Intergrated Annual Report 2023-24
Our Company governance structure is multi-tiered, comprising the Board of Directors, Board Committees, CEO and the Management Committee.
The Board is responsible for and committed to the principles of corporate governance in our Company. It discharges some of its responsibilities directly and others through the Board Committees. In addition to the Board Committees, the Board is supported by the CEO and Executive Directors.
| Audit Committee | Corporate Social Responsibility Committee | Investment Committee | Nomination and Remuneration Committee | Risk Management Committee | Stakeholders Relationship Committee |
Board oversight
Management Accountability
Members of Audit Committee and
Nomination and Remuneration Committee are Independent Directors
Committees are led by Independent Directors
Audit Committee
Nomination and Remuneration Committee
Corporate Social Responsibility Committee
Risk Management Committee
Investment Committee
Stakeholders Relationship Committee
Chairperson
Member
Mr Sunil Lalbhai is a Managing Director since June 1984 and the Chairman of the Company since August 2007. Mr Lalbhai holds a postgraduate degree in Chemistry from the University of Massachusetts and a postgraduate degree in Economic Policy and Planning from Northeastern University.
Mr Samveg Lalbhai is a Director of the Company since January 2000 and a Managing Director of the Company since December 2000.
Mr Lalbhai holds a graduate degree in Commerce from Gujarat University.
Mr Bharathy Mohanan joined the Company in August 1992 and is a Whole-time Director since January 2009. He is currently the President, Utilities and Services and the Occupier of the Company.
Mr Mohanan holds a graduate degree in Engineering (Honours) from the University of Calicut.
Mr Gopi Kannan Thirukonda joined the Company in October 1993 and is a Whole-time Director since October 2014. He is currently the Chief Financial Officer of the Company.
Mr Thirukonda holds a graduate degree in Science from the University of Madras and a postgraduate diploma in management from the Indian Institute of Management, Ahmedabad. He is a Member of the Institute of Chartered Accountants of India, the Institute of Cost and Management Accountants of India and the Institute of Company Secretaries of India.
Mr Susim Datta was a Director of the Company from October 2002 to March 2024. He was the Chairman of Hindustan Unilever Ltd as well as all Unilever Group companies in India and Nepal from 1990 to 1996.
Mr Datta holds a postgraduate degree in Science and Technology from the University of Calcutta and is a Chartered Engineer
Mr Mukund Chitale is a Director of the Company since October 2014. He is a founder of the Chartered Accountancy firm, Mukund M Chitale & Co.
Mr Chitale holds a graduate degree in Commerce from the University of Mumbai and is a Member of the Institute of Chartered Accountants of India.
Ms Shubhalakshmi Panse is a Director of the Company since March 2015. She was the Chairperson and Managing Director of Allahabad Bank Ltd.
Ms Panse holds a postgraduate degree in Science from Savitribai Phule Pune University and a postgraduate degree in Business Administration from Drexel University and is a certified Associate of the Indian Institute of Bankers.
Mr Baldev Arora is a Director of the Company since April 2015. He was the Chairman of Cyanamid Agro Ltd and the Chairman and Managing Director of Wyeth Lederle Ltd.
Mr Arora holds a graduate degree in Mechanical Engineering from Panjab University.
Mr Pradeep Banerjee is a Director of the Company since May 2022. He was an Executive Director on the Board of Hindustan Unilever Ltd (HUL), the Managing Director of a joint venture entity of HUL in the Netherlands and the Chairman of a joint venture entity in Nepal. He is a senior advisor to Boston Consulting Group and a Designated Partner in Pradeep Banerjee Associates LLP.
Mr Banerjee holds a graduate degree in Chemical Engineering from Indian Institute of Technology, Delhi.
Mr Rangaswamy Iyer is a Director of the Company since May 2023. He was the Finance Director and Managing Director of Cyanamid and Wyeth India Ltd. Currently, he advises Lincoln International, USA, and consults multiple firms on business strategy and development.
Mr Iyer holds a postgraduate degree in Commerce and a postgraduate degree in Financial Management from the University of Mumbai.
Mr Sharadchandra Abhyankar is a Director of the Company since October 2023. He is a Senior Partner at Khaitan & Co and is engaged with the NSE Center of Excellence, UPES School of Law, Government Law College, Mumbai, and the Department of Law at Mumbai University.
Mr Abhyankar holds a graduate degree in Arts (Economics and Commerce) and a postgraduate degree in Law from the University of Mumbai and is a member of The Bombay Incorporated Law Society.
Mr Sujal Shah is a Director of the Company since October 2023. He is a Founding Partner at SSPA & Co. He contributed to drafting valuation standards for the Institute of Chartered Accountants of India and has authored numerous valuation-related papers.
Mr Shah holds a graduate degree in Commerce from the University of Mumbai and is a Member of the Institute of Chartered Accountants of India.
Mr Praveen Kadle is a Director of the Company since May 2024. He is the Managing Director of Prachetas Capital Pvt Ltd and a Non-executive Director of Tata International Ltd. He has held various senior positions in Tata Group.
Mr Kadle holds a graduate degree in Commerce from the University of Mumbai. He is a Member of the Institute of Chartered Accountants of India, the Institute of Cost and Management Accountants of India and the Institute of Company Secretaries of India.