BoD, Committees
Ettore Francesco Sequi
Ettore Francesco Sequi is the Chairman and Independent Director of our Company. He holds a pre-reform degree in political science from the University of Cagliari. He is also serves as the national representative of Italy within the Board of Government Representatives of the Einstein Telescope Infrastructure. He was previously associated with the Ministry of Foreign Affairs and International Cooperation, Italy in various capacities from 1985 to 2023.
Tomaso Carraro
Tomaso Carraro is our Vice Chairman and Non-Executive Director of our Company. He is also one of the Promoters of our Company. He has been associated with the Company since April 21, 2015. He holds a master’s degree in business administration from the Graduate School of Business, University of Chicago. He is currently associated with various entities in the Carraro Group, including Carraro China Drive Systems Co. Ltd, Carraro S.p.A., Carraro North America Inc. and Siap S.p.A. and was previously associated with Gear World S.p.A..
Balaji Gopalan
Balaji Gopalan is the Managing Director of our Company. He has been associated with the Company since September 1, 1998. He holds a degree of doctor of philosophy in human resource management from the University of Pune. He is responsible for achieving revenues, EBITDA, NWC/ revenue and CSR targets in the Company.
Andrea Conchetto
Andrea Conchetto is a Non-Executive Director of our Company. He holds a diploma in electrotechnical engineering from the University of Padua. He is currently associated with the Carraro Group, including Carraro S.p.A., Carraro Drive Tech Italia S.p.A., Carraro China Drive Systems Co. Ltd, and Siap S.p.A and was previously associated with AEG Electric Motors.
Enrico Gomiero
Enrico Gomiero is a Non-Executive Director of our Company. He holds a diploma of accountant and commercial expert from the Technical Institute for Commercials and Surveyors of Padua. He is currently associated with various entities in the Carraro Group, including Carraro S.p.A., Carraro Drive Tech Italia S.p.A., Carraro Finance S.p.A., Carraro International S.E., and Siap S.p.A.
Davide Grossi
Davide Grossi is the Whole-time Director and Chief Financial Officer of our Company. He holds an undergraduate degree in business administration from Bocconi University and a masters’ degree of science in accounting, corporate finance, and control from Bocconi University. He was previously associated with Alten Sverige AB as the chief financial officer, Nordics, Isagro (Asia) Agrochemicals Pvt. Ltd. in various capacities, and Deloitte & Touche S.p.A.
Sudhendra Mannikar
Sudhendra Mannikar is the Whole-time Director and Chief Operating Officer of our Company. He has been associated with our Company since August 2, 1999. He is responsible for achieving revenues, EBITDA, NWC/ revenue and CSR targets in the Company. He holds a bachelor’s degree in engineering (production) and a degree in Master in Business Administration from University of Pune. He was previously associated with Essar Projects Limited.
Uma Mandavgane
Uma Mandavgane is an Independent Director of our Company. She holds a bachelor’s degree in commerce from the University of Mumbai. She is a member of the Institute of Chartered Accountants of India and a certified information systems auditor. She is currently associated with Azzure Advisory & Consulting Services LLP as its designated partner and was previously associated with Deloitte Touche Tohmatsu India Private Limited in the capacity of a manager in the enterprise risk services department.
Kishore Saletore
Kishore Saletore is an Independent Director of our Company. He is an associate at the Institute of Chartered Accountants of India and is also a Post Graduate in Management from the Indian Institute of Management, Bangalore. He was previously associated with Bharat Forge as the Whole time Director and Group Chief Financial Officer.
Audit Committee
The Audit Committee was constituted pursuant to a resolution passed by our Board at its meeting held on July 3, 2024, and last re-constituted pursuant to a resolution passed by our Board at its meeting held on August 9, 2024. The Audit Committee is in compliance with Section 177 and other applicable provisions of the Companies Act, 2013 and Regulation 18 of the SEBI Listing Regulations. The Audit Committee currently comprises:
| Name of Director | Position |
|---|---|
| Uma Mandavgane | Chairperson |
| Kishore Saletore | Member |
| Davide Grossi | Member |
Nomination and Remuneration Committee
The Nomination and Remuneration Committee was constituted pursuant to a resolution passed by our Board at its meeting held on July 3, 2024, and last re-constituted pursuant to a resolution passed by our Board at its meeting held on August 9, 2024. The composition and the terms of reference of the Nomination and Remuneration Committee are in compliance with Section 178 and other applicable provisions of the Companies Act, 2013 and Regulation 19 of the SEBI Listing Regulations. The Nomination and Remuneration ommittee currently comprises:
| Name of Director | Position |
|---|---|
| Kishore Saletore | Chairperson |
| Ettore Francesco Sequi | Member |
| Andrea Conchetto | Member |
Stakeholders' Relationship Committee
The Stakeholders’ Relationship Committee was constituted pursuant to a resolution passed by our Board at its meeting held on August 19, 2024. The composition and terms of reference of the Stakeholders’ Relationship Committee are in compliance with Section 178 of the Companies Act, 2013 and Regulation 20 of the SEBI Listing Regulations. The Stakeholders’ Relationship Committee currently comprises:
| Name of Director | Position |
|---|---|
| Kishore Saletore | Chairperson |
| Uma Mandavgane | Member |
| Enrico Gomiero | Member |
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee was constituted pursuant to a resolution passed by our Board at its meeting held on March 16, 2015, and last re-constituted pursuant to a resolution passed by our Board at its meeting held on August 9, 2024. The composition and terms of reference of the Corporate Social Responsibility Committee are in compliance with Section 135 of the Companies Act, 2013. The Corporate Social Responsibility Committee currently comprises:
| Name of Director | Position |
|---|---|
| Tomaso Carraro | Chairperson |
| Ettore Francesco Sequi | Member |
| Balaji Gopalan | Member |
| Sudhendra Mannikar | Member |
| Davide Grossi | Member |
Risk Management Committee
The Risk Management Committee was constituted pursuant to a resolution passed by our Board at its meeting held on August 19, 2024. The composition and terms of reference of the Risk Management Committee are in compliance with Regulation 21 of the SEBI Listing Regulations. The Risk Management Committee currently comprises:
| Name of Director | Position |
|---|---|
| Uma Mandavgane | Chairperson |
| Andrea Conchetto | Member |
| Davide Grossi | Member |
| Balaji Gopalan | Member |