A Chartered Accountant from ICAI and a Certified Public Accountant, Michigan USA, Keki Mistry brings with him over three decades of varied work experience in the Banking & Financial Services domain.
In 1981, Mr. Mistry joined HDFC Ltd. India’s premier housing finance company and currently serves as its Vice Chairman & Chief Executive Officer. Mr. Mistry is responsible for the overall functioning of the Corporation. As a part of the management team, Mr. Mistry has played a critical role in the successful transformation of HDFC into India’s leading integrated financial services conglomerate by facilitating the formation of companies including HDFC Bank, HDFC Asset Management Company, HDFC Standard Life Company and HDFC ERGO General Insurance Company.
In 1975, Mr. Mistry began his career with AF Ferguson & Co, a renowned Chartered Accountancy Firm, post which he moved to Hindustan Lever Ltd. After his stint at HLL, Mr. Mistry joined Indian Hotels Company Ltd., one of India’s largest chain of hotels.
Besides being on the of board all the HDFC Group companies, Mr. Mistry is on the board of Infrastructure Leasing & Financial Services Ltd, Sun Pharmaceutical Industries Ltd, India Value Fund Advisors Pvt. Ltd., The Great Eastern Shipping Company Ltd, Greatship (India) Ltd., Griha Investments – Mauritius, Intelenet Global Services Pvt. Ltd., Shrenuj & Co. Ltd, Next Gen Publishing Ltd. He is also the Non-Executive Chairman of GRUH Finance Ltd., a subsidiary of HDFC Ltd.
Mr. Mistry has been a Consultant to Commonwealth Development Corporation (CDC) in Thailand, Mauritius, Caribbean Islands and Jamaica, guiding the company to review and evaluate the operations of mortgage financial institutions in these countries. He has also been Consultant to the Mauritius Housing Company and Asian Development Bank.
Some of Mr. Mistry’s recognitions include being declared as the Best CFO in the Financial Services category by the Institute of Chartered Accountants of India (ICAI) for 2008, CNBC TV18’s award for the ‘Best Performing CFO in the Financial Services Sector’ for three consecutive year (2006, 2007 & 2008) and CFO of the Year for 2008, selection as the ‘Best Investor Relations Officer’ in the Corporate Governance poll by Asiamoney (2008), and Smart Manager magazine’s enlisting among its Annual Survey of the ’25 Best Managers’ in 2005.
Besides this, Mr. Mistry to his credit had successfully negotiated a loan agreement for $200mn with International Finance Corporation with an objective to broad base HDFC’s medium-to-long-term funding sources and to also reduce the overall cost of funding. The proceeds of the loan were utilized for lending to individuals across the country for residential housing. Mr. Mistry’s innovative strategy was recognized by the International Finance Review – Asia, which awarded the deal as ‘India Capital Markets Deal of the Year - 2002’.
Mr. Mistry is a member of the Investors’ Grievance Committee of Directors, a Fellow Member of the Institute of Chartered Accountants of India and a Member of the Michigan Association of Certified Public Accountants.