Mahindra & Mahindra Financial Services Limited announced the appointment of Ashwani Ghai as Additional, Non-Executive Non-Independent Director on the company’s Board, with effect from June 23, 2023.
According to the company’s exchange filing, “we hereby inform you that pursuant to the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company have today approved the appointment of Mr. Ashwani Ghai (DIN: 09733798) as an Additional, Non-Executive Non-Independent Director of the Company with effect from 23 rd June 2023.”
Ashwani Ghai is a post graduate in Economics, PGEP from IIM Ahmedabad and Fellow of Insurance Institute of India (FIII). Mr. Ghai has a long and diverse work experience, across functions and geographies, in LIC of India and Board level experience in LIC Housing Finance Ltd and LICHFL Financial Services Ltd.
In his more than 35 years of work experience in LIC of India and in LIC Housing Finance, he has worked across multiple functions viz., Marketing, Human Resource, Investments, Fund Management, Enterprise Risk Management, Organisational restructuring, Compliance, IPO launching of LIC, Business Strategy etc.
Prior to joining as Additional Director, Management Development Centre of LIC of India, he has held variety of positions, in LIC of India and LIC Housing Finance Ltd, including Chief Operating Officer and Whole-time Director of LIC Housing Finance Ltd., Non-Executive Director on Board of LICHFL Financial Services Ltd. Executive Director (IPO Cell) of LIC where he handled the job of steering the preparatory work & successful listing of shares of Life Insurance Corporation of India, Chief (Investment Operations) of LIC of India and Executive Director (Strategy Implementation) in LIC of India.
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