Sanjeev Mantri: New MD & CEO Of ICICI Lombard General!

Sanjeev Radheyshyam Mantri is the newly designated Managing Director and Chief Executive Officer of ICICI Lombard General Insurance, one of the largest private sector general insurance companies in India. Currently, he serves as the Executive Director of the company and has been working with ICICI Lombard since 2015.

Apart from heading retail divisions, he has also been responsible for distribution across channels. Sanjeev will take charge in his new role effective December 1, 2023, or the date of IRDAI approval, whichever is later and his tenure will be for a period of five consecutive years. 

Sanjeev Mantri Physical Stats

Sanjeev Mantri Family

Sanjeev is married to Vibha Mantri and the couple has two children, a son Aditya Mantri, and a daughter Anoushka Mantri. Sanjeev also has a sister Nimisha Chandak and there is no information available in the public domain about the executive’s parents.  

Sanjeev Mantri Relationships

Regarding Sanjeev’s relationships, there is no information available in the public sources.

Sanjeev Mantri Education

Sanjeev did his schooling at St. Mary’s Convent School, Ujjain. After completing his school education, in 1988 the executive joined Sydenham College of Commerce & Economics, Mumbai for a B.Com and earned the degree in 1991. Later, Sanjeev went on to qualify as an ACA and Grad CWA and is a member of the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India.

Sanjeev Mantri Profession

After completing his studies, in July 1995, Sanjeev joined as a Management trainee – Chairman’s office with Times of India, the media behemoth owned by Bennett, Coleman, and Company Limited. He continued in that role for 5 months and left the firm in November 1995. 

Sanjeev’s next stint was with BNP Paribas, the French multinational universal bank. In December 1995, he joined the banking major and worked for a long 7 years and 10 months. Sanjeev was working in the designation of Deputy Head – Corporate Banking Vertical with BNP Paribas and he resigned from the organization in September 2003.

In October 2003, Sanjeev joined ICICI Bank, the new generation bank in their Mumbai office. During his tenure at ICICI Bank, Sanjeev Mantri played key roles in diverse segments including small & medium enterprises and rural and inclusive banking. After working as Senior General Manager with ICICI Bank, Sanjeev bid goodbye to the organization in May 2015.

In May 2015, Sanjeev Mantri joined ICICI Lombard General Insurance’s Mumbai office as an Executive Director (Retail). His appointment was for a period of 3 years starting from May 2, 2015, to May 1, 2018. At ICICI Lombard, Sanjeev went on to introduce various innovative products in the SME segment and also spearheaded the group’s expansion in the rural markets.

He also played a pivotal role in boosting the company’s revenue, profitability, and stock exchange listing. Sanjeev was also actively involved in the insurance major’s merger with Bharti Axa and the integration process.

In September 2023,  ICICI Lombard announced the appointment of Sanjeev as its new MD & CEO. In the new role, Sanjeev Mantri will be succeeding Bhargav Dasgupta who is all set to join the Asian Development Bank (ADB) as its Vice-President of market solutions for a three-year term.

Sanjeev Mantri Source Of Income

Sanjeev’s main source of income is from his job as Executive Director at ICICI General Insurance company. Reportedly, the executive’s net worth stands at $100 million.

Lesser Known Facts About Sanjeev Mantri

• The executive used to play tennis for around 7 to 8 years. However, following injuries in both his knees, Sanjeev had to give up the sport.

• Sanjeev is an avid marathon enthusiast and has been participating in marathons for the last 17 years. He has already been part of the world’s major marathon events held in London, New York, Chicago, Boston, and Berlin and participates in the Mumbai marathon every year.

• Sanjeev Mantri is of the opinion that technology will bring lots of changes to the insurance industry such as drone-based risk inspections. He went on to say that the future will be that of a smart underwriter- an algorithm that combines video, audio, and image files that will ultimately result in claim settlement happening in minutes.  

• While commenting on his love for marathons, Sanjeev said on a lighter note that since his company sells health insurance, it is imperative that he has to be fit.

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