ICICI Life Insurance Company announced the appointment of Sidharatha Mishra as its new Additional Director, Managing Director, and Chief Executive Officer. The appointment, for a five-year term, is subject to regulatory and other requisite approvals, including from the Insurance Regulatory and Development Authority of India (IRDAI).
Mishra is set to assume his new leadership role from October 14, 2026, or the date of IRDAI approval, whichever occurs later. Prior to taking full charge as CEO, he will also serve as the Chief Operating Officer starting October 6, 2026.
Leadership Transition at ICICI Life
The transition follows the resignation of current MD and CEO, Anup Bagchi, who will step down from his position at the close of business hours on October 13, 2026. Bagchi’s departure concludes a distinguished three-decade career with the ICICI Group, during which he played a pivotal role in shaping ICICI Life into a resilient franchise.
The company’s board formally acknowledged Bagchi’s substantial contributions to the growth and success of the ICICI Group, expressing their appreciation for his leadership and dedication.
Sidharatha Mishra's Extensive Experience
Sidharatha Mishra brings over 26 years of extensive experience in the banking sector to his new role. He currently holds several key leadership responsibilities at ICICI Bank, overseeing digital channels and partnerships, the voice channel, customer service, as well as the NRI and IFIG groups.
Mishra holds a bachelor’s degree in science and a postgraduate diploma in management with a specialisation in finance from Utkal University, Bhubaneswar. ICICI Life confirmed that Mishra is not related to any of its current directors and has not been debarred from holding directorial office by SEBI or any other authority, pending the necessary clearances for his appointment.