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About HDFC Life

Recognized by the industry

  • Board of Directors
  • Management Team
  • Key Persons

Board of Directors

Mr. Deepak S Parekh

Non-Executive Chairman

Mr. Deepak Parekh is a Nominee Director and the Chairman of our Company. He has been on our Board since August 2000. He is also the chairman of our Promoter i.e., HDFC. Mr. Parekh is an associate of the Institute of Chartered Accountants of England and Wales. He is a on the board of several leading corporations across diverse sectors. He is the non-executive chairman of Siemens Limited, GlaxoSmithkline Pharmaceuticals Limited and BAE Systems India (Services) Private Limited. He is also on the boards of Indian Hotels Company Limited and Bangalore International Airport Limited (BIAL). Mr. Parekh has won several awards, which includes Padma Bhushan conferred by Government of India in 2006, ‘Bundesverdienstkreuz’, which is Germany’s Cross of the Order of Merit, being 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 and he was also the first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010.

Mr. Keki M Mistry

Non-Executive Director

Mr. Keki Mistry is a Nominee Director of our Company. He has been on our Board since December 20, 2000. He is also the vice chairman and chief executive officer of our Promoter i.e., HDFC. He is a Fellow of the Institute of Chartered Accountants of India. Mr. Mistry joined HDFC in 1981. He was appointed as the executive director of HDFC 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 HDFC in October 2007 and as the vice chairman and chief executive officer, with effect from January 1, 2010.Some of Mr. Mistry's recent recognitions include, being awarded “Best Independent Director Award 2014” by Asian Centre for Corporate Governance & Sustainability, the Best CEO Financial Services (Large Companies) 2014 by Business Today magazine, honored with the “CA Business Achiever of the year” award in the Financial Sector by the Institute of Chartered Accountants of India (ICAI) in 2011, CNBC TV18's - CFO of the Year for 2008. Mr. Mistry is the chairman of the of CII National Council on Corporate Governance and a member of the Committee on Corporate Governance set up by the Securities and Exchange Board of India.

Mr. Kaizad Bharucha

Non-Executive Director, Nominee of HDFC Bank Limited

Mr. Kaizad Bharucha is as a Non-Executive Director (Nominee of HDFC Bank Ltd.) of our Company. He has been on our Board since November 28, 2023. He is the Deputy Managing Director of the HDFC Bank Ltd. He is a career banker with more than 35 years of experience. He has been associated with HDFC Bank since 1995 and is currently responsible for Wholesale Banking covering areas of Corporate Banking, PSUs, Capital & Commodities Markets, Financial Institutions, Custody, Mutual Funds, CSR & ESG, Global Capability Centre & Financial Sponsors coverage and Banks coverage. Prior to joining HDFC Bank Ltd., he worked in SBI Commercial and International Bank in various areas including Trade Finance and Corporate Banking Ltd. He has rich and extensive experience in Risk Management, Credit Management, Banking and Business Management, and has represented HDFC Bank Ltd. as a member of the working group on banking related committees. Mr Bharucha holds a Bachelor's degree in Commerce (B. Com) from the University of Mumbai.

Mr. Prasad Chandran

Independent Director

Mr. Prasad Chandran is an Independent Director of our Company. He has been on our Board since April 24 2014. Mr. Chandran holds a bachelor’s degree (honors) in chemistry from the University of Mumbai and a master’s degree in business administration from University Business School, Chandigarh. He has also completed the advanced business management education from Wharton Business School, University of Pennsylvania, USA and AOTS, Tokyo University, Japan. He was designated as the chairman and managing director of BASF India Limited to pursue his interest in nation building. He was also the chairman of CIBA India Limited, Cynamide India Limited, Pushpa Polymers before they integrated into BASF India Limited. He is also a member of the Prime Minister’s Special Task Force on the National Chemical Policy.

Mr. Vish Viswanathan

Independent Director

Mr. Vegulaparanan Kasi Viswanathan is an Independent Director of our Company. He has been on our Board since April 24, 2014. Mr. Viswanathan holds a bachelor’s degree in commerce from University of Madras and is a member of Institute of Chartered Accountants of India. Currently, he is the chairman of Bosch Limited. He joined the Bosch Group in Germany in September 1998 and worked in its global headquarters in Stuttgart, Germany for two years. He took over as joint managing director of Bosch Limited, India in January 2001 with responsibility for all commercial, finance, information technology, human resource and legal matters besides corporate strategy. He was seconded to USA as the senior vice president for its North American automotive electronics and electrical business in 2006. He was designated as the managing director of Bosch Limited and country head and president of Bosch Group in India from February 2008. He became the chairman of Bosch Limited in July 2013.

Mr. Sumit Bose

Independent Director

Mr. Sumit Bose is an Independent Director of our Company. He has been on our Board sinceJuly 19, 2016. He holds a degree of master of science in Social Policy and Planning in developing countries from the London School of Economics and Political Science, University of London, UK. He also holds a masters’ degree in Arts (History) from University of Delhi. He was a member of Expenditure Management Commission set up to review the allocative and operational efficiencies of Government expenditure to achieve maximum output. He was also the Union Finance Secretary and Revenue Secretary in the Ministry of Finance, Government of India.

Mr Ketan Dalal

Independent Director

Mr. Ketan Dalal is an Independent Director of our Company. He has been on our Board since July 17, 2017. He is a fellow member of the Institute of Chartered Accountants of India, having qualified in 1981. In 1997, he (along with 3 other professionals) founded RSM, an Indian Tax practice, which merged into PwC in April 2007. He has recently founded a boutique structuring and tax firm, Katalyst Advisors LLP. He was a member of the ‘Working Group on Non-resident taxation’ formed by Ministry of Finance in 2003. He is a member of the Managing Committee and the Chairman of the Direct tax Committee of IMC. He has been a member of several SEBI Committees including SEBI’s High Powered Advisory Committee on consent orders and compounding and Group of experts to advise SEBI on matters relating to Financial Sector Legislative Reforms Commission

Ms. Bharti Gupta Ramola

Independent Director

Ms. Bharti Gupta Ramola is an Independent Director of our Company. She has been appointed on our Board on February 12, 2019. She is PG Diploma in Management from the IIM, Ahmedabad and B.Sc Physics (Hons) from St Stephen's College, University of Delhi. She was a partner at PwC during 1984-2017. She currently, inter-alia, serves on the Governing Body of Lady Shriram College, Advisory Council of Transform Rural India (a Tata Trust initiative), Advisory Committee of Centre of Excellence for Research on Clean Air (CERCA) at IIT Delhi.

Dr. Bhaskar Ghosh

Independent Director

Dr. Bhaskar Ghosh is an Independent Director of our Company. He has been on our Board since April 26 2023. Dr. Ghosh holds a Bachelor’s degree in Science and a Master’s degree in Business Administration from Calcutta University. He is also a Doctor of Philosophy in Business Administration from Utkal University. He is an expert in information technology, data analytics, digital platform, cyber security, consumer behaviour, sales & marketing, risk management and strategic thinking. He has vast experience in information technology sector. He is the Chief Strategy Officer of Accenture and is responsible for Accenture’s strategy and investments, including ventures and acquisitions and Accenture research. Dr. Ghosh has been awarded six patents in the area of software engineering and platform development.

Ms. Vibha Padalkar

MD & CEO, HDFC Life 

Vibha Padalkar is the Managing Director & CEO of HDFC Life. Under her stewardship, the Company doubled its performance on all key metrics over the past four years, ending with an AUM of Rs 2.4 Tn. as on March 31, 2023. In FY23, she also spearheaded the first M&A in the Indian life insurance industry. Vibha joined the Company in 2008 and prior to assuming charge as the MD & CEO in 2018, Vibha was the ED & CFO and instrumental in the successful listing of HDFC Life in 2017. She is also a member of the Executive Committee (EC) of the Life Insurance Council.

Vibha qualified as a member of the Institute of Chartered Accountants of England and Wales in 1992 and is also a member of the Institute of Chartered Accountants of India.

Over the years, Vibha has been the recipient of various awards which includes the 'CA Business Leader - For Large Corporates - BFSI' at the 15th ICAI Awards by The Institute of Chartered Accountants of India. She has also been felicitated with awards by ET Prime Women Leadership Awards and IMA India. She featured in the ‘Top 30 Most Powerful Women in Business’ list by Business Today for six consecutive years (2018 to 2023). In 2021, Fortune International recognised Vibha as one of the 'Most Powerful Women in Business'. Vibha has been featured in Fortune India's list of 'Most Powerful Women' for 2021, 2022 and 2023. She also has been featured in the ‘Most Valuable CEOs’ list by Business World for 2022 & 2023 and in their list of 'Most Influential Women in Business' for 2022.

Mr Suresh Badami

Deputy Managing Director

Suresh has been associated with HDFC Life since October 2013. Prior to joining HDFC Life, he was associated with Dunlop India Limited, ICI India Limited, Cogensis Networks Private Limited, Max Ateev Limited and ICICI Bank Limited. Suresh has 29 years of experience in sales & business across varied industries, including 20+ years in banking & financial services.

He holds a Bachelor’s degree in Science from Bangalore University and a Post Graduate Diploma in Management from Xavier Institute of Management, Bhubaneswar.

Mr. Niraj Shah

Executive Director & Chief Financial Officer

Niraj has been associated with HDFC Life since February 2019 and oversees Finance, Product development and Process excellence. He has over two decades of experience in financial services, primarily in life insurance, corporate finance advisory and audit. Prior to joining HDFC Life, Niraj was associated with PNB MetLife, ICICI Prudential Life, EY and BNP Paribas.

He holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore and is a member of the Institute of Chartered Accountants of India.

  • Mr. Deepak S Parekh

    Non-Executive Chairman

    Mr. Deepak Parekh is a Nominee Director and the Chairman of our Company. He has been on our Board since August 2000. He is also the chairman of our Promoter i.e., HDFC. Mr. Parekh is an associate of the Institute of Chartered Accountants of England and Wales. He is a on the board of several leading corporations across diverse sectors. He is the non-executive chairman of Siemens Limited, GlaxoSmithkline Pharmaceuticals Limited and BAE Systems India (Services) Private Limited. He is also on the boards of Indian Hotels Company Limited and Bangalore International Airport Limited (BIAL). Mr. Parekh has won several awards, which includes Padma Bhushan conferred by Government of India in 2006, ‘Bundesverdienstkreuz’, which is Germany’s Cross of the Order of Merit, being 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 and he was also the first international recipient of the Outstanding Achievement Award by Institute of Chartered Accountants in England and Wales, in 2010.

  • Mr. Keki M Mistry

    Non-Executive Director

    Mr. Keki Mistry is a Nominee Director of our Company. He has been on our Board since December 20, 2000. He is also the vice chairman and chief executive officer of our Promoter i.e., HDFC. He is a Fellow of the Institute of Chartered Accountants of India. Mr. Mistry joined HDFC in 1981. He was appointed as the executive director of HDFC 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 HDFC in October 2007 and as the vice chairman and chief executive officer, with effect from January 1, 2010.Some of Mr. Mistry's recent recognitions include, being awarded “Best Independent Director Award 2014” by Asian Centre for Corporate Governance & Sustainability, the Best CEO Financial Services (Large Companies) 2014 by Business Today magazine, honored with the “CA Business Achiever of the year” award in the Financial Sector by the Institute of Chartered Accountants of India (ICAI) in 2011, CNBC TV18's - CFO of the Year for 2008. Mr. Mistry is the chairman of the of CII National Council on Corporate Governance and a member of the Committee on Corporate Governance set up by the Securities and Exchange Board of India.

  • Mr. Kaizad Bharucha

    Non-Executive Director, Nominee of HDFC Bank Limited

    Mr. Kaizad Bharucha is as a Non-Executive Director (Nominee of HDFC Bank Ltd.) of our Company. He has been on our Board since November 28, 2023. He is the Deputy Managing Director of the HDFC Bank Ltd. He is a career banker with more than 35 years of experience. He has been associated with HDFC Bank since 1995 and is currently responsible for Wholesale Banking covering areas of Corporate Banking, PSUs, Capital & Commodities Markets, Financial Institutions, Custody, Mutual Funds, CSR & ESG, Global Capability Centre & Financial Sponsors coverage and Banks coverage. Prior to joining HDFC Bank Ltd., he worked in SBI Commercial and International Bank in various areas including Trade Finance and Corporate Banking Ltd. He has rich and extensive experience in Risk Management, Credit Management, Banking and Business Management, and has represented HDFC Bank Ltd. as a member of the working group on banking related committees. Mr Bharucha holds a Bachelor's degree in Commerce (B. Com) from the University of Mumbai.

  • Mr. Prasad Chandran

    Independent Director

    Mr. Prasad Chandran is an Independent Director of our Company. He has been on our Board since April 24 2014. Mr. Chandran holds a bachelor’s degree (honors) in chemistry from the University of Mumbai and a master’s degree in business administration from University Business School, Chandigarh. He has also completed the advanced business management education from Wharton Business School, University of Pennsylvania, USA and AOTS, Tokyo University, Japan. He was designated as the chairman and managing director of BASF India Limited to pursue his interest in nation building. He was also the chairman of CIBA India Limited, Cynamide India Limited, Pushpa Polymers before they integrated into BASF India Limited. He is also a member of the Prime Minister’s Special Task Force on the National Chemical Policy.

  • Mr. Vish Viswanathan

    Independent Director

    Mr. Vegulaparanan Kasi Viswanathan is an Independent Director of our Company. He has been on our Board since April 24, 2014. Mr. Viswanathan holds a bachelor’s degree in commerce from University of Madras and is a member of Institute of Chartered Accountants of India. Currently, he is the chairman of Bosch Limited. He joined the Bosch Group in Germany in September 1998 and worked in its global headquarters in Stuttgart, Germany for two years. He took over as joint managing director of Bosch Limited, India in January 2001 with responsibility for all commercial, finance, information technology, human resource and legal matters besides corporate strategy. He was seconded to USA as the senior vice president for its North American automotive electronics and electrical business in 2006. He was designated as the managing director of Bosch Limited and country head and president of Bosch Group in India from February 2008. He became the chairman of Bosch Limited in July 2013.

  • Mr. Sumit Bose

    Independent Director

    Mr. Sumit Bose is an Independent Director of our Company. He has been on our Board sinceJuly 19, 2016. He holds a degree of master of science in Social Policy and Planning in developing countries from the London School of Economics and Political Science, University of London, UK. He also holds a masters’ degree in Arts (History) from University of Delhi. He was a member of Expenditure Management Commission set up to review the allocative and operational efficiencies of Government expenditure to achieve maximum output. He was also the Union Finance Secretary and Revenue Secretary in the Ministry of Finance, Government of India.

  • Mr. Ketan Dalal

    Independent Director

    Mr. Ketan Dalal is an Independent Director of our Company. He has been on our Board since July 17, 2017. He is a fellow member of the Institute of Chartered Accountants of India, having qualified in 1981. In 1997, he (along with 3 other professionals) founded RSM, an Indian Tax practice, which merged into PwC in April 2007. He has recently founded a boutique structuring and tax firm, Katalyst Advisors LLP. He was a member of the ‘Working Group on Non-resident taxation’ formed by Ministry of Finance in 2003. He is a member of the Managing Committee and the Chairman of the Direct tax Committee of IMC. He has been a member of several SEBI Committees including SEBI’s High Powered Advisory Committee on consent orders and compounding and Group of experts to advise SEBI on matters relating to Financial Sector Legislative Reforms Commission

  • Ms. Bharti Gupta Ramola

    Independent Director

    Ms. Bharti Gupta Ramola is an Independent Director of our Company. She has been appointed on our Board on February 12, 2019. She is PG Diploma in Management from the IIM, Ahmedabad and B.Sc Physics (Hons) from St Stephen's College, University of Delhi. She was a partner at PwC during 1984-2017. She currently, inter-alia, serves on the Governing Body of Lady Shriram College, Advisory Council of Transform Rural India (a Tata Trust initiative), Advisory Committee of Centre of Excellence for Research on Clean Air (CERCA) at IIT Delhi.

  • Dr. Bhaskar Ghosh

    Independent Director

    Dr. Bhaskar Ghosh is an Independent Director of our Company. He has been on our Board since April 26 2023. Dr. Ghosh holds a Bachelor’s degree in Science and a Master’s degree in Business Administration from Calcutta University. He is also a Doctor of Philosophy in Business Administration from Utkal University. He is an expert in information technology, data analytics, digital platform, cyber security, consumer behaviour, sales & marketing, risk management and strategic thinking. He has vast experience in information technology sector. He is the Chief Strategy Officer of Accenture and is responsible for Accenture’s strategy and investments, including ventures and acquisitions and Accenture research. Dr. Ghosh has been awarded six patents in the area of software engineering and platform development.

  • Ms. Vibha Padalkar

    MD & CEO, HDFC Life 

    Vibha Padalkar is the Managing Director & CEO of HDFC Life. Under her stewardship, the Company doubled its performance on all key metrics over the past four years, ending with an AUM of Rs 2.4 Tn. as on March 31, 2023. In FY23, she also spearheaded the first M&A in the Indian life insurance industry. Vibha joined the Company in 2008 and prior to assuming charge as the MD & CEO in 2018, Vibha was the ED & CFO and instrumental in the successful listing of HDFC Life in 2017. She is also a member of the Executive Committee (EC) of the Life Insurance Council.

    Vibha qualified as a member of the Institute of Chartered Accountants of England and Wales in 1992 and is also a member of the Institute of Chartered Accountants of India.

    Over the years, Vibha has been the recipient of various awards which includes the 'CA Business Leader - For Large Corporates - BFSI' at the 15th ICAI Awards by The Institute of Chartered Accountants of India. She has also been felicitated with awards by ET Prime Women Leadership Awards and IMA India. She featured in the ‘Top 30 Most Powerful Women in Business’ list by Business Today for six consecutive years (2018 to 2023). In 2021, Fortune International recognised Vibha as one of the 'Most Powerful Women in Business'. Vibha has been featured in Fortune India's list of 'Most Powerful Women' for 2021, 2022 and 2023. She also has been featured in the ‘Most Valuable CEOs’ list by Business World for 2022 & 2023 and in their list of 'Most Influential Women in Business' for 2022.

  • Mr. Suresh Badami

    Deputy Managing Director

    Suresh has been associated with HDFC Life since October 2013. Prior to joining HDFC Life, he was associated with Dunlop India Limited, ICI India Limited, Cogensis Networks Private Limited, Max Ateev Limited and ICICI Bank Limited. Suresh has 29 years of experience in sales & business across varied industries, including 20+ years in banking & financial services.

    He holds a Bachelor’s degree in Science from Bangalore University and a Post Graduate Diploma in Management from Xavier Institute of Management, Bhubaneswar.

  • Mr. Niraj Shah

    Executive Director & Chief Financial Officer

    Niraj has been associated with HDFC Life since February 2019 and oversees Finance, Product development and Process excellence. He has over two decades of experience in financial services, primarily in life insurance, corporate finance advisory and audit. Prior to joining HDFC Life, Niraj was associated with PNB MetLife, ICICI Prudential Life, EY and BNP Paribas.

    He holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore and is a member of the Institute of Chartered Accountants of India.

ARN: EU/07/21/24503