Board of Directors

Sunil Lalbhai

Executive Director and Promoter

Date of birth: March 15, 1960

Brief résumé: Sunil Lalbhai is the Chairman of the Board of the Company since August 2007 and Managing Director since June 1984. He is a Member of the Investment Committee and the Stakeholder’s Relationship Committee of the Board.

Mr Lalbhai is a Member of the Governing Council of Shree Vallabh Shikshan Ashram and a Trustee on the Board of BAIF Development Research Foundation. He has been nominated as the Chairman of DHRUVA and GRISERV, two trusts promoted by BAIF. He is a Trustee or a Member of some of the other social institutions established by Lalbhai Group.

Mr Lalbhai holds a Masters degree in Chemistry from the University of Massachusetts and a Masters degree in Economic Policy and Planning from Northeastern University.

Directorships in other companies
Public companies
Amal Ltd – Chairman
Atul Bioscience Ltd – Chairman
Atul Rajasthan Date Palms Ltd – Vice Chairman
Navin Fluorine International Ltd
Pfizer Ltd

Membership in committees of other companies
Chairman of Committee
Navin Fluorine International Ltd – Nomination and Remuneration Committee

Member of Committees
Amal Ltd – Nomination and Remuneration Committee
Navin Fluorine International Ltd – Audit Committee
Pfizer Ltd – Stakeholders’ Relationship Committee

Location: Mumbai and Atul

Samveg Lalbhai

Executive Director and Promoter

Date of birth: June 4, 1961

Brief résumé: Samveg Lalbhai is the Managing Director of the Company since December 2001 and a Director since January 2000.

Mr Lalbhai is actively associated with Ahmedabad Textile Mills Association, Ahmedabad Textile Industry’s Research Association, Gujarat Chamber of Commerce and Industry, Federation of Indian Chamber of Commerce and Industry and Indian Cotton Mills Federation.

Mr Lalbhai is also associated with some of the social institutions established by Lalbhai Group.

Mr Lalbhai holds a Bachelors degree in Commerce from Gujarat University.

Directorships in other companies
Public companies
Anup Engineering Ltd – Chairman
Bengal Tea and Fabrics Ltd

Private companies
Arvind Farms Pvt Ltd
Saumya Farms and Organic Products Private Ltd
Sneh Farms Pvt Ltd

Foreign companies
Arvind Overseas (M) Ltd
Arvind Worldwide (N) Ltd
Arvind Worldwide Inc USA

Membership in committees of other companies
Member of Committee
Bengal Tea and Fabrics Ltd – Remuneration Committee

Location: Ahmedabad

Gopi Kannan Thirukonda

CFO and Whole-time Director

Date of birth: March 30, 1959

Brief résumé: Gopi Kannan Thirukonda joined the Company in October 29, 1993 and he is a Whole-time Director of the Company since October 17, 2014.

Mr Thirukonda has 32 years of experience in various capacities and is currently the Chief Financial Officer.

Mr Thirukonda is a FCA, FCMA, FCS and holds a Post Graduate Diploma in Management.

Directorships in other companies
Public companies
Amal Ltd
Atul Bioscience Ltd
Atul Elkay Polymers Ltd – Chairman
Atul Finserv Ltd – Chairman
Atul Fin Resources Ltd
Atul Nivesh Ltd
Atul Rajasthan Date Palms Ltd
Rudolf Atul Chemicals Ltd

Foreign companies
Atul China Ltd – Chairman
Atul Deutschland GmbH – Chairman
Atul Europe Ltd – Chairman
Atul USA Inc – Chairman
DPD Ltd

Membership in committees of other companies
Member of Committees
Amal Ltd – Stakeholders’ Relationship Committee
Atul Bioscience Ltd – Audit Committee
Rudolf Atul Chemicals Ltd – Audit Committee
Rudolf Atul Chemicals Ltd – Corporate Social Responsibility Committee
Rudolf Atul Chemicals Ltd – Nomination and Remuneration Committee

Location: Mumbai

Bharathy Mohanan

President Utilities and Services and Whole-time Director

Date of birth: May 26, 1950

Brief résumé: Bharathy Mohanan joined the Company in August 29, 1992 and is a Whole-time Director since January, 2009.

Mr Mohanan has 45 years of experience in various capacities and is currently the President, Utilities and Services and the Occupier. He is also the Managing Director of Atul BioSpace Ltd and Atul Rajasthan Date Palms Ltd.

Mr Mohanan holds a Bachelor’s degree in Science (Engg hons) from the University of Calicut.

Directorships in other companies
Public companies
Aasthan Dates Ltd – Chairman
Atul BioSpace Ltd – Managing Director
Atul Clean Energy Ltd – Chairman
Atul Finserv Ltd
Atul Rajasthan Date Palms Ltd – Managing Director
Atul Seeds Ltd
BiyabanAgri Ltd – Chairman
Raja Dates Ltd – Chairman

Foreign companies
Atul Middle East FZ-LLC
DPD Ltd

Membership in committees of other companies
Member of Committees
Atul Rajasthan Date Palms Ltd – Nomination and Remuneration Committee

Location: Atul

Bansi Mehta

Non-executive Director

Date of birth: September 19, 1935

Brief résumé: Bansi Mehta is a Director of the Company since April 1992. He is a Member of the Audit Committee and Investment Committee of the Board.

Mr Mehta is a distinguished Chartered Accountant of India and Chief Mentor in Bansi S. Mehta & Co. since 2009.

Mr Mehta was the President of Institute of the Chartered Accountants of India for the year 1981-82.

Mr Mehta holds a degree in commerce and is a Fellow Member of Institute of Chartered Accountants of India.

Directorships in other companies
Public companies
Century Enka Ltd
Gillette India Ltd
Housing Development Finance Corporation Ltd
IL & FS Investment Managers Ltd
NSDL e-Governance Infrastructure Ltd
Pidilite Industries Ltd
Procter & Gamble Hygiene and Health Care Ltd
Sasken Communication Technologies Ltd

Private companies
ThyssenKrupp Industrial Solutions (India) Pvt Ltd

Foreign companies
Jumboworld Holdings Ltd

Membership in committees of other companies
Chairman of Committees
IL & FS Investment Managers Ltd- Audit Committee
Pidilite Industries Ltd – Audit Committee
Sasken Communication Technologies Ltd – Audit Committee

Member of Committees
Century Enka Ltd – Audit Committee
Century Enka Ltd – Corporate Social Responsibility
Century Enka Ltd – Nomination and Remuneration Committee
Gillette India Ltd – Audit Committee
Housing Development Finance Corporation Ltd – Audit Committee
Housing Development Finance Corporation Ltd – Nomination and Remuneration Committee
IL & FS Investment Managers Ltd- Corporate Social Responsibility Committee
IL & FS Investment Managers Ltd- Nomination and Remuneration Committee
NSDL e-Governance Infrastructure Ltd – Audit Committee
NSDL e-Governance Infrastructure Ltd – Corporate Social Responsibility Committee
NSDL e-Governance Infrastructure Ltd – Nomination and Remuneration Committee
Procter & Gamble Hygiene and Health Care Ltd- Audit Committee
Pidilite Industries Ltd – Nomination and Remuneration Committee
Pidilite Industries Ltd – Risk Management Committee

Location: Mumbai

Rajendra Shah

Non-executive Director

Date of birth: July 07, 1931

Brief résumé: Rajendra Shah was appointed as a Director of the Company in May 1983.

Mr Shah is a Senior Partner of Crawford Bayley & Co., a firm of Solicitors and Advocates.

Mr Shah holds a degree in Law from University of Mumbai and has passed Solicitor exam from the Honourable High Court at Mumbai.

Directorships in other companies
Public companies
Abbott India Ltd
BASF India Ltd
Colgate Palmolive India Ltd – Vice Chairman
Deepak Fertilisers and Petrochemicals Corporation Ltd
Godfrey Philips India Ltd – Chairman
Lupin Ltd
Pfizer Ltd – Chairman
Procter & Gamble Hygiene and Health Care Ltd- Chairman
The Bombay Dyeing and Manufacturing Company Ltd

Private companies
ThyssenKrupp Industrial Solutions (India) Pvt Ltd

Foreign companies
Jumbo World Holdings Ltd (Body incorporated outside India)

Membership in committees of other companies
Chairman of Committees
Colgate Palmolive India Ltd – Audit Committee
Colgate Palmolive India Ltd – Nomination and Remuneration Committee
Godfrey Philips India Ltd – Corporate Social Responsibility Committee
Pfizer Ltd – Audit Committee
Procter & Gamble Hygiene and Health Care Ltd- Audit Committee
Abbott India Ltd – Audit Committee

Member of Committees
Abbott India Ltd – Audit Committee
Abbott India Ltd – Nomination and Remuneration Committee
Abbott India Ltd – Stakeholders Relationship Committee
BASF India Ltd – Audit Committee
BASF India Ltd – Nomination and Remuneration Committee
Godfrey Philips India Ltd – Audit Committee
Godfrey Philips India Ltd – Nomination and Remuneration Committee
Lupin Ltd – Nomination and Remuneration Committee
Pfizer Ltd – Nomination and Remuneration Committee
The Bombay Dyeing and Manufacturing Company Ltd- Audit Committee
The Bombay Dyeing and Manufacturing Company Ltd- Nomination and Remuneration Committee.

Location: Mumbai

Dr Satguru Baijal

Non-executive and Independent Director

Date of birth: September 06, 1929

Brief résumé: Satguru Baijal is a Director of the Company since June 1984. He is the Chairman of the Audit Committee and a Member of the Investment Committee and Nomination and Remuneration Committee of the Board.

Mr Baijal was the Chairman and CEO of ICI India Ltd from 1983 to 1987.

Mr Baijal holds a PhD degree in Organic Chemistry from Allahabad University.

Directorships in other companies
Public companies
BMG Enterprises Ltd
Rossell India Ltd

Private companies
Bramco India Pvt Ltd
Delhi Guest Houses Pvt Ltd
Scrap Mould India Pvt Ltd

Membership in committees of other companies
Chairman of Committees
Rossell India Ltd – Audit Committee

Member of Committees
BMG Enterprises Ltd – Remuneration Committee
Rossell India Ltd – Remuneration Committee

Location: Noida

Hasmukh Shah

Non-executive and Independent Director

Date of birth: October 4, 1934

Brief résumé: Hasmukh Shah is a Director of the Company since October 1992. He is the Chairman of the Remuneration Committee of the Board.

Mr Shah is associated with several academic, research, social, cultural and rural development institutes.

Mr Shah was the Chairman of Indian Petrochemicals Corporation Ltd from 1987 to 1992.

Mr Shah holds Masters degree in Arts from Gujarat University.

Directorships in other companies
Public companies
Sun Pharmaceutical Industries Ltd

Membership in committees of other companies
Chairman of Committees
Sun Pharmaceutical Industries Ltd – Stakeholders’ Relationship Committee

Member of Committees
Sun Pharmaceutical Industries Ltd – Audit Committee
Sun Pharmaceutical Industries Ltd – Committee of Directors (Allotment)

Location: Vadodara

Susim Datta

Non-executive and Independent Director

Date of birth: July 01, 1936

Brief résumé: Susim Datta is a Director of the Company since October 2002. He is a Member of the Investment Committee of the Board.

Mr Datta was the Chairman of Hindustan Unilever Ltd as well as of all Unilever Group companies in India and Nepal from 1990 to 1996.

Mr Datta is the Chairman of Administrative Staff College of India. He is also associated with various other renowned institutes.

Mr Datta holds a post graduate degree in Science and Technology from the University of Calcutta. He is a Chartered Engineer; Honorary Fellow – All India Management Association, Fellow – Indian Institute of Chemical Engineers, Member – Society of Chemical Industry (London) and Fellow – The Institution of Engineers (India).

Directorships in other companies
Public companies
Bhoruka Power Corporation Ltd
Castrol India Ltd – Chairman
IL & FS Investment Managers Ltd- – Chairman
Peerless Financial Products Distribution Ltd
Peerless General Finance & Investment Company Ltd – Chairman
Philips India Ltd – Chairman
Rabo India Finance Ltd
Speciality Restaurants Ltd – Chairman
Transport Corporation of India Ltd – Chairman

Private companies
Chandras Chemical Enterprises Pvt Ltd
SMD Management Consultants Pvt Ltd

Membership in committees of other companies
Chairman of Committees
Bhoruka Power Corporation Ltd – Audit Committee
Castrol India Ltd – Shareholders’ | Investors’ Grievances Committee
IL & FS Investment Managers Ltd – Corporate Social Responsibility Committee
Rabo India Finance Ltd – Nomination and Remuneration Committee
Rabo India Finance Ltd – Corporate Social Responsibility Committee

Member of Committees
Castrol India Ltd – Audit Committee
Castrol India Ltd – Nomination and Remuneration Committee
IL & FS Investment Managers Ltd – Audit Committee
IL & FS Investment Managers Ltd – Shareholders’ | Investors’ Grievances Committee
IL & FS Investment Managers Ltd – Compensation Committee
Peerless General Finance & Investment Company Ltd – Audit Committee
Peerless General Finance & Investment Company Ltd – Nomination and Remuneration Committee
Peerless Financial Products Distribution Ltd – Audit Committee
Rabo India Finance Ltd – Audit Committee
Transport Corporation of India Ltd – Audit Committee
Transport Corporation of India Ltd – Nomination and Remuneration Committee
Speciality Restaurants Ltd – Stakeholders’ Relationship Committee

Location: Mumbai

Srinivasa Rangan

Non-executive and Independent Director

Date of birth: February 13, 1960

Brief résumé: Srinivasa Rangan is a Director of the Company since July 2010. He is a Member of the Audit Committee of the Board.

Mr Rangan is an Executive Director of Housing Development Finance Corporation Ltd (HDFC); he has been working with HDFC since 1986.

Mr Rangan holds a Bachelor’s degree in Commerce and is an Associate Member of Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India.

Directorships in other companies
Public companies
Cholamandalam Investment & Finance Company Ltd
HDFC Developers Ltd
HDFC Investments Ltd
HDFC Property Ventures Ltd
HDFC Trustee Company Ltd
Housing Development Finance Corporation Ltd
TVS Credit Services Ltd

Private companies
Computer Age Management Services Pvt Ltd
HDFC Credila Financial Services Pvt Ltd
HDFC Education & Development Services Pvt Ltd
True North Corporate Pvt Ltd

Membership in committees of other companies
Chairman of Committee
Cholamandalam Investment & Finance Company Ltd – Risk Management Committee
Cholamandalam Investment & Finance Company Ltd – Nomination and Remuneration Committee
HDFC Credila Financial Services Pvt Ltd – Allotment Committee
HDFC Credila Financial Services Pvt Ltd – Asset Liability Management Committee
HDFC Credila Financial Services Pvt Ltd – Risk Management Committee
HDFC Property Ventures Ltd – Corporate Responsibility Committee

Member of Committees
Cholamandalam Investment & Finance Company Ltd – Audit Committee
Computer Age Management Services Pvt Ltd – Investment Review Committee
Computer Age Management Services Pvt Ltd – New Business and Pricing Committee
Computer Age Management Services Pvt Ltd – Nomination and Remuneration Committee
HDFC Credila Financial Services Pvt Ltd – Corporate Responsibility Committee
HDFC Credila Financial Services Pvt Ltd – Nomination and Remuneration Committee
HDFC Education & Development Services Pvt Ltd – Allotment Committee
HDFC Education & Development Services Pvt Ltd – Audit Committee
HDFC Education & Development Services Pvt Ltd – Allotment Committee – Debt Securities
HDFC Investments Ltd – Audit Committee
HDFC Investments Ltd – Nomination and Remuneration Committee
HDFC Investments Ltd – Risk Management Committee
HDFC Property Ventures Ltd – Audit Committee
HDFC Trustee Company Ltd – Audit Committee
HDFC Trustee Company Ltd – Customer Service Committee
HDFC Trustee Company Ltd – Risk Management Committee
Housing Development Finance Corporation Ltd – Stakeholders’ Relationship Committee
Housing Development Finance Corporation Ltd – Corporate Responsibility Committee
Housing Development Finance Corporation Ltd – Risk Management Committee
TVS Credit Services Ltd – Audit Committee

Location: Mumbai

Mukund Chitale

Non-executive and Independent Director

Date of birth: November 16, 1949

Brief résumé: Mukund Chitale is a Director of the Company since October 2014.

Mr Chitale is a founder of the Chartered Accountancy firm, Mukund M Chitale & Co. He has 44 years of experience on advising companies on their business, financial and strategic matters and is acknowledged as an expert in accounting and auditing matters in India.

Mr Chitale was the President of the Institute of Chartered Accountants of India and the Chairman of the erstwhile National Advisory Committee on Accounting Standards. He has served on various committees set up by the Central Vigilance Commission, the Government of India, the International Federation of Accountants, the Reserve Bank of India and the Securities Exchange Board of India.

Mr Chitale is connected with various reputed social and educational organisations.

Mr Chitale is a FCA.

Directorships in other companies
Public companies
ASREC (India) Ltd
Essel Propack Ltd
Itz Cash Card Ltd
Larsen & Toubro Ltd
Larsen & Toubro Infotech Ltd
ONGC Petro Additions Ltd
Ram Ratna Wires Ltd

Private companies
Lodha Developers Pvt Ltd
Principal PNB Asset Management Company Pvt Ltd – Chairman

Membership in committees of other companies
Chairman of Committees
ASREC (India) Ltd – Nomination and Remuneration Committee
Essel Propack Ltd – Audit Committee
Itz Cash Card Ltd – Audit Committee
Itz Cash Card Ltd – Nomination and Remuneration Committee
Larsen & Toubro Ltd – Audit Committee
Larsen & Toubro Infotech Ltd – Audit Committee

Member of Committees
ASREC (India) Ltd – Audit Committee
ASREC (India) Ltd – Corporate Social Responsibility Committee
Essel Propack Ltd – Nomination and Remuneration Committee
Essel Propack Ltd – Corporate Social Responsibility Committee
Larsen & Toubro Infotech Ltd – Nomination and Remuneration Committee
ONGC Petro Additions Ltd – Audit Committee
ONGC Petro Additions Ltd – Nomination and Remuneration Committee
Principal PNB Asset Management Company Pvt Ltd – Audit Committee
Ram Ratna Wires Ltd – Audit Committee
Ram Ratna Wires Ltd – Nomination and Remuneration Committee

Location: Mumbai

Shubhalakshmi Panse

Non-executive and Independent Director

Date of birth: January 28, 1954

Brief résumé: Shubhalakshmi Panse is a Director of the Board since March 2015.

Ms Panse has 40 years of experience in the field of banking and has worked in various positions in the Banking industry, the last being as the Chairperson and Managing Director of Allahabad Bank Ltd.

Ms Panse is the Chairperson of Quality Review Board of Indian Institute of Actuaries and a Member of P J Nayak Committee on Corporate Governance set up by the Reserve Bank of India.

Ms Panse holds a Masters degree in Science from Pune University, Masters degree in Business Administration from Drexel University and is a certified Associate of Indian Institute of Bankers.

Directorships in other companies
Public companies
Cholamandalam MS General Insurance Company Ltd
IL&FS Financial Services Ltd
L&T Infrastructure Development Projects Ltd
Sudarshan Chemical Industries Ltd
The Federal Bank Ltd

Private companies
Catalyst Asset Reconstruction Pvt Ltd
Utkarsh Microfinance Pvt. Ltd

Membership in committees of other companies
Chairman of Committees
Cholamandalam MS General Insurance Company Ltd – Nomination and Remuneration Committee
IL&FS Financial Services Ltd – Corporate Social Responsibility Committee
Utkarsh Microfinance Company Ltd – Corporate Social Responsibility Committee
Utkarsh Microfinance Company Ltd – Nomination and Corporate Governance Committee

Member of Committees
Cholamandalam MS General Insurance Company Ltd – Audit Committee
IL&FS Financial Services Ltd – Audit Committee
IL&FS Financial Services Ltd – Nomination and Remuneration Committee
L&T Infrastructure Development Projects Ltd – Nomination and Remuneration Committee
The Federal Bank Ltd – Audit Committee
Utkarsh Microfinance Company Ltd – High Level Project Management Committee
Utkarsh Microfinance Company Ltd – Risk Management Committee

Location: Pune

Baldev Arora

Non-executive and Independent Director

Date of birth: June 03, 1944

Brief résumé: Baldev Arora is a Director of the Board since April 2015.

Mr Arora has 44 years of experience with leading multinational companies in India and abroad in Agrochemicals, Biologics, Infant Nutrition and Pharmaceuticals Businesses.

Mr Arora held several senior positions including Chairman, Cyanamid Agro Ltd, Managing Director, Cyanamid India Ltd, Chairman and Managing Director, Wyeth – Lederle Ltd, Regional President – Asia, Pfizer Nutrition, Regional President – Asia and Pacific RIM, Nestle S A, Chairman, PT Wyeth Nutrition Indonesia and Board Member, Wyeth Philippines Inc.

He was also a Member of the Board of Directors of Asia Pacific Infant and Young Child Nutrition Association, Singapore, Chairman of the American Business Council, Mumbai and Vice President of Organisation of Pharmaceuticals Producers of India.

Mr Arora holds a Bachelor’s degree in Mechanical Engineering from Punjab Engineering College and has undergone several programs at Asian Institute of Management, Philippines, Michigan Business School, Harvard Business School and London Business School.

Directorships in other companies
Public companies
Wockhardt Ltd

Membership in committees of other companies
Member of Committees
Wockhardt Ltd – Audit Committee
Wockhardt Ltd – Stakeholders’ Relationship Committee

Location: Mumbai

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