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
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. Sumant Rampal
Group Head – Mortgages and Home Loans Business, HDFC Bank Limited
- Home Loans vertical of the Bank caters to the housing loan needs of customers.
- Mortgage vertical caters to the banking and financing needs of MSMEs and individuals against
property.
Before assuming responsibility for Mortgages and Home Loans
business, Sumant was managing Business Banking, Rural Banking and SLI verticals for the Bank. Under
his leadership, HDFC Bank was acknowledged as the Best SME Bank by SIDBI for FY 2019-2020, by Asia
Money 2021-22, Euro Money 2021-22 and Asia Money 2022-23.
HDFC Bank today is one of the largest Bank’s for MSME and
Agricultural finance. The Bank is also one of the largest providers of funding under Government
schemes like ECLGS, CGTMSE, AIF, PMFME, CGFMU, FPO etc. Sumant and his team spearheaded the growth
of the MSME and Agriculture lending business in more than 650 districts and 2,25,000 villages of
India. The products and services were delivered through a mix of physical and digital solutions for
the Bank’s customer needs and efficiency.
Sumant has been a Corporate and Wholesale banker throughout his
two-decade career with the Bank. He joined HDFC Bank in 1999 as a Relationship Manager in the
Corporate Banking division. He managed some of the leading Indian and MNC corporates before moving
to the Mid-Market Group as Regional Head – West and the All India for the Healthcare business
vertical. He contributed significantly towards building the Mid-Market Business vertical and was
also involved in its digitisation process.
He is an alumnus of the Symbosis Institute of International
Business, Pune. He believes in making small changes daily for bringing the best result for himself
and the team, influenced by the book Atomic Habits.
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
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.
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.
