Everything About Sashidhar Jagdishan: Salary, Net Worth, Investments and More

Sashidhar Jagdishan is a successful Indian corporate leader and business executive who hold the positions of the Managing Director and CEO of HDFC Bank, one of the leading names in the private sector banks in India. He has been serving the positions since 2020 after the retirement of Aditya Puri. 

Puri held these positions for over 26 years, and Sashidhar’s appointments reflect his capabilities and an exceptional understanding of Indian banking systems. In 2023, Jagdishan was among the highest-paid Bank CEOs in India, with an increase of over 62% in his annual compensation. 

Being the CEO of India’s largest private bank, you will be surprised to know Sashidhar Jagdishan’s salary and net worth in 2024. So, if you follow Sashidhar Jagdishan and are inspired by his career, this detailed biography of his career and personal life will uncover some interesting facts about him. 

Who is Sashidhar Jagdishan?

Sashidhar Jagdishan is an Indian businessman and the CEO of HDFC Bank Ltd. He was born in Mumbai, India, and spent most of his childhood in Matunga. 

Sashidhar Jagdishan’s education includes attending Bon Bosco High School and then completing a bachelor’s degree in science (physics) at Mumbai University. 

At the same time, he also completed a Chartered Accounting course to become a qualified Chartered Accountant. Later, Jagdishan enrolled at the University of Sheffield in the United Kingdom to earn a Master’s degree in the Economics of Money, Banking, and Finance. 

Quick Facts About Sashidhar Jagdishan

Sashidhar Jagdishan’s Net Worth in 2024

Sashidhar Jagdishan, the CEO and Managing Director of HDFC Bank, has a net worth of around ₹65.83 crore in 2024 ($7.75 million). His annual salary is ₹10.77 crore, which includes a basic salary of ₹2.94 crore and allowances worth ₹3.32 crore.

Besides his salary, he also holds a significant number of HDFC Bank shares, which adds to his wealth. He is known for his strategic investments in various sectors, including finance and technology. His stock portfolio includes 133,200 units of HDFC Bank Ltd. shares. 

Sashidhar Jagdishan’s Salary in 2024

Sashidhar Jagdishan is among the highest-paid CEOs in the Indin banking sector. As the CEO and MD of HDFC Ltd, his annual compensation for FY 2023 was Rs 10.5 crore ($1.25 million in USD), and it increased by 62% in FY 23. 

His total compensation from HDFC includes a base salary of Rs 2.82 crore ($33,176.47), allowances and perquisites of Rs 3.31 crore ($38,941.18), a performance bonus of Rs 3.63 crore ($42,705.88) and a provident fund of Rs 33.92 lakh (39,870.59). 

Sashidhar Jagdishan’s Career at HDFC

Sashidhar Jagdishan has a remarkable career spanning over 30 years. He has spent 24 of those years at HDFC Bank, playing a key role in its development. He started at HDFC Bank in 1996 as a finance manager. His dedication and vision for the bank’s growth led to more important roles. In 1999, he became the Business Head of Finance, and in 2008, he was appointed as the Chief Financial Officer (CFO).

In 2019, Sashidhar took on the role of ‘Change Agent of the Bank,’ overseeing important areas like Legal and Secretarial, Human Resources, Corporate Communication, Infrastructure & Administration, and Corporate Social Responsibility (CSR). His vast experience has been crucial in shaping the bank’s strategies and ensuring its financial stability.

Before joining HDFC Bank, Sashidhar worked at Deutsche Bank, AG in Mumbai for three years.

Who is Sashidhar Jagdishan’s Wife?

Sashidhar Jagdishan is a well-known figure in the banking industry, especially for his role at HDFC Bank. However, there is very little information available about his personal life, including details about his wife. Sashidhar Jagdishan is married, but he has kept his family life private and away from the public eye.

Sashidhar Jagdishan’s Age, Height, Weight, and Physical Appearance

Sashidhar Jagdishan was born 1965, which makes him 59 years old as of 2024. Talking about his physical appearance, he has a height of approximately 5′ 9″ (172 cm) and a weight of around 70 kg (151 lbs). He has black hair, black eyes, and wears glasses. 

Astounding Facts About Sashidhar Jagdishan

• Sashidhar Jagdishan played a crucial role in HDFC Bank’s digital transformation. He was known as the “change agent” within the bank.
• Despite being a high-profile executive, he has no presence on social media platforms like Twitter or LinkedIn.
• Before joining HDFC Bank, he worked at Deutsche Bank, AG in Mumbai for three years.
• His colleagues affectionately call him “Sashi”.
• He started his journey at HDFC Bank as a manager in the finance department in 1996.
• He follows the Hindu religion and holds Indian nationality. He is married, but he keeps his personal life very private.
• He attended Don Bosco High School in Matunga, Mumbai, for his secondary education.
• In 2023, he was recognized as the highest-paid bank CEO in India, with a substantial increase of over 62% in his remuneration.
• He took over as CEO during the COVID-19 pandemic, a time when the economy was facing significant challenges.
• He is 5 feet 9 inches (172 cm) tall and weighs around 70 kg.

FAQs

What is the Salary of HDFC CEO?

Sashidhar Jagdishan earned an annual remuneration of ₹10.55 crore for the fiscal year 2023. This package included a basic salary of ₹2.82 crore, allowances and perquisites amounting to ₹3.31 crore, and a performance bonus of ₹3.63 crore1. His total earnings saw a significant increase from the previous year, making him the highest-paid bank CEO in India.

How do I Contact the CEO of HDFC Bank?

To contact Sashidhar Jagdishan, the CEO of HDFC Bank, you can reach out through the bank’s official communication channels. While direct contact details are not publicly available, you can send an email to the bank’s corporate office or use the contact form on the HDFC Bank website. Additionally, you can address your correspondence to the bank’s headquarters in Mumbai.

What is the Qualification of HDFC CEO?

Sashidhar Jagdishan holds a Bachelor’s degree in Science with a specialization in Physics from Mumbai University. Furthermore, he studied at the University of Sheffield in the United Kingdom to earn a Master’s degree in the Economics of Money, Banking, and Finance. 

What is the Education of Sashidhar Jagdishan?

Sashidhar Jagdishan’s educational background is quite impressive. He completed his bachelor’s degree in science with a specialization in physics at Mumbai University. He is also a Chartered Accountant, having qualified from the Institute of Chartered Accountants of India (ICAI). 

What is the Background of HDFC CEO?

Sashidhar Jagdishan has a rich background in banking and finance. He joined HDFC Bank Ltd in 1996 as a manager in the finance department and steadily rose through the ranks. Before becoming CEO, he served as the Chief Financial Officer and was known as the “Change Agent” of the bank. Prior to HDFC Bank, he worked at Deutsche Bank, AG in Mumbai.