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IDFC Ltd (IDFC.NS)

IDFC.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Vinod Rai

70 2015 Non-Executive Independent Chairman of the Board

Sunil Kakar

60 2017 Chief Executive Officer, Managing Director, Director

Rinkoo Somani

2018 Interim Chief Financial Officer

Amol Ranade

2018 Compliance Officer, Company Secretary

Soumyajit Ghosh

43 2017 Nominee Director - Representing Government of India

Chintamani Bhagat

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

Surinder Kohli

73 2012 Independent Director

Marianne Okland

56 2011 Independent Director

Biographies

Name Description

Vinod Rai

Mr. Vinod Rai serves as Non-Executive Independent Chairman of the Board of the Company. Mr. Vinod Rai was the former Comptroller and Auditor General of India. Mr. Rai has wide experience of working in various capacities at both, the Central and State Governments. He was the Chairman of Banks Board Bureau constituted by the Government of India under Ministry of Finance. His previous position was as Secretary in the Ministry of Finance - GoI, where he was responsible for managing the Financial Services sector, including banks and insurance companies. He had been a Director on several Boards including the State Bank of India, ICICI Bank, IDBI Bank and Life Insurance Corporation of India. Mr. Rai was instrumental in setting up the India Infrastructure Finance Company Limited and was also on the Board of this company. Mr. Rai has also been the Principal Secretary (Finance) in the State Government of Kerala, apart from holding senior positions in the Ministries of Commerce and Defence, GoI. Mr. Vinod Rai has a Masters Degree in Economics from Delhi School of Economics, University of Delhi. He has a Masters Degree in Public Administration from Harvard University, USA.

Sunil Kakar

Mr. Sunil Kakar is 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.

Rinkoo Somani

Ms. Rinkoo Somani is Interim Chief Financial Officer of the Company. Ms. Rinkoo Somani has total work experience of over 16 years in the Financial Service Industry. Prior to this, she was the Financial Controller of IDFC Bank. She was actively involved in setting up of IDFC Bank viz. implementation of the demerger scheme, setting up of finance department of the Bank and shouldering the responsibility of financial reporting, regulatory reporting and taxation. She joined IDFC group in FY 2002 and since then involved in several critical initiatives in IDFC Group. She has wide experience in area of: 1. Accounting and consolidation 2. Financial and Regulatory Reporting 3. Audit 4. Taxation- Direct and Indirect compliances 5. Corporate restructuring, capital raise through IPO & QIP route Ms. Somani is a qualified Chartered Accountant from the Institute of Chartered Accountants of India.

Amol Ranade

Soumyajit Ghosh

Mr. Soumyajit Ghosh serves as an 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.

Chintamani Bhagat

Mr. Chintamani Bhagat is 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.

Surinder Kohli

Mr. Surinder Singh Kohli is 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 is 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.

Basic Compensation

Name Fiscal Year Total

Vinod Rai

3,350,000

Sunil Kakar

17,153,000

Rinkoo Somani

--

Amol Ranade

--

Soumyajit Ghosh

--

Chintamani Bhagat

1,582,140

Surinder Kohli

2,050,000

Marianne Okland

2,000,000
As Of  30 Mar 2018