Archive · 3 Oct 2026
ICICI Life Names Sidharatha Mishra CEO as Bagchi Steps Down
ICICI Life Insurance is changing its chief executive.
Anup Bagchi will leave the job at the end of October 13, 2026.
The company thanked him for his work across the ICICI Group and at ICICI Life.
Sidharatha Mishra has been chosen to take over for a five-year term.
He is expected to begin as chief operating officer on October 6.
His CEO appointment is planned for October 14, but it may begin later if the insurance regulator approves it later.
Mishra has worked in banking for more than 26 years.
He currently leads several teams at ICICI Bank, including digital channels and customer service.
ICICI Life’s board approved Sidharatha Mishra as managing director and CEO for a five-year term, subject to required approvals.
Mishra is scheduled to become chief operating officer on October 6, 2026, and take the CEO role on October 14 or when IRDAI approval is granted, whichever is later.
Anup Bagchi will step down as managing director and CEO at the close of business on October 13, 2026.
The company said Bagchi contributed to the ICICI Group for nearly three decades and helped ICICI Life become a resilient franchise.
Mishra has more than 26 years of banking experience and currently leads several digital, customer service and business groups at ICICI Bank.
- Who
- ICICI Life Insurance, outgoing CEO Anup Bagchi, and incoming CEO Sidharatha Mishra.
- What
- The board approved Mishra’s appointment as managing director and CEO and noted Bagchi’s resignation.
- When
- The board met on October 2, 2026; Mishra is due to become COO on October 6, Bagchi leaves on October 13, and Mishra’s CEO appointment is scheduled for October 14 or later if regulatory approval comes later.
- Where
- ICICI Life Insurance; the board decision was disclosed in a stock-exchange filing.
- Why
- Bagchi is stepping down to pursue opportunities outside the organisation, and Mishra has been appointed as his successor.
- Incoming CEO
- Sidharatha Mishra
- Outgoing CEO
- Anup Bagchi
- Mishra’s term
- Five consecutive years, subject to requisite approvals
- Mishra’s COO start date
- October 6, 2026
- Bagchi’s departure date
- Close of business on October 13, 2026
- Planned CEO appointment date
- October 14, 2026, or the date of IRDAI approval, whichever is later
- Mishra’s banking experience
- More than 26 years
Sources
Sidharatha Mishra to take charge as ICICI Life Insurance Ltd’s chief
ICICI Life appoints Sidharatha Mishra as MD & CEO as Anup Bagchi steps down
ICICI Life Insurance appoints Sidharatha Mishra as MD, CEO from October 14 - Who is he?
ICICI Life Appoints Sidharatha Mishra As Managing Director