Directors Report
S. Puri
Sanjiv Puri (61), DIN: 00280529, is the Chairman & Managing
Director of ITC Limited.
Puri was appointed as a Wholetime Director on the Board of ITC with
effect from December 6, 2015,
Chief Executive Officer in February 2017 and re-designated as the
Managing Director in May 2018.
He was appointed as the Chairman effective
May 13, 2019. He is an alumnus of the Indian Institute of Technology,
Kanpur, and the Wharton School of Business, USA.
Puri joined ITC in January 1986. During his career of close to four
decades at ITC and its subsidiaries, he has held several business leadership positions and
also handled a wide range of responsibilities in manufacturing, operations and information
& digital technology. Puri served as the Chief Operating Officer (‘COO') of
ITC between July 2016 and January 2017, and prior to that as President - FMCG Businesses
since December 2014. Earlier, he was the Divisional Chief Executive of the Tobacco
Division since December 2009, with additional responsibility for the Company's Trade
Marketing & Distribution (‘TM&D') Vertical from August 2012. He led ITC
Infotech
India Limited, a wholly owned subsidiary of ITC, as its Managing
Director from May 2006 to August 2009. Puri served between October 2001 and April 2006 as
the
Managing Director of Surya Nepal Private Limited, a joint venture
subsidiary company of ITC in Nepal.
Spearheading the ‘ITC Next' vision, Puri has driven an
extensive strategy reset to define new vectors of growth for each business with greater
focus on consumer-centricity, agility, resilience and innovation to build an even more
competitive, future-ready, climate positive and inclusive enterprise. Puri's emphasis
on purposeful and cutting-edge innovation has led to the creation of sharp focused
R&D platforms in areas aligned to market opportunities. Given his deep conviction that
mega trends like Digital and Sustainability will reshape the future, Puri has passionately
rallied the organisation to develop capabilities, channelise investments and resources to
enhance competitiveness of existing businesses, and also identify tech-enabled growth
opportunities. Lending new wings to
ITC's credo of ‘Nation First: Sab Saath Badhein', he has
articulated an ambitious Sustainability 2.0 vision that will enlarge ITC's
contributions to a net-zero future and meaningfully support national priorities.
Puri has served as the Chairman of the Expert Group constituted by the
Fifteenth Finance Commission of the Government of India to promote agri-exports and a
Member of the technology discussion group ‘Farm to Table - driving India's
agriculture sector digitally' constituted by the NITI Aayog. He was also the Chairman
of the ‘Action Council on ESG in Business' under the aegis of Business 20 India,
the official dialogue forum with the global business community as part of India's G20
Presidency, as well as the Co-Chair of the ‘Business Commission to Tackle
Inequality' set up by the World Business Council for Sustainable Development, Geneva.
Presently, Puri is the President of CII, the apex business and industry
association in the country. He is the Chairman of the Board of Governors of the Indian
Institute of Technology, Gandhinagar, and Chairman of the Advisory Council of the CII-ITC
Centre of Excellence for Sustainable Development. He is a Director on the Board of
US-India
Strategic Partnership Forum, Member of the BRICS Business Council -
India Chapter, and also a
Member of the Governing Body of the National Council of Applied
Economic Research.
In 2024, Puri was honoured with the ‘Business Leader of the Year
Award' by the All India Management Association, ‘Best CEO Award' by
Business Today, and ‘Transformational Leader Award 2022-23' by the Asian Centre
for Corporate Governance and Sustainability.
He was conferred with the ‘IMPACT Person of the Year, 2020'
Award by exchange4media, a leading online news platform, ‘Distinguished
Alumnus Award of the year 2018' by the Indian Institute of Technology, Kanpur,
and was also bestowed with an Honorary Doctorate by the XIM University, Bhubaneshwar.
Other Directorships
| Name of the company |
Position |
| ITC Hotels Limited |
Chairperson & |
|
Non-Executive Director |
| ITC Infotech India Limited |
Chairperson & |
|
Non-Executive Director |
| ITC Infotech Limited, UK * |
Chairperson & |
|
Non-Executive Director |
| ITC Infotech (USA), Inc. * |
Chairperson & |
|
Non-Executive Director |
| Surya Nepal Private Limited * |
Chairperson & |
|
Non-Executive Director |
| Indian School of Business |
Member, Governing |
|
Board and Executive |
|
Board |
Committee Membership of other companies: Nil
S. Dutta
Supratim Dutta (57), DIN: 01804345, was appointed as a Wholetime
Director on the Board of ITC effective
July 22, 2022. He is, inter alia, responsible for Finance, Accounting,
Internal Audit & IT Functions and also for the Investment Subsidiaries of the Company.
He continues to be the Chief Financial Officer (‘CFO') of the Company.
A qualified Chartered Accountant and Cost Accountant,
Dutta joined ITC in November 1990. In a career spanning over three
decades at ITC, he has held various senior roles in the finance function, both at the
business and corporate level. Before becoming the
CFO, he held the position of the Corporate Financial Controller of the
Company responsible for Accounts, Taxation and Finance operations, and prior to that, he
was Executive Vice President - Corporate Finance in charge of the Corporate Treasury,
Strategic Planning and Corporate Planning Functions of the Company. He has handled various
aspects of finance including Planning, Treasury, M&A, Accounting, Taxation, IT,
Investor Relations and business strategy. He has served as a Member of the World Business
Council for Sustainable Development CFO Network.
Presently, Dutta is a Member of the CII National Committee on Financial
Reporting.
Other Directorships
| Name of the company |
Position |
| Russell Credit Limited |
Chairperson & |
|
Non-Executive Director |
| ITC Integrated Business |
Chairperson & |
| Services Limited |
Non-Executive Director |
| Gold Flake Corporation Limited |
Chairperson & |
|
Non-Executive Director |
| Greenacre Holdings Limited |
Chairperson & |
|
Non-Executive Director |
| ITC Hotels Limited |
Non-Executive Director |
| ITC Infotech India Limited |
Non-Executive Director |
| ITC Infotech Limited, UK * |
Non-Executive Director |
| ITC Infotech (USA), Inc. * |
Non-Executive Director |
| Surya Nepal Private Limited * |
Non-Executive Director |
| WelcomHotels Lanka (Private) |
Non-Executive Director |
| Limited * |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| Russell Credit Limited |
Audit Committee |
Chairperson |
|
CSR Committee |
Chairperson |
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
| ITC Infotech India |
Audit Committee |
Chairperson |
| Limited |
|
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
H. Malik
Hemant Malik (58), DIN: 06435812, was appointed as a Wholetime Director
on the Board of ITC effective
August 12, 2023. He is also the Divisional Chief Executive of
the Foods Business Division of the Company. After completing his B.A.(Hons.) in Economics
from
Delhi University and M.B.A. from the Indian Institute of
Management, Calcutta, he joined ITC in June 1989 from the campus and
has more than 34 years of experience across multiple businesses of ITC including Tobacco,
Lifestyle Retailing, Foods and TM&D.
Prior to becoming the Divisional Chief Executive of the Foods Business
Division in October 2016, Malik was the Chief Executive of the TM&D Vertical from
April 2016. He headed the All India Tobacco
Sales function in 2001, where he contributed meaningfully to the
development of the FMCG Sales Network. He then assumed charge as the Head of
Marketing of the then nascent Foods Business in April 2002, where he was instrumental in
the launch and development of some of the key food brands of ITC including
‘Aashirvaad', ‘Sunfeast', ‘Bingo!', ‘YiPPee!' and
‘Kitchens of India'. Malik was then given the responsibility to set up the new
FMCG TM&D Vertical and was made the
COO of TM&D in April 2008. He thereafter took over as the COO of
Cigarette Brands and Supply Chain, India Tobacco Division (‘ITD') in August
2012, and was elevated as the Divisional Chief Executive of ITD in August 2015.
Malik is currently the Chairman of the Food Processing Committee of
FICCI.
Malik does not hold directorship of any other company.
B. Sumant
Sumant Bhargavan (60), DIN: 01732482, was appointed as a Wholetime
Director on the Board of ITC effective November 16, 2018. He oversees the Paperboards,
Paper and Packaging as well as the Personal Care and Education &
Stationery Products Businesses of the Company. He also oversees the TM&D Vertical and
the
Central Projects Organisation. Sumant, an alumnus of the National
Institute of Technology, Durgapur, joined ITC in January 1986, and has handled a wide
range of responsibilities across several businesses.
Prior to his appointment as a Director on the
Board of ITC, Sumant was President - FMCG Businesses since April
2016. Earlier, he was the Divisional Chief Executive of ITD. He also held responsibility
of the TM&D Vertical as COO from
November 2014 to March 2016 and as
Chief Executive for a period of one year from October 2016. He spent
his first 19 years with ITC in
Manufacturing operations of the Tobacco Division and has worked in four
production units as well as at the Head Office. In October 2004, he moved to the Foods
Business and set up the Snack Food category under the brand name ‘Bingo!'. He
has led ITC Infotech India Limited, a wholly owned subsidiary of ITC, as its Managing
Director from September 2009 to October 2014, and has been on the Boards of
ITC Infotech's wholly owned subsidiaries in the UK and the USA.
Sumant has also been on the Boards of Surya Nepal
Private Limited and The Tobacco Institute of India.
Presently, he serves as a Member of the CII Eastern
Region Council.
Other Directorships
| Name of the company |
Position |
| ITC Fibre Innovations Limited |
Chairperson & |
|
Non-Executive Director |
| The Tollygunge Club Limited |
Member, |
|
General Committee |
Committee Membership of other companies: Nil
S. Banerjee
Shilabhadra Banerjee (75), DIN: 02922331, joined the ITC Board as a
Non-Executive Director effective
July 24, 2014 and was appointed as an Independent Director effective
July 30, 2014.
Banerjee, a Masters in History from St. Stephen's College, Delhi,
Post Graduate Diploma holder in
Public Administration from the Indian Institute of Public
Administration, New Delhi, and an M.Phil in
Social Sciences from the University of Panjab, joined the Indian
Administrative Service in 1971. In a career spanning over 37 years, he has held several
eminent positions in the Government of India including that of Joint Secretary in the
Ministry of Petroleum and Natural Gas and the then Ministry of Urban Development. Banerjee
was Director General (Acquisition) in the Ministry of Defence and retired as Secretary,
Ministry of Tourism in October 2008. He has been a Visiting Fellow at the Queen Elizabeth
House, University of Oxford, UK. He also served on the Board of the Company from February
2010 to March 2014.
Banerjee does not hold directorship of any other company.
H. Bhargava
Hemant Bhargava (64), DIN: 01922717, was appointed as a Non-Executive
Independent Director on the ITC Board effective December 20, 2021.
Bhargava, a Post Graduate in Economics from the Lucknow University, has
also studied Masters in Financial Management from the Jamnalal Bajaj Institute of
Management Studies. He started his corporate journey in 1981 with the Life Insurance
Corporation of India (‘LIC') as the youngest Direct Recruit Officer, and reached
the zenith of becoming the Chairman in-charge and Managing Director of the organisation in
January 2019. He was also appointed as the Non-Executive Chairman of IDBI Bank Limited and
LIC Housing Finance Limited in January 2019. During his long tenure of 38 years, he worked
across diverse set of roles both in India and abroad, building multi-dimensional
experience in different capacities, especially in Marketing, International Operations and
new ventures. Adept at establishing new strategic initiatives with multiple stakeholders
and designing innovative marketing & sales campaigns, Bhargava has guided several
skilled professionals across the finance value chain. He also served on the Board of the
Company from July 2018 to August 2021.
Other Directorships
| Name of the company |
Position |
| Larsen & Toubro Limited # |
Nominee Director |
| SMC Global Securities Limited # |
Independent Director |
| UGRO Capital Limited # |
Independent Director |
| Providence Life Limited, PCC, |
Non-Executive Director |
| Mauritius * |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| Larsen & Toubro |
Stakeholders |
Member |
| Limited |
Relationship |
|
|
Committee |
|
| SMC Global Securities |
Audit Committee |
Member |
| Limited |
|
|
| UGRO Capital Limited |
Audit Committee |
Chairperson |
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
A. M. Bharucha
Alka Marezban Bharucha (67), DIN: 00114067, joined the ITC Board as a
Non-Executive Independent Director effective August 12, 2023.
She is a Senior Partner at Messrs. Bharucha & Partners, Advocates
& Solicitors, Mumbai. She completed her
B.A.(Hons.) and L.L.B. from the University of Bombay and Masters in Law
from the University of London.
She is a Solicitor with the High Court of Mumbai and Supreme Court of
England and Wales, and also an Advocate on Record with the Supreme Court of India.
She began her career with Mulla & Mulla and Craigie Blunt &
Caroe and joined Amarchand &
Mangaldas as Partner in 1992. In 2008, she co-founded
Bharucha & Partners, which has earlier been ranked by RSG
Consulting, London, amongst the top law firms in India. With over 30 years of experience,
she has been ranked by Chambers Global, Legal 500 and Who's Who Legal amongst
India's leading lawyers. She chairs the Transactions Practice at Bharucha &
Partners and her core areas of legal expertise include mergers & acquisitions, joint
ventures, private equity and banking & finance.
Other Directorships
| Name of the company |
Position |
| UltraTech Cement Limited # |
Independent Director |
| Hindalco Industries Limited # |
Independent Director |
| Aditya Birla Sun Life |
Independent Director |
| AMC Limited # |
|
| Honda India Power |
Independent Director |
| Products Limited # |
|
| Orient Electric Limited # |
Independent Director |
| Honda Cars India Limited |
Independent Director |
| Safalya Investments and |
Non-Executive Director |
| Traders Private Limited |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| UltraTech Cement |
Audit Committee |
Member |
| Limited |
|
|
|
Nomination, |
Member |
|
Remuneration and |
|
Compensation |
|
|
Committee |
|
| Aditya Birla Sun Life |
Stakeholders |
Chairperson |
| AMC Limited |
Relationship |
|
|
Committee |
|
|
Nomination, |
Chairperson |
|
Remuneration and |
|
Compensation |
|
|
Committee |
|
|
Corporate Social |
Chairperson |
|
Responsibility |
|
|
Committee |
|
| Honda India Power |
Audit Committee |
Chairperson |
| Products Limited |
|
|
|
Nomination and |
Chairperson |
|
Remuneration |
|
|
Committee |
|
Committee Membership of other companies (Contd.)
| Name of the company |
Committee |
Position |
| Orient Electric Limited |
Stakeholders |
Chairperson |
|
Relationship |
|
|
Committee |
|
|
Nomination and |
Chairperson |
|
Remuneration |
|
|
Committee |
|
|
Audit Committee |
Member |
| Honda Cars India |
Audit Committee |
Chairperson |
| Limited |
|
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
A. Duggal
Arun Duggal (77), DIN: 00024262, joined the ITC Board as a
Non-Executive Independent Director effective September 15, 2014.
Duggal, a Mechanical Engineer from the Indian Institute of Technology,
Delhi (‘IIT Delhi'), and an M.B.A. from the Indian Institute of Management,
Ahmedabad
(‘IIM Ahmedabad'), is an international banker with global
experience in financial strategy, M&A and capital raising. His professional
career includes 26 years with Bank of America (‘BoA'), primarily in the USA,
Hong Kong and Japan, with his last assignment as Chief Executive of BoA, India, from 1998
to 2001.
Technologies HewastheChiefFinancialOfficer of HCL
Limited, India, from 2001 to 2003. He has also been the Chairman of the
American Chamber of Commerce,
India, and on the Board of Governors of the National Institute of Bank
Management. He is presently a Trustee of the Chennai Mathematical Institute.
Duggal is involved in several initiatives in social & educational
sectors and is founder of FICCI's ‘Women on Corporate Boards' Programme,
the ‘Centre of
Excellence for Research in Climate Change and
Air Pollution' at IIT Delhi, and the ‘Centre for ESG
Research' at IIM Ahmedabad. He is recipient of
Distinguished Alumnus Awards from IIT Delhi and IIM Ahmedabad.
Other Directorships
| Name of the company |
Position |
| ICRA Limited # |
Chairperson & |
|
Independent Director |
| ASK Automotive Limited # |
Independent Director |
| Dr. Lal PathLabs Limited # |
Independent Director |
| Davenport Management |
Non-Executive Director |
| Consultants Services |
|
| Private Limited |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| ICRA Limited |
Audit Committee |
Member |
|
Stakeholders |
Member |
|
Relationship |
|
|
Committee |
|
| ASK Automotive |
Audit Committee |
Chairperson |
| Limited |
|
|
|
Stakeholders |
Member |
|
Relationship |
|
|
Committee |
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
| Dr. Lal PathLabs |
Stakeholders |
Chairperson |
| Limited |
Relationship |
|
|
Committee |
|
|
Nomination and |
Chairperson |
|
Remuneration |
|
|
Committee |
|
|
Audit Committee |
Member |
|
Corporate Social |
Member |
|
Responsibility |
|
|
Committee |
|
M. Gupta
Mukesh Gupta (62), DIN: 06638754, was appointed as a Non-Executive
Director on the ITC Board effective
October 27, 2021, representing LIC.
Gupta holds Degrees of Bachelor in Science and Masters in Business
Administration (Human Resources).
He joined LIC as a Direct Recruit Officer in 1984 and retired as its
Managing Director on September 30, 2021. During his long tenure of 37 years, he worked
across diverse set of roles building multi-dimensional experience in different capacities,
especially in Insurance and Marketing. Gupta held prominent positions in the
Corporate Office and three major zones of LIC, including Executive Director (Personnel)
and
Executive Director (Bancassurance) at Corporate Office, Marketing
Manager of Bikaner Division, Senior Divisional Manager of two Divisions viz., Amritsar and
Hyderabad, Regional Manager (Bancassurance & Alternate Channels) of LIC's South
Central Zone, Regional Manager (Marketing) of Western Zone, and Zonal Manager of the
Central Zone.
Other Directorships
| Name of the company |
Position |
| IDBI Bank Limited # |
Nominee Director |
| CFM Asset Reconstruction |
Independent Director |
| Private Limited |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| IDBI Bank Limited |
Audit Committee |
Member |
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
| CFM Asset |
Audit Committee |
Chairperson |
| Reconstruction Private |
|
|
|
Nomination and |
Member |
| Limited |
|
|
|
Remuneration |
|
|
Committee |
|
|
Corporate Social |
Member |
|
Responsibility |
|
|
Committee |
|
R. Jain
Rahul Jain (44), DIN: 07442202, joined the ITC Board as a Non-Executive
Director effective January 1, 2024, representing the Specified Undertaking of the Unit
Trust of India (‘SUUTI').
Jain, an IAS Officer, is also a Chartered Accountant and holds a
Masters Degree in Commerce from the
University of Pune. He is currently posted as Joint Secretary of the
Sixteenth Finance Commission of the Government of India. Prior to this, he was Joint
Secretary to the Government of India in the Department of Investment and Public Asset
Management,
Ministry of Finance.
Jain joined the Indian Administrative Service in 2005
(Madhya Pradesh cadre). In a career spanning over 18 years, he has
served as District Collector in various districts of Madhya Pradesh and as Director, Town
and Country Planning Department of the said state. He has extensive experience in the
fields of rural and urban development, urban planning, tourism promotion, revenue
administration, handling law and order, disaster management, regulatory matters in
administration and conducting elections. Jain has been on the
Boards of Rewa City Transport Services Limited, Bhopal Smart City
Development Corporation Limited and Indore Smart City Development Limited, amongst others.
Other Directorships
| Name of the company |
Position |
| Al Airport Services Limited |
Nominee Director |
| Al Assets Holding Limited |
Nominee Director |
| Al Engineering Services Limited |
Nominee Director |
| National Financial Holdings |
Nominee Director |
| Company Limited |
|
| National Land Monetization |
Nominee Director |
| Corporation Limited |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| Al Airport Services |
Audit Committee |
Member |
| Limited |
|
|
|
Corporate Social |
Member |
|
Responsibility |
|
|
Committee |
|
| Al Assets Holding |
Stakeholders |
Member |
| Limited |
Relationship |
|
|
Committee |
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
| Al Engineering |
Audit Committee |
Member |
| Services Limited |
|
|
|
Corporate Social |
Member |
|
Responsibility |
|
|
Committee |
|
S. Mukherjee
Shyamal Mukherjee (64), DIN: 03024803, joined the
ITC Board as a Non-Executive Independent Director effective August 11,
2021.
Mukherjee is a Chartered Accountant and also holds
Degrees of Bachelor in Commerce and Law from
Delhi University. He is the former Chairman and Senior Partner of
PricewaterhouseCoopers (‘PwC') in India. With over 37 years of experience,
Mukherjee started his professional journey with PwC in 1984 and became a Partner in 1993.
As PwC's Chairman, he was at the forefront of making it a more future-ready firm,
investing in and strengthening the firm's key capabilities across its people,
go-to-market initiatives and internal transformation. He has been known for building a
culture that is value-driven and encourages innovation & robust governance. He is
presently the
Managing Trustee of the Phanindranath Education Trust, Howrah, and also
a Member of the Bar Council of Delhi.
Other Directorships
| Name of the company |
Position |
| Bharti Airtel Limited # |
Independent Director |
| UrbanClap Technologies India |
Independent Director |
| Private Limited |
|
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| Bharti Airtel Limited |
Audit Committee |
Chairperson |
|
Stakeholders |
Member |
|
Relationship |
|
|
Committee |
|
| UrbanClap |
Audit Committee |
Chairperson |
| Technologies India |
|
|
|
Nomination and |
Member |
| Private Limited |
|
|
|
Remuneration |
|
|
Committee |
|
A. Nayak
Anand Nayak (72), DIN: 00973758, joined the ITC Board as a
Non-Executive Independent Director effective July 13, 2019.
Nayak is a Post Graduate in Personnel Management and Industrial
Relations from XLRI, Jamshedpur, from where he graduated in 1973. He joined ITC the same
year and served for more than 42 years until his retirement in December 2015.
During his long tenure with the Company, Nayak held various portfolios
and worked across several businesses as well as at Corporate Headquarters where he headed
the Human Resources Function from 1996 to 2015. He served on the Corporate Management
Committee of ITC for over 18 years from 1997 to 2015.
He was also responsible for overall management of Social Sector
initiatives under the CSR agenda of ITC, and mentored the Mission Sunehra Kal team in
crafting enduring sustainability solutions for rural India.
Nayak does not hold directorship of any other company.
S. Panray
Sunil Panray (66), DIN: 09251023, was appointed as a Non-Executive
Director on the Board of ITC effective August 11, 2021, as a representative of
Tobacco
Manufacturers (India) Limited (‘TMI'), a subsidiary of
British American Tobacco p.l.c. (‘BAT').
Panray holds Degrees of Bachelor in Commerce and
Masters in Business Administration from Concordia
University in Montreal, Canada. He is a retired senior executive. He
started his professional journey as a Senior Auditor and Financial Consultant with Raymond
Chabot Grant Thornton, Canada, and has held senior leadership positions at Imasco Limited,
Imperial Tobacco Canada, and BAT. He has also served as the Vice President - Finance and
Treasurer of Canadian National Railway Company, the largest transcontinental public
railway transportation company in Canada, from 2012 to 2016. During his professional
career, he has played key leadership roles in complex business & regulatory
environments, and has led significant M&A transactions as well as key strategic
initiatives across geographies.
Panray does not hold directorship of any other company.
N. Rao
Nirupama Rao (73), DIN: 06954879, was appointed as a Non-Executive
Independent Director on the Board of ITC effective April 8, 2016.
A Post Graduate in English Literature, she is also a Fellow - Harvard
University, Fellow - Brown University, Jawaharlal Nehru Fellow, and a recipient of the
Degree of Doctor of Letters (Honoris Causa) from the Pondicherry University. She was
conferred with the Vanitha Ratna by the Government of Kerala in 2016. She is currently a
Global Fellow of The Wilson Center in Washington, D.C., Council Member of the World
Refugee & Migration Council, Council Member & Court Member of the Indian Institute
of Science, Bengaluru, and an Advisor to the Board of US-India Business Council. She is
also a Member of the Council of Management and Society of the National Institute of
Advanced Studies as well as of the Board of Governors of the Indian Council for Research
on International
Economic Relations, besides being a Founder Trustee of The South Asian
Symphony Foundation, Bengaluru.
A career diplomat from the Indian Foreign Service from 1973 to 2011,
she served the Government in several important positions including that of the Foreign
Secretary of India. She has represented India in several countries during her
distinguished career and was the first Indian woman to be appointed High Commissioner to
Sri Lanka and Ambassador to China. She was also the first woman spokesperson of the
Ministry of External Affairs. After her retirement, she was appointed Ambassador of India
to the United States for a period of two years from 2011 to 2013.
Other Directorships
| Name of the company |
Position |
| JSW Steel Limited # |
Independent Director |
| KEC International Limited # |
Independent Director |
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| JSW Steel Limited |
Corporate Social |
Chairperson |
|
Responsibility |
|
|
Committee |
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
| KEC International |
Stakeholders |
Chairperson |
| Limited |
Relationship |
|
|
Committee |
|
|
Sustainability and |
Chairperson |
|
Corporate Social |
|
|
Responsibility |
|
|
Committee |
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
A. K. Seth
Ajit Kumar Seth (72), DIN: 08504093, joined the ITC Board as a
Non-Executive Independent Director effective July 13, 2019.
An alumnus of St. Stephen's College, Delhi, from where he did his
post-graduation in Chemistry,
Seth obtained an M.Phil in Life Sciences from the
Jawaharlal Nehru University, New Delhi, and Masters in Development
Finance from the University of Birmingham, UK. In 2015, the University of Birmingham
conferred upon him a Doctorate Honoris Causa.
Seth is a retired IAS Officer with administrative experience of more
than 41 years. He retired in June 2015 after serving for four years as the Cabinet
Secretary of the Government of India, the highest position in civil services. Thereafter,
he was appointed Chairman of the Public Enterprises Selection Board. In a varied and
distinguished career, his past assignments include postings in the Ministry of Commerce,
the Permanent Mission of India to the
United Nations at Geneva (dealing with GATT / UNCTAD) and the
Ministry of Textiles. Earlier in Uttar Pradesh, he served as Principal Secretary - Rural
Development, Special Secretary - Industries, Divisional Commissioner of Kumaon Division
and District Magistrate, Lucknow.
Seth does not hold directorship of any other company.
M. Shankar
Meera Shankar (73), DIN: 06374957, was appointed as a Non-Executive
Independent Director on the Board of ITC effective September 6, 2012.
A Post Graduate in English Literature, she joined the Indian Foreign
Service in 1973 and had a long career spanning 38 years. She served in the Prime
Minister's Office for six years from 1985 to 1991 working on foreign policy and
security matters. Thereafter, she led the Commercial Wing in the Indian Embassy in
Washington as Minister (Commerce) till 1995.
She returned as Director General of the Indian Council of Cultural
Relations overseeing India's cultural diplomacy. She has had extensive experience in
South Asia having worked on Bangladesh, Sri Lanka and Maldives as Under Secretary and
Deputy Secretary in the Ministry of External Affairs. Later as Joint Secretary, she headed
divisions dealing with neighbours, Nepal and Bhutan, and the South Asian
Association for Regional Cooperation (‘SAARC'). As Additional
Secretary, she handled the UN and international security issues. She served as Ambassador
of India to Germany from 2005 to 2009 and then to the United States from 2009 to 2011.
Other Directorships
| Name of the company |
Position |
| Adani Energy Solutions Limited # |
Independent Director |
| JK Tyre & Industries Limited # |
Independent Director |
| Pidilite Industries Limited # |
Independent Director |
| INDO-MIM Limited |
Independent Director |
Committee Membership of other companies
| Name of the company |
Committee |
Position |
| Adani Energy Solutions |
Audit Committee |
Member |
| Limited |
|
|
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
|
Corporate Social |
Member |
|
Responsibility |
|
|
Committee |
|
| JK Tyre & Industries |
Stakeholders |
Chairperson |
| Limited |
Relationship |
|
|
Committee |
|
|
Corporate Social |
Member |
|
Responsibility |
|
|
and Sustainability |
|
|
Committee |
|
| Pidilite Industries |
Corporate Social |
Member |
| Limited |
Responsibility |
|
|
Committee |
|
| INDO-MIM Limited |
Stakeholders |
Chairperson |
|
Relationship |
|
|
Committee |
|
|
Corporate Social |
Chairperson |
|
Responsibility |
|
|
Committee |
|
|
Audit Committee |
Member |
|
Nomination and |
Member |
|
Remuneration |
|
|
Committee |
|
A. Singh
Atul Singh (64), DIN: 00060943, joined the ITC Board as a Non-Executive
Director effective April 2, 2024, as a representative of TMI.
Singh holds Degrees of Bachelor in Commerce from St. Xavier's
College, Kolkata, and Masters in Business Administration from the Neeley School of
Business, Texas, USA. He is a retired executive with more than 35 years
of diverse experience in consumer-oriented roles across multiple geographies. He started
his career as an Auditor with Price Waterhouse, USA, and has held several senior
leadership positions at Colgate-Palmolive, Coca-Cola and Fawaz Abdulaziz Alhokair Company.
In 2022, he assumed the role of Executive Vice Chairman (Senior Management Personnel) of
Raymond Limited, a position from which he stepped down in August, 2023.
Presently, Singh is a Member of Young Presidents' Organization,
New Delhi Chapter, and a Member Designate of the Governing Board of Plan International,
India Chapter, a NGO working in over 80 countries. He has been on the Boards of
Genesis Colors Limited, Coca-Cola India Private Limited and
Coca-Cola India Foundation, amongst others. He was an Independent Director on the Board of
Bata India Limited from 2011 to 2014. He has also served as Chairman of the American
Chamber of Commerce in
India and as a Member of the Advisory Board of AIESEC, the
world's largest student organisation, in India.
Other Directorships
| Name of the company |
Position |
| Compass Limited * |
Non-Executive Director |
Committee Membership of other companies: Nil
P. Subrahmanyam
Pushpa Subrahmanyam (62), DIN: 01894076, was appointed as a
Non-Executive Independent Director on the Board of ITC effective April 2, 2024.
A Masters in Development Planning and Project
Management from the University of Bradford, UK, and a Masters in
Political Science from the University of Hyderabad, she is a retired IAS Officer with
administrative experience of over 36 years.
She joined the Indian Administrative Service in 1985
(Andhra Pradesh cadre) and has worked across several sectors including
tribal, women & child development, urban development and poverty alleviation. She was
the Secretary of the Ministry of Food Processing Industries, Government of India, for more
than three years, from where she retired in January, 2022. She also worked as Finance
Secretary of the combined State of Andhra Pradesh and has expertise in handling public
finance. Since 2013, she managed the employment intensive sectors of textiles and food
processing industries at the national level in the Government of India. She has had high
level exposure to policy making having worked in the Prime Minister's Office for four
years. She also worked with the erstwhile Department for International Development, UK, as
Governance Adviser for three years.
She has been on the Boards of National Textile
Corporation Limited, Andhra Pradesh Power Generation
Corporation Limited, Transmission Corporation of Andhra Pradesh Limited
and Andhra Pradesh
Urban Finance and Infrastructure Development
Corporation Limited, amongst others.
She presently does not hold directorship of any other company.
* Denotes foreign company
# Denotes Indian company whose securities are listed on a
recognised stock exchange
Notes:
1. Other Directorships and Committee Memberships of Directors
are as on 23rd May, 2024.
2. Committee Memberships cover Committees under the Companies
Act, 2013 viz., Audit Committee, Stakeholders Relationship Committee, Nomination and
Remuneration Committee and Corporate Social Responsibility Committee of Indian companies.
|