GIC Re Appoints Rajesh Laheri as New CFO, V. Balkrishna Steps Down
Rajesh Laheri appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel of GIC Re, effective June 18, 2026. V. Balkrishna ceases to be CFO on the same date but will continue as General Manager. Laheri has been with GIC Re since 1998.
A change in the Chief Financial Officer position is a significant event for a company as it impacts financial strategy and reporting. While the transition appears smooth, the new leadership in finance can influence future financial decisions and investor confidence.
The announcement details a routine change in key management personnel, with one individual stepping down from CFO role and another taking over. While the outgoing CFO expressed satisfaction with the company's financial performance, the change itself is a standard corporate event.
General Insurance Corporation of India (GIC Re) has announced a change in its key managerial personnel. Mr. Rajesh Laheri has assumed the role of Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 18, 2026.
This appointment follows the cessation of Mr. V. Balkrishna from the position of CFO and Key Managerial Personnel on the same date. Mr. Balkrishna, however, will continue to serve the Corporation in a senior management capacity as General Manager.
Mr. Laheri, who joined GIC Re in April 1998, brings extensive experience in finance and accounting. He is an Associate Member of the Institute of Chartered Accountants of India, a Final Pass of the Institute of Company Secretaries of India, and the Institute of Cost and Works Accountants of India, and a Fellow Member of the Insurance Institute of India. His previous roles at GIC Re include handling final accounts and property reinsurance, and he also served in the London branch for six years managing finance, IT, and other functions. Currently, he heads the General Accounts and Taxation Department.
Mr. Balkrishna, in his resignation letter, mentioned availing voluntary retirement due to personal reasons and expressed pride in exiting the post when the company's financials are at their best in its 55-year history. He will continue to support the transition process.
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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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See the model portfoliosA plain-language summary of a public exchange filing by General Insurance Corporation of India. Read the original for the full detail.