The Ministry of Finance has extended the additional charge of the post of Chairman-cum-Managing Director (CMD) for Shri Hitesh Ramesh Chandra Joshi. This extension is effective from 1st April 2026 for a period of three months, or until a regular successor assumes charge, whichever occurs first. Shri Joshi, currently an Executive Director at the organization, brings extensive leadership experience across key functional areas including finance, risk management, and international operations.
Leadership Extension Announced
General Insurance Corporation of India has confirmed that the Competent Authority has approved the continuation of Shri Hitesh Ramesh Chandra Joshi as the Chairman-cum-Managing Director (CMD) on an additional charge basis. This transition ensures leadership stability, effective from 1st April 2026, for a tenure of three months, subject to the appointment of a regular incumbent or further official instructions.
Executive Background and Expertise
Shri Hitesh Ramesh Chandra Joshi is a distinguished professional holding a post-graduate degree in Accountancy and a master’s degree in financial management from the Jamnalal Bajaj Institute of Management Studies. He is also a Fellow of the Insurance Institute of India. His career with the corporation has spanned a diverse range of critical functions, including reinsurance, retrocession, finance, enterprise risk management, and strategic planning.
Core Operational Oversight
During his tenure as Executive Director, Shri Joshi has overseen a broad spectrum of departments and strategic initiatives. His areas of expertise and management have included Human Resource Management, Information Technology, International Business Operations, and Audit & Compliance. Additionally, he has successfully managed complex vertical operations such as Claims, Legal, Mergers & Acquisitions, and the Business Intelligence Unit (BIU), providing him with a comprehensive understanding of the organization’s multifaceted operations.
Source: BSE
