Archive · 7 Jan 2026
Joshi Extends GIC Re CMD Powers
Hitesh Ramesh Chandra Joshi, who is an Executive Director at GIC Re, has been given the important job of acting as the Chairman and Managing Director for three more months.
This started on January 1, 2026.
He has been doing this job since October 1, 2025, after the previous leader, Ramaswamy Narayanan, retired.
The government decided to give him this extra time because they haven't found a permanent leader yet.
In his current role, Joshi takes care of many important areas like working with other countries, hiring people, computers, and making sure the company runs smoothly.
Hitesh Ramesh Chandra Joshi to continue as acting CMD of GIC Re for three more months from January 1, 2026.
Joshi has been acting CMD since October 1, 2025, after Ramaswamy Narayanan's retirement.
Extension approved by the Department of Financial Services until a regular CMD is appointed.
Joshi oversees International Business Operations, Human Resources, IT, Office Services, Business Intelligence, and Actuarial functions.
The extension is effective until a new CMD is appointed or further orders are issued.
- Who
- Hitesh Ramesh Chandra Joshi, Executive Director, GIC Re
- What
- Extension of financial and administrative powers of CMD
- When
- From January 1, 2026, for three months
- Where
- GIC Re (General Insurance Corporation of India)
- Why
- Until a regular CMD is appointed or further orders
- Person
- Hitesh Ramesh Chandra Joshi
- Role
- Executive Director, GIC Re
- Powers Extended
- Financial and administrative powers of CMD
- Extension Period
- Three months from January 1, 2026
- Previous CMD
- Ramaswamy Narayanan
- Previous CMD Tenure End
- September 30, 2025
- Current Responsibilities
- International Business Operations, Human Resources, IT, Office Services, Business Intelligence, Actuarial functions