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Limitless-About Board Of Directors Kirloskar Oil Engines

Atul C. Kirloskar

Executive Chairman

Mr Atul C. Kirloskar, aged 60 years, began his career with the erstwhile Kirloskar Cummins Limited in the year 1978, where he started out as a trainee. In December 1981, he was appointed as the Chief Executive of Cummins Diesel Sales and Services.

On 1 November 1984, he was appointed as the Executive Vice President of Kirloskar Oil Engines Limited (now known as Kirloskar Industries Limited (KIL)). He was co-opted on the Board of KIL on 6 August 1985, wherein he took over as the Managing Director. In 1988, he was appointed Vice Chairman of KIL and held the position till 25 July 1998, when he was elected Chairman of the Board of KIL. He was appointed as the Chairman and Managing Director of Kirloskar Oil Engines Limited (then known as Kirloskar Engines India Limited) on 31 March 2010. He was re-designated as the Executive Chairman on 25 January 2012.

Sanjeev Nimkar

Managing Director

Mr Sanjeev Nimkar is a Vice-Chairman on the Board of La-Gajjar Machineries Private Limited a manufacturer of Varuna Water pumps. He has been instrumental in transforming the Company’s business processes as a digitally connected customer-centric organization since 2012.

He has over 25 years of a rich and extensive professional career in various capacities spans across diverse industries and companies such as Kirloskar Engines and Gensets, Philips Consumer Electronics, Philips Lighting, Dulux Paints (ICI), Varuna Electric Pumps and Lafarge Cement.

Before joining the Company in 2012, he was Director Marketing at Philips Lighting India. During his tenure at Philips, he led the company’s marketing functions including the technological transition to LED Lighting, Heading Audio Business. He was National Channel Head at ICI paints and Zonal Marketing Head for Lafarge. He implemented the “Base of Pyramid” project for Philips Lighting to capture Rural markets.

He has recently completed the AMP program at Harvard Business School. He holds a PGDM from IIM Calcutta, a Bachelor's degree in Electronics and Telecommunications from the College Of Engineering, Pune and Post Graduate Diploma in Industrial Law from Symbiosis Law College Pune.

He is the recipient of numerous industry honors for his contribution to the industry in various field.

Rahul C. Kirloskar

Non Independent Director

Rahul Kirloskar has been associated with the Kirloskar Group for more than 34 years. In 1993, he was appointed as the MD of Kirloskar Pneumatic, and in 1998 he took over as Chairman. From 2001 to 2012, he became the Director of Exports for Kirloskar Oil Engines, wherein the major areas were expanding export operations for Kirloskar Oil Engines and the entire Kirloskar Group. He founded Kirloskar Chillers and has also been the Chairman of Confederation of Indian Industry (CII) Pune Council as well as Maharashtra State CII Council.

Gauri A. Kirloskar

Non Independent Director

Ms Gauri Kirloskar attended Carnegie Mellon's Tepper School of Business, where she received a BSc. in Business Administration with a concentration in Finance. Previously she attended Phillips Academy, Andover, near Boston. After graduation, Gauri worked as an investment banking analyst at Merrill Lynch in their Mergers and Acquisitions group where she analyzed the impact of proposed mergers, acquisitions, spin-offs and various restructuring alternatives on earnings, credit profile and value creation of various clients across the technology, real estate and retail industries. She then moved on to Pearson's Corporate Finance and Strategy group where she looked at bolt-on acquisitions for their education business. Since moving back to India in 2010, Gauri has been focusing her efforts on strategic initiatives for the Kirloskar Group into infrastructure and investments as well as functioning as a director and observer at several Kirloskar Group companies. Her primary role is the establishment of the Group's real estate business in Pune. This involves strategic alternatives analysis of value creation opportunities around the sale and development of the group's land banks. She has been involved in title clearance and land approvals, building up the design brief and working closely with the I PCs.

She is also strategically involved in the team hiring and overall business plan of Kirloskar Capital, the Group's foray into the financial services business. She was an active participant in the process of filing for the RBI license for this business. She leads the Group's efforts on branding, corporate communications and shared services. As a board member on Kirloskar Oil Engines since 2014, she is involved in regular compliance and performance reviews. She is also an active member of the committee that looks at new investments initiatives in the energy space.

Mahesh R. Chhabria

Non Independent Director

Mahesh is a dedicated, focused and accomplished professional with over 30 years of experience in the financial services industry. In these 30 years, he worked with investment banks, private equity funds and also has been an independent director of several companies.

He has been the Managing Director of Kirloskar Industries Limited since July 2017. Before this he worked as a Partner with Actis, where he was responsible for advising Actis Global LLP, a leading private equity fund in the emerging market space, to invest their money in growth capital and buy out businesses in India.

Mahesh previously worked at 3i India, where he was a partner in the firm’s Growth Capital Group and the lead partner globally for the Healthcare sector, heading up and contributing to 3i investments in India and international markets. Before moving to private equity in 2006, Mahesh was co-head of investment banking at Enam, one of the leading domestic investment banks in India.

He is a regular speaker at various industry forums and occasionally contributes to some Indian business publications. Mahesh holds a Bachelor of Commerce from the University of Mumbai and is an Associate Member of the Institute of Chartered Accountants of India.

He is a relationship builder with strong communication and interpersonal skills, with an extensive network of contacts, associates and friends at all levels in the financial services sectors, corporates, professional, legal and accounting firms, media and select regulatory bodies. Serves as an independent Director of Deepak Fertilizers & Petrochemicals Corporation Limited and Enam Asset Management Co. Pvt. Ltd.

Vinesh Kumar Jairath

Non Independent Director

Vinesh Kumar Jairath joined the Indian Administrative Service in 1982 and worked in various positions in the Government of Maharashtra and Government of India. Some of the positions he held during his career in the IAS are Secretary to the Governor of Maharashtra, MD SICOM and Principal Secretary Industries Maharashtra. He took voluntary retirement in March 2008 and since then has been working as an independent consultant in areas of infrastructure, industry and real estate development. He holds a Masters Degree in Development Economics from the University of Manchester, U.K. He holds a Bachelor of Arts Degree in Public Administration and a Bachelor of Laws Degree, both, from the Punjab University, Chandigarh. He is an independent director on the Boards of Tata Motors Limited, Bombay Dyeing & Manufacturing Company Ltd, Go Air Ltd and Wockhardt Ltd. He has over 35 years of experience in public administration, infrastructure planning and development and infrastructure financing, finance, industry, urban development, environmental management while occupying various important positions in the Government and post voluntary retirement on boards of various companies.

Nihal G. Kulkarni

Non Independent Director

Nihal G. Kulkarni, A.B. in Economics from Brown University, USA, has over ten years of experience in the areas of finance and investments. He has undergone extensive training with the Kirloskar Group, Toyota Motor Sales, USA and DSP Merrill Lynch. He was Vice President in Kirloskar Pneumatic Company Limited up to 22 October 2010. He was appointed as the Managing Director of Kirloskar Industries Limited (KIL) on 23 October 2010. He has resigned as the Managing Director of KIL on 25 January 2012. He has been appointed as Managing Director of Kirloskar Oil Engines Limited with effect from 26 January 2012.

Satish Jamdar

Independent Director

Satish Jamdar (age 65), BE (Mech) from IIT, Mumbai, with a vast experience of 43 years, has held leadership positions in several organizations. He completed his management studies in the USA and UK. He was an Executive Director on the Board of Blue Star for 13 years of which the last 7 years was as the Managing Director. He retired from the Company as Managing Director in March and as Special Advisor in May 2016.

During his overall 20 years with Blue Star, India's leading Air conditioning and Refrigeration Company, he was instrumental in setting up an enhanced Product Development, AC&R Technology and Manufacturing footprint for the Company. This also included the design, manufacture and servicing of products for OEM Customers for the Middle East and European markets.

He helped grow the Customer Service business with a host of new offerings related to technology upgrades with remote monitoring, and energy efficiency, among others. He also helped set up a strong global supply chain, including procurement from China and strategic technology partnerships with global suppliers.

Prior to this, he was with Siemens, Voltas, GEC Alstom, and BPL Sanyo. During his long corporate stint, he oversaw a wide range of activities related to Manufacturing, Product Development, Supply Chain, Product Service, EPC contracts, International Business Operations, HR, Finance, Corporate Governance and General Management.

He had been actively involved with CII (India's largest corporate body) as Chairman of CII Maharashtra State Council and subsequently, as Chairman of CII Western Region Sub-Committees for Inclusive Growth and Ease of Doing Business. He was a member of the CII National Manufacturing Council, as well.

He is currently associated with a few select start-up Companies as their Chief Mentor and Business Strategy Advisor. He is also engaged in skill development and inclusive growth programs to help needy youth realize their full potential.

Sunil Shah Singh

Independent Director

Mr Sunil Shah Singh (age 71) did his graduation B. Tech from the Indian Institute of Technology, Delhi. He has experience in varied fields such as purchase, materials management, manufacturing overall business operations. He held many key positions like, Managing Director of ITD Cementation India Ltd., President of Energy works India Bechtel, Tetra Pak processing Kirloskar Pneumatic Co. Ltd, Board member of Mather Platt India Ltd..

Mrunalini Deshmukh

Independent Director

Mrs Mrunalini Deshmukh (age 60) is an alumnus of the St. Xavier’s College and the Government Law College, Mumbai, and holds an LLM from the University of Mumbai in Commercial Law and Matrimonial Law. She is a renowned lawyer with over 15 years of experience and special expertise in Family Law. A dedicated advocate of gender equality, Mrs Mrunalini often participates and addresses domestic and international conferences on issues relating to family law, structuring of wealth and alimony issues, and the laws governing women. She recently addressed an International Conference on Wealth Planning for Global Indian Families in Dubai, U.A.E.

Pradeep R. Rathi

Independent Director

Mr Pradeep R. Rathi, is Vice Chairman and Managing Director of Sudarshan Chemical Industries Limited, has an MS in Chemical Engineering from MIT, USA and MBA from Columbia University, USA and has been associated with Sudarshan Chemical Industries Limited for more than three decades.

Abraham Kandhatil

Independent Director

Mr Kandathil Mathew Abraham (age 61) is a former civil servant from the Indian Administrative Service. He joined the civil services in 1982 and retired in December 2017 as the Chief Secretary to the Government of Kerala. Earlier, he had a stint as a Whole Time Member in the Board of SEBI during which tenure he is credited with having produced several landmark orders that have gone a long way in improving the integrity of financial markets and protecting investors.

Currently, he serves as the Chief Executive Officer of the Kerala Infrastructure Investment Fund Board (KIIFB), a Statutory Body under the Government of Kerala, tasked with the responsibility of building the infrastructure of Rs. 60,000 crore in the State. Besides that, he is the Chairman of the Kerala Development and Innovation Strategic Council (K-DISC), a think tank set up by the Government of Kerala to bring in strategic projects and emerging technologies into governance and to create a statewide innovation network for youth. He also serves as the Chairman of the Implementation Committee for the Rebuilding Kerala Initiative that was set up by the Government of Kerala in the aftermath of the devastating August 2018 floods in the State.

He holds a PhD with a specialisation in Technology Planning from the University of Michigan in Ann Arbor, USA. He is also a Chartered Financial Analyst (CFA®), USA and has qualified as a Licensed International Financial Analyst (LIFA), USA. He holds an M.Tech (Industrial and Management Engineering) from the Indian Institute of Technology, Kanpur. His key areas of professional and academic interest are Data Analytics, Financial Risk Management, Emerging Technologies and Public Finance. He is also the winner of several prestigious awards for governance and integrity.

M. Lakshminarayan

Independent Director

Mr M. Lakshminarayan holds a Masters degree in Technology from the Indian Institute of Technology, Mumbai. After working in Tata Motors for 16 Years in the Pune plant, he moved to Bosch Ltd (MICO). He has served in various capacities before joining the Board as Joint Managing Director in 2000.He was the Managing Director of Harman International India Private Limited, a 100% subsidiary of Harman International USA from 2009 till 2017.He is deeply connected with the activities of CII and was the past Chairman, CII Southern Region. He is a Director in Kirloskar Oil Engines Limited, Carborumdum Universal Limited, Rane (Madras) Limited, apart from being the Chairman of WABCO India.

Shalini Sarin

Independent Director

Dr Shalini Sarin (age 54) has experience ranging from Chief People Officer to head of Corporate Social Responsibility to Business Leader for the base of the pyramid solar lighting business for social impact. Profit with Purpose & Passion is her mantra and belief. She has worked across India, Europe and the US. And now serves on several boards for Profit & Not for Profit. She is an executive coach and a strategic advisor on HR, CSR, sustainability, transformation and leadership. She started her career as a lecturer of Organization behaviour and has about three decades of Corporate experience. In her role as the HR head, her specialization has been change management, leadership, succession and significant experience in transformations during mergers, acquisitions, restructuring, divestiture and IPOs. In her experience as head of Corporate social responsibility, she has been able to Influence organizations to align the CSR strategy with the purpose of the organization. She was the chair of all India CSR committee with NHRD, mobilizing early adoption when the CSR bill was passed and was the CHRO Schneider Electric, India. At the base of the pyramid, social impact business, she has been able to work on building the ecosystem through collaborations to leverage scale and competence. She worked on projects across the world from Indonesia to LATAM including Africa and India in a big way. She is the Chair of the global Signify Foundation and ISA- GTFF – International Solar Alliance- global taskforce of foundations. Both working on access to energy and local capacity building through entrepreneurship. She is also the Independent Director on the board of Linde India and Meritor HVS (India) Limited and Automotive Axles Limited. She is a partner at Social Venture Partners and a mentor and board member for Beyond diversity Foundation. Besides this, she mentors business leaders and several start-ups in the social sector on sustainable business models both for-profit and not for profit. She holds a Doctorate in Organization Behaviour, and a Masters in Sociology and Human Resource Management. She has an Advanced Human Resource from Ross School of Business, University of Michigan, an Executive Coach from Motorola University-Chicago and a Psychometrician from British Psychology Society. She is pursuing the International Director’s program from INSEAD. She has authored many articles and presented them at various Indian and International Conferences.

Limitless-About Board Of Directors Kirloskar Pneumatic

Rahul C. Kirloskar

Executive Chairman

Rahul Kirloskar has been associated with the Kirloskar Group for more than 34 years. In 1993, he was appointed as the MD of Kirloskar Pneumatic, and in 1998 he took over as Chairman. From 2001 to 2012, he became the Director of Exports for Kirloskar Oil Engines, wherein the major areas were expanding export operations for Kirloskar Oil Engines and the entire Kirloskar Group. He founded Kirloskar Chillers and has also been the Chairman of Confederation of Indian Industry (CII) Pune Council as well as Maharashtra State CII Council.

Srinivasan Krishnaswami

Managing Director

Mr. K Srinivasan is a Graduate in Mechanical Engineering from REC, Surathkal, Karnataka. He was the Vice President of Wendt India Limited after which he was associated with Carborundum Universal Limited since 1999. He became the Managing Director of Carborundum Universal Limited from 01.02.2005 and superannuated on 22nd November 2019.He has served as a Director in various Boards of Indian and foreign Companies including Wendt India Ltd., Murugappa Morgan Thermal Ceramics Limited, Sterling Abrasives Limited, Volzhsky Abrasives Works, Russia, CUMI Australia Pty Limited, Foskor Zirconia Pty Limited etc.

Vikram Kirloskar

Non-Executive Non-Independent Director

An SB in Mechanical Engineering, MIT Class of 1981, Vikram Kirloskar represents the 4th Generation of the Kirloskar Group. He is the Chairman and Managing Director of Kirloskar Systems Ltd. and Vice Chairman of Toyota Kirloskar Motor. He has been recognized by the Government and presented with the 'Suvarna Karnataka' award. He is involved in many activities at MIT and serves on the Visiting Humanities Committee and Educational Council. Vikram likes wine, good food, travelling and exploring, and enjoys cooking.

Atul C. Kirloskar

Non-Executive Non-Independent Director

Mr Atul C. Kirloskar, aged 60 years, began his career with the erstwhile Kirloskar Cummins Limited in the year 1978, where he started out as a trainee. In December 1981, he was appointed as the Chief Executive of Cummins Diesel Sales and Services.

On 1 November 1984, he was appointed as the Executive Vice President of Kirloskar Oil Engines Limited (now known as Kirloskar Industries Limited (KIL)). He was co-opted on the Board of KIL on 6 August 1985, wherein he took over as the Managing Director. In 1988, he was appointed Vice Chairman of KIL and held the position till 25 July 1998, when he was elected Chairman of the Board of KIL. He was appointed as the Chairman and Managing Director of Kirloskar Oil Engines Limited (then known as Kirloskar Engines India Limited) on 31 March 2010. He was re-designated as the Executive Chairman on 25 January 2012.

G. Krishna Rao

Independent Director

Krishna Rao (B.Com, A.C.A, and I.C.I.I.) has held a senior position in the General Insurance Corporation of India for several years and has a vast body of experience in Finance and Insurance matters.

Dattatraya Swar

Non-Executive Non-Independent Director

Dattatraya R. Swar is a graduate in Mechanical Engineering. Besides being a qualified engineer, he holds a Diploma in Purchasing Management from the American Society and a Diploma in Material Management from Jamanalal Bajaj Institute of Management. He has over 27 years of working experience with Kirloskar Oil Engines Limited. He has experience in varied fields such as purchase, vendor development, materials management and manufacturing.

Sunil Shah Singh

Independent Director

Mr Sunil Shah Singh (age 71) did his graduation B. Tech from the Indian Institute of Technology, Delhi. He has experience in varied fields such as purchase, materials management, manufacturing overall business operations. He held many key positions like, Managing Director of ITD Cementation India Ltd., President of Energy works India Bechtel, Tetra Pak processing Kirloskar Pneumatic Co. Ltd, Board member of Mather Platt India Ltd..

Ajay Kumar Dua

Independent Director

Dr. Ajay Dua is a graduate of St. Stephen's College, Delhi where he received an Honours Degree in Economics. He was awarded a Ph.D. by the University of Bombay for his work on the Economics of Urban Renewal Programmes. He joined the Indian Administrative Services in 1971. He has held a variety of senior assignments in the Government of Maharashtra and the Government of India. Currently, he is a senior business advisor to several multinational corporations.

Krishnamurthi Venkataramanan

Independent Director

Krishnamurthi Venkataramanan is a graduate in Chemical Engineering from IIT Delhi. Over a long and illustrious career, he has received recognition at both the national and international level. Accolades include the ‘Davidson Frame Award’ conferred by IPMA Switzerland, for strengthening the Project Management Profession in India and abroad, in 2002. He also served as CEO & MD of L&T from April 2012 to September 2015.

Nalini Venkatesh

Independent Director

Nalini Venkatesh is a lawyer by profession and has been a legal consultant since 1987. She has experience in handling both civil and criminal cases in the High Court of Karnataka and other Courts, including Labour and Company Courts. She has represented various corporations, ONGC, Urban Development Authorities, universities and other statutory institutions in matters with respect to the Factories Act, Workmen's Compensation Act, Negotiable Instrument's Act, labour disputes, etc. She has been a Director of the Company since 2018.

Tejas Deshpande

Independent Director

Tejas Deshpande graduated from ILS, Law College, Pune and has been practicing law for the last 16 years. He predominantly has a litigation practice, in various courts, with focus on High Court, Mumbai and Supreme Court of India. He specializes in real estate, infrastructure and company law related cases. Tejas Deshpande assisted in writing and researching book 'Kuler - Indian Contract Act' on Indian Contract Act published in 2003. He also assisted in researching book 'Pollock & Mulla - Indian Contract Act and Specified Relief Acts' which was edited and republished in 2004. Currently, Tejas Deshpande is on the Board of Kirloskar Industries and Valecha Engineering.

Mahesh R. Chhabria

Non-Executive Non-Independent Director

Mahesh is a dedicated, focused and accomplished professional with over 30 years of experience in the financial services industry. In these 30 years, he worked with investment banks, private equity funds and also has been an independent director of several companies.

He has been the Managing Director of Kirloskar Industries Limited since July 2017. Before this he worked as a Partner with Actis, where he was responsible for advising Actis Global LLP, a leading private equity fund in the emerging market space, to invest their money in growth capital and buy out businesses in India.

Mahesh previously worked at 3i India, where he was a partner in the firm’s Growth Capital Group and the lead partner globally for the Healthcare sector, heading up and contributing to 3i investments in India and international markets. Before moving to private equity in 2006, Mahesh was co-head of investment banking at Enam, one of the leading domestic investment banks in India.

He is a regular speaker at various industry forums and occasionally contributes to some Indian business publications. Mahesh holds a Bachelor of Commerce from the University of Mumbai and is an Associate Member of the Institute of Chartered Accountants of India.

He is a relationship builder with strong communication and interpersonal skills, with an extensive network of contacts, associates and friends at all levels in the financial services sectors, corporates, professional, legal and accounting firms, media and select regulatory bodies. Serves as an independent Director of Deepak Fertilizers & Petrochemicals Corporation Limited and Enam Asset Management Co. Pvt. Ltd.

Limitless-About Board Of Directors Kirloskar Ferrous

Atul C. Kirloskar

Chairman

Mr Atul C. Kirloskar, aged 60 years, began his career with the erstwhile Kirloskar Cummins Limited in the year 1978, where he started out as a trainee. In December 1981, he was appointed as the Chief Executive of Cummins Diesel Sales and Services.

On 1 November 1984, he was appointed as the Executive Vice President of Kirloskar Oil Engines Limited (now known as Kirloskar Industries Limited (KIL)). He was co-opted on the Board of KIL on 6 August 1985, wherein he took over as the Managing Director. In 1988, he was appointed Vice Chairman of KIL and held the position till 25 July 1998, when he was elected Chairman of the Board of KIL. He was appointed as the Chairman and Managing Director of Kirloskar Oil Engines Limited (then known as Kirloskar Engines India Limited) on 31 March 2010. He was re-designated as the Executive Chairman on 25 January 2012.

Rahul C. Kirloskar

Vice Chairman

Rahul Kirloskar has been associated with the Kirloskar Group for more than 34 years. In 1993, he was appointed as the MD of Kirloskar Pneumatic, and in 1998 he took over as Chairman. From 2001 to 2012, he became the Director of Exports for Kirloskar Oil Engines, wherein the major areas were expanding export operations for Kirloskar Oil Engines and the entire Kirloskar Group. He founded Kirloskar Chillers and has also been the Chairman of Confederation of Indian Industry (CII) Pune Council as well as Maharashtra State CII Council.

Ravindranath Gumaste

Managing Director

Ravindranath Venkatesh Gumaste holds a Bachelors degree in Metallurgical Engineering from Karnataka Regional Engineering College, Surathkal. Soon after graduating, he joined Kirloskar Oil Engines Limited in July 1981. Ever since his joining, he has been instrumental in effecting change, implementing systems and quality development in several departments such as Heat Treatment, Metallurgical, Quality Control, etc. In 1993, he joined Kirloskar Ferrous Industries Limited and later rose to become the SBU Chief for the pig iron business in 1998. He was appointed as Executive Director of the Company in 2002 and Managing Director of the Company in 2003.

Anil Alawani

Non Independent Director

Mr. Anil Alawani is a Chartered Accountant by profession. He has work experience of over 30 years in Import, Export and Labour matters besides his core area of Finance, Taxation, Financial Restructuring and Company Law. His abilities in Corporate Tax Planning and Finance helped various organisations in which he was employed. He has retired as Director (Finance) from Kirloskar Oil Engines Limited on 31st August 2005.

R. Sampath Kumar

Independent Director

R. Sampathkumar has completed his B.Sc. from Bangalore University in 1967 and B.E. (Metallurgy) from the Indian Institute of Science, Bangalore in 1970. After a long and accolade-filled tenure at Steel Authority of India Limited (SAIL) he moved to Hospet Steels. The company received various awards during his tenure. He was appointed as a Director of KFIL on 16 July 2014.

Nalini Venkatesh

Independent Director

Nalini Venkatesh is a lawyer by profession and has been a legal consultant since 1987. She has experience in handling both civil and criminal cases in the High Court of Karnataka and other Courts, including Labour and Company Courts. She has represented various corporations, ONGC, Urban Development Authorities, universities and other statutory institutions in matters with respect to the Factories Act, Workmen's Compensation Act, Negotiable Instrument's Act, labour disputes, etc. She has been a Director of the Company since 2018.

Y. S. Bhave

Independent Director

Yashwant Shripad Bhave has completed his B.Sc. and M. Sc. from Nagpur University and a Master in Public Administration (M.P.A.) from Harvard University, USA. He was the Chairperson of Airports Economic Regulatory Authority of India (AERA) and the Secretary to the Government of India, Ministry of Consumer Affairs, New Delhi. He has more than 40 years of experience in areas of Finance, Industry, Personnel, Infrastructure Development and Integrated Development Cooperation. He was appointed as a Director of the Company in 2017.

Mahesh R. Chhabria

Non Independent Director

Mahesh is a dedicated, focused and accomplished professional with over 30 years of experience in the financial services industry. In these 30 years, he worked with investment banks, private equity funds and also has been an independent director of several companies.

He has been the Managing Director of Kirloskar Industries Limited since July 2017. Before this he worked as a Partner with Actis, where he was responsible for advising Actis Global LLP, a leading private equity fund in the emerging market space, to invest their money in growth capital and buy out businesses in India.

Mahesh previously worked at 3i India, where he was a partner in the firm’s Growth Capital Group and the lead partner globally for the Healthcare sector, heading up and contributing to 3i investments in India and international markets. Before moving to private equity in 2006, Mahesh was co-head of investment banking at Enam, one of the leading domestic investment banks in India.

He is a regular speaker at various industry forums and occasionally contributes to some Indian business publications. Mahesh holds a Bachelor of Commerce from the University of Mumbai and is an Associate Member of the Institute of Chartered Accountants of India.

He is a relationship builder with strong communication and interpersonal skills, with an extensive network of contacts, associates and friends at all levels in the financial services sectors, corporates, professional, legal and accounting firms, media and select regulatory bodies. Serves as an independent Director of Deepak Fertilizers & Petrochemicals Corporation Limited and Enam Asset Management Co. Pvt. Ltd.

M V Kothwal

Independent Director

Mr. Madhukar Vinayak Kotwal [B.E. (Mechanical) and Fellow of Indian National Academy of Engineering], aged 72 years, joined Larsen & Toubro Limited (L&T) in 1968 and retired in August 2015 as a Whole-time Director on the Board of Directors of L&T and President (Heavy Engineering) after nearly 47 years of service. He played a leadership role in manufacture of critical equipment and systems for core strategic sectors such as, Nuclear Power, Space Research and Defence and for Refineries, Petrochemicals and Fertilisers covering both Domestic and International Markets. He was responsible for the entire business of Shipbuilding for Naval and Commercial use. He played a vital role in setting up several unique green-field manufacturing facilities across the country for Super-heavy fabrication and shipbuilding, design and engineering of submarines and ships, special steels and heavy forgings, advanced composites, precision manufacturing, strategic electronics and system integration. He was also involved in setting up a Heavy Fabrication facility in Sohar, Oman. He has been a member of a Technology Advisory Group for the International Thermonuclear Experimental Nuclear Fusion project ITER in France, a member of the Vijay Kelkar Committee on Defence, Co-Chair of CII Defence Committee, Chairman of FICCI Defence Committee and Member of the National Aeronautics Advisory Group of Government of India and past Chairman of PPMAI. He was a recipient of the “Business Leader of the Year” award in 2009. Currently, based in Pune, he is on the Governing Council of Indian National Academy of Engineering and the Chairman of its Pune Chapter, a member of Pune International Centre and a Member of the Board for Research in Nuclear Sciences. He is an Independent Director on the Board of Sanghvi Movers Limited and a Director of Nootantra (OPC) Private Limited.

V M Verma

Independent Director

Mr. Vijaydipak Mukundprasad Varma, aged 69 years, is a Non-Independent Director on the Board of Swaraj Engines Limited since 2009 and the Chairman of Executive Council of Indian Diesel Engine Manufacturers’ Association (IDEMA) since 2010. He was Managing Director / President of Kirloskar Proprietary Limited, who owns brands and trademarks used by Kirloskar Group companies and manages, promotes and protects brands and trademarks and licenses these to users. He worked earlier with Kirloskar Oil Engines Limited and held key positions in domestic and export marketing and sales, setting up power plant, heading business to generate and sell power, managing projects in strategy development, process engineering and information technology and was responsible for negotiating, setting up and closing technology transfers and joint ventures and acquisitions of businesses. He graduated in Mechanical Engineering from the College of Engineering (COEP), Pune.

Limitless-About Board Of Directors Kirloskar Industries

Atul C. Kirloskar

Chairman

Mr Atul C. Kirloskar, aged 60 years, began his career with the erstwhile Kirloskar Cummins Limited in the year 1978, where he started out as a trainee. In December 1981, he was appointed as the Chief Executive of Cummins Diesel Sales and Services.

On 1 November 1984, he was appointed as the Executive Vice President of Kirloskar Oil Engines Limited (now known as Kirloskar Industries Limited (KIL)). He was co-opted on the Board of KIL on 6 August 1985, wherein he took over as the Managing Director. In 1988, he was appointed Vice Chairman of KIL and held the position till 25 July 1998, when he was elected Chairman of the Board of KIL. He was appointed as the Chairman and Managing Director of Kirloskar Oil Engines Limited (then known as Kirloskar Engines India Limited) on 31 March 2010. He was re-designated as the Executive Chairman on 25 January 2012.

Mahesh R. Chhabria

Managing Director

Mahesh is a dedicated, focused and accomplished professional with over 30 years of experience in the financial services industry. In these 30 years, he worked with investment banks, private equity funds and also has been an independent director of several companies.

He has been the Managing Director of Kirloskar Industries Limited since July 2017. Before this he worked as a Partner with Actis, where he was responsible for advising Actis Global LLP, a leading private equity fund in the emerging market space, to invest their money in growth capital and buy out businesses in India.

Mahesh previously worked at 3i India, where he was a partner in the firm’s Growth Capital Group and the lead partner globally for the Healthcare sector, heading up and contributing to 3i investments in India and international markets. Before moving to private equity in 2006, Mahesh was co-head of investment banking at Enam, one of the leading domestic investment banks in India.

He is a regular speaker at various industry forums and occasionally contributes to some Indian business publications. Mahesh holds a Bachelor of Commerce from the University of Mumbai and is an Associate Member of the Institute of Chartered Accountants of India.

He is a relationship builder with strong communication and interpersonal skills, with an extensive network of contacts, associates and friends at all levels in the financial services sectors, corporates, professional, legal and accounting firms, media and select regulatory bodies. Serves as an independent Director of Deepak Fertilizers & Petrochemicals Corporation Limited and Enam Asset Management Co. Pvt. Ltd.

Aditi Chirmule

Executive Director

Aditi Chirmule is an Associate member of the Institute of Company Secretaries of India. She has been associated with the Kirloskar Group since 1989 and has played a major role in the internal and external restructuring of businesses and mergers, acquisitions and formation of joint ventures during her association with the Kirloskar Group.

Nihal G. Kulkarni

Non Independent Director

Nihal G. Kulkarni, A.B. in Economics from Brown University, USA, has over ten years of experience in the areas of finance and investments. He has undergone extensive training with the Kirloskar Group, Toyota Motor Sales, USA and DSP Merrill Lynch. He was Vice President in Kirloskar Pneumatic Company Limited up to 22 October 2010. He was appointed as the Managing Director of Kirloskar Industries Limited (KIL) on 23 October 2010. He has resigned as the Managing Director of KIL on 25 January 2012. He has been appointed as Managing Director of Kirloskar Oil Engines Limited with effect from 26 January 2012.

Anil Alawani

Non Independent Director

Mr. Anil Alawani is a Chartered Accountant by profession. He has work experience of over 30 years in Import, Export and Labour matters besides his core area of Finance, Taxation, Financial Restructuring and Company Law. His abilities in Corporate Tax Planning and Finance helped various organisations in which he was employed. He has retired as Director (Finance) from Kirloskar Oil Engines Limited on 31st August 2005.

Vinesh Kumar Jairath

Non Independent Director

Vinesh Kumar Jairath joined the Indian Administrative Service in 1982 and worked in various positions in the Government of Maharashtra and Government of India. Some of the positions he held during his career in the IAS are Secretary to the Governor of Maharashtra, MD SICOM and Principal Secretary Industries Maharashtra. He took voluntary retirement in March 2008 and since then has been working as an independent consultant in areas of infrastructure, industry and real estate development. He holds a Masters Degree in Development Economics from the University of Manchester, U.K. He holds a Bachelor of Arts Degree in Public Administration and a Bachelor of Laws Degree, both, from the Punjab University, Chandigarh. He is an independent director on the Boards of Tata Motors Limited, Bombay Dyeing & Manufacturing Company Ltd, Go Air Ltd and Wockhardt Ltd. He has over 35 years of experience in public administration, infrastructure planning and development and infrastructure financing, finance, industry, urban development, environmental management while occupying various important positions in the Government and post voluntary retirement on boards of various companies.

Tejas Deshpande

Independent Director

Tejas Deshpande graduated from ILS, Law College, Pune and has been practicing law for the last 16 years. He predominantly has a litigation practice, in various courts, with focus on High Court, Mumbai and Supreme Court of India. He specializes in real estate, infrastructure and company law related cases. Tejas Deshpande assisted in writing and researching book 'Kuler - Indian Contract Act' on Indian Contract Act published in 2003. He also assisted in researching book 'Pollock & Mulla - Indian Contract Act and Specified Relief Acts' which was edited and republished in 2004. Currently, Tejas Deshpande is on the Board of Kirloskar Industries and Valecha Engineering.

Sunil Shah Singh

Independent Director

Mr Sunil Shah Singh (age 71) did his graduation B. Tech from the Indian Institute of Technology, Delhi. He has experience in varied fields such as purchase, materials management, manufacturing overall business operations. He held many key positions like, Managing Director of ITD Cementation India Ltd., President of Energy works India Bechtel, Tetra Pak processing Kirloskar Pneumatic Co. Ltd, Board member of Mather Platt India Ltd..

D. Sivanandhan

Independent Director

Sivanandhan is a highly regarded IPS officer with an illustrious career spanning 36 years. He joined the IPS in 1976 and retired as the Director-General of Police of Maharashtra State Police in 2011. He has held several senior positions in the Intelligence Bureau, Central Bureau of Investigation and Mumbai crime branch. He has also served as Commissioner of Police of Nagpur, Thane city and Mumbai. He has been awarded the meritorious service medal (1993), the president's distinguished service medal (2000) and the Internal Security Medal (1998). He has worked in the National Security Council Secretariat, New Delhi as a member of the special task force and as the security adviser to the RBI for three years. He is on the Board of several prestigious companies. He has earned a postgraduate degree in Economics.

Ashit Parekh

Independent Director

Ashit Parekh has over 30 years of experience in Architecture, construction and the programme management industry in India and in the US. He worked primarily in the Washington DC area for over 16 years on a diverse portfolio of projects. Mr. Ashit Parekh holds a Bachelor’s Degree in Architecture, India and Master’s Degree in Architecture, USA. Mr. Ashit Parekh is a member of the American Institute of Architects (AIA) and registered Architect. He is also a member of the Indian Institute of Architects (IIA), member of the Council of Architecture – New Delhi, (COA) and member of Indian Institute of Interior Designers (IIID).

Satish Jamdar

Independent Director

Satish Jamdar (age 65), BE (Mech) from IIT, Mumbai, with a vast experience of 43 years, has held leadership positions in several organizations. He completed his management studies in the USA and UK. He was an Executive Director on the Board of Blue Star for 13 years of which the last 7 years was as the Managing Director. He retired from the Company as Managing Director in March and as Special Advisor in May 2016.

During his overall 20 years with Blue Star, India's leading Air conditioning and Refrigeration Company, he was instrumental in setting up an enhanced Product Development, AC&R Technology and Manufacturing footprint for the Company. This also included the design, manufacture and servicing of products for OEM Customers for the Middle East and European markets.

He helped grow the Customer Service business with a host of new offerings related to technology upgrades with remote monitoring, and energy efficiency, among others. He also helped set up a strong global supply chain, including procurement from China and strategic technology partnerships with global suppliers.

Prior to this, he was with Siemens, Voltas, GEC Alstom, and BPL Sanyo. During his long corporate stint, he oversaw a wide range of activities related to Manufacturing, Product Development, Supply Chain, Product Service, EPC contracts, International Business Operations, HR, Finance, Corporate Governance and General Management.

He had been actively involved with CII (India's largest corporate body) as Chairman of CII Maharashtra State Council and subsequently, as Chairman of CII Western Region Sub-Committees for Inclusive Growth and Ease of Doing Business. He was a member of the CII National Manufacturing Council, as well.

He is currently associated with a few select start-up Companies as their Chief Mentor and Business Strategy Advisor. He is also engaged in skill development and inclusive growth programs to help needy youth realize their full potential.

Mrunalini Deshmukh

Independent Director

Mrs Mrunalini Deshmukh (age 60) is an alumnus of the St. Xavier’s College and the Government Law College, Mumbai, and holds an LLM from the University of Mumbai in Commercial Law and Matrimonial Law. She is a renowned lawyer with over 15 years of experience and special expertise in Family Law. A dedicated advocate of gender equality, Mrs Mrunalini often participates and addresses domestic and international conferences on issues relating to family law, structuring of wealth and alimony issues, and the laws governing women. She recently addressed an International Conference on Wealth Planning for Global Indian Families in Dubai, U.A.E.

Limitless-About Board Of Directors Kirloskar Chillers

Sunil Shah Singh

Chairman

Mr Sunil Shah Singh (age 71) did his graduation B. Tech from the Indian Institute of Technology, Delhi. He has experience in varied fields such as purchase, materials management, manufacturing overall business operations. He held many key positions like, Managing Director of ITD Cementation India Ltd., President of Energy works India Bechtel, Tetra Pak processing Kirloskar Pneumatic Co. Ltd, Board member of Mather Platt India Ltd..

Avinash Manjul

Managing Director

Avinash is a Graduate in Mechanical Engineering from Govt. College of Engg, Pune, and Post Graduate in Materials Management from IMDR, Pune. He started his career at Thermax. He later joined Kirloskar Pneumatic & handled turnkey Air conditioning projects. He moved to a joint venture of Kirloskar in the field of HVAC and rose to become CEO of the company. Currently, he works in the capacity of Managing Director of Kirloskar Chillers Pvt Ltd. Spending more than three decades with this industry and the group, his passion towards the R&AC field has always given a motivation to the growth of KCPL. He loves to click photographs and enjoys music of any genre.

Aditya Kowshik

Director

A Mechanical Engineer from Bangalore University, Aditya Kowshik has over 30 years experience in the engineering industry. He has been a member of ISHRAE Pune Chapter, ASHRAE-USA and the International Institute of Ammonia Refrigeration for over 8 years. With a strategic and dynamic nature, He is an example of confidence, assertiveness and absolute zeal.

Meghana Narayan

Director

Meghana Narayan (born Pune, Maharashtra, India) graduated in Computer Science from Bangalore University and went ahead to study Masters in Computer Science at Oxford. She did her MBA at Harvard Business School. She was working with McKinsey as Associate Principal for more than 7 years. Since 2015, she is Co-Founder of Slurrp Farm based at New Delhi. She is a Director of Kirloskar Chillers Pvt Ltd. She is an Asiad swimmer and former National Champion.

Dr. V S Pai

Independent Director

Dr. Pai has over 32 years of work experience. His expertise in Management teaching is in the areas of Corporate Strategy, Business Strategy and International Business. Besides KIAMS, he has worked with TA Pai Management Institute, Manipal, ICFAI Business School, Hyderabad and the Royal Government of Bhutan. His publications, which number around 80, have been published in reputed journals in the US, Canada, the UK, Singapore and other countries. Dr. Pai has also been actively involved in delivering executive education programs for many organizations. He has held academic administrative positions such as Associate Dean and Dean. He has visited various countries abroad including Australia, New Zealand, Hong Kong, Singapore, Thailand and Malaysia to present his research papers and for academic tie-ups