Edition:
India

UltraTech Cement Ltd (ULTC.NS)

ULTC.NS on National Stock Exchange of India

4,077.40INR
15 Nov 2019
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Summary

Name Age Since Current Position

Kumar Birla

52 Non-Executive Chairman of the Board

Atul Daga

2016 Chief Financial Officer, Whole-Time Director

Pramod Rajgaria

President – International Operations

Ramesh Mitragotri

Chief Human Resource Officer

Vivek Agrawal

2019 Group Executive President & Chief Marketing Officer

K. Maheshwari

2016 Managing Director, Executive Director

K. Jhanwar

2018 Deputy Managing Director and Chief Manufacturing Officer, Additional Whole-time Director

Sujeet Jain

Chief Legal Officer

S. Chatterjee

2013 Company Secretary

Rajashree Birla

73 2004 Non-Executive Director

Arun Adhikari

2013 Independent Director

Alka Bharucha

2016 Independent Director

Girish Dave

81 2014 Independent Director

Sukanya Kripalu

2016 Independent Director

S. Mathur

74 2014 Independent Director

Renuka Ramnath

2016 Independent Director

Biographies

Name Description

Kumar Birla

Mr. Kumar Mangalam Birla is Non-Executive Chairman of the Board of Ultratech Cement Limited. He He is a Chartered Accountant and holds an MBA degree from the London Business School. Mr. Birla chairs the Boards of all major Group companies in India and globally - Novelis, Columbian Chemicals, Aditya Birla Minerals, Aditya Birla Chemicals, Thai Carbon Black, Alexandria Carbon Black, DomsjöFabriker and Terrace Bay Pulp Mill. In India, apart from chairing your Company’s Board, he also chairs the Boards of Hindalco Industries Limited, Grasim Industries Limited, Vodafone Idea Limited and Aditya Birla Capital Limited. In the 23 years that he has been at the helm of the Group, he has accelerated growth, built meritocracy and enhanced stakeholder value. In the process he has raised the Group’s turnover from $2 billion in 1995, to $44.3 billion today. He has been the architect of 36 acquisitions by the group in 20 years in India and globally, the highest by an Indian multinational in India. Under his stewardship, the Aditya Birla Group enjoys a position of leadership in all the major sectors in which it operates. Over the years, Mr. Birla has built a highly successful meritocratic organisation, anchored by an extraordinary force of 120,000 employees belonging to 42 different nationalities. Outside the Group, Mr. Birla has held several key positions on various regulatory and professional Boards. He was a Director on the Central Board of Directors of the Reserve Bank of India. He was Chairman of the Advisory Committee constituted by the Ministry of Corporate Affairs and also served on The Prime Minister of India’s Advisory Council on Trade and Industry. As the Chairman of Securities and Exchange Board of India (SEBI) Committee on Corporate Governance, he authored the First Report on Corporate Governance titled ‘‘Report of the Kumar Mangalam Birla Committee on Corporate Governance’’.

Atul Daga

Mr. Atul Daga is Chief Financial Officer, Whole-Time Director of the Company. He is a Chartered Accountant with over 32 years’ experience, of which over twenty-five years have been with the Aditya Birla Group. His ability to penetrate deep into business areas and understanding of the dynamics has been his constant strength. His key responsibilities, include, risk management, audit and compliance, planning, treasury, capital structuring and capital allocation, among others. He has undertaken several initiatives such as creating a robust platform for managing Investor Relations, evaluating M&A opportunities, and setting new benchmarks for raising long term borrowings in the domestic financial markets. Development of financial strategy and monitoring of control systems, internal audit and actively participating in the Company’s growth strategy are also part of his portfolio.

Pramod Rajgaria

Ramesh Mitragotri

Vivek Agrawal

K. Maheshwari

Mr. K. K. Maheshwari is Managing Director, Executive Director of the Company. He is a proven leader with expertise in strategy and finance, a passion for building outstanding teams and a disciplined focus on innovation and excellence in operations. In a distinguished career spanning 4 decades, of which 35 years have been with the Aditya Birla Group, Mr. Maheshwari has held several key leadership roles, including that of steering the Group’s Chemicals, International Trading, Pulp & Fibre, Textiles and Cement business. Mr. Maheshwari is credited with scripting the growth of each of the businesses towards a more competitive and sustainable model and has overseen various greenfield and brownfield expansions as well as strategic acquisitions globally. He also serves as a Director of Aditya Birla Management Corporation Private Limited. Mr. Maheshwari has been in his current assignment as Managing Director of your Company since 2016, where he has overseen phenomenal growth, both organic as well as inorganic, catapulting your Company to the 3rd largest player in the cement industry worldwide, outside of China, with its capacity exceeding 100 MT. Mr. Maheshwari holds a master’s degree in commerce (business administration) and is a Fellow Member of the Institute of Chartered Accountants of India.

K. Jhanwar

Mr. K. C. Jhanwar is Deputy Managing Director and Chief Manufacturing Officer, Additional Whole-time Director of the Company. He is a Chartered Accountant with over 39 years’ experience, of which 38 years’ have been with the Aditya Birla Group. He has held various roles in Finance, Operations and General Management across the Cement and Chemical Business of the Group, including greenfield and brownfield projects.

Sujeet Jain

S. Chatterjee

Rajashree Birla

Mrs. Rajashree Birla is Non-Executive Director of Ultratech Cement Limited. She is a Director on the Board of all major Aditya Birla Group companies. She also serves as the Chairperson of The Aditya Birla Centre for Community Initiatives and Rural Development at Aditya Birla Management Corporation Ltd.

Arun Adhikari

Mr. Arun Adhikari is Independent Director of UltraTech Cement Limited. He is an alumni of the Indian Institute of Technology, Kanpur and the Indian Institute of Management, Calcutta. He joined Hindustan Lever Limited as a Management Trainee in 1977 and worked with the Unilever Group in India, UK, Japan and Singapore. His areas of responsibility included, sales and marketing, culminating in general management and leadership roles. Mr. Adhikari retired from Unilever in January, 2014 following which he was a Senior Advisor with McKinsey and Company for four years. He is now an Independent Director on the Boards of Vodafone Idea Limited, Aditya Birla Capital Limited and Voltas Limited.

Alka Bharucha

Ms. Alka Bharucha is Independent Director of the Company. She is a Master in Law from the University of Bombay and University of London and Solicitor High Court Mumbai and Supreme Court of England & Wales. She began her career with Mulla & Mulla & Craigie Blunt & Caroe, and joined Amarchand & Mangaldas as partner in 1992. In 2008, she co-founded Bharucha & Partners which, since inception, has been ranked by RSG Consulting, London among the top fifteen firms in India. Mrs. Bharucha has been ranked by Chambers Global, Legal 500 and Who’s Who Legal amongst India’s leading lawyers. She chairs the transactions practice at Bharucha & Partners. Her core areas of expertise are mergers and acquisitions, joint ventures, private equity, banking and finance.

Girish Dave

Shri. Girish M. Dave is Independent Director of Ultratech Cement Limited. He holds a Masters Degree in Commerce and a Bachelor’s Degree in Law. He is a partner of Dave & Girish & Co., Advocates, a well-known firm of lawyers in Mumbai. He is also on the Board of other companies.

Sukanya Kripalu

Mrs. Sukanya Kripalu is Independent Director of the Company. She is a graduate from St. Xavier’s College and the Indian Institute of Management, Calcutta. She is a consultant in the fields of marketing, strategy, advertising and market research. Her experience includes working with leading corporates like Nestle India Limited, Cadbury India Limited and Kellogg’s India. She was also the CEO of Quadra Advisory a WPP Group Company. She is presently on the Boards of various companies viz. Huhtamaki PPL Limited, Aditya Birla Fashion and Retail Limited, Aditya Birla Health Insurance Company Limited, Entertainment Network (India) Limited and Colgate Palmolive (India) Limited.

S. Mathur

Mr. S. B. Mathur is Independent Director of Ultratech Cement Limited. He is a Chartered Accountant who has served as the Chairman of the Life Insurance Corporation of India (LIC) from August, 2002 to October, 2004. He is on the board of various companies. He also holds Trusteeships, Advisory/Administrative Roles on Government Bodies, Authorities and Corporations.

Renuka Ramnath

Mrs. Renuka Ramnath is Independent Director of the Company. She has over the course of three decades in financial services, successfully built several businesses. In 2009, she founded Multiples, a dedicated India focused private equity fund with an AUM of close to USD 1 billion. The young independent platform of Multiples has had stellar success under her leadership and has supported transformational journeys of young companies and new-age professional entrepreneurs across various sectors and situations to build a successful track record for Multiples. Mrs. Ramnath started her career with the ICICI Group including stints in investment banking and e-commerce; she led ICICI Venture as the MD & CEO of ICICI Venture, to become one of the largest private equity funds in India, scaling the proprietary platform from USD 50 mn to USD 2.5 bn under her management in 8 years. In the Indian PE market, she has pioneered first-to-market transactions like leveraged buyouts and management buyouts as well as incubated several companies. Mrs. Ramnath thrives on the challenges that markets and competition throw in the business, consistently finding ways to succeed by deploying the full human potential to deliver extraordinary returns.

Basic Compensation

Name Fiscal Year Total

Kumar Birla

155,700,000

Atul Daga

30,500,000

Pramod Rajgaria

--

Ramesh Mitragotri

--

Vivek Agrawal

--

K. Maheshwari

125,000,000

K. Jhanwar

18,400,000

Sujeet Jain

--

S. Chatterjee

11,400,000

Rajashree Birla

13,300,000

Arun Adhikari

2,100,000

Alka Bharucha

2,200,000

Girish Dave

3,000,000

Sukanya Kripalu

1,900,000

S. Mathur

3,300,000

Renuka Ramnath

400,000
As Of  31 Mar 2018