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VST Industries Ltd (VSTI.NS)

VSTI.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Naresh Sethi

2019 Non-Executive Chairman of the Board

Anish Gupta

2014 Chief Financial Officer, Vice President - Finance

Phani Mangipudi

2017 Compliance Officer, Company Secretary, Head of Legal & Secretarial

Devraj Lahiri

44 2017 Managing Director, Whole Time Director

N. Sai Sankar

2017 Whole Time Director

Mubeen Rafat

2014 Non-Executive Director

Sudip Bandyopadhyay

2019 Addiitonal Independent Director

Rama Bijapurkar

62 2019 Additional Independent Director

Rajiv Gulati

2019 Additional Independent Director

S. Thirumalai

2005 Non-Executive Independent Director

Biographies

Name Description

Naresh Sethi

Mr. Naresh Kumar Sethi is Non-Executive Chairman of the Board of the Company. He has held various marketing roles in India, Indonesia, West Africa Area and Australasia prior to moving to Japan as President ofBritish American Tobacco Japan. In December 20II Mr. Sethi became the first Indian!Asian to be appointed to the Management Board ofBritish American Tobacco reporting to the CEO. In 2013 he became the Director for the Western Europe Region. Since 2017 he is the Business Development Director responsible for Strategy, Enterprise Transformation, Global IT and Global Business Services. He was also responsible for the integration of newly acquired Reynolds American. Since 2011, Mr. Sethi has been on the advisory Board of Hands On Tokyo, a Non-Profit organization based in Tokyo. Mr. Sethi is a chemical engineer from Indian Institute of Technology, Varanasi and has an MBA from the Indian Institute ofManagement, Calcutta, India.

Anish Gupta

Mr. Anish Gupta is the Chief Financial Officer, Vice President - Finance of VST Industries Limited. On 23 April 2014 the Board has appointed, the existing Vice-President-Finance Mr. Anish Gupta as Chief Financial Officer.

Phani Mangipudi

Devraj Lahiri

Mr. Devraj Lahiri is re-designated as Managing Director, Whole Time Director of the Company effective November 28th, 2017. He is currently serves as Deputy Managing Director, Whole -Time Director of VST Industries Limited, July 1, 2016. Mr. Devraj Lahiri is a Commerce graduate from Calcutta University and Masters in Business Administration from Indian Institute of Social Welfare and Business Management, Kolkata. He joined the Company in 2001 and has made contributions during his association with the Company. He is a member of the Committee of Directors and Shareholders Grievance Committee of the Company.

N. Sai Sankar

Mr. N. Sai Sankar is re-designated as Whole Time Director of the Company effective November 27th, 2017. He is currently serves as Managing Director, Whole Time Director of VST Industries Limited. He resigned as Company Secretary, Compliance Officer of the Company effective October 19, 2012. He is a B.Com (Hons.) from St. Xavier's College, Kolkata and is a member of Institute of Chartered Accountants of India, Institute of Cost & Works Accountants of India and Institute of Company Secretaries of India. He has about 29 years of experience in Finance and Accounting field. Mr. Sai Sankar joined the Company in 1995 and has made contributions during his association with the Company. He is a member of the Committee of Directors and Shareholders Grievance Committee of the Company. He is also a director on the Board of the Tobacco Institute of India. He acts as the Secretary of the Audit Committee. Previously he served as Finance Manager, Palmtech India Ltd.

Mubeen Rafat

Sudip Bandyopadhyay

Rama Bijapurkar

Ms. Rama Bijapurkar is appointed as Additional Independent Director of the Company. She is a recognized thought leader on market strategy and India's consumer economy. She has an independent management consulting practice and works with a range of global and domestic companies, across sectors, helping them in the development of their business-market strategy. She is an experienced independent director and has served on the boards of several of India's blue chip companies. Past and present boards include Axis Bank, Crisil, Infosys, Bharat Petroleum, Godrej Consumer Products, Mahindra & Mahindra Financial Services Limited, ICICI Prudential Life Insurance Company Limited, Redington Gulf FZE, Titan Industries, Janalakshmi Financial Services, National Payments Corporation of India, RBL Bank, Nestle India etc. She is also chairperson and co founder of People Research on India's Consumer Economy not-for-profit think tank and fact tank, dedicated to providing 'household and people-level' data and insights for business strategy and public policy. (www.ice360.in) She has been a member of the governing council of the Banking Codes and Standards Board of India (set up by the banking regulator), and of the Eminent Persons Advisory Group of the Competition Commission of India. She has been a regular visiting faculty at the Indian Institute of Management Ahmedabad (liMA), her alma mater, and has till recently served on its board of governors. Ms. Bijapurkar is a dominant voice in the Indian media on business and policy issues. She is the author of "We are like that only: Understanding the Logic of Consumer India", "A Never-Before World: Tracking the Evolution of Consumer India" and "Customer in the Boardroom - crafting customer based business strategy" (Sage). Ms. Bijapurkar holds a BSc (Hons) degree in Physics from Delhi University and a post graduate diploma in management from the Indian Institute of Management, Ahmedabad (1975-1977).

Rajiv Gulati

Mr. Rajiv Gulati serves as Additional Independent Director of the Company. Mr. Rajiv Gulati is an Independent Consultant advising several PE firms such as Multiples, Capital Group, Samara etc. in making judicious investments in the Pharmaceutical sector. Mr. Gulati serves on Advisory Board of Infinion Biopharma. He has been Independent Director on Board of Pharmaceutical companies such as Eris Life Sciences and UTH. Rajiv is mentoring Essentium Phygen, a unique consumer health company. Priorto this, Mr. Gulati was President-Global Pharmaceuticals Business, for Ranbaxy Laboratories Limited, located at their Global Headquarters; from April 2011 to November 2014. Before joining Ranbaxyin April, 2011, he was Giobal Head of Anti-counterfeiting operations of Eli Lilly and Company, USAand has done pioneering work in helping fight the menace of fake medicines. Mr. Rajiv Gulati has also been Head of Emerging Market Strategy, as part of Corporate Strategic planning function for Eli Lilly & Co.,working at their Global Head Office at Indianapolis, USA. He has been Chairman and Managing Director of Eli Lilly in India and several South Asian Countries. Mr. Rajiv Gulati is a well-known veteran with three decades of rich Pharma industry experience. He has completed his Masters in Pharmaceutical Technology from IIT-Varanasi and MBA from IIM, Ahmedabad. Rajiv enjoys teaching and has delivered lectures at Wharton Business School - U Penn, Kelley Business School - IU, Booth - University of Chicago and has been part of external Advisory Board of College of Business and Economics, Australian National University. Mr. Gulati has been Pharma Chair of American Chamber of Commerce and Indo American Chamber of Commerce in Past. Currently he serves asTrustee of Delhi Pharmaceutical Trust.

S. Thirumalai

Mr. S. Thirumalai is Non-Executive Independent Director of VST Industries Limited since October 2005. Mr. S. Thirumalai is a Commerce and Law Graduate and is a Fellow Member of Institute of Chartered Accountants of India and Institute of Company Secretaries of India. He is also a Certified Associate of the Indian Institute of Bankers. He attended the Advanced Management Program at Harvard Business School, Boston, MA (USA) in 1992. He has over 30 years of experience in manufacturing industry covering all aspects of Finance, Taxation and General Management (including three years with Reserve Bank of India/Unit Trust of India as an Officer). He is now the Senior Advisor to the consulting firm Deloitte Touche Tohmatsu India Private Limited.

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