LIC Housing Finance has appointed Doraiswamy Ramachandran as the new Chairman and Additional Non-Executive Director, effective October 16, 2025. The appointment, subject to regulatory approvals, was recommended by the Nomination & Remuneration Committee and approved by the Board of Directors. Ramachandran, also serving as Chief Executive Officer & Managing Director on the Board of LIC of India, brings extensive experience to the role.
Leadership Change at LIC Housing Finance
Doraiswamy Ramachandran has been appointed as the new Chairman and Additional Non-Executive Director of LIC Housing Finance, effective October 16, 2025.
Appointment Details
The appointment of Doraiswamy Ramachandran (DIN: 10358884) follows the recommendations of the Nomination & Remuneration Committee. The Board of Directors approved the decision, making Ramachandran an Additional Director in the Non-Executive (Nominee) category and Chairman of the Company. This appointment is subject to approval from the Reserve Bank of India.
Director Qualifications
Doraiswamy Ramachandran currently serves as the Chief Executive Officer & Managing Director on the Board of LIC of India. He confirmed meeting the Fit & Proper Criteria. His term is not liable to retirement by rotation, subject to shareholder approval within three months.
Source: BSE
