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United Kingdom

Housing Development Finance Corporation Ltd (HDFC.NS)

HDFC.NS on National Stock Exchange of India

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13 Dec 2018
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Summary

Name Age Since Current Position

Deepak Parekh

73 2009 Non-Executive Non-Independent Chairman of the Board

Keki Mistry

62 2010 Executive Vice Chairman of the Board, Chief Executive Officer

R. Arivazhagan

2017 Chief Information Technology Officer, Member of the Executive Management

Ajay Agarwal

2015 Compliance Officer, Company Secretary

Renu Karnad

65 2010 Managing Director, Executive Director

V. Srinivasa Rangan

58 2010 Executive Director

Conrad D'Souza

2016 Chief Investor Relations Officer, Member of Executive Management

Madhumita Ganguli

61 2011 Member of Executive Management

Mathew Joseph

2012 Member of Executive Management

Suresh Menon

2012 Member of Executive Management

Rajeev Sardana

2015 Member of Executive Management

Bhaskar Ghosh

2018 Independent Director

Jalaj Dani

2018 Non-Executive Independent Director

J. Irani

2008 Non-Executive Independent Director

Nasser Munjee

65 1998 Non-Executive Independent Director

Upendra Sinha

2018 Non-Executive Independent Director

Biographies

Name Description

Deepak Parekh

Mr. Deepak S. Parekh is Non-Executive Non-Independent Chairman of the Board of Housing Development Finance Corporation Limited. He is a Fellow of The Institute of Chartered Accountants in England & Wales. Mr. Parekh joined the Corporation in a senior management position in 1978. He was inducted as a whole-time director of the Corporation in 1985 and subsequently, appointed as the Managing Director of the Corporation (designated as 'Chairman') in 1993. He retired as the Managing Director on December 31, 2009. He was appointed as a Director of the Corporation liable to retire by rotation, by the shareholders of the Corporation at its Annual General Meeting held on July 14, 2010. He is a director on the boards of several prominent companies in India. He is also the Chairman of the Corporate Social Responsibility Committee of Directors.

Keki Mistry

Shri. Keki Minoo Mistry, CPA, is Executive Vice Chairman of the Board, Chief Executive Officer of Housing Development Finance Corporation Limited. He is a Fellow of The Institute of Chartered Accountants of India. Mr. Mistry is also the Chairman of CII National Council on Corporate Governance. Mr. Mistry joined the Corporation in 1981. He was appointed as the Executive Director of the Corporation in 1993, as the Deputy Managing Director in 1999 and as the Managing Director in 2000. He was re-designated as the Vice Chairman & Managing Director of the Corporation in October 2007 and as the Vice Chairman & Chief Executive Officer, with effect from January 1, 2010. He was also a member of the Committee of Corporate Governance set up by Securities and Exchange Board of India. Mr. Mistry is also a member of the Risk Management Committee and Corporate Social Responsibility Committee of Directors.

R. Arivazhagan

Mr. R. Arivazhagan is Chief Information Technology Officer, Member of the Executive Management of the Company. He is a Member of Executive Management of the Corporation and is heading the Information Technology Department of the Corporation and HDFC Mutual Fund. He holds a post graduate diploma in Management from IIM Calcutta. He has been associated with the Corporation since 1986.

Ajay Agarwal

Renu Karnad

Mrs. Renu Sud Karnad is Managing Director, Executive Director of Housing Development Finance Corporation Limited. She holds a Master’s degree in Economics from the University of Delhi and is a graduate in law from the University of Mumbai. She is a Parvin Fellow – Woodrow Wilson School of International Affairs, Princeton University, USA. Ms. Karnad joined the Corporation in 1978 and was appointed as the Executive Director of the Corporation in 2000 and was re-designated as the Joint Managing Director of the Corporation in October 2007. She was appointed as the Managing Director of the Corporation, with effect from January 1, 2010. Ms. Karnad is also a member of the Risk Management Committee and Corporate Social Responsibility Committee of Directors.

V. Srinivasa Rangan

Mr. V. Srinivasa Rangan is Executive Director of Housing Development Finance Corporation Limited. He holds a Bachelor’s degree in Commerce and is an Associate of The Institute of Chartered Accountants of India and that of The Institute of Cost Accountants of India. Mr. Rangan joined the Corporation in 1986 and has served in Delhi Region and was the Senior General Manager – Corporate Planning & Finance function at head office since 2001. He was appointed as the Executive Director of the Corporation, with effect from January 1, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation. Mr. Rangan is also a member of the Stakeholders Relationship Committee of Directors, Risk Management Committee and Corporate Social Responsibility Committee of Directors.

Conrad D'Souza

Mr. Conrad D'Souza is Chief Investor Relations Officer, Member of Executive Management of the Company. His responsibilities include corporate planning and budgeting, corporate finance and investor relations. He holds a Master’s degree in Commerce from University of Mumbai, a Master’s degree in Business Administration from South Gujarat University and is a Senior Executive Program (SEP) graduate of the London Business School. He has been associated with the Corporation since 1984. He was earlier the Treasurer of the Corporation and his responsibilities included resource mobilisation, both domestic and international, and asset liability management. Mr. D’Souza has also worked earlier in the operations and management services at the Corporation and was also the Regional Manager for the State of Maharashtra. He has been a consultant to United States Agency for International Development/ USAID, United Nations Development Programme and International Finance Corporation (Washington) and has undertaken assignments in Asia, Africa and Eastern Europe. He has also been a speaker at various international seminars on housing finance. He is a member of the Allotment Committee – Debt Securities, Asset Liability Management Committee and Risk Management Committee of the Corporation.

Madhumita Ganguli

Ms. Madhumita Ganguli is a Member of Executive Management of the Company. She is responsible for the home loan operations of the Corporation in the National Capital Region and the states of Punjab and Madhya Pradesh. She holds a Bachelor’s degree in Law from University of Delhi. She has been associated with the Corporation since 1981 and was responsible for steering the Business Process Reengineering program in the Corporation for retail lending, which has helped the Corporation accentuate its competitive edge by introducing technology in the underwriting process. She was a key member of the team that provided consultancy for setting up the operations of Mauritius Housing Finance Company. She is a member of the National Housing Bank Working Committee on Standardising of Loan Documentation for Retail Housing Loans and a committee set up by FICCI to formulate recommendations for the Government of India for the real estate sector. She has also been a speaker at various international and national seminars on housing finance. She is a member of the Risk Management Committee and Internal Complaints Committee of the Corporation.

Mathew Joseph

Mr. Mathew Joseph is Member of Executive Management of the Company. He is responsible for the operations and business of the Corporation in the States of Tamil Nadu, Andhra Pradesh and Telangana. He is a member of the Institute of Chartered Accountants of India. He has been associated with the Corporation since 1988. He is also a member of a group formulating policies and processes for individual loans. He has been involved in consultancy assignments undertaken by the Corporation in Africa and Asia to support and establish their housing finance institutions. He is a member of the Whistle Blower Complaints Committee of the Corporation.

Suresh Menon

Mr. Suresh Menon is Member of Executive Management of the Company. He is responsible for policy implementation and process monitoring, internal audit and Information Technology User Support Group. He holds a Bachelor’s degree in Commerce from Maharaja Sayajirao University of Baroda and a Master’s degree in Business Administration from South Gujarat University. He has been associated with the Corporation since 1984. He has previously held the positions of the Head of the Recoveries department, Area Manager in Baroda and Regional Manager for Mumbai. He was also responsible for laying down the Retail Lending policies for the Corporation and coordinating with the marketing, information technology, legal and communications department for development and implementation of new lending products. He was also deputed as the CEO of HDFC General Insurance Company in 2007-2008. He is currently co-ordinating the consultancy and training assignments with Sarana Multigriya Financial – Indonesia. He is also a member of the core faculty at the Frankfurt School of Finance and Management, Germany – Housing Finance Summer Academy. He is a member of the Risk Management Committee of the Corporation.

Rajeev Sardana

Mr. Rajeev Sardana is Member of Executive Management of the Company. He is the National Head – Self Employed Business and Loan against Property and also the Business Head for the states of Uttar Pradesh, Uttarakhand and Bihar. He is a member of the Institute of Chartered Accountants of India. He has been associated with the Corporation since 1987 and is also involved in the development of products and policies for retail mortgage loans. He has been involved in consultancy assignments undertaken by the Corporation in various countries across Asia to support and establish their housing finance institutions. He is a member of the Whistle Blower Complaints Committee of the Corporation.

Bhaskar Ghosh

Dr. Bhaskar Ghosh is Independent Director of the Company. He is group chief executive-Accenture Technology Services with overall responsibility for the Accenture Application Services business. He directs strategy and investments for Accenture Technology Services, and in addition, leads platforms, products and global technology delivery. He is a member of the Accenture Global Management Committee. In this role, Dr. Ghosh's focus is to enable enterprises to embrace digital disruption and drive growth through innovation and services designed to reinvent their application portfolio. A key aspect in this is to help enterprises transform their business through the adoption of New IT, spanning strategy, technologies, architectures, platforms, methods, organization and operating models. Under Dr. Ghosh's leadership, Accenture transformed its Applications Services business and launched the Future of Applications vision, which emphasized that business leaders will play a bigger role in building applications and IT will play a bigger role in strategy. This vision underscored the role of software for differentiation and innovation, and urged companies to begin a reinvention journey and new operating model to compete in the high-velocity, software-driven world. Accenture Technology Services has made outstanding progress to rapidly rotate to the New and enable clients to lead in the New under Dr. Ghosh's leadership. More than 180,000 Accenture Technology people have been trained around the world in New IT, including automation, Agile development and intelligent platforms, and Accenture strengthened New IT offerings around data, cloud, security and Liquid Application Management. In the same period, Accenture opened a ground-breaking Innovation Hub in Bengaluru with a focus on driving innovation at scale, and a network of more than 18 Liquid Studios around the world.

Jalaj Dani

Mr. Jalaj Ashwin Dani is Non-Executive Independent Director of the Company. He is co-promoter of Asian Paints Limited and has spent over the last two decades in various capacities with Asian Paints Limited. He has pursued Chemical Engineering at University of Wisconsin-Madison, USA. He also did Advanced Management Program at INSEAD, Fountainbleau, Paris. He is actively involved in Confederation of Indian Industry (CII), Young President’s Organisation (YPO), Federation of Indian Chambers of Commerce and Industry (FICCI) and other Business Councils in various capacities. He also serves on Next Generation of Leaders Board (NGLB) in Indian School of Business (ISB), Hyderabad. He was identified as ‘Stars 2000’- Potential Leaders in the New Millenium by ‘Business India’ Magazine in the year 1998. He has been appointed as an independent director of the Corporation for a period of 5 years with effect from April 30, 2018. He is also a member of the Audit Committee of Directors, Stakeholders Relationship Committee of Directors and Corporate Social Responsibility Committee of Directors.

J. Irani

Dr. J. J. Irani is Non-Executive Independent Director of Housing Development Finance Corporation Limited. He holds a Master’s degree in science from Nagpur University and a Master’s degree in Metallurgy from University of Sheffield, United Kingdom. He holds a Doctorate degree in Metallurgy from the University of Sheffield, United Kingdom. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in India. Queen Elizabeth II conferred on him honorary Knighthood (KBE) for his contribution to Indo-British Trade and Co-operation. He has been a director of the Corporation since 2008. He is also the Chairman of Stakeholder Relationship Committee of Directors and a member of the Nomination & Remuneration Committee of Directors.

Nasser Munjee

Shri. Nasser M. Munjee is Non-Executive Independent Director of Housing Development Finance Corporation Limited. He holds a Master’s degree in Economics from the London School of Economics, UK. He is the Chairman of DCB Bank Limited and a director on the boards of several prominent companies in India. He was earlier the Executive Director of the Corporation and had been working with the Corporation from 1978 to 1998. He has been a director of the Corporation since 1993. He is also the Chairman of Audit Committee of Directors, Risk Management Committee and a member of the Nomination & Remuneration Committee of Directors. He is deeply interested in development and infrastructure issues.

Upendra Sinha

Mr. Upendra Kumar Sinha is Non-Executive Independent Director of the Company. He has served as the Chairman of Securities and Exchange Board of India (SEBI) for a period over six years between 2011 and 2017. During his stewardship SEBI is credited with having brought in significant regulatory amendments in areas such as Takeover Code, Foreign Portfolio Investors, Alternate Investment Funds, REITIs, InVITs., Corporate Governance etc. Prior to this, he was the Chairman and Managing Director at UTI Asset Management Company Private Limited from 2005 until February 2011. Preceding this, he was the Joint Secretary in Department of Economic Affairs at Ministry of Finance and looked after Banking Division and Capital Markets Division – including external commercial borrowings, pension reforms and foreign exchange management functions. For his contribution as Chairman SEBI, he was conferred with many awards viz. CNBC-TV18 India Business Leader Awards (IBLA) – Outstanding Contribution to Indian Business Award 2014 and Economic Times - Business Reformer of the Year Award 2014 to name a few. He was an officer of the Indian Administrative Service in 1976. He holds a M.Sc. and LLB degree from Patna University. He has been appointed as an independent director of the Corporation for a period of 5 years with effect from April 30, 2018. He is also a member of the Nomination and Remuneration Committee of Directors.

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