LIC is one of the largest employers in India. The organization is headed by 4 officers, namely the Chairman and three Managing Directors. The top brass is appointed by the Government of India after an intensive selection procedure. Though the company was accused to go by mere seniority in number of years for the selection of the senior management, this has changed as seen in the case of Thomas Mathew and A. Dasgupta (Managing Directors).
The Chairman assumes authority of the CEO and chairs the board while the Managing Directors are allotted the three main categories of the organization's functioning.
The current Chairman, Mr. T.S. Vijayan, is particularly responsible for the major IT infrastructure turnaround that the organization has witnessed and for its advanced EDMS structure.
D.K. Mehrotra manages the Marketing Units of LIC, which also happens to be one of the largest spenders on advertising in India.
Thomas Mathew manages the close to $187 billion investment portfolio of the company, which is the largest investor in the country.
A. Dasgupta manages the engineering and other functions, many of which are very advanced in the Indian corporate scenario.
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