Mumbai-headquartered private sector lender, IDFC First Bank Limited, announced the appointment of Mahendra Shah as Non-Executive Non-Independent Director on the company’s Board, with effect from August 30, 2023.
According to the company’s exchange filing, “the Board of Directors of the Bank has approved the appointment of Mr. Mahendra Shah (DIN: 00124629) as Additional Director in the category of Non-Executive Non-Independent Director of the Bank, for a period of One (1) year with effect from August 30, 2023, subject to approval of shareholders of the Bank.”
Mahendra N. Shah was the Group Company Secretary & Group Chief Compliance Officer of IDFC Bank Limited and had been the Group Head – Governance, Compliance & Secretarial and Senior Advisor- Taxation at IDFC Limited for more than two decades. In this role, Shah was responsible for Secretarial, Governance and Compliance functions for over 26 companies/entities of IDFC Group. Shah was the Company Secretary & Compliance Officer of IDFC Limited since May 24, 2019 and currently has been the Managing Director of IDFC Limited with effect from August 24, 2022.
Prior to joining IDFC in 2001, Shah worked with International Paper Limited for a period of six years as Director Finance and Company Secretary where he was in charge of finance function and regulatory compliances. Shah has worked as Head of Taxation in SKF Bearings India Limited where he was responsible for Direct and Indirect Taxation matters of the Company across India. He also worked for a short period with Pfizer Ltd as Finance Officer.
He completed his articleship training for CA with M/s. Bansi S. Mehta & Co, CA for 3 years. He is a qualified member of the Institute of Chartered Accountants of India (ICAI), the Institute of Cost & Management Accountants of India (ICWA) and the Institute of Company Secretaries of India (ICSI).
