Mahendra N Shah was the group company secretary & group chief compliance officer of IDFC First Bank and has been the group head - governance, compliance & secretarial and senior advisor of taxation at IDFC for more than a decade.

IDFC is a financial services company in India and it advances infrastructure development in the country.

The company reported a net profit of Rs 167.5 crore as against a net loss of Rs 4.01 crore in Q1 FY23 over Q1 FY22. Total income zoomed to Rs 174.75 crore in Q1 FY23 from Rs 0.95 crore in Q1 FY22.