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Shri Lokesh Mundhra
Chief Financial Officer
Shri Lokesh Mundhra is a Chartered Accountant and Commerce graduate from the University of Rajasthan, Jaipur, where he achieved First Merit at the university level during the second year of B.Com. He began his professional journey with LIC of India in 1993 as a Direct Recruit Officer (Assistant Administrative Officer - CA). Over an illustrious career spanning more than 32 years, Shri Mundhra has held several key positions across departments such as Finance, Accounts, Audit, Personnel, Estate, and Investments.
His broad experience across these areas has given him a well-rounded perspective on regulatory compliance and strategic financial management. Shri Mundhra’s leadership has been instrumental in driving advancements in investment strategies, financial accounting, industrial relations and estate management.
Over the past six years, Shri Mundhra has played a vital role in LIC’s investment operations, serving as Fund Manager for the Equity and Debt portfolio of P&GS Funds, managing Assets under Management (AUM) exceeding ₹ 11.50 lakh crore. Under his leadership, the fund delivered industry-leading performance in FY 2024-25. He has also led significant enhancements in equity research and introduced innovative measures in response to credit rating reviews within the debt portfolio.
On 17th April, 2025, Shri Mundhra has been appointed as Chief Financial Officer, bringing his extensive expertise in insurance and finance to this pivotal leadership role. In addition, he serves as a nominee director at LIC HFL Trustee Company Private Limited. His appointment as CFO reflects the company’s commitment to leveraging seasoned leadership to drive growth, enhance fiscal discipline, and uphold the highest standards of governance to steer future opportunities and challenges.
Ms. Varsha Hardasani
Company Secretary & Compliance Officer
Ms. Varsha Hardasani is a seasoned professional with over 14 years of diverse experience in secretarial and regulatory compliance, including listing regulations, IPOs, Banking, and Insurance sector regulations (RBI and IRDAI), corporate social responsibility (CSR), and environmental, social, and governance (ESG) frameworks.
She is a qualified Company Secretary and a member of the Institute of Company Secretaries of India (ICSI). In addition, she holds a bachelor’s degree in law from the University of Mumbai and a Master’s degree in Accounting and Finance.
Ms. Hardasani brings extensive expertise in corporate governance, legal and secretarial practices, regulatory compliance, investor relations, fund-raising, and due diligence. Her professional background includes key roles at reputed organisations such as Aditya Birla Sun Life Insurance Company Limited, Metropolis Healthcare Limited, Utkarsh Small Finance Bank and Cargotec India Private Limited.
She is currently the Head – Company Secretary & Compliance Officer of the Company and plays a strategic role in ensuring regulatory compliance and strengthening the governance framework within the organisation.
