ICICI Prudential Life Share Price in Focus; Appoints Sidharatha Mishra as New MD & CEO

ICICI Prudential Life Insurance Limited has appointed Sidharatha Mishra as its new Managing Director and Chief Executive Officer. The company was formerly known as ICICI Prudential Life Insurance Company Limited. 

The appointment was approved by the Board at its meeting on October 2, 2026, following the recommendation of the Board Nomination and Remuneration Committee.  

Mishra To Take Charge 

Mishra will become Chief Operating Officer from October 6, 2026. He will then take over as Additional Director and MD & CEO from October 14, 2026, or the date of approval from the Insurance Regulatory and Development Authority of India, whichever is later. 

His appointment is for five consecutive years, subject to the required approvals.  

Sidharatha Mishra’s Background 

Mishra has more than 26 years of experience in the banking sector. He currently heads digital channels and partnerships, voice channel, customer service, NRI and IFIG groups at ICICI Bank Limited.  

He holds a bachelor’s degree in science and a postgraduate diploma in management, specialising in finance, from Utkal University, Bhubaneswar.  

The company said none of its directors are inter-se related to Mishra. It also stated that he is not debarred from holding the office of director under any SEBI order or order of any other authority. 

Anup Bagchi’s Resignation 

The appointment follows Anup Bagchi’s resignation as Managing Director and CEO. His resignation will take effect from the close of business hours on October 13, 2026. 

In his resignation letter dated October 1, Bagchi said he was leaving to pursue a new career opportunity outside the organisation. He said he would support the transition and ensure a smooth handover of responsibilities. 

Board’s Statement 

The Board placed on record its appreciation of Bagchi’s contribution to the ICICI Group over the past three decades. It also noted his tenure at ICICI Life and his role in the company’s growth 

The change will take place in stages, with Mishra moving into the COO position before assuming the MD and CEO role, subject to regulatory approval. 

Read More: KPI Green Energy Share Price in Focus; Alok Das Resigns as Group CEO Effective October 1, 2026! 

ICICI Prudential Life Insurance Share Price Performance  

As of October 1, 2026, 3:30 pm, ICICI Prudential Life Insurance Company share price closed at ₹448.05, a 0.96% increase from the previous closing price. 

Conclusion 

The leadership change will take place in October, with Mishra first assuming the COO role. His appointment as MD & CEO is subject to regulatory approval. 

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