BOARD OF DIRECTORS

AJAY PIRAMAL

Chairman

DR. SWATI A PIRAMAL

Vice-Chairperson

 

DR. SWATI A PIRAMAL

Vice-Chairperson

Dr. (Mrs.) Swati Piramal is the Vice Chairperson of Piramal Enterprises Limited and a Whole-time Director. She is one of India's leading scientists and industrialists, and is involved in public health and innovation. She earned her medical degree from Mumbai University and completed her Master's in Public Health from the Harvard School of Public Health. She has used her background in medicine, public health and business to change the trajectory of healthcare, education, and public policy in India. Dr. Piramal is a member of the Harvard Board of Overseers and Dean's Advisor to Harvard Business School & Public Health.

In addition to her other commitments, Dr. Piramal is deeply committed to Corporate Social Responsibilities activities. She is involved in projects across healthcare, education, livelihood creation and youth empowerment. She aims to resolve issues that are critical roadblocks towards unlocking India's economic potential by finding innovative solutions. She also looks at avenues for promoting health in rural India with mobile health services, women's empowerment projects and supporting community education that create young leaders.

As the first woman president of India's Apex Chamber of Commerce in 90 years, she helped influence important public policies and governance. She served as an adviser to the Indian Prime Minister in science, technology and economic policy (2006-2014).

Dr. Piramal is a leader who makes a positive difference to the community and the world. Her contributions in innovations, new medicines and public health services have touched thousands of lives.

Following are some of her achievements:

  1. Nominated as one of the 25 Most Powerful Women in India, eight times in succession, from 2003 till 2011;
  2. Awarded the BMA Management Woman Achiever of the Year Award during 2004-05;
  3. Recipient of the Lakshmipat Singhania-IIM, Lucknow National Leadership Award;
  4. Recipient of one of France's highest honours – 'Chevalier de l'Ordre National du Merite' (Knight of the Order of Merit), for medicine and trade in 2006;
  5. In 2006, she also received an award in the field of Science and Technology from the Prime Minister of India, and was the recipient of the Chemtech Pharma Award for Biotech Industries;
  6. Received the Rajiv Gandhi Award for Outstanding Woman Achiever, from the Rajiv Gandhi Foundation in 2007;
  7. President of ASSOCHAM and was the first woman to be elected in 90 years of the history of ASSOCHAM during 2009-10;
  8. In 2010, she was conferred with the Distinguished Industrialist Award for outstanding contributions to the Pharmaceutical Industry by VIT (Vellore Institute of Technology);
  9. In 2011, she was nominated to the Hall of Fame as the Most Powerful Women in Business;
  10. During 2011, she was also awarded by the Hon. President of India, for contribution to better Corporate Governance, and received the Global Empowerment Award - UK, from Her Royal Highness, the Duchess of Kent;
  11. In 2012, she was honoured with the Padma Shri, by the President of India;
  12. During 2012, she was also elected as the Member of the Harvard Board of Overseers. She also received the Alumni Merit Award from Harvard, which is the highest award bestowed on an Alumni;
  13. In 2014, she received the Kelvinator Stree Shakti Award;
  14. In 2015, she featured in the LinkedIn Power Profile 2015 list for most viewed CEOs on LinkedIn, India.

GAUTAM BANERJEE

Independent Director

 

GAUTAM BANERJEE

Independent Director

Mr. Gautam Banerjee is a Senior Managing Director and Co-chairman of the Blackstone Asia Operating Committee. He is also the Chairman of Blackstone Singapore.

Mr. Banerjee's non-executive corporate roles outside of Blackstone include serving as an Independent Director of Singapore Airlines, GIC (Singapore's Sovereign Wealth Fund), The Indian Hotels Company and Piramal Enterprises. He also serves as a Vice Chairman of the Singapore Business Federation, Member of the Singapore Legal Service Commission and Chairman of raiSE, the Centre for Social Enterprise in Singapore. His other roles in the 'not for profit sector' include being a term trustee of SINDA and a member of the governing Board of Yale NUS College.

Previously, Mr. Banerjee served as Executive Chairman of PricewaterhouseCoopers (PwC) Singapore for nine years until his retirement in December 2012. He spent over 30 years with the firm in various leadership roles in Singapore, India and East Asia. His previous non-executive appointments included serving as a member of the Economic Development Board and the National Heritage Board.

He is a fellow of the Institute of Chartered Accountants in England and Wales, the Institute of Singapore Chartered Accountants and the Singapore Institute of Directors. He graduated with a Bachelor of Science (Honours) degree from Warwick University in 1977 and was awarded an Honorary Doctor of Laws (LLD) by the same University in 2014.

He was a Nominated Member of Parliament in Singapore from 2007 to 2009 and a member of the Singapore Economic Strategies Committee (2009/2010). He was awarded the Public Service Medal by the Singapore Government in 2014.

KEKI DADISETH

Independent Director

 

KEKI DADISETH

Independent Director

A Fellow of the Institute of Chartered Accountants of England & Wales, Mr. Keki Dadiseth joined Hindustan Lever Limited in India in 1973 as Manager in the Audit Department. His tenure in the Company included a three-year secondment to Unilever plc in London (1984-87), where he held senior financial and commercial positions. On his return to India in 1987, he joined the Board of Hindustan Lever and, until he became Chairman in 1996, headed several businesses (Detergents and Personal Products) and functions (Personnel and Acquisitions & Mergers activities) for the Group in India.

Mr. Dadiseth was appointed Director on the Board of Unilever plc and Unilever NV in May 2000 and a Member of the Executive Committee. On January 1, 2001, he took over as Director, Home and Personal Care, responsible for the HPC business of Unilever worldwide. He retired from Unilever in May 2005. He was also a Non-Executive Director of Prudential plc from 2005-2013, and Chairman and Senior Advisor to Sony India Ltd for four years till early 2013. He retired as a Member of the International Advisory Board of Goldman Sachs in October 2012, after serving for six years.

In India, Mr. Dadiseth is closely associated with various industry, educational, management and medical bodies. He is a Trustee of the Ratan Tata Trust and a Member of the Managing Committee, Breach Candy Hospital Trust. He is on the Boards of The Indian Hotels Company Limited, Britannia Industries, Piramal Healthcare, Siemens, ICICI Prudential Life Insurance, ICICI Prudential Asset Management Trust, Godrej Properties Limited, JM Financial Limited, JM Financial Services Ltd and has recently joined the Board of PIEM Hotels Ltd, a subsidiary of Indian Hotels. He is a Director on the Board of the Indian Business School. He is also Chairman/Member of Audit/Remuneration/Corporate Governance committees in some of these companies.

Mr. Dadiseth is the Non-Executive Chairman of Omnicom India, and Chairman of the Convening Board of Marsh & McLennan Companies, India. He is also a Member of the India Advisory Boards of PricewaterhouseCoopers Pvt Ltd, Accenture Services Pvt Ltd, and India Infoline, and a Senior Advisor to the World Gold Council, India.

DR. RAGHUNATH ANANT MASHELKAR

Independent Director

 

DR. RAGHUNATH ANANT MASHELKAR

Independent Director

Dr. R.A. Mashelkar, National Research Professor, is presently also the President of Global Research Alliance, a network of publicly funded R&D institutes from Asia-Pacific, Europe and USA with over 60,000 scientists. He served as the Director General of Council of Scientific and Industrial Research (CSIR), with 40 laboratories and about 20,000 employees for over 11 years. He was also the President of Indian National Science Academy.

Dr. Mashelkar is on the Board of Directors of several reputed companies such as Reliance Industries Ltd., Tata Motors Ltd., Thermax Ltd., Piramal Enterprises Ltd., KPIT Technologies Ltd, etc. He is deeply connected with the innovation movement in India and at present, he is the Chairman of India's National Innovation Foundation, Reliance Innovation Council, KPIT Cummins Innovation Council and Marico Innovation Foundation.

He is only the third Indian engineer to have been elected (1998) as Fellow of Royal Society (FRS), London in the twentieth century. He was elected Foreign Associate of National Academy of Science (USA) in 2005, Associate Foreign Member, American Academy of Arts & Sciences (2011); Foreign Fellow of US National Academy of Engineering (2003) and Fellow of Royal Academy of Engineering, U.K. (1996). Thirty-five universities have honoured him with honorary doctorates, which include Universities of London, Salford, Pretoria, Wisconsin and Delhi.

In August 1997, Business India named Dr. Mashelkar as being among the 50 path-breakers in the post-independent India. On 16 November 2005, he received the Business Week (USA) award of 'Stars of Asia' from the hands of George Bush (Sr.), the former President of USA. He was the first Asian scientist to receive it.

In the post-liberalised India, he has played a critical role in shaping India's S&T policies. He was a member of the Scientific Advisory Council to the Prime Minister over the past three decades. The President of India honoured Dr. Mashelkar with Padma Shri (1991), Padma Bhushan (2000) and Padma Vibhushan (2014).

PROF. GOVERDHAN MEHTA

Independent Director

 

PROF. GOVERDHAN MEHTA

Independent Director

Prof. Goverdhan Mehta is a leading researcher in the area of Chemical Sciences, and currently, he is Lilly-Jubilant Chair Professor at the University of Hyderabad. He started his professional career at IIT Kanpur and then moved to University of Hyderabad, where he became the Vice Chancellor during 1994-1998. Subsequently, he served as the Director of Indian Institute of Science, Bangalore for seven years (1998-2005). He was CSIR Bhatnagar Fellow (2005-2010) at IISc and National Research Professor (2009-2014) at the University of Hyderabad before taking up his present position.

Prof. Mehta is a Fellow of the Royal Society (FRS) and a Foreign Member of the Russian Academy of Sciences. He is also a Fellow of all the three Science Academies in India and the Third World Academy of Sciences.

He has been the President of Indian National Science Academy and International Council for Science. He is a recipient of Padma Shri from the President of India and has been conferred with 'Chevalier de la Legion d'Honneur' and 'Order of Merit – Commanders Cross' by the Presidents of France and Germany, respectively.

SIDDHARTH N. (BOBBY) MEHTA

Independent Director

 

SIDDHARTH N. (BOBBY) MEHTA

Independent Director

Mr. Siddharth N. (Bobby) Mehta is a former President and Chief Executive Officer of TransUnion LLC, a global provider of credit and information management services, from 2007 through 2012. From 1998 to 2007, Mr. Mehta held a variety of senior positions at Household International, HSBC Finance Corporation and HSBC North America Holdings, including CEO of HSBC North America Holdings, CEO of HSBC Finance Corporation and Group Executive (Credit Cards) at Household International. Prior to that, he was a Senior Vice President at the Boston Consulting Group and co-head of the firm's North American Financial Services Practice. Currently, he is on the Boards of AllState Insurance, TransUnion LLC, Datacard, Piramal Enterprises and Avant Credit. Additionally he serves on several non-profit boards including the Field Museum, the Chicago Public Education Fund, the University of Chicago Laboratory Schools and the Myelin Repair Foundation.

S. RAMADORAI

Independent Director

 

S. RAMADORAI

Independent Director

Mr. S. Ramadorai has been in public service since February 2011. Currently, he is the Chairman of National Skill Development Agency (NSDA) in the rank of a Cabinet Minister. The NSDA is an autonomous body that coordinates and harmonises the skill-development efforts of the Government and the private sector to achieve the skilling targets of the nation. He is also Chairman of the National Skill Development Corporation (NSDC), a one-of-its-kind, Public Private Partnership (PPP) in India, under the Ministry of Skill Development & Entrepreneurship that aims to promote skill development by catalysing creation of large, quality, for-profit vocational institutions.

He took over as the CEO of Tata Consultancy Services (TCS) in 1996, when the Company's revenues were at $155 million; and since then he led the Company through some of its most exciting phases, including its going public in 2004. In October 2009, he retired as CEO, leaving a $6 billion global IT services company to his successor. He was then appointed as the Vice Chairman and held office until he retired in October 2014, after an association of over four decades with the Company.

Mr. Ramadorai is currently the Chairman of AirAsia (India), Tata Advanced Systems Limited, Tata Technologies Limited and Tata STRIVE, which is the Tata Group's CSR skill development initiative that aims to address the pressing national need of skilling youth for employment, entrepreneurship and community enterprise. Recently, in March 2016, he retired as the Chairman of the Bombay Stock Exchange (BSE Limited) after having served for a period of six years on the Board. He continues to be an Independent Director on the Boards of Hindustan Unilever Limited, Asian Paints Limited and Piramal Enterprises Limited.

Given his keen passion to work for the social sector and community initiatives, he also serves as the Chairman of the Council of Management at the National Institute of Advanced Studies (NIAS) and the Chairman of the Governing Board at the Tata Institute of Social Sciences (TISS). He is also the President of the Society for Rehabilitation of Crippled Children (SRCC) – which is building a super-speciality children's hospital in Mumbai.

In recognition of Mr. Ramadorai's commitment and dedication to the IT industry, he was awarded the Padma Bhushan (India's third highest civilian honour) in January 2006. In April 2009, he was awarded the CBE (Commander of the Order of the British Empire) by Her Majesty Queen Elizabeth II for his contribution to the Indo-British economic relations. In 2016, he was also awarded The Economic Times - Lifetime Achievement Award for his glorious contribution to Tata Consultancy Services.

His academic credentials include a Bachelor's degree in Physics from Delhi University (India), a Bachelor of Engineering degree in Electronics and Telecommunications from the Indian Institute of Science, Bangalore (India) and a Master's degree in Computer Science from the University of California – UCLA (USA). In 1993, he attended the Sloan School of Management's highly acclaimed Senior Executive Development Programme.

Mr. Ramadorai is a well-recognised global leader and technocrat, who have participated in the Indian IT journey from a mere idea in 1960's to a mature industry today. He captured this exciting journey in a wonderfully personalised book titled 'The TCS Story...and beyond', which was published in 2011 and remained on top of the charts for several months.

DEEPAK M. SATWALEKAR

Independent Director

 

DEEPAK M. SATWALEKAR

Independent Director

Mr. Deepak M. Satwalekar serves on the India advisory board of a large European bank. He is currently active on the board of trustees of several non-profit organisations, engaged in the field of primary education for the low-income and underprivileged members of society in rural and urban India. He was the Managing Director and CEO of HDFC Standard Life Insurance Co. Ltd. till 2008. He has also been a consultant to the World Bank, the Asian Development Bank, the United States Agency for International Development (USAID) and the United Nations Human Settlements Programme (HABITAT).

Mr. Satwalekar is a recipient of the 'Distinguished Alumnus Award' from the Indian Institute of Technology (IIT), Bombay. He is on the Advisory Council of IIT Bombay, and has chaired or been a member of several industries, governments and the Reserve Bank of India expert groups.

N. VAGHUL

Independent Director

 

N. VAGHUL

Independent Director

Mr. Narayanan Vaghul is the Former Chairman of ICICI Bank Limited, which is the second largest Commercial Bank in the country. He is widely recognised in India for his role in pioneering the concept of the Universal Banking Model that laid the foundation for a new era in Indian Banking.

Mr. Vaghul received his Bachelor of Commerce (Hons) Degree from the University of Madras in 1956. He joined the State Bank of India in 1957 as a Probationary Officer, became the Director in the National Institute of Bank Management, Mumbai in 1976, before assuming charge as the Executive Director in Central Bank of India in 1978. He became the Chairman of the Bank of India in 1981 and was the youngest ever Chairman in a Public Sector Bank. He joined ICICI Limited as Chairman & CEO in 1985, and continued to head the Group till April 2009.

During his tenure in ICICI, he created several new institutions laying the foundation for the development of the Universal Banking. He started the first venture capital company in India in 1987; and from a small beginning this has become a leading venture capital company today. He was also instrumental in setting up ICICI Securities, an Investment Banking company. When the banking licence was thrown open to the non-state players, he set up a commercial bank with which ICICI was to merge, subsequently, to become the first major universal financial institution catering to the diverse needs of all segments of customers. He also pioneered the concept of 'Credit Rating' in India by setting up CRISIL. He was the Founder Chairman of CRISIL for close to 10 years and has helped in evolving the best practices of credit rating in the country.

Mr. Vaghul was deeply interested in spreading education, particularly to the under-privileged sections of society. He was the Chairman of 'Pratham', a leading NGO in this sector. He is associated with several foundations dedicated to the cause of primary education. He is deeply committed to the cause of science and technology and was responsible for setting up the first Science and Technology Park in the country - ICICI Knowledge Park. He is associated with Institute of Technology in Jaipur. He has been the Chairman of IFMR a Business School with an array of research centres engaged in a variety of economic and social research.

He is the recipient of numerous awards and honours. He was chosen as the Businessman of the Year by Business India in 1992. He was given Lifetime Achievement Award by the Economic Times in 2006. He received an award for his contribution to the Corporate Governance by the Institute of Company Secretaries in 2007. He was honoured with the Lifetime Achievement Award by the 'Ernst & Young Entrepreneur of the Year Award Program' in 2009. He was awarded the Padma Bhushan by the Government of India in 2009. He was awarded Life Time Achievement Award by Bombay Management Association in March 2013. He was also awarded 'Lifetime Achievement in Corporate Governance' by Asian Centre for Corporate Governance & Sustainability in December 2014.

NANDINI PIRAMAL

Executive Director

 

NANDINI PIRAMAL

Executive Director

Nandini Piramal is Executive Director of Piramal Enterprises and leads the Over-The-Counter (OTC) business of the Company. She heads the Human Resources function at Piramal Group and the Quality & Risk functions at Piramal Enterprises.

Over the last five years, under Nandini's leadership, the Company's OTC segment has become one of the fastest-growing Indian OTC businesses. All our brands are either no.1 or no.2 in their respective categories. She has played a pivotal role in Piramal Healthcare's branded generic-medicine business sale to Abbott Laboratories at a record 30x EBITDA. She has recently initiated an HR transformation strategy, with renewed focus on service delivery, customer centricity and operational excellence. This is a five-year restructuring programme, SEEDS, to build and develop the existing talent and to attract new talent.

In 2014, the World Economic Forum recognised Nandini as a 'Young Global Leader'.

Nandini is passionately involved with Piramal Foundation, the philanthropic arm of Piramal Group. She directs implementation strategy across Piramal Foundation Education Leadership programmes, Piramal Sarvajal and Piramal Swasthya. She graduated with BA (Hons) Politics, Philosophy, and Economics from Oxford University, followed by an MBA from Stanford Graduate School of Business.

VIJAY SHAH

Executive Director

 

VIJAY SHAH

Executive Director

Mr. Vijay Shah is an Executive Director on the Board of Piramal Enterprises and the Director of Piramal Glass. Mr. Shah has been associated with the Piramal Group for 28 years. Over the Group's history, he has successfully spearheaded many businesses and companies.

Mr. Shah joined the Piramal Group in 1988. He initiated the Strategic Planning function in Piramal Enterprises. He took over as Managing Director of Gujarat Glass Limited in September, 1992. The Company became a dominant player in the Indian Pharma packaging market with 40% market share and commanded a premium pricing. With the success of building a business and turning around a loss-making company, Mr. Shah was put in charge of a completely diverse business of Pharmaceutical Formulations in India. He then took over as the Executive Director and Chief Operating Officer of Piramal Healthcare in 2000. During the period, the Company moved from rank 23 to rank 4 in Indian Pharma Industry with several acquisitions, and created the largest field-force in Indian pharmaceutical market with 3,500 people, spanning across 10 divisions and four businesses.

He was involved in a number of acquisitions and handled postacquisition integration, along with heading the healthcare vertical, which included Pharma Solutions and Critical Care businesses. In October 2005, Mr. Shah aided the acquisition of the loss-making Glass Group's Cosmetic and Perfumery business in USA and then he once again took charge of Piramal Glass Limited as its Managing Director and successfully turned around a bankrupt company in the US acquisition, despite the recessionary trend.

With effect from 1st January, 2012, Mr. Shah took charge as Executive Director & Chief Operating Officer of Piramal Enterprises Limited, in charge of Pharma Solutions and Critical Care. In January 2014, he was appointed as the Chairman of the Pharma Operations Board of Piramal Enterprises Limited and Chairman of Investment Committee of Structured Investment Group (SIG).

Mr. Shah is a Commerce Graduate and a rank holder from the Institute of Chartered Accountants of India. He has completed his Management Education Programme from IIM, Ahmedabad and Advanced Management Program (AMP) from the Harvard Business School.