Mrs. Renu Karnad was appointed to our Board of Directors on September 21, 2012 as an independent Director. She had joined Housing Development Finance Corporation Limited (HDFC Ltd) in 1978 and is currently serving as the Managing Director of HDFC Ltd. She is also a Director on several other Boards, including BOSCH Limited and AKZO Nobel India Limited. In her current role, Mrs. Karnad is responsible for strategy, budget, product development and distribution for all India lending operations. She is highly involved in policy planning with regard to the housing industry in India. Over the years, Mrs. Karnad has had to her credit, numerous awards and accolades such as "Outstanding Woman Business Leader" at the CNBC-TV18 Indian Business Leader Awards (IBLA) 2012. She was also a part of Business Today power list 2011 Magazine’s 25 MOST INFLUENTIAL WOMEN PROFESSIONALS IN INDIA and was honoured by IMC Ladies’ wing for outstanding contribution by a woman in the field of Banking and Financial Services, 2011. Mrs. Karnad is a law graduate from the University of Mumbai and holds a Masters degree in Economics from the University of Delhi. She has also been a Parvin Fellow at Princeton University’s Woodrow Wilson School of International Affairs.