BOARD OF DIRECTORS
ENHANCING BOARD GOVERNANCE
Key Areas of Focus
- Selection of Board Members
- Board Evaluation
- Board Evaluation
- Succession Planning
- Policy on Director’s Appointment
- Legal and Regulatory Compliance
- Ethics and Integrity
- Anti-corruption and Anti-competitive Behaviour
A Diversified Board:
We have 6 Board members, of whom 3 are Independent Directors, thereby validating the unbiasedness and fairness of our Board. Further, we also have 1 Female Board Members, driving gender inclusion at the management level. The Board meets every quarter to review the quarterly performance of the Company.
Independent Directors
Non-Executive Directors
Independent Directors
Board of Directors:
As on March 31, 2023
BOARD COMMITTEES
- Audit Committee
- Stakeholder Relationship Committee
- Nomination and Remuneration Committee
- Corporate Social Responsibility (CSR) & Environment, Social & Governance (ESG) Committee
- Risk Management Committee
- Project Review Committee
- Securities Allotment Committee
Dr. Praveer Sinha
Chairman
(w.e.f. 29th March 2023)
Dr. Sinha is MD & CEO, TATA Power and with his expertise in the power sector, Dr. Sinha is leading Tata Power’s transition into a sustainable and customer-centric green energy solutions company, while fostering collaborations for clean energy innovations. With a background in Electrical Engineering and advanced degrees, including a PhD, Dr. Sinha brings a wealth of expertise to his role, he is also serving as a visiting faculty at MIT.
Sanjay Bhandarkar
Independent Director
Sanjay Bhandarkar led Rothschild India till 2016 when he stepped down from a full time role. A rich background in corporate finance and investment banking, Sanjay Bhandarkar brings valuable expertise to the boards of Tata Power, S Chand & Company, HDFC Asset Management, and the National Investment and Infrastructure Fund. He holds an MBA from XLRI, Jamshedpur.
Nishi Vasudeva
Independent Director
Nishi Vasudeva, the former CMD of HPCL, made history as the first woman to lead an oil company in India and one of the few globally. Her visionary leadership at HPCL resulted in remarkable growth, profitability, and value creation. With a career spanning over 38 years in the petroleum industry, she has received prestigious accolades such as the Platts “Global CEO of the Year” in the energy sector and the SCOPE award for her exceptional contributions to public sector management.
T. R. Rangarajan
Independent Director
During his tenure as ED at EIL, T. R Rangarajan made significant contributions in project execution across diverse sectors including offshore, terminals, pipelines, and petrochemicals. His expertise extends to project management and technical consultancy, particularly in the field of polymers. He holds a Bachelor’s degree in Chemical Engineering from Annamalai University.
Vinayak Pai
Managing Director
Vinayak Pai, formerly the Group President at Worley, demonstrated exceptional leadership overseeing their businesses in the EMEA and APAC regions. With a distinguished career spanning over three decades in the Oil and Gas industry, he has successfully executed upstream and downstream projects, fostered business growth, and excelled in various key roles, including Engineering Design, Project Management, and Business Development.
Ritesh Mandot
Non-Executive, Investor Representative Director
Ritesh Mandot, a Partner at Tata Opportunities Fund, brings extensive expertise in private equity and investment banking. With a track record, including notable roles at GenNext Ventures, Milestone Religare, and MAPE Advisory, he has successfully executed transactions exceeding $750 Million. His contributions within Tata Capital have been instrumental in key investments, such as Tata Sky, Shriram Properties, Tata Projects, and Uber Technologies.
| Meetings held during FY2023 | |
|---|---|
| Board Meeting | 12 |
| Audit Committee Meeting | 8 |
| Nomination and Remuneration Committee Meeting | 4 |
| CSR & ESG Committee Meeting | 3 |
| Projects Review Committee Meeting | 8 |