Edition:
India

Housing Development and Infrastructure Ltd (HDIL.NS)

HDIL.NS on National Stock Exchange of India

5.05INR
25 Nov 2020
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Summary

Name Age Since Current Position

Rakesh Wadhawan

64 2008 Executive Chairman of the Board

Sarang Wadhawan

43 2011 Vice Chairman of the Board, Managing Director

Raj Aggarwal

63 2008 Non-Executive Independent Director

Sandhya Baliga

66 2014 Non-Executive Independent Director

Hazari Lal

69 2014 Non-Executive Independent Director

Lalit Mehta

75 2006 Non-Executive Independent Director

Biographies

Name Description

Rakesh Wadhawan

Shri. Rakesh Kumar Wadhawan serves as Executive Chairman of the Board of the Company. 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. Mr. Wadhawan 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 a 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.

Raj Aggarwal

Mr. Raj Kumar Aggarwal is Non-Executive Independent Director of Housing Development and Infrastructure Ltd. A practising Chartered Accountant since 1980, he has been the President of C.A. Welfare Association and the Director of SEBI Gilts Limited, a subsidiary of State Bank of India. He has in depth knowledge of finance, taxation, Project planning and other compliance. He has served on the board of BOB Capital Market Limited, a subsidiary of Bank of Baroda, as a trustee with Canara Rebeco Mutual Fund, a joint venture of Rebeco Group N.V. Netherlands and Canara Bank a leading Nationalised Bank of India.

Sandhya Baliga

Smt. Sandhya Baliga serves as Non-Executive Independent Director of the Company. She is a pass out of Indian Revenue Services, 1976 batch and also completed her M.A. and M. Phil. (Public Administration). At present, she is an Insurance Ombudsman (Delhi & Rajasthan). She was a Member and Special Secretary, Central Board of Excise and Customs. She was also a Director General of Inspection and Human Resource Development and also a Chief Commissioner of Central Excise, Mysore. She has also served as Commissioner of Central Excise for various cities and also as Director and Additional Director HUDCO, New Delhi.

Hazari Lal

Shri. Hazari Lal serves as Non-Executive Independent Director of the Company. He has completed M.A. in from University of Delhi and MSc in Development Management from Glasgow Caledonian University, U.K. He is a developmental and educational administrator and project Management advisor/consultant. In a career spanning for more than four decades, he has worked in various Government departments mostly on development sector, which includes transport, urban development, land regulation, low cost housing and sanitation for urban poor. He retired as Joint Secretary, Ministry of Defense and prior to that he worked as a Director, (Housing) Ministry of Urban Development & Poverty Alleviation, Deputy Secretary, Ministry of Food and Consumer Affair and also a Joint Director, Indian Agricultural Research Institute. Post retirement he has worked as an advisor to a prominent educational institution for establishing a University at Maneshar, Gurgaon, Haryana.

Lalit Mehta

Shri. Lalit Mohan Mehta is Non-Executive Independent Director of Housing Development & Infrastructure Ltd. He is a retired Indian Administrative Service officer. His experience in government service spans urban affairs, planning, fiscal issues, public affairs and personnel relations. He retired as the Secretary (Urban Development), Government of India. He holds a B.A. degree from Punjab University and has a post graduate degree in development studies, a course comprising aspects of economics, political science and sociology, from the University of Bath in the United Kingdom.

Basic Compensation

Name Fiscal Year Total

Rakesh Wadhawan

10,000,000

Sarang Wadhawan

5,000,000

Raj Aggarwal

1,725,000

Sandhya Baliga

1,705,000

Hazari Lal

1,625,000

Lalit Mehta

1,765,000
As Of  31 Mar 2019

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