Usha Sangwan is an Indian business executive and entrepreneur currently Managing Director at

Life Insurance Corporation of India The Life Insurance Corporation of India (LIC) is an Indian Public Sector Undertakings in India, public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor ...

, India's biggest

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

company. She is the first woman to reach this position in 2013. She has now been appointed as an Independent Director at LIC of India. Usha is the daughter of Lakshman Das Mittal, founder of Sonalika Group. She spent 37 years working at LIC between 1981 and 2018. She joined

Tata Motors Tata Motors Limited is an Indian Multinational corporation, multinational Automotive industry, automotive company, headquartered in Mumbai and part of the Tata Group. The company produces passenger cars, cars, trucks, vans, and busses, buses. T ...

as an additional director and independent director in 2023.

Profile

Sangwan has a

Master's A master's degree (from Latin ) is a postgraduate academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional prac ...

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

and

Human Resources Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include ' ...

from

Punjab University Punjab University may refer to: India * Punjab Agricultural University, a state agricultural university in Ludhiana, Punjab * I. K. Gujral Punjab Technical University, a state university in Kapurthala, Punjab * Maharaja Ranjit Singh Punjab Techn ...

Career

Earlier she has also handled LIC Housing Finance which is a subsidiary of LIC. She played an important role in turnaround of this company by raising $29.85 million through

global depository receipt A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases Share (finance), shares of foreign companies, creates a Security ( ...

s in 2004. She segregated marketing and underwriting divisions and introduced

risk-based pricing Risk-based pricing is a methodology adopted by many lenders in the mortgage A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of re ...

. She is one of the directors of Axis Bank

References

Living people Indian women business executives Businesswomen from Punjab, India 1958 births {{India-business-bio-stub