Meet the people who make it Happen.

Mr. Veeraraghavan Iyer - CEO, HDFC Sales
Mr. Veeraraghavan Iyer
CEO, HDFC Sales

Words from
The CEO

It is my deep honor and privilege to take charge of HDFC Sales as the CEO and lead a growing team of over 13,000+ professionals. As we stand at an exciting juncture in our business journey, I welcome you with hope, belief and a positive outlook.

Our story began in 2004 to support and augment the sales and distribution of the products of our parent company, HDFC Bank. Over the last 20 years we have grown manifold to become one of the largest financial services’ distributors in India, with the distribution of a multitude of products ranging from Home Loans, Life Insurance and General Insurance across India.

Board of Directors

HDFC Sales Pvt. Ltd. is managed by its Board consisting of eminent persons, professionals who represent various segments including mortgages, finance, taxation, construction, and urban policy & development. The Board primarily focuses on strategy formulation, policy and control, designed to deliver increasing value to the various stakeholders.



Mr. Bhavesh Zaveri

Mr. Bhavesh Zaveri
Non-Executive Director


Qualifications: B. Com, M. Com (Mumbai University) and Certified Associate (Indian Institute of Bankers)

Mr. Bhavesh Zaveri is the Executive Director of HDFC Bank and in-charge of Operations & Cash Management Product. In his current role, he is responsible for Business and Operations across the country and for creating and delivering a flawless operations execution capability across the diversified product suite of the Bank to the Corporate, MSME & Retail verticals including for Asset, for Liabilities and for Transaction Services of Payments & Cash Management, Trade Finance & Treasury, and ATM Product.

Mr. Zaveri has an overall experience of over 38 years and has headed the critical functions of Operations, Cash Management and Technology at the Bank. He joined the Bank in 1998 in the Operations function. He became Business Head – Wholesale Banking Operations in the year 2000 and was appointed as Group Head - Operations in 2009. He assumed additional responsibilities of the Information Technology function in 2015. In his previous role as Group Head - IT, he has contributed to the Digital transformation of the Bank by embracing technology to ensure operational efficiency resulting in improved customer experience across different product offerings of the Bank.

Mr. Zaveri has also participated in RBI’s Internal Payments Council Meet and was part of the Umbrella Organization for Payments Committee of 2004 that led to the formation of National Payment Corporation of India (NPCI). He is the only elected Indian from India on the SWIFT Scrl Global Board, Brussels. He has been featured twice in the “Who’s Who in Treasury and Cash Management” by Global Trade Review. He has also been a member of various committees formed by the Reserve Bank of India and Indian Banks’ Association. He also previously served on the Board of SWIFT Scrl - Brussels, Swift India Domestic Services Private Limited, The Clearing Corporation of India Limited, National Payment Corporation of India Limited, Goods & Service Tax Network Limited, HDB Financial Services Limited and HDFC Securities Limited.

Prior to joining the Bank, Mr. Zaveri worked for Oman International Bank and Barclays Bank. He holds a Master’s Degree in Commerce from Mumbai University and is a Certified Associate of the Indian Institute of Bankers.




Mr. Arvind Kapil

Mr. Arvind Kapil
Non-Executive Director


Qualifications: Advanced Management Course (Harvard Business School), Masters’ Program in Management of Global Enterprises (jointly - IIM Bengaluru, UCLA Anderson, SDA Bocconi and City University), MMS (Bharati Vidyapeeth Institute of Management Studies and Research) and B.E. (K. J. Somaiya College of Engineering)

Mr. Arvind Kapil is the Group Head - Mortgage Banking Business at HDFC Bank. He heads the Bank’s entire Home Loan portfolio, Loan Against Property (LAP) and HDFC Sales.

Mr. Kapil earlier headed the Bank’s entire retail lending franchise which comprised of Unsecured Loans, Auto Loans, Loan against Property, Two-wheeler Loans, Retail Working Capital Loans, Gold Loan, Loan Against Shares, Home Loans, Microfinance, and Business Loans.

An integral part of the Bank’s growth journey for over 24 years, a paradigm pioneer in digital, Mr. Arvind Kapil has introduced industry leading innovations that offer unparalleled convenience using technology as an enabler. These include arguably the fastest loan in the world, the 10 Seconds Personal Loan, apart from Digital Loans against Securities, Digital Loans against Mutual Funds and Digital Auto Loans.

An alumnus of Harvard Business School (HBS), he completed an Advanced Management Program (AMP) from HBS; Master’s Program in Management of Global Enterprises jointly from IIM Bengaluru, UCLA Anderson and SDA Bocconi and City University; Masters in Management Studies from Bharati Vidyapeeth Institute of Management Studies and Research and B.E. (Bachelor of Engineering) from K. J. Somaiya College of Engineering, Mumbai.

Mr. Arvind Kapil



Mr. Rajeev Sardana, Director

Mr. Rajeev Sardana
Non-Executive Director


Qualifications: Bachelor of Commerce (Honors) from Shriram College of Commerce, University of Delhi and a Member of Institute of Chartered Accountants of India

Mr. Rajeev Sardana was a Member of Executive Management of Housing Development Finance Corporation Limited and was heading the Self-Employed Business and Loan against Property of the Corporation. In addition, he was the Regional Business Head for Hyderabad, Chennai & Coimbatore.  He was associated with HDFC since 1986 and was also involved in the development of products and policies for retail mortgage loans. After his superannuation on 30th June 2023 and merger of HDFC with HDFC Bank, HDFC Bank has appointed him as a Consultant. He has been involved in consultancy assignments undertaken by HDFC in various countries across Asia to support and establish their housing finance institutions. Mr. Rajeev Sardana is also a Director of HDFC Education and Development Services Private Limited. He is a member of the Institute of Chartered Accountants of India and an alumina of Shri Ram College of Commerce, University of Delhi.




Mr. S.N. Shroff, Director

Mr. S. N. Shroff
Non-Executive Director


Qualifications: Bachelor of Arts, L. L. B.

Mr. S. N. Shroff has a vast experience in the field of law and had been associated with erstwhile Housing Development Finance Corporation Limited, former holding company for close to three decades till his retirement as its Chief Legal Advisor in 2008.

Mr. S.N. Shroff, Director



Ms. Simrita Kaur Ahluwalia

Ms. Simrita Kaur Ahluwalia
Non-Executive Director


Qualifications: B.E (TSEC), MBA (ICFAI, Hyderabad) and CFA

Simrita Ahluwalia is the CEO of HDFC Education. She holds an Engineering Degree from TSEC, Mumbai, and an MBA from ICFAI Hyderabad. She is also a qualified Chartered Financial Analyst. She joined HDFC Education in January 2012.

She was appointed as a CEO with effect from June 2019. She comes with a rich experience and is now committed towards fulfilling the vision of HDFC Education of setting up high quality schools by adopting the best practices and creating a footprint of HDFC in the Education Sector. The HDFC Schools are now established and running schools in three cities i.e. Gurgaon, Pune and Bangalore.

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