- Company
- Board of Directors
Board Of Directors
Mr. Arun Alagappan
Executive Chairman
Mr. Arun Alagappan is the Executive Chairman of the Company. He has done his Graduation in Commerce from the University of Madras and completed the ‘Owner President/Management Program’ from Harvard Business School at Boston, USA.
Mr. Alagappan started his career with GE Capital Services India in 1997. After a twoyear stint with GE, he joined the Murugappa Group in 1999 in Parryware, part of E.I.D Parry (India) Limited. Between 2005 to 2017, he served in Tube Investments of India Limited heading various divisions and functions before eventually becoming the President & Business Head of TI Cycles. In August 2017 Mr. Alagappan was appointed as Executive Director of Cholamandalam Investment and Finance Company Limited and subsequently as the Managing Director in November 2019. He held this position until February 14, 2021, prior to joining Coromandel International Limited. He holds directorship in various other companies such as Lakshmi Machine Works Limited and Thirumalai Chemicals Limited.
Mr. Alagappan is acknowledged as a thought leader in the Bicycle Industry and the NBFC Industry.
Mr. Natarajan Srinivasan
Mr. Natarajan Srinivasan is the Executive Vice Chairman of Coromandel International Limited. A commerce graduate, he is also a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
Mr. Natrajan Srinivasan began his career of over 35 years with BHEL and joined the Murugappa Group in 2004. He held several senior positions across the Group, including Director – Murugappa Corporate Board, Group Finance Director, Lead Director – Financial Services Business (NBFC and General Insurance), Executive Vice Chairman and MD of Cholamandalam Investments and Finance Company Ltd., and MD & CEO of CG Power and Industrial Solutions Ltd.
He also served on the boards of Tube Investments of India Ltd., Cholamandalam MS General Insurance Ltd., and TI Financial Holdings Ltd. In 2018, the Government of India appointed him as an Independent Director to the Board of ILFS to help resolve its financial crisis. In 2020, he was appointed MD & CEO of CG Power and played a pivotal role in its successful turnaround post-acquisition by the Murugappa Group.
Recognizing his leadership, the Asian Society for Leadership and Corporate Governance honoured him with the Transformative Leader of the Year award in 2024. Following his retirement from CG Power in July 2024, Mr. Srinivasan continues to contribute to the business world as a board member of CG Semi Private Limited, Godrej Agrovet Ltd., and DAM Capital Advisors Ltd.
Mr. Sankarasubramanian S
Managing Director & CEO
Mr. Sankarasubramanian S is the Managing Director & CEO of the Company. He is a Graduate in Mathematics from University of Madras and is a member of The Institute of Cost and Management Accountants of India. He has done his Advanced Management Program (AMP) at Harvard Business School in the year 2009.
He has been with the Murugappa Group since 1993 and has close to 30 years of experience in Finance, Operations and General Management. He started his career with E.I.D Parry (India) Limited in Corporate Finance and held various positions in Finance before moving to Coromandel International Limited in 2003. He became Chief Financial Officer (CFO) of Coromandel in the year 2011. After serving over 5 years as CFO he moved to head the Fertiliser Business of Coromandel in the year 2017 and is currently heading the Fertilisers and Specialty Nutrients business segments.
Mr. Sankarasubramanian has vast experience in Business Strategy, General Management, M&A and driving Policy Interventions especially for the Fertiliser Sector. He is currently on the boards of Fertiliser Association of India,Tunisian Indian Fertilizer S.A.,Tunisia , Foskor (Pty) Ltd. South Africa and some of the subsidiaries of the company.
Dr. Raghuram Devarakonda
Executive Director
Dr. Raghuram Devarakonda has a Ph.D. in Mechanical Engineering from University of California at Berkeley.
He did his post-doctoral research fellowship at University of Vienna and has a B.Tech. from Indian Institute of Technology, Mumbai. He has over 28 years’ experience in Indian industry and business consulting. Dr. Devarakonda started his career as a management consultant with Accenture, Mumbai.
He also worked for the Murugappa Group as Head Corporate Strategy and Planning Department and was the Business Head of Tl cycles for about 6 years. Later, in his second stint with Accenture, he was Managing Director (Partner) Advanced Customer Strategy. He also served as Chief Operating Officer at Ramco Cements.
Mr. Arunachalam Vellayan
Mr. Arunachalam Vellayan joined EID Parry (India) Ltd in April 2008 as Assistant General Manager and was involved in creating a distribution network for sales of retail sugar. He then moved to Cholamandalam Investment and Finance as Assistant Vice President and was involved in creating and building a portfolio of home equity loans within the company. In April 2013, he had moved to Cholamandalam MS General Insurance as Dy. Chief Investment Officer. In October 2020, he had moved to Coromandel International Ltd as Head-Corporate Strategy and Planning. Prior to joining the Murugappa Group, Mr. Arunachalam Vellayan had worked in DBS Asset Management, Singapore. He was responsible for analysing companies and sectors for inclusion in their Asia equity funds. He had also worked with Karma Capital Advisors, Mumbai. Mr. Arunachalam Vellayan has done his Bachelors in Commerce from Loyola College and an MSc in Accounting and Finance from Lancaster University, UK specializing in financial analysis and equity valuation. He currently serves on the Board of New Ambadi Estates Private Ltd and Parry Murray & Company Ltd, UK.
Mr. Narayanan Vellayan
Mr. Suresh Subramanian
Independent Director
Mr. Suresh Subramanian is a Fellow Member of the Institute of Chartered Accountants of India and is a Bachelor of Commerce graduate from Shriram College of Commerce, University of Delhi.
Mr. Suresh Subramanian has over the past 40 years, gained wide experience in auditing and accounting profession having worked with many of the big four accounting firms in India. During his career, he was the lead audit partner on various clients (both Indian as well as multinational corporations). He is experienced in carrying out audits under various GAAPs and has also performed various audit related services.
He has strong understanding and knowledge of accounting requirements and complexities across several industry segments having led or been involved in audit and other engagements of national and multinational corporations.
Mr. Aditya Himatsingka
Independent Director
Mr. Aditya Himatsingka, aged about 59 years, holds Bachelor Degree in Commerce, and Post Graduate Diploma in Textile Technology, Philadelphia College of Textiles, USA. He also completed Owners / President Management Programme from Harvard Business School, USA.
Mr. Himatsingka is a business leader with an illustrious and distinguished career spanning over 35 years in the Indian and global textiles space.
Mr. Himatsingka has been a Director at Everfast Inc., USA since 2017.
He is also on the Board of Lakshmi Machine Works Ltd., managing partner at Satin and Reed LLP, Seiden House LLP, and a Director in An Vivaar LLC. USA.
As part of the promoter family at Himatsingka Group, Mr. Himatsingka held the position of Executive Director at Himatsingka Seide Limited during 1994 – 2017.
Mr. Adnan Wajhat Ahmad
Independent Director
Mr. Adnan Wajhat Ahmad, aged 62 years is a Chemical Engineer with 4 decades of industry experience in leading companies such as BP and ICI, and Clariant. Mr. Ahmad started his career at ICI India, after completing his Masters in Chemical Engineering from Queens University, Canada. In a career spanning 19 years with ICI he worked in their explosives, specialty chemicals and paints businesses in a variety of manufacturing, supply chain and business roles across India. In 2004 he moved to BP Castrol as Executive Director on the Board of Castrol India Limited. In 2008 he moved to Singapore as Regional Supply Chain Director Asia Pacific and in 2010 he relocated to the UK as Regional Supply Chain Director for Europe & Africa. Mr. Ahmad joined Clariant Chemicals (India) Limited in 2017 as Vice Chairman and Managing Director. Adnan was appointed Adjunct Professor, Dept of Specialty Chemicals, Institute of Chemical Technology, Mumbai in 2022.
Mr. Ahmad was a Member of the Confederation of Indian Industry’s (CII) National Committee on Chemicals & Petrochemicals as well as the Committee on Multi- National Corporations. He was also the Chairman of the Sub-Committee on Biocides for CII’s C&PC committee. Mr. Ahmad was also a Member of the Executive Committee at the Indian Chemical Council (ICC) from 2017 till 2021.
Mr. Sudarshan Venu
Independent Director
Mr. Sudarshan Venu holds a Graduate Degree with Honors in the Jerome Fisher Program in Management and Technology from the University of Pennsylvania, USA. He holds B.S. in Mechanical Engineering from the School of Engineering and Applied Sciences and B.S. in Economics from the Wharton School. He has also completed M.Sc. in International Technology Management from the Warwick Manufacturing Group attached to University of Warwick in U.K.
Mr. Sudarshan Venu is currently Managing Director of TVS Motor Company Limited and Non-executive Director in Sundaram-Clayton Ltd, and TVS Credit Services Ltd. With Mr. Sudarshan’s active intervention, TVS Motor has already seen a turnaround in its Market Share and has been the Most Awarded Two – Wheeler Company. It is a testimony to Mr. Sudarshan’s focus, that TVS Motor has been voted No. 1 in Customer Satisfaction for four years in a row by the prestigious J. D. Power Awards. He also has been instrumental in setting up and in the success of Emerald Haven Realty Ltd, TVS Credit Services – a non-deposit Non-Banking Finance Company and TVS Digital, a subsidiary of TVSM incorporated in Singapore, focused on providing technology solutions for digital transformation. He is also a Director of Swiss E-Mobility Group (Holding) AG, Switzerland, dealing with branded e-bikes.
Dr. Deepali Pant Joshi
Dr. Deepali Pant Joshi is a former executive director of the Reserve Bank of India. She is a thought leader, a public policy professional a development economist, policy analyst and a writer on economic subjects. At RBI her responsibilities included heading the Department of Currency Management, Legal Department Financial inclusion department Customer Protection and Education Department.
She was the First Appellate authority under the Right to Information Act, as well as the RBI nominee on the governing council of the Institute of Banking Personnel Selection (IBPS) and director on the Board of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) part of the Board for Financial Supervision at the RBI and the Board for Financial Supervision of RRBS and Co-operatives at NABARD.
She has six exclaimed books (on economic subjects) and a host of papers to her credit. Her core competencies besides Banking Supervision and Foreign Exchange, includes the Payments System, Currency Management. She was Banking Ombudsman for the State of Undivided Andhra Pradesh, Regional Director RBI Office, Rajasthan. She holds Law and Management Degree and is a fellow of the Harvard University Asia Centre where as a Fellow of the Harvard University she pursued post doctoral research in Economics and Finance.
Mr. Durgashankar Subramanian
Mr. Durgashankar Subramanian, a Chartered Accountant and an Alumni of Harvard Business School (Advanced Management Program), is currently the Chairman of Mahindra Integrated Business Solutions Pvt. Ltd. (MIBS) part of the ~USD 20 bn Mahindra Group. Post superannuating from Mahindra & Mahindra Limited (M&M), in addition to his role at MIBS, he is also currently overseeing the financial function of Aerospace & Defense businesses of M&M Group as Sector Chief Financial Officer. Has overall work experience of over 40 years as a senior finance professional and has handled a wide spectrum of roles including as CFO, Group Controller and as Head of M&A, Financial Planning & Analysis, Corporate Accounts, Corporate Finance, Investor Relations & Secretarial functions. He was the recipient of CFO 100 Awards in 2010, 2013 and 2014, from CFO India forum for his contribution to Corporate Finance in the area of M&A. He was also the recipient of CFO India League of Excellence Award in March 2015 and was inducted into the CFO India’s CFO Hall of Fame in 2023.
