Ministry of Finance Nominates Shri Tapan Kumar Mondal as Director on GIC Re Board

The General Insurance Corporation of India (GIC Re) announced a key leadership update following communication from the Ministry of Finance, Government of India. As per a letter dated 24th July 2025, the Central Government has nominated Shri Tapan Kumar Mondal, Deputy Secretary, Department of Financial Services (DFS), as a Director on the Board of GIC Re.

The appointment is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and comes into effect immediately from 24th July 2025, continuing until further orders.

GIC Re confirmed that Shri Mondal is not related to any existing Directors of the Corporation and is not debarred from holding office by any SEBI order or other authority. His profile reflects extensive experience across various departments of the Government of India, including Ministry of Defence and DPIIT.

The formal intimation has been submitted to both BSE Limited and the National Stock Exchange of India Ltd., and is now part of public record for shareholders and stakeholders.

This strategic nomination underscores the government’s focus on enhancing governance frameworks and operational transparency within India’s flagship reinsurance entity.