Hetal Dalal

Hetal Dalal is the Chief Operating Officer of Institutional Investor Advisory Services India Limited (IiAS), a SEBI-registered India-based proxy advisory firm. She is responsible for overall business execution, which includes voting recommendations published annually by IiAS on almost 700 listed companies that aggregate about 95% of the total market capitalization on Indian exchanges. Her role includes the oversight of the governance research published under IiAS’ “Institutional EYE” sub-brand, and the development of IiAS’ Adrian and ComPAYre products. Hetal has also led IiAS’ efforts in working with IFC and BSE to develop the Indian Corporate Governance Scorecard.


Prior to joining IiAS, Hetal Dalal worked with CRISIL Limited – a Standard & Poor’s company, and India’s largest rating agency. During her 13 years at CRISIL, Dalal held positions across several verticals. She joined as an analyst in the corporate ratings business and then moved to be part of the founding team of CRISIL’s Global Analytical Centre, which provided offsite and onsite analytical support to Standard and Poor’s North American ratings team.