Corporate Governance

HDFC Plc had been at the forefront of housing loan market with cost leadership at its inception in 2004 offering low-cost mortgage loans with repayment periods up to twenty years. However, the Government of Maldives is currently addressing social housing issues through HDFC Plc. and available multilateral lines of credit from International Agencies will be utilized to finance the demand for housing from the middle and wider income segments to ensure commercial viability and sustained growth of the organization. In addition to this homegrown long term savings deposits targeting the future housing needs of minors will also for part of the sourcing of long-term funds.

New initiatives and renewed thinking shall guild us on the correct path towards realizing our vision to provide decent and affordable homes in a safe and healthy environment, and progress to uplift the living standards of living for all Maldivians by becoming a National Development Bank.

Board of Directors

Ms. Renu Sud Karnad (Chairperson) - HDFC India
Mr. Conrad D'Souza - HDFC India
Mr. Subrata Dutta Gupta - IFC
Mr. Sanjaya Gupta - ADB
Ms. Christine Engstorm - ADB
Ms. Raheema Saleem - GOM
Mr. Ismail Ali Manik - GOM

Alternate Directors

Mr. Conrad D'Souza - HDFC India
Ms. Christine Engstrom - ADB
Ms. Fareeha Shareef - GOM
Ms. Fathmath Muaza - GOM

Managing Director

Dr. A.D.Priyanka Baddevithana

Company Secretary

Mr. Adam Athif