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Sadbhav Infrastructure Projects Ltd (SADB.NS)

SADB.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Vishnubhai Patel

73 Non-Executive Chairman of the Board

Varun Mehta

Chief Financial Officer

Hardik Modi

2016 Compliance Officer, Company Secretary

Rajkumar Dhoot

Vice President - Finance

Vasistha Patel

42 Managing Director, Executive Director

Darshan Bhatt

Assistant General Manager – Accounts

Madhvesh Y S

Senior General Manager - Special Purpose Vehicles

Kunal Shah

Manager - Information Technology

Nitin Patel

47 Non-Independent Non-Executive Director

Shashin Patel

35 Non-Independent Non-Executive Director

Mirat Bhadlawala

41 Non-Executive Independent Director

Arunbhai Patel

69 Non-Executive Independent Director

Sandip Patel

38 Non-Executive Independent Director

Atul Ruparel

47 2014 Non-Executive Independent Director

Daksha Shah

70 2015 Non-Executive Independent Director

Biographies

Name Description

Vishnubhai Patel

Shri. Vishnubhai Mafatlal Patel is the Non-Executive Chairman of the Board of the Company. He has completed his education up to matriculation. He has extensive experience in the construction business. Vishnubhai M. Patel has been conferred the Rashtriya Udyog Ratan Award by the Indian Organisation for Business Research & Development, New Delhi. Under his guidance, our Company has successfully completed various projects displaying high quality standards and has also been awarded with the Paridar Ratna Award. He has been selected for the “Atlas Dyechem – AMA Outstanding Entrepreneur” award by the Ahmedabad Management Association in March 2015. He has been a Director on our Board since incorporation.

Varun Mehta

Mr. Varun Mehta is Chief Financial Officer of the Company. He holds a Bachelor’s degree in Commerce from University of Mumbai. He is also a qualified Chartered Accountant from the Institute of Chartered Accountants of India, a Financial Risk Manager from GARP and has passed the CFA Examination from CFA Institute, USA. He has been associated with our Company since December, 2012. At our Company, he is responsible for, among other things, evaluating optimum financing options such as debt, equity, securitization, refinancing; submission of bids, building financial models, financial research and analysis, evolving Company strategy including mergers and acquisitions and negotiating transactions, policy implementation, liaising with banks and financial institutions for obtaining funds and also participates in the bidding process and execution of road projects. He has over four years of experience as manager. Prior to joining our Company, he was Assistant Manager at Inga Capital, Mumbai.

Hardik Modi

Rajkumar Dhoot

Mr. Rajkumar S. Dhoot is Vice President - Finance of the Company. He holds a Bachelor’s degree in Commerce from Gujarat University and is a qualified Cost Accountant and a qualified Company Secretary. He has been associated with our Company since November 2012. At our Company, he is responsible for toll operations for all operational SPVs, for internal audits and controls, overall responsibility for accounts, audits, statutory compliances of direct and indirect taxes and for obtaining Chartered Accountants certificates for under constructions SPVs for drawdowns and periodic certificates agreed as per the common loan agreements. Prior to joining our Company, he was associated with Gujarat Bulk Packs Limited from 1994 as an Executive-Costing and with Madhu Industries Limited from 1995 as a Deputy Chief Accountant. He was also associated with Kalpataru Power Transmission Limited from 1999. During the Financial Year 2015,

Vasistha Patel

Shri. Vasistha C. Patel is Managing Director, Executive Director of the company. He holds a diploma in Civil Engineering from Gujarat University. His scope of work includes business development, tendering and project planning and other operational capabilities, oversee management of organizational finances. He has been the Director on our Board since April 1, 2008.

Darshan Bhatt

Mr. Darshan Bhatt is Assistant General Manager – Accounts of the Company. He holds a Bachelor’s degree in Commerce from Gujarat University and a post graduate in Commerce (External) from Gujarat University. He is a qualified chartered accountant from the Institute of Chartered Accountants of India. He has been associated with ARRIL since 2006 and our Company since April 2013. At our Company SPVs, he is responsible for toll operations for all operational SPVs, for audited or unaudited quarterly and annual financial statements including consolidated financial statements, direct tax compliances, indirect tax compliances, co-ordination for certifications from statutory auditors for various covenant compliances under the financing documents and regular MIS as required by the management of our Company.

Madhvesh Y S

Dr. Madhvesh Y S is Senior General Manager - Special Purpose Vehicles of the Company. He holds a Bachelor’s degree in Engineering (Civil) from Bangalore University and a post graduate degree in Engineering (Highway Engineering) from Bangalore University. He holds a Doctor of Philosophy for thesis on Evaluation of Geosynthetics in Bituminous Roads from Faculty of Engineering-Civil, Bangalore University. He has been associated with our Company since May 2014. At our Company, he is responsible for maintenance of project highway for all operational SPVs, monitoring of maintenance activities including DPR, MIS, specifications, quality execution and certification of billing and overall responsibility for maintenance budgeting, evaluation of agency for maintenance works, specifications, certification of works and strict compliance of works as per the concession agreement and for maintenance of project highway and contractual obligations related to safety reports, maintenance program, etc., as per the concession agreement. Prior to joining our Company, he has been associated with SAI Consulting Engineers Private Limited Ahmedabad from 2011 as a General Manager (Southern Region).

Kunal Shah

Mr. Kunal N. Shah is Manager - Information Technology of the Company. He holds a bachelor’s degree in Engineering (Electronics and Communications) from Saurashtra University. He has been associated with SEL since October 2012 and our Company since July 2014. At our Company, he is responsible for, among other things, implementing and monitoring project specific toll and highway management strategies and performance of all toll, preparing toll policies and studying and analysing the toll revenue growth patterns, exempt traffic pattern. He has about seven years experience, including two years as Manager (Toll System) in SEL. Prior to joining our Company and SEL, he was associated with L&T Vadodara Bharuch Tollway Limited as Equipment Engineer and Fairtech Engineering Services as an Electrical and Instrumentation Engineer.

Nitin Patel

Shri. Nitinkumar Rameshchandra Patel is Non-Independent Non-Executive Director of the Company. He holds a Bachelor’s degree in Commerce from Gujarat University. He is a qualified chartered accountant from the Institute of Chartered Accountants of India and has 15 years experience in business strategy and corporate finance as a director of SEL. In the Sadbhav Group, he has been involved in policy implementation and liaising with banks and financial institutions for obtaining funds and also participates in the bidding process and execution of road projects. He was appointed as a Director on our Board on September 18, 2010.

Shashin Patel

Shri. Shashin Vishnubhai Patel is Non-Independent Non-Executive Director of the company. He holds a Bachelor’s degree and Master’s degree in Business Administration from K.S. School of Business Management, Gujarat University. He has been associated with SEL, our corporate Promoter, since May 23, 2000 and has over 12 years experience in the field of human resources and information technology and over two years of experience in the field of mining. He has been awarded the Business Leadership Award for Industrial Development by the All India Achievers Foundation. He has been the Director on our Board since incorporation.

Mirat Bhadlawala

Mr. Mirat N. Bhadlawala is Non-Executive Independent Director of the Company. He holds a Bachelors Degree in Commerce from Gujarat University. He was associated with Essar Oil Limited as Business Development Associate from 2005 and was involved in promotion of sales of high speed diesel and other products. He was appointed as a Director on the Board of our Company on October 22, 2014.

Arunbhai Patel

Mr. Arunbhai S. Patel is Non-Executive Independent Director of the Company. He holds a Bachelors degree in Commerce from Gujarat University. He is a qualified chartered accountant from the Institute of Chartered Accountants of India. He was appointed as a director on the board of SEL in September 2012. He was appointed as a Director on the Board of our Company on October 22, 2014.

Sandip Patel

Shri. Sandip V. Patel is Non-Executive Independent Director of the Company. He holds a Bachelor’s degree in Commerce from Gujarat University. He is a qualified chartered accountant from the Institute of Chartered Accountants of India. He was appointed as a director on the board of SEL in June 2006. He was appointed as a Director on our Board on March 1, 2012.

Atul Ruparel

Shri. Atul N. Ruparel is Non-Executive Independent Director of the Company. He holds a Bachelors Degree in Commerce from Saurashtra University. He is a qualified chartered accountant from the Institute of Chartered Accountants of India. He was appointed as a director on the board of SEL in October 2008. He is associated with A.N. Ruparel & Co. He was appointed as a Director on the Board of our Company on October 22, 2014.

Daksha Shah

Ms. Daksha N. Shah is Non-Executive Independent Director of the Company. She holds a Post Graduate Diploma in Business Administration from the Indian Institute of Management – Ahmedabad. She has over 20 years of experience in the corporate sector and more than 15 years of experience in the micro-finance sector. In the past, she has held various posts including, as Managing Director in Pahal Financial Services Private Limited. She has been a Director on our Board since March 24, 2015.