LIFE INSURANCE CORPORATION OF INDIA
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Cash
£5B
+80.5% vs 2024
Net assets
£10B
+53.8% vs 2024
Employees
—
Average over period
Profit before tax
£4B
+18.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £36,837,088,657 | £37,866,813,782 | |
| Operating profit | — | — | |
| Profit before tax | £3,168,087,495 | £3,757,679,443 | |
| Net profit | £3,168,087,495 | £3,743,742,160 | |
| Cash | £2,672,942,315 | £4,823,883,082 | |
| Total assets less current liabilities | £402,896,113,047 | £431,866,521,099 | |
| Net assets | £6,418,861,789 | £9,872,524,971 | |
| Equity | £6,418,861,789 | £9,872,524,971 | |
| Average employees | — | — | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 8.6% | 9.9% | |
| Gearing (liabilities / total assets) | 98.4% | 97.7% | |
| Current ratio | 2.50x | 4.54x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- Indian GAAP
- Reporting scope
- Consolidated group
- Auditor
- Chokshi & Chokshi LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Group structure
- LIFE INSURANCE CORPORATION OF INDIA · parent
- LIC Housing Finance Limited 45.24%
- LIC HFL Asset Management Company Limited 44.61%
- LIC Mutual Fund Asset Management Limited 49%
- LIC Mutual Fund Trustee Private Limited 49%
- LIC Pension Fund Limited 100%
- LIC Cards Services Ltd. 100%
- IDBI Bank Limited 49.24%
- IDBI Trusteeship Services Limited 29.84%
- Life Insurance Corporation of India (International) B.S.C. (c), Bahrain 99.66%
- Life Insurance Corporation (Nepal) Ltd. 55%
- Life Insurance Corporation (Lanka) Ltd. 93.75%
- Life Insurance Corporation (Singapore) Pte. Ltd. 100%
- Life Insurance Corporation of Bangladesh Ltd. 83.33%
Significant events
- “LIC enters Guinness World Records for "Most Life Insurance Policies Sold in 24 Hours". Presentation of Dividend Cheque of ₹ 3662.17 Crore for the Year 2023-24.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BHANOO, Sat Pal | Director | 2023-07-20 | Dec 1965 | Indian |
| DORAISWAMY, Ramchandran | Director | 2025-07-14 | Aug 1966 | Indian |
| DUGGAL, Anjuly Chib | Director | 2022-01-29 | Aug 1957 | Indian |
| GOYAL, Prashant Kumar | Director | 2025-04-17 | Sep 1979 | Indian |
| KAMAL, Raj | Director | 2022-01-29 | Nov 1970 | Indian |
| KUMAR, Anil | Director | 2022-01-20 | Jun 1962 | Indian |
| MAHALINGAM, Gurumoorthy | Director | 2022-01-29 | Nov 1956 | Indian |
| MUTHU RAJU PARAVASA RAJU, Vijay Kumar | Director | 2022-01-29 | Sep 1969 | Indian |
| PANT, Dinesh | Director | 2025-06-01 | May 1967 | Indian |
| PARTHASARATHY, Vankipuram Srinivasa | Director | 2022-01-29 | Nov 1962 | Indian |
| PATNAIK, Ratnakar | Director | 2025-06-01 | Mar 1968 | Indian |
| SHARMA, Ranjan, Dr | Director | 2021-10-29 | Jun 1967 | Indian |
| TANGIRALA, Maruthi Prasad, Dr | Director | 2023-06-28 | Jul 1965 | Indian |
| VERMA, Vinod Kumar | Director | 2021-10-29 | Jan 1967 | Indian |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANAND, Vipin | Director | 2019-04-01 | 2021-07-31 |
| BHARGAVA, Hemant | Director | 2017-02-10 | 2019-07-31 |
| CHAKRABATI, Bimalendu | Director | 2017-09-29 | 2020-09-28 |
| CHATURVEDI, Ravindranath | Director | 2017-09-29 | 2020-09-28 |
| CHUNDURU, Padmaja | Director | 2018-11-16 | 2021-08-31 |
| DAVE, Surendra Ambalal, Dr | Director | 1993-10-27 | 1996-01-31 |
| GUPTA, Mukesh Kumar | Director | 2019-11-01 | 2025-04-17 |
| IPE, Mini | Director | 2021-08-02 | 2023-08-31 |
| JAGANNATH, Mukkavilli | Director | 2023-03-13 | 2025-05-31 |
| JAIN, Pankaj | Director | 2020-10-21 | 2022-07-04 |
| JAMBUSARIA, Navalkishore Naginlal | Director | 1993-10-27 | 1993-12-31 |
| KUMAR, Mangalam Ramasubramanian | Director | 2019-03-14 | 2023-03-13 |
| KUMAR, Raj | Director | 2019-11-01 | 2023-01-31 |
| KUMAR, Tharavanat Chandrasekharan Suseel | Director | 2019-03-14 | 2021-01-31 |
| MODI, M P | Director | 1993-10-27 | 1995-05-04 |
| MOHANTY, Siddhartha | Director | 2024-06-30 | 2025-06-08 |
| MOHANTY, Siddhartha | Director | 2021-02-02 | 2023-04-29 |
| MOHANTY, Sidhhartha | Director | 2023-04-29 | 2024-06-30 |
| MONY, Sankara Venkitasubra | Director | 1993-10-27 | 1995-03-31 |
| MURMU, Girish Chandra | Director | 2016-06-16 | 2019-12-27 |
| NADKARNI, Suresh Shankar | Director | 1993-10-27 | 1993-10-27 |
| NAUTIYAL, Sanjeev | Director | 2022-01-29 | 2024-05-31 |
| PANDA, Debasish | Director | 2019-09-11 | 2020-10-21 |
| PANDEY, Tablesh | Director | 2023-04-01 | 2025-05-31 |
| PATNAIK, Bishnu Charan | Director | 2021-10-01 | 2023-03-31 |
| RAMAMURTHY, Chandrasekaran | Director | 2017-09-29 | 2020-09-28 |
| RAMCHANDRAN, Doraiswamy | Director | 2023-09-01 | 2025-07-13 |
| SALUNKHE, Jagdish Sadashiv | Director | 1993-10-27 | 1996-07-31 |
| SRINIVAS, Injeti | Director | 2019-12-27 | 2020-06-04 |
| SRIVASTAVA, Devesh | Director | 2020-01-03 | 2021-06-29 |
| SUBHEDAR, Sham Pandharinath | Director | 1993-10-27 | 1995-10-31 |
| VAIDYAN, Alice | Director | 2016-05-23 | 2019-07-31 |
| VERMA, Rajesh | Director | 2020-06-04 | 2020-10-21 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 136 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-17 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-09-16 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type group | |
| 2024-11-27 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-11-11 | OSAP07 | officers | Appoint person authorised accept overseas company with appointment date | |
| 2024-11-11 | OSAP05 | officers | Appoint person authorised represent overseas company with appointment date | |
| 2024-11-11 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-11-11 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-11-11 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-11-11 | OSTM03 | officers | Termination person authorised overseas company | |
| 2024-11-11 | OSTM03 | officers | Termination person authorised overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+2.8%
£36,837,088,657 £37,866,813,782
-
Cash
+80.5%
£2,672,942,315 £4,823,883,082
-
Net assets
+53.8%
£6,418,861,789 £9,872,524,971
-
Employees
—
Not reported
-
Profit before tax
+18.6%
£3,168,087,495 £3,757,679,443
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers