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Bharat Heavy Electricals Ltd (BHEL.BO)

BHEL.BO on Bombay Stock Exchange

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19 Sep 2019
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Summary

Name Age Since Current Position

Nalin Shinghal

55 2019 Chairman of the Board, Managing Director

Rajeev Kalra

48 2018 Compliance Officer, Company Secretary

Koushik Acharya

2019 General Manager and Head (PS-NR), Noida

A.B. Gupta

2019 General Manager and Head, COM, New Delhi Addl. Charge (CQ&BE)

Pankaj Jain

2019 General Manager - (Finance-RM), Delhi

Tarsem Lal

2019 General Manager and Head, (PS-SR) Chennai

Upinder Matharu

2019 General Manager and Head (PS-PMG), Delhi

S. Seetharaman

2019 General Manager and Head (REWB), Delhi

Rajiv Sharma

2019 General Manager and Head (ROD), Delhi

Alka Tuteja

2019 General Manager and Head (CTM), Delhi

Amit Varadan

53 2019 Part-time Official Director

S. Balakrishnan

58 2018 Director (IS&P)

Kamlesh Das

57 2019 General Manager - I (ROD), New Delhi, Director (E,R&D)

Subodh Gupta

55 2018 Director (Finance)

Manoj Varma

58 2018 Director ( Power )

C. Ananda

2019 Executive Director - (EDN), Bengaluru Addl. Charge (EPD)

Rana Basu

2018 Executive Director - (PCSG), Noida

Gautam Chaklader

2019 Executive Director - (FSIP), Jagdishpur

S. Chaturvedi

2019 Executive Director - (TBG), Noida Addl. Charge (IS-CFP, IPE & IPM)

D. Dikshit

2017 Executive Director - (TP), Jhansi

Renuka Gera

2019 Executive Director - (ESS), New Delhi

Sanjay Gulati

2017 General Manager - I (HEEP), Haridwar

A.M. Gupta

2018 Executive Director - (HBG), Noida

G. Hedaoo

2017 Executive Director (PS - Marketing, Thermal & Gas), New Delhi

A. Jain

2019 Executive Director (TBSG), New Delhi Addl. Charge (DABG)

Anil Joshi

2019 Executive Director - (CDT), New Delhi

Anil Kapoor

2019 Executive Director - (HR & CC), New Delhi Addl. Charge (PSG, CLD)

K. Khurana

2018 Executive Director - (PS-PEM), Noida

G. Kumar

2018 Executive Director - (ISG), Bengaluru Addl. Charge (HPEP)

S. Maiti

2014 Executive Director - PS-WR, Nagpur

Shakil Manocha

2019 Executive Director - (ISG), Bengaluru

A. Mukhopadhyay

2017 Executive Director (PS-ER) Chennai

C. Murthy

2019 Executive Director - (BAP), Ranipet

P. Nagamanickam

2019 Executive Director - (PS-SSBG), Noida

R. Padmanabhan

2019 Executive Director - (HPBP), Tiruchirappalli PPPU, Thirumayam & Piping Centre, Chennai

P. Jagadiswara Reddy

2019 Executive Director - (PE&SD), Hyderabad Addl. Charge (HPVP)

Manoj Shah

2019 Executive Director - (CSM), New Delhi Secretary, Mgmt. Committee

Jai Singh

2019 Executive Director - (CFFP), Haridwar

Surinder Singh

2019 Executive Director - (PS-ER), Kolkata

Ajit Sinha

2019 Executive Director - (IS-CPP & PMG) New Delhi

Gyan Srivastava

2019 Executive Director - (PS-TS), Noida

S.V.N. Sundar

2018 Executive Director - (Corporate R&D), Hyderabad

D. Thakur

2017 Executive Director (HEP), Bhopal

P. Yadav

2017 General Manager - I (NBG), Noida

I.P. Singh

2018 Company Secretary

Desh Goel

61 2017 Part-Time Non-Official Independent Director

Ranjit Rae

61 2017 Independent Director

Rajesh Sharma

47 2019 Independent Director

R. Swaminathan

63 2017 Independent Director

Biographies

Name Description

Nalin Shinghal

Dr. Nalin Shinghal is Chairman of the Board, Managing Director of the Company. He assumed charge of the post of Chairman & Managing Director of BHEL w.e.f. 8th July, 2019. He holds a B. Tech degree in Electrical Engineering from IIT-Delhi and PGDM from IIM (Calcutta). He has been a Commonwealth Scholar and has a doctorate in Transport Economics from the University of Leeds/UK. Prior to joining BHEL, he was the Chairman & Managing Director (CMD) of Central Electronics Limited (CEL). He joined CEL in 2013 as CMD, when the company was facing chronic sickness with almost 90% of its net worth eroded. Under his leadership, CEL was successfully turned around into a profit making company with rapidly growing profits. The turnaround has also been taken up as a case study by IIM Ahmedabad. In his long career span of more than 30 years, he has undertaken a range of assignments in Private Sector, Public Sector and Government. He has worked with the Indian Railways Traffic Service (IRTS) in various capacities in Operations, Commercial & Marketing as well as Planning functions and also in several diverse areas with PSUs like CONCOR, IRCTC, apart from CEL. Prior to CEL he worked as Director (Tourism & Marketing) Indian Railways Catering & Tourism Corporation Ltd. (IRCTC) for six years and also held charge as MD-IRCTC for about 2 years, in which period, the company achieved rapid growth and attained Mini Ratna status. As Director (Tourism & Marketing) he headed the Internet Ticketing as well as Travel & Tourism businesses of IRCTC. In his tenure the e-ticketing business grew from 20,000 tickets per day to almost 5 lakh tickets per day. He was also responsible for setting up and perspective planning of the complete Tourism business of IRCTC. Dr. Nalin Shinghal has published a number of articles in leading national & international journals in the areas of Transport Economics & Logistics.

Rajeev Kalra

Shri. Rajeev Kalra is Compliance Officer, Company Secretary of the Companny. Shri Rajeev Kalra is a Commerce (Honours) graduate from University of Delhi and Ma.ster of Commerce from HP University. He is an Associate member of the Institute of Company Secretaries of India. Shri Rajeev Kalra is also an Associate member of the Institute of Cost Accountants of India. Shri Kalra started his career with BHEL as Executive Trainee (Finance) in 1995 and during his career progression, equipped himself with all facets in the area of finance, company law & listing compliances and Board related matters in various capacities.

Koushik Acharya

A.B. Gupta

Pankaj Jain

Tarsem Lal

Upinder Matharu

S. Seetharaman

Rajiv Sharma

Alka Tuteja

Amit Varadan

Shri. Amit Varadan is Part-time Official Director, Joint Secretary of the Company. He was inducted as Part-time Official Director on the Board of BHEL w.e.f. 27th March, 2019. He is presently posted as Joint Secretary in the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, Government of India. Shri Amit Varadan holds a Bachelor’s Degree in Economics from St Stephen’s College, Delhi University and a Master’s Degree in Economics from Jawaharlal Nehru University. He is also an MBA from the Faculty of Management Studies, Delhi University. Prior to taking charge of Joint Secretary, he was Divisional Railway Manager, Secunderabad Division, South Central Railway. He joined Indian Railway Traffic Service (IRTS) in August 1990. During his tenure in Railway Service, he has worked in various wings of the Indian Railways viz., Operating, Commercial, Safety, Vigilance, Information Technology and Public Relations at various levels in the Divisional Units (cutting edge of Railway Operations), in Zonal Headquarters and Railway Board. He has also worked in the Centre for Railway Information Systems (CRIS). Prior to joining Indian Railway Traffic Service, he worked as Lecturer of Economics in Hindu College, Delhi University. Shri Amit Varadan holds the position of Part-time Official Director on the Board of Andrew Yule & Co. Limited. Being a Government of India nominee on the Board of BHEL, Shri Amit Varadan does not receive any remuneration from BHEL. Shri Amit Varadan does not hold any shares in BHEL and he does not have any relationship with other Directors/Manager/ Key Managerial Personnel of the Company. No Board Meetings were held during the tenure of Shri Amit Varadan in FY 2018-2019. By virtue of Section 161 of the Companies Act, 2013 read with Article 67(iv) of the Articles of Association of the Company,

S. Balakrishnan

Shri. S. Balakrishnan is Director (Industrial Systems & Products) of the Company. Shri Balakrishnan was inducted as Director (Industrial Systems & Products) on the Board of BHEL w.e.f. 01.06.2018. Prior to this, Shri Balakrishnan was heading the Heavy Power Equipment Plant (HPEP), Ramachandrapuram - one of the major units of BHEL at Hyderabad as Executive Director. Earlier he was heading the company's Industrial Products (Electrical & Mechanical) business at Industry Sector, Delhi, as General Manager In-charge. Shri Balakrishnan is a Mechanical Engineering graduate from University of Indore, Madhya Pradesh and acquired his Masters Degree in Stress & Vibration Analysis from Bhopal University. Shri Balakrishnan brings with him versatile and varied experience of over 37 years in core areas of economy viz. Power Generation & Transmission, Renewable Energy, Transportation, Electric Mobility, Energy Storage, Captive Power, Oil & Gas, Defence and Water Management. He has developed core competencies in the functions of Strategic Management, Marketing & Business Development, Project Development & Execution, Partner Management, Human Resource Management & Industrial Relations, Manufacturing and Technology Development. Shri Balakrishnan started his career with BHEL as Engineer Trainee in 1982 in the company's Trichy unit and subsequently moved to BHEL, Bhopal, where he worked in various capacities in the areas of A.C. Machines, Nuclear Turbines and Transformers at BHEL's Bhopal Plant. Shri Balakrishnan is also the Vice President of CIGRE-India and is a member of its Governing Council. Appointment of Shri Balakrishnan is upto 30.11.2020 or until further orders, whichever event occurs earlier, in the pay scale of `1,80,000 - `3,40,000 p.m. on terms and conditions approved by the Government of India. Shri Balakrishnan does not hold any shares in BHEL and he does not have any relationship with other Directors/ Manager/ Key Managerial Personnel of Company.

Kamlesh Das

Shri. Kamlesh Das is Director (Engineering, Research & Development) of the Company. Shri Kamalesh was inducted as Director (Engineering, Research & Development) on the Board of BHEL w.e.f. 1st March, 2019. Shri Kamalesh Das is an Engineering Graduate from Calcutta University and also has a Post Graduate Diploma in Management. Prior to becoming Director (E, R&D), Shri Kamalesh Das as Executive Director, was heading various business verticals at BHEL’s Industry Sector, which is responsible for carrying out the company’s diversification and growth initiatives. Major verticals in his portfolio included Renewable Energy, Industrial Systems, Electrical and Transmission Products. He joined BHEL as an Engineer Trainee at the company’s Insulator Plant in 1982. Shri Das has over 36 years of holistic and hands-on experience in energy, transmission and industrial systems. During his career in BHEL, he has developed and demonstrated a comprehensive set of competencies in various value chain activities like marketing, engineering, production, commercial, project management, human resource & industrial relations, legal management, project finance and strategic management. Earlier he was also the head of various manufacturing units of BHEL like Insulator Plant, Jagdishpur, Electro-Porcelains Division, Bengaluru, and Component Fabrication Plant, Rudrapur. Shri Kamalesh Das holds the position of Part-time Nominee Chairman on the Board of BHEL-GE Gas Turbine Services Private Limited. Appointment of Shri Kamalesh Das is upto 31.07.2021 or until further orders, whichever event occurs earlier, in the pay scale of `1,80,000 - `3,40,000 p.m. on terms and conditions approved by the Government of India Shri Kamalesh Das does not hold any shares in BHEL and he does not have any relationship with other Directors/ Manager/ Key Managerial Personnel of the Company. No Board Meetings were held during the tenure of Shri Kamalesh Das in FY 2018-2019. By virtue of Section 161 of the Companies Act,

Subodh Gupta

Shri. Subodh S. Gupta is Director (Finance) of the Company. Shri. Gupta was appointed as Director (Finance) on the Board of BHEL w.e.f. 18.04.2018. Shri Gupta is a Fellow member of the Institute of Cost Accountants of India (ICAI) and a Commerce (Honours) Graduate from University of Delhi. Prior to his appointment to the board of Directors, he was General Manager (Corporate Finance) handling financial planning and strategy, treasury management and taxation. In addition, he was also heading the Finance function of Strategic Business Units under the company’s “Industry Sector” business segment. An accomplished finance professional, Shri Gupta brings with him more than 34 years of diverse experience in the financial operations of BHEL. He started his career with BHEL as Trainee (Finance) in 1985 and during his career progression, equipped himself with all facets of Financial Management to take challenging responsibilities. Under the dynamic / mettlesome leadership of Shri Gupta, BHEL has been bestowed with the Maiden ICWAI National Award for Excellence in Cost Management 2005 and Maiden prestigious CII-Exim Bank Award for Business Excellence 2006. As a certified TQM assessor from European Foundation for Quality Management, he has significantly contributed in improvement of business processes and conducted several internal and external TQM assessments. He was conferred with CMA Achiever’s Award - Certificate of Merit 2016, for his significant contribution to Corporate Management practices, under the category “PSU Manufacturing –Large” by the Institute of Cost Accountants of India. Shri Subodh Gupta has played a pivotal role in reorientation of planning & budgeting exercise, structural changes in financial reporting, tax planning & its management resulting into more robust financial position of the company and transparent reporting.

Manoj Varma

Shri. Manoj Kumar Varma is Director ( Power ) of the Company. He was inducted as Director (Power) on the Board of BHEL as 19th December, 2018. He is a Mechanical Engineering Graduate from SGSITS, Indore and an MBA in Marketing from Bhopal University. Prior to becoming Director (Power), he was heading Power Sector- Southern Region Chennai, as Executive Director, which is executing major power projects & contributing substantially to BHEL’s Power Sector segment. Shri Manoj Kumar Varma has 35 years of holistic and hands on experience in the field of Energy, Industrial System and Infrastructure industries covering major value chain functions viz. Production, Commercial Management, Marketing & Business Development, Contract Management, Planning & Development, Information Technology and Strategic Management. Shri Manoj Kumar Varma joined the organisation as Engineer Trainee at Transformer Plant, BHEL Jhansi and subsequently moved to Heavy Electrical Plant, Bhopal where he worked in various capacities and later on was transferred to Industry Sector, New Delhi as General Manager. During his career in BHEL, he also headed the erstwhile Ceramic Business Unit of BHEL, Bengaluru with erstwhile Electroporcelains Division (EPD, Bengaluru) and Insulator Plant (IP, Jagdishpur) under its ambit. Shri Manoj Kumar Varma holds the position of Part-time Nominee Chairman on the Board of Raichur Power Corporation Limited. Appointment of Shri Manoj Kumar Varma is upto 31.01.2021 or until further orders, whichever event occurs earlier, in the pay scale of `1,80,000 - `3,40,000 p.m. on terms and conditions approved by the Government of India. Shri Manoj Kumar Varma does not hold any shares in BHEL and he does not have any relationship with other Directors/ Manager/ Key Managerial Personnel of the Company. Shri Manoj Kumar Varma has attended one Board Meeting which was held during his tenure in FY 2018-2019.

C. Ananda

Rana Basu

Gautam Chaklader

S. Chaturvedi

D. Dikshit

Renuka Gera

Sanjay Gulati

A.M. Gupta

G. Hedaoo

A. Jain

Anil Joshi

Anil Kapoor

K. Khurana

G. Kumar

S. Maiti

Shakil Manocha

A. Mukhopadhyay

C. Murthy

P. Nagamanickam

R. Padmanabhan

P. Jagadiswara Reddy

Manoj Shah

Jai Singh

Surinder Singh

Ajit Sinha

Gyan Srivastava

S.V.N. Sundar

D. Thakur

P. Yadav

I.P. Singh

Desh Goel

Shri. Desh Deepak Goel is Independent Director of the Bharat Heavy Electricals Ltd. He was appointed as an Independent Director on the Board of BHEL w.e.f. 23rd September, 2017. A retired Indian Revenue Service Officer of 1982 batch, Shri Goel holds a Bachelor degree in Botany, Zoology & Chemistry from Kanpur University, Master degree in Botany from Agra University and Law from Delhi University. Shri Goel worked as Asstt./ Dy. Commissioner (1982-1991), Joint/ Addl. Commissioner (from 1991-1992/ 1994-2001) and Commissioner (2001- 2014). He also worked in the Department of Public Enterprises, Government of Uttar Pradesh as Corporate Tax Planning Advisor (1992 to 1994). He served as Principal Commissioner (Equivalent to AS) (2014-2016) and Chief Commissioner (Jan 2016 to Nov 2016) in the Income Tax Department. Shri Goel’s area of specialization includes Finance, Law, Management and Administration. Shri Goel has varied experience in administration and enforcement of Direct Taxes, financial evaluation of new projects of PSUs and as Corporate Tax Planner & advisor to several State PSUs. He has served as Government Official at posts equivalent to Additional Secretary for two years and has retired from the position of Chief Commissioner of Income Tax. He served as Commissioner Income Tax (equivalent to Joint Secretary) for fourteen years. Shri Goel’s appointment is upto 11.09.2020 or until further orders whichever event occurs earlier. As an Independent Director, he is entitled to sitting fee for Board Meetings and Board Level Committee Meetings attended by him. Shri Goel does not hold any shares in BHEL and he does not have any relationship with other Directors/ Manager/ Key Managerial Personnel of the Company. Shri Goel has attended all the Board meetings (four) held during his tenure in FY 2017-18. By virtue of Section 161 of the Companies Act, 2013 read with Article 67(iv) of the Articles of Association of the Company,

Ranjit Rae

Shri. Ranjit Rae is Independent Director of Bharat Heavy Electricals Ltd. He appointed as an Independent Director on the Board of BHEL w.e.f. 23rd September, 2017. A retired Indian Foreign Service Officer of 1980 batch, Shri Ranjit Rae holds a Master degree in Economics. He has also attended a Course on Strategic Studies at National Defence College, New Delhi. Prior to joining Indian Foreign Service in 1980, Shri Rae had worked as Lecturer in St. Stephen’s College, Delhi University for two years. The area of specialization of Shri Rae is Administration and Management. He has served as ambassador of India to Vietnam & Hungary (also accredited to Bosnia & Herzegovina and Slovenia) and First Secretary Permanent Mission of India, New York (alternate representative on the United Nation Joint Staff Pension Board and member of United Nation Advisory Committee on Administrative and Budgetary Questions). He also acted as Second Secretary/ High Commissioner on High Commission of India, Kampala. He was on deputation to the United Nation Mission in Kosovo and Department of Peace keeping Operations of the United Nations in New York (2000 to 2002). He also served as Head of Northern Division dealing with Nepal and Bhutan (2002 to 2006). He was the Director in External Affairs Ministry (1998 to 2000), Deputy Secretary/ Director in Economic Cooperation Unit (1994 to 1995) and Under Secretary/ Deputy Secretary, United Nation Division/ Foreign Secretary’s Office (1986 to 1991). He has also served as Press Secretary to the President of India. He retired from the position of Ambassador to Nepal, Secretary to Government of India rank. Shri Ranjit Rae’s appointment is upto 11.09.2020 or until further orders whichever event occurs earlier. .

Rajesh Sharma

Shri. Rajesh Sharma is Independent Director of the Company. Shri Rajesh Sharma was inducted as an Independent Director on the Board of BHEL w.e.f. 20th February, 2019. Shri Rajesh Sharma is a Commerce Graduate, a Fellow member of the Institute of Chartered Accountants of India and a qualified Company Secretary. He is a practicing Chartered Accountant, having a rich experience of more than 17 years of audit in many PSU’s, National Cooperatives, Corporation & Banks. He is presently Central Council member of Institute of Chartered Accountants of India. He has held various positions such as Central Council Member of the Institute of Company Secretaries of India (Govt. Nominee) and member of Capital Market & Investor protection Council of ASSOCHAM etc. Shri Sharma is involved in varied social activities such as inculcating skills in downtrodden to make them self-dependent and also running a Drug Rehabilitation Centre. He is a prominent speaker in many seminars, conferences organized in India and abroad. He has also been awarded by reputed organization for exemplary contribution to society. Appointment of Shri Rajesh Sharma is upto 13.02.2022 or until further orders whichever event occurs earlier. As an Independent Director, he is entitled to sitting fee for Board Meetings and Board Level Committee Meetings attended by him. Shri Rajesh Sharma does not hold any shares in BHEL and he does not have any relationship with other Directors/ Manager/ Key Managerial Personnel of the Company. No Board Meetings was held during the tenure of Shri Rajesh Sharma in FY 2018-2019. By virtue of Section 161 of the Companies Act, 2013 read with Article 67(iv) of the Articles of Association of the Company, Shri Rajesh Sharma holds office till the date of ensuing Annual General Meeting and is eligible for appointment. As per requirement of Section 160 of the Companies Act, 2013, the Company has received a Notice in writing, proposing candidature of Shri Sharma for the Office of Independent Director of the Company.

R. Swaminathan

Shri. R. Swaminathan is Independent Director of the Company. He was re-inducted as an Independent Director on the Board of BHEL w.e.f. 1st December, 2018. He was earlier appointed as Independent Director from 18th December, 2015 to 30th November, 2018. He is a retired Indian Foreign Officer (IFS) of the 1980 batch. He was Secretary to the Government of India in the Ministry of External Affairs (MEA) at the time of his retirement. He holds a Bachelor degree (Honours) in Civil Engineering from the Madras University, Masters Diploma in Industrial Engineering from the National Productivity Council (NPC) and a Diploma in Arabic language from the American University in Cairo. As part of his Industrial Engineering Masters, he did a thesis on Turnkey Project Management Information Systems at the BHEL power project in Parli, Maharashtra in 1979. Ambassador Swaminathan has extensive experience in international relations including economic and commercial diplomacy, project management, Development issues including international aid and LoCs, public diplomacy, administration, Atomic Energy, passport and consular services and Arab issues in a long career of 35 years. As Secretary to the Government of India, he was responsible for all the Latin American countries and Canada as well as Consular, Passports and Visas Divisions in MEA. He was also the Director General of Inspections of MEA. Prior to this, he was Ambassador to Austria and Montenegro; Governor of India to the International Atomic Energy Agency (IAEA); Permanent Representative of India to UNIDO, UNODC, Outer Space Organization and other UN Offices in Vienna. He has also served as Indian Ambassador to Egypt and the Arab League, Joint Secretary and Chief Passport Officer of India and Joint Secretary for Projects in MEA. He served in the IAEA Secretariat in Vienna heading the Policy Planning and Coordination Division.