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accounts iconBoard of Directors

Board of Directors

Shri Arun Ramanathan, a retired IAS Officer of Tamil Nadu Cadre (1973) is an Independent Director of the Company. In his stint of 36 years in the IAS, Shri Ramanathan has held assignments in diverse areas. His postings at the Centre at the level of Secretary were: Secretary Department of Chemicals, Petrochemicals and Pharmaceuticals, Secretary Financial Services and at superannuation in 2009, the Union Finance Secretary. Shri Ramanathan holds Masters Degrees in Nuclear Physics from Andhra University, Business Administration from Madras University and Development Economics from Cambridge University, all with distinction. He is also an Associate Member of the Institute of the Cost and Works Accountants of India.

Shri Ramanathan has served on the Boards of over 35 Companies including State Bank of India, IDBI, LIC, ICICI, IIFCL, IDFC, ONGC, Shipping Corporation of India, Tamil Nadu Petrochemicals Ltd, National Textiles Corporation, ONGC Videsh, Titan Industries, United Stock Exchange, Indian Clearing Corporation, Jenson and Nicholson, JCT Electronics, Religare Enterprises and L&T Infra Debt Fund. He has served as Chairman of the Audit Committees of ONGC, ONGC Videsh, and SCI. Shri Ramanathan is a serving Member on the Investment Committee of the Tamil Nadu Infrastructure Management Company, the Advisory Committee of the Hindustan Latex Family Promotion Programme, the Project Management Board of FINISH,( a Netherlands promoted organisation involved in rural sanitation in India) and on the Outside Experts Committee of the ONGC. He served on the India Advisory Council of Daimler Commercial Vehicles(India) between 2010 and 2016.

Shri Ramanathan is currently an Independent Director on the Boards of Equitas Holdings Limited and Thirumalai Chemicals Ltd.
Mr. Arun Kumar Verma, Independent Director is a Fellow Chartered Accountant from ICAI. He is also a Law Graduate and holds a Diploma in Information Systems Audit. He is the past Chairman of the Bhubaneswar Branch of EIRC of ICAI and a Peer Reviewer in Peer Review Board, ICAI besides being a Guest Faculty in University Law College, Bhubaneswar. He has been in Public Practice as Chartered Accountant since 1979.

High Ethical Standards and Integrity have been the guiding factors for Mr. Arun Kumar while discharging his duties in Public Practice. He was felicitated for ‘War Against Corruption’ by Transparency International India on World Anti-Corruption Day - 9th December, 2007.

During Public Practice, he has been professionally associated, inter alia, with Steel & Mines Department, Commercial Taxes Department of Govt. of Odisha. He has rendered service as a Vigilance Auditor for Orissa Mining Corporation Ltd, Govt. of Odisha Undertaking. He has also been associated with National Rural Health Mission, Odisha, Konark Met Coke Ltd, Orissa State Civil Supplies Corporation Ltd, National Vector Borne Disease Control Program, funded by World Bank, Orissa State Warehousing Corporation Ltd, State Resource Centre of the National Literacy Mission, State Bank of India and various other nationalised banks and insurance companies.
Prof. N. Balakrishnan, Independent Director is a scientist of high international repute and has been conferred numerous prestigious awards. He received his B.E. (Hons.) in Electronics and Communication from the University of Madras in 1972 and Ph.D. from the Indian Institute of Science in 1979. He is currently the Associate Director of the Indian Institute of Science and a Professor at the Department of Aerospace Engineering and at the Supercomputer Education and Research Centre. He played a crucial role in building India's first Supercomputer Centre and the National Centre for Science Information at the Indian Institute of Science. His areas of research, where he has over 200 publications in the international journals and international conferences include, Numerical Electromagnetics, High Performance Computing and Networks, Polarimetric Radars and Aerospace Electronic Systems, Information Security, Digital Library and Speech processing.

He has been a visiting research scientist and an Honorary/ Visiting Professor in many leading international universities and institutions. He also served in the past as a Member of the National Security Advisory Board, Part-time Member of Telecom Regulatory Authority of India Member of Scientific Advisory Committee to Cabinet, Member of Board of Governors of CDAC, ISI, IIT Chennai and Delhi, Director of Bharat Electronics Limited, IFCI, Central Bank of India, Bharat Sanchar Nigam Limited, CDOT-Alcatel Research Centre, Chennai, a member of the Council of CDAC and many universities and CSIR laboratories.

Prof. Balakrishnan has provided critical inputs in many major National initiatives in IT Planning and Information Security. He played a key role in the shaping of the Information Security and Cryptanalysis Research Plans and Radar Cross Section Prediction and Management, of DRDO, Technology Facility Organization of India and the CERT-IN of the Ministry of Information and Communication Technology. He is also the National Coordinator of the Indo-French Cyber University and Indo-US Digital Library Projects. Along with his colleagues from India, China and the US, he has created the world's largest Digital Library hosting more than a million books, freely accessible to all, anywhere and anytime.
Ms. Lalitha Lakshmanan, Independent Director has over 35 years of experience in the Banking Sector and holds a Master’s degree in Bank Management from Alagappa University, Tamilnadu, India. After a brief stint of 3 years in ITC Bangalore, Mrs Lalitha Lakshmanan joined Canara Bank as a Probationary Officer in 1975. Promoted as Manager in 1985, Executive in 1995, she retired as Chief General Manager in June 2013.

Ms. Lalitha Lakshmanan was the FIRST WOMAN CIRCLE HEAD of the Bank after 1987. She was successful in all her assignments, had pan-India exposure in operations and various facets of Banking. Besides surpassing business targets, she was successful in accomplishing targets under Insurance and Mutual fund. Having had many firsts to her credit, Large & Exceptionally Large branches headed by her, were adjudged with many accolades including declaring them as Best Branches/Model Branches.

As a promising and performing youngest Executive, she was selected amongst 9 bankers representing the country, to participate in a conclave held at Luxembourg for three weeks on ‘customer orientation’ programme in 1998.

She was one amongst 12 bankers to participate in the Exchange programme, “Marching towards World Class Banking” conducted by RBI/MDI in 2009. Her interactions with the regulator during the program helped her in gaining insights as to how RBI guided and monitored commercial Banks in India and weathered the financial crises of 2008-2009 in comparison with European counterparts. She was a part of many internal committees at various levels during her tenure at H.O.
Mr Nagarajan Srinivasan, also known as Srini, serves as Head of South Asia at CDC Group plc, which is a development Financial Institution, wholly owned by the UK Government. He focuses on direct investments in India for the CDC Group. In his current role, he is CDC's representative on the ground and responsible for its investments in the region. He is presently based out of India and advises CDC Group on equity and debt financing transactions in South Asia. He was previously a Regional Director for South Asia, since 2013 at CDC.

Mr Srinivasan previously served as a Director of Financial Services at Actis Capital, LLP, which is a global PE firm. He joined the company in 2004 and focused on deal origination in the financial services sector in South Asia and India. He spent eight years in Sub-Saharan Africa with both Standard Chartered Plc and CDC which he joined in 1996.

He served as a Nominee Director at Utkarsh Micro Finance Private Limited till May 2, 2017. He served as Non-Executive & Non-Independent Director at Equitas Holdings Limited since December 18, 2013 until April 21, 2016. He also serves as a Nominee Director in Rainbow Children’s Medicare Private Limited and India Infoline Finance Limited and as a Director in the Boards of CDC India Advisors Private Limited and Ayana Renewable Power Private Limited.

Mr Srinivasan holds an M.B.A. and a Master's degree in Economics from Warwick School of Business.
Mr. Sridhar Ganesh, Independent Director and an alumnus of IIM Calcutta, was until recently the Director of Human Resources of the Murugappa Group besides being the Lead Director for the diversified businesses of the Group. Prior to joining the Murugappa Group in 2007, Mr Sridhar was working with Cadbury Schweppes plc, based in the UK and was their Learning & Development Director for the EMEA region.

From 1993 to 2001, he was the HR Director for Cadbury India Limited and prior to that was the Head of Personnel Department for Berger Paints India Limited. Mr Sridhar has over forty years of experience in varied facets of human resource management, at both operational and strategic levels. He has worked extensively in the areas of Leadership Development, Employee Engagement, Organisation Culture, Personal Impact and Presence and Coaching - a responsibility which he is passionate about.

Mr Sridhar works as a Leadership Coach for senior level executives in business. He is the Chairperson of the Management Development Centre at Loyola Institute of Business Administration (LIBA). He is also on the Boards of several Companies and has a deep interest in social work.
Mr. Srinivasan N had been a central banker and development banker for 30 years in Reserve Bank of India and NABARD. He holds a master’s degree in economics. Over the last ten years, he has been involved in design, supervision and evaluation of policy, strategy and implementation of several development finance and rural development projects and building institutions in India and abroad. His areas of interest are development banking, microfinance and rural finance, livelihoods and financial inclusion. He has authored Microfinance India SOS Reports for four years which are regarded as reference material for the sector. He has jointly authored the State of India’s Livelihoods report for the years 2015 to 2017 besides contributing to many other books as a joint author. Besides Equitas Small Finance Bank, he currently serves as an independent director on the boards of three companies and three development trusts. He has been a member of the Indian Microfinance Equity Fund supervisory board (SIDBI/GOI) for over three years. As an international expert on development finance and livelihoods, he continues to work with World Bank, IFAD, GIZ, KFW, Microsave and other institutions as a consultant and advisor.
Ms. TabassumInamdar, Independent Director is a qualified Chartered Accountant with a career in Investment Banking spanning over two decades. She has rich experience across reputed firms like Goldman Sachs, UBS Securities, Kotak Securities and Jardine Fleming India Broking Limited. Key highlights of her investment banking experience are:

  • Indepth analysis and research on the financial sector identifying stocks for investments in India and interacting with clients for building a strong franchise
  • Publishing thematic reports on financial services sector including Asset quality in Asia, Asia Digital Banking, Returns and Investment Opportunities in Asia, PSU Bank reforms, retail lending, rural banking, infrastructure lending, insurance business, capital account convertibility, etc.

Post her retirement from Goldman Sachs, Ms Inamdar has decided to focus on the social sector and plan to associate herself with the Education and Financial inclusion space. Currently, she is trying to assess the best model in the education space, while continuing to support Akanksha and Teach for India. Simultaneously, she is also helping a micro-insurance distributor co-operative that is focused on women employed in the informal sector and earning low income.
Mr. Vinod Kumar Sharma, Independent Director holds a Bachelor’s degree in Science as well as a Master’s degree in Science (Physics) from Saugor University.

Prior to joining Equitas, he served as an executive director of the RBI and has chaired the Working Group on Interest Rate Futures and Working Group on Common Clearing for Commodity Exchanges.
Mr. Vasudevan P N, Managing Director & CEO holds a Bachelors degree in Science from University of Madras. He is a qualified company secretary from the Institute of Company Secretaries of India.

He has extensive experience in the financial services sector and has served as the Head – Consumer Banking Group in Development Credit Bank Limited, for more than one and half years.

He has worked for about two decades in Cholamandalam Investment and Finance Co Limited, part of the Murugappa Group, where he joined as a management trainee and resigned as vice president and business head of vehicle finance. He was also the chairman of the managing committee of the South India Hire Purchase Association for the Financial Year 2006.
Mr Navin Puri, brings with him over three decades of expertise in the Banking and Financial services spanning HDFC Bank and ANZ Grindlays Bank. As Country Head - Branch Banking with HDFC Bank, he has built the largest, most profitable and admired financial distribution network, spanning across the whole of India including rural geography.

He has in-depth knowledge and understanding of the Indian Financial Retail Market. He has been the catalyst in driving digitalization and improving customer experience.

Navin brings in considerable expertise in managing regulatory/legal compliance. He has successfully executed four mergers. Due to his domain expertise, he was the convener of Indian Bankers Association (IBA) sub-committee from 2016-18 and finalized / recommended several model policies on behalf of IBA.

As a Leader, he has developed capable & empowered teams. He has earned a reputation of being a People’s Person and considered as a “Role Model” by his team.

As a member of HDFC Bank CSR committee, he has been involved in CSR activities across India in areas of education, skill development, rural development, sanitation and health, financial literacy, water management, soil management, organic farming and renewable energy.

He is Master of Business Administrations (TCU), Chartered Accountant (ICAI), Bachelor of Commerce, (St. Xavier’s College, Calcutta) and ISC from Mayo College Ajmer.