HDFC Bank vs Humana: Founders, CEOs and History
HDFC Bank was founded in 1994 by Hasmukhbhai Parekh and is led by Sashidhar Jagdishan. Humana was founded in 1961 by Wendell Cherry, David A. Jones Sr. and is led by James A. (Jim) Rechtin.
Company facts
Founders
HDFC Bank
Hasmukhbhai Parekh
Hasmukhbhai Thakordas (H.T.) Parekh founded Housing Development Finance Corporation (HDFC) in 1977, at age 66, after a long career at ICICI.
Humana
Wendell Cherry
Wendell Cherry and his law-school classmate David A. Jones Sr. each put in about $1,000 to open the Heritage House nursing home in Louisville in 1961. The venture grew into Extendicare, the largest nursing home chain in the U.S., and went public in 1968.
David A. Jones Sr.
David A. Jones Sr. led Humana through each of its major pivots: from nursing homes (Extendicare) to hospitals in the 1970s, into health plans in the 1980s, and to a pure health benefits company after the 1993 spin-off of its hospitals as Galen Health Care.
CEOs and their tenures
HDFC Bank
- Aditya Puri1994–2020
Managing Director
Over 26 years as CEO, he built HDFC into India's largest and most highly valued private sector bank, maintaining pristine asset quality throughout multiple economic cycles.
Source - Sashidhar Jagdishan2020–present
Managing Director and Chief Executive Officer
Steered the bank through the RBI technology restrictions and the largest merger in Indian banking, while keeping gross NPAs near 1.2%.
Source - Atanu Chakraborty2021–2026
Part-time Chairman
Former Economic Affairs Secretary who chaired the board through the HDFC Ltd merger; resigned on March 18, 2026, citing ethical concerns. Keki Mistry served as interim chairman until Rajiv Kumar's appointment.
Source - Rajiv Kumar2026–present
Part-time Chairman
He managed the complex post-merger integration processes to ensure the massive combined loan book maintained strict asset quality.
Source
Humana
- Bruce Broussard2013–2024
Former Chief Executive Officer
Broussard led Humana from 2013 to 2024, growing Medicare Advantage membership, creating the CenterWell brand, and completing the 2021 Kindred at Home acquisition.
Source - James A. (Jim) Rechtin2024–present
President and Chief Executive Officer
Under Rechtin, Humana grew Medicare Advantage membership by more than 1 million for 2026 while planning exits covering about 600,000 members for 2027 to restore margins.
Source - Celeste Mellet2025–present
Chief Financial Officer
Appointed CFO in 2023, she manages the severe financial fallout resulting from the US government's unexpected cuts to Medicare Advantage reimbursement rates.
Source
Timeline: HDFC Bank and Humana side by side
1961Humana
Heritage House Opens
Lawyers David A. Jones Sr. and Wendell Cherry opened a nursing home in Louisville, the start of the company that became Humana.
1968Humana
Extendicare IPO
The nursing home company, then called Extendicare, went public and became the largest U.S. nursing home chain.
1974Humana
Renamed Humana
After shifting from nursing homes to hospitals, the company adopted the Humana name.
1993Humana
Hospitals Spun Off
Humana spun off its hospitals as Galen Health Care, leaving a pure health benefits company.
1994HDFC Bank
HDFC Bank Incorporated
HDFC Bank is incorporated as one of India's new private-sector banks.
1995HDFC Bank
Banking Operations Begin
The bank begins operations and builds a private-sector banking franchise.
2000HDFC Bank
Times Bank Merger
HDFC Bank merges with Times Bank, one of its early scale-building deals.
2012Humana
Acquired Arcadian Management Services
Humana acquired Arcadian Management Services. Humana acquired Arcadian, a Medicare Advantage plan operator, to add membership in several states.
2017Humana
Aetna Merger Blocked
A federal judge blocked Aetna's roughly $37 billion acquisition of Humana; Aetna paid Humana a $1 billion breakup fee.
2020HDFC Bank
Sashidhar Jagdishan Becomes CEO
Sashidhar Jagdishan succeeds Aditya Puri as managing director and CEO in October 2020.
2021Humana
Full Ownership of Kindred at Home
Humana bought the 60% of Kindred at Home it did not already own, later rebranding the home health business under CenterWell.
2023HDFC Bank
HDFC Ltd Merger Completed
HDFC Bank completes the merger with parent HDFC Ltd, creating a much larger banking balance sheet.
2024Humana
Jim Rechtin Becomes CEO
Jim Rechtin, who joined as President and COO in January 2024, succeeded Bruce Broussard as CEO in July 2024.
2025Humana
$129.7B FY2025 Revenue
Humana reported $129.66B in revenue and $1.19B in net income, and completed its exit from employer-group commercial medical coverage.
2026HDFC Bank
FY2025-26 Net Revenues Reach INR 1,91,218.60 Crore
HDFC Bank reports ~$22.2 billion (INR 1,91,218.60 crore) in net revenues and ~$8.66 billion (INR 74,671.30 crore) in profit after tax.
2026HDFC Bank
Rajiv Kumar Becomes Chairman
After Atanu Chakraborty resigned in March 2026, the RBI approved Rajiv Kumar as part-time chairman effective July 15, 2026.
2026Humana
Medicare Advantage Surge and 2027 Pullback
Humana added more than 1 million MA members for 2026, reported Q2 revenue of $40.89B, and said it will exit plans covering about 600,000 members for 2027.
Acquisitions
HDFC Bank
- HDFC Ltd. (Reverse Merger)2023Undisclosed
- Centurion Bank of Punjab2008Undisclosed
Questions about HDFC Bank vs Humana
Who is the CEO of HDFC Bank Limited and Humana Inc.?
HDFC Bank Limited is led by Sashidhar Jagdishan and Humana Inc. is led by James A. (Jim) Rechtin. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was HDFC Bank Limited founded vs Humana Inc.?
Humana Inc. was founded in 1961 — 33 years before HDFC Bank Limited, which was founded in 1994. Humana Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger HDFC Bank Limited.
How many employees does HDFC Bank Limited have compared to Humana Inc.?
HDFC Bank Limited employs approximately 211,178 people, while Humana Inc. employs approximately 67,600. HDFC Bank Limited has the larger workforce at 211,178 employees, compared to Humana Inc.'s 67,600. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are HDFC Bank Limited and Humana Inc. headquartered?
HDFC Bank Limited is headquartered in India and Humana Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded HDFC Bank Limited and Humana Inc.?
HDFC Bank Limited was founded by Hasmukhbhai Parekh. Humana Inc. was founded by Wendell Cherry, David A. Jones Sr..
Which company has a longer operating history — HDFC Bank Limited or Humana Inc.?
Humana Inc. has been operating for approximately 65 years, making it the more established of the two companies. HDFC Bank Limited has been in operation for around 32 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the HDFC Bank vs Humana overview