HDFC LIFE appoints Vibha Padalkar as MD & CEO for 3 years

The board of HDFC Standard Life appointed Vibha Padalkar, the executive director and Chief financial officer of HDFC Standard Life, as the Managing director and CEO.

After the exit of Amitabh Chaudhary, who joined Axis Bank on September 8, Padalkar, a board member of HDFC Life, was the front runner for the top job.

"It will be my constant endeavour to continue expanding the reach of life insurance and deepen the trust bestowed upon us by customers, partners, shareholders and other stakeholders," Padalkar was quoted as saying in a release Wednesday.


Before joining HDFC Life, she was associated with WNS Global Services, Colgate-Palmolive NSE 1.39 % (India ) and Pricewaterhousecoopers. Padalkar is a member of the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of India. Insiders said Padalkar has a nose for detail. She played a key role in the proposed merger with Max Life Insurance Company, which was called off, and in the subsequent listing of the company. HDFC Life is today the most valued life insurance company in the country, with market cap of Rs 90,704.54 crore.