Ms R S Karnad is a Non Executive Director of the company since August 2003. She is currently an Executive Director with Housing Development Finance Corporation Ltd, which she joined in 1978. Having been responsible for strategy, budget, product development and distribution for the all-India lending operations of HDFC, she carries rich experience in the field.

Born in September 1952, Ms Karnad is a Law Graduate from the University of Bombay and a Post Graduate in Economics from The Delhi School of Economics. She is a Director on the Board of various companies and also holds the Pravin Fellowship from Woodrow Wilson School of International Affairs, Princeton, USA.

Ms Karnad is a Member of the BTS Investment Advisory Committee advising the Swiss Tech Fund set up by the Government of Switzerland.