Mr. Satwalekar was the Managing Director and CEO of HDFC Standard Life Insurance Company Limited from November 2000 till November 2008 and prior to this, he was the Managing Director of HDFC Limited from 1993 - 2000. Mr. Satwalekar obtained a Bachelor's Degree in Technology from the Indian Institute of Technology, Bombay and a Master's Degree in Business Administration from The American University, Washington DC.

He is also on the board of other companies.