Humana vs ICICI Bank: Founders, CEOs and History
Humana was founded in 1961 by Wendell Cherry, David A. Jones Sr. and is led by James A. (Jim) Rechtin. ICICI Bank was founded in 1994 by Industrial Credit and Investment Corporation of India and is led by Sandeep Bakhshi.
Company facts
Humana
- Founded
- 1961
- Headquarters
- Louisville, Kentucky
- Current CEO
- James A. (Jim) Rechtin
- Employees
- 67,600
ICICI Bank
- Founded
- 1994
- Headquarters
- Mumbai, Maharashtra, India
- Current CEO
- Sandeep Bakhshi
- Employees
- 124,029
Founders
Humana
Wendell Cherry
Wendell Cherry and his law-school classmate David A. Jones Sr. each put in about $1,000 to open the Heritage House nursing home in Louisville in 1961. The venture grew into Extendicare, the largest nursing home chain in the U.S., and went public in 1968.
David A. Jones Sr.
David A. Jones Sr. led Humana through each of its major pivots: from nursing homes (Extendicare) to hospitals in the 1970s, into health plans in the 1980s, and to a pure health benefits company after the 1993 spin-off of its hospitals as Galen Health Care.
ICICI Bank
Industrial Credit and Investment Corporation of India
The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 at the initiative of the World Bank, the Government of India, and representatives of Indian industry.
CEOs and their tenures
Humana
- Bruce Broussard2013–2024
Former Chief Executive Officer
Broussard led Humana from 2013 to 2024, growing Medicare Advantage membership, creating the CenterWell brand, and completing the 2021 Kindred at Home acquisition.
Source - James A. (Jim) Rechtin2024–present
President and Chief Executive Officer
Under Rechtin, Humana grew Medicare Advantage membership by more than 1 million for 2026 while planning exits covering about 600,000 members for 2027 to restore margins.
Source - Celeste Mellet2025–present
Chief Financial Officer
Appointed CFO in 2023, she manages the severe financial fallout resulting from the US government's unexpected cuts to Medicare Advantage reimbursement rates.
Source
ICICI Bank
- K V Kamath1996–2009
CEO & Managing Director
Kamath built ICICI's reputation for technology-led banking, early ATMs, internet banking, and retail credit, and oversaw the 2002 reverse merger that created the modern bank.
Source - Chanda Kochhar2009–2018
CEO & Managing Director
Kochhar expanded ICICI Bank's retail franchise and brand reach, but her tenure ended amid the Videocon controversy and a sharp rise in bad corporate loans.
Source - Sandeep Bakhshi2018–present
Managing Director & CEO
Bakhshi is credited with restoring investor and regulator trust after 2018 and turning ICICI Bank into a lower-risk, steadily compounding lender, with net NPAs around 0.3% in 2026.
Source
Timeline: Humana and ICICI Bank side by side
1955ICICI Bank
ICICI Founded as Development-Finance Institution
ICICI was formed to provide medium- and long-term project finance to Indian businesses.
1961Humana
Heritage House Opens
Lawyers David A. Jones Sr. and Wendell Cherry opened a nursing home in Louisville, the start of the company that became Humana.
1968Humana
Extendicare IPO
The nursing home company, then called Extendicare, went public and became the largest U.S. nursing home chain.
1974Humana
Renamed Humana
After shifting from nursing homes to hospitals, the company adopted the Humana name.
1993Humana
Hospitals Spun Off
Humana spun off its hospitals as Galen Health Care, leaving a pure health benefits company.
1994ICICI Bank
ICICI Bank Incorporated
ICICI Bank was incorporated as part of the ICICI group during India's post-liberalization banking opening. The move gave ICICI a deposit-taking commercial bank able to serve retail, corporate, and transaction-banking customers.
1999ICICI Bank
NYSE Listing Milestone
ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to list on the New York Stock Exchange. The listing expanded global visibility and imposed a higher disclosure profile on the group.
2001ICICI Bank
Bank of Madura Amalgamation
Bank of Madura was amalgamated with ICICI Bank with effect from March 10, 2001. The deal added branches, customers, and a southern India presence that helped the young bank build distribution faster than organic expansion alone.
2002ICICI Bank
Reverse Merger Created Universal Bank
ICICI, ICICI Personal Financial Services, and ICICI Capital Services merged into ICICI Bank.
2010ICICI Bank
Bank of Rajasthan Merger
The Bank of Rajasthan merger strengthened ICICI Bank's branch network, especially in northern and western India. The transaction mattered because local branches and deposits still supported private-bank scale even as digital channels were growing.
2012Humana
Acquired Arcadian Management Services
Humana acquired Arcadian Management Services. Humana acquired Arcadian, a Medicare Advantage plan operator, to add membership in several states.
2017Humana
Aetna Merger Blocked
A federal judge blocked Aetna's roughly $37 billion acquisition of Humana; Aetna paid Humana a $1 billion breakup fee.
2018ICICI Bank
Sandeep Bakhshi Became MD and CEO
Sandeep Bakhshi became Managing Director and CEO in October 2018 after Chanda Kochhar requested early retirement. His tenure has been associated with a sharper focus on risk controls, asset quality, governance, and steady retail-led growth.
2021Humana
Full Ownership of Kindred at Home
Humana bought the 60% of Kindred at Home it did not already own, later rebranding the home health business under CenterWell.
2024Humana
Jim Rechtin Becomes CEO
Jim Rechtin, who joined as President and COO in January 2024, succeeded Bruce Broussard as CEO in July 2024.
2025Humana
$129.7B FY2025 Revenue
Humana reported $129.66B in revenue and $1.19B in net income, and completed its exit from employer-group commercial medical coverage.
2025ICICI Bank
FY2025 Balance Sheet Scale
The FY2025 integrated report listed Rs 16,103.48B in deposits, Rs 13,417.66B in loans and advances, Rs 21,182.40B in standalone total assets, and a 16.55% capital adequacy ratio.
2025ICICI Bank
FY2025 Profitability
ICICI Bank reported Rs 472.27B in standalone profit after tax and Rs 510.29B in consolidated profit after tax for FY2025. Profitability matters because the bank has to fund technology, compliance, provisions, and growth while keeping capital strong.
2025ICICI Bank
IMobile and Card Scale
IMobile processed 558M transactions worth Rs 11,238B in FY2025, and the bank had close to 18M active credit cards at March 31, 2025.
2026Humana
Medicare Advantage Surge and 2027 Pullback
Humana added more than 1 million MA members for 2026, reported Q2 revenue of $40.89B, and said it will exit plans covering about 600,000 members for 2027.
2026ICICI Bank
Q1 FY2027 Profit Up 15.9%
Standalone profit rose 15.9% to Rs 14,805 crore for April-June 2026, with net interest income up 12.7% and net NPAs at 0.35%.
2026ICICI Bank
Bakhshi Reappointed to 2028
The RBI approved Sandeep Bakhshi's reappointment as MD and CEO for two years from October 4, 2026.
2026ICICI Bank
FY2026 Profit Crosses Rs 50,000 Crore
Standalone net profit rose 6.2% to Rs 50,146.6 crore in FY2026, with a 4.32% net interest margin and 15.8% loan growth.
Acquisitions
ICICI Bank
- Bank of Rajasthan2010Undisclosed
- The Sangli Bank2007Undisclosed
- Bank of Madura2001Undisclosed
- Anagram Finance1998Undisclosed
- ITC Classic Finance1997Undisclosed
Questions about Humana vs ICICI Bank
Who is the CEO of Humana Inc. and ICICI Bank Limited?
Humana Inc. is led by James A. (Jim) Rechtin and ICICI Bank Limited is led by Sandeep Bakhshi. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Humana Inc. founded vs ICICI Bank Limited?
Humana Inc. was founded in 1961 — 33 years before ICICI Bank Limited, which was founded in 1994. Humana Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger ICICI Bank Limited.
How many employees does Humana Inc. have compared to ICICI Bank Limited?
Humana Inc. employs approximately 67,600 people, while ICICI Bank Limited employs approximately 124,029. ICICI Bank Limited has the larger workforce at 124,029 employees, compared to Humana Inc.'s 67,600. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Humana Inc. and ICICI Bank Limited headquartered?
Humana Inc. is headquartered in United States and ICICI Bank Limited is headquartered in India. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Humana Inc. and ICICI Bank Limited?
Humana Inc. was founded by Wendell Cherry, David A. Jones Sr.. ICICI Bank Limited was founded by Industrial Credit and Investment Corporation of India.
Which company has a longer operating history — Humana Inc. or ICICI Bank Limited?
Humana Inc. has been operating for approximately 65 years, making it the more established of the two companies. ICICI Bank Limited has been in operation for around 32 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Humana vs ICICI Bank overview