LIC Mutual Fund appoints Dinesh Pangtey as Chief Executive Officer
Prior to his appointment as CEO of LIC Mutual Fund, Pangtey was Director and Chief Executive Officer at LIC HFL AMC
Dinesh Pangtey has been appointed as Chief Executive Officer of LIC Mutual Fund. Pangtey started his career as a direct recruit officer with LIC of India in 1984 and has risen through the ranks to this senior position. Prior to taking over as CEO of LIC Mutual Fund, Pangtey was Director and Chief Executive Officer at LIC HFL AMC.
Pangtey has 35 years of experience across Private Equity, Life, Pension, Group Superannuation Scheme and Insurance sector. During his stint as CEO with the private equity division of the LIC Group, Pangtey completed the investment of the maiden Fund corpus and achieved exit from 4 portfolio companies with an IRR of 22% and returned 79% of the amount drawn from Investors. He strategized the setting up of the new Fund under SEBI AIF platform & directly raised 92% of the base corpus. The Fund is shortly poised to exhaust the green shoe option and close at Rs. 1000 Cr.
He is a Direct Recruit Officer in LIC at various key positions with expertise in marketing. He has served as Regional Manager Marketing channel in Western Zone spanning the States of Maharashtra, Gujarat, and Goa. He has headed Divisions like J&K, Ahmedabad & Delhi. Pangtey also has a Bachelor's Degree in Science.
