The Board of Directors of Life Insurance Corporation of India (LIC) have approved the re-appointment of Shri Mahalingam G and Dr. V S Parthasarathy as Independent Directors for a further term of six months, commencing from January 29, 2026. The decision follows recommendations from the Nomination and Remuneration Committee.
Independent Directors’ Re-appointment
LIC’s Board of Directors has approved the re-appointment of two Independent Directors, effective January 29, 2026. The re-appointments are for a term of six months.
Key Appointments
Shri Mahalingam G (DIN: 09660723) and Dr. V S Parthasarathy (DIN: 00125299) will continue to serve as Independent Directors.
Shri Mahalingam G’s Background
Shri Mahalingam G has four decades of experience across the financial sector, including roles at the Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI). His expertise includes financial market development, regulation, foreign exchange reserves management, and debt management.
Dr. V S Parthasarathy’s Profile
Dr. V S Parthasarathy brings over 40 years of experience, having led businesses and organizational transformations. He is a Chartered Accountant and an alumnus of Harvard Business School’s Advance Management Programme. He has authored a book on M&A and serves on the board of several companies. He received Lifetime Achievement Awards for his CFO and CIO roles and Business World – Yes Bank Hall of Fame Award.
Source: BSE
