chola Management

BOARD OF DIRECTORS

chola Managing Director
Mr. M M Murugappan
Chairman &
Non-Executive Director
chola Managing Director
Mr. Arun Alagappan
Executive Director
chola Non-Executive Director
Mr. V Srinivasa Rangan
Independent Director

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chola  Chairman
Mr. M B N Rao (69 years) DIN: 00287260
Chairman & Independent Director
  • Is a Bachelor of Science in Agriculture, an Associate of the Chartered Institute of Bankers, London, a Certified Associate of the Indian Institute of Bankers and a Fellow of the Indian Institute of Banking & Finance. Holds two Diploma in Computer Studies from the University of Cambridge and the National Centre for Information Technology, United Kingdom. Was a Member of the Singapore Institute of Management.
  • Is the former Chairman and Managing Director of Canara Bank and Indian Bank. Chairman of Canara Bank subsidiaries in Insurance, Mutual Fund, Venture Capital, Factoring, Computer Services, Online Trading & Broking; Indian Bank subsidiaries in Merchant Banking, Housing and Mutual Fund. Vice Chairman of Commercial Bank of Vice Chairman of Commercial Bank of India, Moscow (a joint venture of State Bank of India and Canara Bank)
  • Has over 47 years of varied experience in the fields of banking, finance, economics, technology, human resource, marketing, treasury and administration.
  • Has over nine years of international banking experience in Singapore and Indonesia.
  • Was also the Chairman of Indian Banks Association and a member of various committees constituted by RBI, MOF, SEBI and National Institute of Bank Management.
  • Is on the Boards of various reputed companies including E.I.D. Parry (India) Ltd., Ramco Cements Ltd., Taj GVK Hotels and Resorts Ltd.
  • Member of Overseeing Committee (under the aegis of the Reserve Bank of India to review resolution of NPAs) and is an Expert Member of the Independent Oversight Committee of the Governing Board for Listing Function of National Stock Exchange of India Limited.
  • Has received various awards including Best Bank in Public Sector, Corporate Governance, Corporate Social Responsibility and Best performance awards for Financing to SMEs, Agriculture, Exports during his tenure with Indian Bank and Canara Bank from His Excellency President of India, Hon'ble Prime Minister, Finance Minister, Minister for Commerce and RBI Governor.
  • Joined the Board of Chola in July, 2010.
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chola Managing Director
Mr. M M Murugappan (62 years) DIN: 00170478
Chairman & Non-Executive Director
  • Is the Executive Chairman of Murugappa Corporate Advisory Board.
  • Has over 40 years of experience in diverse areas including strategy & business development, technology, R&D and human resources.
  • Holds a Bachelor’s degree in Chemical Engineering from the AC College of Technology, University of Madras, India and a Master of Science Degree in Chemical Engineering from the University of Michigan, Ann Arbor, Michigan, USA.
  • Is the non-executive chairman of TI Financial Holdings Limited, Cholamandalam MS General Insurance Company Ltd, Coromandel International Limited, Tube Investments of India Limited and Carborundum Universal Limited.
  • Is an independent director on the boards of companies outside the Murugappa Group such as Mahindra & Mahindra Ltd. and Cyient Ltd.
  • Served on the Board of Governors of IIT Madras, for six years till November 2011 and has enabled many industry academic partnerships. Now serves on the board of the IIT-Madras Research Park and is a mentor to many companies incubated there.
  • Is a Trustee of the Group’s AMM Foundation, actively involved in the development of various citizenship initiatives, particularly in education, health care, performing arts and sports.
  • Appointed as an additional director of Chola on 31 May 2018. Had earlier served as a non-executive director on the Board of Chola from January 2015 till October 2017.
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Executive Director
Mr. Arun Alagappan (41 years) DIN: 00291361
Executive Director
  • Graduate in Commerce, holds Masters in Business Administration from Cardiff Business School.
  • 18 years of experience in various units of the group viz., Parryware, Tube products of India and lastly as the President of TI Cycles.
  • Was instrumental in forging the alliance with Roca and under his leadership, TI Cycles has grown into an INR 14.8 Billion business, with leading indigenous brands like BSA, Hercules, Montra, Lady Bird and affiliation with international brands like Ridley, Bianchi, Cannondale.
  • Is on the Boards of Cholamandalam Home Finance Limited, Lakshmi Machine Works Limited, Roca Bathroom Product Private Limited and few other Murugappa group Companies.
  • Is appointed as the Executive Director in Chola effective 19 August, 2017.
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chola Vice-Chairman
MR. N Srinivasan (59 years) DIN: 00123338
Executive Vice Chairman & Managing Director
  • Graduate in Commerce, Associate member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
  • 33 years of experience in the areas of corporate finance, legal, projects and general management.
  • Position: Member of Murugappa Corporate Board and director on the Boards of TI Financial Holdings Limited (Formerly Tube Investments of India Ltd.), Cholamandalam MS General Insurance Company Ltd. and Cholamandalam MS Risk Services Limited.
  • Joined the Board of Chola in December, 2006. Appointed as Vice Chairman in January, 2012 and taken charge as the Executive Vice Chairman & Managing Director effective 19 August, 2017.
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chola Non-Executive Director
Mr. V Srinivasa Rangan (58 years) DIN: 00030248
Independent Director
  • Is a graduate in Commerce, Associate member of Cost Accountants of India and the Institute of Chartered Accountants of India.
  • Has over 35 years of experience in corporate finance , treasury and banking.
  • Is an Executive Director at Housing Development Finance Corporation Limited (HDFC Ltd.) and has been associated with the company since 1986.
  • Is a Director on the Boards of Atul Limited, True North Corporate Private Limited, TVS Credit Services Limited and several other companies in HDFC Group.
  • Was Conferred the "Best CFO in the Financial Sector for 2010" by the Institute of Chartered Accountants of India.
  • Was a member of the RBI's committee on the Asset Securitisation and Mortgage Backed Securitisation.
  • Was a member of the Technical Group formed by National Housing Bank for setting up of a Secondary Mortgage Market Institution in India
  • Joined the Board of Chola in July, 2011.
chola Non-Executive Director
Ms. Bharati Rao
Independent Director
chola Non-Executive Director
Mr. Ashok Kumar Barat
Independent Director
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chola Non-Executive Director
Ms. Bharati Rao (69 years) DIN: 01892516
Independent Director
  • Is a post graduate in Economics and a Certified Associate of the Indian Institute of Banking & Finance.
  • Has over 46 years of varied experience in the fields of project finance, International Operations, credit and risk management.
  • Retired as the Deputy Managing Director and Chief Development Officer of SBI, holding concurrent charge of SBI’s Associate Banks and Non-Banking subsidiaries and an advisor for mergers and acquisitions.
  • Is on the Boards of various companies including Carborundum Universal Limited, Wheels India Ltd, Can Fin Homes Limited, SBI Capital Markets Ltd., SBI Caps (UK), SBICAP Securities Ltd., SBI Global Factors Ltd., Tata Tele Services Ltd., Neuland Laboratories Ltd., and Delphi-TVS Diesel Systems Ltd.
  • Joined the Board of Chola in July, 2014.
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chola Non-Executive Director
Mr. Ashok Kumar Barat (61 years) DIN: 00492930
Independent Director
  • Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
  • Has varied experience in the fields of Finance, M&A, Strategy and Governance. He has worked in different roles, operational and staff, as a CFO, Managing Director and CEO and Country Manager.
  • Is a director on the Board’s of DCB Bank Limited, Mahindra Intertrade Limited and Wacker Metroark Chemicals Private Limited (a subsidiary of Wacker Chemie AG).
  • Was the Managing Director and Chief Executive Officer of Forbes & Company Limited from 2008 till his retirement in 2016.
  • Worked with Hindustan Lever Limited (now Unilever), Pepsi, Electrolux, Telstra and Heinz. Was the past President of the Bombay Chamber of Commerce and Industry.
  • Joined the Board of Chola in October, 2017.
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