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Board of Directors


Smt Usha Sangwan
- Axis Bank

Smt. Usha Sangwan, 59 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. Presently, she is looking after Marketing, Investment Operations, Actuarial, Finance & Accounts and Information Technology for the Corporation among other assignments. Her expertise lies in analytics, strategy, execution, people skill, 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 attended 6 Board Meetings of the Bank during the year. Smt. Usha Sangwan does not hold any equity shares of the Bank. She is not related to any other Director or Key Managerial Personnel of the Bank.

The details of directorship held by Smt. Usha in other companies as on 31st March 2018 are as follows:

Sr NoNames of the CompaniesNature of interest
1Life Insurance Corporation of IndiaManaging Director
2LIC Housing Finance LimitedDirector
3LIC Card Services LimitedDirector
4General Insurance Corporation of IndiaDirector
5LIC (International) BSC © BahrainDirector
6Kenindia Assurance Co. Ltd.Alternate Director
7BSE LimitedDirector
8Ambuja Cement LimitedDirector

The details of Membership held by Smt. Usha Sangwan, in Board Committees of other companies, as on 31st March 2018, are as follows:

Sr NoNames of the CompaniesName of the CommitteeNature of interest
1General Insurance Corporation of IndiaAudit CommitteeMember
Stakeholders Relationship CommitteeChairman
2Life Insurance Corporation of IndiaAudit CommitteeMember
Stakeholders Relationship CommitteeMember
3BSE LImitedStakeholders Relationship /Share Allotment CommitteeMember