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DHFL Inducts Vijaya Sampath, Reputed Legal Professional, on its Board

Aug 27, 2014   17:00 IST 
Mumbai, Maharashtra, India

Dewan Housing Finance Corporation Limited (DHFL), India's second largest private housing finance Company, today announced the induction of Ms. Vijaya Sampath as a Non-Executive Independent Director on its Board. Ms Sampath will be the first woman director on the DHFL Board.

Ms. Sampath is a reputed senior legal professional with over thirty years of corporate and legal experience. She has worked both as a Partner in a law firm and as an in-house Legal Counsel and Company Secretary for large Indian corporations like the Bharti Group and Indian Aluminium Company Ltd. She has also served on the Boards of several Companies in the Bharti Group (including Bharti Infratel Ltd, Bharti AXA General Insurance Co Ltd).

Mr. Kapil Wadhawan, Chairman & Managing Director of DHFL expressed his delight on the appointment and said, “I am pleased to welcome Ms. Vijaya Sampath on our Board. She brings rich expertise and experience in the Legal and Governance space. That will be crucial to DHFL in its quest to create significant shareholder value through ambitious growth plans. I keenly look forward to her contribution to the DHFL Board.”

Ms. Vijaya Sampath said, “I see considerable synergy amongst my experience, my passion and DHFL’s focus on serving India's Low & Middle Income (LMI) customers. I look forward to playing a significant role on the DHFL Board as the Company gears up towards becoming a Financial Services Conglomerate. “

Ms Sampath currently heads the corporate practice for the law firm Lakshmikumaran Sridharan. She is also the Ombudsperson for the Bharti Group. In her role as the Group General Counsel and Company Secretary at Bharti Enterprises, she played a key role in managing legal matters related to strategic initiatives like international M&As, contracts, litigation, financing and regulatory matters. She has dealt with several large and complex transactions, including the Zain deal a major complex transaction in the Indian telecom sector. She also managed the legal and compliance elements of all the joint ventures that the Bharti Group got into, including the Bharti-Wal-Mart, Vodafone and AXA deals.

Ms Sampath holds degrees in Literature and Law. She is also a fellow member of the Institute of Company Secretaries of India. She has attended the Advanced Management Program at Harvard Business School and the Strategic Alliances Program at Wharton, USA.

About DHFL:

Dewan Housing Finance Corporation Limited (DHFL), is a 30-year old listed Company (BSE Code 511072, NSE Code: DHFL), that focuses on providing financial access to the lower and middle income (LMI) segments of the society. DHFL’s Asset under Management is Rs. 44822 cr, Gross Income is Rs. 4,970 crore, and Net Profit is Rs. 529 crore (FY 2013-14 data). DHFL enjoys AAA credit rating (given by CARE).

DHFL was founded in 1984 by Late Mr. Rajesh Kumar Wadhawan with a vision to provide financial access to the Lower and Middle Income (LMI) segment of the society. Today, led by Mr. Kapil Wadhawan,DHFL is India’s second largest housing finance company in the private sector with presence across over 450 locations in India and representative offices in the UK and the UAE. DHFL has enabled financial inclusion of hundreds of thousands of LMI Customers by providing them home loan products, insurance services and unique fixed deposit schemes tailor-made to suit their needs.


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