5 hrs ago
ICICI Life Names Sidharatha Mishra CEO as Bagchi Steps Down
ICICI Life Insurance is changing its top leader.
Anup Bagchi will leave his managing director and CEO position on October 13, 2026.
The company praised his work during nearly three decades with the ICICI Group.
Sidharatha Mishra has been chosen to replace him.
Mishra will first become the company’s chief operating officer on October 6.
His CEO appointment is planned for October 14, or later if the insurance regulator’s approval comes later.
He has more than 26 years of banking experience at ICICI Bank.
One report says Bagchi is expected to become HDFC Bank’s chief on October 27.
ICICI Life Insurance appointed Sidharatha Mishra as an Additional Director and managing director and CEO for five years, subject to approvals.
Mishra’s CEO appointment is scheduled for October 14, 2026, or the date of Insurance Regulatory and Development Authority of India approval, whichever is later.
Mishra will become ICICI Life Insurance’s chief operating officer on October 6, 2026, before taking the top role.
Anup Bagchi will resign as managing director and CEO at the close of business on October 13, 2026, after nearly three decades with the ICICI Group.
Mishra has more than 26 years of banking experience at ICICI Bank; one report said Bagchi will become HDFC Bank’s chief on October 27.
- Who
- ICICI Life Insurance, outgoing CEO Anup Bagchi, and incoming CEO Sidharatha Mishra.
- What
- The company accepted Bagchi’s resignation and appointed Mishra as Additional Director and managing director and CEO for five years, subject to approvals.
- Where
- At ICICI Life Insurance; the decisions were disclosed through a stock-exchange filing.
- When
- The board acted on October 2, 2026; Mishra becomes COO on October 6, Bagchi leaves on October 13, and Mishra’s CEO appointment is scheduled for October 14 or the date of regulatory approval, whichever is later.
- Why
- Bagchi is leaving the role to pursue opportunities outside the organisation, and Mishra has been appointed as his successor.
Key facts
- Incoming CEO
- Sidharatha Mishra
- Outgoing CEO
- Anup Bagchi
- Mishra’s CEO term
- Five consecutive years, subject to requisite approvals
- Mishra’s COO start date
- October 6, 2026
- Bagchi’s departure
- Close of business on October 13, 2026
- Mishra’s CEO start
- October 14, 2026, or the date of Insurance Regulatory and Development Authority of India approval, whichever is later
- Mishra’s experience
- More than 26 years in banking
Sources
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