Usha Sangwan Explained

Usha Sangwan
Office:	Managing Director of Life Insurance Corporation of India
Birth Place:	Punjab, India
Parents:	Lakshman Das Mittal (father)^[1]
Nationality:	India

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. 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]

Profile

Sangwan has a Master's in Economics and Human Resources from Punjab University.^[4]

Career

Earlier 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.She is one of the directors of Axis Bank

Notes and References

1. Web site: 2023-05-29 . Meet Lachhman Das Mittal, India’s oldest billionaire with a net worth of Rs 23,000 crore; Know everything about him . 2024-01-02 . Financialexpress . en.
2. Web site: Members On The Board Of The Corporation . Life Corporation on India, Official Website . Life Corporation on India. November 9, 2013.
3. Web site: Forbes India Magazine - Lachhman Das Mittal: Tractor master. Forbes India. en-US. 2016-12-11.
4. Web site: Arundhati Bhattacharya to Archana Bhargava: A look at women achievers in PSU banks . The Economic Times . October 16, 2013 . November 9, 2013.