Mahendra Shah Appointed as Non-Executive Non-Independent Director of IDFC First Bank

IDFC First Bank announced the appointment of Mahendra Shah as Non-Executive Non-Independent Director with effect from 30th August 2023. Mahendra N. Shah was the Group Company Secretary and the Group Chief Compliance Officer of IDFC Bank Limited and had been the Group Head – Governance, Compliance & Secretarial and Senior Advisor of taxation at IDFC Limited for more than two decades. In this role, Shah was responsible for Secretarial, Governance and Compliance functions for over 26 companies of IDFC Group. Shah has been the Company Secretary & Compliance Officer of IDFC Limited since May 24, 2019, and currently is the Managing Director of IDFC Limited with effect from August 24, 2022. Prior to joining IDFC,  Shah worked with International Paper Limited for a period of six years as Director of Finance and Company Secretary where he was in charge of finance function and regulatory compliances. Shah has worked as Head of Taxation in SKF Bearings India Limited where he was responsible for Direct and Indirect Taxation matters of the Company across India. He also worked for a short period with Pfizer Ltd as Finance Officer. He is a qualified member of the Institute of Chartered Accountants of India (ICAI), the Institute of Cost & Management Accountants of India (ICWA) and the Institute of Company Secretaries of India (ICSI).