Venugopal, Sharma elevated as LIC managing directors

B Venugopal has been elevated to the rank of Managing Director of Life Insurance Corporation of India (LIC). Venugopal, born in 1959, joined LIC in November, 1983 as an Assistant Administrative Officer of the 12th Batch of Direct Recruits. He hails from Haripad in Allapuzha District of Kerala State, and is an alumnus of the University of Kerala. Prior to his appointment as Managing Director of LIC, he held the positions of Zonal Manager-In-Charge of Western Zone, from April 2015 to April 2017, Executive Director (IT/BPR) from April 2012 to April 2015, and Executive Director(IT/Software Development) from April 2008 to April 2012.

Sunita Sharma has been elevated to the rank of Managing Director of Life Insurance Corporation of India (LIC). She was the Managing Director & CEO of LIC Housing Finance before this appointment.

With a Masters Degree in Science from Delhi University, she joined the LIC as Direct Recruit Officer of 11th batch in 1981. As MD & CEO of LIC Housing Finance Ltd, she holds the prestige of becoming the first woman to head LIC HFL, India's second largest mortgage lender in its 25th year. Her vision was to transform the organisation from a "Good Company" to a "Great Company". The first major milestone was when the Company's housing loan portfolio crossed INR 1 lac crore mark in November 2014. During her tenure, LIC HFL has reached newer heights in the last three financial years both quantitatively and qualitatively.