Nature of change: Appointment of new Chief Financial Officer (CFO) and resignation of previous CFO
New CFO Details: Mr. Rajesh Laheri appointed as CFO and Key Managerial Personnel with effect from 18th June 2026
Previous CFO: Mr. V. Balkrishna ceased to be CFO and Key Managerial Personnel with effect from 18th June 2026
Brief profile of Mr. Rajesh Laheri:
Joined GIC Re in April 1998 as Direct Recruit officer
Professional qualifications: Associate Member of Institute of Chartered Accountants of India, Final Pass of Institute of Company Secretaries of India, and Institute of Cost and Works Accountants of India
Fellow Member of Insurance Institute of India
Experience includes various functions including Preparation of Final Accounts, Property Reinsurance within GIC Re
Posted to GIC Re's London branch for six years handling Finance, IT and other functions
Currently in charge of General Accounts and Taxation Department of the Corporation
Reason for previous CFO's departure: Mr. V. Balkrishna resigned due to availing voluntary retirement under the Corporation's Voluntary Retirement Scheme (VRS) for personal reasons
Transition details: Mr. Balkrishna continued functions for the current month and requested remaining notice period be utilized for transition process
Current status of previous CFO: Mr. V. Balkrishna continues to be part of Senior Management in capacity of General Manager of the Corporation
Financial context: Outgoing CFO noted he is exiting when financials are at their best in the entire 55 years of the Corporation's history
