Edition:
India

People: Housing Development and Infrastructure Ltd (HDIL.NS)

HDIL.NS on National Stock Exchange of India

97.20INR
31 May 2016
Change (% chg)

Rs-1.05 (-1.07%)
Prev Close
Rs98.25
Open
Rs98.70
Day's High
Rs99.20
Day's Low
Rs94.05
Volume
18,567,441
Avg. Vol
15,640,006
52-wk High
Rs111.95
52-wk Low
Rs54.35

Summary

Name Age Since Current Position

Rakesh Wadhawan

2008 Executive Chairman of the Board

Sarang Wadhawan

39 2011 Vice Chairman of the Board, Managing Director

Darshan Majmudar

2014 Chief Financial Officer, Company Secretary

Raj Aggarwal

59 2008 Non-Executive Independent Director

Ashok Gupta

66 2016 Non-Executive Independent Director

Lalit Mehta

71 2006 Non-Executive Independent Director

Biographies

Name Description

Rakesh Wadhawan

Shri. Rakesh Kumar Wadhawan is an Executive Chairman of the Board of Housing Development & Infrastructure Ltd. His other Directorships are Dewan Housing Finance Corporation, Limited., DHFL Insurance Services Limited., DHFL Property Services Limited., Privilege Power and Infrastructure Private Limited., Wadhawan Holdings Private Limited., Wadhawan Food Retail Private Limited., Prithvi Realtors and Hotels Private Limited., Dinshaw Trapinex Builders Private Limited., Privilege Industries Limited., Dewan Realtors Private Limited., Libra Realtors Private Limited., Heritage Housing Development India Private Limited., Privilege Airways Private Limited., Libra Hotels Private Limited., Guruashish Construction Private Limited. He is one of the Promoters and non-executive Chairman. He is also one of the promoters and the founder of the Wadhawan Group. He has over 30 years of experience in the real estate and infrastructure industry. He is a member of various industry bodies and has actively participated in housing related seminars in various countries. He has been a guiding force behind foray into building residential/commercial complexes and infrastructure projects. He is a commerce graduate from Mumbai University.

Sarang Wadhawan

Shri. Sarang Wadhawan is an Vice Chairman of the Board, Managing Director of Housing Development & Infrastructure Ltd., He has been appointed as Vice Chairman of the Board of the company effective August 12, 2011. His Other Directorships are: Dewan Housing Finance Corporation Limited., DHFL Vysya Housing Finance Limited, DHFL Property Services Limited, DHFL Insurance Services Limited, Privilege Power And Infrastructure Private Limited, Dinshaw Trapinex Builders Private Limited, Privilege Industries Limited, Prithvi Realtors and Hotels Private Limited, Privilege Airways Private Limited, Privilege Distilleries Private Limited, Dinshaw Trapinex Limited, Dinshaw Trapinex Commercial Broker (L.L.C) Wadhawan is one of the Promoters and the Managing Director of the Company. He has a MBA from Clarks University, Worcester, U.S.A. and is a commerce graduate from Mumbai University. Mr. Sarang Mr. Wadhawan has exposure to the real estate and housing finance industry and is currently the management of the Company with his plans for growth and expansion. Mr. Sarang Wadhawan is involved in implementation and review of strategic objectives of the Company as envisaged by the management of the Company.

Darshan Majmudar

Shri. Darshan Dhrupadlal Majmudar is an Chief Financial Officer, Company Secretary of the company.

Raj Aggarwal

Mr. Raj Kumar Aggarwal is an Non-Executive Independent Director of Housing Development and Infrastructure Ltd. He is a qualified Bachelor of Commerce, Fellow Member of the Institute of Chartered Accountants of India and Fellow Member of the Institute of Company Secretaries of India and has been practicing as Chartered Accountant since 1980. He is presently on the Board of BOB Capital Market Limited, subsidiary of Bank of Baroda and is also the member of Audit Committee of the Board. He is also Trustee with Canara Robeco Mutual fund, a joint venture of Robeco Groep N. V. Netherland and Canara Bank a Nationalised Bank in India. He is also Chairman of Audit Committee of the Trust. Mr. Raj Kumar Aggarwal has been the president of C.A. Welfare Association and also been the Director of SBI Gilts Limited up to 31.03.2004, a subsidiary of State Bank of India. He is also a Director of BOB Capital Market Limited.

Ashok Gupta

Mr. Ashok Kumar Gupta is Non-Executive Independent Director of Housing Development & Infrastructure Limited. His other Directorships are: Dewan Housing Finance Corporation Limited, DHFL Vysya Housing Finance Limited, DHFL Insurance Services Limited, JST Realty Private Limited., Blue Star Realtors Private Limited, Prithvi Realtors & Hotels Private Limited, Midcity Bhoomi Developers Private Limited. He has 30 years of experience in framing investment schemes, restructuring and other corporate law matters. He is currently serving on the board of directors of various companies and is regarded for his experience in legal and accountancy matters. He is a qualified Chartered Accountant. He also has a LL.B degree from the Government Law College, Mumbai.

Lalit Mehta

Shri. Lalit Mohan Mehta is an Non-Executive Independent Director of Housing Development & Infrastructure Ltd. He is a retired Indian Administrative Service Offi cer. In the past, he has served the Government of India and State Governments in various capacities in mattes concerning urban affairs, planning, fi scal matters, public and personnel relations. He retired as the Secretary (Urban Development), Government of India. An art graduate from Punjab University and has a Master’s Degree in Development Studies including a course comprising aspects of economics, political science and sociology, from University of Bath in the United Kingdom. He holds Directorships at National Standard (India) Limited and Narmada Cement Limited.

Basic Compensation

Name Fiscal Year Total

Rakesh Wadhawan

10,000,000

Sarang Wadhawan

5,000,000

Darshan Majmudar

4,600,000

Raj Aggarwal

3,389,000

Ashok Gupta

3,369,000

Lalit Mehta

3,389,000
As Of  31 Mar 2015

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