Mr. Rajeev Kumar is the Chief Executive Officer of HDFC Sales Private Limited (HSPL), bringing over three decades of extensive experience in sales, distribution management and P&L leadership.
An MBA from MDI Gurgaon, he has deep expertise in retail sales and a proven track record of driving growth in large, distribution-led businesses.
Mr. Ranjeet Shetty brings over two decades of rich experience within the HDFC ecosystem, marked by deep domain expertise, operational excellence, and a strong commitment to performance-driven leadership. An alumnus of Narsee Monjee College of Commerce and Economics and a postgraduate in Marketing from SIES College of Management Studies, he began his career as a Management Trainee with HDFC Limited and steadily progressed to senior leadership roles through consistent performance and dedication.
HDFC Sales Pvt. Ltd. is managed by its Board consisting of eminent persons and 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. Sumant Rampal leads the Mortgages and Home Loans
Business at the Bank and prior to assuming responsibility for these businesses, Mr.
Sumant
Rampal
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 currently has one of the largest assets under management for the mortgages
business in the Indian banking industry. The mortgages loan book and customer base
is
spread across the length and breadth of the country.
HDFC Bank today is one of the largest banks 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. Mr. Sumant Rampal 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 customers’ needs and for efficiency.
Mr. Sumant Rampal 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 all India Business Head
for
Health care vertical. He contributed significantly towards building the Mid-Market
Business
vertical and was also involved in its digitisation process.
Mr. Sumant Rampal is an alumnus of the Symbosis Institute of International Business,
Pune.
He relaxes by spending time with family, watching movies, and reading books on real
stories
and on human behaviour.
Mr. N Srinivasan is Group Head – Lending Operations at HDFC Bank. In this role, he is responsible for lending businesses including wholesale, retail, agriculture and home loan segments. Having pioneered numerous transformative projects, Mr. Srinivasan’s expertise spans across digitization and operations risk management. He played a pivotal role in Bank's large-scale initiatives and industry-first innovations in digital lending, development of operational systems supporting the Bank's expansive corporate and retail-loan portfolios and operations transition during merger of large portfolios.
Mr. Srinivasan joined the Bank in 1996 as a Relationship Manager before moving to set up retail assets operations and established ground-up operations for the Bank's advances portfolio.
He has been a member of various committees in public institutions related to digitization of banking services for customers viz., eSigning, eStamping of documents, electronic NOCs for hypothecation removal on vehicles and inter bank portal for credit linked-schemes.
Mr. Srinivasan started his career in Bhilai Steel Plant, Steel Authority of India Limited. He is a Chartered Accountant, Cost Accountant, Company Secretary and was awarded Gold-Medal for securing first place in the Company Secretary final examinations.
Ms. Simrita Ahluwalia is an accomplished finance professional and educator, with a
unique
career spanning corporate finance, strategic leadership, and institution building.
An
Electronics Engineer with an MBA in Finance and a CFA charter holder, she brings
deep
analytical acumen and a strong understanding of financial systems, capital
structures,
and
risk governance to the boardroom.
Currently serving as the CEO at The Knowledge Habitat, a chain of progressive K–12
institutions under the visionary leadership of the Shiv Nadar Foundation, Ms.
Ahluwalia
is
known for her ability to navigate complexity, lead with integrity, and bring a
long-term,
values-driven perspective to decision-making. Her experience in managing diverse
stakeholders — from regulators and educators to parents and investors — equips her
with
a
nuanced understanding of governance in both corporate and mission-led
environments.
As a Director, she offers a rare blend of financial expertise, strategic thinking,
and a
strong commitment to ethics, transparency, and sustainability — qualities
increasingly
critical in today’s evolving business and regulatory landscape.
Mr. Subodh K. Salunke holds a Master’s Degree in Management Studies from
Sydenham Institute of Management, Mumbai University and a Bachelor’s degree
in Commerce. He joined Housing Development Finance Corporation Limited
(HDFC) in June 1988. He was the Regional Manager, Mumbai and Vidarbha and
his responsibilities included business development in Mumbai and Vidarbha
Region in Maharashtra through the developer and corporate channels. He was
also responsible for Affordable Housing initiative of HDFC.
He has also worked in Management Services Division of HDFC. This stint for 6
years (1992-98) gave him an opportunity to work very closely with the Top
Management of HDFC very early in his career. The scope of work included
Corporate Planning and Budgeting, Financial Forecasting, International
Borrowing, Foreign Exchange Risk Management, Lease Finance for tax planning
(origination, processing and servicing of Lease Transactions) , Coordination with
Regulator (National Housing Bank) including Refinance, Investor Relations and
New Projects.
He was responsible for Operations Training at an all-India level. He has also been
instrumental in the development and execution of domestic and international
training programmes.
He was also associated with HDFC Credila Financial Services Limited as a
Director and subsequently as Executive Vice Chairman. He superannuated from
HDFC in June 2022 as Senior General Manager in Treasury department.
He worked with HDFC Bank for one year as a Consultant during the transition
period after merger with HDFC Limited.
Mrs. Smita Bhagat is a senior banking and financial services professional with over three decades of experience in building and scaling businesses across Branch Banking, Government and Institutional Banking/Retail Foreign Exchange and Alternate channel Distribution. Formerly associated with HDFC Bank as Group Head and have diversify portfolio including Branch Banking, Government and Institutional Business, Retail Foreign Exchange, Alternate Channels and Partnerships, and inclusive banking initiatives. She has been instrumental in incubating and scaling high-impact business verticals, developing technology-led distribution platforms, and expanding banking access across semi-urban and rural markets, with a strong focus on building sustainable and scalable ecosystems. She is credited with launching India’s first digital distribution platform for banking products via corporate Business Correspondent (BC) partners in 2019. Following the merger, she led the integration of key HDFC Limited partners into HDFC Bank’s alternate channel, achieving the distinction of being the first in the industry to receive all regulatory permissions for such a channel.
Mrs. Bhagat brings significant governance and advisory experience through her association with Boards of entities under the Ministry of Electronics and Information Technology, Government of India, and her engagement with leading industry bodies such as NASSCOM, Confederation of Indian Industry, Open Network for Digital Commerce and Federation of Indian Chambers of Commerce and Industry. Her contributions have been recognised through several industry accolades, including the Economic Times Women Ahead Award and the CII Award for Innovation in the BFSI sector. She holds a Bachelor’s degree in Economies, a Master’s degree in Financial Management and MBA. She has also done an Executive Programme from Indian Institute of Management, Ahmedabad.
Mr. Rajeev Kumar is the Chief Executive Officer of HDFC Sales Private Limited (HSPL), bringing over three decades of extensive experience in sales, distribution management and P&L leadership.
An MBA from MDI Gurgaon, he has deep expertise in retail sales and a proven track record of driving growth in large, distribution-led businesses.
Mr. Kumar has been associated with HDFC Bank for over 22 years, where he most recently served as Head – Strategy, Retail Assets. During his tenure, he played a key part in advancing analytics-led sourcing, building digital partnerships, strengthening customer retention initiatives and enhancing portfolio performance across multiple product lines.
Over the course of his career, he has led a wide range of retail asset segments, including Unsecured Lending, Home Loans, Loan Against Securities (LAS), Education Loans and Cards—consistently delivering scale, profitability and strong governance standards.
He brings significant experience in managing large, multi-layered teams across the country and is widely recognized for his execution excellence and ability to translate strategic priorities into scalable, sustainable business outcomes.
Beyond his professional endeavors, Mr. Kumar has a keen interest in personal finance, and enjoys music, sports and reading.
Mr. Ranjeet Shetty brings over two decades of rich experience within the HDFC ecosystem, marked by deep domain expertise, operational excellence, and a strong commitment to performance-driven leadership. An alumnus of Narsee Monjee College of Commerce and Economics and a postgraduate in Marketing from SIES College of Management Studies, he began his career as a Management Trainee with HDFC Limited and steadily progressed to senior leadership roles through consistent performance and dedication.
He also had a two-year stint as Regional Business Head at HDFC’s London office, where he was responsible for overseeing both business growth and operations, further strengthening his global exposure and leadership capabilities.
In December 2021, Mr. Shetty was deputed to HDFC Sales as Chief Operating Officer, where he played a pivotal role in strengthening the organization’s operational framework. He led several key initiatives that enhanced cross-functional coordination, improved service delivery, and drove process efficiencies, enabling the organization to scale with agility while maintaining a strong customer-centric focus.
As Deputy Chief Executive Officer, Mr. Shetty is now focused on accelerating strategic growth, driving operational excellence, and leading the organization through its next phase of transformation. His leadership philosophy is rooted in customer centricity, consistency, trust and long-term value creation, fostering a culture of high performance and accountability across the organization.
Beyond his professional commitments, Mr. Shetty is a sports enthusiast. His passion for continuous learning is reflected both in his personal pursuits and in his approach to leadership.
