Mr. B.Balachandra MD & CEO
IDBI Trusteeship Services Limited

IDBI Trusteeship Services Limited
Asian Building, 17, R. Kamani Marg
Ballard Estate, Mumbai – 400 001
[email protected]

“A Graduate in Chemistry and an Associate of Indian Insurance Institute, Mr. B.Balachandra has over 3 decades of experience in Insurance and Reinsurance, in Indian and overseas market.

Mr B.Balachandra joined The New India Assurance Co Ltd, as an Assistant Administrative Officer (AAO) in 1983. Except for one year tenure in Vizag, he served in various capacities from 1984 to 2003 in the Coimbatore Region. His predominant work related to the various technical depts., till 1998, when he took up marketing assignment as Head of Coimbatore Division I. During his tenure the Division received the distinction of being among the best divisions in the Region for 2 consecutive years. On promotion as Chief Manager in 2003 he was posted to Mumbai Regional Office III. He was transferred to head Motor Technical Dept. in the Head office in 2004 and further posted to the newly created Detariffing Dept. in 2006, which was mandated with preparing the ground work including preparation of guide rates for the detariffed regime to ensue from 1.1.2007.

In August 2007 he moved to head the Coimbatore Regional Office. The region received the distinction of being among the best regions for the year 2009-10.

In Feb 2010 he was posted to head the Sydney Branch in Australia, which does only reinsurance business. In June 2010 he was promoted as DGM. Mr Balachandra got promoted as General Manager in 2014 and was posted to GIC Re Mumbai in Oct 2014. With effect from 29th Jan, 2016, Mr. Balachandra has taken charge as MD and CEO of ITSL.

Mr B.Balachandra is a yoga enthusiast and spends his spare time listening to music and reading books.”