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

HDIL.NS on National Stock Exchange of India

81.45INR
21 Nov 2014
Price Change (% chg)

Rs-0.90 (-1.09%)
Prev Close
Rs82.35
Open
Rs81.50
Day's High
Rs84.10
Day's Low
Rs81.10
Volume
8,879,376
Avg. Vol
13,657,989
52-wk High
Rs113.80
52-wk Low
Rs38.70

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Summary

Name Age Since Current Position

Rakesh Wadhawan

2008 Executive Chairman of the Board

Sarang Wadhawan

38 2011 Vice Chairman of the Board, Managing Director

Darshan Majmudar

2014 Chief Financial Officer, Compliance Officer, Vice President - Legal, Company Secretary

K. Devassy

2014 Group Chief Financial Officer

Ashok Gupta

64 2007 Non-Executive and Non-Independent Director

Waryam Singh

62 2006 Non Executive Non Independent Director

Raj Aggarwal

57 2008 Independent Non-Executive Director

Shyam Dawra

70 2006 Independent Non-Executive Director

Lalit Mehta

70 2006 Independent Non-Executive Director

Biographies

Name Description

Rakesh Wadhawan

Shri. Rakesh Kumar Wadhawan is 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 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

K. Devassy

Shri. K. P. Devassy is Group Chief Financial Officer of Housing Development & Infrastructure Ltd. He has over 26 years of experience in the fields of accountancy, audit, payroll and salary administration, income tax, company affairs, labour law and general administration. He joined the Wadhawan Group in August 1981 and the Company in April 2005. Prior to joining the Company, he has worked with different entities belonging to the Wadhawan Group. Mr. Devassy has Bachelor of Commerce degree from the University of Nagpur.

Ashok Gupta

Mr. Ashok Kumar Gupta is Non-Executive and Non-Independent Director of Housing Development & Infrastructure Ltd. 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.

Waryam Singh

Shri. Waryam Singh is Non Executive Non Independent Director of Housing Development & Infrastructure Ltd. He is Former Chairman Punjab and Maharashtra Cooperative Bank Limited. His Other Directorships are: Dewan Housing Finance Corporation Limited. DHFL Property Services Limited, Prithvi Realtors & Hotels Private Limited., Heritage Housing Development India Private Limited, Punjab and Maharashtra Co-operative Bank Limited, Privilege Power And Infrastructure Private Limited, Guruashish Construction Private Limited. He has 24 years of experience in banking, finance, civil construction and land development. He was the chairman of Punjab and Maharashtra Cooperative Bank Limited from 1999 to 2005 and was instrumental in achieving the “Scheduled Status” for the bank. Mr. Singh is a commerce graduate from the Mumbai University.

Raj Aggarwal

Mr. Raj Kumar Aggarwal is Independent Non-Executive 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.

Shyam Dawra

Shri. Shyam Sunder Dawra is Independent Non-Executive Director of Housing Development & Infrastructure Ltd. He Retired IAS Officer Former Secretary, Department of Personnel and Training, Government of India. His other Directorships are: Food Corporation of India, GTL Infrastructure Limited. He is a retired Indian Administrative Service officer and has served the Government of India and the Government of Punjab in various capacities. He retired as the Secretary (Department of Personnel and Training), Government of India. He is presently Chairman of the Punjab Revenue Commission and a Director of the Food Corporation of India. Mr. Dawra has a Masters in English from the Punjab University and a Masters in Business Administration from the University of Leeds, England. His other Directorships are G T L Infrastructure Limited, SPS Steel and Power Limited, Ambience Projects & Infrastructure Limited.

Lalit Mehta

Shri. Lalit Mohan Mehta is Independent Non-Executive 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

--

K. Devassy

--

Ashok Gupta

3,142,030

Waryam Singh

3,082,030

Raj Aggarwal

3,142,030

Shyam Dawra

3,102,030

Lalit Mehta

3,122,030
As Of 31 Mar 2014

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