , State Bank of India (SBI), UTI Asset Management Company (UTI-AMC) and as Pension Fund sponsors under the NPS.
Consequent upon the selection as Sponsor , Life Insurance Corporation of India has formed LIC Pension Fund Limited LIC Pension Fund has been incorporated as a Public Limited Company on 21.11.07 by the Registrar of Companies, Maharashtra, Mumbai under Part IXA of the Companies Act, 1956 (No.1 of 1956) on 21st November, 2007. The Authorised Capital of the Company is Rs 25 Crores and Paid Up Capital of the Company is Rs 15 Crores. The Registrar of Companies Maharashtra, Mumbai has issued Certificate of Commencement of Business to LIC Pension Fund on 28th January, 2008. LIC Pension Fund is the first Pension Fund Company in India to be incorporated and to receive commencement of business certificate.
Board of Directors :
|Current-in-Charge-Chairman LIC Pension Fund Ltd & LIC of India. Shri Mehrotra has occupied several pivotal positions spanning three zones and the Corporate Office, which includes Zonal Manager in-charge of Eastern Zone and as Senior Divisional Manager in-charge of Ahmedabad and Dehradun divisions. He also had an International exposure in the field of Insurance during his posting in the foreign office of LIC at Suva in Fiji in 1985-89 and later led the Corporations overseas thrust as Executive Director (International Operations). He is Nominee Director on the Board of many Companies namely, ACC Ltd., ILFS Ltd., Escorts Ltd., ICICI Venture Fund Management Co. Ltd. etc. |
|Shri Thomas Mathew T:|
|He is the Managing Director of LIC of India and the Chairman of LIC Mutual Fund Trustee Company Private Limited. He is Nominee Director on the Board of many Companies & Institutions namely, Larsen & Toubro, Tata Power Company Ltd., Corporation Bank , LIC (International) B.S.C.(C), Bahrain etc.|
|Shri Jagdish Capoor:|
|He was former Chairman of HDFC Bank, UTI and BSE Ltd. and also former Dy. Governor, Reserve Bank of India. He has also been on the Board of many Banks and Companies namely SBI, Bank of Baroda, NHB, IDFC etc. Currently, he is also Director on the Board of Indian Hotels Co. Ltd., Asset Care & Reconstruction Enterprises Ltd., Manappuram General Finance & Leasing Ltd., Alankit Assignment Ltd. etc.|
|Shri M.N.Singh, IPS :|
| He joined IPS in 1965 and retired as Commissioner of Police Mumbai in the rank of Director General of Police. He is Co- promoter and Chairman of Invent Asset Securitisation Reconstruction Pvt. Ltd. and Director on the Board of India Infoline Investment Services Ltd.|
|Smt Bhavna G.Doshi:|
|She is a practising Chartered Accountant associated with national and international consulting firms for more than 25 years. She has extensive experience in accounting and corporate matters. Currently, she is also Director on the Board of Peninsula Land Ltd and SEAMAC Ltd |
| Shri S. Hariharan, Chief Executive Officer: |
| A Chartered Accountant by qualification, he is a well experienced professional in Insurance Industry having occupied Senior/ Top Management positions in the field of Insurance, Marketing and Finance. He was formerly Executive Director (Investment, Monitoring & Accounting), LIC of India. He has also occupied several pivotal positions which includes Principal, Zonal Training Centre, Chennai, Chief (Finance & Accounts, Department), LIC, Central Office and Senior Divisional Manager of the Corporation in different States. Currently he is a Nominee Director on the Board of Tidel Park Ltd. Chennai and is also holding Chairmanship of the Audit Committee of the Company. |
Ms.Anjali N. Desai: (Bcom., FIII), Deputy General Manager (Accounts & Risk Officer). Having 18 years of experience in Investment Department, LIC of India. She also worked as AGM LIC Mutual Fund for 3 years and in various branch offices of LIC for 9 years.
Mr. Kewal Chander: (Bcom., FCA), Chief Investment Officer. Having 10 years of experience in Finance & Accounts and Audit Department of LIC of India . He also worked as Manager LICHFL for 3 years and as Branch Head of LIC of India for 5 years.
Mr. M.N.Rao: (B. Com., FCA) Asst General Manager (Investment). Having 12 years experience in Finance & Accounts and Investment in LIC of India.
Ms. N.L. Matkar: (B. Sc.) Asst. General Manager (Accounts). Having 35 years of experience in Finance and Accounts in LIC of India.
Ms.Lakshmi Balan: (M.Com, FIII), Asst. General Manager (IT and Back Office). Having 17 years of experience in Investment Department of LIC of India, 2 years in Fund Management of LIC Mutual Fund and 2 years in Pension & Group Schemes Department of LIC of India.
Mr.Avinash C. Abhyankar:(M.Com, ACS ),Company Secretary, with 5 years experience in Capital Market, Merger and Acquisition, RBI and Customs. Working with LICPFL since 1/11/2010.
Mr. Vasudeo J. Gurjar: (B.Sc.LL.B.(Gen),FIII,MFM).Manager. Having 19 years experience in LIC of India with more than 11 years in various functional areas like Policy Servicing, Underwriting and Accounts and more than 7 years in Investment Operations like Equity Dealing in LIC of India.
Ms. Smita V Havnur: (B.Sc,FIII).Manager(IT and Back Office).Having 20 years of experience in LIC of India and has worked in Investment Department and in various branch offices
Mr. Sajan Jacob:(B.Com), Manager (HR/Admn & Customer Relations). Having 27 years of experience in LIC of India.
Ms. Daizy Brahmane:: (M.Com,AIII), Asst.Manager (Secretary to CEO), LICPFL having 20 years experience in LIC of India.
Mr Harshad S Parab: (MCOM,PGDFM,FIII) Manager (IT & Back Office) having 18 yrs experience in LIC of India and has worked in Accounts New Business MKTG Personnel Department of LIC of India.
Mr. Nitin Pareek:(B com, ACA), Asst. Manager (Investment) having 3 years of experience in the fields of Internal Audit, Taxation and Accounts.and 3 years of experience in LIC Pension Fund.
Member of Audit Committee:
1. SHRI JAGDISH CAPOOR,CHAIRMAN
2. SHRI THOMAS MATHEW T.,MEMBER
3. SHRI M.N.SINGH,MEMBER
4. SMT. A.N. DESAI,MEMBER
Member of Investment Management Committee:
1. SHRI JAGDESH CAPOOR,CHAIRMAN
2. SHRI M.N.SINGH,MEMBER
3. SHRI S. HARIHARAN
Member of Risk Management Committee:
1. SMT. BHAVNA DOSHI,CHAIRPERSON
2. SHRI S. HARIHARAN,MEMBER
3. SMT. A.N. DESAI,MEMBER