The General Insurance Corporation of India has announced a key leadership transition. Mr. V. Balkrishna, the current Chief Financial Officer, will step down following his decision to opt for voluntary retirement. The Board of Directors has approved the appointment of Mr. Rajesh Laheri as the new Chief Financial Officer. Mr. Laheri, a seasoned professional with extensive experience within the corporation, will assume his new responsibilities effective from the date of taking charge.
Leadership Transition at GIC Re
On May 15, 2026, the Board of Directors of the General Insurance Corporation of India formally accepted the resignation of Mr. V. Balkrishna. He is departing from his role as General Manager and Chief Financial Officer, having availed the benefits of the corporation’s Voluntary Retirement Scheme. The Board has initiated a smooth transition plan to ensure continuity in financial operations.
Appointment of New CFO
The Board has appointed Mr. Rajesh Laheri, currently serving as a Deputy General Manager, as the new Chief Financial Officer and Key Managerial Person. Mr. Laheri brings a wealth of institutional knowledge to this position, having been associated with the organization since April 1998. The official date for his assumption of office will be announced in due course.
Professional Background of Mr. Rajesh Laheri
Mr. Laheri possesses a strong academic and professional foundation, holding memberships with the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India, the Institute of Cost and Works Accountants of India, and the Insurance Institute of India. Throughout his tenure, he has held various critical roles, including a six-year posting at the corporation’s London branch where he managed finance and technology operations. He is currently overseeing the General Accounts and Taxation Department.
Source: BSE
