Hetal is the President & Chief Operating Officer of Institutional Investor Advisory Services India Limited (IiAS), a SEBI-registered India-based proxy advisory firm. She is responsible overall business execution. IiAS publishes voting recommendations annually on over 1000 listed companies that aggregate over 96% of the total market capitalization on Indian exchanges. IiAS worked with International Finance Corporation (of the World Bank Group) and BSE Limited on the Indian Corporate Governance Scorecard, which assesses Indian companies on their corporate governance practices. IiAS is also the first domestic agency to develop an ESG scorecard and conducts assessments of companies on these parameters.  Hetal’s role also includes the oversight of the governance research published under IiAS’ ‘Institutional EYE’ sub-brand, and the development of IiAS’ data products (IiAS Adrian and IiAS ComPAYre) that enhance market participants’ understanding of best practices. 

Prior to joining IiAS, Hetal worked with CRISIL Limited – a Standard & Poor’s company, and India’s largest rating agency. During her 13 years at CRISIL, Hetal held positions across several verticals of the ratings business.  

Hetal is a Chartered Accountant and holds a management degree with a specialization in finance from NMIMS Mumbai, which was then affiliated to the Mumbai University.