Mumbai: HDFC Securities, a subsidiary of HDFC Bank, has announced a comprehensive organizational restructuring aimed at strengthening its market position and accelerating its next phase of growth.
The restructuring, effective April 1, 2026, underscores the company’s focus on innovation, operational excellence, and customer-centricity as it continues to evolve its offerings in India’s dynamic investment landscape.
As part of the reorganization, the company has announced key leadership changes across its business and strategy functions.
Ashish Rathi will take on the role of Head – Retail Business while continuing as Whole-time Director on the board. In this expanded capacity, he will oversee the entire branch engagement channel, including PBG/NRI desks, Growth Force, Distribution, and Customer Experience. A Chartered Accountant with over two decades of experience, Rathi has been with HDFC Securities since 2003 and most recently served as COO and Whole-time Director.
Varun Lohchab has been appointed Chief Research Officer – Equities and will lead equity research across client segments. An alumnus of IIM Calcutta and Delhi College of Engineering, Lohchab joined HDFC Securities in 2020 and previously held roles at Jefferies, Religare, CIMB, and Franklin Templeton. He earlier served as Head of Institutional Research.
Anand Mathur will assume additional responsibility for the Strategy portfolio alongside his current role as Chief Financial Officer. Mathur brings over 18 years of experience at HDFC Bank and joined HDFC Securities as CFO in March 2025.
Commenting on the announcement, Dhiraj Relli, MD & CEO, HDFC Securities Ltd., said, “Today, as we embark on this new chapter of organizational restructuring and leadership excellence, our unwavering focus remains on capturing greater market share through continuous innovation, passion, and dedication to our clients. We are leveraging the power of technology and stakeholder trust to lead India’s investment landscape into a future of growth, progress, and value creation. At HDFC Securities, we are committed to Powering India’s investments, fostering progress for our nation, and shaping a brighter financial future for every investor. Together, we aim for greater heights, delivering superior outcomes and redefining the future of investing in India.”
