Edition:
India

IDFC First Bank Ltd (IDFB.NS)

IDFB.NS on National Stock Exchange of India

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75,623,483
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Summary

Name Age Since Current Position

Rajiv Lall

61 2018 Part-Time Non-Executive Chairman of the Board

V. Vaidyanathan

51 2018 Chief Executive Officer, Managing Director, Director

Sudhanshu Jain

2020 Chief Financial Officer, Head - Corporate Centre

Adrian Andrade

Head - Human Resources

Amit Kumar

Head – Retail Liabilities

Satish Gaikwad

39 2020 Secretary, IR Contact Officer

Sunil Kakar

62 2019 Non-Executive Non-Independent Director

Sanjay Kumar

2020 Non-Executive Non-Independent Director

Vishal Mahadevia

46 2018 Non-Executive Non-Independent Director

Sanjeeb Chaudhuri

66 2019 Non-Executive Independent Director

Brinda Jagirdar

66 2018 Non-Executive Independent Director

Aashish Kamat

53 2018 Non-Executive Independent Director

Hemang Raja

60 2018 Non-Executive Independent Director

Anand Sinha

68 2019 Non-Executive Independent Director

Pravir Vohra

65 2018 Non-Executive Independent Director

Biographies

Name Description

Rajiv Lall

Dr. Rajiv B. Lall Ph.D. serves as Part-Time Non-Executive Chairman of the Board of the Company. Dr. Rajiv B. Lall is the Non-Executive Part Time Chairman of IDFC FIRST Bank. He was the Founder MD & CEO of IDFC FIRST Bank from October 1, 2015 till December 18, 2018. Previously, he was the Executive Chairman of IDFC Limited. A veteran economist for 30 years, Dr. Lall has been an active part of the finance and policy landscape, both in India and internationally. In his diverse career, he has also held leadership roles in global investment banks and multilateral agencies. His expertise spans project finance, private equity/venture capital, international capital markets, trade, infrastructure and macroeconomic policy issues, with a particular focus on emerging markets including India and China. Dr. Lall has served on numerous committees of the Government of India and the Reserve Bank of India, including the Raghuram Rajan Committee on Financial Sector Reforms, the High Powered Expert Committee for Urban Infrastructure, the High Level Committee on Financing Infrastructure and the Expert Committee on Modernisation of Indian Railways. He has also served as India’s representative to the G-20 Working Group on Infrastructure. Dr. Lall is member of the National Council of the Confederation of Indian Industry (CII), the Asia Business Council and the City of London Advisory Council for India. He was also President of the Bombay Chamber of Commerce & Industry. Outside of business related fora, Dr. Lall serves on the Advisory Board of Columbia University Global Centers, South Asia; is a member of the Founders Circle, Brookings, India. He is also Convenor of the Social Impact Council of India and is Founder Chairman of Lok Foundation.

V. Vaidyanathan

Mr. V. Vaidyanathan is Chief Executive Officer, Managing Director, Director of the Company. Mr. V. Vaidyanathan is the first Managing Director and Chief Executive Officer ('MD & CEO') of IDFC FIRST Bank, a Bank founded by the merger of Capital First and IDFC Bank. He joined ICICI Limited in March 2000, when it was a Domestic Financial Institution (DFI) to set up the retail lending businesses which diversified the company away from infrastructure financing. On merger of ICICI Limited and ICICI bank in 2002, he was appointed the Country Head of Retail Banking. He built the Retail Banking Business for ICICI Limited since its inception, and grew ICICI Bank to 1411 Bank branches in 800 cities, 25 million customers, a vast CASA and retail deposit base, branch, internet and digital banking, built a retail loan book of over ` 1,35,000 crores (>$20 billion) in Mortgages, Auto loans, Commercial Vehicles, Credit Cards, Personal Loans. In addition, he also built the SME business and managed the Rural Banking Business for the bank. These businesses helped the conversion of the institution to a universal bank renowned for retail banking. He was appointed the Executive Director on the Board of ICICI Bank at 38, in 2006 and later became the Managing Director on the Board of ICICI Prudential Life Insurance Company in 2009. He was also the Chairman of ICICI Home Finance Co. Ltd. (2006), and served on the Board of CIBIL - India’s first Credit Bureau (2005), and SMERA - SIDBI’s Credit Rating Agency (2005). He started his career with Citibank India in 1990 and worked there till 2000, where he learnt the ropes in Consumer Banking. As part of his entrepreneurial journey, he left ICICI Group in 2010 and acquired a stake in a small start-up NBFC and executed a Management Buyout of the Company.

Sudhanshu Jain

Adrian Andrade

Amit Kumar

Satish Gaikwad

Mr. Satish Gaikwad serves as Secretary, IR Contact Officer of the Company. He s a qualified Company Secretary with 18 years of rich experience in the area of Legal, Secretarial & Compliance from diverse industries viz. BFSI, service & manufacturing segments and has played leadership role in the said functions. Mr. Satish has expertise in banking, commercial, corporate, industrial & labour laws and dispute resolution. He also has expertise in areas relating to litigation such as handling suits before various judiciary forums including Consumer Forums, High Courts, NCLT, DRT, Supreme Court etc. He has successfully handled major corporate actions like Merger, Takeover, QIP, Preferential Allotment, Strategic Alliances etc. Prior to his appointment as Company Secretary of IDFC Bank, Mr. Satish Gaikwad headed the Legal, Compliance & Secretarial function of Capital First Limited. He has also worked with other reputed corporate groups such as Bombay Dyeing, Hathway, Dharamsi Morarji and also Mahindra & Mahindra in various roles in the areas of legal, compliance & secretarial functions. Mr. Satish has graduated in Commerce and Law from University of Mumbai. He is a fellow member of the Institute of Company Secretaries of India and Associate Member of Institute of Cost Accountants of India.

Sunil Kakar

Mr. Sunil Kakar serves as Non-Executive Non-Independent Director of the Company. Mr. Sunil Kakar is the Managing Director & CEO of IDFC Limited. He started his career at Bank of America where he worked in various roles, covering Business Planning & Financial Control, Branch Administration and Operations Market Risk Management, Project Management and Internal Controls. After Bank of America, Mr. Kakar was the CFO at Max New York Life Insurance since 2001. He led numerous initiatives including Planning, Investments / Treasury, Finance and Accounting, Budgeting and MIS, Regulatory Reporting and Taxation.

Sanjay Kumar

Dr. Sanjay Kumar serves as Non-Executive Non-Independent Director of the Company. Dr. Sanjay Kumar belongs to 2003 batch of Indian Post & Telecom accounts and Finance Service. Dr. Kumar has joined Department of Financial Service as Director on September 21, 2017 Prior to joining this Department, He worked in Department of Telecommunication (DoT) and Department of Post (DoP). In DoT, He dealt with the works related to Spectrum Usage Charges, License Finance and Universal Service Obligation Fund in various capacities. In DoP, as Internal Finance Advisor and Director Accounts, dealt with the works related to Finance advice, Accounts, Budget and Internal audit. Dr. Kumar has been on the Board of Syndicate Bank, as a Government Nominee Director, from April 05, 2018 till March 31, 2020. He was also member of disciplinary committee constituted by the Council of the Institute of Actuaries of India.

Vishal Mahadevia

Mr. Vishal Mahadevia serves as Non-Executive Non-Independent Director of the Company. Mr. Vishal Mahadevia joined Warburg Pincus in 2006 and is a member of the firm’s executive management group. Previously, he was a Principal at Greenbriar Equity Group, a fund focused on private equity investments in the transportation sector. Prior to that, Mr. Mahadevia worked at Three Cities Research, a New York-based private equity fund, and as a consultant with McKinsey & Company. He currently serves as a Managing Director of Warburg Pincus India Private Limited. Mr. Mahadevia is also a Director of IDFC FIRST Bank Limited, Gangavaram Port, Stellar Value Chain, PVR Limited, ICICI Lombard General Insurance and Airtel Africa. He received a B.S. in economics with a concentration in finance and a B.S. in electrical engineering from the University of Pennsylvania.

Sanjeeb Chaudhuri

Mr. Sanjeeb Chaudhuri serves as Non-Executive Independent Director of the Company. Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organisations across Europe, the US and Asia. He has most recently been Regional Business Head for India and South Asia for Retail, Commercial and Private Banking and also Global Head of Brand and Chief Marketing Officer at Standard Chartered Bank. Prior to this, he was CEO for Retail and Commercial Banking for Citigroup, Europe, Middle East and Africa. He has an MBA in Marketing and has completed an Advanced Management Programme. He is a Global Mentor at the Columbia Business School Center for Technology Management.

Brinda Jagirdar

Dr. Brinda Jagirdar serves as Non-Executive Independent Director of the Company. Dr. (Mrs.) Brinda Jagirdar, is an independent consulting economist with specialisation in areas relating to the Indian economy and banking. She is Member, Research Advisory Council, Indian Institute of Banking and Finance, Mumbai and is on the Governing Council of Treasury Elite, a knowledge-sharing platform for finance and treasury professionals. She retired as General Manager and Chief Economist, State Bank of India, based at its Corporate Office in Mumbai. She has a brilliant academic record, with a Ph.D. in Economics from the Department of Economics, University of Mumbai, M.S. in Economics from the University of California at Davis, USA, M.A. in Economics from Gokhale Institute of Politics and Economics, Pune and B.A. in Economics from Fergusson College, Pune. She has attended an Executive Programme at the Kennedy School of Government, Harvard University, USA and a leadership programme at IIM Lucknow.

Aashish Kamat

Mr. Aashish Kamat CPA serves as Non-Executive Independent Director of the Company. Mr. Aashish Kamat has over 32 years of experience in the corporate world, with 26 years being in banking & financial services and 6 years in public accounting. Mr. Kamat, in March 20, joined L Catterton, a global Private equity fund as a senior partner. From 2012 until his retirement in January 2018, Mr. Kamat was the Country Head for UBS India. Prior to that he was the Regional COO/CFO for Asia Pacific at JP Morgan based out of Hong Kong. Before moving to Hong Kong, Mr. Kamat was in New York, where he was the Global Controller for the Investment Bank (IB) at JP Morgan in New York and at Bank of America as the Global CFO for the IB and Consumer & Mortgage Products. Mr. Kamat started his career with Coopers & Lybrand, a public accounting firm, in 1988 before he joined JP Morgan in 1994.

Hemang Raja

Mr. Hemang Raja serves as Non-Executive Independent Director of the Company. Mr. Hemang Raja, is an MBA from Abeline Christian University, Texas, with a major emphasis on finance. He has also done an Advanced Management Programme (AMP) from Oxford University, UK. He has a vast experience of over thirty seven years in financial services industry. His last assignment from the year 2006 onwards was in the area of Private Equity and Fund Management business with Credit Suisse and Asia Growth Capital Advisers in India as MD and Head - India. He has served on the executive committee of the board of the National Stock Exchange of India Limited; also served as a member of the Corporate Governance Committee of the BSE Limited.

Anand Sinha

Mr. Anand Sinha serves as Non-Executive Independent Director of the Company. Mr. Anand Sinha joined the Reserve Bank of India in July 1976 and rose to become Deputy Governor in January 2011. He was Advisor in RBI up to April 2014, after demitting the office of Deputy Governor in RBI on January 18, 2014. As Deputy Governor, he was in-charge of regulation of commercial banks, Non-Banking Financial Companies, Urban Co-operative Banks and Information Technology, among others.

Pravir Vohra

Mr. Pravir Kumar Vohra serves as Non-Executive Independent Director of the Company. Mr. Pravir Vohra is a postgraduate in Economics from St. Stephen’s College, University of Delhi & a Certified Associate of the Indian Institute of Bankers. He began his career in banking with State Bank of India where he worked for over 23 years. He held various senior level positions in business as well as technology within the Bank, both in India & abroad. The late 1990s saw Mr. Vohra as Vice President in charge of the Corporate Services group at Times Bank Ltd. In January 2000, he moved to the ICICI Bank group where he headed a number of functions like the Retail Technology Group & Technology Management Group. From 2005 till 2012 he was the President and Group CTO at ICICI Bank.

Basic Compensation

Name Fiscal Year Total

Rajiv Lall

1,077,420

V. Vaidyanathan

141,283,008

Sudhanshu Jain

915,054

Adrian Andrade

--

Amit Kumar

--

Satish Gaikwad

8,330,020

Sunil Kakar

6,221,440

Sanjay Kumar

--

Vishal Mahadevia

--

Sanjeeb Chaudhuri

900,000

Brinda Jagirdar

1,800,000

Aashish Kamat

1,250,000

Hemang Raja

1,950,000

Anand Sinha

1,350,000

Pravir Vohra

1,900,000
As Of  31 Mar 2020