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Housing Development Finance Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Keki Mistry

Chief executive officer

₹208.3m

Total compensation

CEO salary percentage	36.9%
CEO tenure	23.8yrs
CEO ownership	0.04%
Management average tenure	no data
Board average tenure	18.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Keki Mistry's remuneration changed compared to Housing Development Finance's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	₹208m	₹77m	₹262b
Dec 31 2022	n/a	n/a	₹250b
Sep 30 2022	n/a	n/a	₹242b
Jun 30 2022	n/a	n/a	₹229b
Mar 31 2022	₹190m	₹70m	₹226b
Dec 31 2021	n/a	n/a	₹215b
Sep 30 2021	n/a	n/a	₹208b
Jun 30 2021	n/a	n/a	₹202b
Mar 31 2021	₹170m	₹63m	₹187b
Dec 31 2020	n/a	n/a	₹175b
Sep 30 2020	n/a	n/a	₹162b
Jun 30 2020	n/a	n/a	₹220b
Mar 31 2020	₹154m	₹63m	₹214b
Dec 31 2019	n/a	n/a	₹218b
Sep 30 2019	n/a	n/a	₹210b
Jun 30 2019	n/a	n/a	₹164b
Mar 31 2019	₹136m	₹55m	₹162b
Dec 31 2018	n/a	n/a	₹114b
Sep 30 2018	n/a	n/a	₹151b
Jun 30 2018	n/a	n/a	₹122b
Mar 31 2018	₹121m	₹48m	₹120b
Dec 31 2017	n/a	n/a	₹152b
Sep 30 2017	n/a	n/a	₹113b
Jun 30 2017	n/a	n/a	₹108b
Mar 31 2017	₹103m	₹41m	₹109b

Compensation vs Market: Keki's total compensation ($USD2.51M) is above average for companies of similar size in the Indian market ($USD1.12M).

Compensation vs Earnings: Keki's compensation has been consistent with company performance over the past year.

CEO

Keki Mistry (69 yo)

23.8yrs

Tenure

₹208,279,123

Compensation

Mr. Keki Minoo Mistry, C.P.A., is Additional Non-Executive Non-Independent Director at HDFC Bank Limited since June 30, 2023. He serves as an Additional Independent Director at The Great Eastern Shipping C...

Board Members

Name	Position	Tenure	Compensation	Ownership
Keki Mistry	Vice Chairman & CEO	30.7yrs	₹208.28m	0.044% ₹ 2.2b
Vedanthachari Rangan	CFO & Whole-Time Executive Director	13.8yrs	₹140.57m	0.038% ₹ 1.9b
Renu Karnad	MD & Whole-Time Director	23.4yrs	₹184.44m	0.16% ₹ 7.9b
Ireena Vittal	Independent Director	4.8yrs	₹9.70m	0.00054% ₹ 27.3m

18.6yrs

Average Tenure

66yo

Average Age

Experienced Board: 500010's board of directors are seasoned and experienced ( 18.6 years average tenure).

This company is no longer active

Housing Development Finance Management

Management criteria checks 2/4

Key information

Recent management updates

Housing Development Finance Corporation Limited, Annual General Meeting, Jun 30, 2022

Insider recently sold ₹4.5m worth of stock

General Manager of Public Relations recently sold ₹33m worth of stock

Insider recently sold ₹47m worth of stock

Insider recently sold ₹10m worth of stock

CFO & Whole-time Executive Director recently sold ₹59m worth of stock

Recent updates

Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V., and Infinity Partners completed the acquisition of a majority stake in HDFC Credila Financial Services Limited from Housing Development Finance Corporation Limited (BSE:500010) for approximately INR 95.5 billion.

Housing Development Finance Corporation Limited(NSEI:HDFC) dropped from FTSE All-World Index (USD)

Housing Development Finance Corporation Limited (BSE:500010) acquired 5.46% stake in Xanadu Realty Private Limited for INR 250 million.

Housing Development Finance Corporation Limited (BSE:500010) acquired 5.46% stake in Xanadu Realty Private Limited for INR 250 million.

HDFC Shares to Be Delisted on 13 July 2023

Nitipalsingh Gajendrasingh Sisodiya and Vidhi Praveen Jain completed the acquisition of HDFC Ventures Trustee Company Limited from Housing Development Finance Corporation Limited (BSE:500010).

New minor risk - Shareholder dilution

Vividh Distributors Pvt Ltd completed the acquisition of HDFC Venture Capital Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 3 million.

Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V., and Infinity Partners has entered into investment agreement to acquire 90% stake in HDFC Credila Financial Services Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 90.6 billion.

Nitipalsingh Gajendrasingh Sisodiya and Vidhi Praveen Jain entered into a share purchase agreement to acquire HDFC Ventures Trustee Company Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 0.76 million.

Vividh Distributors Pvt Ltd and its six nominees entered into a Share Purchase Agreement to acquire HDFC Venture Capital Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 3 million.

Vividh Distributors Pvt Ltd and its six nominees entered into a Share Purchase Agreement to acquire HDFC Property Ventures Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 12 million.

Upcoming dividend of ₹44.00 per share at 1.6% yield

Blackstone, ADIA Reportedly Are Likely Bidders for HDFC's Credila

HDFC Receives Multiple Bids for HDFC Credila Financial Services Stake

Housing Development Finance Corporation Limited Approves Interim Dividend, Payable on June 1, 2023

Full year 2023 earnings released: EPS: ₹144 (vs ₹125 in FY 2022)

Third quarter 2023 earnings released: EPS: ₹36.59 (vs ₹32.27 in 3Q 2022)

Housing Development Finance Corporation Limited to Report Nine Months, 2023 Results on Feb 02, 2023

An unknown buyer acquired 2.54% stake in RuralShores Business Services Pvt Ltd. from Housing Development Finance Corporation Limited (BSE:500010).

Second quarter 2023 earnings released: EPS: ₹36.06 (vs ₹29.11 in 2Q 2022)

Housing Development Finance Corporation Limited to Report Q2, 2023 Results on Nov 03, 2022

Housing Development Finance Corporation Limited (BSE:500010) completed acquisition of remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN).

Housing Development Finance Corporation Limited announced that it expects to receive INR 20 billion in funding from HDFC Life Insurance Company Limited

Housing Development Finance Corporation Limited (BSE:500010) entered into an agreement to acquire remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN) for INR 9.75 million.

First quarter 2023 earnings released: EPS: ₹29.26 (vs ₹27.93 in 1Q 2022)

Housing Development Finance Corporation Limited to Report Q1, 2023 Results on Jul 29, 2022

HDFC Reportedly to Sell Four Large Stressed Accounts Before Merger

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Housing Development Finance Corporation Limited, Annual General Meeting, Jun 30, 2022

Abu Dhabi Investment Authority completed the acquisition of 10% Stake in HDFC Capital Advisors Limited from Housing Development Finance Corporation Limited (BSE:500010).

Upcoming dividend of ₹30.00 per share

Housing Development Finance Corporation Limited Recommends Dividend for the Financial Year 2021-2022, Payable July 1, 2022 Onwards

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Abu Dhabi Investment Authority agreed to acquire 10% stake in HDFC Capital Advisors Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR1.84 billion.

Housing Development Finance Corporation Limited to Report Q4, 2022 Results on May 02, 2022

HDFC Bank Limited (NSEI:HDFCBANK) entered into scheme of amalgamation to acquire Housing Development Finance Corporation Limited (BSE:500010) for approximately INR 4580 billion.

Investor sentiment improved over the past week

Insider recently sold ₹4.5m worth of stock

General Manager of Public Relations recently sold ₹33m worth of stock

Insider recently sold ₹47m worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently sold ₹10m worth of stock

CFO & Whole-time Executive Director recently sold ₹59m worth of stock

Second quarter 2022 earnings released: EPS ₹29.11 (vs ₹26.03 in 2Q 2021)

Insider recently sold ₹40m worth of stock

First quarter 2022 earnings released: EPS ₹27.93 (vs ₹20.86 in 1Q 2021)

Full year 2021 earnings released: EPS ₹106 (vs ₹124 in FY 2020)

Upcoming dividend of ₹23.00 per share

Insider recently sold ₹10m worth of stock

Housing Development Finance Corporation Limited Recommends Dividend for the Year 2020-2021, Payable on July 21, 2021

Full year 2021 earnings released: EPS ₹106 (vs ₹124 in FY 2020)

Insider recently sold ₹10m worth of stock

Insider recently sold ₹12m worth of stock

Insider recently sold ₹1.3m worth of stock

Vice Chairman & CEO recently sold ₹29m worth of stock

Head of Legal recently sold ₹27m worth of stock

New 90-day high: ₹2,771

Analysts increase revenue estimates to ₹594.3b

Third quarter 2021 earnings released: EPS ₹28.79 (vs ₹22.16 in 3Q 2020)

Price target raised to ₹2,886

An unknown buyer signed an agreement to acquire 24.5% stake in Good Host Spaces Private Limited from Housing Development Finance Corporation Limited (BSE:500010) for INR 2.3 billion.

New 90-day high: ₹2,662

Insider recently sold ₹251m worth of stock

Housing Development Finance Corporation Limited to Report Q3, 2021 Results on Feb 02, 2021

New 90-day high: ₹2,424

Housing Development Finance Corporation Limited (BSE:500010) entered into agreements to acquire 19.95% stake in Renaissance Investment Solutions ARC Private Limited for approximately INR 4.9 million.

New 90-day high: ₹2,347