Board of Directors


Smt Usha Sangwan
Nominee Director
- Axis Bank

Smt. Usha Sangwan, 60 years, is a Non-Executive (Nominee) Director of the Bank since 17th October 2013. Smt. Usha Sangwan, is the first ever woman Managing Director of Life Insurance Corporation of India. She is Post Graduate in Economics and Post Graduate Diploma holder in Human Resource Management and Licentiate from the Insurance Institute of India. She joined LIC as Direct Recruit Officer in 1981.

She has worked in all core areas of life insurance including Marketing, Personnel, Operations, Housing Finance, Group Business, Direct Marketing, International Operations, Corporate Communications, Investment-Risk Management and Research, Investment – Monitoring & Accounts, Customer Relationship, New Business and Reinsurance, Corporate Planning, Estate, Office Services, Health Insurance and HRD. Her expertise lies in analytics, strategy, execution, executing people skill, customer centricity, use of technology particularly in marketing and servicing and setting up of systems.

She has featured in Forbes List of 50 most powerful Business Women in Asia in 2015. She has been awarded the “Women Leadership Award” in BFSI sector by Institute of Public Enterprise and "Brand Slam Leadership Award" by CMO Asia. She has also been awarded “Women Leadership Role Model” by Top Rankers Management Consultants and "Corporate Leadership Award for 2014" by Colour TV. She was also felicitated by Free Press Journal and Doordarshan for Women in Leadership Role.

Smt. Usha Sangwan is a Member of the Risk Management Committee, Special Committee of the Board of Directors for Monitoring of Large Value Frauds and Customer Service Committee of the Bank.

She is not related to any other Director or Key Managerial Personnel of the Bank.