MUMBAI — The Board of Directors of LIC Housing Finance Limited has approved significant changes to its senior management team to strengthen its governance and digital security frameworks. The move, effective from April 2026, follows recommendations from the Nomination and Remuneration Committee.
The transition involves the extension of the Chief Risk Officer’s tenure and the appointment of a new Chief Information Security Officer, aligned with SEBI disclosure requirements.
Extension of Chief Risk Officer Tenure
The Board has extended the term of J. Sangameswar as Chief Risk Officer (CRO). His renewed tenure will run from May 9, 2026, to April 30, 2028.
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Expertise: Sangameswar brings over 30 years of experience in credit appraisal, finance, and enterprise risk management.
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Track Record: He is credited with strengthening the organization’s risk culture and improving asset quality in collaboration with the National Housing Bank.
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Background: An Associate Member of the Institute of Cost Accountants of India, he holds an Applied Finance certification from IIM Calcutta.
New Chief Information Security Officer Appointed
Jimit Narendra Shah has been appointed as the Chief Information Security Officer (CISO), effective April 10, 2026.
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Professional Pedigree: Shah joins from Aditya Birla Housing Finance and has previously held leadership roles at IndusInd Bank, Reliance Industries, and PwC.
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Specialization: With over 15 years in cybersecurity, he specializes in ISO 27001 implementation, cloud security, and data protection frameworks.
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Strategic Focus: His appointment is aimed at fortifying the company’s resilience against evolving digital threats and regulatory requirements.
Focus on Resilience and Growth
These appointments highlight LIC Housing Finance’s proactive approach to managing the complex intersection of financial risk and information technology. By securing veteran leadership in these roles, the company aims to enhance stakeholder value and ensure long-term operational stability in a digitizing market.
