HDB Financial Services Limited

NSEI:HDBFS Stock Report

Market Cap: ₹602.1b

HDB Financial Services Management

Management criteria checks 4/4

HDB Financial Services' CEO is Ramesh Ganesan, appointed in Apr 2010, has a tenure of 15.58 years. total yearly compensation is ₹65.45M, comprised of 78.5% salary and 21.5% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth ₹619.12M. The average tenure of the management team and the board of directors is 3.5 years and 3.8 years respectively.

Key information

Ramesh Ganesan

Chief executive officer

₹65.4m

Total compensation

CEO salary percentage78.48%
CEO tenure15.6yrs
CEO ownership0.1%
Management average tenure3.5yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

HDB Financial Services Limited (NSE:HDBFS) Not Lagging Market On Growth Or Pricing

Oct 01
HDB Financial Services Limited (NSE:HDBFS) Not Lagging Market On Growth Or Pricing

CEO Compensation Analysis

How has Ramesh Ganesan's remuneration changed compared to HDB Financial Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹22b

Jun 30 2025n/an/a

₹22b

Mar 31 2025₹65m₹51m

₹22b

Dec 31 2024n/an/a

₹23b

Sep 30 2024n/an/a

₹25b

Jun 30 2024n/an/a

₹25b

Mar 31 2024₹78m₹46m

₹25b

Dec 31 2023n/an/a

₹24b

Sep 30 2023n/an/a

₹22b

Jun 30 2023n/an/a

₹21b

Mar 31 2023₹70m₹54m

₹20b

Dec 31 2022n/an/a

₹18b

Sep 30 2022n/an/a

₹16b

Jun 30 2022n/an/a

₹14b

Mar 31 2022₹50m₹45m

₹10b

Dec 31 2021n/an/a

₹8b

Sep 30 2021n/an/a

₹6b

Jun 30 2021n/an/a

₹4b

Mar 31 2021₹47m₹38m

₹4b

Dec 31 2020n/an/a

₹5b

Sep 30 2020n/an/a

₹6b

Jun 30 2020n/an/a

₹9b

Mar 31 2020₹76m₹41m

₹10b

Dec 31 2019n/an/a

₹10b

Sep 30 2019n/an/a

₹11b

Jun 30 2019n/an/a

₹11b

Mar 31 2019₹46m₹37m

₹12b

Compensation vs Market: Ramesh's total compensation ($USD737.86K) is about average for companies of similar size in the Indian market ($USD836.84K).

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

CEO

Ramesh Ganesan (56 yo)

15.6yrs
Tenure
₹65,447,828
Compensation

Mr. Ramesh Ganesan, M.B.A., has been Chief Executive Officer of HDB Financial Services Limited since April 2010 and its Managing Director since July 1, 2012. Mr. Ganesan joined HDB Financial Services Limit...

Leadership Team

NamePositionTenureCompensationOwnership
Ramesh Ganesan
MD, CEO & Executive Director15.6yrs₹65.45m0.10%
₹ 619.1m
Jaykumar Shah
Chief Financial Officer3.7yrs₹25.40m0.012%
₹ 69.9m
Ashish Ghatnekar
Chief of People & Operationsno data₹35.80m0.036%
₹ 216.8m
Mathew Panat
Chief Technology Officer3.3yrs₹17.70m0.0017%
₹ 10.2m
Arjun Dutta
Chief Compliance Officer2.8yrs₹12.60mno data
Dipti Khandelwal
Company Secretary8.8yrs₹7.20m0.0021%
₹ 12.9m
Marupudi Swamy
Chief Digital & Marketing Officerno data₹69.80m0.052%
₹ 312.9m
Rohit Patwardhan
Chief Credit Officerno data₹31.60m0.052%
₹ 313.7m
Sarabjeet Singh
Chief Business Officerno data₹32.80m0.040%
₹ 240.9m
Karthik Srinivasan
Chief Business Officerno data₹32.30m0.017%
₹ 105.0m
Harish Venugopal
Chief Risk Officerno data₹16.50m0.0086%
₹ 52.0m
Vishal Patel
Head of Investor Relations1.1yrsno data0.0024%
₹ 14.8m
3.5yrs
Average Tenure
51.5yo
Average Age

Experienced Management: HDBFS's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ramesh Ganesan
MD, CEO & Executive Director13.3yrs₹65.45m0.10%
₹ 619.1m
Arijit Basu
Additional Independent Part-Time Non-Executive Chairman4.4yrs₹4.23mno data
Jimmy Tata
Non-Executive Non-Independent Director2.3yrsno data0.039%
₹ 233.0m
Amla Samanta
Non-Executive & Independent Director6.5yrs₹2.63mno data
Jayant Gokhale
Independent Director1.2yrs₹1.83mno data
Adayapalam Viswanathan
Non-Executive & Independent Director6.3yrs₹3.23mno data
Arundhati Mech
Independent Director3.8yrs₹3.10mno data
Bhaskar Sharma
Independent Director1.2yrs₹1.05mno data
Jayesh Chakravarthi
Independent Director1.8yrs₹2.65mno data
3.8yrs
Average Tenure
65yo
Average Age

Experienced Board: HDBFS's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 11:32
End of Day Share Price 2025/11/13 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HDB Financial Services Limited is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Santanu ChakrabartiBNP Paribas
Anand SwaminathanBofA Global Research
Avinash SinghEmkay Global Financial Services Ltd.