Primary Job Title Managing Director Primary Organization 
Life Insurance Corporation
Location Kolkata, West Bengal, India Regions Asia-Pacific (APAC) Gender Male
S. B. Mainak (59),joined the ITC Board as a Non-Executive Director effective April 25, 2014, representing LIC.
A qualified Chartered Accountant, he joined LIC as a Direct Recruit Officer in 1983 and is currently a Managing Director. During his long tenure at LIC, Mainak acquired wide range of experience in several functions spanning Investments,
Finance & Accounts and Marketing and held various positions including Senior / Branch Manager, Divisional Manager of Pension & Group Superannuation and in various capacities in the Investment department.
Mainak also had a stint in academics as Professor (Life Insurance) and Head of Finance Department in National Insurance Academy (NIA), Pune, where he was instrumental in creating new teaching programmes in finance & accounts, investment, GAAP accounting and Insurance Investment and Financial Reporting Standards.
Mainak is Deputy President of the Insurance Institute of India and Member of the Governing Board of NIA. He was earlier appointed by the Government of India on the Board of Satyam Computer Services Limited as an Independent Director for restructuring the company. In 2009, he was conferred the 'NDTV Profit Business Leadership Award', 'CNN-IBN Indian of the Year Award' and 'Dataquest IT Person of the Year Award'.
Mainak is the Chairman of LICHFL Asset Management Company Limited and LIC Nomura Mutual Fund Company Private Limited. He is also on the Boards of LIC Housing Finance Limited and National Stock Exchange of India Limited among others.
