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ACC Ltd (ACC.NS)

ACC.NS on National Stock Exchange of India

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19 Oct 2018
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Summary

Name Age Since Current Position

Narotam Sekhsaria

68 2006 Non-Executive Non-Independent Chairman of the Board

Neeraj Akhoury

49 2017 Chief Executive Officer, Managing Director, Non-Independent Director

Jan Jenisch

52 2017 Additional Non-Executive Non Independent Deputy Chairman of the Board

Sunil Nayak

2009 Chief Financial Officer

Philip Mathew

2016 Chief Manufacturing Officer

Procyon Mukherjee

2017 Chief Procurement Officer

Behram Sherdiwala

2015 Chief People Officer

Ramaswami Kalidas

2017 Head - Compliance, Company Secretary

Christof Haessig

60 2015 Non-Executive Non-Independent Director

Martin Kriegner

57 2016 Non-Executive Non-Independent Director

Vijay Sharma

59 2014 Non-Executive Non-Independent Director

Ashwin Dani

75 2011 Non-Executive Independent Director

Arunkumar Gandhi

75 2014 Non-Executive Independent Director

Shailesh Haribhakti

62 2006 Non-Executive Independent Director

Farrokh Kavarana

2013 Non-Executive Independent Director

Falguni Nayar

55 2014 Non-Executive Independent Director

Sushil Roongta

68 2011 Non-Executive Independent Director

Sujatha Chitre

2017 Deputy General Manager - Share Department

Biographies

Name Description

Narotam Sekhsaria

Mr. Narotam S. Sekhsaria serves as Non-Executive Non-Independent Chairman of the Board of ACC Ltd. Mr Sekhsaria is a doyen of the Indian Cement Industry and one of the most respected business personalities in India. He introduced new standards in management, marketing, efficiency and corporate social responsibility to an industry he helped transform. A first generation industrialist, Mr Sekhsaria obtained his Bachelor Degree in Chemical Engineering with honours and distinction from the University of Bombay. He is the Principal Founder-Promoter and current Chairman of Ambuja Cements Limited. Mr Sekhsaria was invited to join the ACC Board in 1999 and was appointed Deputy Chairman in January, 2000. In 2006, Mr Sekhsaria took over as Chairman of the Board. Mr Sekhsaria built Ambuja Cements Limited into a benchmark for Indian Cement Industry. His acumen as an entrepreneur and technocrat turned that Company into the most efficient and profitable cement company in India and redefined industry practices by changing the perception of cement from a commodity to a branded product. Mr Sekhsaria championed community development by establishing the Ambuja Cement Foundation and guiding it into a model of excellence in social responsibility. With his considerable wealth of experience, Mr Sekhsaria brings immense value to the Board of ACC. Under his leadership, ACC has achieved significant improvements in the areas of project management, logistics and overall cost-competitiveness. The impact of this guidance is visible in the high growth trajectory ACC has experienced since 1999.

Neeraj Akhoury

Mr. Neeraj Akhoury serves as Chief Executive Officer, Managing Director, Non-Independent Director of the Company. Mr Akhoury took charge as Managing Director and CEO of ACC Limited on February 4, 2017. Mr Akhoury brings with him over 2 decades of rich experience in the steel and cement industries with expertise on sales & distribution, marketing & supply chain, operations management & corporate strategy. He began his career with Tata Steel in 1993 and joined the LafargeHolcim Group in 1999. He was a member of the Executive Committee of Lafarge India, heading Corporate Affairs, followed by Sales in 2011, he moved to Nigeria as CEO & Managing Director of Lafarge AshakaCem PLC. Thereafter, he was appointed Strategy & Business Development Director for Middle East & Africa at the Lafarge headquarters in Paris. He has also served as CEO of Lafarge Surma Cement Limited and Country representative of LafargeHolcim Bangladesh. Mr Akhoury has a degree with Economics from Allahabad University, followed by one year management program from XLRI, India. He is an alumnus of Harvard Business School (General Management).

Jan Jenisch

Mr. Jan Jenisch serves as Additional Non-Executive Non Independent Deputy Chairman of the Board of the Company. Mr Jenisch is a German National and has joined LafargeHolcim Ltd. as Chief Executive Officer on September 1, 2017. Prior to his joining LafargeHolcim, Mr Jenisch has served with Sika AG since 1996 in various management functions and countries. He was appointed to the Management Board of Sika in 2004 as Head of the Industry Division and served as President Asia Pacific from 2007 to 2012. Mr Jenisch was the Chief Executive Officer of Sika AG from 2012. Under his leadership, Sika expanded into new markets and set new standards of performance in sales and profitability. Mr Jenisch graduated from the University of Fribourg, Switzerland and holds an MBA degree.

Sunil Nayak

Mr. Sunil K. Nayak serves as Chief Financial Officer of ACC Limited. He is responsible for Corporate Finance & Treasury, Business Controlling, Tax, Investors Relations and Business Risk Management. He has over 33 years experience in both strategic and operational aspects of management. Prior to joining ACC, Sunil worked with the Clariant Group, a Swiss speciality chemicals company, for 15 years in various capacities including general management. He has also worked in leadership positions with Smithkline Beecham Pharmaceuticals, Abbott & Corn Products. Sunil is (1) Fellow of Institute of Chartered Accountants of India; (2) An Associate of the Institute of Cost and Works Accountants of India; (3) Fellow of the Institute of Company Secretaries and (4) a Law Graduate. He attended an Global Advanced Management Program from ISB/ Kellogg, Chicago, USA, in 2004 and also Turnaround Management from Harvard Business School in 2009. In 2013, Sunil was awarded 'The Best CFO in India' by the Institute of Chartered Accountants of India. Sunil is a member of the CFO National Leadership Committee of CII.

Philip Mathew

Mr. Philip Mathew serves as Chief Manufacturing Officer of the Company. He is Chief Manufacturing Officer at ACC, with more than 30 years of rich and diverse experience in the cement industry in India and overseas. A Chemical Engineer from IIT Madras, he began his career with ACC where he worked for ten years in its Jamul and Gagal cement plants and later in the Process Division of the erstwhile Research & Consultancy Division at Thane. He left ACC to join Lafarge SA where he spent the next 20 years in overseas assignments in countries such as France, India, Philippines and China in a variety of roles including leading technical centres, country industrial teams and cement plants. His last position was as Director – Performance and Progress based in Kuala Lumpur, Malaysia where he oversaw the performance of the group’s cement plants in Asia.

Procyon Mukherjee

Behram Sherdiwala

Mr. Behram Sherdiwala serves as Chief People Officer of ACC Limited. He heads the Human Resources function at ACC as its Chief People Officer, overseeing the HR matters of Cement and Concrete Business. He joined ACC in 1984, working initially in the HR functions of the company’s diversified businesses of Refractories, Tyre Machinery, Heavy Engineering, Castings, Agro-business, Overseas Projects, Research and Consultancy. He then moved to the corporate HR function, acquiring deep understanding about all aspects of people-related matters in the company’s cement operations including HR processes and systems, talent management, industrial relations, working with management teams, employees and communities. His hands-on approach to employee engagement has helped in securing the support of employees and unions in all of the company’s recent change and transformation initiatives as well as being instrumental in ACC being ranked consecutively as "The Best Employer To Work For" in the cement sector.

Ramaswami Kalidas

Mr. Ramaswami Kalidas serves as Head - Compliance, Company Secretary of the Company since September 26, 2017. He is a MBA, Finance.

Christof Haessig

Mr. Christof Haessig serves as Non-Executive Non-Independent Director of the Company. Mr Christof Hassig heads the Corporate Strategy and Mergers & Acquisitions function in LafargeHolcim, reporting directly to the Chief Executive Officer. Before joining the former Holcim Limited in 1999, Mr Christof Hassig worked for twenty five years at UBS in many different functions, including as Global Relationship Manager and Investment Banker for multinational corporates in Switzerland and abroad. Within the former Holcim Limited, he was reporting directly to the Chief Financial Officer with many direct links to all other Executive Directors including Chief Executive Officer. For the past fifteen years, he has built and led the department Corporate Financing & Treasury. This function spans across all the geographic regions and includes a matrix organization with the finance department of the operating companies in the various countries. In December 2012, he took over additional responsibilities as head of the newly created Mergers & Acquisitions function at Group level. In March 2013, the Group’s Insurance Department was moved and integrated into the Corporate Finance & Treasury Department. He started his career with a three year apprenticeship in Banking followed by a Masters Degree in Banking and Advanced Management Programme at Harvard Business School in 2006.

Martin Kriegner

Mr. Martin Kriegner serves as Non-Executive Non-Independent Director of the Company. Mr Martin Kriegner is an Austrian national and is a Member of LafargeHolcim’s Executive Committee since August 2016, with overall responsibility for India and South East Asia and since January 2018 he is also responsible operations in Australia and New Zealand. 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 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 its cement, RMX and aggregates business. In July 2015, he became Area Manager Central Europe for LafargeHolcim operations and was appointed Head of India effective March 1, 2016.

Vijay Sharma

Shri. Vijay Kumar Sharma serves as Non-Executive Non-Independent Director of ACC Ltd. Mr Vijay Kumar Sharma is the Chairman of Life Insurance Corporation of India since 16th December, 2016 and prior to this served as Chairman (In charge) from 16th September, 2016. He held the position of Managing Director, Life Insurance Corporation of India from 1st November, 2013 till his elevation as Chairman (In charge) LIC. From December 2010 to November 2013, he was Managing Director & Chief Executive Officer, LIC Housing Finance Limited (LICHFL), a premier housing finance company in the country. Mr Vijay Kumar Sharma, is a post-graduate (M.Sc.) in Botany from Patna University. Mr Sharma joined LIC as Direct Recruit Officer in 1981 and has grown with the Corporation since then. He has handled various challenging assignments pan India and in all operational streams including in-charge positions at different levels. Working across the length and breadth of the country, he has added immensely to his experience and honed his understanding of demographics of the country, socio-economic needs of different regions and multicultural challenges in implementation of Corporate objectives. As MD & CEO of LICHFL, he stabilized the operations of the company under most challenging circumstances of negative media glare, intense scrutiny by Regulator & others and turned it around to be the best Housing Finance Company in 2011.

Ashwin Dani

Shri. Ashwin S. Dani serves as Non-Executive Independent Director of ACC Ltd. Mr Dani holds a BSc (Hons) degree from the Institute of Science, University of Mumbai. He completed B.Sc. (Tech) - Paints, Pigments and Varnishes from U.D.C.T. (now known as Institute of Chemical Technology), University of Mumbai. He holds a Masters Degree in Polymer Science (USA) and a Diploma in Colour Science (USA). Mr Dani started his career in 1967 as a Development Chemist with Inmont Corp. (now known as BASF), Detroit, USA, a major supplier of automotive OEM and refinishes. He joined Asian Paints Limited in 1968 as Senior Executive and moved through successive senior positions like Director - R&D, Works Director, Whole-time Director and as Vice Chairman and Managing Director from December, 1998 to March, 2009. Mr Dani has an in-depth knowledge of supply chain management and is mainly responsible for the strong and committed dealer network at Asian Paints Limited which, inter alia, has contributed to that company’s superior performance. Currently, he is the Non Executive Vice Chairman of Asian Paints Limited. Mr Dani is the past President of the Indian Paint Association (IPA) and has received a number of awards for his contributions to the Paint Industry. He was the Vice President of Federation of Indian Chambers of Commerce and Industry (FICCI). He was a member of the Central Board of Trustees - Employees Provident Fund of the Government of India and was also the President of the Board of Governors of the UDCT (presently ICT) Alumni Association, Mumbai. Currently, he is a member on the Board of Management of ICT Mumbai.

Arunkumar Gandhi

Mr. Arunkumar Ramanlal Gandhi is Non-Executive Independent Director of ACC Ltd. Mr Arunkumar Gandhi is a Fellow Member of the Institute of Chartered Accountants in England & Wales, a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Chartered Institute of Taxation, London. He was with N. M. Raiji & Co., Chartered Accountants, as a partner from 1969, and in 1993 became a Senior Partner. He occupied this position till July 2003. As partner, Mr Gandhi audited several public and private sector entities. He is an expert on share valuation and corporate restructuring (i.e. mergers/demergers etc.). He was the Executive Director of Tata Sons Limited from August, 2003 till August, 2008 and was thereafter appointed Director of Tata Sons Limited, on whose Board he served upto March, 2013. Mr Gandhi has been assisting the Tata Group in acquiring diverse assets and companies across the globe. This has enabled the Tata Group to acquire critical assets, resources and access to world class R&D facilities. In these transactions, he advised on business valuation, financial due diligence, counter-party negotiations, financing and applicable merger control provisions. Over the last 20 years, Mr Gandhi has served as a Director on the Board of several Indian and foreign companies.

Shailesh Haribhakti

Shri. Shailesh V. Haribhakti serves as Non-Executive Independent Director of ACC Ltd. Mr Shailesh Haribhakti is the Chairman of Haribhakti & Co. LLP (Chartered Accountants), New Haribhakti Business Services LLP and Mentorcap Management Private Limited. Evolving from a background in Audit, Tax & Consulting, he now seeks to create enduring value for companies and organizations he is involved in, by being a deeply engaged Independent Director. His strong belief is that good governance creates 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. Currently he is Non-Executive Chairman of L&T Finance Holdings Limited, L&T Mutual Fund and Future Lifestyle Fashions Limited, past Chairman and Trustee of National Pension Scheme Trust (NPS Trust), past Member of Pension Advisory Committee (PAC) of Pension Fund Regulatory & Development Authority (PFRDA). He currently serves on several large Boards of multinational and Indian companies and 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 and professional forums. He has led BMA, IIA (Mumbai), ICAI(WIRC), IMC, FPSB and Rotary Club of Bombay over the last several decades. For a period of two years, he served on the Standards Advisory Council of the IASB in London.

Farrokh Kavarana

Mr. Farrokh K. Kavarana serves as Non-Executive Independent Director of ACC Ltd., since May 03, 2013. Mr Kavarana holds a B.Com. (Hons.) degree from the University of Bombay and an MBA from the Wharton School, University of Pennsylvania. He is a Fellow of the Institute of Chartered Accountants of England & Wales and a Member of the Institute of Chartered Accountants of India. Mr Kavarana retired in 2014 as a Director of Tata Sons Limited and Tata Industries Limited, the apex holding companies of the Tata Group, after a career spanning four decades with the Group. He was Chairman of several Tata Companies in India and abroad - Tata AIG General Insurance Company Ltd., Tata AIA Life Insurance Company Ltd., Tata Projects Limited and Trent Limited. He was Executive Chairman of Tata Asset Management Ltd. from 2005 to 2009 and of Tata Infotech Ltd. from 2000 to 2005. He served as Executive Director of Tata Motors Limited from 1994 to 2000. He was Vice Chairman & Managing Director of Tata International AG, Switzerland and Tata Ltd., U.K. from 1975 to 1994, responsible for Tata Sons overseas operations and investments. Prior to his association with Tata Group, Mr Kavarana was with McKinsey & Co. Inc. in London and Washington D.C. from 1970 to 1974. Mr Kavarana is involved with several social and charitable institutions and is Chairman - Lady Tata Memorial Trust, Trustee - Nani Palkhivala Memorial Trust and the National Centre for the Performing Arts. He was a founder Trustee of Childline India Foundation from 1999 to 2014. He is a recipient of the Dadabhai Naoroji International Millennium Award 2005 and the Wharton India Alumni Award 2009.

Falguni Nayar

Mrs. Falguni S. Nayar serves as Non-Executive Independent Director of ACC Ltd. Ms Falguni Nayar is a Graduate from Sydenham College of Commerce & Economics and a Post Graduate from Indian Institute of Management, Ahmedabad. Ms Nayar has a rich experience of over two and half decades. She started her career as a Manager and Consultant at A F Ferguson & Company. In 1993, she joined Kotak Mahindra Group to lead the M&A and Project Advisory Initiatives. She has held senior positions in various capacities and was the Managing Director and Chief Executive Officer of Kotak Investment Bank from 2006 to 2012. Ms Nayar is the founder and Chief Executive Officer of Nykaa.com, a beauty retail platform which she launched in 2012. Ms Nayar was recognized as Top Woman in Business by Business Today in 2011 and 2017. She has also received FICCI Ladies Organization Award for Top Woman Achiever in the field of banking in 2008. In 2017, Ms Nayar has won the “Woman Ahead” award at The Economic Times Start-Up Awards 2017.

Sushil Roongta

Shri. Sushil Kumar Roongta serves as Non-Executive Independent Director of ACC Ltd. Mr Roongta holds a Bachelor’s degree in Engineering from Birla Institute of Technology & Science (BITS), Pilani and a Post Graduate Diploma in Business Management - International Trade, from the Indian Institute of Foreign Trade (IIFT), New Delhi. He is a Fellow of All India Management Association (AIMA). Mr Roongta has a wide and varied experience in public sector undertakings. He is presently Non Executive Chairman of Bharat Aluminium Company Limited (BALCO) and Talwandi Sabo Power Limited (TSPL). Earlier, during his tenure as Chairman of SAIL from August 2006 to May 2010, the ranking of SAIL among World Class Steel Makers moved up to the second position from the seventeenth position, as per World Steel Dynamics, USA. Mr Roongta headed a Panel of Experts on the Reforms in the Central PSEs, constituted by the Planning Commission. He has also been a Member of the Committee formed by the Ministry of Corporate Affairs, to formulate Policy Document on Corporate Governance. He is associated with several academic institutions, and was the Chairman, Board of Governors, IIT Bhubaneswar (2012-2015) and is presently on the Board of Management of J. K. Lakshmipat University. He is also associated with apex Chambers of Commerce, being a member of National Executive Committee of Federation of Indian Chambers of Commerce and Industry (FICCI), Chairman of the National Expert Committee on Minerals & Metals of Indian Chambers of Commerce (ICC) and cochairs Industry Committee of PHDCCI.

Sujatha Chitre

Basic Compensation