About HDFC Life

Mr. Keki M Mistry 

Non-Executive Director, Chairman

Mr. Keki M Mistry has been associated with the Company since December 2000 and is currently acting as Non-Executive Director, Chairman.

Mr. Mistry is a qualified Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India. Mr. Mistry was the Vice Chairman & CEO of Housing Development Finance Corporation Limited (HDFC Ltd.). With the amalgamation of HDFC Ltd. with and into HDFC Bank Limited, Mr. Mistry superannuated from HDFC Ltd. and has been appointed as Non-Executive Director on the Board of HDFC Bank Limited, Promoter of the Company. He is also a Director on the Boards of several other prominent companies.

Mr. Mistry is a member of the Primary Market Advisory committee (PMAC) constituted by the Securities and Exchange Board of India (SEBI). He is also a member of the Expert Committee constituted by SEBI for facilitating ease of doing business and harmonisation of certain SEBI Regulations and is the Chairman of Working Group 1 of the said Expert Committee. Mr. Mistry is also a member of the Standing Committee on Primary Markets, which has been constituted by the International Financial Services Centres Authority [IFSCA].

He is also a Director in HDFC Bank Ltd., HDFC Capital Advisors Ltd., HDFC ERGO General Insurance Company Ltd., Tata Consultancy Services Ltd., The Great Eastern Shipping Company Ltd., KATB Consultant Pvt. Ltd. and Flipkart Private Ltd., Singapore.

Mr. Mistry does not hold full-time position in any other company or body corporate.

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.

He is also a Director in HDFC Capital Advisors Ltd., HDFC Securities IFSC Ltd. and Executive Director in HDFC Bank Ltd.

Apart from HDFC Bank Ltd., Mr. Bharucha does not hold full-time position in any other company or body corporate.

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.

He is also a Director in HDFC Pension Fund Management Ltd., JM Financial Ltd., J B Chemicals and Pharmaceuticals Ltd., Peerless Hospitex Hospital and Research Center Ltd., The Peerless General Finance & Investment Co. Ltd., National Highways Infra Investment Managers Pvt. Ltd., Foundation to Educate Girls Globally, Vidhi Centre For Legal Policy, Jal Seva Charitable Foundation, Madhya Pradesh Jal Nigam Maryadit and Forum For Health Systems Design and Transformation.

Mr. Bose does not hold full-time position in any other company or body corporate.

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

He is also a Director in Torrent Power Ltd., Zensar Technologies Ltd., Siemens Energy India Ltd., Eternis Fine Chemicals Ltd., Jamish Investment Pvt. Ltd. and IMC Chamber of Commerce and Industry and Managing Director in Katalyst Advisors Pvt. Ltd.

Apart from Katalyst Advisors Pvt. Ltd., Mr. Dalal does not hold full-time position in any other company or body corporate.

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.

She is also a Director in Tata Steel Ltd. and SRF Ltd.

Ms. Ramola does not hold full-time position in any other company or body corporate.

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.

He is Chief Strategy and Innovation Officer in Accenture.

Apart from Accenture, Dr Ghosh does not hold directorship or full-time position in any other company or body corporate.

Mr. Venkatraman Srinivasan

Independent Director

Mr. Venkatraman Srinivasan is an Independent Director of our Company. He has been on our Board since April 18, 2024. Mr. Venkatraman is a practicing Chartered Accountant, holds a Bachelor’s Degree in Commerce and is a Fellow of the Institute of Chartered Accountants of India. He has over 40 years’ experience in auditing of accounts of large public limited companies, nationalized banks, insurance companies and indirect tax & corporate advisory planning.

He is also a Director in Amal Ltd., Amal Specialty Chemicals Ltd., Eimco Elecon (India) Ltd., Fairchem Organics Ltd., UTI Trustee Company Pvt. Ltd. and Shriram Capital Pvt. Ltd.

Mr. Venkatraman does not hold full-time position in any other company or body corporate.

Mr. Subodh Kumar Jaiswal

Independent Director

Mr. Subodh Kumar Jaiswal is an Independent Director of our Company. He has been on our Board since May 30 2024.

Mr. Jaiswal is a retired Indian Police Service (IPS) officer borne on the strength of Maharashtra cadre. He began his journey in the Indian Police in 1985. In a career spanning 38 years, he had held critical appointments in organisations of the Government of India and Maharashtra State. These included leadership appointments as Commissioner of Police, Mumbai; Director General of Police, Maharashtra State; Director General, Central Industrial Security Force (CISF); and Director, Central Bureau of Investigation (CBI). In his appointment as Director of CBI, he was also the head of the National Central Bureau – INTERPOL India. Mr. Jaiswal completed his Bachelor of Arts (BA) with Honors in English Literature at DAV College, Chandigarh, and earned his Master of Business Administration (MBA) in Marketing from University Business School, Chandigarh.

He is also a Director in Siemens Energy India Ltd., Assets Care & Reconstruction Enterprise Ltd. and Dreamcap Management Pvt. Ltd.

Mr. Jaiswal does not hold full-time position in any other company or body corporate.

Ms. Vibha Padalkar

MD & CEO, HDFC Life

Vibha Padalkar is the Managing Director & Chief Executive Officer of HDFC Life and under her leadership, the company has consistently delivered strong, sustained performance across business cycles. Vibha joined HDFC Life in 2008, and before being appointed as the MD & CEO in 2018, she served as Executive Director & Chief Financial Officer, playing a key role in the successful listing of the Company in 2017. She is also a member of the Executive Committee of the Life Insurance Council. Since taking over as the MD & CEO in 2018, the Company’s overall market share (individual Weighted Received Premium) increased from 7.5% in FY2018 to 11.1% in FY2025, with Assets Under Management scaling the Rs. 3 trillion mark in June 2024. She also successfully led the first M&A in the Indian life insurance sector. 
 
Vibha became 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.
 
Throughout her career, Vibha has received numerous accolades, including the ‘CA Business Leader - Large Corporates - BFSI’ award at the 15th ICAI Awards by the Institute of Chartered Accountants of India. She has also been honoured by the ET Prime Women Leadership Awards and IMA India. Vibha has featured in Business Today’s list of the ‘Top 30 Most Powerful Women in Business’ for six consecutive years (2018 to 2023) and became a part of their elite list of ‘Timeless Icons’ in 2024. In 2021, Fortune International featured Vibha as one of the ‘Most Powerful Women in Business.’ She has featured in Fortune India’s ‘Most Powerful Women in Business’ list, for five consecutive years (2021 to 2025). Vibha has also been recognised by Business World as one of the ‘Most Valuable CEOs’ in 2022 and 2023 and featured in their ‘Most Influential Women in Business’ list for 2022. In 2024, India Today included her in their prestigious ‘The She List.’

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.

He is also a Director in HDFC Pension Fund Management Ltd.

Apart from HDFC Life, Niraj does not hold full-time position in any other company or body corporate.

Mr. Vineet Arora

Executive Director & Chief Business Officer

Vineet has been associated with the HDFC Life since November 2022. He brings over 29 years of rich & diverse experience across industries like FMCG, consumer durables, banking, wealth management, life & general insurance where he was instrumental in scaling up and leading the businesses. Prior to joining HDFC Life, Vineet was associated with Paytm Payment Bank, Paytm General Insurance, Aegon Life Insurance, ICICI Securities, ICICI Prudential, Godrej and Marico.

He holds a Post Graduate Degree in Finance & Marketing from Xavier Institute of Management, Bhubaneswar and a Bachelor’s Degree in Mechanical Engineering from Delhi college of Engineering.

Vineet is also a Director in HDFC Pension Fund Management Ltd.

Ms. Vibha Padalkar

MD & CEO, HDFC Life

Vibha Padalkar is the Managing Director & Chief Executive Officer of HDFC Life and under her leadership, the company has consistently delivered strong, sustained performance across business cycles. Vibha joined HDFC Life in 2008, and before being appointed as the MD & CEO in 2018, she served as Executive Director & Chief Financial Officer, playing a key role in the successful listing of the Company in 2017. She is also a member of the Executive Committee of the Life Insurance Council. Since taking over as the MD & CEO in 2018, the Company’s overall market share (individual Weighted Received Premium) increased from 7.5% in FY2018 to 11.1% in FY2025, with Assets Under Management scaling the Rs. 3 trillion mark in June 2024. She also successfully led the first M&A in the Indian life insurance sector. 
 
Vibha became 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.
 
Throughout her career, Vibha has received numerous accolades, including the ‘CA Business Leader - Large Corporates - BFSI’ award at the 15th ICAI Awards by the Institute of Chartered Accountants of India. She has also been honoured by the ET Prime Women Leadership Awards and IMA India. Vibha has featured in Business Today’s list of the ‘Top 30 Most Powerful Women in Business’ for six consecutive years (2018 to 2023) and became a part of their elite list of ‘Timeless Icons’ in 2024. In 2021, Fortune International featured Vibha as one of the ‘Most Powerful Women in Business.’ She has featured in Fortune India’s ‘Most Powerful Women in Business’ list, for five consecutive years (2021 to 2025). Vibha has also been recognised by Business World as one of the ‘Most Valuable CEOs’ in 2022 and 2023 and featured in their ‘Most Influential Women in Business’ list for 2022. In 2024, India Today included her in their prestigious ‘The She List.’

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. Vineet Arora

Executive Director & Chief Business officer

Vineet has been associated with the HDFC Life since November 2022. He brings over 29 years of rich & diverse experience across industries like FMCG, consumer durables, banking, wealth management, life & general insurance where he was instrumental in scaling up and leading the businesses. Prior to joining HDFC Life, Vineet was associated with Paytm Payment Bank, Paytm General Insurance, Aegon Life Insurance, ICICI Securities, ICICI Prudential, Godrej and Marico.

He holds a Post Graduate Degree in Finance & Marketing from Xavier Institute of Management, Bhubaneswar and a Bachelor’s Degree in Mechanical Engineering from Delhi college of Engineering.

Vineet is also a Director in HDFC Pension Fund Management Ltd.

Mr. Prasun Gajri

Chief Investment Officer and Chief Strategy Officer

Prasun has been associated with HDFC Life since April 2009 and heads Investment. Prior to joining HDFC Life, he was associated with Citibank N.A. and Tata AIA Life Insurance Company Limited.

He holds a Bachelor’s degree in Engineering from Punjab Engineering College, Chandigarh and a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad. He is also a Chartered Financial Analyst from CFA Institute, USA.

Ms. Eshwari Murugan

Appointed Actuary

Eshwari has been associated with HDFC Life since November 2006 and has been our Appointed Actuary since July 2021. With over three decades of experience in the Life Insurance Industry, she has worked in both public and private sectors. Prior to joining HDFC Life, she was associated with Life Insurance Corporation of India.

Eshwari has vast experience across various domains in Life Insurance, including Actuarial, Underwriting, Claims, and Information Technology. As the Appointed Actuary, she manages Pricing, Product Development, Reinsurance, Regulatory Reporting, Shareholder Value Tracking, and Business Planning. She played a key role in the IPO of the company, helped build robust systems and processes for regular, consistent disclosures, as well as in evaluating various M&A opportunities.

Eshwari is a Qualified Actuary (Fellow of Institute of Actuaries of India) and a Fellow of Insurance Institute of India. Her expertise in various functions, along with her vast experience, has made her an invaluable asset to HDFC Life.

Mr. Narendra Gangan

General Counsel, Chief Compliance Officer & Company Secretary

Narendra is associated with HDFC Life since July, 2017 and heads Legal, Compliance and Secretarial functions. He carries more than 30 years of experience in the financial services industry. He brings across the expertise of leading teams within the BFSI domain including Banking, Non-Banking, Investment Banking, Equities, Alternate Asset Management etc., in the areas of Legal, Compliance, Governance and controls, as well as, working closely with Regulators.

Prior to joining HDFC Life he was associated with IDFC Ltd as Senior Director – Compliance. His prior assignments include DSP Merrill Lynch, IL&FS, Baskin Robbins and 20th Century Finance Corporation Limited. He is a qualified Company Secretary and Law Graduate with a Master’s Degree in Financial Management from NMIMS. 

Mr. Vibhash Naik

Chief Human Resource Officer

Vibhash Naik is a seasoned HR professional with 27+ years of experience, in driving business growth through people excellence. He has worked across Banking, Financial Services, Technology and the Insurance Industry and currently serves as an Executive Committee Member and a Chief Human Resource Officer at HDFC Life Insurance company. 

With expertise in strategic HR, leadership development, talent/performance management, and organizational transformation, Vibhash is passionate about unlocking human potential and driving business success. He has been responsible for designing and evaluating various modern, productive and inclusive HR interventions and crafting people strategies that meet the business goals. Prior to joining HDFC Life, Vibhash worked with Lehman Brothers, Religare Macquarie Wealth Management and Atos Origin. He holds a Master’s degree in Labour Studies from University of Mumbai.

Mr. Sameer Yogishwar

Chief Operating Officer

Sameer Yogishwar, the Chief Operating Officer of HDFC Life, has been associated with the Company since its inception as one of its earliest employees and has played multiple roles within the organization. He currently heads Operations, Data, Technology, Strategic Alliances and PR & Media Relations.

He started his career at HDFC Limited as a Management Trainee and then moved to HDFC Life in 2000 as part of the initial project team, with his first job assignment in the Operations function. At HDFC Life, he has essayed various roles from being a business/ geography head across various distribution channels, like Agency, Bancassurance etc. to being the CEO and subsequently Board Member of our international subsidiary, HDFC International Life & Re.

Mr. Khushru Sidhwa

Chief Risk Officer

Khushru has been associated with HDFC Life since July 2010. Khushru carries more than 28 years of experience in Audit (Statutory & Internal Audit), Risk Management, Financial Due Diligence, Compliance & Consulting across various industries. He brings across expertise of leading teams primarily within the BFSI domain in all areas of governance and controls.

Prior to joining HDFC Life, Khushru was associated with Fullerton India Credit Company as Director–Audit & Risk Control Review. His past experience includes stints at Deloitte and Ernst & Young.

He is a Chartered Accountant by qualification.