Board of Directors

Mr. Deepak S. Parekh 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 to time. He retired as the Managing Director of HDFC with effect from the close of business hours on December 31, 2009.

Mr. Deepak S. Parekh is the Chairman of the Company. He is a fellow of the Institute of Chartered Accountants (England & Wales). Mr. Parekh is also the Chairman of Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Company. 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 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 is the Managing Director and CEO of the Company. Mr. Kumar has about 22 years of experience in the Financial Services Industry, of which the first 10 years were in Banking and the last about 12 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 is the Vice Chairman & Chief Executive Officer of Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Company. 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 and Chief Executive Officer of HDFC for a period of 5 years w.e.f. November 14, 2010.

Ms. Renu Sud Karnad 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 for a period of 5 years with effect from January 1, 2010.

Mr. Andreas Kleiner is Member of the Board of Management, ERGO International AG, Dusseldorf, Germany. He is a Graduate Civil Engineer from University of Stuttgart, Germany. He is a Chartered Insurer from Chartered Insurance Institute, London and has completed Executive MBA studies on Financial Services Industry (MBA-FSI) from University of St. Gallen (Switzerland), Vlerick Leuven Gent Management School (Belgium) and HEC Montréal (Canada). He has an experience of over 20 years in the insurance industry (in the fields of Fire and Engineering Underwriting) in Senior Executive Management positions such as CEO of Munich Reinsurance Company of Africa Ltd., Johannesburg (2003-2007) and General Manager of Munich Re Singapore Branch, Singapore.

Mr. Jagdish Khattar, 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. Mr. Khattar was recognized by various channels for his contribution to the automobile industry. He was awarded prestigious Founders’ Award 2008 by JD Powers & Associates, fourth CEO of an auto company to be recognized in the last 50 years. An Honours graduate in Arts from St. Stephens college, Delhi University, Mr. 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 – Memories of a Civil Servant Turned Entrepreneur” was released nationwide.

Mr. Bernhard Steinruecke is an independent director of the Company. Mr. Steinruecke 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 has done Special exam in Tax Law in 1982 and Bar exam at the High Court of Hamburg in 1983. Mr. Steinruecke was the former General Manager of Deutsche Bank, Managing Partner and Speaker of the Board of ABC Privatkunden-Bank, Berlin, Member of the Supervisory Board of ABC Lebensversicherungs and a Member of the Advisory Board of SCHUFA GmbH.

Mr. Mark Lammerskitten is Managing Director India and Turkey and Greece for ERGO International AG. He holds a Business Administration degree of Otto Beisheim Graduate School of Management, Germany. Mr. Lammerskitten has over 19 years experience in the Financial Services sector. After 3 years with Deutsche Bank AG, Frankfurt in Corporate and Retail Banking he consulted for Booz Allen & Hamilton Inc. banks, insurance companies and other MNCs worldwide. He has handled various strategic roles in ERGO Insurance Group in Germany for more than 7 years before he moved to HDFC ERGO in 2008 as Head of Corporate Development. He has taken over his current assignment at ERGO International, AG w.e.f. July 01, 2010.

Mr. Mukesh Kumar is an arts graduate from Allahabad University. Mr. Mukesh Kumar has about 33 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. Subject to the approval of IRDA and Shareholders, the Board of Directors appointed Mr. Mukesh Kumar as a Whole-time Director (designated as the ‘Executive Director’) of the Company for a period of 3 years with effect from June 1, 2014. He is responsible for Strategy, Human Resources, Marketing, Underwriting (including actuarial), Claims, Risk & Loss Mitigation Unit, Information Technology, Customer Experience Management and Operations and Administration functions of the Company.

Mr. Mehernosh B. Kapadia 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 is at present Senior Executive Director and Chief Financial Officer of GSK. 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 has also held the position of Company Secretary for many years.

Business Today, a leading business periodical of the India Today Group, rated him as one of the best Chief Financial Officers of India in 2005. He was voted the Best Performing CFO in the Pharma/ Healthcare Sector at the CNBC – TV 18 CFO Awards 2010. In 2011, he received the Best CFO Award in the “Best Transformation Agent – Mid Size Corporate” category at the Business Today – Yes Bank Best CFO Awards ceremony.

He has been appointed as an Independent Director of the Company w.e.f. 17th October 2014.