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United Kingdom

Rain Industries Ltd (RAID.NS)

RAID.NS on National Stock Exchange of India

89.60INR
21 Jul 2019
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Summary

Name Age Since Current Position

H. Zutshi

76 2019 Non-Executive Chairman of the Board

N. Jagan Reddy

2019 Non-Executive Vice Chairman of the Board

T. Srinivasa Rao

2011 Chief Financial Officer

S. Venkat Reddy

Compliance Officer, Company Secretary

N. Radhakrishna Reddy

76 2019 Managing Director, Executive Director

N. Sujit Reddy

42 2011 Non-Executive Director

Varun Batra

51 2018 Additional Independent Director

Radhika Haribhakti

2014 Additional Independent Director

Brian McNamara

57 2019 Additional Independent Director

Nirmala Reddy

71 2019 Independent Director

Biographies

Name Description

H. Zutshi

Mr. H.L. Zutshi is Non-Executive Chairman of the Board of Rain Industries Limited. He was former Chairman & Managing Director of Hindustan Petroleum Corporation Ltd (HPCL). HPCL is engaged in petroleum refining, marketing and exploration activities. He retired from HPCL in May 2002 after serving as CMD for seven years. HPCL was the successor company of ExxonMobil in India, after the latter's activities were taken over by the Government of India in 1974. Mr. Zutshi was also the Chairman of Mangalore Refineries and Petrochemicals Ltd (MRPL), a joint venture Company between Aditya Birla Group of companies and HPCL, South Asia LPG Ltd, a joint venture between HPCL and TOTAL of France, HINCOL a joint venture between COLAS SA of France and HPCL and an Exploration & Production Company called Prize Petroleum, a joint venture between HPCL and HDFC, ICICI and TDCI. He was a member of the Government of India appointed expert Sub-Committee for developing a policy paper on deregulation etc., which provided inputs for the Hydro Carbon Vision 2025. He was formerly Chairman of the Petroleum, Coal, Fertilizer and related products Division Council of Bureau of Indian Standards (BIS), New Delhi, Convener of the Financial Services Sector task force of the Department of Public Enterprises, which fixed annual performance targets of the Financial Services PSUs. He was also Advisor Energy & Hydrocarbon to Mittal S.a.r.l, Luxomberg, and ABN Amro Investments. He was formerly Independent Director on the Boards of MMTC, MECON Ltd and IDBI Bank Ltd., Indirapuram Habitat Centre Pvt. Ltd., Terasol Labs Pvt.Ltd, Jaguar Overseas Limited and Deepwater Drilling & Industries ltd., He was also Special Director of BIFR on the boards of two companies namely Saurastra Chemicals & PML Industries.

N. Jagan Reddy

Mr. N. Jagan Mohan Reddy is Non-Executive Vice Chairman of the Board of Rain Industries Limited. He has a Bachelor of Science degree in Industrial Engineering from Purdue University, U.S.A. He is the founder of Rain CII Carbon (Vizag) Limited (successor of Rain Calcining Limited) that has started operations in 1998. He was instrumental in the acquisition of (i) Rain CII Carbon LLC (formerly CII Carbon LLC), a US based company, engaged in the business of manufacture and sale of Calcined Petroleum Coke (CPC) and generation of energy and (ii) RÜTGERS N.V., a Belgium-headquartered Coal Tar Pitch ("CTP") and Chemicals manufacturer. He provides strategy and guidance to the Senior Management of Rain Group. He is presently the Managing Director of Rain Industries Limited and Director in Rain CII Carbon (Vizag) Limited, Rain Cements Limited, Rain Coke Limited, Renuka Cement Limited, Sujala Investments Private Limited, Focus India Brands Private Limited, Rain Entertainments Private Limited, Moonglow Company Business Inc, Rain Commodities (USA) Inc, Rain CII Carbon LLC, USA, Rain Carbon Inc., Rain Global Services LLC, USA, Rain Carbon Holdings, LLC, USA, Rain Global Holdings, LLC, USA, Rain CII Carbon Mauritius Limited and Pragnya Priya Foundation. He is the member of Audit Committee of Rain Cements Limited.

T. Srinivasa Rao

S. Venkat Reddy

N. Radhakrishna Reddy

Mr. N. Radhakrishna Reddy is Managing Director, Executive Director of Rain Industries Limited. He has more than 50 years of experience in Construction and Cement Industry. He has been a Director of the Company since 1984. Currently, he is also on the Board of Rain Cements Limited, Renuka Cement Limited, PCL Financial Services Private Limited, Arunachala Holdings Private Limited, PR Cement Holdings Limited, Apeetha Enterprises Private Limited, Lakshmi Sea Foods Limited, Rain Entertainments Private Limited and Pragnya Priya Foundation.

N. Sujit Reddy

Mr. N. Sujith Kumar Reddy is Non-Executive Director of Rain Industries Limited. He holds a Bachelor's degree in Commerce. He has more than 18 years of experience in manufacturing and Construction Industry. He is the Managing Director of Rain Cements Limited, which manufactures and sells Cement under the brand name "Priya Cement". The Gross Turnover of Rain Cements Ltd is more than Rs.1,000 Crores. He is instrumental in doubling the Cement capacity to more than 3 million tons of Cement per annum and also building the dealer Network and increase of retail sales in Andhra Pradesh, Tamilnadu, Karnataka and Maharashtra States. He is also Director of Renuka Cement Limited, PCL Financial Services Limited, Arunachala Holdings Limited, Apeetha Enterprises Limited, Nivee Holdings Limited, Nivee Property Developers Private Limited, Rain Entertainments Private Limited and Pragnya Priya Foundation.

Varun Batra

Mr. Varun Batra is Additional Independent Director He is a graduate in mathematics from st. Xaviers's collge, mumbai and post graduate in management from the IIM, Ahmedabad.

Radhika Haribhakti

Brian McNamara

Mr. Brian Jude McNamara is Additional Independent Director of the Company. Mr. Brian McNamara is a former banker with a 30 year career in project finance, corporate finance and investment management. Mr. McNamara worked in investment operations at International Finance Corporation (IFC) in Washington D.C. from 1991 to 2015 with responsibility for investment strategy, business development and project financing for a range of sectors across emerging markets including chemicals, textiles, general manufacturing and mining. Mr. McNamara has extensive investment experience in project evaluation, financial structuring and investment management across the chemicals, fertilizers, carbon black, plastics, fibers, specialty chemicals and primary metals industries.

Nirmala Reddy

Ms. Nirmala Reddy is Non-Executive Director of the Company. Ms. Nirmala Reddy worked as a Financial Sector Consultant with the World Bank Washington D.C. during 1995-2006. Her assignments were on credit intermediation, institutional sustainability, privatization, financial and performance appraisal of development banks and financial institutions. Projects were located in Mongolia, Guyana, Egypt, and Jordan. She also worked on projects for the Asian Development Bank in Thailand and for the African Development Bank in Abidjan, Cote de I'vore. She has twenty two years experience as a career banker in India. She joined as a Probationary Officer in the then State Bank of Hyderabad in 1969 and underwent training in operations, credit and foreign exchange. In 1975 she joined Vijaya Bank as a Branch Manager and held several operational assignments for sixteen years that included heading the Bank's Merchant Banking Division in Bombay. She was deputed to the then Manufacturers Hanover Trust Company New York for training in Credit and Foreign Exchange. She has also undergone a senior management course at the Administrative Staff College in Hyderabad. In 1989 she joined the American Express Bank Ltd in Bombay as Director and Head of Correspondent Banking for India and Nepal. She was trained at the Bank's offices in New York, London and Frankfurt.

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