LIC Housing Finance Appoints Sandeep Kumar As New MD And CEO

Board appointed Shri Sandeep Kumar as Additional Director and Managing Director & CEO effective August 29, 2026, for a term of up to five years, subject to shareholder approval within three months. Shri T Adhikari ceased as MD & CEO on superannuation. The appointment represents an internal LIC-group succession; Sandeep Kumar previously served as Director & CEO of LIC HFL Financial Services and has over three decades of LIC experience. The transition appears orderly, but shareholder approval remains pending. The appointee and certain board nominees are LIC employees, indicating continued institutional alignment.