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United Kingdom

IDFC Ltd (IDFC.NS)

IDFC.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Vinod Rai

67 2015 Non-Executive Independent Chairman of the Board

Sunil Kakar

60 2017 Chief Executive Officer, Managing Director, Director

Bipin Gemani

2015 Chief Financial Officer

Ketan Kulkarni

2015 Company Secretary, IR Contact Officer

Soumyajit Ghosh

43 2017 Nominee Director - Representing Government of India

Manish Kumar

42 2017 Nominee Director - Representing Government of India

Chintamani Bhagat

2015 Non-Executive Director - Nominee of Domestic and Foreign Institutional Shareholders

Gautam Kaji

76 2015 Additional Independent Director

Surinder Kohli

72 2012 Independent Director

Marianne Okland

55 2011 Independent Director

Donald Peck

65 2010 Independent Director

Biographies

Name Description

Vinod Rai

Mr. Vinod Rai serves as Non-Executive Independent Chairman of the Board of the Company. Mr. Rai was Additional Independent Director of the Company. An officer of the Indian Administrative Services (batch of 1972), He holds a Masters degree in Economics from Delhi School of Economics and a Masters degree in Public Administration from Harvard University, U.S.A. Mr. Rai has held senior posts with the State Government of Kerala and the Government of India. Prior to his present posting in the Banking Division, Government of India, he was Principal Secretary (Finance), Government of Kerala. Mr. Rai has been nominated as a Director by the Government of India.

Sunil Kakar

Mr. Sunil Kakar serves as Chief Executive Officer, Managing Director, Director of the company. He started his career at Bank of America where he worked for 18 years in various roles, covering Business Planning & Financial Control,Branch Administration and Operations, Market Risk Management, ProjectManagement and Internal Controls. As a CFO from 1996 to 2001, Mr. Kakar spearheaded the Finance function at Bankof America in India. After Bank of America, Mr. Kakar was the CFO at Max New York Life Insurance Company since 2001. He led numerous initiatives including Planning, Investments / Treasury, Finance and Accounting, Budgeting and MIS, Regulatory Reporting and Taxation. As part ofthe start-up team in Max New York Life, Mr. Kakar was a key part of core groupwhich led the successful development of the insurance business. He joined IDFC in 2011 as the Group Chief Financial Officer and was responsible for Finance & Accounts, BusinessPlanning and Budgeting, Investor Relations, Resource Raising and IT. He was also a member of IDFC Group’s Management Committee. After the demerger of IDFC Ltd and IDFC Bank, he moved to the bank as one of the founding members that led the transition of IDFC into a universal bank. He was a member of the Executive Committee of the bank and led Strategic Planning & Budgeting, Finance & Accounts and Investor Relations at IDFC Bank. Mr. Kakar holds an MBA in Finance from XLRI and a degree in engineering from IIT Kanpur.

Bipin Gemani

Ketan Kulkarni

Soumyajit Ghosh

Mr. Soumyajit Ghosh serves as Nominee Director - Representing Government of India of the company. Mr. Soumyajit Ghosh is Under Secretary with Department of Financial Services (DFS), Ministry of Finance, Government of India. He has graduated with Hons in Statistics. He has experience in Administration of Financial Rules and has handled administrative matters pertaining to Promotions of All India Services, legal issues and procurement matters, including defense procurement. Presently, he is handling administrative & other matters relating to Financial Institutions namely, EXIM Bank, IIFCL, IFCI Limited etc. he is also handling the issues relating to the revival of stressed assets in infrastructure sector.

Manish Kumar

Mr. Manish Kumar serves as Nominee Director - Representing Government of India of the company. Mr. Manish Kumar is Under Secretary with Department of Financial Services (DFS), Ministry of Finance (MoF), Government of India (GOI). He is currently holding the charge of Industrial Relations (IR) where he is handling matters related to industrial relations and macro management of HR policies, etc in Public Sector Banks (PSBs). He is also carrying the charge of Establishment matters of the employees of DFS. He also serves as a Director on the Board of Bharatiya Mahila Bank Ltd. He holds Masters in Human Resource Management. He has done Post Graduate Executive Programme in Financial Management (PGEPFM) from National Institute of Financial Management.

Chintamani Bhagat

Mr. Chintamani Bhagat serves as Non-Executive Director - Nominee of Domestic and Foreign Institutional Shareholders of the company. Mr. Chintamani Bhagat is the Executive Director, Investments at Khazanah. He joined Khazanah from McKinsey & Co (“McKinsey”), where his last position was that of Managing Partner in the Singapore Office. He was also a senior leader for the Principal Investor, and Healthcare Systems and Services practices. Over the 24 years of his working career, he has broad experience in investments, driving portfolio company performance, and designing and implementing governance systems. Prior to McKinsey, he held various positions at an engineering and construction firm in India, culminating in his role as CEO. Mr. Bhagat holds an MBA from INSEAD Business School and is a qualified architect.

Gautam Kaji

Mr. Gautam S. Kaji serves as Additional Independent Director of IDFC Limited. In a career spanning almost 30 years in economic and development policy formulation and implementation with the World Bank, Mr. Kaji played a key role in helping the institution meet the development needs of its more than 180 member nations. In the process, he earned a worldwide reputation as a leading expert on global economic and financial issues. Earlier, Mr. Kaji served in various senior managerial positions with the Bank - including in Africa, Europe and the Middle East and as Director for Human Resources. Prior to his appointment as Managing Director in 1994, he was the Bank’s Vice President for Operations in East Asia and the Pacific - a region with which he was closely involved for well over a decade. He is a Member of the Board of several companies, including the Cabot Corp etc. He has an MBA from the Wharton School of Finance.

Surinder Kohli

Mr. Surinder Singh Kohli serves as Independent Director of IDFC Limited. Till recently, Mr. Kohli was Chairman & Managing Director of India Infrastructure Finance Company Ltd (IIFCL), a wholly Government of India owned company engaged in the promotion and development of infrastructure. Mr Kohli has long experience as a banker, spanning 40 years having held position of Chairman and Managing Director of Punjab & Sind Bank and Punjab National Bank. PNB is the third largest bank in India. During his chairmanship, he undertook total transformation of the banks. Under his leadership, PNB became a techno-savvy bank by implementing core banking solution and introducing various technology-based products and services. Resultantly, PNB became the Number One bank among the nationalized banks in terms of assets, asset quality, technology, profit after tax and RoA. PNB also emerged as one of India’s Most Trusted Brands and the PNB Group floated three IPOs during his tenure which were highly successful

Marianne Okland

Ms. Marianne Okland serves as Independent Director of IDFC Limited. She is a Norwegian national, currently holds the position of Non Executive Director of Islandsbanki. She chairs the Board's Risk Committee and is a member of the Board's Audit Committtee. She is also a Managing Director of Avista Partners, a London-based consulting firm specialising in advisory and capital raising. She has spent most of her career in banking, dealing with debt financing in various positions at JP Morgan and Union Bank of Switzerland (UBS) focusing on Nordic debt origination and structuring. She is also familiar with the consulting business from her work at Marsoft Limited, a Boston-, Oslo- and London-based consulting firm specialising in shipping investments. Ms. Okland holds a Master of Science degree in Finance and Economics from the Norwegian School of Economics and Business Administration where she worked as a researcher and taught Mathematics.

Donald Peck

Mr. Donald Peck serves as Independent Director of IDFC Limited. He was earlier nominated as a Director by the Domestic Institutions and the Foreign Investors of the Company. A national of the United Kingdom, Mr. Peck has been a Director / alternate Director since 1999. He is an emerging market economist, business advisor and investor who has spent 30 years in emerging market including 12 years building Venture Capital businesses in India. Mr. Peck has worked for 10 years in the emerging markets investment banking division at Lloyds Bank and Morgan Grenfell and for three years in the capital markets / private equity division at IFC. He has a Doctorate in Economic History from the Oxford University.

Basic Compensation

Name Fiscal Year Total

Vinod Rai

2,279,170

Sunil Kakar

--

Bipin Gemani

--

Ketan Kulkarni

--

Soumyajit Ghosh

--

Manish Kumar

--

Chintamani Bhagat

841,667

Gautam Kaji

2,025,000

Surinder Kohli

2,062,500

Marianne Okland

2,108,330

Donald Peck

1,779,170
As Of  31 Mar 2017