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India

DLF Ltd (DLF.BO)

DLF.BO on Bombay Stock Exchange

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Summary

Name Age Since Current Position

Kushal Singh

88 2018 Chairman of the Board, Whole-time Director

Mohit Gujral

2015 Chief Executive Officer, Whole-time Director

Rajeev Talwar

2015 Chief Executive Officer, Whole-time Director

Rajiv Singh

60 1999 Executive Vice Chairman of the Board

Ashok Tyagi

55 2019 Group Chief Financial Officer, Whole Time Director

Subhash Setia

Compliance Officer, Company Secretary

Devinder Singh

54 2017 Whole Time Director

Kashi Memani

80 2015 Lead Non-Executive Independent Director

Pia Singh

48 2015 Non-Executive Director

G. Talwar

71 2006 Non-Independent Non-Executive Director

Vivek Mehra

2018 Additional Independent Director

Priya Pau

2019 Independent Woman Director

Pramod Bhasin

65 2013 Non-Executive Independent Director

Ved Jain

2014 Non-Executive Independent Director

Dharam Kapur

91 2006 Non-Executive Independent Director

Rajiv Luthra

2013 Non-Executive Independent Director

Amarjit Minocha

77 2015 Non-Executive Independent Director

Aditya Singh

2014 Non-Executive Independent Director

Biographies

Name Description

Kushal Singh

Dr. Kushal Pal Singh is a Chairman of the Board, Whole-time Director of DLF Ltd. Dr. Singh graduated in Science from Meerut University and pursued Aeronautical Engineering in England. He was selected to join the Indian Army by the British Officers Services Selection Board, UK; he underwent training as a cadet at IMA Dehradun and served in The Deccan Horse cavalry regiment. In 1960, he joined American Universal Electric Company and took over as the Managing Director after its merger with DLF Universal Limited (now DLF Limited). As Chairman of DLF, he is widely credited for spearheading a transformation of the Indian real estate sector and is best known for developing the Gurgaon (renamed Gurugram), satellite city project in Haryana and catalytic role in making India the global hub for business process outsourcing. Dr. Singh held several important business, financial and diplomatic positions, including Member of the International Advisory Board of Directors of General Electric; Member, Central Board of the Reserve Bank of India. He was President, ASSOCHAM, in 1999 and earlier President of the PHD Chamber of Commerce and Industry.

Mohit Gujral

Mr. Mohit Gujral is Chief Executive Officer, Whole-time Director of DLF Ltd. His career spans over three decades as an entrepreneur and business leader with a diverse experience in incubating and growing businesses in addition to designing buildings across the residential, commercial and retail segments. After having attained his degree in architecture from C.E.P.T., Ahmedabad, he went on to become the Principal Architect and Chief Designer at ‘Designplus Architecture’, a leading architectural design firm. Subsequently, he expanded his role by setting-up “Delanco Real Estate”, a full-fledged real estate company in association with DLF. Mr. Gujral has to his credit a number of architectural accomplishments. These range from the design of luxury malls like DLF Emporio and DLF Promenade to luxury holiday homes like Samavana, Kasauli and Samatara, Shimla. Other marquee developments comprise CMC and Genpact’s buildings in Hyderabad and Cyber Greens at Gurgaon (now Gurugram).

Rajeev Talwar

Mr. Rajeev Talwar is Chief Executive Officer, Whole-time Director of DLF Ltd. Mr. Talwar is an alumnus of St. Stephen’s College, University of Delhi, started his career as a Probationary Officer in State Bank of India and was selected for the Indian Administrative Service (IAS) in 1978. He held a number of important positions in the Central, State Governments and Union Territories. He possesses a rich experience of policy-making in crucial economic sectors in addition to management of a number of public sector enterprises and statutory bodies in the transport, tourism and infrastructure sectors. He was on the Board of Delhi Tourism and Transport Development Corporation, Delhi Transport Corporation, Delhi Metro Rail Corporation and Indraprastha Gas Limited. As a Government officer, he is credited with a number of achievements. He was among the pioneers in the formulation, implementation and promotion of India’s tourism policy, including their marketing in India and overseas; he was instrumental in the preparation and implementation of Delhi’s environment and tourism policies. Mr. Talwar was instrumental for shifting all commercial vehicles in Delhi to CNG and associated for unprecedented increase in India’s port capacities mainly through private sector investment. He is President of PHD Chamber of Commerce and Industry and Director on the Board of several other companies.

Rajiv Singh

Mr. Rajiv Singh is a Executive Vice Chairman of the Board of DLF Ltd. He is a graduate from the Massachusetts Institute of Technology, U.S.A., and holds a degree in Mechanical Engineering. Mr. Singh possesses more than three decades of professional experience. Mr. Singh spearheads the Company’s strategic implementation; he provides oversight and guidance in corporate structuring in relation to major investments and allied matters.

Ashok Tyagi

Mr. Ashok Kumar Tyagi is Group Chief Financial Officer, Whole Time Director of the Company, effective January 2019. Mr. Tyagi is a an alumnus of IIT, Roorkee and IIM, Ahmedabad, possesses a rich experience of over three decades in various capacities. Before joining DLF, he worked with Genpact, General Electric and IFFCO. Mr. Tyagi spearheads the functions of Finance, Accounts, Taxation, Corporate Affairs, Corporate Legal, Internal Audit and Information Technology.

Subhash Setia

Devinder Singh

Mr. Devinder Singh is Whole Time Director of the Company. Mr. Singh is B.E. (Civil) from Punjab Engineering College, Chandigarh and PGDM from MDI, Gurgaon. He possesses a rich experience in various capacities of a career of more than three decades. Mr. Singh is Managing Director (Gurugram) and responsible for the overall business for Gurgaon Devco including projects, land & revenue management, statutory approvals & compliances, legal and regulatory matters, estate management and sales, marketing, customer relationship management and building management for New Gurgaon. He is also Managing Director of DLF Home Developers Limited, a wholly-owned subsidiary.

Kashi Memani

Mr. Kashi Nath Memani is Lead Non-Executive Independent Director of the Company. He is a Fellow Member of the Institute of Chartered Accountants of India and a former Chairman and Country Managing Partner of Ernst & Young, India. He was also Member of the Ernst & Young Global Council. He was conferred Doctor of Literature (D.Litt) for his contribution to the field of Corporate Governance and Finance by Apeejay Stya University. He specializes in business and corporate advisory, foreign taxation, financial consultancy etc. and is a consultant on corporate matters of several domestic and foreign companies. Dr. Memani headed Quality Review Board, an oversight Board to review the quality of auditors set-up by the Government of India. He was associated with the National Advisory Committee on Accounting Standards (NACAS) and an Expert Committee for amendments to the Companies Act, 1956 constituted by the Government of India. He was also member of the External Audit Committee of International Monetary Fund (IMF) for 2 years.

Pia Singh

Ms. Pia Singh is a Non Executive Director of the company. Ms. Pia Singh is a graduate from Wharton School of Business, University of Pennsylvania, U.S.A., with a degree in Finance. Having over two decades of experience, Ms. Singh has been a Director on the Board for 16 years. Prior to that, she served in the risk-undertaking department of GE Capital, an investment division of General Electric.

G. Talwar

Mr. G. S. Talwar is Non-Independent Non-Executive Director of the company. He is the founding Chairman and Managing Partner of Sabre Capital Worldwide, a private equity and investment company focused on financial services. He commenced his career with Citibank in India. He was subsequently responsible for building and leading Citibank’s retail businesses across all the countries in Asia-Pacific and the Middle East and subsequently for managing Citibank’s businesses in Europe and North America. He was appointed Executive Vice President of Citibank and Citigroup. He left Citigroup to join Standard Chartered Plc, where he was appointed Global Chief Executive. He was the first Asian appointed as Global Chief Executive of a FTSE 15 company and of a major international bank.

Vivek Mehra

Mr. Vivek Mehra is a Additional Independent Director of the Company. He is a Fellow Member of the Institute of Chartered Accountants of India, possesses about four decades of experience in the tax, regulatory, M&A tax structuring and consulting spaces. He has set-up and headed PwC India’s Regulatory practice. He also headed PwC India’s M&A Tax practice and was elected member of the PwC Governing Board for two consecutive terms since 2007. He was also Member of PwC India’s Tax Leadership Team. Before joining PwC, he was Managing Partner in P.R. Mehra & Co., Chartered Accountants, New Delhi. Mr. Mehra has been instrumental in helping several significant policy initiatives with regulatory authorities like Foreign Investment Promotion Board, Reserve Bank of India, SEBI, tax authorities and various Central Government Ministries. He is on the Board of Jubilant Life Sciences Limited, HT Media Limited, Bharat Hotels Limited, Chambal Fertilisers & Chemicals Limited and other companies.

Priya Pau

Ms. Priya Pau is Independent Director of the Company. She is an Economics graduate from Wellesley College, USA, attended Harvard Business School and INSEAD. Ms. Paul possesses around three decades of a rich experience in hospitality and multifarious management functions to her credit. She started her career at 21 as the Marketing Manager of The Park, New Delhi, and presently holds the position of Chairperson of the Apeejay Surrendra Park Hotels, Limited. Ms. Paul is a member of the Young President’s Organization (YPO), Business Leadership Council of Wellesley College (BLC), Advisory Board of Harvard Business School - South Asia Advisory Board, Member of the Advisory Board of Directors, Indian Institute of Management, Lucknow, Founder Member of the World Travel and Tourism Council – Indian Initiative Trustee, the Board Member of Women’s Fund Asia (WFA), Breakthrough and South Asia Women Foundation, India (SAWF-IN). She was conferred the Padma Shri in 2012 for her contribution to trade and industry by the Hon’ble President of India. She was conferred with awards like Insignia of Chevalier de l’Ordre National du Merite (National Order of Merit) by President of France, ‘Aatithya Ratna Award’ by Hotel Investment Forum India, ‘Hall of Fame 2011’ by Hotelier India and recognized by Fortune magazine as one of India’s 50 most powerful business women.

Pramod Bhasin

Mr. Pramod Bhasin is Non-Executive Independent Director of DLF Ltd. Mr. Pramod Bhasin is a Chartered Accountant from England & Wales, founded Genpact (formerly GE Capital International Services) in 1997. He was the President and CEO of Genpact till June 2011. He is considered as the founder and pioneer of the business process management industry in India. Under his leadership, Genpact pioneered the Business Process Management industry in India. Prior to Genpact, his career with GE spanned 25 years across the US, UK and Asia. He was CEO of GE Capital in India & Asia and prior to that worked with GE Capital in Stamford, CT in the Leveraged Buy Out group. In September 2016, his partners and he acquired the businesses of GE Capital - India, now known as Clix Capital. He is the Chairman of Clix Capital, a broad-based NBFC, focused on providing digital platforms and financial services to commercial companies and consumers across India.

Ved Jain

Mr. Ved Kumar Jain serves as Non-Executive Independent Director of the Company. Mr. Jain is a Fellow Member of the Institute of Chartered Accountants of India (‘ICAI’) and holds three Bachelor degrees in law, science and economics. Mr. Jain was President of ICAI. He was also on the Board of International Federation of Accountants (IFAC) during 2008-11, a global organization for the accountancy profession comprising 167 members and associates in 127 countries. Mr. Jain was also on the Board of Governors of the Indian Institute of Corporate Affairs of the Ministry of Corporate Affairs, Government of India. He held the position of ‘Member of Income Tax Appellate Tribunal’ in the rank of Additional Secretary, Government of India. Following the Satyam episode, the Government of India appointed him on the Board of two Satyam-related companies, which he successfully revived. He has more than three decades of experience in advising corporates on finance and taxation matters. Mr. Jain specializes in Direct Taxes and has handled complicated tax matters, appeals and tax planning of big corporates. A prolific writer, Mr. Jain authored books on direct taxes and is a regular contributor of articles on tax matters to professional journals and newspapers. Mr. Jain is Chairman of Multi Commodity Exchange Clearing Corporation Limited. He is also on the Board of Himachal Futuristic Communications Limited and Inventia Healthcare Limited.

Dharam Kapur

Dr. Dharam Vir Kapur is Non-Executive Independent Director of DLF Ltd. He was an Electrical Engineer in the Hirakud Dam project, Punjab State Electricity Board and Indian Railways, he served with distinction in various positions in Bharat Heavy Electricals Limited. The most remarkable achievement of his career was the establishment of the fast-growing systems-oriented National Thermal Power Corporation (NTPC) as the founder Chairman-cum-Managing Director (CMD). He was described as a ‘Model Manager’ by the Board of Executive Directors of the World Bank. Dr. Kapur authored “The Bloom in the Desert - The Making of NTPC”, the phenomenal success story which was the result of the processes and work culture implemented by Team NTPC under his leadership. As a technocrat, Dr. Kapur possessed the rare distinction of holding a diplomatic assignment as First Secretary/ Counsellor in the Indian Embassy in Moscow to coordinate economic relations and wide-ranging industrial collaborations between Soviet enterprises and public sector enterprises in India.

Rajiv Luthra

Mr. Rajiv Krishan Luthra is Non-Executive Independent Director of DLF Ltd. He is the Founder & Managing Partner L&L Partners (formerly Luthra & Luthra Law Offices), one of the largest law firms in India. He possesses more than three decades of experience in advising clients on a range of commercial transactions, including infrastructure projects in India, Sri Lanka, Bangladesh, People’s Republic of China, Nepal and Nigeria. He successfully handled various disinvestment, privatization and restructuring assignments, working on some of the largest mergers in Indian corporate history. He has to his credit a number of publications in national and international professional journals and magazines. Mr. Luthra serves on numerous committees and advisory bodies. He also serves on the Board of Network18 Media & Investments Limited, TV18 Broadcast Limited, Mylan Laboratories Limited, VLCC Health Care Limited and other companies.

Amarjit Minocha

Mr. Amarjit Singh Minocha is a Non-Executive Independent Director of the Company. He is an MBA from Faculty of Management Studies, University of Delhi, Fellow Member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India, possesses more than five decades of senior management experience in various capacities in India and abroad - in the public sector and private sector organizations like Indian Oil Corporation, Tata Motors Limited, Maruti Udyog Limited and GHCL Limited.

Aditya Singh

Lt. Gen. Aditya Singh is Non-Executive Independent Director of the Company. He retired from the Indian Army after serving for over 40 years across India and abroad. Possessing wide practical experience, he was appointed Commander-in-Chief of the Andaman and Nicobar Command in 2005 and charged with the complete responsibility for the relief and rehabilitation of the islands ravaged by the tsunami of December 2004. Later, he served as GOC-in-C, Southern Command, the largest and senior-most Command of the Indian Army. Following retirement, he was appointed as member of the National Security Advisory Board from 2008 to 2010. He was also advisor to JCB India from 2008 to 2013. Thereafter, he was National Security Advisor to the Delhi Policy Group till August 2018. A recipient of three of the highest awards for distinguished service from the President of India, he was also honoured as his Aide-de-Camp. He is on the Board of DLF Home Developers Limited, DLF Cyber City Developers Limited and other companies.

Basic Compensation

Name Fiscal Year Total

Kushal Singh

58,624,000

Mohit Gujral

154,310,000

Rajeev Talwar

83,526,000

Rajiv Singh

54,266,000

Ashok Tyagi

112,815,000

Subhash Setia

8,600,000

Devinder Singh

86,901,000

Kashi Memani

4,050,000

Pia Singh

3,800,000

G. Talwar

3,700,000

Vivek Mehra

4,300,000

Priya Pau

--

Pramod Bhasin

4,100,000

Ved Jain

5,400,000

Dharam Kapur

4,600,000

Rajiv Luthra

3,800,000

Amarjit Minocha

4,950,000

Aditya Singh

4,300,000
As Of  31 Mar 2019