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BOARD OF DIRECTORS

Mr. Rangachary N, Independent Non Executive Chairman

Mr. Rangachary N, is an independent Director of our Company and the Chairman of our Board. He was appointed as the Chairman on July 26, 2007 and Independent Director of our Company on June 29, 2015. He is a fellow member of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and Institute of Company Secretaries of India. In the past, he has served as the Chairman of Central Board of Direct Taxes and Chairman of the IRDAI. He has also served as the Advisor to the Government of Andhra Pradesh on Finance. He was a member of the Expert Committee on General Anti-Avoidance Rules (GAAR) and headed the Committee to Review Taxation of Development Centres and the IT Sector, a high-level committee set up by the Prime Minister in the year 2012 for bringing clarity on taxation issues, pertaining to the Information-Technology sector and development-related centres.

Mr. Arun Ramanathan, Independent Director

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 the Non Executive Chairman of Equitas Small Finance Bank and an Independent Director on the Board of Thirumalai Chemicals Ltd.

Ms. Jayshree Ashwinkumar Vyas, Independent Director

Ms. Jayshree Ashwinkumar Vyas is an Independent Director of our Company. She was appointed as an additional Director of our Company on November 12, 2014 and was appointed as an Independent director on June 29, 2015. She is a qualified chartered accountant from the Institute of Chartered Accountants of India and has been the managing director of Shri Mahila Sewa Sahakari Bank Limited since 1986.

Mr. Rajaraman P V, Independent Director

Mr. Rajaraman P V, is an Independent Director of our Company. He was appointed as a non-executive Director of our Company on November 2, 2011 and re-appointed as an independent Director of our Company on June 29, 2015. He holds a Bachelors degree in Science (Physics) as well as a Masters degree in Science (Physics) from the University of Madras. He also holds M.A. in Management Studies (Developing Countries) from the University of Leeds. He was a member of the Indian Administrative Service from 1967 to 2004. He has more than three decades of experience in the Indian Administrative Service and has served in various capacities including Collector, Erode district, Managing Director of India Cements, Chairman and Managing Director of Tamil Nadu Housing Board, commissioner of Sugar, Secretary to the Government of Tamil Nadu in the Commercial Taxes, Home and Finance departments, chairman of Tamil Nadu Industrial Investment Corporation. He has also served as a director on the boards of Small Industries Bank of India, Hindustan Petroleum Corporation Limited and Indbank Merchant Banking Services Limited. He is a recipient of a Padma Shri Award from the President of India in 2015 for distinguished service.

Mr. Viswanatha Prasad Subbaraman, Independent Director

Mr. Viswanatha Prasad Subbaraman founded Caspian Advisors in 2004 and has led the institution since then, including setting up multiple impact funds with increasing diversity across sectors. With over `1,000 crores under management, Caspian is considered a pioneer in Impact Investing in India.

In addition to providing strategic direction to Caspian's various initiatives, Prasad is active in the ongoing management of Caspian's funds and serves on the boards of multiple portfolio companies, serving also as an Investor Director (Non-Executive and Non-Independent Director)of our Company from 2008 to 2016.

Mr. Bhaskar S, Executive Director & Chief Executive Officer

Mr. Bhaskar S joined the Equitas Group on October 15, 2007 and served as the Chief Financial Officer prior to his appointment as the Executive Director & CEO of the Company on 21st October, 2016.

He holds a Bachelors degree in Science from University of Madras and is also a qualified Chartered Accountant from the Institute of Chartered Accountants of India. He started his career with Pricewaterhouse & Co., where he worked for one and a half years and later moved to Cholamandalam Investment and Finance Company Limited where he worked for two decades. Prior to joining Equitas Group, he was the Group Treasurer and Senior Vice President – Audit for the Murugappa Group, Chennai.

Mr. Chandrasekaran J, Director

Mr J Chandrasekaran holds a Bachelors degree in Technology specialising in Chemical Engineering from Indian Institute of Technology, Madras.

A career banker, he joined SBI as a probationary officer in 1975 and after an illustrious career spanning over three and a half decades retired as Chief General Manager in September 2011. Key areas of specialised experience in SBI include:

  • Technical Consultancy for SME and Mid corporate clients which involved, besides project evaluation, building systems for customers in inventory and receivables management, production line balancing, costing, pricing and product mix studies, etc.
  • Head of Bank's Rupee Treasury from 2000 to 2003,running it as an independent profit centre. Responsible for maximizing yields in money market and securities trading operations,et al. He was a member of various RBI technical committees on the money and bond markets.
  • Following major restructuring of business, He headed and ran the Bank' s new SME Business Unit from 2004 to 2007, positioning SBI as a thought leader in SME business. He was responsible for identifying new growth opportunities and achieving business and market share goals. He served on the Board for SMERA. He was deputed for a 3 week course on MSME at the Kennedy School Of Government, Harvard. He was a member of the RBI appointed Chakravarty Committee on restructuring and rehabilitation of distressed SME units, the recommendations of which were accepted and implemented by RBI.
  • From Nov 2007 till superannuation, he was Chief General Manager, heading SBI Chennai Circle, covering TN and Pondicherry during which there was significant growth in retail and cross selling business. He was part of the Chairman's core team in implementing Citizen SBI, a major HR initiative.

Post retirement, he was engaged for about 5 years in training officers in various banks in SME and delivering guest lectures in various institutions including ASCI, Hyderabad. He was SBI's nominee director on the Board of SIDBI for 6 years, from June 2012 till June 2018. Presently, he is an independent director of Mahaveer Finance India Ltd, a small, growing NBFC and SBICAP's nominee director in SBICAP Trustee Co. Ltd., its step down subsidiary.