Shri Ratnakar Patnaik, Managing Director of the Corporation, during his long stint of 22 years in conventional marketing, served the Corporation in various leadership positions such as Senior Divisional Manager (in-Charge) of Indore and Jamshedpur Divisions, Regional Manager (Chief Life Insurance Advisor), Eastern Zone. He has also served as Chief (Investment - Front Office), Executive Director (Investment - Front Office), Central Office and Chief Investment Officer (KMP).

A graduate in Physics (Honours) and a post graduate in Public Administration, he is also a Fellow of Insurance Institute of India and a Diploma holder of Health Insurance