Balaji Rao

D.J. Balaji Rao

Independent Director

D J Balaji Rao, 79, holds a B.E. Degree in Mechanical Engineering from the University of Madras and is an Associate Member of Indian Institution of Industrial Engineering (AMIIIE). He attended the advanced management programme at the European Institute of Business Administration (INSEAD) at Fountainbleu, France in 1990.

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He pursued his career as an Industrial Engineer for about 8 years before joining erstwhile ICICI Ltd. (since merged with ICICI Bank Ltd.) in 1970. After wide ranging responsibilities in different locations, he reached the position of Deputy Managing Director. He subsequently took over as the Vice Chairman and Managing Director of SCICI Ltd., in August 1996. With the merger of SCICI Ltd. with ICICI Ltd., he moved to Infrastructure Development Finance Co. Ltd. (IDFC), as its first Managing Director, which he served till his superannuation in January 2000. He has served as the Non-Executive Chairman of 3M India Ltd. between 2008 and 2014. He is on the boards of many leading companies, including Bajaj Auto Ltd., Bajaj Finance Ltd. and CMI FPE Ltd.

His directorships/committee positions are as under:

Major Directorships
Bajaj Finserv Ltd.
Bajaj Auto Ltd.
Bajaj Finance Ltd.
Bajaj Holdings & Investment Ltd.
CMI-FPE Ltd.

Committee positions
Bajaj Finserv Ltd.
Bajaj Auto Ltd.
Bajaj Holdings & Investment Ltd.
CMI-FPE Ltd.

Committee Chairmanships
Bajaj Auto Ltd.
Bajaj Holdings & Investment Ltd.
CMI-FPE Ltd.

Shareholding in the Company as on 31 March 2019: Nil

Nature of expertise in specific functional areas: Management & Strategy, Operations & Engineering, Finance & Taxation, Banking, Investment & Treasury and Forex Management, Insurance, Mutual Fund & Financial Services, Audit & Risk Management, Corporate Governance and Ethics and such other areas.

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Shri Manish Kejriwal

Director

Manish Kejriwal is the Managing Partner of Kedaara Capital, a private equity investment fund focused on India. The firm’s investors include endowments, private and public pension funds, sovereign wealth funds and global family offices.

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Kedaara Capital partners with entrepreneurs and management teams to build enduring value in growth oriented businesses and support them to achieve higher levels of performance. Kedaara also actively engages with family owned businesses to identify and create carve out plays, which with a focused approach can create a win-win for promoters and Kedaara. They offer solution-oriented capital combining deep strategic & operational expertise in focused sectors, consultative approach and global connectivity to deliver superior returns. The firm enjoys a strategic partnership with Clayton, Dubilier & Rice.

In early 2004, Mr. Kejriwal founded the India office of Temasek Holdings Pte. Ltd., where he headed all its investments and other activities till September 2011. During this time, Temasek invested over US$ 4 billion in India. He was a Senior Managing Director and also held multiple responsibilities in Temasek Singapore. He was a core member of its senior leadership team and a key member of Temasek Holding’s Senior Management Committee (SMC), and its Senior Investment & Divestment Committee (SIDC). At different times in his career, he also led the firm’s global investments in the FIG sector, and its investments in Africa, Middle-East and Russia. Manish brings over 15 years of experience, encompassing the full cycle of experiences in private equity across a variety of industries and sectors in private and public companies, and in other private equity funds.

Prior to Temasek, Manish was a Partner at McKinsey & Company, Inc. and was part of their New York, Cleveland and Mumbai offices. He helped found “The Private Equity Practice” during his years in New York and was instrumental in conceiving and co-authoring the widely followed “NASSCOM McKinsey reports”. Prior to McKinsey, Manish had worked at the World Bank in Washington D.C. and with Goldman Sachs (Principal Investment/Corporate Finance) in HK.

Manish received an AB from Dartmouth College where he graduated Magna Cum Laude with a Major in Economics and Engineering Sciences and where he received the Dean’s Plate. He holds an MBA from Harvard University, where he graduated with high distinction as a Baker Scholar.

Manish is currently a member on the boards of Parksons Packaging, Bajaj and Bharti. Over the years he has been on the boards of various portfolio companies: Temasek Holdings Advisors India, Punj Lloyd, Bharti Infratel, Fullerton Financial Holdings and Fullerton India Credit Company. He is passionate about driving a few select education initiatives reflected by his ongoing involvement in the United World College movement, as a founder trustee at Ashoka University and as a member of the Harvard Alumni Board.

He is an active member of the Young Presidents’ Organization (YPO) and was named a Young Global Leader (YGL) by the World Economic Forum. He was profiled as one of the “25 hottest young executives in India” by Business Today. He has authored various articles on PE in India and has been profiled in various newspapers and periodicals. He is a sought after speaker at numerous conferences in India, Asia and North America.
Manish also serves as a member of the Alternative Investments Policy Advisory Committee, constituted by the Securities & Exchange Board of India (SEBI).

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Nanoo Gobindram Pamnani

Nanoo Gobindram Pamnani

Chairman

Nanoo Pamnani, 74, is B A (Hons) from Bombay University (stood first in the University in Economic Major) & B Sc (Economics) from London School of Economics (Majored in Economics and Econometrics). He is on the boards of many leading companies, including Bajaj Auto Ltd., Bajaj Finance Ltd., Bajaj Allianz General Insurance Company Ltd. and Bajaj Allianz Life Insurance Company Ltd. In his career spanning over 40-years, he held many key positions and handled a range of senior assignments both in India and abroad, which include the following:

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  • Director for Citibank N.A., Asia Pacific Group, based in Singapore.
  • Non-Executive Chairman of Citibank, N.A., India
  • Chief Executive Officer, Citibank, N.A., India
  • Sector Executive Citibank, N.A., Emerging Markets, (Asia, Latin America, Central and Eastern Europe, and Middle East and Africa) based in London.
  • Division Executive, Citibank, N.A., Asia Pacific Private Banking Group, based in Singapore.
  • Chief Executive Officer, Citibank, N.A., Philippines, based in Manila.
  • Chief Executive Officer, Citibank, N.A., India
His directorships/committee positions are as under:

Major Directorships
Bajaj Finserv Ltd.
Bajaj Auto Ltd.
Bajaj Finance Ltd.
Bajaj Holdings & Investment Ltd.
Bajaj Housing Finance Ltd. - Chairman
Bajaj Allianz Life Insurance Company Ltd.
Bajaj Allianz General Insurance Company Ltd.

Committee positions
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Bajaj Auto Ltd.
Bajaj Holdings & Investment Ltd.
Bajaj Housing Finance Ltd.
Bajaj Allianz Life Insurance Company Ltd.
Bajaj Allianz General Insurance Company Ltd.

Committee Chairmanships
Bajaj Auto Ltd.
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Shareholding in the Company as on 31 March 2019: Nil

Nature of expertise in specific functional areas: Management & Strategy, Global Business Leadership, Information Technology, Systems & Computers, Finance & Taxation, Banking, Investment & Treasury and Forex Management, Insurance, Mutual Fund & Financial Services, Audit & Risk Management, Corporate Governance and Ethics and such other areas.

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Dr Gita Piramal

Independent Director

Dr. Gita Piramal, 64, is currently engaged in academic research at the University of Oxford. An entrepreneur and businesswoman, author and journalist, she has a PhD in business history from Bombay University. For two decades, she contributed to several Piramal family companies in India in various positions. She launched a publishing company and a real estate company. In 2012, she retired and gave up board responsibilities and management roles.

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Dr Gita Piramal

An award-winning author, she has written best-seller books, case studies, articles in international and Indian publications and commissioned and edited over 1,000 articles for The Smart Manager. She has also scripted, edited, featured and anchored television documentaries for international and Indian channels. She conceptualised and created content for three best-selling, award-winning programs for CNBC-TV18. She is associated with several trade and industry organisations, non-profit organisations and educational institutions. She is on the boards of many leading companies, including Bajaj Auto Ltd. and Bajaj Finance Ltd.

Major Directorships
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Bajaj Auto Limited
Bajaj Holdings & Investment Ltd.

Committee positions
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Bajaj Auto Limited
Bajaj Holdings & Investment Ltd.

Committee Chairmanship
Bajaj Finserv Ltd.

Shareholding in the Company as on 31 March 2019: Nil

Nature of expertise in specific functional areas: Management & Strategy, Global Business Leadership, Banking, Investment & Treasury and Forex Management, Corporate Governance & Ethics, Academics, Education, Authorship and such other areas.

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