Management Team

Management

Mr.Nimesh Shah- Managing Director & CEO

Nimesh Shah joined ICICI Prudential AMC as its Managing Director in July 2007.



Nimesh has completed his Chartered Accountancy. Prior to joining ICICI Prudential AMC, Nimesh was Senior General Manager at ICICI Bank and has over 18 years experience in banking and financial services. At ICICI Group, he has handled many responsibilities including project finance, corporate banking and international banking.



He was associated with one of the first batches of senior managers selected to lead the foray of ICICI Bank into the international arena. He led ICICI Bank’s foray into the Middle-Eastern region and Africa.

Mr. B Ramakrishna - Executive Vice President

Ramakrishna joined ICICI Prudential AMC in September 2004.


Ramakrishna is a Chartered Accountant and has also done his Cost Accountancy. He has around 25 years of rich experience across industries like FMCG and banking & financial services.


At ICICI Prudential AMC, Ramakrishna is the custodian of the finance, compliance and technology functions . He plays an integral role in driving the key profitability agenda through financial & corporate planning, budgetary control and corporate finance


Ramki, as he is fondly called, loves traveling and is an ardent cricket and music lover.

Mr. Raghav Iyengar - Executive Vice President & Head – Retail & Institutional Business

Raghav joined ICICI Prudential AMC in December 2006.


Raghav is a Chartered Accountant and also has a degree in Cost Accountancy. He has an overall work experience of around 19 years across the Banking & Financial Service Industry. He was also associated with ICICI Prudential AMC from 1998 to 2000.


At ICICI Prudential AMC, Raghav is responsible for driving the business objectives through Retail sales and distribution, channel sales and institutional / corporate investors. His role is of a key driver in strengthening distribution relationships and facilitating asset growth. He is also responsible for identifying potential areas of expansion and facilitating business growth.


Raghav loves traveling and visiting new places. He loves reading books and enjoys playing tennis with his son.

Mr. Hemant Agarwal - Head - Operations
hemant

Hemant joined ICICI Prudential AMC in February 2007 and is currently heading Operations.


Hemant has done his Chartered Accountancy post his graduation. He has an overall work experience of around 19 years across industries like Information Technology and Banking & Financial Services.


In his role at ICICI Prudential AMC his responsibilities include building operational excellence and scalability in the area of Operations and Investor Services to meet organizational growth agenda.


Hemant loves watching movies. He also has a keen interest in cricket and football. He strongly believes that transparency in the management process and the ability to build relationships across all stakeholders is the key driver that aligns individuals to common business objectives.

Mr. Rahul Rai - Head – Real Estate Business ICICI Prudential Asset Management Company Limited

Rahul joined ICICI Prudential AMC in Nov 2010.

At ICICI Prudential AMC, Rahul is responsible for anchoring the Real Estate Business and driving team synergies.

Rahul has an overall work experience of around 20 years. His expertise and core competency has been in the in depth understanding of the real estate segment and evaluating and investing in real estate projects. He has also managed one of the largest and first FDI transactions that happened in the Indian real estate space in 2004.

Rahul, is a Chartered Accountant, and has also completed the Cost Accountancy and Intermediate level Company Secretary Course. Prior to ICICI Prudential AMC, he has been associated with companies like Arthur Anderson Corporate Finance, Ernst and Young Transaction Advisory Services, RSM Advisors Private Limited and till recently was associated with Sun Apollo Real Estate Advisors.

Rahul believes that his strong technical and analytical skills help him as a decision maker. In his leisure he likes reading fiction and watching movies & sports.

Fund Management

Mr. S. Naren - Chief Investment Officer

Naren joined ICICI Prudential AMC in October 2004.


At ICICI Prudential AMC, Naren oversees the entire investment function across the Mutual Fund and the International Advisory Business. He is instrumental in overall investment strategy development and execution. He also directly manages the ICICI Prudential Dynamic Plan and the ICICI Prudential Top 100 Fund.


Naren has rich experience of around 23 years in almost all spectrum of the financial services industry ranging from investment banking, fund management, equity research, and stock broking operations. His core competency lies in being involved in the entire gamut of equity market space with extensive knowledge of Indian equities and the economy.

 

After obtaining a B. Tech degree from IIT Chennai, Naren finished MBA in finance from IIM Kolkota and worked with financial service organizations like Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities in various positions prior to joining ICICI Prudential AMC.


Naren has many laurels to his credit. He is a leading voice on the Indian economy/ equity markets across the investment and financial services fraternity.

Mr. Rahul Goswami - Chief Investment Officer– Fixed Income

Rahul has re-joined ICICI Prudential AMC now as CIO of Fixed Income.


He has been earlier associated with the AMC for the period July 2004 to October 2009 as Co- Head - Fixed Income. In his earlier he was responsible for managing 8 debt funds with primary responsibility on Govt. Bonds and Corporate Bonds trading and involved monitoring of the factors like key economic developments, market liquidity, forex movement etc. He has been a key contributor to our success on the fixed income side in the past.


He has an overall work experience of around over 17 years. In his previous role with Standard Chartered Bank, he was a Senior Rates Trader & Head of Primary Dealership Desk.

 

Rahul currently manages 8 funds at ICICI Prudential i.e. ICICI Prudential Liquid Plan, ICICI Prudential Flexible Income Plan, ICICI Prudential Floating Rate Fund, ICICI Prudential Banking & PSU Debt Fund, . ICICI Prudential Medium Term Plan, ICICI Prudential Gilt Fund(All Options). ICICI Prudential Multiple Yield Fund, ICICI Prudential Capital Protection Oriented Fund,


Rahul hold a Bachelors degree in Science and an MBA from Bhopal University. Besides Standard Chartered Bank he has worked with various other organizations like Franklin Templeton, UTI Bank, SMIFS Securities, Khandwala Finance Ltd and RR Financial Consultants.


Rahul loves reading and is a keen follower of Formula 1 and tennis.

Board of Directors: Asset Management Company

Ms. Chanda Kochhar - Chairperson

Mrs. Chanda Kochhar, MD & CEO – ICICI Bank.


Ms. Chanda Kochhar is the Managing Director and Chief Executive Officer of ICICIBank Limited. She began her career with ICICI as a Management Trainee in 1984 and has thereon successfully risen through the ranks by handling multidimensional assignments and heading all the major functions in the Bank at various points in time.


In 1993 when ICICI decided to enter commercial banking, she was deputed to ICICI Bank as a part of the core team to set up the bank. When ICICI set up the Infrastructure Industry Group in 1996 to create dedicated industry expertise in the areas of Power, Telecom and Transportation sector, she was handpicked and made incharge of the Infrastructure Industry Group. Further in 1998, when ICICI created the ”Major Client Group“ to handle the relationships with the top 200 clients of ICICI, she was promoted as General Manager and was made the head of the Major Clients Group. In the year 1999 she simultaneously started handling the strategy and E-commerce divisions of ICICI.


In July 2000, she was chosen to head the Retail finance division of ICICI and has been instrumental in scaling up the business. In April 2001, she was promoted as an Executive Director, heading the retail business in the Bank. Having joined it during its nascent stage, her strategic thinking and skills to convert challenges into opportunities ensured that within a short span of around 5 years ICICI Bank emerged as the largest retail financer in India. In the process of transforming a small bank into the largest private sector bank in the country, within a decade of its inception, the various steps taken by her also shaped the retail finance industry in India.

 


In April 2006, she was appointed as the Deputy Managing Director with responsibility for both Corporate and Retail banking business of ICICI Bank and from October 2006 to October 2007, she handled the International and Corporate businesses of ICICI. Once again under her leadership, International banking was the fastest growing businesses within the Bank aiming to cater to the cross-border needs of clients.


In October 2007, she was appointed as the Joint Managing Director & CFO. She was heading the Corporate Centre, was the Chief Financial Officer (CFO) and was also the official spokesperson for ICICI Bank. In addition to finance, planning and communications; her responsibilities included the global treasury, principal investments & trading, risk management and legal functions. She was also responsible for day-to-day guidance and administrative matters relating to the compliance and internal audit functions.


Awards


Under the leadership of Ms. Kochhar ICICI Bank had won The Asian Banker - “Best Retail Bank in India“award for five consecutive years from the year 2001 to 2005. As recognition of her contribution to establish ICICI Bank as a leading player in the banking industry Ms. Kochhar has also been:

  • Ranked 25th in the Fortune’s List of Most Powerful Women in Business, 2008
  • Featured in the list of 25 most powerful women leaders in Business Today, 2008
  • Selected as ‘Rising Star Award’ for Global Awards 2006 by Retail Banker International
  • Awarded Business Woman of the Year 2005 by The Economic Times of India
  • Selected as Retail Banker of the Year 2004 (Asia-Pacific region) by The Asian Banker from amongst prominent retail bankers in the Asia Pacific region

 


Education & Certifications


Born in Jodhpur, Rajasthan, she joined Jaihind College in Mumbai for a Bachelors Degree in Arts and after graduating in 1982, completed her MBA and Cost Accountancy. She did her Masters in Management Studies (Finance) from the Jamnalal Bajaj Institute of Management Studies, Mumbai and topped her batch and received the Wockhardt Gold Medal for Excellence in Management Studies. In Cost Accountancy, she received the J. N. Bose Gold Medal for highest marks in that year.

Mr. Barry Stowe

Barry Stowe is Chief Executive of Prudential Corporation Asia.


He is responsible for an extensive network of over 50 life insurance and fund management operations spanning 13 diverse markets. With 450,000 dedicated staff and agents, Prudential’s Asia business offers a wide range of savings, protection and investment products tailored to meet the needs of local customers, in addition to consumer finance sector in Vietnam. Prudential is Asia’s leading Europe-based life insurer, with over £34.3 billion in assets under management (as of 30 June 2008), and is also a major player in Asia’s fund management sector.


Prior to joining Prudential in October 2006, Barry was President of Accident & Health Worldwide for AIG Life Companies, overseeing more than 100 operations across six continents. Under his leadership, AIG became the global market leader in Accident & Health insurance, leveraging rapidly-evolving dynamics between consumers, governments and the medical industry to maintain a vigorous CAGR of 24%. Barry was also pivotal in building the Accident & Health unit into one of AIG’s most profitable businesses, accounting for over 30% of AIG Life Companies’ total earnings by 2005.


Barry has considerable experience in Asia, having spent three years as the Regional Head for AIG Accident & Health in Southeast Asia before his appointment to the Hong Kong-based role of President, Accident & Health Worldwide.


In addition to his eleven years with AIG, Barry’s career in the insurance industry includes his tenure as President & CEO of Nisus, a subsidiary of the Pan American Life Insurance Company, and several leadership positions at Willis Corroon, a global risk management and insurance brokerage based in the U.S.


Barry is actively involved with a number of charities and community organisations, with a focus on the needs of children.

Mr. Suresh Kumar

Academic Career

 

Mr. Suresh Kumar graduated from the Sydenham College of Commerce & Economics of the University of Bombay with a Bachelor of Commerce (Honours) degree in 1971. He completed a post-graduate investment management programme conducted jointly by the Stanford University and the London School of Business. He also completed an Advanced Management Programme at the Columbia Business School.

 

Achievements/Eminent Positions held

 

  • Senior treasury and general management positions in a Government of Dubai project.
  • Management positions in the banking sector in India, in the U. K. and in the (West Coast) U.S.
  • Member of the senior Management of Emirates Bank Group since 1989.
  • Member on the Board of a number of offshore private equity firms.
  • More recently, he has assumed the role of a Chief Mentor and Group Director in Emirates NBD; with responsibilities for a number of organic and inorganic initiatives.
  • Recipient of the Rotary International Scholarship (1977) tenable in California (U.S.A.)
  • Recipient of Lord Aldington Banking Fellowship (1978)
  • Fellow of the Indian Institute of Bankers
  • Member of the regional Chief Executive Forum of the Institute of International Finance (IIF), Washington D.C.

 

Others

 

He writes regularly for the English and Arabic newspapers in the UAE, has addressed several symposia on financial and non-financial subjects in print, television and other media.

Mr. Vijay Thacker

Mr. Thacker is the Managing Partner of V. P. Thacker & Co.


Mr. Vijay Thacker is a Chartered Accountant and Cost Accountant and has been in professional practice for over 22 years. He is a Fellow of the Institute of Chartered Accountants of India.


Mr. Thacker’s professional skills and experience cover diverse facets including Audit and assurance, Business consulting, Corporate Law and taxation, Hotel and tourism consulting, Franchise consulting and Consulting for Family and Owner managed businesses.


He is also a speaker and paper writer at international and domestic conferences.

Mr. N.S. Kannan

Mr. N.S. Kannan is the Executive Director and Chief Financial Officer of ICICI Bank. In addition to Finance, Taxation and Communications, his responsibilities include Compliance, Internal Audit, Corporate Legal and Global Treasury operations.


Prior to the current assignment, Mr. Kannan was the Executive Director of ICICI Prudential Life Insurance Company. He looked after the Corporate Centre including the Finance and accounts functions, Investor/analyst relations, Investment Management, Corporate Strategy, Corporate Communications, Human Resources and Business Intelligence. Prior to shifting to ICICI Prudential, Mr. Kannan was the Chief Financial Officer and Treasurer of ICICI Bank.


Mr. Kannan has been with the ICICI group for over 18 years. He joined the ICICI group in 1991 as a project officer. During his tenure at ICICI group, he has handled project finance operations, infrastructure financing, structured finance and treasury operations.


Mr. Kannan is a postgraduate in management from the Indian Institute of Management, Bangalore with a gold medal for best all-round performance. He is also a Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India and an Honours graduate in Mechanical Engineering.

Mr. C. R. Muralidharan

Mr. C. R. Muralidharan was a Whole-Time Member of Insurance Regulatory and Development Authority, Hyderabad (IRDA) and was looking after the compliance by the insurers of the regulations on investments, analysis of financial statements of insurance companies, on and off-site supervision of insurance companies as well as other regulatory issues including the registration of new insurance companies.

Prior to joining IRDA, he worked in RBI for more than three decades in various capacities. He was heading the Department of Banking Operations and Development (DBOD) of RBI, which is responsible for laying down a regulatory framework on a wide range of operations for Indian commercial banks to promote a sound and competitive banking system consistent with the emerging international best practices. He assisted IMF in two overseas assignments and was associated with several High Level Working Groups on Banking Regulation.

Besides, he was also actively involved in the role of promotion of rural credit as well as in the development of HR for the central bank.

Mr. M. K. Sharma

Mr. M. K. Sharma holds Bachelors Degree in Arts and Bachelor of Law Degree from Canning College University of Lucknow. He completed Post Graduate Diploma in Personnel Management from Department of Business Management, University of Delhi and Diploma in Labour Laws from Indian Law Institute, Delhi. He was also nominated to attend Advance Management Programme at Harvard Business School.

He joined Hindustan Lever Limited in 1974 as Legal Manager and handled Legal and Secretarial work in diverse areas. He joined the Management Committee of Hindustan Unilever Limited in April, 1990 as Vice President, Legal and Secretarial. Mr. Sharma was inducted on the Board of Hindustan Unilever Ltd. as a Whole Time Director in August 1995. He served as the Vice Chairman of Hindustan Unilever Ltd. from April 2000 to May 2007.

He retired in May 2007 as the Vice Chairman entrusted with the responsibility for human resources, legal and secretarial, corporate affairs, corporate communications and corporate real estate functions and New Ventures, Plantation and Export businesses.

During this period, he worked closely on corporate restructuring of Unilever Group and played an active role in the merger, acquisition, divestment and consolidation of businesses/companies within the Group. He has served on the seven member Committee constituted by the Government of India for redrafting the Companies Act and was also a member of the Naresh Chandra Committee which formulated norms for Corporate Governance.

Mr. Nimesh Shah
Nimesh Shah joined ICICI Prudential AMC as its Managing Director in July 2007.
 
Nimesh has completed his Chartered Accountancy and Cost Accountancy. Prior to joining ICICI Prudential AMC, Nimesh was Senior General Manager at ICICI Bank and has over 18 years experience in banking and financial services. At ICICI Group, he has handled many responsibilities including project finance, corporate banking and international banking.  

He was associated with one of the first batches of senior managers selected to lead the foray of ICICI Bank into the international arena. He led ICICI Bank’s foray into the Middle-Eastern region and Africa.

Directors of the Trustee Company

Mr. M. N. Gopinath - Chairman

Mr. Gopinath is a career banker who continues to be associated with the banking sector as a Director of Bank of India. He joined Bank of India as a Probationary officer in 1970 and served them for 25 years, including 5 years at their New York Branch. He gained valuable exposure to all facets of banking including Treasury, International Banking, Merchant Banking, Retail Banking, Rural Banking, HR etc. At New York Branch he served as Vice President – Treasury, Vice President -Operations and Comptroller of US Operations consisting of three branches.


In 1995 he was invited by ICICI Bank Limited to join them as Senior Vice President in charge of the Mumbai Zone which accounted for 90% of the business of the bank which was just about 6 months old. He was part of the initial senior management team which stabilised and grew the bank. He organised the Retail Banking Group apart from taking the initiative to centralise operations which helped the bank to grow rapidly in a cost effective manner. The NPA management group too was set up by him. He is credited with managing the smooth merger of Bank of Madura with ICICI Bank Limited within a brief period of 10 months despite the merger process starting with protests by the Employees Union of bank of Madura. Developing a scalable model of Micro Finance, namely the Partnership Model, which has been adopted by all banks and MFIs is another notable achievement.


In 2005 after he retired from ICICI Bank Limited as Senior General Manager, Mr. Gopinath was invited by Bank of India to join their Board. His contributions during the first term of 3 years were well appreciated by the Bank and he was reappointed for a second term of 3 years in Oct 2008. He has served and continues to serve on many board level committees including Audit Committee, IT Committee, and Credit Committee etc.


Mr. Gopinath has served as a Nominee Director of ICICI Bank Limited on the boards of ICICI Home Finance Ltd, ICICI Webtrade Ltd and Stock Holding Corporation Ltd. He is the Chairman Loyalty Solutions and Research Ltd. He is also associated with DISHA, the credit counselling agency supported by ICICI Bank Limited as a member of its Advisory Committee.


He was associated with the setting up of Institute of Finance Banking and Insurance, a joint venture of ICICI Bank Limited and NIIT, which was started to provide well trained staff to the finance sector and at the same time improve the employability of fresh graduates. IFBI has provided over 6000 well trained personnel to various banks, insurance companies and NBFCs. Mr. Gopinath was responsible for developing the syllabi and course ware and he continues to be an advisor to the institute.


The association with IFBI prompted Mr. Gopinath to publish a text book on banking, titled “Banking Principles and Operations”, nearly 4000 copies of which got sold in one year. The second edition of the book will be published in Nov 09. In a review of the book published in the Journal of Indian Institute of Banking and Finance (IIBF) the reviewer had commended the book as follows, “Since M L Tannan’s publication, Banking Law and Practice, there has been no such exhaustive book on the subject.”M L Tannan’s book was first published in 1926 and revised from time to time.


Mr. Gopinath has provided advice on organisational and HR development to Bank Turan Alem of Kazaksthan, Timir Bank of Kazaksthan, Federal Bank and ICICI Bank Limited.


He started his career as a Tutor in Loyola College, from where he got his B Com degree in 1968. He served them for two years teaching B Com and Pre University classes.


Mr. Gopinath is a B Com, MBA by qualification and is also a Certified Associate of the Indian Institute of Bankers (CAIIB) He lives in Mumbai.

Mr. M. S. Parthasarathy

Mr. M.S. Parthasarathy’s professional experience and knowledge, gained over five decades, span different areas of banking and finance, commercial, central, and export banking, development financing, private equity and mutual funds.


After short stints with The United Commercial Bank Ltd. (1958-63) and the Reserve Bank of India - Department of Banking Operations (1963-1966), Mr. Parthasarathy moved to the Industrial Development Bank of India (1966-1981), where he was closely associated with the introduction of direct term-financing of exports and, finally, as a Deputy General Manager, was overseeing project appraisal. IDBI seconded him in 1981 to the Asian Development Bank (ADB), where, eventually, as a division chief (1991-95), he was responsible for the Bank’s financial and private-sector operations in China, Indonesia, Thailand, and Indochina countries. He helped launch the Bank’s Singapore-based private-sector-financing affiliate, Asian Finance and Investment Corporation Ltd. (AFIC)(1989-1991), where he directed operations as Senior Vice-President.


Mr. M.S. Parthasarathy represented ADB/AFIC on the boards of Bangkok Expressway and Malaysian Equity Fund. Returning to India in 1995, he joined the boards of Federal Bank Ltd. and Sundaram Asset Management Co. Ltd.(1996-2004). During 1996-1999, he was an advisor to the Daiwa Far East and Eastern Siberia Fund, sponsored by the European Bank for Reconstruction and Development (EBRD) with Japanese assistance. Currently, he is an independent director of Sundaram BNP Paribas Home Finance Ltd.


Mr. Parthasarathy holds a first-class commerce honours degree from the Madras University, and is an associate member of the Indian and British institutes of bankers, securing top spots in their examinations. He is a fellow of the World Bank Economic Development Institute.


Mr. Parthasarathy has authored/edited books on banking and negotiable instruments law, and contributed occasional articles on banking, law, finance, corporate governance, and taxation to professional journals and business newspapers.

Mr. Keki Bomi Dadiseth

A Fellow of the Institute of Chartered Accountants of England & Wales, Keki Dadiseth joined Hindustan Lever Limited in India in 1973 as Manager in the Audit Department. His tenure in the company included a three-year secondment to Unilever plc in London (1984-87), where he held senior financial and commercial positions.


On his return to India in 1987, Keki joined the Board of Hindustan Lever and, until he became Chairman in 1996, headed several businesses (Detergents and Personal Products) and functions (Personnel and Acquisitions & Mergers activities) for the Group in India.


Keki was appointed Director on the Board of Unilever plc and Unilever NV in May 2000 and a Member of the Executive Committee. On January 1, 2001, he took over as Director, Home and Personal Care, responsible for the HPC business of Unilever worldwide. He retired from Unilever in May 2005.


In India, Keki is closely associated with various industry, educational, management and medical bodies. He is a Trustee of the Ratan Tata Trust and a Member of the Managing Committee, Breach Candy Hospital Trust. He is on the Boards of The Indian Hotels Company Limited, Britannia Industries, Nicholas Piramal, Siemens, ICICI Prudential Life Insurance, ICICI Prudential Asset Management Trust and Godrej Properties Limited. He is also a Director on the Board of the Indian Business School. He is a Member of the International Advisory Board of Marsh & McLennan Companies Inc. and Fleishman-Hillard Inc., a Non-Executive Director of Prudential plc, Non-Executive Chairman of Omnicom India, a Member of the Senior Advisory Board of Oliver Wyman Limited, U.K. and a Member of the International Advisory Board of Goldman Sachs – with special focus on South Asia.

Mr. Vinod Dhall
Mr Vinod Dhall entered the Indian Administrative Service (IAS) in 1966 and retired as Secretary, Government of India.

During his career, his special experience was in the fields of Finance, Corporate Affairs, Industry, and Commerce, in which he worked for about 27 years. This includes experience of the banking and insurance sectors including insurance reforms, industrial financing, economic regulation including capital markets, competition law and policy, industrial development and investment promotion, corporate governance and corporate law reforms, and international experience. He also had direct management experience as CEO of two PSUs and has been Chairman /Member of Board of Directors of public sector banks/ development banks / financial institutions / insurance companies / Joint Sector undertakings.

Currently, Mr Dhall heads proprietary law firm, Dhall Law Chambers, which provides services in competition law, and other corporate and regulatory laws. He also advises on corporate governance issues and lectures on competition law and policy and corporate governance.

Positions held
Some of the positions held by Mr Dhall in the above areas in Government were:-

In Government of India
v First Member and actg Chairman, Competition Commission of India for about 5 years
Secretary, Department of Company Affairs (now Ministry of Corporate Affairs) and ex-officio Member, SEBI
v Special Secretary/Additional Secretary, Insurance Division, Ministry of Finance and ex-officio Director of LIC and GIC
Director (Industrial Financing), Banking Division, and ex-officio Director of two public sector banks.
Resident Director, Indian Investment Centre, Frankfurt, Germany

In Government of Madhya Pradesh
Additional Chief Secretary and (earlier) Secretary, Finance Department, and ex-officio Chairman of MP Financial Corporation
Secretary, Commerce and Industries Department and (earlier) Commissioner of Industries, and Deputy Secretary, Commerce and Industries Department. As Secretary he was also ex-officio Chairman of MP State Industries Development Corporation, MP Mining Corporation and of certain Joint Sector companies.
v CEO of two PSUs

International assignments

Consultant / Adviser, United Nations Industrial Development Organisation for over 5 years.

Financial Sector

As Special / Additional Secretary, Insurance Division, Ministry of Finance, Mr Dhall undertook measures for insurance sector reforms for opening the sector to private enterprise and establishment of the Insurance Regulator. Earlier, he was ex-officio director on the Boards of commercial banks.

Mr Dhall was earlier Additional Secretary, Department of Expenditure handling expenditure management.

Corporate Affairs

As the first Member and actg Chairman, Competition Commission of India, Mr Dhall initially set up the Commission and undertook the ground work for the full functioning of the Commission once the relevant sections are notified by the Government.

As Secretary, Department of Company Affairs (now, Ministry of Corporate Affairs), Mr Dhall’s work related to corporate governance, and corporate laws and regulation. It included company law reforms, promoting corporate governance practices, introduction of new corporate insolvency law, and competition law and policy. He conceived and initiated implementation of the E-governance project, MCA21.

Mr Dhall has been member of various juries for selection for awards in areas like corporate social responsibility, corporate governance, innovation and quality management.

Economic Regulation

In the field of economic regulation and reform, Mr Dhall has worked as ex-officio Member of the Board of SEBI; Secretary, Department of Company Affairs; Special Secretary (Insurance) in Ministry of Finance; and head of Competition Commission of India.

Industry and Management

Mr Dhall held a number of posts related to industrial development, investment promotion, foreign collaboration and management including Secretary/ Commisioner of Industries, and government nominee director in private / joint sector undertakings.

International Experience

Mr Dhall has worked as Resident Director, Indian Investment Centre, Frankfurt. In his work with UNIDO for over 5 years, he helped developing countries prepare the institutional and policy framework for foreign investment, industrial development, SME development, etc.

Academic Career and Awards

Mr Dhall has a Law degree from the University of Delhi and a Masters degree in Mathematics from the University of Allahabad. At the University of Allahabad, he was conferred several awards including:

Chancellor’s Gold Medal for the (all round) Best Student in the University;
Chancellor’s Silver Medal for the (all round) Best Student in the Post-Graduate classes of all faculties;
Chancellor’s Bronze Model for the (all round) Best Student in the Bachelor’s Degree Course in Science;
Six other Medals / Awards for academic and other achievements.
He was also Captain/ Member of the University Table Tennis for a number of years.

Mr. Sandeep Batra

Mr. Sandeep Batra is the Group Compliance Officer & Company Secretary of ICICI Bank. He is responsible for Regulatory compliance for the ICICI Group including its banking and non-banking subsidiaries and overseas offices. He moved into this assignment in November 2006.


He is also responsible for Internal Controls over Financial Reporting (SOX).


ICICI Bank is the largest private sector bank with operations in 19 countries and has subsidiaries operating in the Life and General Insurance, Securities, Asset Management and Venture Funding businesses.


Prior to moving to ICICI Bank, Mr. Batra was working with ICICI Prudential Life Insurance Company Limited since its inception in September 2000. As the Executive Vice President and Chief Financial Officer of the company, he had overall responsibility of finance, strategic planning, taxation, compliance and administration. In addition, he also supervised the human resources function. As a founding member of the Management Committee, he played a key role in development of the strategy and its deployment over the years as well as the set up of the governance structure of the organization.


Previous experience includes being the Financial Controller of Citicorp Maruti Finance Ltd. and Citicorp Credit Services Ltd.


Industry Associations


  • Member of the Insurance and Pension Committee of FICCI and provided key support the Life Insurance Council relating to regulatory /taxation changes for the industry during the tenure with ICICI Prudential Life.
  • Member of the Insurance Committee of Institute of Chartered Accountants of India (2002-03).
  • Presently a member of the Secretarial Standards committee of the Institute of Company Secretaries of India.

Academic Career and Awards


  • Chartered Accountant (1987) - All India Rank Holder.
  • Company Secretary (1993).
  • Awarded a National Scholarship by NCERT at an all India Competition (1983).