Vibha Padalkar Reappointed As CEO & MD Of HDFC Life Insurance; Niraj Shah Reappointed As CFO & ED
Vibha Padalkar has been reappointed as Chief Executive Officer and Managing Director (CEO & MD) of HDFC Life Insurance Company Limited for a further term of five (5) years with effect from September 12, 2026.
Further, Niraj Shah has been reappointed as Chief Financial Officer and Executive Director (CFO & ED) of the company for a further term of five (5) years with effect from April 26, 2026.
Vibha Padalkar joined the company in 2008 and assumed her current role in 2018. Earlier, she served as CFO & ED and played a role in the company’s 2017 listing. Under her leadership, HDFC Life’s individual weighted received premium market share rose from 7.5% in FY2018 to 11.1% in FY2025, while assets under management crossed Rs 3 trillion in June 2024. She also led the company’s acquisition of Exide Life Insurance, the first M&A transaction in India’s life insurance sector. Padalkar is a member of ICAEW and ICAI and serves on the Executive Committee of the Life Insurance Council. She has received recognition from ICAI, ET Prime, Fortune India, Business Today and other institutions.
Niraj Shah has been associated with HDFC Life since February 2019, where he oversees finance, product development and process excellence. He has over 20 years of experience in financial services, with expertise spanning life insurance, corporate finance advisory and audit. Before joining HDFC Life, he held roles at PNB MetLife, ICICI Prudential Life, EY and BNP Paribas. Niraj holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore, and is a member of the Institute of Chartered Accountants of India.




