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HDFC Standard Life Insurance Company Ltd (HDFS.NS)

HDFS.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Deepak Parekh

73 Nominee Chairman of the Board

Vibha Padalkar

50 2018 Chief Executive Officer, Managing Director, Executive Director

Rajendra Ghag

2012 Senior Executive Vice President and Chief Human Resource Officer

Sanjeev Kapur

2015 Senior Executive Vice President - Bancassurance and Group Sales

Subrat Mohanty

2014 Senior Executive Vice President and Head-Strategy, Operations, BS&T & Health

Srinivasan Parthasarathy

2015 Senior Executive Vice President - Chief Actuary & Appointed Actuary

Khushru Sidhwa

2015 Executive Vice President - Audit & Risk Management

Sanjay Vij

2013 Executive Vice President - Bancassurance

Prasun Gajri

2009 Chief Investment Officer

Suresh Badami

2018 Whole-Time Director

Narendra Gangan

2017 Company Secretary and Head of Compliance and Legal

Gerald Grimstone

68 2013 Nominee Director

Renu Karnad

65 2006 Nominee Director

Keki Mistry

62 2000 Nominee Director

Norman Skeoch

60 2005 Nominee Director

Sumit Bose

63 2014 Independent Director

Prasad Chandran

65 2014 Independent Director

AKT Chari

77 2017 Independent Director

Ketan Dalal

59 2017 Independent Director

Jamshed Irani

81 2017 Independent Director

Ranjan Mathai

65 2016 Independent Director

Vegulaparanan Viswanathan

66 2014 Independent Director

Biographies

Name Description

Deepak Parekh

Mr. Deepak S. Parekh is Nominee Chairman of the Board of the company. He has been on our Board since August 2000. He is also the chairman of our Promoter i.e., HDFC. Mr. Parekh is an associate of the Institute of Chartered Accountants of England and Wales. He is a on the board of several leading corporations across diverse sectors. He is the non-executive chairman of Siemens Limited, GlaxoSmithkline Pharmaceuticals Limited and BAE Systems India (Services) Private Limited. He is also on the boards of Indian Hotels Company Limited and Bangalore International Airport Limited (BIAL). Mr. Parekh has won several awards, which includes Padma Bhushan conferred by Government of India in 2006, ‘Bundesverdienstkreuz’, which is Germany’s Cross of the Order of Merit, being one of the highest distinction by the Federal Republic of Germany, in 2014, “Knight in the Order of the Legion of Honour”,one of the highest distinction by the French Republic, in 2010 and he was also the first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010.

Vibha Padalkar

Ms. Vibha Padalkar is Chief Executive Officer, Managing Director, Executive Director of the Company. She joined our Company on August 4, 2008. Ms. Padalkar qualified as a member of the Institute of Chartered Accountants of England and Wales in 1992. She is also a member of the Institute of Chartered Accountants of India. Prior to her appointment with our Company, she has worked in varied sectors such as Business Process Outsourcing (WNS Global Services), FMCG (Colgate Palmolive (India) Limited) and Big 4 audit firm (Lovelock & Lewes (part of PricewaterhouseCoopers). Ms. Padalkar leads the finance, legal, secretarial and compliance, internal audit and risk functions as well oversight of our pension subsidiary, HDFC Pension. Ms. Padalkar was honoured with the “CFO – Woman of the year” award by the Institute of Chartered Accountants of India in 2011 and for “Excellence in Financial Control, Compliance, Corporate Governance and Ethics” by IMA, India in 2013.

Rajendra Ghag

Mr. Rajendra Ghag is Senior Executive Vice President and Chief Human Resource Officer of the Company. He holds a bachelor’s degree in commerce from the University of Bombay, bachelor’s degree in law and a masters’ degree in personnel management from University of Poona. He has been associated with our Company since September 22, 2009. He was appointed as the Senior Executive Vice President and Chief Human Resource Officer with effect from April 01, 2012. Prior to joining our Company, he was associated with CEAT Limited, Sandoz (India) Limited, NOCIL, TFIPL (Reliance Industries Limited), Cadbury India Limited and DHL Express India Limited.

Sanjeev Kapur

Mr. Sanjeev Kapur is Senior Executive Vice President - Bancassurance and Group Sales of the Company. He holds a bachelor’s degree in commerce from HR College of Commerce and Economics,, University of Bombay. He is also a Chartered Accountant and a member of the Institute of Chartered Accountants of India. He has been associated with our Company since January 15, 2001. He was appointed as the Senior Executive Vice President (Bancassurance and Group Sales) with effect from April 01, 2015. Prior to joining our Company, he was associated with Bank of Credit and Commerce International (Overseas) Limited, Banque Indosuez Bank of America and ING Bank.

Subrat Mohanty

Mr. Subrat Mohanty is Senior Executive Vice President and Head-Strategy, Operations, BS&T & Health of the company. He holds a bachelor’s degree in engineering, National Institute of Technology, Rourkela and a Post Graduate Diploma in Management from Indian Institute of Management, Calcutta. He has been associated with our Company since May 4, 2010. He was appointed as Senior Executive Vice President and Head-Strategy, Operations, BS&T & Health with effect from April 1, 2014. Prior to joining our Company, he was associated with Accenture and Infosys BPO Limited.

Srinivasan Parthasarathy

Mr. Srinivasan Parthasarathy is Senior Executive Vice President - Chief Actuary & Appointed Actuary of the company. He holds a bachelor’s degree in science (mathematics), from Loyola College, University of Madras. He is also a Fellow of Institute of Actuaries of India (2008) and Institute of Actuaries, UK (2004). He has been associated with our Company since December 5, 2011. He was appointed as Senior Executive Vice President - Chief Actuary & Appointed Actuary with effect from April 1, 2015. Prior to joining our Company, he was associated with LIC of India, Chennai, Watson Wyatt, UK, AVIVA Life UK, York (Norwich Union), AVIVA India, Gurgaon and Canara HSBC, Gurgaon.

Khushru Sidhwa

Mr. Khushru Sidhwa is Executive Vice President - Audit & Risk Management of the Company. He holds a bachelor’s degree in commerce from University of Bombay. He is an Associate of the Institute of Chartered Accountants of India. He has been associated with our Company since July 6, 2010. He was appointed as the Executive Vice President (Audit and Risk Management) with effect from April 1, 2015. Prior to joining our Company, he was associated with S. B Billimoria & Co., S.R. Batliboi &Co., ABN Amro Bank and Fullerton India Credit Company Limited. The remuneration paid to Mr. Khushru Sidhwa for FY 2017 was ` 20.37 million (including perquisites) and ` 13.82 million (excluding perquisites).

Sanjay Vij

Mr. Sanjay Vij is Executive Vice President - Bancassurance of the company. He holds a bachelor’s degree in science (D.Tech) from Gujarat Agricultural University and masters in business administration from Faculty of Management Studies, University of Baroda. He has been associated with our Company since July 9, 2001. He was appointed as Executive Vice President - Bancassurance with effect from April 1, 2013. Prior to joining our Company, he was associated with HCL Limited, Blue Star Limited, Core Parenterals Limited, Span Medicals Limited. and Birla AT&T Communications Limited.

Prasun Gajri

Mr. Prasun Gajri is Chief Investment Officer of the Company. He holds a bachelor’s degree in electronics and electrical communication engineering from Punjab Engineering College, Chandigarh and a post graduate diploma in management from Indian Institute of Management, Ahmedabad. He is also a Chartered Financial Analyst from the CFA Institute, USA. He has been associated with our Company since April 24, 2009. He was appointed as the Chief Investment Officer with effect from April 24, 2009. Prior to joining our Company, he was associated with Citibank N.A and Tata AIG Life Insurance Company Limited.

Suresh Badami

Mr. Suresh Badami is Whole-Time Director of the Company. He holds a bachelor’s degree in science from The Bangalore University and a Post Graduate Diploma in Management from Xavier Institute of Management, Bhubaneswar. He has been associated with our Company since October 3, 2013. He was appointed as the Chief Distribution Officer with effect from October 3, 2013. Prior to joining our Company, he was associated with Dunlop India Limited, ICI India Limited, Cogensis Networks Private Limited, Max Ateev Limited and ICICI Bank Limited.

Narendra Gangan

Mr. Narendra Gangan is Company Secretary and Head of Compliance and Legal of the Company. He holds a bachelor’s degree in commerce from University of Bombay and a master’s degree in Financial Management from University of Mumbai. He also holds a bachelor’s degree in law from University of Mumbai and he is a member of The Institute of Company Secretaries of India. He has been associated with our Company since July 17, 2017. He was appointed as the Executive Vice President (Company Secretary and Head of Compliance and Legal) on July 17, 2017. Prior to joining our Company, he was associated with IDFC Limited. His other prior assignments include DSP Merrill Lynch Limited, IL&FS Limited, Baskin Robbins and 20th Century Finance Corporation Limited. He was appointed as Company Secretary of our Company with effect from July 18, 2017. He was also included as partner in the IDFC group wide partners programme based on the performance, leadership and cultural alignment.

Gerald Grimstone

Sir Gerald E. Grimstone is Nominee Director of the Company. He has been on our Board since April 1, 2013. Sir Gerald has completed his masters’ in Arts and masters’ in Science from University of Oxford. He became a director of the Standard Life Aberdeen, in July 2003 and has been the chairman of Standard Life Aberdeen since May 2007, having been deputy chairman since March 2006. He is also the chairman of Heng An Standard Life Insurance Company Limited in China. He is senior independent director and deputy chairman of Barclays Bank plc. He is also an independent, public interest, non – executive board member of Deloitte LLP and the lead non-executive at the Ministry of Defence. He is a senior adviser to the board of the Abu Dhabi Commercial Bank and is a member of the advisory council of the UK – India Business Council and is a member of the advisory council of the China – Britain Business Council. Previously, he held senior positions within the Department of Health and Social Security, a ministry of the British Government, and her Majesty’s Treasury, a British Government Department and with Schroders plc in London, Hong Kong and New York. He was vice chairman of Schroders’ worldwide investment banking activities from 1998-1999. In the Queen’s Birthday Honours List, announced in June 2014, Sir Gerald received a knighthood in recognition for his contribution to public service, particularly in defence and business.

Renu Karnad

Ms. Renu Sud Karnad is Nominee Director of the Company. She has been on our Board since January 25, 2006. She is also the managing director of our Promoter i.e., HDFC. She holds a bachelor’s degree in law from the University of Mumbai and a master’s degree in economics from the University of Delhi. She is a Parvin Fellow – Woodrow Wilson School of International Affairs, Princeton University, USA. Ms. Karnad joined HDFC in 1978 and she was appointed as the managing director of HDFC in January 2010.

Keki Mistry

Mr. Keki Minoo Mistry is Nominee Director of the Company. He has been on our Board since December 20, 2000. He is also the vice chairman and chief executive officer of our Promoter i.e., HDFC. He is a Fellow of the Institute of Chartered Accountants of India. Mr. Mistry joined HDFC in 1981. He was appointed as the executive director of HDFC in 1993, as the deputy managing director in 1999 and as the managing director in 2000. He was re-designated as the vice chairman and managing director of HDFC in October 2007 and as the vice chairman and chief executive officer, with effect from January 1, 2010. Some of Mr. Mistry's recent recognitions include, being awarded “Best Independent Director Award 2014” by Asian Centre for Corporate Governance & Sustainability, the Best CEO Financial Services (Large Companies) 2014 by Business Today magazine, honored with the “CA Business Achiever of the year” award in the Financial Sector by the Institute of Chartered Accountants of India (ICAI) in 2011, CNBC TV18's - CFO of the Year for 2008. Mr. Mistry is the chairman of the of CII National Council on Corporate Governance and a member of the Committee on Corporate Governance set up by the Securities and Exchange Board of India.

Norman Skeoch

Mr. Norman Keith Skeoch is Nominee Director of the Company. He has been on our Board since November 2, 2005. He has been on our Board since November 2, 2005. Mr Skeoch has been on the board of Standard Life Aberdeen plc (formerly Standard Life plc) since 2006 and was appointed chief executive officer in 2015. He is also the chief executive officer at Standard Life Investments Limited. Mr. Skeoch holds a bachelor’s degree in Arts from University of Sussex, United Kingdom and a masters’ degree in Arts from University of Warwick. Mr. Skeoch is a fellow of the Chartered Institute for Securities and Investment and fellow of the Society of Business Economists. He is also a fellow of the Royal Society for the Encouragement of the Arts.. He is a non-executive director of the Financial Reporting Council Limited. He has been on the board of Standard Life Aberdeen plc since 2006. Previously he spent nearly 20 years at James Capel & Company Limited in a number of roles, including chief economist and managing director international equities. He has been awarded honorary doctorates from the University of Sussex and Teesside University.

Sumit Bose

Mr. Sumit Bose is Independent Director of the Company. He has been on our Board since July 19, 2016. He holds a degree of master of science in Social Policy and Planning in developing countries from the London School of Economics and Political Science, University of London, UK. He also holds a masters’ degree in Arts (History) from University of Delhi. He was a member of Expenditure Management Commission set up to review the allocative and operational efficiencies of Government expenditure to achieve maximum output. He was also the Union Finance Secretary and Revenue Secretary in the Ministry of Finance, Government of India.

Prasad Chandran

Mr. Prasad Chandran is Independent Director of the Company. He has been on our Board since April 24 2014. Mr. Chandran holds a bachelor’s degree (honors) in chemistry from the University of Mumbai and a master’s degree in business administration from University Business School, Chandigarh. He has also completed the advanced business management education from Wharton Business School, University of Pennsylvania, USA and AOTS, Tokyo University, Japan. He was designated as the chairman and managing director of BASF India Limited to pursue his interest in nation building. He was also the chairman of CIBA India Limited, Cynamide India Limited, Pushpa Polymers before they integrated into BASF India Limited. He is also a member of the Prime Minister’s Special Task Force on the National Chemical Policy.

AKT Chari

Mr. AKT Chari is Independent Director of the Company. He has been on our Board since August 4, 2017. He holds a bachelor's degree in electrical engineering from Madras University in 1961. He previously held the position of chief general manager/adviser in Industrial Development Bank of India, where he handled project finance activities of the institution in various industrial and infrastructure sectors. Later he worked as chief operations officer/executive director/head project finance in IDFC Limited, where he was engaged in financing infrastructure projects, in multiple sectors.

Ketan Dalal

Mr. Ketan Dalal is Independent Director of the Company. He has been on Board since July 17, 2017. He is a fellow member of the Institute of Chartered Accountants of India, having qualified in 1981. In 1997, he (along with 3 other professionals) founded RSM, an Indian Tax practice, which merged into PwC in April 2007. He has recently founded a boutique structuring and tax firm, Katalyst Advisors LLP. He was a member of the ‘Working Group on Non-resident taxation’ formed by Ministry of Finance in 2003.He is a member of the Managing Committee and the Chairman of the Direct tax Committee of IMC. He has been a member of several SEBI Committees including SEBI’s High Powered Advisory Committee on consent orders and compounding and Group of experts to advise SEBI on matters relating to Financial Sector Legislative Reforms Commission

Jamshed Irani

Dr. Jamshed Jiji Irani is Independent Director of the Company. He has been on our Board since August 11, 2017. He holds a master’s degree in science from Nagpur University and master’s in Metallurgy from University of Sheffield, United Kingdom. Further, he also holds a Doctorate from University of Sheffield, United Kingdom. He received the Padma Bhushan from the President of India in 2007 for his services to trade and industry in India. Additionally, he was conferred the honorary Knighthood (KBE) for contribution to Indo-British Trade and Co-operation. Dr. Irani has been a director of the Housing Development Finance Corporation Limited (HDFC) since 2008. Currently, Dr. Irani is an independent director of HDFC and Repro India Limited.

Ranjan Mathai

Mr. Ranjan Mathai is Independent Director of the Company. He has been on Board since July 22, 2016. He is a qualified as a member of the Indian Foreign Service in 1974 after having completed his Masters in Arts from the University of Poona. He has experience in diplomacy, administration and research and prior to his appointment with our Company, he was the Foreign Secretary of the Government of India for two years in 2011.

Vegulaparanan Viswanathan

Mr. Vegulaparanan Kasi Viswanathan is Independent Director of the Company. He has been on Board since April 24, 2014. Mr. Viswanathan holds a bachelor’s degree in commerce from University of Madras and is a member of Institute of Chartered Accountants of India. Currently, he is the chairman of Bosch Limited. He joined the Bosch Group in Germany in September 1998 and worked in its global headquarters in Stuttgart, Germany for two years. He took over as joint managing director of Bosch Limited, India in January 2001 with responsibility for all commercial, finance, information technology, human resource and legal matters besides corporate strategy. He was seconded to USA as the senior vice president for its North American automotive electronics and electrical business in 2006. He was designated as the managing director of Bosch Limited and country head and president of Bosch Group in India from February 2008. He became the chairman of Bosch Limited in July 2013.