Appointment of Independent Director

AXIS/CO/CS/177/2020-21

22^nd July 2020

REF:      REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015. 

Dear Sir(s),

SUB.:    APPOINTMENT OF SMT. MEENA GANESH AS AN INDEPENDENT DIRECTOR OF AXIS BANK LIMITED.

This is to inform you that the Board of Directors of the Bank has, at its meeting held today approved the appointment of Smt. Meena Ganesh as an Additional Independent Director of the Bank, with effect from 1^st August 2020 and to hold office as such upto the date of the 27^th Annual General Meeting of the Bank, in terms of Sections 149, 152 and 161 of the Companies Act, 2013 read with the Rules made thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The first term of Smt. Meena Ganesh as an Independent Director of the Bank, shall be for a period of 4 years with effect from 1^st August 2020 up to 31^st July 2024 (both days inclusive). During her tenure as an Independent Director of the Bank, Smt. Meena Ganesh shall not be liable to retire by rotation, in terms of Section 149(13) of the Companies Act, 2013.

The brief profile of Smt. Meena Ganesh is enclosed herewith as Annexure A.

Further, please note that Smt. Meena Ganesh is not related to any other Directors or Key Managerial Personnel of the Bank. Smt. Meena Ganesh is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

Encl: as above

Annexure A

Smt. Meena Ganesh, 56 years is a PGDM holder from IIM Calcutta and has a graduate degree in Physics from the Madras University. In 2011, she was conferred the 'Distinguished Alumnus' award by IIM Calcutta.

As the MD & CEO, Smt. Meena Ganesh heads Portea Medical (www.portea.com), India's largest and fastest growing home healthcare company, which she co-founded in July 2013. The Company has 4500+ employees and operations across 16 cities in India, and brings in-home to patients, the full range of geriatric, chronic, post-operative care as well as allied healthcare services.

Till February 2013, Smt. Meena Ganesh was a promoter and board member of TutorVista and CEO and MD of Pearson Education Services, acquired by Pearson, the world's top education services company, for $ 213 MM in what was one of the largest deals in the Indian education sector.

As a partner of the platform, Growthstory.in, she is also co-promoter of nearly a dozen, new-age Internet/ Technology enabled start-ups. A few of them that are leaders in their category include Bigbasket.com - India's premier e-grocery retailer, home solutions company - Home Lane, food tech company, FreshMenu and Bluestone.com - India's leading online jeweller.

Earlier, Smt. Meena Ganesh set up the Tesco Hindustan Service Center, Tesco's outsourced IT services and analytics operation in India, and served as the CEO.

Before joining Tesco' Smt. Meena Ganesh co-founded one of India's pioneering BPO companies - Customer Asset, which she sold to ICICI OneSource. Smt. Meena Ganesh also had a five year stint with Microsoft India' during which she set up multiple business units including Microsoft Consulting' Internet and Application Development/Business services units. During the initial 11 years of her career, Smt. Meena Ganesh was with PricewaterhouseCoopers and with NIIT.

Smt. Meena Ganesh serves on the Board of Pfizer India, P&G Limited, Manipal Cigna as well as is on the Board of Governors of the Indian Institute of Management-Calcutta.