People: Mahindra and Mahindra Ltd (MAHM.BO)
30 Apr 2015
Mr. S. B. Mainak is Non-Executive Independent Director of Mahindra And Mahindra Limited. Mr. S. B. Mainak, Managing Director of Life Insurance Corporation of India (“LIC”), is a Chartered Accountant. Prior to his joining as Managing Director, he was Executive Director (Investment Operations) managing LIC’s funds of more than Rs. 14 lakh crore. He joined LIC as a Direct Recruit Officer (CA Batch) in the year 1983. During his stint in LIC he has acquired a wide range of experience working not only in Finance and Accounts, but also in Marketing assignment as Senior Branch Manager, Divisional Manager of Pension & Group Superannuation and in various capacities in Investment Department and in Academics during a stint in National Insurance Academy ("NIA"), Pune as Professor (Life Insurance) and Head of Finance Department of NIA where he has been instrumental in creating new teaching programs relating to finance and investment for officials of Insurance Companies. Mr. Mainak is currently the Managing Director of LIC of India. He is the Chairman of LIC Nomura Mutual Fund Trustee Company Private Limited. He is also on the Boards of National Stock Exchange of India Limited, Mahindra & Mahindra Limited, ITC Limited, LIC Cards Services Limited and LIC (Nepal) Limited. He was on the Boards of Stock Holding Corporation of India and LIC Pension Fund Company Limited.
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