chola Management

BOARD OF DIRECTORS

chola Managing Director
Mr. M M Murugappan
Chairman &
Non-Executive Director
chola Managing Director
Mr. Arun Alagappan
Managing Director
chola Non-Executive Director
Mr. Ashok Kumar Barat
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 (43 years) DIN: 00291361
Managing 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.
  • Was the Executive Director of the Chola from 19 August, 2017 to
    14 November 2019.
  • Is the Managing Director of Chola effective 15 November 2019.
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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. 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.
chola Non-Executive Director
Mr. N Ramesh Rajan
Independent Director
Independent Director
Mr. Rohan Verma
Independent Director
chola Non-Executive Director
Ms. Bhama Krishnamurthy
Independent Director
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chola Non-Executive Director
Mr. N Ramesh Rajan (61 years) DIN: 01628318
Independent Director
  • Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India.
  • Has 37 years of experience in the fields of finance, strategy and operations.
  • Was the Chairman and Senior Partner, PwC India responsible for overall strategy and operations of all PwC entities in India. As Chairman & Senior Partner he had represented India on the Global Strategy Council of PwC International and served as a member on PwC’s Central Cluster led by PwC, UK.
  • Is the founder and senior partner of LeapRidge Advisors LLP.
  • Is the Chairman of Indo National Limited and is also on the Board of TTK Healthcare Limited.
  • Was appointed as an additional director on the Board of Chola on 30 October, 2018
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chola Non-Executive Director
Mr. Rohan Verma (33 years) DIN: 01797489
Independent Director
  • Holds a Bachelor degree in Electrical Engineering from Stanford University and an MBA from London Business School.
  • Is a recipient of the President’s Award for Academic excellence in Stanford University and Dean’s List and Distinction Award from London Business School.
  • Is an Entrepreneur and a technology thought leader who created India’s very first interactive mapping portal mapmyindia.com at the
    age of 19 and has since built many technology innovations in the maps and location space.
  • Is a Director on the Board of C.E. Info Systems Private Limited (MapmyIndia), India’s leading maps, navigation, location technologies and GPS IoT company incorporated in 1992.
  • Is the Founder and Chairman of Infidreams Industries Private Limited, focused on creating social good through technology.
  • Was appointed as an additional director on the Board of Chola on
    25 March, 2019.
  • Is a member of the FICCI Young Leaders Forum.
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Independent Director
Ms. Bhama Krishnamurthy (64 years) DIN: 02196839
Independent Director
  • Holds a masters in science from Mumbai University
  • Has a career spanning over 35 years in IDBI (now IDBI Bank) and SIDBI, an Apex Development Bank for MSMEs in India covering almost all areas of development banking operations
  • Has varied experience including resource raising and management, forex, treasury operations, credit dispensation & management, risk management, credit function, head of branch operations and human resources division.
  • Is on the boards of various companies including Reliance Industrial Infrastructure Limited, Reliance Payment Solutions Limited, Catholic Syrian Bank Limited and Muthoot Microfin Limited.
  • Joined the board of Chola on July 31, 2019.
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