ICICI Prudential Life Insurance Company Ltd has reappointed Mr. Sandeep Bakhshi (DIN: 00109206) as Managing Director & CEO of the Company with effect from June 1, 2018 for a term of two years till May 31, 2020, subject to approval of Insurance Regulatory and Development Authority of India and the shareholders at the general meeting of the Company.
Sandeep Bakhshi is the Managing Director and Chief Executive Officer of the Company. He was appointed as a Director with effect from August 1, 2010 and re-appointed from August 1, 2015.
He has obtained his bachelorís degree in mechanical engineering from Punjab Engineering College, Chandigarh and a post graduate degree in business management from Xavier Labour Relations Institute, Jamshedpur.
He joined ICICI Group in 1986 in the project financing group of erstwhile ICICI Limited, where he was responsible for business development, project appraisals, project monitoring and business re-structuring.
He has served as Managing Director & CEO of ICICI Lombard General Insurance Company Limited from April 1, 2002 to April 30, 2009. Previously, he has served as a deputy managing director and head of retail at ICICI Bank. During his tenure with ICICI Bank, he was responsible for wholesale banking, small and medium enterprises and rural banking. He has also served as a chairman of ICICI Home Finance Company Limited.
Mr. Sandeep Bakhshi is not related to any other director of the Company.
Shares of ICICI Prudential Life Insurance Company Ltd was last trading in BSE at Rs.395.45 as compared to the previous close of Rs. 398.35. The total number of shares traded during the day was 32281 in over 885 trades.
The stock hit an intraday high of Rs. 402.05 and intraday low of 394. The net turnover during the day was Rs. 12829216.