Board of Directors

Smt. Sushila Devi Singhania

Smt. Sushila Devi Singhania

Chairperson (Non-Executive Non-Independent)
  • Scion of renowned Jalan family representing Surajmall Nagarmall group, famous industrial house.
  • Having keen interest in industry and commerce.
  • A Member of Managing Committee of Seth Anandram Jaipuria School, Kanpur, President of Juari Devi Girls Inter College, Kanpur and President of Juari Devi Girls Post Graduate College, Kanpur.
  • Has been actively associated with programmes for welfare and upliftment of economically weaker sections, children and women and also with religious activities.
  • Acting as Director of M/s. Yadu International Ltd. and M/s. G.H.Securities Limited.

Dr. Raghavpat Singhania

Dr. Raghavpat Singhania

Managing Director
  • Dr. Raghavpat Singhania is a seasoned business leader with rich experience in the grey and white cement industry.
  • He is also an avid researcher in the area of new building products and materials.
  • He joined JK Cement Ltd. in the year 2007 as Special Executive and received training under industry stalwart Late Yadupati Singhania.
  • Over the years he has learnt the ropes of the trade and spearheaded the business transformation journey of the Company.
  • He has also been instrumental in charting out the Company's strategic roadmap, helping the Organisation to be future-ready.
  • He is responsible for taking the vision and commitment of the Company forward by ensuring that its values and code of ethics are upheld at all times. Being conscious about the responsibilities owed to society, he believes that quality education & vocational training for the youth are an integral part of nation building.
  • Some of the institutions that are giving shape to this vision include Yadupati Singhania Vocational Education Foundation, Sir Padampat Singhnania University, LK Singhania Education Centre, LK Singhania Public School and LA Education Centre.
  • Dr. Singhania attended the Executive Leadership Programme at INSEAD, Fontainebleau, and is a graduate from Sheffield Hallam University, United Kingdom. He served as a member of the CII Delhi State Council, President of Rotary & is a trustee of many charitable trusts.
  • He is also the Dy. Managing Director of JK Cement Works, (Fujairah) FZC, which is a subsidiary of JK Cement Ltd. in the UAE.

Mr. Madhavkrishna Singhania

Mr. Madhavkrishna Singhania

Deputy Managing Director & CEO, JK Cement Ltd.
  • Mr. Madhavkrishna Singhania is a technocrat by qualification and training with rich experience in the cement industry encompassing various aspects of business including business strategy, manufacturing and technology enablement.
  • Having a keen interest in technology and automation, he has led new capacity expansion projects that have doubled the grey cement manufacturing capacity from 7.5 MTPA in 2010 to around 15 MTPA in 2020. His ambitious expansion plans have seen the Company's footprint expand across the Country.
  • With Mr. Singhania leading the Company's many technology and automation initiatives, JK Cement has won several awards and accolades in the areas of sustainability, safety, energy efficiency and green manufacturing.
  • He has also been instrumental in setting up of the Company's maiden overseas plant in Fujairah, UAE, and is the Dy. MD of JK Cement Works (Fujairah) FZC.
  • He has a Bachelor's degree in Electrical & Computer Engineering from Carnegie Mellon University, USA and also holds a Diploma in Family Business Management from IMD Lausanne, Switzerland.
  • He is currently the Vice Chairman, CII Delhi State and on the CII Northern Region Council. He has held the position of the Chairman of Young Indians (Yi), Delhi Youth Wing of the Confederation of Indian Industry (CII) and is currently serving as the Sherpa for Yi at the G20 Young Entrepreneurs Alliance.
  • He has served on the Board of Governors for National Council for Cement and Building Materials (NCCBM) and as the President of the Rotary Club of Kanpur Gaurav. He has also represented India in the Australia India Youth Dialogue between the two countries in 2018 and is currently on its steering committee.

Smt. Sushila Devi Singhania

Chairperson (Non-Executive Non-Independent)
  • Scion of renowned Jalan family representing Surajmall Nagarmall group, famous industrial house.
  • Having keen interest in industry and commerce.
  • A Member of Managing Committee of Seth Anandram Jaipuria School, Kanpur, President of Juari Devi Girls Inter College, Kanpur and President of Juari Devi Girls Post Graduate College, Kanpur.
  • Has been actively associated with programmes for welfare and upliftment of economically weaker sections, children and women and also with religious activities.
  • Acting as Director of M/s. Yadu International Ltd. and M/s. G.H.Securities Limited.

Dr. Raghavpat Singhania

Managing Director
  • Dr. Raghavpat Singhania is a seasoned business leader with rich experience in the grey and white cement industry.
  • He is also an avid researcher in the area of new building products and materials.
  • He joined JK Cement Ltd. in the year 2007 as Special Executive and received training under industry stalwart Late Yadupati Singhania.
  • Over the years he has learnt the ropes of the trade and spearheaded the business transformation journey of the Company.
  • He has also been instrumental in charting out the Company's strategic roadmap, helping the Organisation to be future-ready.
  • He is responsible for taking the vision and commitment of the Company forward by ensuring that its values and code of ethics are upheld at all times. Being conscious about the responsibilities owed to society, he believes that quality education & vocational training for the youth are an integral part of nation building.
  • Some of the institutions that are giving shape to this vision include Yadupati Singhania Vocational Education Foundation, Sir Padampat Singhnania University, LK Singhania Education Centre, LK Singhania Public School and LA Education Centre.
  • Dr. Singhania attended the Executive Leadership Programme at INSEAD, Fontainebleau, and is a graduate from Sheffield Hallam University, United Kingdom. He served as a member of the CII Delhi State Council, President of Rotary & is a trustee of many charitable trusts.
  • He is also the Dy. Managing Director of JK Cement Works, (Fujairah) FZC, which is a subsidiary of JK Cement Ltd. in the UAE.

Mr. Madhavkrishna Singhania

Deputy Managing Director & CEO, JK Cement Ltd.
  • Mr. Madhavkrishna Singhania is a technocrat by qualification and training with rich experience in the cement industry encompassing various aspects of business including business strategy, manufacturing and technology enablement.
  • Having a keen interest in technology and automation, he has led new capacity expansion projects that have doubled the grey cement manufacturing capacity from 7.5 MTPA in 2010 to around 15 MTPA in 2020. His ambitious expansion plans have seen the Company's footprint expand across the Country.
  • With Mr. Singhania leading the Company's many technology and automation initiatives, JK Cement has won several awards and accolades in the areas of sustainability, safety, energy efficiency and green manufacturing.
  • He has also been instrumental in setting up of the Company's maiden overseas plant in Fujairah, UAE, and is the Dy. MD of JK Cement Works (Fujairah) FZC.
  • He has a Bachelor's degree in Electrical & Computer Engineering from Carnegie Mellon University, USA and also holds a Diploma in Family Business Management from IMD Lausanne, Switzerland.
  • He is currently the Vice Chairman, CII Delhi State and on the CII Northern Region Council. He has held the position of the Chairman of Young Indians (Yi), Delhi Youth Wing of the Confederation of Indian Industry (CII) and is currently serving as the Sherpa for Yi at the G20 Young Entrepreneurs Alliance.
  • He has served on the Board of Governors for National Council for Cement and Building Materials (NCCBM) and as the President of the Rotary Club of Kanpur Gaurav. He has also represented India in the Australia India Youth Dialogue between the two countries in 2018 and is currently on its steering committee.

Mr. A.K. Saraogi

Mr. A.K. Saraogi

Deputy Managing Director & CFO
  • Mr. A.K. Saraogi has over 40 years of experience in the field of Finance and Commercial matters.
  • He is overseeing from decades Finance and Commercial matters of the Company and has been part of the core Management Team.
  • He holds a Bachelor of Arts (Honours) degree in Economics from Sriram College of Commerce, Delhi University and a Bachelor of Laws degree from Kanpur University, Kanpur. He has been associated with Cement Division over 40 years and part of Company's growth.
  • He is Council member of Merchant Chamber of UP, Member of Board of Management of Sir Padampat Singhania University, Dr. Gaur Hari Singhania Institute of Management and Research, Managing Committee of LK Singhania Education Centre (Gotan, Rajasthan), Kailashpat Education Society (Nimbahera, Rajasthan), Dayanand Shiksha Sansthan, Dr. Virendra Swarup Education Centre, Member of Uttar Pradesh Cricket Assocation, Director of Yadu International Ltd. and Jaykaycem (Central) Ltd., Trustee of Shri Dwarikadheesh Temple Trust, Kamla Town Trust, JK Cement NBH Foundation, JK Cement Gotan Foundation and Kailashpat Singhania Sports Foundation.

Dr. Nidhipati Singhania

Dr. Nidhipati Singhania

Vice Chairman
  • Dr. Nidhipati Singhania, aged 62 years, is Grandson of Late Sir Padampat and Lady Anusuiya Singhania; Son of Late Shri Gopalkrishna Singhania and Late Smt Sulochana Devi Singhania. He has received immense experience over the last thirty-eight years across myriad family businesses. He is known for his people management and problem solving skills besides being efficient, meticulous and determined.
  • With a Master of Commerce from Kanpur University (1982), Mr. Singhania is currently serving as Chancellor of Sir Padampat Singhania University, Udaipur, Rajasthan - one of the leading private, residential universities of Rajasthan offering Bachelors, Masters and Doctoral programs. He is conferred with Doctorate Degree by Chandra Shekhar Azad University of Agriculture and Technology, Kanpur. He is also Vice President at J.K. Organisation. As Director of Arr emm Holdings Private Limited, he is reviving Indian handlooms & promoting Indian crafts & textiles, working with Kotah, Benaras & Chanderi weavers & master-weavers across the country, and exporting Indian textiles across the globe.
  • Previously he has held various positions including Director, J.K. Cotton Limited, Special Executive, Juggilal Kamlapat Cotton Spinning & Weaving Mills Company Ltd., Director, Plastic Products Limited, Special Executive, J.K. Synthetics Limited (Divisions: Fibretech Engineers, J.K. Tyre Cord and J.K. Acrylics.)
  • He is a Lifetime Member at the Foundation for Organizational Research & Education (FORE), and Trustee of Shri Dwarakadheesh Temple Trust, Shri Radhakrishna Temple Trust, J.K. Charitable Trust, Shri Kamleshwarji Mahadeo Temple Trust and Kamla Town Trust. Moreover, he is a Lifetime member at the Uttar Pradesh Cricket Association.

Mr. Paul Hugentobler

Mr. Paul Hugentobler

Non-Executive Non-Independent Director (Civil Engineer & Degree in Economic Science)
  • A Swiss national, he Joined Holcim Group Support Ltd. as Project Manager in 1980.
  • He graduated in Civil Engineering from Swiss Federal Institute of Technology, Zurich and Economic Science from Graduate School of Economics and Business of St. Gallen.
  • Served as Holcim Ltd. Area Manager for the Asia Pacific Region.
  • From 1999 to 2000, he also served as CEO of Siam City Cement (Public) Company Limited, headquartered in Bangkok, Thailand and till now he continues to be a Director.
  • Until his retirement in February 2014, he was appointed as a member of the Executive Committee at Holcim Ltd. with the responsibility for South Asia and ASEAN except the Philippines.
  • He joined JK Cement Ltd. as a Director w.e.f 17th May, 2014.

Mr. A.K. Saraogi

Deputy Managing Director & CFO
  • Mr. A.K. Saraogi has over 40 years of experience in the field of Finance and Commercial matters.
  • He is overseeing from decades Finance and Commercial matters of the Company and has been part of the core Management Team.
  • He holds a Bachelor of Arts (Honours) degree in Economics from Sriram College of Commerce, Delhi University and a Bachelor of Laws degree from Kanpur University, Kanpur. He has been associated with Cement Division over 40 years and part of Company's growth.
  • He is Council member of Merchant Chamber of UP, Member of Board of Management of Sir Padampat Singhania University, Dr. Gaur Hari Singhania Institute of Management and Research, Managing Committee of LK Singhania Education Centre (Gotan, Rajasthan), Kailashpat Education Society (Nimbahera, Rajasthan), Dayanand Shiksha Sansthan, Dr. Virendra Swarup Education Centre, Member of Uttar Pradesh Cricket Assocation, Director of Yadu International Ltd. and Jaykaycem (Central) Ltd., Trustee of Shri Dwarikadheesh Temple Trust, Kamla Town Trust, JK Cement NBH Foundation, JK Cement Gotan Foundation and Kailashpat Singhania Sports Foundation.

Dr. Nidhipati Singhania

Vice Chairman
  • Dr. Nidhipati Singhania, aged 62 years, is Grandson of Late Sir Padampat and Lady Anusuiya Singhania; Son of Late Shri Gopalkrishna Singhania and Late Smt Sulochana Devi Singhania. He has received immense experience over the last thirty-eight years across myriad family businesses. He is known for his people management and problem solving skills besides being efficient, meticulous and determined.
  • With a Master of Commerce from Kanpur University (1982), Mr. Singhania is currently serving as Chancellor of Sir Padampat Singhania University, Udaipur, Rajasthan - one of the leading private, residential universities of Rajasthan offering Bachelors, Masters and Doctoral programs. He is conferred with Doctorate Degree by Chandra Shekhar Azad University of Agriculture and Technology, Kanpur. He is also Vice President at J.K. Organisation. As Director of Arr emm Holdings Private Limited, he is reviving Indian handlooms & promoting Indian crafts & textiles, working with Kotah, Benaras & Chanderi weavers & master-weavers across the country, and exporting Indian textiles across the globe.
  • Previously he has held various positions including Director, J.K. Cotton Limited, Special Executive, Juggilal Kamlapat Cotton Spinning & Weaving Mills Company Ltd., Director, Plastic Products Limited, Special Executive, J.K. Synthetics Limited (Divisions: Fibretech Engineers, J.K. Tyre Cord and J.K. Acrylics.)
  • He is a Lifetime Member at the Foundation for Organizational Research & Education (FORE), and Trustee of Shri Dwarakadheesh Temple Trust, Shri Radhakrishna Temple Trust, J.K. Charitable Trust, Shri Kamleshwarji Mahadeo Temple Trust and Kamla Town Trust. Moreover, he is a Lifetime member at the Uttar Pradesh Cricket Association.

Mr. Paul Hugentobler

Non-Executive Non-Independent Director (Civil Engineer & Degree in Economic Science)
  • A Swiss national, he Joined Holcim Group Support Ltd. as Project Manager in 1980.
  • He graduated in Civil Engineering from Swiss Federal Institute of Technology, Zurich and Economic Science from Graduate School of Economics and Business of St. Gallen.
  • Served as Holcim Ltd. Area Manager for the Asia Pacific Region.
  • From 1999 to 2000, he also served as CEO of Siam City Cement (Public) Company Limited, headquartered in Bangkok, Thailand and till now he continues to be a Director.
  • Until his retirement in February 2014, he was appointed as a member of the Executive Committee at Holcim Ltd. with the responsibility for South Asia and ASEAN except the Philippines.
  • He joined JK Cement Ltd. as a Director w.e.f 17th May, 2014.

Mr. Sudhir Jalan

Mr. Sudhir Jalan

Non-Executive Non-Independent Director
  • Mr. Sudhir Jalan, 75 years, is a Commerce Graduate and Master in Business Administration.
  • He is premier businessman with business interest in diversified fields.
  • He has been acting as Chairman and Managing Director of Meenakshi Tea Co. Ltd. and Director in various Public Limited and Private Limited Companies including Chairman in three companies.
  • He was President of All India Management Association (AIMA) and International Chamber of Commerce (ICC) India.
  • He served on the Board of Indian Institute of Management, Kolkata. He presided over Federation of Indian Chamber of Commerce and Industry, apex body of ICC India.
  • He is Honorary Cousul General of Greece in Kolkata. He is also associated with a number of Charitable Institutions.

Mr. Ashok Sinha

Mr. Ashok Sinha

Non-Executive Independent Director
  • He has a B.Tech. degree in Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur (1973) and PGDBM from the Indian Institute of Management (IIM), Bangalore, with specialisation in Finance (1977). He has been conferred the Distinguished Alumnus Award from both IIT Kanpur and IIM Bangalore.
  • He has a wealth of experience, competencies and expertise from his leadership journey as the Chairman and Managing Director of Bharat Petroleum Corporation Ltd. (BPCL), which is present across the entire value chain with activities covering exploration and production, refining and marketing oil and gas products. He spent 33 years in BPCL, where he served on the Board of BPCL for 15 years - first as Director (Finance) for 10 years from 1996 and then as its Chairman and Managing Director for 5 years from August 2005.
  • He has been conferred with the India Chief Financial Officer Award 2001 for Information and Knowledge Management by the Economic Intelligence Unit (EIU) India and American Express. He received award from TMG (Technology Media Group) for Customer Management.
  • Since 2011, he has served on the Boards of Petronet LNG Ltd., CMC Ltd. (erstwhile subsidiary of Tata Consultancy Services Ltd.), four subsidiaries of Vodafone India Ltd., Tata Advanced Systems Ltd., Tata Lockheed Martin Aerostructures, and Nova Integrated Systems. Currently, he is serving as Independent Director on the Board of Cipla Ltd., Axis Asset Management Co., You Broadband India Ltd, Air Asia India Ltd. and Tata Power Co Ltd.

Mrs. Deepa Gopalan Wadhwa

Mrs. Deepa Gopalan Wadhwa

Non-Executive Independent Director
  • Mrs. Deepa Gopalan Wadhwa , 63, has 36 years of Indian Foreign Service (IFS) career behind her. She joined IFS in 1979 and retired in December, 2015.
  • She has served in the Ministry of External Affairs, New Delhi, Indian Council for Cultural Relations and International Labour Organisation. She has served as Ambassador of India to Japan (from 2012-2015), Qatar (from 2009-2012) and Sweden (from 2005-2009). She was concurrently accredited as Ambassador to Latvia (from Stockholm) and Republic of the Marshall Islands (from Tokyo). During her career she has also held other significant assignments in Geneva, Hong Kong, China and the Netherlands in between 1981 to 1987 and 1989 to 1998 and in the Ministry of External Affairs from 1987-1989 and 1999-2005.
  • Important issues and subjects handled by her are India's relations and strategic policies concerning Pakistan, China, the GCC, Japan, EU and the UN. In the context of the UN she has dealt specifically with issues of global significance such as Climate Change, Sustainable Development, Disarmament and Human Rights. In the context of India's economic priorities she has vast experience in the promotion of Indian interests in the areas of trade, technology, investment and energy security during her postings in Europe, the GCC and Japan.
  • Mrs Wadhwa is currently co-chair of the India-Japan Partnership Forum located in FICCI, member Governing Council of the Institute of China Studies and serves as Independent Director on the Boards of a few companies.

Mr. Sudhir Jalan

Non-Executive Non-Independent Director
  • Mr. Sudhir Jalan, 75 years, is a Commerce Graduate and Master in Business Administration.
  • He is premier businessman with business interest in diversified fields.
  • He has been acting as Chairman and Managing Director of Meenakshi Tea Co. Ltd. and Director in various Public Limited and Private Limited Companies including Chairman in three companies.
  • He was President of All India Management Association (AIMA) and International Chamber of Commerce (ICC) India.
  • He served on the Board of Indian Institute of Management, Kolkata. He presided over Federation of Indian Chamber of Commerce and Industry, apex body of ICC India.
  • He is Honorary Cousul General of Greece in Kolkata. He is also associated with a number of Charitable Institutions.

Mr. Ashok Sinha

Non-Executive Independent Director
  • He has a B.Tech. degree in Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur (1973) and PGDBM from the Indian Institute of Management (IIM), Bangalore, with specialisation in Finance (1977). He has been conferred the Distinguished Alumnus Award from both IIT Kanpur and IIM Bangalore.
  • He has a wealth of experience, competencies and expertise from his leadership journey as the Chairman and Managing Director of Bharat Petroleum Corporation Ltd. (BPCL), which is present across the entire value chain with activities covering exploration and production, refining and marketing oil and gas products. He spent 33 years in BPCL, where he served on the Board of BPCL for 15 years - first as Director (Finance) for 10 years from 1996 and then as its Chairman and Managing Director for 5 years from August 2005.
  • He has been conferred with the India Chief Financial Officer Award 2001 for Information and Knowledge Management by the Economic Intelligence Unit (EIU) India and American Express. He received award from TMG (Technology Media Group) for Customer Management.
  • Since 2011, he has served on the Boards of Petronet LNG Ltd., CMC Ltd. (erstwhile subsidiary of Tata Consultancy Services Ltd.), four subsidiaries of Vodafone India Ltd., Tata Advanced Systems Ltd., Tata Lockheed Martin Aerostructures, and Nova Integrated Systems. Currently, he is serving as Independent Director on the Board of Cipla Ltd., Axis Asset Management Co., You Broadband India Ltd, Air Asia India Ltd. and Tata Power Co Ltd.

Mrs. Deepa Gopalan Wadhwa

Non-Executive Independent Director
  • Mrs. Deepa Gopalan Wadhwa , 63, has 36 years of Indian Foreign Service (IFS) career behind her. She joined IFS in 1979 and retired in December, 2015.
  • She has served in the Ministry of External Affairs, New Delhi, Indian Council for Cultural Relations and International Labour Organisation. She has served as Ambassador of India to Japan (from 2012-2015), Qatar (from 2009-2012) and Sweden (from 2005-2009). She was concurrently accredited as Ambassador to Latvia (from Stockholm) and Republic of the Marshall Islands (from Tokyo). During her career she has also held other significant assignments in Geneva, Hong Kong, China and the Netherlands in between 1981 to 1987 and 1989 to 1998 and in the Ministry of External Affairs from 1987-1989 and 1999-2005.
  • Important issues and subjects handled by her are India's relations and strategic policies concerning Pakistan, China, the GCC, Japan, EU and the UN. In the context of the UN she has dealt specifically with issues of global significance such as Climate Change, Sustainable Development, Disarmament and Human Rights. In the context of India's economic priorities she has vast experience in the promotion of Indian interests in the areas of trade, technology, investment and energy security during her postings in Europe, the GCC and Japan.
  • Mrs Wadhwa is currently co-chair of the India-Japan Partnership Forum located in FICCI, member Governing Council of the Institute of China Studies and serves as Independent Director on the Boards of a few companies.

Mr. Mudit Aggarwal

Mr. Mudit Aggarwal

Non-Executive Independent Director
  • Mudit Aggarwal, aged about 35 years, possesses degree in Bachelor of Science (Double Major in electrical and computer engineering and business administration) from Carnegie Melon University - USA and also holds Diploma from Indian Institute of Management - Ahmedabad (IIM-A) on revenue management and dynamic pricing in 2015.
  • He is a dynamic corporate leader with deep experience across the manufacturing, retail and hospitality sector.
  • Mudit’s career reflects a demonstrated track record in leading successful transformation initiatives and creating enabling environments within large companies that allow the creation of new ideas and business lines.
  • He started his career from Deloitte as a Technical Advisor in the USA and thereafter moved to India for taking reigns of overall operations of Mansingh Hotels and Resorts Ltd, a leading hospitality player with presence in the retail mall space.
  • He was instrumental to adapt to changing market conditions and disruptive market forces by Mansingh Group of Hotels.
  • In 2013, he independently founded MMX Foods and under his able leadership MMX became one of India’s best recognized large scale bakery, supplying large domestic and international players such as Amul, Reliance, Future Consumer, Big Basket,
  • Metro Cash & Carry and Vistara. Today, MMX is the Indian market leader for third party manufacturing in modern trade with turnover of Rs. 15 Crores in 2020-21 under his leadership.
  • He is acting as Trustee of the Seth Jai Parkash Mukand Lal, which governs premier 30 educational institutions in Haryana and UP with student capacity of approx.. 22,500.
  • The object and mission of Mukund Trust is that education should be made affordable to all sections of the society, providing ample opportunities and resources for all to achieve their personal and academic potentials.
  • The Trust is inculcating free education and assistance to a minimum of 1000 students per year, provide interest free study loans, scholarships and to provide healthcare to the villages around Yamuna Nagar.
  • He is an active member of the Rotary Club of Delhi and Young Indians (CII)

Dr. K. B. Agarwal

Dr. K. B. Agarwal

Non-Executive Independent Director(Graduate of Law, PhD, ICWA and CS)
  • Rich experience in Finance, Accounts and Capital Market.
  • Former President of Merchants' Chamber of U.P. and U.P. Stock Exchange Limited . Associated with FICCI and ASSOCHAM, and was also involved with various Government committees.

Mr. Saurabh Chandra

Mr. Saurabh Chandra

Non-Executive Independent Director
  • Mr. Saurabh Chandra, a B.Tech from IIT Kanpur (First with Distinction), retired as Secretary, Ministry of Petroleum and Natural Gas, Govt. of India and prior there to he served as Secretary in the DIPP, Ministry of Commerce and Industry.
  • Currently he is serving as Public Interest Director and Chairman of the Governing Board of Multi Commodity Exchange of India Limited and an Independent Director on the Boards of SBI Pension Funds Pvt. Ltd., Usha Breco Limited and Vacmet India Limited.
  • He possess experience in formulation and implementation of policies in multiple areas and sectors, such as oil and gas, industry & manufacturing, foreign direct investment, intellectual property, and disinvestment including strategic sales.
  • During his tenure as Secretary, DIPP major reforms were initiated in the FDI policy and intellectual policy regime, while implementation of the National Manufacturing Policy started in the right earnest.
  • Deregulation of diesel prices, launching of PAHAL Scheme, Give Up campaign and work on the Hydrocarbon Exploration Licensing Policy, Discovered Small Fields Policy and the National Gas Grid were initiated during his tenure as Secretary, Petroleum.

Mr. Mudit Aggarwal

Non-Executive Independent Director
  • Mudit Aggarwal, aged about 35 years, possesses degree in Bachelor of Science (Double Major in electrical and computer engineering and business administration) from Carnegie Melon University - USA and also holds Diploma from Indian Institute of Management - Ahmedabad (IIM-A) on revenue management and dynamic pricing in 2015.
  • He is a dynamic corporate leader with deep experience across the manufacturing, retail and hospitality sector.
  • Mudit’s career reflects a demonstrated track record in leading successful transformation initiatives and creating enabling environments within large companies that allow the creation of new ideas and business lines.
  • He started his career from Deloitte as a Technical Advisor in the USA and thereafter moved to India for taking reigns of overall operations of Mansingh Hotels and Resorts Ltd, a leading hospitality player with presence in the retail mall space.
  • He was instrumental to adapt to changing market conditions and disruptive market forces by Mansingh Group of Hotels.
  • In 2013, he independently founded MMX Foods and under his able leadership MMX became one of India’s best recognized large scale bakery, supplying large domestic and international players such as Amul, Reliance, Future Consumer, Big Basket,
  • Metro Cash & Carry and Vistara. Today, MMX is the Indian market leader for third party manufacturing in modern trade with turnover of Rs. 15 Crores in 2020-21 under his leadership.
  • He is acting as Trustee of the Seth Jai Parkash Mukand Lal, which governs premier 30 educational institutions in Haryana and UP with student capacity of approx.. 22,500.
  • The object and mission of Mukund Trust is that education should be made affordable to all sections of the society, providing ample opportunities and resources for all to achieve their personal and academic potentials.
  • The Trust is inculcating free education and assistance to a minimum of 1000 students per year, provide interest free study loans, scholarships and to provide healthcare to the villages around Yamuna Nagar.
  • He is an active member of the Rotary Club of Delhi and Young Indians (CII)

Dr. K. B. Agarwal

Non-Executive Independent Director(Graduate of Law, PhD, ICWA and CS)
  • Rich experience in Finance, Accounts and Capital Market.
  • Former President of Merchants' Chamber of U.P. and U.P. Stock Exchange Limited . Associated with FICCI and ASSOCHAM, and was also involved with various Government committees.

Mr. Saurabh Chandra

Non-Executive Independent Director
  • Mr. Saurabh Chandra, a B.Tech from IIT Kanpur (First with Distinction), retired as Secretary, Ministry of Petroleum and Natural Gas, Govt. of India and prior there to he served as Secretary in the DIPP, Ministry of Commerce and Industry.
  • Currently he is serving as Public Interest Director and Chairman of the Governing Board of Multi Commodity Exchange of India Limited and an Independent Director on the Boards of SBI Pension Funds Pvt. Ltd., Usha Breco Limited and Vacmet India Limited.
  • He possess experience in formulation and implementation of policies in multiple areas and sectors, such as oil and gas, industry & manufacturing, foreign direct investment, intellectual property, and disinvestment including strategic sales.
  • During his tenure as Secretary, DIPP major reforms were initiated in the FDI policy and intellectual policy regime, while implementation of the National Manufacturing Policy started in the right earnest.
  • Deregulation of diesel prices, launching of PAHAL Scheme, Give Up campaign and work on the Hydrocarbon Exploration Licensing Policy, Discovered Small Fields Policy and the National Gas Grid were initiated during his tenure as Secretary, Petroleum.

Mr. Satish Kumar Kalra

Mr. Satish Kumar Kalra

Non-Executive Independent Director
  • Mr. Satish Kumar Kalra is post graduate in science (M Sc), CAIIB and post graduate in finance (PGDM).
  • He possesses rich experience in banking and NBFC for more than 40 years.
  • He has attended prestigious trainings imparted by Barclays Bank Plc London, University of Maryland, Robert H Smith School of Business, CAFRAL program at USA, SIBOS at Dubai, IIMs at Kolkata and Kozikode.
  • Mr. Kalra has provided strategic guidance to the Bank In areas of NPA, credit, international banking, treasury management, HR etc. He has wide experience in treasury management, corporate planning, inspection & audit, merchant banking, Board Secretariat, credit monitoring, legal, industrial and infra finance.
  • Mr Kalra was General Manager Treasury at Allahabad Bank and headed various zones also. He has served Andhra Bank as Managing Director & CEO ( additional charge) for 6 months and worked as WTD as Executive Director from October 2012 to August 2017.
  • He was on board of India First Life Insurance. He acted as Independent Director on the Board of Lakshmi Vilas Bank till November, 2020.
  • Presently he is acting as an Independent Directors on the Boards of PNB Gilts. &. Can Fin Homes. Also he is member of Advisory Board for banking and financial fraud of CVC.

Mr. Ajay Narayan Jha

Mr. Ajay Narayan Jha

Non-Executive Independent Director
  • Mr. Ajay Narayan Jha, aged 62 years, has superannuated from Indian Administrative Service in February 2019 (Manipur Cadre 1982 Batch). He is MA in History with First Class from St. Stephen's College, Delhi University, MA in Economic Policy Management from McGill University, Montreal, Quebec, Canada and M.Phil in Public Administration from Indian Institute of Public Administration, New Delhi.
  • He held various important positions with Government of India viz. Member, Fifteenth Finance Commission, Finance Secretary, Ministry of Finance, Government of India, Secretary, Ministry of Finance, Department of Expenditure, Secretary, Ministry of Environment, Forest & Climate Change to name a few. Earlier he held important position with Govt. of Manipur also. Besides he undertook international assignments and has published papers on elections and environment.

Mr. Satish Kumar Kalra

Non-Executive Independent Director
  • Mr. Satish Kumar Kalra is post graduate in science (M Sc), CAIIB and post graduate in finance (PGDM).
  • He possesses rich experience in banking and NBFC for more than 40 years.
  • He has attended prestigious trainings imparted by Barclays Bank Plc London, University of Maryland, Robert H Smith School of Business, CAFRAL program at USA, SIBOS at Dubai, IIMs at Kolkata and Kozikode.
  • Mr. Kalra has provided strategic guidance to the Bank In areas of NPA, credit, international banking, treasury management, HR etc. He has wide experience in treasury management, corporate planning, inspection & audit, merchant banking, Board Secretariat, credit monitoring, legal, industrial and infra finance.
  • Mr Kalra was General Manager Treasury at Allahabad Bank and headed various zones also. He has served Andhra Bank as Managing Director & CEO ( additional charge) for 6 months and worked as WTD as Executive Director from October 2012 to August 2017.
  • He was on board of India First Life Insurance. He acted as Independent Director on the Board of Lakshmi Vilas Bank till November, 2020.
  • Presently he is acting as an Independent Directors on the Boards of PNB Gilts. &. Can Fin Homes. Also he is member of Advisory Board for banking and financial fraud of CVC.

Mr. Ajay Narayan Jha

Non-Executive Independent Director
  • Mr. Ajay Narayan Jha, aged 62 years, has superannuated from Indian Administrative Service in February 2019 (Manipur Cadre 1982 Batch). He is MA in History with First Class from St. Stephen's College, Delhi University, MA in Economic Policy Management from McGill University, Montreal, Quebec, Canada and M.Phil in Public Administration from Indian Institute of Public Administration, New Delhi.
  • He held various important positions with Government of India viz. Member, Fifteenth Finance Commission, Finance Secretary, Ministry of Finance, Government of India, Secretary, Ministry of Finance, Department of Expenditure, Secretary, Ministry of Environment, Forest & Climate Change to name a few. Earlier he held important position with Govt. of Manipur also. Besides he undertook international assignments and has published papers on elections and environment.