Siddhartha Mohanty (62) was appointed as a Non-Executive Director on the Board of ITC effective January 1, 2025, representing the Life Insurance Corporation of India ('LIC').
Mohanty is a Post Graduate in Political Science with a Bachelors
Degree in Law and Post Graduate Certification in Business Management.
Mohanty retired as the Chief Executive Officer and Managing Director of LIC on June 7, 2025. During his career at LIC spanning nearly four decades, he has gained multi-dimensional experience across all domains of life insurance covering Marketing, Human Resources, Legal and Investments. He has held various important positions in LIC, including tenures as Senior Divisional Manager in-charge of Raipur and Cuttack Divisions, Regional Head of a marketing vertical in the Western Zone, Chief of Investments (Back Office), Executive Director (Legal) and Managing Director & Chief Executive Officer of LIC Housing Finance Limited. He was also designated as the Chairperson of LIC from April 2023 to June 2024.
Mohanty has been on the Boards of LIC Housing Finance Limited, LIC Cards Services Limited and LIC Mutual Fund Asset Management Limited, amongst others. He also served as the Chairperson of the Council for Insurance Ombudsmen, President of the Insurance Institute of India, Chairman of the Governing Board of the National Insurance Academy, Pune, Chairman of the Executive Committee of the Life Insurance Council, and a Council Member of the Institute of Actuaries of India.
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