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Ambuja Cements Ltd (ABUJ.NS)

ABUJ.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Narotam Sekhsaria

69 2016 Non-Executive Non-Independent Chairman of the Board

Bimlendra Jha

2019 Chief Executive Officer - Desingate, Managing Director, Additional Director

Jan Jenisch

2017 Additional Vice Chairman of the Board

Suresh Joshi

54 2016 Chief Financial Officer

Meenakshi Narain

2014 Chief Human Resource Officer

Deepak Mehra

2017 Chief Marketing Officer

Rajiv Gandhi

2012 Compliance Officer, Company Secretary

Vilas Deshmukh

2014 Chief Manufacturing Officer

Rajeev Mehta

2017 Chief Logistics Officer

Roland Kolher

2018 Director

Then Tan

2019 Additional Director

Christof Haessig

2015 Non-Independent Non-Executive Director - Representing LafargeHolcim Ltd

Martin Kreigner

2016 Additional Non-Executive Non-Independent Director - Representing LafargeHolcim Ltd.,

Praveen Molri

59 2019 Non-Executive Non-Independent Director

Ranjit Shahani

68 2019 Non-Executive Non-Independent Director

Mahendra Sharma

71 2019 Non-Executive Non-Independent Director

Shikha Sharma

60 2019 Women Independent Director

Rajendra Chitale

57 2002 Non-Executive Independent Director

Omkar Goswami

62 2006 Non-Executive Independent Director

Shailesh Haribhakti

63 2006 Non-Executive Independent Director

Nasser Munjee

65 2001 Non-Executive Independent Director

Vinayak Khandekar

Assistant Manager, Secretarial

Biographies

Name Description

Narotam Sekhsaria

Mr. Narotam S. Sekhsaria serves as Non-Executive Non-Independent Chairman of the Board of Ambuja Cements Limited. He is a doyen of the Indian Cement Industry and one of the most respected business personalities in India. He introduced new standards in manufacturing, management, marketing efficiency and corporate social responsibility to an industry he helped transform. A first generation industrialist, Mr. Sekhsaria obtained his Bachelor’s in Chemical Engineering with honours and distinction from the University of Bombay. As the Principal Founder-Promoter of Ambuja Cement, he was the Chief Executive & Managing Director of the Company from its inception in April 1983, until January 2006. Mr. Sekhsaria relinquished the post of Managing Director and was appointed as the Non-executive Vice Chairman when management control of the Company was transferred to Holcim. In September 2009, he was appointed as the Non-executive Chairman after Mr. Suresh Neotia relinquished the post of Chairman. Mr. Sekhsaria built Ambuja Cement into the most efficient and profitable cement company in India. He created and developed a result-oriented management team, and an extraordinary business model for the Company that centred on continually fine-tuning efficiencies and upgrading facilities to meet increased competition and growing challenges in the Cement Industry. Mr. Sekhsaria redefined industry practices by turning cement from a commodity into a brand, bringing cement plants closer to cement markets and linking plants to lucrative coastal markets by setting up ports and a fleet of bulk cement ships for the first time in India. During his tenure, the Company grew from a 0.7 million tonne capacity to 15 million tonnes, from a market capitalisation of ` 18 crores to ` 14,000 crores, and from a single location, to a pan-India Company which set new benchmarks for the cement industry.

Bimlendra Jha

Mr. Bimlendra Jha is appointed as Chief Executive Officer - Desingate, Managing Director, Additional Director of the Company. Mr Jha is not related to any of the Directors of the company and he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. Mr Jha's appointment is subject to the approval of shareholders at the ensuing Annual General Meeting.

Jan Jenisch

Mr. Jan Jenisch is Additional Vice Chairman of the Board of the Company. Mr. Jan Jenisch is currently the CEO of LafargeHolcim Ltd. He is an MBA from the University of Fribourg, Switzerland. Prior to joining LafargeHolcim, Mr. Jan Jenisch worked with Sika AG, which develops and manufactures systems and products for building materials and automotive sectors. He worked in various management functions and countries and was appointed to the Management Board in 2004 as Head of the lndustry Division and served as President, Asia Pacific from 2007 to 2012. Under his leadership, Sika AG expanded into new markets and set new standards of performance in sales and profitability. He also served as the Chief Executive Officer of Sika AG from 2012 until 2017.

Suresh Joshi

Mr. Suresh Joshi serves as Chief Financial Officer of the Company., effective February 01, 2016. He is Regional Controller - South East Asia of LafargeHolcim group based at Zurich.

Meenakshi Narain

Deepak Mehra

Rajiv Gandhi

Vilas Deshmukh

Rajeev Mehta

Roland Kolher

Then Tan

Ms. Then Hwee Tan is Additional Director of the Company. Ms. Then Hwee Tan is a Singapore National. She's done her MBA from Wichita State University, Wichita, Kansas, USA in 1998 and IMD Executive Development Program. She is currently the Head of HR, Asia Pacific at Sika Asia Pacific Management, Singapore and responsible for developing HR strategies and implementation of programs to support the growth of Sika's business. She drives the development of talent & succession management, implemented compensation & benefits management process, lead HR aspects of merger & acquisition, developed best HR practices in the region. Ms.Then Hwee Tan is not related to any of the Directors of the company and she is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Christof Haessig

Mr. Christof Haessig serves as Non-Independent Non-Executive Director - Representing LafargeHolcim Ltd, of the Company. Mr. Hassig is a Swiss national and a professional banker with Masters in Banking and the Advanced Management Program at Harvard Business School. He is currently the Head of the Corporate Strategy and Mergers & Acquisitions function at LafargeHolcim Ltd. Before joining the erstwhile Holcim Ltd., Mr. Hassig worked for over twenty five years at UBS in different functions including global relationship manager and investment banker. In erstwhile Holcim, he has worked in corporate finance & treasury functions for over fifteen years. In 2013, he took over the additional responsibility as Head of Mergers & Acquisitions. Mr. Hassig joined the Board in December, 2015.

Martin Kreigner

Mr. Martin Kreigner serves as Additional Non-Executive Non-Independent Director - Representing LafargeHolcim Ltd., of the Company, with effect from February 11, 2016. Mr. Martin Kriegner is an Austrian national and has joined the Executive Committee of the LafargeHolcim Group in August 2016 and is responsible for India and South East Asia and since January 2018 also for the Australia and New Zealand operations. He is a graduate from the Vienna University with a Doctorate in Law and obtained an MBA at the University of Economics in Vienna. Mr. Kriegner joined Lafarge in 1990 and became the CEO of Lafarge Perlmooser AG, Austria in 1998. He moved to India as the CEO of the Lafarge‘s Cement operations in 2002 and later served as Regional President Cement for Asia, based in Kuala Lumpur. In 2012, he was appointed CEO of Lafarge India for the Cement, RMX and Aggregates business. In July 2015, he became Area Manager-Central Europe for the LafargeHolcim operations and was appointed Head of India effective March 1, 2016. Mr. Kriegner joined the Board in February, 2016. He is a member on the Audit Committee, Nomination & Remuneration Committee and CSR & Sustainability Committee.

Praveen Molri

Mr. Praveen Kumar Molri is Non-Executive Non-Independent Director of the Company. He is a Commerce Graduate and a Chartered Accountant. He is currently the Executive Director (Investment Operations) at LIC wherein he is heading Equity, Debt, Treasury, Pension and Group Scheme and ULIP Portfolios. He joined LIC in 1985 as Direct Recruit and has worked in different capacities including Divisional Manager and Chief Risk Officer before being elevated to the current position.

Ranjit Shahani

Mr. Ranjit Shahani is Non-Executive Non-Independent Director of the Company. He is a Mechanical Engineer from liT Kanpur and MBA from Jamnalal Bajaj Institute of Management Studies. He started his career with Imperial Chemical Industries (ICI) in India and then served as General Manager with ICI, Zeneca in UK overseeing Asia Pacific and Latin America operations for petrochemicals and plastics division. He was the CEO of Roche Products and on the Board of Novartis India Ltd. from 2002 to 2018. He is currently the President of the Swiss Indian Chamber of Commerce and is on the Board of Hikal Ltd., Novartis Comprehensive Leprosy Care Association etc.

Mahendra Sharma

Mr. Mahendra Kumar Sharma is Non-Executive Non-Independent Director of the Company. He is an Arts & Law Graduate from University of Lucknow and a Post Graduate Diploma holder in Personnel Management and Labour Laws. He started his career with Hindustan Unilever Ltd. in 1974 and after working in different functions such as corporate restructuring, M&A etc. he retired in 2007 as its Vice Chairman with the responsibility of HR, Legal & Secretarial, Corporate Affairs, Real Estate etc. He has served as member of the Corporate Law Committee to comprehensively redraft the Companies Act and as a member of Naresh Chandra Committee on Corporate Governance. He is on the Board of several companies viz; United Spirits Ltd., Asian Paints Ltd., Wipro Ltd. , etc .

Shikha Sharma

Smt. Shikha Sharma is Women Independent Director of the Company. She is a B.A. (Hons.) in Economics, PGD in Software Technology and MBA from liM Ahmedabad. She was the MD & CEO of Axis Bank Ltd. from 2009 to 2018. She began her career with ICICI Bank in 1980. At ICICI, she was instrumental in setting up ICICI Securities besides setting up various group business for ICICI including investment banking and retail finance. Before moving to Axis Bank, she was the MD & CEO of ICICI Prudential Life Insurance Co. Ltd. She was a Member of RBI's Technical Advisory Committee and chairs Cll National Committee on Banking. She has featured in Fortune's Top 50 most powerful Women in business outside US and has several awards & recognition to her credit.

Rajendra Chitale

Shri. Rajendra Prabhakar Chitale serves as Non-Executive Independent Director of Ambuja Cements Ltd. Mr. Chitale, an eminent Chartered Accountant and a Law Graduate, is the Managing Partner of M/s. Chitale & Co, a leading boutique international structuring, tax and legal advisory firm and of M/s M. P. Chitale & Co., a reputed chartered accountancy firm. He has served as a member of the Insurance Advisory Committee of the Insurance and Regulatory Development Authority of India, the Company Law Advisory Committee, Government of India, the Takeover Panel of the Securities & Exchange Board of India, the Advisory Committee on Regulations of the Competition Commission of India, and the Maharashtra Board for Restructuring of State Enterprises, Government of Maharashtra. He has served on the Board of Life Insurance Corporation of India, Unit Trust of India, Small Industries Development Bank of India, National Stock Exchange of India Ltd. and Clearing Corporation of India Limited. He is on the Board of several large corporates. Mr. Chitale joined the Board in July, 2002. He is the Chairman of the Audit Committee, Stakeholders Relationship Committee and Risk Management Committee and the member of the CSR & Sustainability Committee.

Omkar Goswami

Dr. Omkar Goswami, Ph.D., serves as Non-Executive Independent Director of Ambuja Cements Ltd. Dr. Goswami, a professional economist, did his Master’s in Economics from the Delhi School of Economics and his D. Phil (Ph.D.) from Oxford University. He taught and researched economics for 20 years at various reputed universities in India and abroad. During a career spanning over three decades, he has been associated as a member or advisor to several Government committees and international organizations like the World Bank, the OECD, the IMF and the ADB. He also served as the Editor of Business India, one of India’s prestigious business magazines and as the Chief Economist of the Confederation of Indian Industry. Dr. Goswami is the Founder and Executive Chairman of CERG Advisory Pvt. Ltd., which is engaged in corporate advisory and consulting services for companies in India and abroad. He also serves on the Board of several large corporations. Dr. Goswami joined the Board in July, 2006. He is a member on Audit Committee, Risk Management Committee and the Compliance Committee.

Shailesh Haribhakti

Shri. Shailesh V. Haribhakti serves as Non-Executive Independent Director of Ambuja Cements Ltd. Mr. Shailesh Haribhakti is the Founder & Chief Mentor of Baker Tilly DHC Pvt. Ltd. and of Haribhakti & Co. LLP (Chartered Accountants); Chairman, New Haribhakti Business Services LLP & Chairman, Mentorcap Management Pvt. Ltd. Evolving from a background in Audit, Tax and Consulting, he now seeks to create enduring value for Companies and organizations he is involved by being a deeply engaged Independent Director. His strong belief is that good Governance creates a sustainable competitive advantage. He is a strong supporter of a clean and green environment and is pioneering the concept of ‘innovating to zero’ in the social context. He is currently Chairman of the National Pension Scheme Trust and a Member of Pension Advisory Committee (PAC) of Pension Fund Regulatory & Development Authority (PFRDA). He serves on several large Boards of Multinational and Indian Companies and ‘Not for Profit’ organizations. He is also a member of several Advisory Boards. He has participated in creating Indian Multinationals in the services sector. His passion for teaching, writing and public speaking have made him an associate with IIMA, many management institutions and several industry & professional forums. He has led BMA, IIA (Mumbai), ICAI (WIRC), IMC, FPSB and Rotary Club of Bombay over the last several decades. For two years he served on the Standards Advisory Council of the IASB in London. Mr. Haribhakti joined the Board in May, 2006. He is the member of the Nomination & Remuneration Committee, Risk Management Committee and the Compliance Committee.

Nasser Munjee

Shri. Nasser M. Munjee serves as Non-Executive Independent Director of Ambuja Cements Ltd. Mr. Munjee holds a Master’s degree in economics from the London School of Economics (LSE), U.K. His journey in creating financial institutions began with HDFC, which he joined at its inception in February 1978. In March 1993, he joined the Board of HDFC as Executive Director until 1997. He continues to be an Independent Director on the Board of HDFC along with other leading companies like ABB India, Cummins India, Tata Motors, Tata Chemicals, Britannia Industries, Jaguar Land Rover and GoAir. In 1997, Mr. Munjee played a pivotal role in setting up IDFC and was its CEO in its formative years. Mr. Munjee has a deep interest for rural development, housing finance, urban issues, specially the development of modern cities and humanitarian causes. He is also the Chairman of DCB Bank and of two other Aga Khan institutions in India. He was the President of the Bombay Chamber of Commerce and Industry – the city’s oldest Chamber of Commerce and has served on numerous Government Task Forces on Housing and Urban Development. He has been awarded as the “Best Non-Executive Independent Director 2009” by Asian Centre for Corporate Governance (ACCG). Mr. Munjee joined the Board in August, 2001. He is the Chairman of the Nomination & Remuneration Committee and a member of the Audit Committee, CSR Committee and Risk Management Committee.

Vinayak Khandekar