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Reliance Power Ltd (RPOL.NS)

RPOL.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Anil Ambani

59 2007 Non Independent Non-Executive Chairman of the Board

K. Raja Gopal

2018 Chief Executive Officer, Whole-time Director

Shrenik Vaishnav

2018 Chief Financial Officer

Murli Purohit

2017 Compliance Officer, Company Secretary

Darius Kakalia

68 2016 Lead Independent Non-Executive Director

Sateesh Seth

61 2014 Non-Executive Non-Independent Director

K. Ravikumar

2017 Independent Director

Rashna Khan

53 2014 Non-Executive Independent Director

Biographies

Name Description

Anil Ambani

Shri. Anil Dhirubhai Ambani is an Non Independent Non-Executive Chairman of the Board of Reliance Power Ltd. He B.Sc. Hons. and MBA from the Wharton School of the University of Pennsylvania, is the Chairman of our Company, Reliance Communications Limited, Reliance Infrastructure Limited, Reliance Capital Limited and Reliance Defence and Engineering Limited. As on March 31, 2017, Shri Anil D. Ambani held 4,65,792 shares of the Company including 1,000 shares jointly with Reliance Project Ventures and Management Private Limited.

K. Raja Gopal

Shri. K. Raja Gopal has been appointed as Chief Executive Officer, Whole-time Director of the Company, with effect from July 1, 2018. He has having over thirty-five years of industry and leadership experience in both public and private domains. A well acknowledged leader in power industry circles of the country known for deep insight, vision, team building capability, fostering strong relationships and a proven track record of execution and operation of large IPPs. Most recently chaired the 'Association of Power Producers' (APP) and also was a member of National Committee on Power at CII and FICCI at New Delhi. In the past he has remained to be the member of Board & CEO of Lanco Group, CEO of LVS Power Limited, General Manager & Head - Project, Best Power Limited and also worked with Hindustan Cables Limited.

Shrenik Vaishnav

Shri. Shrenik Vaishnav has been appointed as Chief Financial Officer of the Company, with effect from May 2, 2018. He is an Chartered Accountant having over twenty eight years of experience in finance, accounting, corporate restructuring, M&A, mobilization of financial resources and setting up of control systems, etc. Currently, he is working as Senior Vice President (Corporate Accounts) and Chief Accounts Officer (CAO) with Reliance Communications Limited and has worked in the past with NirmaLimited, Torrent Pharmaceuticals Limited, etc.

Murli Purohit

Shri. Murli Manohar Purohit is an Compliance Officer, Company Secretary of the Company. Shri Purohit is a Fellow member of the Institute of Company Secretaries of India as well as an Associate member of the Institute of Cost Accountants of India. He has around 24 years of experience in corporate compliance and secretarial functions.

Darius Kakalia

Shri. Darius J. Kakalia is an Lead Independent Non-Executive Director of the Company. He is a Commerce and Law Graduate from the University of Bombay. He was enrolled as an Advocate of the Bombay High Court in 1973 and qualified as a Solicitor from Bombay in 1976. He also qualified as a Solicitor of the Supreme Court of England in 1982. He is a partner of Mulla & Mulla & Craigie Blunt & Caroe, Advocates and Solicitors. He commenced his practice as a commercial Lawyer having built an extensive transaction practice and court practice having a wide background in corporate commercial matters, setting up of Joint Ventures, Mergers and Acquisitions, ADRs and GDRs as well as real estate transactions and disputes and litigations related to these sectors and areas of practice and has also extensive experience in the power sector. He specializes in power sector litigation and Projects, acting for large Power Companies and has advised consortium for the bids with respect to the 4,000 MW Ultra Mega Power Projects that have been proposed by the Power Finance Corporation of India. He regularly appears before the MERC, the Bombay High Court and in the Supreme Court of India with respect to various litigations in relation to disputes including in the power sector. He was a Lecturer in law at K. C. Law College (University of Bombay) and was also appointed as an examiner by the University of Bombay. He is a Director of Companies of repute including Aditya Birla Finance Limited, Hercules Hoists Limited, Escorts Limited, Reliance Broadcast Network Limited and Rosa Power Supply Company Limited. He is also Chairman of Rosa Power Supply Company Limited, a Material Unlisted Indian Subsidiary of the Company. He is a Member of the Audit Committee, the Stakeholders Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee of the Company. He is the Chairman of the Nomination and Remuneration Committee of the Company.

Sateesh Seth

Shri. Sateesh Seth serves as Non-Executive Non-Independent Director of the Company. He is a Fellow Chartered Accountant and a law graduate. He has vast experience in general management. Shri Sateesh Seth is also on the Board of Reliance Telecom Limited, Reliance Infrastructure Limited, Reliance Anil Dhirubhai Ambani Group Limited, Reliance Defence and Aerospace Private Limited, Reliance Defence Systems Private Limited, Reliance Defence Technologies Private Limited, Reliance Defence Limited and Reliance Defence and Engineering Limited. He is a Member of the Audit Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee, Nomination and Remuneration Committee of the Company. He is a member of the Audit Committee of Reliance Telecom Limited.

K. Ravikumar

Shri. K. Ravikumar is an Independent Director of the Company. He is the former Chairman and Managing Director (CMD) of Bharat Heavy Electricals Limited (BHEL), the USD 7 billion organization that ranks among the leading companies engaged in the field of power plant equipment. As CMD, he was responsible for maximizing market-share and establishing BHEL as a total solution provider in the power sector. The company was ranked 9th in terms of market capitalization in India during his tenure at BHEL. He had handled a variety of assignments during his long career spanning over 36 years. His areas of expertise are design and engineering, construction and project management of thermal, hydro, nuclear, gas based power plants and marketing of power projects. Shri Ravikumar had the unique distinction of having booked USD 25 billion order for BHEL. His vision was to transform BHEL into a world class engineering enterprise. Towards this, he has been pursuing a growth strategy based on the twin plans of building both capacity and capability and this has resulted in an increase in BHEL’s manufacturing capacity from 10,000 MW to 20,000 MW per annum. He also introduced new technologies in the field of coal and gas based power plants for the first time in the country such as super critical thermal sets of 660 MW and above rating, advance class gas turbines large size CFBC boilers and large size nuclear sets. BHEL has the distinction of having installed over 1,00,000 MW of power plant equipment worldwide.

Rashna Khan

Smt. Rashna Khan is an Non-Executive Independent Director of the Company. She is a Law graduate from Government Law College Mumbai (University of Bombay) and qualified as a Solicitor with the Bombay Incorporated Law Society and Law Society London. Smt. Khan has worked with Mulla & Mulla & Craigie Blunt & Caroe, Advocates and Solicitors and with Dhruve Liladhar & Co., Advocates and Solicitors, in various capacities before she became partner of Mulla & Mulla & Craigie Blunt & Caroe, Advocates and Solicitors, since the year 2009. She specializes in the field of civil litigation including attending matters in the High Court, Supreme Court, Company Law Board, Income Tax Tribunal, Arbitration, Customs, Excise and Service Tax Appellate Tribunal, Opinion and documentation work. She is a Member of the Audit Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee, Nomination and Remuneration Committee and Risk Management Committee of the Company. She is also on the Board of The Supreme Industries Limited and Vidarbha Industries Power Limited (VIPL). She is also Chairperson of VIPL, a Material Unlisted Indian Subsidiary of the Company as well the Chairperson of Audit Committee of the said company. She was appointed as an Independent Director for a period of three consecutive years by the shareholders of the Company through postal ballot resolution passed on September 27, 2014, effective from the said date. Under the provisions of Section 149 of the Companies Act, 2013, and Rules made there under and the Listing Regulations, it is proposed to re-appoint Smt. Khan as an independent Director for a term of consecutive three years effective from the date of the ensuing Annual General Meeting of the Members.

Basic Compensation

Name Fiscal Year Total

Anil Ambani

120,000

K. Raja Gopal

--

Shrenik Vaishnav

--

Murli Purohit

3,908,000

Darius Kakalia

920,000

Sateesh Seth

800,000

K. Ravikumar

400,000

Rashna Khan

920,000
As Of  31 Mar 2018