Statutory Reports
Corporate Overview
69th Annual Report 2013-14
50
Financial Statements
The brief profile of the Independent Directors to be appointed is
given below:
Mr Nusli Wadia
Educated in the UK, Mr Wadia is the Chairman of the Bombay
Dyeing & Manufacturing Company Limited and heads the Wadia
Group. He is also the Chairman/Trustee of various charitable
institutions and non-profit organisation.
Mr. Wadia has been on the Company's Board since December 22,
1998 and is an Independent Director.
Dr Raghunath Mashelkar
Dr Mashelkar is an eminent chemical engineering scientist
retired from the post of Director General from the CSIR and is the
President of Indian National Science Academy (INSA), National
Innovation Foundation, Institution of Chemical Engineers,
UK and Global Research Alliance. The President of India honored
Dr Mashelkar with the Padmashri (1991), the Padmabhushan
(2000) and the Padma Vibhushan (2014). Dr Mashelkar holds a
Ph.D. in Chemical Engineering from the Bombay University.
He was appointed as an Independent Director of the Company
w.e.f. August 28, 2007.
Mr Nasser Munjee
Mr Nasser Munjee served with HDFC for over 20 years at various
positions including as its Executive Director. He was the Managing
Director of Infrastructure Development Finance Co. Ltd. (IDFC)
up to March 2004. Presently he is the Chairman of Development
Credit Bank (DCB) since June 2005 and is also on the Board of
various Multinational Companies and Trusts.
Mr Munjee is a Technical Advisor on the World Bank-Public Private
Partnership Infrastructure and Advisory Fund. Mr Munjee holds a
Bachelor’s degree and a Master’s degree from the London School
of Economics, UK.
He was appointed as an Independent Director of the Company
w.e.f. June 27, 2008.
Mr Subodh Bhargava
Mr Bhargava retired from Eicher Group of Companies as Group
Chairman and Chief Executive in March 2000. He was the past
President of the Confederation of Indian Industry (CII) and the
Association of Indian Automobile Manufacturers and the Vice
President of the Tractor Manufacturers Association.
He is currently associated as a Director of several Indian corporates,
including Tata Communications Limited and Tata Steel Limited.
Mr Bhargava holds a degree in Mechanical Engineering from the
University of Roorkee.
He was appointed as an Independent Director of the Company
w.e.f. June 27, 2008.
Mr Vineshkumar Jairath
Mr Jairath served as the Principal Secretary (Industries),
Government of Maharashtra and has over 25 years of
experience in public administration, rural development, poverty
alleviation, infrastructure, finance, industry, urban development,
environmental management and a touch of the private sector
occupying various important positions in the Government of India
and the State Government of Maharashtra.
Mr Jairath holds Bachelor of Arts Degree in Public Administration
and Bachelor of Laws Degree, both, from the Punjab University,
Masters in Economics from the University of Manchester, UK and
joined Indian Administrative Service in 1982.
He was appointed as an Independent Director of the Company
w.e.f. March 31, 2009.
Ms Falguni Nayar
Ms Falguni Nayar has spent over 19 years with Kotak Mahindra
Bank with the last 6 years as Managing Director and CEO of
Kotak Investment Bank. She is currently the founder and CEO of
Nykaa.com, an online shopping website for beauty and wellness
products and also offers an online magazine, expert advice and
virtual makeover tools.
She was recognised as the ‘Top Business Woman’ by Business
Today in 2009 and 2011 and has received the FICCI Ladies
Organisation award for ‘Top Woman Achiever’ in the field of
banking in 2008. She holds a B.Com degree from the Mumbai
University and a PGDM from IIM, Ahmedabad.
She was appointed as an Independent Director of the Company
w.e.f. May 29, 2013.
The Board commends the Ordinary Resolutions set out at Items
Nos. 5 to 10 of the Notice for approval by the Members.
The above Independent Directors are interested in the Resolutions
mentioned at Item Nos.5 to 10 of the Notice with regard to their
