Mumbai, Maharashtra, India, April 2025 — CA. Lokesh Mundhra has been elevated to the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) at LIC Housing Finance Limited. This appointment marks a significant leadership transition as the company continues to strengthen its financial oversight amid strategic restructuring.
A Chartered Accountant with a career spanning over three decades at LIC of India, Lokesh brings unparalleled institutional experience to his new role. Over the years, he has held diverse leadership responsibilities across finance and accounts, personnel, legal, estates, and notably, the investment department. His extensive exposure across these verticals has shaped his multidimensional understanding of both regulatory compliance and strategic financial planning.
Most recently, for over six years, Lokesh was deeply involved in LIC’s investment operations, playing a crucial role in the Initial Public Offering (IPO) and successful listing of LIC of India—one of the largest IPOs in India’s corporate history. His ability to steer complex financial operations and drive value creation has earned him recognition across the industry.
At LIC Housing Finance Limited, Lokesh steps into a pivotal executive role, where his comprehensive experience in the insurance and finance ecosystem is expected to bolster the company’s growth strategy, fiscal responsibility, and governance practices. His elevation reflects the company’s commitment to drawing on seasoned internal talent to navigate future opportunities and challenges.
LIC Housing Finance Limited
LIC Housing Finance Ltd., promoted by LIC of India, is one of the largest housing finance companies in India, established in 1989 and listed on both NSE and BSE. The company is registered with the National Housing Bank and has a strong network with over 282 marketing units, 24 back offices, and 9 regional offices across the country. It offers long-term financing solutions for the purchase, construction, renovation of residential properties, and funding for commercial property acquisition by professionals. LIC Housing Finance also serves the Indian diaspora through its representative office in Dubai.
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