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United States

Housing Development Finance Corporation Ltd (HDFC.BO)

HDFC.BO on Bombay Stock Exchange

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Summary

Name Age Since Current Position

Deepak Parekh

72 2009 Non-Executive Chairman of the Board

Keki Mistry

58 2010 Executive Vice Chairman of the Board, Chief Executive Officer

Ajay Agarwal

2015 Compliance Officer, Company Secretary

Renu Karnad

63 2010 Managing Director, Executive Director

V. Srinivasa Rangan

56 2010 Executive Director

Cornad D'Souza

2011 Member of Executive Management

Madhumita Ganguli

2011 Member of Executive Management

Suresh Menon

2012 Member of Executive Management

Surendra Dave

80 1990 Non-Executive Independent Director

Dhruba Ghosh

87 1989 Non-Executive Independent Director

J. Irani

2008 Non-Executive Independent Director

Bimal Jalan

2008 Non-Executive Independent Director

Bansidhar Mehta

80 1988 Non-Executive Independent Director

Nasser Munjee

63 1998 Non-Executive Independent Director

D. Sukthankar

1989 Non-Executive Independent Director

Biographies

Name Description

Deepak Parekh

Mr. Deepak S. Parekh is Non-Executive Chairman of the Board of Housing Development Finance Corporation Limited, since January 1, 2010. 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, appointed as the Managing Director of the Corporation (designated as ‘Chairman’) in 1993 and continued to be appointed as such from time to time. He retired as the Managing Director (designated as ‘Chairman’), with effect from the close of business hours on December 31, 2009. Mr. Parekh was appointed as a Director of the Corporation liable to retire by rotation by the shareholders of the Corporation at the 33rd Annual General Meeting held on Wednesday, July 14, 2010. He is a director on the boards of several prominent companies in India.

Keki Mistry

Mr. Keki Minoo Mistry, CPA., is Executive Vice Chairman of the Board, Chief Executive Officer of Housing Development Finance Corporation Limited since November 2010. He is a Fellow of The Institute of Chartered Accountants of India. 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 and Managing Director of the Corporation in October 2007. He was re-designated as the Vice Chairman & Chief Executive Officer, with effect from January 1, 2010. He has been re-appointed as the Managing Director (designated as the ‘Vice Chairman & Chief Executive Officer’) of the Corporation for a period of 5 years, with effect from November 14, 2010.

Ajay Agarwal

Renu Karnad

Ms. Renu Sud Karnad is Managing Director, Executive Director of Housing Development Finance Corporation Limited since January 2010. She is a graduate in law from the University of Mumbai and holds a Master’s degree in economics from the University of Delhi. She is a Parvin Fellow – Woodrow Wilson School of International Affairs, Princeton University, U.S.A. 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 has been appointed as the Managing Director of the Corporation for a period of 5 years, with effect from January 1, 2010.

V. Srinivasa Rangan

Mr. V. Srinivasa Rangan is Executive Director of Housing Development Finance Corporation Limited since March 2010. 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 2000. He has been appointed as the Executive Director of the Corporation for a period of 5 years, with effect from January 1, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation. He is a member of the Investor Relations & Grievance Committee of Directors.

Cornad D'Souza

Madhumita Ganguli

Suresh Menon

Surendra Dave

Dr. Surendra Ambalal Dave is Non-Executive Independent Director of Housing Development Finance Corporation Limited since 1990. He is a Doctorate in economics and holds a Master’s degree in economics from the University of Rochester. Dr. Dave was the former Chairman of the Securities and Exchange Board of India and the Unit Trust of India. He is a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1990. He is the Chairman of the Audit Committee of Directors and a member of the Investor Relations & Grievance Committee of Directors.

Dhruba Ghosh

Mr. Dhruba Narayan Ghosh is Non-Executive Independent Director of Housing Development Finance Corporation Limited since 1989. He holds a Master’s degree in economics. He was the former Chairman of the State Bank of India. Mr. Ghosh is the Chairman of ICRA Limited and a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1989. He is a member of the Audit Committee of Directors.

J. Irani

Dr. J. J. Irani is Non-Executive Independent Director of Housing Development Finance Corporation Limited., since March 19, 2012. He holds a Doctorate from University of Sheffield, U.K. He holds a Master’s degree in science from Nagpur University and M. Met from University of Sheffield, U.K. Queen Elizabeth II conferred on him honorary Knighthood (KBE) for his contribution to Indo-British Trade and Co-operation. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in India. He is a director on the boards of several prominent companies in India. He has been appointed as a Special Director of the Corporation, with effect from January 18, 2008 and resigned as such, with effect from March 19, 2012. The Board of Directors of the Corporation at its meeting held on March 19, 2012 appointed Dr. Irani as an Additional Director of the Corporation under Section 260 of the Companies Act, 1956.

Bimal Jalan

Dr. Bimal Jalan is Non-Executive Independent Director of Housing Development Finance Corporation Limited, since April 30, 2008. He is a former Governor of the Reserve Bank. He has previously held several positions in the Government including those of Finance Secretary and Chairman of the Economic Advisory Council to Prime Minister. He was a nominated Member of Parliament from 2003 to 2009. He has been associated with a number of public institutions and is at present Chairman of Centre for Development Studies, Thiruvananthapuram.

Bansidhar Mehta

Shri. Bansidhar S. Mehta is Non-Executive Independent Director of Housing Development Finance Corporation Limited since 1988. He is a graduate in commerce and a Fellow of The Institute of Chartered Accountants of India. Mr. Mehta is a Chartered Accountant in practice dealing with taxation, accountancy and valuation of mergers and acquisitions. He is a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1988.

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. He is the Chairman of Development Credit Bank imited and a director on the boards of several prominent companies in India and is interested in development and infrastructure issues. He was Executive Director of the Corporation and had been working with the Corporation from 1978 to 1998.

D. Sukthankar

Mr. D. M. Sukthankar is Non-Executive Independent Director of Housing Development Finance Corporation Limited, since 1989. He was an officer of the Indian Administrative Service and was Secretary, Ministry of Urban Development, Government of India and later Chief Secretary to the Government of Maharashtra.

Basic Compensation

Name Fiscal Year Total

Deepak Parekh

100,000

Keki Mistry

81,203,104

Ajay Agarwal

--

Renu Karnad

73,940,704

V. Srinivasa Rangan

48,537,000

Cornad D'Souza

--

Madhumita Ganguli

--

Suresh Menon

--

Surendra Dave

100,000

Dhruba Ghosh

100,000

J. Irani

80,000

Bimal Jalan

80,000

Bansidhar Mehta

100,000

Nasser Munjee

80,000

D. Sukthankar

100,000
As Of  30 Mar 2015