Mr. Sunil Mathur is a qualified Chartered Accountant. He was the chairman of Life Insurance Corporation of India (LIC) the largest life insurance company in India from August 2002 to October 2004. His tenure coincided with the opening up of the insurance sector which saw the entry of twelve companies with strong domestic brand joining up with leading international players. Despite intense competition LIC continued to be a dominant player in the market. This period was also marked by softening of the interest rates which necessitated the withdrawal of some of the popular high yield products and the introduction of new schemes. The equity portfolio was leveraged through secondary market operations and swapping of debt to book profit and give a fair return to the policyholders and also for better asset liability matching.
Post retirement from LIC, the Government of India appointed Mr. Mathur as administrator of the Specified Undertaking of the Unit trust of India (SUUTI) ,successor to the erstwhile Unit Trust of India, in December 2004 to manage the high return and guaranteed assured return schemes for which Government had provided financial support. Taking advantage of the bullish sentiments in the economy and the capital markets without destabilizing the markets the financials of the closed fund improved significantly through restructuring of NPA’s, sale of equity of unlisted companies and leveraging of the real estate portfolio. The Fund was managing assets of over Rs. 42,000 Crores (approximately 11 billion USD) of assets under management (having doubled in three years). Mr. Mathur relinquished charge as administrator in December 2007.
Mr. Mathur’s performance both as chairman of LIC and SUUTI administrator was appreciated by experts. Corporate Dossier Eco Times ranked Mr. Mathur at No 33 in the list of Indian CEO’s (second amongst PSU’s)and marked a record jump of 41 places by any CEO in a single year(from 74 in the year 2004 to 33 in the year 2005).
Mr. Mathur was nominated as a Part-time member of IRDA and was Non-Executive Chairman of National Stock Exchange. He is on the Board of many leading corporate like ITC, Thomas Cook (India) Limited, IL&FS, HOEC, UltraTech Cement, Indian Mortgage Guarantee Corporation, DCM Shriram Industries.
Mr. Mathur was appointed as Secretary General of Life Insurance Council on 9th May, 2012. He relinquished charge of the Life council on 31st August, 2012. He was also a member of Committee appointed by the Government to look into the issue of Misselling and Intermediary commission in the financial sector in 2014 under Chairmanship of Mr Sumit Bose.
Mr. Mathur was sponsored by USAID for a programme on Housing Finance at the Wharton Business School, Philadelphia in April-May 1992. He also attended a training programmed on Globalization, technology and Management of Change conducted by IIM Bangalore in collaboration with Sloan Business School, MIT Boston in May 2007.