Categories: Appointments

IDFC named Mahendra Shah as MD & CEO effective from October 1

The IDFC Ltd board has approved the appointment of Mahendra N Shah as managing director-designate of the company with effect from October 1, 2022, till September 30, 2023, subject to the approval of the shareholders. The term of Sunil Kakar as managing director & CEO of the company will end on 30 September 2022. Mahendra N Shah was the group company secretary & group chief compliance officer of IDFC First Bank and has been the group head of governance, compliance & secretarial and senior advisor of taxation at IDFC for more than a decade.

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Prior to joining IDFC in 2001, Shah has also worked with International Paper Limited for a period of six years as Director of Finance and Company Secretary, where he was in charge of the finance function and regulatory compliances.

Important takeaways for all competitive exams:

IDFC Ltd Headquarters: Mumbai;
IDFC Ltd CEO: V. Vaidyanathan (19 Dec 2018–);
IDFC Ltd Founded: October 2015.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.