Mr. Keki Mistry, CEO of HDFC shares his views on the Indian economy and its potential

Mr. Keki Mistry, CEO of HDFC shares his views on the Indian economy and its potential

“When the intent is right the next automatically follows”, said Mr. Mistry in his optimistic outlook towards the Indian economy.

Mr. Mistry addressed the students of FLAME University on 25th February 2017. He provided some insights on the different policies in the housing sector and also gave his views on demonetization and what he thinks will be its benefits in the long run. He also commented on the potential of the Indian economy going forward.

A Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), Mr. Keki Mistry brings with him over three decades of varied work experience in the Banking and Financial Services domain. In 1981, Mr. Mistry joined HDFC Ltd. India's premier housing finance company. Over the years he held several responsibilities, prior to being inducted onto its Board as Executive Director in 1993. He was appointed as the Managing Director in 2000, as the Vice Chairman and Managing Director in October 2007 and the Vice-Chairman and Chief Executive Officer of the Corporation with effect from January 1, 2010. Mr. Mistry is responsible for the overall functioning of the revered company.

Some of Mr. Mistry's recent recognitions include, being awarded BMA Management Man of the Year 2016 by Bombay Management Association, 'Best Independent Director Award 2014' by Asian Centre for Corporate Governance & Sustainability, Best CEO Financial Services (Large Companies) 2014 by Business Today magazine, CFO India Hall of Fame by the CFO India magazine in 2012, One of the Best CEO’s for Investor Relations – India at the Thomson Reuters “Extel Awards” – 2012, Best Banker of the Year in 2011 by Financial Express, the QIMPRO Gold Standard 2011 – Leader for Quality in Business award by the Qimpro Foundation, honored with the ‘CA Business Achiever of the year’ award in the Financial Sector by the Institute of Chartered Accountants of India (ICAI) in 2011, declared as the Best CFO in the Financial Services category by the ICAI in 2008, CNBC TV18's award for the 'Best Performing CFO in the Financial Services Sector' for three consecutive years - 2006, 2007 and 2008, and selected as the Best Investor Relations Officer in the Corporate Governance poll by Asia money in 2008.

In spite of having so many accolades by his side, Mr. Mistry very humbly and simply explained some of the policies of the government that will benefit Indians and help our growth. He provided statistics supporting his optimism. He said that India is the second fastest growing economy after China. It will only grow further because of various factors like: young population, growing middle class, rising urbanization, rising disposable incomes, under penetration of financial products, young entrepreneurs, etc. Soon our young working population will outnumber the retirees. Considering all the above factors, the Indian economy has its best days ahead.

Mr. Mistry also answered all questions with patience and clarity. It was great to have him on our campus addressing students and encouraging them to be positive and optimistic about the future of India.