Mr Sangramjit SarangiMr Sangramjit SarangiICAI Membership Number : 060613ICAI Membership Number : 060613

Mr Sangramjit SarangiMr Sangramjit SarangiICAI Membership Number : 060613ICAI Membership Number : 060613

ICAI Awards 2012ICAI Awards 2012CFO – Financial Sector (Insurance)CFO – Financial Sector (Insurance)

ICAI Awards 2012ICAI Awards 2012CFO – Financial Sector (Insurance)CFO – Financial Sector (Insurance)

Head of Finance – SBI LIFE INSURANCE COMPANY LIMITED

• Turnover (Sales) of the Company in Turnover (Sales) of the Company in Rupees:Rupees: Rs.13,133.74 Crore Rs.13,133.74 Crore

• Net worth of the Company:Net worth of the Company:

Rs.2,155.65 Crore Rs.2,155.65 Crore

• Market Capitalization of the Market Capitalization of the Organization:Organization:

Not Applicable (unlisted company)Not Applicable (unlisted company)Note: Please give details of the company where the person is located. For CA Business Achiever or CFO where person is handling multiple companies within a group, please give composite details of all companies under the domain of nominee. Details of Individual companies may be given separately. The applicants of CA Professional Achiever should give details only of the company where they are working.

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION • Managing long-term and short-term financing requirement Managing long-term and short-term financing requirement

of the Company maintaining sufficient liquidity and of the Company maintaining sufficient liquidity and deploying funds for optimum utilizationdeploying funds for optimum utilization

• Accountable to the Board and Stakeholders for financial Accountable to the Board and Stakeholders for financial activities of the Companyactivities of the Company

• Managing the Finance & Accounts department’s various Managing the Finance & Accounts department’s various functions, including but not limited to, Treasury Operations, functions, including but not limited to, Treasury Operations, Investment Portfolio Administration, Investment Risk Investment Portfolio Administration, Investment Risk Management & Performance Analysis, Investment Management & Performance Analysis, Investment Accounting & NAV, Strategic Planning & Management, Accounting & NAV, Strategic Planning & Management, Business Analytics, Financial Accounting & Reporting, Business Analytics, Financial Accounting & Reporting, Stakeholder Reporting, Taxation, Audit & Compliance, Stakeholder Reporting, Taxation, Audit & Compliance, Banking Arrangements, Vendor Negotiations and Banking Arrangements, Vendor Negotiations and Intermediaries & Policyholders’ Payouts.Intermediaries & Policyholders’ Payouts.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS• ‘‘Gold shield’ and ‘Silver shield’ awards from ICAI for Gold shield’ and ‘Silver shield’ awards from ICAI for

‘Excellence in Financial Reporting’ for the FY 2010 & ‘Excellence in Financial Reporting’ for the FY 2010 & FY 2011 respectivelyFY 2011 respectively

• Contribution to ICAI for issuing guidance note on Contribution to ICAI for issuing guidance note on ‘Internal Audit of Life Insurance Business’‘Internal Audit of Life Insurance Business’

• The Opex ratio (Operating Expenses to Gross Written The Opex ratio (Operating Expenses to Gross Written Premium) has come down to 6.8% in FY 2012 from Premium) has come down to 6.8% in FY 2012 from 8.6% in FY 2009 resulting in a straight 20% reduction 8.6% in FY 2009 resulting in a straight 20% reduction in expense ratio and hence improved profitabilityin expense ratio and hence improved profitability

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS• Automation of various processes - Automation of various processes -

Implementation of various systems at SBI Life Implementation of various systems at SBI Life such as Investment Risk Management Systems & such as Investment Risk Management Systems & Processes, Expense Management System, NDS-Processes, Expense Management System, NDS-OM, etc within a short span of 3 yearsOM, etc within a short span of 3 years

• The achievements are as a Team Leader of 89 The achievements are as a Team Leader of 89 members (Head of Finance).members (Head of Finance).

Note- Please specify exact role whether the achievement is as a member of team or team leader or in any other capacity.