Press Release

Chairman
HDFC Ltd.

Mr. Deepak Parekh (76) spearheads India’s premier housing finance company HDFC Ltd., which has turned the dream of owning a home into a reality for millions across the country. Mr. Parekh’s astute business acumen and farsightedness has not only made HDFC the leader in Mortgages, but has also transformed it into India’s leading Financial Services Conglomerate with presence in Banking, Asset Management, Life Insurance, General Insurance, Real Estate Venture Fund, Education Loans and Education. Mr Parekh is the chairman of most of the HDFC Group Companies.

Mr. Parekh is on the board of several leading corporations across diverse sectors. He is the non-executive chairman in India of Siemens Ltd. He is also on the board of National Investment and Infrastructure Fund (NIIF) .

Mr Parekh is on the international boards of DP World – UAE and Fairfax Financial Holdings Corporation - Canada.

He is on the Indian advisory boards of Coca Cola India, and Accenture. He is also on the international advisory boards of Investcorp International Ltd, Nomura Holdings Inc and Warburg Pincus LLC.

Some of the international organizations which Mr. Parekh is associated with in an advisory capacity, include Indo US CEO Forum, City of London - Finance Committee, Indo - German Chamber of Commerce (IGCC), India-UK Financial Partnership (IUKFP), etc.

The Mayor of London in 2017 named Deepak Parekh as first of a network of international ambassadors for championing London across the globe.

In addition to being known for his vociferous views seeking standardization and transparency in the real estate sector, Mr. Parekh played a key role as Special Director on the Satyam Board in 2009 to revive the company and a crucial role during the restructuring of UTI in the late ‘90s, which helped regain investors confidence. Mr. Parekh has always been willing to share his ideas and experience to formulate reform policies across sectors. Mr Parekh has been a member of various high-powered Economic Groups, Advisory Committees and Task Forces which include infrastructure, housing, financial services, capital markets.

A man with a mission, Mr. Parekh’s philosophy on Corporate Social Responsibility is simple yet profound. He believes that if a company earns, it must also return to the society and that companies owe a responsibility not just to shareholders, but also to all its stakeholders.

Government and Industry impressed by Mr. Parekh’s performance and sobriety, have honored him with several awards. Some of the most important ones are; the Padma Bhushan in 2006, ‘Bundesverdienstkreuz’ Germany’s Cross of the Order of Merit one of the highest distinction by the Federal Republic of Germany in 2014, “Knight in the Order of the Legion of Honour” one of the highest distinction by the French Republic in 2010, First international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010.

(DIN: 00008886) is the Vice Chairman & Chief Executive Officer of the Corporation. 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. Mr. Mistry has been the Vice Chairman & Chief Executive Officer of the Corporation with effect from January 1, 2010. He is currently the Chairman of CII National Council on Corporate Governance and a member of Primary Markets Advisory Committee set up by Securities and Exchange Board of India (SEBI). He was also a member on the Committee of Corporate Governance set up by the SEBI. Mr. Mistry is a member of the Corporate Social Responsibility Committee of Directors and Risk Management Committee.

Key Skills and Competencies

Mr. Mistry is a Fellow of The Institute of Chartered Accountants of India. He is an expert in finance, accountancy, audit, economics, consumer behaviour, sales & marketing, corporate governance, risk management and strategic thinking. He has vast experience in housing finance, real estate and infrastructure sector.

Directorship in Other Listed Companies

• Torrent Power Limited and Tata Consultancy Services Limited – Independent Director.
• HDFC Asset Management Company Limited and HDFC Life Insurance Company Limited –Non-Executive Director.

(DIN: 00008064) is the Managing Director of the Corporation. She joined the Corporation in 1978 and was appointed as the Executive Director of the Corporation in 2000, re-designated as the Joint Managing Director of the Corporation in October 2007. Ms. Karnad has been the Managing Director of the Corporation with effect from January 1, 2010. Ms. Karnad is a member of the Corporate Social Responsibility Committee of Directors, Risk Management Committee and IT Strategy Committee. Ms. Karnad is currently the President of the International Union for Housing Finance (IUHF), an association of global housing finance firms.

Key Skills and Competencies

Ms. Karnad holds a Master’s degree in Economics from the University of Delhi and a Bachelor’s degree in law from the University of Mumbai. She is a Parvin Fellow – Woodrow Wilson School of Public and International Affairs, Princeton University, USA. She is an expert in finance, economics, sales & marketing, human resources and risk management. She has vast experience in housing finance, real estate and infrastructure sector.

Directorship in Other Listed Companies

• GlaxoSmithKline Pharmaceuticals Limited – Non-Executive Chairperson.
• ABB India Limited - Independent Director.
• HDFC Asset Management Company Limited, HDFC Life Insurance Company Limited and HDFC Bank Limited – Non-Executive Director.
• Unitech Limited – Nominee Director (Appointed by Government of India).

is the Executive Director of the Corporation. Mr. Rangan joined the Corporation in 1986 and has served in Delhi Region and was the Senior General Manager – Corporate Planning & Finance function since 2001. He is the Executive Director of the Corporation since January 1, 2010. He is also the Chief Financial Officer of the Corporation and is responsible for mobilisation of funds for the Corporation, investments and asset liability management. Mr. Rangan is also a member of the Stakeholders Relationship Committee of Directors, Corporate Social Responsibility Committee of Directors and the Risk Management Committee..

Key Skills and Competencies

Mr. Rangan holds a Bachelor’s degree in Commerce and is an Associate of The Institute of Chartered Accountants of India. He is an expert in finance, accountancy, audit, economics, corporate governance, legal & regulatory compliance, risk management and strategic thinking. He has vast experience in housing finance and real estate sector.