Board of Directors

Prof. R. Vaidyanathan

Chairman and Independent Director

Prof. R. Vaidyanathan is the Chairman of the Board and an Independent Director (Non-Executive) of our Company. He holds a Bachelor’s Degree in Science from Loyola College, Madras and a Master’s Degree in Statistics from the Indian Statistical Institute, Calcutta. He obtained his Doctorate from the Indian Institute of Management, Calcutta.

He is retired Professor of Finance and Control IIM- Bangalore; also named as one of the best ten professors at all IIMs by Business Today magazine. He is the founder Chairperson for the Centre for Capital Market and Risk Management [CCMR] at IIMB. Two times Fulbright scholar; he is also a National Fellow of ICSSR.

He has been conferred Life Contribution award by Asia Pacific Risk and Insurance Association [APRIA] and KYBO LIFE in 2019. His book India Uninc–Role of Non-corporate sectors in India—which focus on Indian/Asian value systems- has been well received by planners and policy makers. His other book on Black money and Tax Havens has been acclaimed by experts. His recent book–Caste as social Capital-has been well received by the market.

Currently he is an Adjunct Professor of AURO University-Surat and Cho S Ramaswamy Chair professor in Public policy at Sastra University-Tanjore. He is also Emeritus adjunct professor of Rashtriya Raksha University an institution of national importance at Ahmedabad.

He joined our Company as an Additional Non-Executive Independent Director and was also appointed as the Chairman of the Board w.e.f. December 15, 2020.

Dr. Jyoti Kiran Shukla

Independent Director

Dr. Jyoti Kiran Shukla is an Independent Director (Non-Executive) of our Company. She holds Masters in Economics with specialization in survey and also a Ph.D. (statistical concepts, measurement & Econometric modelling of Labour Force participation and national income); Natural Resource Economics and development Economics from the University of Rajasthan, Jaipur Her key area of interest are natural resource economics and development policy. She is also a TCT Certificate (System development & HRD) holder from the Huddersfield University, Huddersfield, UK.

She had been appointed as the first ever woman Chairperson of the State Finance Commission of Rajasthan. Under her chairpersonship, the Commission has worked extensively on the structural reforms in the field of devolution mechanism and finances of the Local Bodies and Panchayat. She has worked on integrated energy demand, pricing and optimisation in the policy context. Her latest work is on impact assessment of Ujjwala Yojna in Rajasthan in the SDG context. She is a trained economist of national repute with a specialization in analytics, data base and policy development. Her interest on energy economics and pricing enriched the Board of Petronet LNG Limited where she also chaired crucial committees of the Board during her association,

She has worked in leadership positions in higher education institutes as Dean, Director and acting vice chancellor and made extensive contribution in capacity building and knowledge management in higher education. Her expertise in faculty development has been recognised internationally. She has extensive expertise in rural finance and rural development. She was the first person to conduct an evaluation study on ‘Antyodaya’ which culminated into a book published in 1987 by UNESCO. She has expertise on gender and rural development along with economic modelling.

Apart from being a professor & a researcher, she has been an honorary advisor to various Ministries under the Central Government ranging from Ministry of Rural Development, Ministry of Human Resource Development, Ministry of Women & Child Development and Ministry of Health.

She is presently also on the Board of National Building Construction Company (NBCC), a Navratna CPSE, and HSSC (India) Ltd., a mini Ratna CPSE. She is member of apex advisory committee of the National commission for women and also nominated member on the National livelihood mission.

She joined our Company as an Additional Director (Non-Executive Independent) w.e.f. April 19, 2021.

Mr. R.S. Sharma

Independent Director

Mr. Radhey Shyam Sharma is an Independent Director (Non-Executive) of our Company. He holds Bachelor’s Degree in Commerce from Delhi University. He is a Fellow Member of the Institute of Cost Accountants of India (FCMA) and an Associate Member of the Indian Institute of Bankers (CAIIB).

He was Chairman and Managing Director of ONGC from May 2006 to January 2011. He has varied experience in ONGC at senior level relating to Financial Management, Financial appraisal, Project appraisals, Procurement decisions through tendering process relating to materials, services, and EPC contracts, in various Projects of ONGC as well as at the Corporate Office.

He was also Chairman and Mentor of FICCI Hydrocarbon Committee (2010-2017 & 2018-2019).

Post retirement, he was Member of various Govt Committees and Task Forces including Kelkar Committee constituted by MoPNG regarding Roadmap for enhancing domestic production of Oil & Gas and sustainable reduction in import dependency by 2030 (Feb’13 – Oct’14), Chairman of the Quality Review Board of the Institute of Cost Accountants of India (Feb’12 to Feb’16).

He is Chairman & Managing Director of Corevalues Consulting Pvt Ltd and Director of Independent Energy Policy Institute. He is also serving as Independent Director on the Boards of Jubilant Industries Ltd., Jubilant Agri and Consumer Products Ltd., Hinduja Leyland Finance Ltd., Sembcorp Energy India Ltd., and Polycab India Ltd.

He joined our Company as an Additional Non-Executive Independent Director w.e.f. December 15, 2020.

Mr. Satyanarayan Goel

Non-Executive Director

Mr. Satyanarayan Goel is a Non-executive Director of our Company representing Indian Energy Exchange Limited, the holding company,. He is also the Chairman cum Managing Director of IEX, the parent company. He has over 40 years of rich experience in different areas of the power sector – power generation, transmission, system operation, power trading, commercial, regulatory affairs, power market development, and cross-border trade. He was also actively involved in various reform initiatives of Govt. of India which includes – Enactment of Electricity Act, 2003, Tariff Based Bidding Guidelines, Tariff Policy, National Electricity Policy, Open Access, etc.

In the past he was associated with PTC India Limited as the Director of marketing and operations and before it he was also associated with NTPC Limited for 29 years and retired as an Executive Director.

He holds a Bachelor’s Degree in Electrical Engineering from NIT Rourkela and a Master’s Degree in Business Administration from the Faculty of Management Studies, New Delhi.

He joined our Company as an Additional Non-Executive Director w.e.f. September 14, 2020.

Mr. Gautam Dalmia

Non-Executive Director

Mr. Gautam Dalmia is a Non-Executive Director of our Company representing Indian Energy Exchange Limited, the holding company. He has been one of the driving forces behind the exponential growth witnessed by the Dalmia Bharat Group. He leads a professional team to pursue accelerated growth while maintaining the core values which have been the foundation of this 75-year old conglomerate with interests in cement, sugar and refractories. With over 27 years of experience in both Cement and Sugar Industries, He is a Managing Director – Dalmia Bharat Limited and also on the Board of Indian Energy Exchange Limited as Non-Executive Director.

Mr. Ravi Varanasi

Non-Executive Director

Mr. Ravi Varanasi is a Non-Executive Director of our Company representing NSE Investments Limited, a wholly owned subsidiary of the National Stock Exchange of India Limited. Mr. Ravi Varanasi, as the Chief Business Development Officer of NSE, spearheads National Stock exchange’s initiatives in the areas of market structure policy and business development across all asset classes traded on the NSE. He also oversees capital raising platforms for main, SME and start up boards, education, skilling and financial inclusion. He earlier headed regulatory function of the NSE.

Mr. Varanasi represents the NSE in various committees / advisory groups of the Regulator and Ministry of Finance.

Mr. Ravi Varanasi has been with the NSE since 1995 and has wide ranging experience in Business Development, Regulatory and Operational roles.

He joined our Company as an Additional Director with effect from April 19, 2021.