Aditya Puri

Ex-managing director of HDFC Bank

Aditya Puri
Aditya Puri
Born
Gurdaspur, Punjab
CitizenshipIndian
OccupationAdvisor and Director
OrganizationCarlyle Group and Strides Group
ChildrenAmrita Puri, Amit Puri

Aditya Puri is a senior advisor at The Carlyle Group. He was the managing director of HDFC Bank, India's largest private sector bank.[1][2] He assumed this position in September 1994.[3] Puri was the longest-serving head of any private bank in the country.[4] India Today ranked him at #24 in India's 50 Most Powerful People of 2017 list.[5]

Biography

Aditya Puri was born in Gurdaspur District (Punjab) and studied at Punjab University, Chandigarh, gaining a bachelor's degree in Commerce. He qualified as a Chartered Accountant with the Institute of Chartered Accountants of India.

Career

He has worked in the banking sector for 40 years, in India and other countries. He became CEO of Citibank, Malaysia in 1992. In September 1994 he returned to India as managing director of HDFC Bank.[1][6]

He presided over HDFC's acquisitions of Times Bank Limited in 2000 and of Centurion Bank of Punjab in 2010.[1][7]

In August 2019 he was reported to be the most highly paid CEO of any Indian bank with a monthly salary of ₹89 lakh (US$110,000).[8]

He officially stepped down from his position in HDFC Bank on 26 October 2020. Sashidhar Jagdishan took charge as the chief executive officer (CEO) of HDFC Bank from 27 October 2020.[9] In January 2021, he joined the biopharma company Strides Group as Advisor and will also serve as a Director of its associate company, Stelis Biopharma.[10][11] He recently joined Deloitte India as a Senior advisor in 4th October 2023.

Awards and honours

2020

  • Induction in Chartered Accountants Hall of Fame [1]

2019

  • QIMPRO Platinum Standard Awards 2019 - National Statesman for Quality in Business [2]
  • "Corporate and Philanthropic leadership Award" by American Indian Foundation[12]
  • "AIMA - JRD TATA Corporate Leadership Award" by the AIMA.[13]

2018

  • Barron's Top 30 Global CEOs[14]
  • Named one of the "Best CEOs in the World" by the CEOWORLD magazine.[15]

2016

  • The only Indian to feature in Fortune's Businessperson of the Year list.[16][17]
  • Best CEO: Institutional Investor All-Asia Executive Team ranking 2016[18]
  • Outstanding Business Leader of the year-CNBC-TV18 India Business Leader Awards (IBLA) 2015-16[18]
  • FE Lifetime Achievement Award from Financial Express[18][19]
  • Barron's World's Top 30 CEOs[18][20]

2015

  • Best CEO Award - Business Today[18]
  • Business Leader of the Year - AIMA Managing India Awards 2015[18]
  • World's 30 Best CEOs - Barron's[18]
  • Best CEO- Finance Asia poll on Asia's Best Companies 2015[18]

2013

  • Best Executive in India - Asiamoney[18]
  • Banker of the Year 2013 - Business Standard[18]
  • Best CEO - Institutional Investor[18]
  • Top Achiever - Sunday Standard Best Banker Awards[18]
  • Best Executive in India - Asia Money 2013Best Banker - FE[18]

2008

  • CNN-IBN Indian Businessman of the Year 2008[21]

Personal life

He is the father of actress Amrita Puri and son Amit Puri.[22] He is cousin of Bharat Puri MD of Pidilite Industries and Ex CMD of Cadbury India.

References

  1. ^ a b c "Profiles of Directors". HDFC Bank. Retrieved 19 September 2014.
  2. ^ "HDFC Bank on the Forbes Asia's Fab 50 Companies List". Forbes. 28 August 2013. Retrieved 29 November 2013.
  3. ^ "HDFC tops Forbes' list of best Indian banks, SBI not even in top 10". businesstoday.in. Retrieved 27 June 2019.
  4. ^ Raghunathan, Anu (22 July 2015). "HDFC Bank's Aditya Puri Has Created India's Most Valuable Bank". Forbes. Retrieved 9 December 2016.
  5. ^ "India's 50 powerful people". India Today. 14 April 2017.
  6. ^ Shukla, Saloni. "Succession plan for HDFC Bank in place, says Aditya Puri". The Economic Times. Retrieved 9 December 2016.
  7. ^ "CBoP and Times Bank Amalgamation". HDFC Bank. Archived from the original on 13 September 2014. Retrieved 19 September 2014.
  8. ^ "Aditya Puri remains top-paid bank CEO". The Economic Times. 14 August 2019.
  9. ^ Ray, Anulekha (17 October 2020). "Meet Sashidhar Jagdishan, new CEO of HDFC Bank who will take charge this month". mint. Retrieved 22 December 2020.
  10. ^ "Aditya Puri, former MD of HDFC Bank, joins Strides Group as advisor". @businessline. Retrieved 24 March 2021.
  11. ^ "Former HDFC Bank MD Aditya Puri joins biopharma company Strides as advisor". www.businesstoday.in. Retrieved 24 March 2021.
  12. ^ IANS (26 April 2019). "American India Foundation honours Dell CEO, HDFC MD". Business Standard India. Retrieved 29 June 2019.
  13. ^ "Awards AIMA Jrd Tata Corporate Leadership Award | AIMA". aima.in. Archived from the original on 25 December 2018. Retrieved 26 June 2019.
  14. ^ Verma, Swati (29 May 2018). "HDFC Bank's Aditya Puri features in Barron's list of top 30 global CEOs". The Economic Times. Retrieved 30 June 2019.
  15. ^ "Best CEOs in the World For 2020: Most Influential Chief Executives > CEOWORLD magazine". 16 May 2020.
  16. ^ "HDFC Bank's Aditya Puri only Indian on Fortune's top bizmen list". Hindustan Times. 18 November 2016. Retrieved 26 March 2020.
  17. ^ "Ajita Rajendra and HDFC Bank MD Aditya Puri make it to Fortune list". Retrieved 30 November 2016.
  18. ^ a b c d e f g h i j k l m "Awards-HDFC Bank official website". Retrieved 30 November 2016.
  19. ^ "Aditya Puri conferred 'Lifetime Achievement Award' by The Financial Express" (PDF). HDFCBank.com. Retrieved 11 September 2016.
  20. ^ "HDFC Bank MD Aditya Puri once asked a young manager 'bata laddoo kidhar hai' – Anand Mahindra's interesting anecdote at FE Best Banks Awards". The Financial Express. Retrieved 9 December 2016.
  21. ^ "CNN-IBN Indian of the Year 2008". News18. 3 February 2009. Retrieved 1 July 2019.
  22. ^ Gupta, Priya (19 March 2013). "I survived because I am headstrong like my father: Amrita Puri". The Times of India. Retrieved 7 May 2018.