Board of Directors

Mr. Deepak S. Parekh (DIN: 00009078) is the Chairman of the Company and its holding company - Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Company. He is a fellow of The Institute of Chartered Accountants (England & Wales). He joined HDFC in a senior management position in 1978. He was inducted as a Whole-time Director of HDFC in 1985 and was appointed as its Managing Director (designated as 'Chairman') in 1993 and continued to be appointed as such from time to time. He retired as the Managing Director of HDFC with effect from the close of business hours on December 31, 2009.

Mr. Ritesh Kumar (DIN: 02213019) is the Managing Director and CEO of the Company. Mr. Kumar has about 24 years of experience in the Financial Services Industry, of which the first 10 years were in Banking and the last 14 years in Insurance. He joined HDFC ERGO in the year 2008. Mr. Kumar is a commerce graduate from Shriram College of Commerce, Delhi and holds a MBA degree from Faculty of Management Studies (FMS), Delhi.

Mr. Keki M. Mistry (DIN: 00008886) is the Vice Chairman & Chief Executive Officer of HDFC. He is a fellow of The Institute of Chartered Accountants of India. He has been employed with HDFC since 1981 and was appointed as the Executive Director in 1993. He was appointed as the Deputy Managing Director of HDFC in 1999 and as the Managing Director in 2000. He was re-appointed as the Managing Director, designated as the Vice Chairman & Chief Executive Officer of HDFC w.e.f. January 1, 2010.

Ms. Renu Sud Karnad (DIN: 00008064) is the Managing Director of HDFC. 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. She has been employed with HDFC since 1978 and was appointed as the Executive Director in 2000 and was re-designated as its Joint Managing Director in October 2007 and thereafter appointed as its Managing Director w.e.f. January 1, 2010.

With effect from April 1, 2016, Mr. Andree Moschner (DIN 07570267) is responsible for Financial Products as Member of the Board at ERGO Group AG, Düsseldorf. He has graduated in Economics at University of Duisburg, Germany, and started his career in banking at Deutsche Bank in a Project Leadership Team. In the following he served as a Board Member of Deutsche Bank PBC and Dresdner Bank before joining Allianz Deutschland as Member of the Board. Mr. Moschner was appointed as a Non-Executive Director of the Company w.e.f. July 20, 2016.

Dr. Jagdish Khattar (DIN: 00013496) former officer of Indian Administrative Service (IAS) is an Independent Director of the Company. While in the administrative service he held various positions in the State and Centre. Most of the assignments were as Head of Public Sector Undertakings in Cement, Transport, Tea Board etc. He took voluntary retirement from the service to join Maruti Udyog Ltd. in 1993. He was Managing Director of Maruti Suzuki India Ltd. from 1999 to 2007. Dr. Khattar was recognized by various channels for his contribution to the automobile industry. In 2003, he received Entrepreneur Manager award from E&Y. He was awarded prestigious Founders’ Award 2008 by JD Powers & Associates, only in India and fourth international CEO of an auto company to be recognized in the last 50 years. An Honours graduate in Arts from St. Stephens college, Delhi University. Dr. Khattar also holds a degree in Law. He has been conferred an Honorary Doctorate of Business Administration by the London Metropolitan University, UK. In 2008, he founded Carnation Auto, India’s largest automotive sales and service network. In 2013, his book “Driven – Memoirs of a Civil Servant Turned Entrepreneur” was released nationwide. Dr. Khattar was appointed as an Independent Director of the Company for a period of 5 years w.e.f. July 21, 2014.

Mr. Bernhard Steinruecke (DIN: 01122939) is the Director General of Indo-German Chamber of Commerce. He studied Law and Economics in Vienna, Bonn, Geneva and Heidelberg and has a Law Degree from the University of Heidelberg in 1980 (Honours Degree) and passed his Bar exam at the High Court of Hamburg in 1983.

Mr. Steinruecke was the former Co-CEO of Deutsche Bank India and Co-Owner and Speaker of the Board of ABC Privatkunden-Bank, Berlin. Mr. Steinruecke was appointed as an Independent Director of the Company for a period of 5 years w.e.f. July 21, 2014.

Mr. Arno Frank Fehler (DIN: 07218619) is General Manager and Regional CFO at ERGO Asia Management Pte Ltd. in Singapore. Mr. Fehler is a graduate in Economics from University of Fribourg, Switzerland and is a CFA Charterholder. Mr. Fehler started his career in capital markets and joined ERGO International, AG in 2001 wherein he held various positions in corporate finance and international operations. Mr. Fehler has played a pivotal role in the development and implementation of ERGO’s expansion strategy for South East Asia. He has amongst others been leading the successful acquisition projects for both Vietnam and Singapore and contributed to the integration, steering and management of these operations.

Mr. Mukesh Kumar (DIN: 06864359) is an Arts graduate from Allahabad University. Mr. Mukesh Kumar has about 34 years of work experience in the Insurance Industry, covering functions such as Business Development, Underwriting, Claims, Human Resources, Quality Management and Marketing, including 21 years of experience at the National Insurance Company Limited. Mr. Mukesh Kumar was appointed as a Whole-time Director (designated as the ‘Executive Director’) of the Company for a period of 3 years w.e.f. June 1, 2014. He is primarily responsible for Underwriting & Claims, Strategy and Human Resources functions of the Company.

Mr. Mehernosh B. Kapadia (DIN: 00046612) is appointed as an Independent Director of the Company w.e.f. October 17, 2014. He holds a Master’s degree in Commerce (Honours) and is a Member of The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India.

Most of his corporate career of 34 years has been with GlaxoSmithKline Pharmaceuticals Limited (GSK) where he has worked for over 27 years. He retired as the Senior Executive Director and Chief Financial Officer of GSK w.e.f. December 1, 2014. Over the years, he has been responsible for an extensive range of finance and company secretarial matters. He has also held management responsibility for other functions during his tenure with GSK, including Investor Relations, Legal and Compliance, Corporate Affairs, Corporate Communications, Administration and Information Technology and held the position of Company Secretary for many years.

Mr. Anuj Tyagi (DIN: 07505313) is presently the Member of Executive Management and Chief Distribution Officer of the Company. Mr. Anuj Tyagi is a Science graduate from Delhi University and has a Post Graduate Diploma in Business Management. Mr. Tyagi joined the Company in 2008 as a Head – Corporate Business Group and has about 16 years of work experience in insurance and banking. Mr. Anuj Tyagi was appointed as a Whole-time Director (designated as the ‘Executive Director’) of the Company for a period of 5 years with effect from May 1, 2016. He is responsible for Wholesale and Retail business and Reinsurance functions of the Company.