Usha Sangwan is an Indian business executive and entrepreneur currently Managing Director at Life Insurance Corporation of India, India's biggest life insurance company.[2] She is the first woman to reach this position in 2013. She has now been appointed as an Independent Director at LIC of India. Usha is the daughter of Lakshman Das Mittal, founder of Sonalika Group.[3] She spent 37 years working at LIC between 1981 and 2018. She joined Tata Motors as an additional director and independent director in 2023.[4]
Usha Sangwan | |
|---|---|
| Managing Director of Life Insurance Corporation of India | |
| Personal details | |
| Born | 1958 (age 65–66) Punjab, India |
| Nationality |  India |
| Parent | Lakshman Das Mittal (father)[1] |
Profile
editSangwan has a Master's in Economics and Human Resources from Punjab University.[5]
Career
editEarlier she has also handled LIC Housing Finance which is a subsidiary of LIC. She played an important role in turnaround of this company by raising $29.85 million through global depository receipts in 2004. She segregated marketing and underwriting divisions and introduced risk-based pricing.[5] She is one of the directors of Axis Bank
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References
edit- ^ "Meet Lachhman Das Mittal, India's oldest billionaire with a net worth of Rs 23,000 crore; Know everything about him". Financialexpress. 2023-05-29. Retrieved 2024-01-02.
- ^ Life Corporation on India. "Members On The Board Of The Corporation". Life Corporation on India, Official Website. Retrieved November 9, 2013.
- ^ "Forbes India Magazine - Lachhman Das Mittal: Tractor master". Forbes India. Retrieved 2016-12-11.
- ^ "Tata Motors appoints Usha Sangwan as Additional Director, Independent Director for 5 yrs". Live Mint.
- ^ a b "Arundhati Bhattacharya to Archana Bhargava: A look at women achievers in PSU banks". The Economic Times. October 16, 2013. Retrieved November 9, 2013.
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