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Organisation & Management

About hdfc

HDFC is a professionally managed organisation with a board of directors consisting of eminent persons, professionals who represent various fields including finance, taxation, construction and urban policy & development. The board primarily focuses on strategy formulation, policy and control, designed to deliver increasing value to stakeholders.

Board of Directors

Details of the Board of Directors in terms of their directorships/memberships in committees of public companies (excluding HDFC) as on March 31, 2014 are as under:

Name of Director Category* No. of Directorship** No. of Committees***
Member Chairperson
1 Mr. Deepak S. Parekh Non Executive Chairman 7 5 2
2 Mr. B. S. Mehta Independent 13 9 4
3 Mr. D. M. Sukthankar Independent 3 2 1
4 Mr. D. N. Ghosh Independent 4 0 0
5 Dr. S. A. Dave Independent 8 6 2
6 Dr. Ram S. Tarneja Independent 9 6 1
7 Mr. N. M. Munjee Independent 11 8 5
8 Dr. Bimal Jalan Independent 0 0 0
9 Dr. J. J. Irani Independent 3 1 0
10 Mr.V.Srinivasa Rangan Executive Director 12 8 0
11 Ms. Renu Sud Karnad Managing Director 13 5 3
12 Mr. Keki. M. Mistry Vice Chairman & Chief Executive Officer 13 10 4


* All Independent directors have confirmed having met the criteria laid under Clause 49 (I) (A) (iii) of the listing agreements relating to Corporate Governance.


** Directorships do not include alternate directorships, directorships of private limited companies (except private limited companies that are subsidiaries of a public limited company) and of companies incorporated outside India. 


*** In terms of Clause 49 (I) (C) (ii) of the Listing Agreements, a director cannot become a member in more than 10 committees or act as Chairman of more than 5 committees across all public companies in which he is a director. For this purpose, only Audit Committee and Investors' Grievance Committee are required to be considered.


Excluding the directorships mentioned above, Mr. Deepak S. Parekh and Mr. B. S. Mehta are alternate directors in 2 and 1 companies, respectively.


Mr. Keshub Mahindra and Mr. Shirish B Patel resigned as directors of the Corporation, with effect from the close of business hours on October 21, 2013.

HDFC has a staff strength of 1,833 (as on 31st March, 2013), which includes professionals from the fields of finance, law, accountancy, engineering and marketing. Click here for details of Senior Management