GIC Re Appoints Rajesh Laheri as New CFO, Succeeding V. Balkrishna
GIC Re's Board accepted CFO V. Balkrishna's resignation due to retirement. Mr. Rajesh Laheri has been appointed as the new CFO and Key Managerial Person, effective from his date of charge. The Board meeting occurred on May 15, 2026.
A change in CFO is a significant management transition for a corporation, impacting financial strategy and reporting, hence a medium impact.
The announcement pertains to a routine management change due to retirement, with a new appointment. While it's a change, there's no immediate positive or negative financial or operational impact indicated.
General Insurance Corporation of India (GIC Re) announced a significant change in its Key Managerial Personnel. The Board of Directors, in a meeting held on May 15, 2026, accepted the resignation of Mr. V. Balkrishna from the position of Chief Financial Officer (CFO) due to his retirement under the Voluntary Retirement Scheme.
Concurrently, the Board approved the appointment of Mr. Rajesh Laheri, currently the Deputy General Manager, as the new CFO and Key Managerial Person. Mr. Laheri will assume his new responsibilities effective from the date he takes charge. The exact date of his assumption of duties will be communicated in due course.
The Board meeting commenced at 5:15 p.m. IST and concluded at 6:17 p.m. IST. A brief profile of Mr. Rajesh Laheri, highlighting his extensive experience with GIC Re since April 1998 and his qualifications including being an Associate Member of the Institute of Chartered Accountants of India, is attached as Annexure-1.
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General Insurance Corporation of India filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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