The India Cements Limited announced that the Board of Directors of the Company, at its meeting held on 23rd March, 2023, coopted Mr. Siddhartha Mohanty as director representing LIC of India, in the place of Mrs. Nalini Murari Ratnam. Siddhartha Mohanty has served as CEO in LIC HFL, Executive Director (Legal), Chief (Investments- (Monitoring & Accounting)), Regional Head of a marketing vertical of LIC's Western Zone spanning the states of Maharashtra, Gujarat and Goa, Sr.Divisional Manager in few divisions etc. He holds M.A., LLB, Post Graduate Certificate in Business Management, Licentiate.

Mr. Siddhartha Mohanty joined LIC of India as Direct Recruit Officer and worked in different capacities and presently, he is the Director & In-Charge of LIC of India. He has worked to close to 37 years in LIC in all major streams that included Marketing, HR, Investments, Customer Relationship Management, Legal, Audit, Corporate Planning, Inspection, Estates, Marketing Channel besides heading LIC HFL. He has a broad understanding of the landscapes of the insurance industry which helped him design unique strategies.