Board & Board Committees

The composition of Board of Directors of the Corporation and its Committees are in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

Board of Directors

Details of the Board of Directors of the Corporation as on date are as under:

Sr. No. Name of Director Category
1 Mr. Deepak S. Parekh
Mr. Deepak S. Parekh

Mr. Deepak S. Parekh,

Chairman of the Corporation is a Fellow of the Institute of Chartered Accountants (England & Wales). Mr. Parekh joined the Corporation in a senior management position in 1978. He was inducted as a whole-time director of the Corporation in 1985 as the Managing Director (designated as 'Chairman') of the Corporation in 1993 and continued to be appointed as such from time to time. He retired as the Managing Director (designated as 'Chairman') of the Corporation with effect from the close of business hours on December 31, 2009. Mr. Parekh has been appointed as an Additional Director of the Corporation with effect from January 1, 2010. The shareholders of the Corporation at the 33rd Annual General Meeting held on Wednesday, July 14, 2010, appointed Mr. Deepak S. Parekh as a Director liable to retire by rotation. Mr. Parekh continues to be the Chairman of the Corporation.

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Chairman
2 Mr. B. S. Mehta
Mr. B. S. Mehta

Mr. B. S. Mehta

is a graduate in commerce and a Fellow of the Institute of Chartered Accountants of India. Mr. Mehta is an accountant in practice dealing with taxation, accountancy and valuation of mergers and acquisitions. He is a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1988. He is also a member of the Compensation Committee and Audit Committee of Directors.

Independent Director
3 Mr. D. M. Sukthankar
Mr. D. M. Sukthankar

Mr. D. M. Sukthankar

was an officer of the Indian Administrative Services and was Secretary, Ministry of Urban Development, Government of India and later Chief Secretary to the Government of Maharashtra. Mr. Sukthankar is recognised as an expert urban developer and has been associated with the housing sector for a number of years. He has been a director of the Corporation since 1989.

Non-Executive Director
4 Mr. D. N. Ghosh
Mr. D. N. Ghosh

Mr. D. N. Ghosh

holds a Master’s degree in economics. He was the former chairman of the State Bank of India. He is currently the chairman of ICRA Limited and a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1989. He is also a member of the Audit Committee of Directors.

Independent Director
5 Dr. S. A. Dave
Dr. S. A. Dave

Dr. S. A. Dave

is a Doctorate of economics and holds a Master’s degree in economics from the University of Rochester. Dr. Dave was the former chairman of the Securities and Exchange Board of India and the Unit Trust of India. Dr. Dave is currently the chairman of the Centre for Monitoring Indian Economy and a director on the boards of many prominent companies in India. He has been a director of the Corporation since 1990. He is also the Chairman of the Audit Committee of Directors.

Independent Director
6 Mr. N. M. Munjee
Mr. N. M. Munjee

Mr. N. M. Munjee

holds a Master’s degree in economics from the London School of Economics. He is currently the chairman of Development Credit Bank Limited. He is also a director on the boards of many companies and is deeply interested in development and infrastructure issues. He was earlier the executive director of the Corporation and had been working with the Corporation from 1978 to 1998.

Independent Director
7 Dr. Bimal Jalan
Dr. Bimal Jalan

Dr. Bimal Jalan

is a nominated Member of Parliament (Rajya Sabha) and former Governor of the Reserve Bank. He has previously held several positions in the Government including those of Finance Secretary and Chairman of the Economic Advisory Council to Prime Minister. He has also been associated with a number of public institutions, and is at present Chairman of the Public Interest Foundation, Delhi. He has been appointed as a director of the Corporation with effect from April 30, 2008.

Independent Director
8 Dr. J.  J. Irani
Dr. J. J. Irani

Dr. J.  J. Irani

holds a Doctorate from University of Sheffield, U.K. He also holds a Master’s degree in science from Nagpur University and M.Met from University of Sheffield, U.K. Queen Elizabeth II conferre on him honorary Knighthood(KBE) for his contribution to Indo-British Trade & Co-operation. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in the country. He is a director on the boards of several prominent companies in India. He has been appointed as a special director of the Corporation with effect from January 18, 2008 and resigned as such w.e.f. from March 19, 2012. The Board of Directors of the Corporation at its meeting held on March 19, 2012 appointed Dr. Irani as an additional director of the Corporation under Section 260 of the Companies Act, 1956.

Independent Director
9 Mr.   V.  Srinivasa Rangan
Mr.V.Srinivasa  Rangan

Mr.  V. Srinivasa Rangan

Executive Director, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. Mr. Rangan joined the Corporation in 1986 and has served in Delhi and was the Senior General Manager - Corporate Planning & Finance at Head Office since 2000. Mr. Rangan has been appointed as the Executive Director of the Corporation for a period of 5 years with effect from January 1, 2010. He is also a member of the Investors’ Grievance Committee of Directors with effect from May 4, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation.

Executive Director
10 Ms. Renu Sud Karnad
Ms. Renu Sud Karnad

Ms. Renu Sud Karnad

Managing Director of the Corporation, is a graduate in law from the University of Mumbai and holds a Master's degree in economics from the University of Delhi. She is a Parvin Fellow - Woodrow Wilson School of International Affairs, Princeton University, U.S.A. She has been employed with the Corporation since 1978 and was appointed as the Executive Director of the Corporation in 2000 and was re-designated as the Joint Managing Director of the Corporation in October 2007. She has been appointed as the Managing Director of the Corporation for a period of 5 years with effect from January 1, 2010. She is responsible for the Operations, Human Resources and Communications functions of the Corporation.

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Managing Director
11 Mr. Keki. M. Mistry
Mr. Keki. M. Mistry

Mr. Keki. M. Mistry

Vice Chairman & Chief Executive Officer of the Corporation, is a Fellow of the Institute of Chartered Accountants of India. He has been employed with the Corporation since 1981 and was appointed as the executive director of the Corporation in 1993. He was appointed as the Deputy Managing Director in 1999, as the Managing Director in 2000, and re-designated as the Vice Chairman & Managing Director of the Corporation in October 2007. He has been re-designated as the Vice-Chairman & Chief Executive Officer of the Corporation with effect from January 1, 2010. He is responsible for the overall functioning of the Corporation.

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Vice Chairman & Chief Executive Officer

Mr. D.M. Sukthankar is a non-executive director in terms of the criteria laid under Section 149 of the Companies Act, 2013 and Rules made there under.

Audit Committee

Sr. No. Name of Director Category
1 Dr. S. A. Dave (Chairman)
Dr. S. A. Dave

Dr. S. A. Dave

is a Doctorate of economics and holds a Master’s degree in economics from the University of Rochester. Dr. Dave was the former chairman of the Securities and Exchange Board of India and the Unit Trust of India. Dr. Dave is currently the chairman of the Centre for Monitoring Indian Economy and a director on the boards of many prominent companies in India. He has been a director of the Corporation since 1990. He is also the Chairman of the Audit Committee of Directors.

Independent Director
2 Mr. Bansi. S. Mehta
Mr. B. S. Mehta

Mr. B. S. Mehta

is a graduate in commerce and a Fellow of the Institute of Chartered Accountants of India. Mr. Mehta is an accountant in practice dealing with taxation, accountancy and valuation of mergers and acquisitions. He is a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1988. He is also a member of the Compensation Committee and Audit Committee of Directors.

Independent Director
3 Mr. D. N. Ghosh
Mr. D. N. Ghosh

Mr. D. N. Ghosh

holds a Master’s degree in economics. He was the former chairman of the State Bank of India. He is currently the chairman of ICRA Limited and a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1989. He is also a member of the Audit Committee of Directors.

Independent Director

NOMINATION & REMUNERATION COMMITTEE

Sr. No. Name of Director Category
1 Mr. Bansi. S. Mehta (Chairman)
Mr. B. S. Mehta

Mr. B. S. Mehta

is a graduate in commerce and a Fellow of the Institute of Chartered Accountants of India. Mr. Mehta is an accountant in practice dealing with taxation, accountancy and valuation of mergers and acquisitions. He is a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1988. He is also a member of the Compensation Committee and Audit Committee of Directors.

Independent Director
2 Mr. N. M. Munjee
Mr. N. M. Munjee

Mr. N. M. Munjee

holds a Master’s degree in economics from the London School of Economics. He is currently the chairman of Development Credit Bank Limited. He is also a director on the boards of many companies and is deeply interested in development and infrastructure issues. He was earlier the executive director of the Corporation and had been working with the Corporation from 1978 to 1998.

Independent Director
3 Dr. J. J. Irani
Dr. J. J. Irani

Dr. J. J. Irani

holds a Doctorate from University of Sheffield, U.K. He also holds a Master’s degree in science from Nagpur University and M.Met from University of Sheffield, U.K. Queen Elizabeth II conferre on him honorary Knighthood(KBE) for his contribution to Indo-British Trade & Co-operation. The President of India conferred on him the award of Padma Bhushan in 2007 for his services to trade and industry in the country. He is a director on the boards of several prominent companies in India. He has been appointed as a special director of the Corporation with effect from January 18, 2008 and resigned as such w.e.f. from March 19, 2012. The Board of Directors of the Corporation at its meeting held on March 19, 2012 appointed Dr. Irani as an additional director of the Corporation under Section 260 of the Companies Act, 1956.

Independent Director

STAKEHOLDERS RELATIONSHIP COMMITTEE

Sr. No. Name of Director Category
1 Dr. S. A. Dave (Chairman)
Dr. S. A. Dave

Dr. S. A. Dave

is a Doctorate of economics and holds a Master’s degree in economics from the University of Rochester. Dr. Dave was the former chairman of the Securities and Exchange Board of India and the Unit Trust of India. Dr. Dave is currently the chairman of the Centre for Monitoring Indian Economy and a director on the boards of many prominent companies in India. He has been a director of the Corporation since 1990. He is also the Chairman of the Audit Committee of Directors.

Independent Director
2 Mr. D. M. Sukthankar
Mr. D. M. Sukthankar

Mr. D. M. Sukthankar

was an officer of the Indian Administrative Services and was Secretary, Ministry of Urban Development, Government of India and later Chief Secretary to the Government of Maharashtra. Mr. Sukthankar is recognised as an expert urban developer and has been associated with the housing sector for a number of years. He has been a director of the Corporation since 1989.

Non-Executive Director
3 Mr.V.Srinivasa Rangan
Mr.V.Srinivasa  Rangan

Mr.V.Srinivasa Rangan

Executive Director, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. Mr. Rangan joined the Corporation in 1986 and has served in Delhi and was the Senior General Manager - Corporate Planning & Finance at Head Office since 2000. Mr. Rangan has been appointed as the Executive Director of the Corporation for a period of 5 years with effect from January 1, 2010. He is also a member of the Investors’ Grievance Committee of Directors with effect from May 4, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation.

Executive Director

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

Sr. No. Name of Director Category
1 Mr. Deepak S. Parekh
Mr. Deepak S. Parekh

Mr. Deepak S. Parekh,

Chairman of the Corporation is a Fellow of the Institute of Chartered Accountants (England & Wales). Mr. Parekh joined the Corporation in a senior management position in 1978. He was inducted as a whole-time director of the Corporation in 1985 as the Managing Director (designated as 'Chairman') of the Corporation in 1993 and continued to be appointed as such from time to time. He retired as the Managing Director (designated as 'Chairman') of the Corporation with effect from the close of business hours on December 31, 2009. Mr. Parekh has been appointed as an Additional Director of the Corporation with effect from January 1, 2010. The shareholders of the Corporation at the 33rd Annual General Meeting held on Wednesday, July 14, 2010, appointed Mr. Deepak S. Parekh as a Director liable to retire by rotation. Mr. Parekh continues to be the Chairman of the Corporation.

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Chairman
2 Mr. D. N. Ghosh
Mr. D. N. Ghosh

Mr. D. N. Ghosh

holds a Master’s degree in economics. He was the former chairman of the State Bank of India. He is currently the chairman of ICRA Limited and a director on the boards of several prominent companies in India. He has been a director of the Corporation since 1989. He is also a member of the Audit Committee of Directors.

Independent Director
3 Mr. Keki. M. Mistry
Mr. Keki. M. Mistry

Mr. Keki. M. Mistry

Vice Chairman & Chief Executive Officer of the Corporation, is a Fellow of the Institute of Chartered Accountants of India. He has been employed with the Corporation since 1981 and was appointed as the executive director of the Corporation in 1993. He was appointed as the Deputy Managing Director in 1999, as the Managing Director in 2000, and re-designated as the Vice Chairman & Managing Director of the Corporation in October 2007. He has been re-designated as the Vice-Chairman & Chief Executive Officer of the Corporation with effect from January 1, 2010. He is responsible for the overall functioning of the Corporation.

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Vice Chairman & Chief Executive Officer
4 Ms. Renu Sud Karnad
Ms. Renu Sud Karnad

Ms. Renu Sud Karnad

Managing Director of the Corporation, is a graduate in law from the University of Mumbai and holds a Master's degree in economics from the University of Delhi. She is a Parvin Fellow - Woodrow Wilson School of International Affairs, Princeton University, U.S.A. She has been employed with the Corporation since 1978 and was appointed as the Executive Director of the Corporation in 2000 and was re-designated as the Joint Managing Director of the Corporation in October 2007. She has been appointed as the Managing Director of the Corporation for a period of 5 years with effect from January 1, 2010. She is responsible for the Operations, Human Resources and Communications functions of the Corporation.

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Managing Director
5 Mr.  V.Srinivasa Rangan
Mr.V.Srinivasa  Rangan

Mr.   V.Srinivasa Rangan

Executive Director, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. Mr. Rangan joined the Corporation in 1986 and has served in Delhi and was the Senior General Manager - Corporate Planning & Finance at Head Office since 2000. Mr. Rangan has been appointed as the Executive Director of the Corporation for a period of 5 years with effect from January 1, 2010. He is also a member of the Investors’ Grievance Committee of Directors with effect from May 4, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation.

Executive Director

RISK MANAGEMENT COMMITTEE

Sr. No. Name of Director Category
1 Dr. S. A. Dave (Chairman)
Dr. S. A. Dave

Dr. S. A. Dave

is a Doctorate of economics and holds a Master’s degree in economics from the University of Rochester. Dr. Dave was the former chairman of the Securities and Exchange Board of India and the Unit Trust of India. Dr. Dave is currently the chairman of the Centre for Monitoring Indian Economy and a director on the boards of many prominent companies in India. He has been a director of the Corporation since 1990. He is also the Chairman of the Audit Committee of Directors.

Independent Director
2 Mr. Keki. M. Mistry
Mr. Keki. M. Mistry

Mr. Keki. M. Mistry

Vice Chairman & Chief Executive Officer of the Corporation, is a Fellow of the Institute of Chartered Accountants of India. He has been employed with the Corporation since 1981 and was appointed as the executive director of the Corporation in 1993. He was appointed as the Deputy Managing Director in 1999, as the Managing Director in 2000, and re-designated as the Vice Chairman & Managing Director of the Corporation in October 2007. He has been re-designated as the Vice-Chairman & Chief Executive Officer of the Corporation with effect from January 1, 2010. He is responsible for the overall functioning of the Corporation.

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Vice Chairman & Chief Executive Officer
3 Ms. Renu Sud Karnad
Ms. Renu Sud Karnad

Ms. Renu Sud Karnad

Managing Director of the Corporation, is a graduate in law from the University of Mumbai and holds a Master's degree in economics from the University of Delhi. She is a Parvin Fellow - Woodrow Wilson School of International Affairs, Princeton University, U.S.A. She has been employed with the Corporation since 1978 and was appointed as the Executive Director of the Corporation in 2000 and was re-designated as the Joint Managing Director of the Corporation in October 2007. She has been appointed as the Managing Director of the Corporation for a period of 5 years with effect from January 1, 2010. She is responsible for the Operations, Human Resources and Communications functions of the Corporation.

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Managing Director
4 Mr.V.Srinivasa Rangan
Mr.V.Srinivasa  Rangan

Mr.V.Srinivasa Rangan

Executive Director, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. Mr. Rangan joined the Corporation in 1986 and has served in Delhi and was the Senior General Manager - Corporate Planning & Finance at Head Office since 2000. Mr. Rangan has been appointed as the Executive Director of the Corporation for a period of 5 years with effect from January 1, 2010. He is also a member of the Investors’ Grievance Committee of Directors with effect from May 4, 2010. He is responsible for the Treasury, Resources and Accounts functions of the Corporation.

Executive Director
5 Mr.Conrad D'Souza Member of Executive Management
6 Ms. Madhumita Ganguli Member of Executive Management
7 Mr. Suresh Menon Member of Executive Management