BSECompany Update6d ago · 4 Aug 2026, 07:34 pm
Changes in Senior Management Personnel
HDFC Asset Management Company Ltd · 541729
✦ AI SummaryMgmt Change
HDFC Asset Management Company Ltd announced changes in senior management personnel, with Mr. V. Suresh Babu resigning as Head - Operations and Senior Management Personnel, and his responsibilities being reallocated to Mr. Sameer Seksaria and Mr. Naozad Sirwalla.
Analysis Scores
Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
HDFC Asset Management Company Ltd - 541729 - Announcement under Regulation 30 (LODR)-Change in Management
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Ref/No/HDFCAMC/SE/2026-27/37 Date – August 04, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot C/1, Block G, Sir PJ Towers,
Bandra Kurla Complex, Bandra (East), Dalal Street,
Mumbai – 400051 Mumbai – 400001
Kind Attn: Head – Listing Department Kind Attn: Sr. General
Manager – DCS Listing Department
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 – Changes in Senior
Management Personnel of the Company
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘Listing Regulations’), we hereby inform that
Mr. V. Suresh Babu, Head – Operations and one of the Senior Management Personnel
(‘SMP’) of the Company, who was otherwise due for superannuation in June 2027,
has requested for early retirement from corporate career to pursue personal interests
and has tendered his resignation on July 31, 2026. The same has been accepted by
the Company.
The Board, based on the recommendations of the Nomination and Remuneration
Committee, has today i.e. August 04, 2026, noted the resignation and has approved
reallocation of his role and responsibilities to Mr. Sameer Seksaria – Head – Client
Services and Mr. Naozad Sirwalla, Chief Financial Officer, the existing SMPs of the
Company, as detailed in Annexure A, in addition to their existing role and
responsibilities.
Mr. Suresh Babu has been associated with the Company for last 26 years since its
inception stage. In addition to heading the Operations team, he also oversees the
Information Technology and Administration functions of the Company and serves as
the Non-Executive Director on the Board of the Company’s Wholly Owned Subsidiary
in Gandhinagar, Gujarat, namely HDFC AMC International (IFSC) Limited.
The Company places on record its sincere appreciation for the valuable contribution
made by Mr. Suresh Babu during his long association with the Company and wish him
well for future.
HDFC Asset Management Company Limited
CIN: L65991MH1999PLC123027
Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020
Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com
The disclosure as required under Regulation 30 of Listing Regulations read with SEBI
Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30,
2026, is enclosed herewith as Annexure A and a copy of Mr. Suresh Babu’s
resignation letter is enclosed herewith as Annexure B.
This is for your information and records.
Thanking you,
Yours faithfully,
For HDFC Asset Management Company Limited
Sonali Chandak
Company Secretary
Encl.: a/a
HDFC Asset Management Company Limited
CIN: L65991MH1999PLC123027
Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020
Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com
Annexure A
Sr. Particulars Mr. V. Suresh Babu Mr. Sameer Seksaria Mr. Naozad Sirwalla
No. Head – Operations Head – Client Services Chief Financial Officer
and Senior and Senior and Senior
Management Management Management
Personnel Personnel Personnel
a) Reason for Resignation Will be responsible for Will be responsible for
change Operations and Administration function in
Information Technology addition to his existing
functions in addition to role and responsibilities
his existing role and
responsibilities and be
re-designated as
Head – Operations
b) Date of Last working day with With effect from October With effect from October
cessation / the Company shall be 01, 2026 01, 2026
date of September 30, 2026
appointment
c) Brief profile Not Applicable Mr. Sameer Seksaria Mr. Naozad Sirwalla has
(in case of has been associated been associated with the
appointment) with the Company since Company since
December 2021 as the December 2021 as the
‘Head - Corporate Client ‘Chief Financial Officer’.
Services’. Prior to Prior to joining the
joining the Company, Company, Mr. Sirwalla
Mr. Seksaria was the was the Chief Financial
‘Director & Officer at Lupa Systems
Head – India Operations Investment Advisors
& Services’ at Franklin Private Limited.
Templeton AMC.
Mr. Sirwalla has over 30
Mr. Seksaria has over years of rich and diverse
28 years of rich and professional experience
diverse professional spanning consulting,
experience spanning banking, non-banking
asset management, financial companies
insurance, and (NBFCs), and investment
engineering sectors and advisory and has held
has held leadership senior leadership
roles in operations, positions, including Chief
client servicing, and Financial Officer and
business Chief Operating Officer,
transformation, with a across leading
strong focus on process organizations such as
excellence and Kotak Mahindra Bank,
stakeholder Kotak Investment
HDFC Asset Management Company Limited
CIN: L65991MH1999PLC123027
Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020
Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com
management across Advisors Limited, KKR
leading organizations India Advisors Private
such as Reliance Limited and o3 Capital
Nippon Life Insurance, Global Advisory Private
MetLife India Insurance Limited.
Company and Aditya
Birla Management Mr. Sirwalla is a qualified
Corporation. Chartered Accountant
(AIR 29) and a qualified
Mr. Seksaria is a Company Secretary.
Chartered Financial
Analyst and holds a
Post Graduate Diploma
in Management (PGDM)
from the Indian Institute
of Management,
Bangalore. He also
holds a Bachelor of
Engineering (B.E.)
degree from Jadavpur
University, Kolkata.
d) Disclosure of Not Applicable
relationships
between
directors (in
case of
appointment
of a director)
HDFC Asset Management Company Limited
CIN: L65991MH1999PLC123027
Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020
Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.com email: shareholders.relations@hdfcfund.com