Smt Usha Sangwan
Director - 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 No||Names of the Companies||Nature of interest|
|1||Life Insurance Corporation of India||Managing Director|
|2||LIC Housing Finance Limited||Director|
|3||LIC Card Services Limited||Director|
|4||General Insurance Corporation of India||Director|
|5||LIC (International) BSC © Bahrain||Director|
|6||Kenindia Assurance Co. Ltd.||Alternate Director|
|8||Ambuja Cement Limited||Director|
The details of Membership held by Smt. Usha Sangwan, in Board Committees of other companies, as on 31st March 2018, are as follows:
|Sr No||Names of the Companies||Name of the Committee||Nature of interest|
|1||General Insurance Corporation of India||Audit Committee||Member|
|Stakeholders Relationship Committee||Chairman|
|2||Life Insurance Corporation of India||Audit Committee||Member|
|Stakeholders Relationship Committee||Member|
|3||BSE LImited||Stakeholders Relationship /Share Allotment Committee||Member|