SBI Life Appoints Santosh Chacko as President - Business Strategy; Gulanikar to Assume Operations & IT Role
SBI Life Insurance Company Limited announced personnel changes, confirming the appointment of Mr. Santosh Chacko as President - Business Strategy, effective Monday, April 06, 2026. Concurrently, the company detailed the restructuring of roles for Mr. Abhijit Gulanikar, who will assume charge of Operations & Information Technology.The Board of Directors of SBI Life Insurance Company Limited approved the appointment of Mr. Santosh Chacko as President - Business Strategy through a resolution passed on Monday, April 06, 2026, based on the recommendation of the Board Nomination and Remuneration Committee.
In a related operational transition, Mr. Abhijit Gulanikar, presently serving as President - Business Strategy, will undergo a designation change. He is slated to assume charge of Operations & Information Technology beginning on June 01, 2026. His re-designation to President - Operations & IT (Designate) is effective from April 06, 2026.
The company provided detailed profiles and service histories for the involved executives.
Mr. Santosh Chacko is a commerce graduate holding a Post Graduate Diploma in Business Management from Pune University and an Executive Masters Degree in Business Administration from S.P. Jain. His professional background includes serving as Zonal Director - East Zone since 2024. Previously with the Company, he held roles as Chief of Institutional Alliances and Regional Director for various regions. Before joining SBI Life, Mr. Chacko gained experience at ICICI Prudential Life Insurance as Head - Agency Development & Sales Training, bringing a total working experience of 28 years.
Mr. Abhijit Gulanikar is a commerce graduate who holds a Postgraduate Diploma in Management from the Indian Institute of Management, Ahmedabad. His qualifications also include Chartered Accountant (CA) from the Institute of Chartered Accountants of India and Cost and Management Accountant (CMA) from the Institute of Cost and Works Accountants of India. His tenure prior to being President - Business Strategy included service as Chief Officer - Investment from January 2009 to March 2014. Before joining SBI Life, Mr. Gulanikar worked with Bharati Axa Life Insurance as Vice President - Investments, accumulating 30 years of professional experience.
The company confirmed the following key dates for the personnel changes:
| Event | Individual | Reason for Change | Effective Date / Term |
|---|---|---|---|
| Appointment | Mr. Santosh Chacko | Appointed as President - Business Strategy | April 06, 2026 |
| Designation Change | Mr. Abhijit Gulanikar | Temporary role assumption | April 06, 2026 to May 31, 2026 |
| Assumption of New Role | Mr. Abhijit Gulanikar | Assumes charge of Operations & IT | June 01, 2026 |
The provided data indicated that Mr. Durgadas G, President - Operations & Information Technology, is due for superannuation from the services of the Company on May 31, 2026.
SBILIFE Stock Price Movement
At the close of trade, shares of SBI Life Insurance Company Limited rallied by 3.74% to settle at ₹1840.4. The stock managed a strong session today, trading within a range between ₹1757.5 and a high of ₹1844.5.Source:
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