Meet Harsh Kumar Bhanwala, an IIM alumnus set to assume the role of director at HDFC Bank

New Delhi: Many CEOs working abroad in top positions in tech giants like Google and Microsoft are alumni of IITs and IIMs. Harsh Kumar Bhanwala, an alumnus of IIM Ahmedabad is one of the people who is shining in the world of business. He served as the Chairman of NABARD from December 2013 to May 2020. His valuable work experience has helped him earn top positions in companies worth thousand of crores. Early next year he will be appointed as an additional independent director in HDFC Bank. The bank has a market capitalization of Rs 11,62,000 crore. 

Harsh Kumar Bhanwala’s background

Harsh Kumar Bhanwala’s appointment as an Independent Director is awaiting the approval of shareholders. As per reports, his appointment will be effective from 25 January 2024 to 24 January 2027. He currently holds the position of non-executive chairman at Multi Commodity Exchange of India Limited (MCX). In the past, Harsh Kumar has served as the Chairman and MD of IIFCL. He is also a board member of IIM Rohtak and Bayer Crop Science Limited. 

Decades of work experience

Harsh Kumar Bhanwala earned a degree in Dairy Technology from the National Dairy Research Institute (NDRI). He also holds a PhD in Management. He also chaired SEBI’s Social Stock Exchange (SSE-TG) Technical Group and has contributed to various committees of regulatory authorities in the government. 

NABARD’s assets

During Harsh Kumar Bhanwala’s tenure at NABARD, the organization’s assets increased from Rs 254,574 crore to Rs 487,500 crore. He believes that it is important for a company or an organization to actively add value to the assets while contributing to the society. It is important to stay relevant with this fast-paced world, and technology plays a vital role in the growth of any organization.

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