Paresh Parasnis, HDFC Standard Life Insurance Company's principal officer and executive director spoke to Shilpy Sinha & Sidhartha about the company's strategy.
Deepak Satwalekar, managing director and CEO, HDFC Standard Life Insurance, confirmed that the company would be hitting the capital market very soon. Satwalekar said that the company was planning an IPO and its nitty gritty was yet to be sorted out.
Infosys Technologies has announced the appointment of Deepak Satwalekar, managing director & CEO of HDFC- Standard Life Insurance, as the lead independent director in line with the company's commitment to good corporate governance practices.
HDFC Standard Life Insurance has posted a 65 per cent growth in premium income at Rs 66 crore (Rs 660 million) during the first half of this fiscal, its CEO Deepak Satwalekar said on Tuesday.
HDFC Standard Life Insurance will hike its capital base by over Rs 80 crore (Rs 800 million) to about Rs 300 crore (Rs 3,000 million) this fiscal and targets to become the leading private player in the next five years.
HDFC Standard Life Insurance Company Ltd expects a first premium income of Rs 300 crore (Rs 3 billion) from individual policies, even as it plans to raise its capital base by Rs 75-80 crore (Rs 750-800 million) in the fiscal 2003-04.
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
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