He pursued his career as an Industrial Engineer for about eight years before

He pursued his career as an industrial engineer for

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He pursued his career as an Industrial Engineer for about eight years before joining erstwhile ICICI Ltd. (since merged with ICICI Bank Ltd.) in 1970. After holding 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, where 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.His directorships/committee positions are as follows:Major DirectorshipsBajaj Finserv Ltd. Bajaj Auto Ltd.Bajaj Finance Ltd.Bajaj Holdings & Investment Ltd.CMI FPE Ltd.*Committee membershipsBajaj Finserv Ltd.Bajaj Auto Ltd.*Committee ChairmanshipsBajaj Auto Ltd.Bajaj Holdings & Investment Ltd.CMI FPE Ltd.Shareholding in the Company as on 31 March 2019: NilNature 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, etc.He was first appointed to the Board with effect from 30 January 2008 and his last drawn remuneration during the financial year 2018-19 was H1,500,000. More details about the remuneration are available in the Annual Report. He will be eligible for payment of sitting fee and commission, as payable to other non-executive directors of the Company, as per the Remuneration Policy of the Company.He is not related to any of the key managerial personnel of the Company. Disclosures of his relationship inter-se with other directors and on the number of Board meetings attended by him are given in the Corporate Governance Report. None of the directors or key managerial personnel or their relatives, except Balaji Rao Jagannathrao Doveton, are directly or indirectly concerned or interested, financially or otherwise, except to the extent of their respective shareholding, if any, in the Company.The Board commends this special resolution set out in item No. 8 of the Notice for approval by shareholders.*Chairmanship and membership of audit committee and stakeholders relationship committee are considered
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Notice12th ANNUAL REPORT 2018-19153. Dr. Gita Piramal (DIN 01080602)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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