Mr. Rajesh Laheri Appointed as CFO of General Insurance Corporation of India; V. Balkrishna Steps Down
General Insurance Corporation of India (GIC Re) has announced a key leadership transition in its finance department, with Mr. Rajesh Laheri taking charge as Chief Financial Officer and Key Managerial Personnel. Concurrently, the corporation confirmed the cessation of Mr. V. Balkrishna from the CFO role, effective June 18, 2026.Mr. Rajesh Laheri assumed the position of Chief Financial Officer on June 18, 2026. His professional background includes joining GIC Re in April 1998 as a Direct Recruit officer. Mr. Laheri is a Fellow Member of Insurance Institute of India and holds qualifications including Associate Membership of the Institute of Chartered Accountants of India and Final Pass status from both the Institute of Company Secretaries of India and the Institute of Cost and Works Accountants of India.
Prior to his current role, which involves overseeing General Accounts and Taxation at the Corporation, Mr. Laheri gained extensive experience within GIC Re, contributing to functions such as Property Reinsurance and Preparation of Final Accounts. He also spent six years posted at the London branch, handling Finance and IT responsibilities.
Simultaneously, the company confirmed that Mr. V. Balkrishna resigned from his position as Chief Financial Officer and Key Managerial Personnel, effective June 18, 2026. Following this change, it was stated that Mr. V. Balkrishna will continue to serve in a senior management capacity as the General Manager of the Corporation.
The key changes in leadership roles for General Insurance Corporation of India are detailed below:
| Individual | Old Role | New Role/Status (As of 18 June 2026) | Reason for Change |
|---|---|---|---|
| Mr. Rajesh Laheri | N/A | Chief Financial Officer and Key Managerial Personnel | Appointment |
| Mr. V. Balkrishna | CFO and KMP | General Manager (Senior Management) | Resignation |
GICRE Stock Price Movement
Today, shares of General Insurance Corporation of India edged higher to close at ₹357.1, after gaining 1.05%. The stock saw significant activity during the session, trading a volume of 5.32 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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