IRDAI appoints Keki Mistry's appointment as HDFC Life chairman

The Insurance Regulatory and Development Authority (IRDAI) has approved the appointment of Keki Mistry as chairman of HDFC Life.

The company said in an exchange filing on May 8, “We now wish to inform that IRDAI on May 07, 2024 has accorded its approval for the appointment of Mistry as Chairman of the Board of the Company.”

The company appointed Mistry as chairman of the board last month, succeeding Deepak S. Parekh as chairman and non-executive director.

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“The board has unanimously approved the appointment of Keki M Mistry as the Chairman of the Board with immediate effect subject to the approval of the Insurance Regulatory and Development Authority,” the insurer said on April 18.

After the merger of HDFC Limited and HDFC Bank, Mr. Mistry, who previously served as the vice chairman and CEO of HDFC Limited, became a non-executive director on the board of HDFC Bank Limited.

In addition to his role at HDFC Bank, Mistry holds director positions at several other companies. He is a qualified chartered accountant and a fellow member of the Institute of Chartered Accountants of India.

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He is a member of the Primary Market Advisory Committee (PMAC) constituted by the SEBI. He was also a member of the Corporate Governance Committee constituted by SEBI in 2017. In addition, he was the chairman of the CII Corporate Governance Committee for 2016-17 and 2017-18.

Currently, Mistry is a member of the expert committee constituted by SEBI for facilitating ease of doing business and harmonisation of the provisions of ICDR and LODR regulations and is the chairman of Working Group 1 of the expert committee.

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