WOMEN IN CHARGE
‘Never
feel that you are different from men’
She dislikes being labelled a ‘woman’ achiever. But
Sunita Sharma is the first woman to head LIC Housing Finance (LIC HFL), the
country’s second-largest mortgage lender in which Life Insurance
Corporation (LIC) controls a 40% stake.
However, she points out with some obvious
satisfaction that today women are climbing the corporate ladder more in
India than abroad.
“We should never feel that we are different from
men. We have to stand shoulder-toshoulder with men,” says Sharma, who will
have to transform the housing finance lender into a bank if its application
were to be approved by the Reserve Bank of India. Sharma believes that LIC
HFL has the operational efficiency and brand legacy to become a
full-fledged lender and the task doesn’t seem to daunt her one bit.
Sharma joined LIC as a direct recruit officer in
1981 and has since grown with the company, helping it boost business. In
2008, Sharma was made head of Pension & Group Schemes (P&GS), a
portfolio that she grew from Rs 70,000 crore to over Rs 2 lakh crore in her
four-year stint. Today, the P&GS business is almost as big as the
individual cover business of LIC and contributes 50% of all new business
income as against 15% in 2008. Sharma, however, refuses to rest on her
laurels and is reluctant to even talk about them. Her focus now is LIC
HFL and she says LIC was her past. Sharma, who took over as MD & CEO of
LIC HFL last November, says that success can’t be achieved alone. “It has
to be team work and people have to believe in you and respond to you.”
She prides herself more as a team player than as an
individual achiever and believes in the power of human potential to scale
up any business.
Sharma, who has a master’s degree in science from
Delhi University, believes that hard work alone is what puts a person on
the path to success.
“I don’t remember a time when I was not treated
equally because I was a woman. On the contrary, people would often laugh
and say, ‘why can’t people think like you, like a woman’,” recollects
Sharma, the only time that she in some way credited her own achievements.
Having worked for three decades and held positions
in the diverse fields of marketing, personnel and HR, finance and accounts,
risk management and equity research, Sharma is a strong advocate of people
taking responsibility for their own decisions, especially in matters
relating to work-life balance.
“If you decide to take care of your home because it
is not possible to manage both home and work, then be happy about it. If
you are able to manage without being at home for long and are able to
devote more time to office, be happy about that too. But if you are going
to carry a guilt, that you neglected your home for office, then don’t
work,” she says.
Anshul
Dhamija TOI140120
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