General Insurance Corporation of India News

GIC of India accepts GM V. Balkrishna's resignation

V. Balkrishna retired under VRS effective July 17, 2026. The disclosure was made to BSE and NSE under Regulation 30.

GIC of India appoints Dr. Debasish Prusty as Director

Dr. Debasish Prusty, Additional Secretary, Department of Financial Services, has been nominated as Director on the Board of General Insurance Corporation of India with immediate effect.

GIC of India appoints Rajesh Laheri as new CFO

Rajesh Laheri takes charge as CFO of GIC of India effective June 18, 2026. He replaces V. Balkrishna, who resigned to pursue voluntary retirement.

GIC of India appoints Hitesh Joshi as CMD

Hitesh Rameshchandra Joshi appointed Chairman-cum-Managing Director of GIC of India effective June 16, 2026, until September 30, 2028.

GIC of India to sell 2% stake via OFS

The President of India will sell 2% of General Insurance Corporation of India via an Offer for Sale on June 16, 2026. The floor price is set at ₹352.00 per share.