Board of Directors

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

 
Sr. No. Name of Director Category
1 Mr. Deepak S. Parekh
Mr. Deepak S. Parekh

Mr. Deepak S. Parekh,

Chairman of the Corporation is a Fellow of the Institute of Chartered Accountants (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, as the Managing Director (designated as 'Chairman') of the Corporation in 1993. He retired as the Managing Director (designated as 'Chairman') of the Corporation with effect from the close of business hours on December 31, 2009. The shareholders of the Corporation at the 33rd Annual General Meeting held on Wednesday, July 14, 2010, appointed Mr. Deepak S. Parekh as a Director liable to retire by rotation and he continues to be the Chairman of the Corporation.

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Chairman
2 Mr. B. S. Mehta
Mr. B. S. Mehta

Mr. B. S. Mehta

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. He is also the Chairman of the Nomination & Remuneration Committee of Directors and a member of the Audit Committee of Directors.

Independent Director
3 Mr. D. M. Sukthankar
Mr. D. M. Sukthankar

Mr. D. M. Sukthankar

was an officer of the Indian Administrative Services and was Secretary, Ministry of Urban Development, Government of India and later Chief Secretary to the Government of Maharashtra. Mr. Sukthankar is recognised as an expert on issues relating to urban development and management and has been associated with the housing sector for a number of years. He has been a director of the Corporation since 1989. He is also a member of the Stakeholders Relationship Committee of Directors.

Non-Executive Director
4 Mr. D. N. Ghosh
Mr. D. N. Ghosh

Mr. D. N. Ghosh

holds a Master’s degree in economics. He was the former chairman of the State Bank of India He has been a director of the Corporation since 1989. He is also a member of the Audit Committee of Directors and Corporate Social Responsibility Committee of Directors.

Independent Director
5 Dr. S. A. Dave
Dr. S. A. Dave

Dr. S. A. Dave

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 also the Chairman of the Audit Committee of Directors, Stakeholders Relationship Committee of Directors and a member of Risk Management Committee. He is the nominee of the Corporation on the board of HDFC Standard Life Insurance Company Limited.

Independent Director
6 Mr. N. M. Munjee
Mr. N. M. Munjee

Mr. N. M. Munjee

holds a Master’s degree in economics from the London School of Economics, UK. He is a director on the boards of several prominent companies in India. He was earlier the executive director of the Corporation and had been working with the Corporation from 1978 to 1998. He has been a director of the Corporation since 1993. He is also a member of Nomination and Remuneration Committee of Directors. He is deeply interested in development and infrastructure issues.

Independent Director
7 Dr. Bimal Jalan
Dr. Bimal Jalan

Dr. Bimal Jalan

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 also a nominated Member of Parliament from 2003 to 2009. He was associated with a number of public institutions and was the Chairman of Centre for Development Studies, Thiruvananthapuram He has been appointed as a director of the Corporation from 2008.

Independent Director
8 Dr. J.  J. Irani
Dr. J. J. Irani

Dr. J.  J. Irani

holds a Doctorate from University of Sheffield, U.K. He also holds a Master’s degree in science from Nagpur University and M. Met from University of Sheffield, U.K. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in India. Queen Elizabeth II conferred on him honorary Knighthood (KBE) for his contribution to Indo-British Trade & Co-operation. He has been a Director of the Corporation since 2008. He is also a member of the Nomination & Remuneration Committee of Directors.

Independent Director
9 Mr.   V.  Srinivasa Rangan
Mr.V.Srinivasa  Rangan

Mr.  V. Srinivasa Rangan

is the Executive Director of the Corporation. He holds a Bachelor's degree in Commerce and is an associate of the Institute of Chartered Accountants of India and that of 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 was appointed as the Executive Director of the Corporation with effect from January 1, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation. Mr. Rangan is also a member of the Stakeholders Relationship Committee of Directors and Risk Management Committee.

Executive Director
10 Ms. Renu Sud Karnad
Ms. Renu Sud Karnad

Ms. Renu Sud Karnad

is the Managing Director of the Corporation. She holds a Master's degree in economics from the University of Delhi and is a graduate in law from the University of Mumbai. She is a Parvin Fellow - Woodrow Wilson School of International Affairs, Princeton University, U.S.A. Mr. 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 was appointed as the Managing Director of the Corporation with effect from January 1, 2010. Ms. Karnad is also a member of the Risk Management Committee.

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Managing Director
11 Mr. Keki. M. Mistry
Mr. Keki. M. Mistry

Mr. Keki. M. Mistry

is the Vice Chairman & Chief Executive Officer of the Corporation. 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 & Managing Director of the Corporation in October 2007 and as the Vice-Chairman & Chief Executive Officer of the Corporation with effect from January 1, 2010. Mr. Mistry is also a member of the Risk Management Committee.

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Vice Chairman & Chief Executive Officer

Mr. D.M. Sukthankar is a non-executive director in terms of the criteria laid under Section 149 of the Companies Act, 2013 and Rules made there under.

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