Board of Directors
Board of Directors
The corporate governance framework is based on an effective independent Board, separation of the Board’s supervisory role from the executive management team and constitution of the Board Committees, as required under law.
Our Board has been constituted in compliance with the Companies Act and the Listing Regulations. The Board functions either as a full board or through various committees constituted to oversee specific operational areas. The executive management provides the Board detailed reports on its performance periodically.
Currently, our Board has ten Directors. In compliance with the requirements of Regulation 17 of the Listing Regulations, our Company has three Executive Directors and Seven Non-Executive Independent Directors including Non-Executive Chairman on the Board.
Manish Sabharwal
Vice Chairman
DIN: 00969601
Manish Sabharwal is currently Vice Chairman of Teamlease Services, one of the India’s largest employers. Prior to Teamlease he had co-founded India Life which was acquired by NYSE listed Hewitt Associates; consequently he served as Managing Director of Hewitt Outsourcing (Asia) based in Singapore. He is a member of the Central Advisory Board of Education, Member of the Advisory Board of the Comptroller and Auditor General of India, and a Governing Board Member of the National Council of Applied Economic Research. He has also served as an Independent Director on the Board of the Reserve Bank of India. Manish is also Managing Trustee of the New India Foundation (that offers fellowships to write books about post-1947 India), a columnist for Indian Express, and a Board Member of Neev Academy. He has an MBA from the Wharton School and Bachelors degree from Shriram College of Commerce, Delhi.
Ashok Reddy
Managing Director & Chief Executive Officer
DIN: 00151814
Ashok Kumar Nedurumalli is the Co-Founder and Managing Director of the Company. Ashok oversees our operations and represents our Company in forums with major clients. He holds a bachelors degree in commerce from the Shri Ram College of Commerce, Delhi and a diploma in management from Indian Institute of Management, Bengaluru. He is a first generation entrepreneur with 17 years of experience in the industry of human resource services. Prior to his current position, he was a director of India Life, a payroll and pension services company. He has been awarded the “Skills Champion of India” award in the category of Skills Champion: Emerging Warrior for his outstanding contribution to the field of skills development.
Latika Pradhan
Independent Director
DIN: 07118801
Latika Prakash Pradhan is an Independent Director of our Company. She is a qualified chartered accountant, cost and management accountant, company secretary and bachelor of laws, with an experience spanning over 35 years in various industries, heading finance, legal and secretarial, internal audit and information technology functions. She is also an independent director on the board of Mafatlal Industries Limited.In the past, she has been associated with Voltas Limited, Blue Star Limited, Cummins Group, Park Davis India Limited and Pidilite Industries Limited in various capacities. She has been an Independent Director of our Company since July 09, 2015.
Narayan Ramachandran
Chairman & Lead Independent Director
DIN: 01873080
Narayan Ramachandran is an Independent Director of our Company. He holds a bachelor’s degree in technology from the Indian Institute of Technology, Mumbai, a master’s degree in business administration from the University of Michigan and is a qualified Chartered Financial Analyst. He has wide experience in the field of finance and banking and until February, 2010, he was the country head and chief executive officer of Morgan Stanley India. Prior to that he was the co-head of the emerging markets division of Morgan Stanley Investment Management, Singapore. He has been an Independent Director of our Company since July 09, 2015.
V. Raghunathan
Independent Director
DIN: 00254091
V. Raghunathan is an Independent Director of our Company. He is an academic, corporate executive, author and columnist and a hobbyist and features among the top 50 Global Indian Management Thinkers of Thinkers Magazine, 2013 and 2014. He was conferred the title of fellow of the Indian Institute of Management, Calcutta, in the field of finance and control. He was a professor at the Indian Institute of Management, Ahmedabad, for nearly two decades, until 2002. Since January 2005, he has been the chief executive officer of GMR Varalakshmi Foundation. He has authored several books and currently also blogs for the Times of India. He has been an Independent Director of our Company since July 09, 2015.
Zarir Batliwala
Independent Director
DIN: 01028343
Mr. Zarir Batliwala is an Independent Director of our Company. He is a Bachelor in Law and a senior Fellow Member of the Institute of Company Secretaries of India. He brings with him 45 + years of rich corporate experience at senior leadership level with functional experience in legal and human resource management, with a strong exposure to business and leadership and organizational development. Mr. Batliwala has been associated with various organizations like Mahindra & Mahindra Group of Companies, Britannia Industries Limited, Hewlett-Packard, and the like, heading human resources, legal and secretarial functions. Between 2010 and 2014, he acted as a consultant to us (TeamLease Services Limited), as head of the human resources function. Currently, he is an Independent People Practices consultant, focusing on organizational structure, performance management systems and workplace culture. He has been an Independent Director of our Company since March 29, 2019.
Mekin Maheshwari
Independent Director
DIN: 03621431
Mekin Maheshwari is the Founder and CEO, Udhyam Learning Foundation. He is based in Bangalore and is a graduate in engineering from PESIT, Bangalore. He started his career in 2002 with Yahoo! and then went on to join Ugenie where he created weRead - a successful social network around books. He was an early team member at Flipkart in 2009 where he played various roles. As Head of Engineering, he built a great tech team, which he counts as his biggest professional achievement till date. He then went on to establish two small start-ups within Flipkart and finally took on the role of Chief People Officer. He moved on from Flipkart in March 2016. In 2017, he started Udhyam Learning Foundation, a not-for-profit organisation. Udhyam aims to develop entrepreneurial mindsets amongst youth and nano entrepreneurs to help them pursue their potential. He is also Co-founder of GAME (Global Alliance for Mass Entrepreneurship) which was started in 2018. He is an angel investor for nonprofit, social and tech start-ups.
Meenakshi Nevatia
Independent Director
DIN: 08235844
Mrs. Meenakshi Nevatia is the Managing Director of Stryker India since October, 2018. Over the last 2.5 years, she has focused on transforming the organization into a truly customer focused company while significantly strengthening operational basics and building a vibrant organization culture that can attract and retain the best talent in the industry. Prior to joining Stryker, Mrs. Nevatia had a successful 15-year stint with Novartis, where she served in various sales, marketing and business leadership positions across geographies including Switzerland, UK, Spain, Hong Kong and Thailand. Her last role in Novartis was as Country President and Pharma Division head for Novartis in Thailand. Mrs. Nevatia started her career with McKinsey & Company in 1994, where she led various projects in the Healthcare Practice (Pharmaceuticals, Medical Devices & Health Insurance) across several markets including India, Singapore, U.S. and South Africa. Mrs. Nevatia has a Master of Business Administration in Strategy and Finance from the Indian Institute of Management, Ahmedabad (IIM A), and Bachelor of Science in Economics and Mathematics from the Presidency College, Kolkata. Mrs. Nevatia is on the Board of the Medical Technology Association of India (MTAI), on the Governing Council of Nathealth and is the Chair of the Med Tech Committee at AMCHAM (American Chamber of Commerce).
Subramaniam Somasundaram
Independent Director
DIN: 01494407
Mr. S. Subramaniam was the Chief Financial Officer for Titan Company Limited for a decade till his superannuation in June, 2021. During the stint with Titan, he was also on the Board of its subsidiaries like Caratlane Trading Pvt. Ltd., Titan Engineering and Automation Ltd., Favre Leuba AG and the joint venture, Montblanc India Retail Pvt Ltd. He is also on the Board of Innoviti Payment Solutions Pvt. Ltd. Before joining Titan, he was in the Telecom industry for over 11 years including stints of CFO for BPL Mobile group and CEO for BPL Mobile operations in Mumbai and CFO of the Telecom vertical in Essar group and worked extensively in setting up its foray into green field telecom operations in Africa. A Chartered Accountant and Cost Accountant by qualification and with over 35 years of post qualification experience in Finance, Strategy and Business roles, specifically in areas like controllership, treasury and fund raising in India and in overseas markets, debt restructuring, preparation for IPO, mergers and acquisitions, business partnering and investor relations. His previous job experiences included working with A F Ferguson & Co, ITC Limited and VST Industries in India and Mannai Group in Doha, Qatar.
Rituparna Chakraborty
Non-Executive Director
DIN: 07332241
Ms. Rituparna Chakraborty is an accomplished business leader with multi-faceted experience, passion for excellence, and a proven ability to drive growth at scale. She has business experience of 23 years and as Co-Founder of TeamLease she has been instrumental in making TeamLease India’s largest people supply chain company. She is the only person from Asia to be included in the Global Power 100 and International 50 Woman in Staffing and is the winner of the Telstra Business Woman in Asia Award. She has also won the Femina Super Achievers Award 2018. She was conferred the distinguished alumnus award at the 10th Indian Management Conclave, 2019 as a GIM Batch of 99 Alumnus. She is also an AMP Alumnus of Columbia Business School batch of 2022. Besides scaling the staffing business to over INR 5000 crore business since its inception she has played an active role in driving various public policy changes - the four labour codes being one of the primary ones. She continues to be involved in forums like Cll, FICCI, ILO, ISF within India and internationally to give a voice to important issues in the area of employment & employability. Rituparna is an eternal people optimist and a salesperson at heart who enjoys interacting with people and building lasting relationships. She is driven by TeamLease’s vision of ‘Putting India to Work’ and providing the youth of the country a job of dignity is at the heart of what she aspires for. She always says, “Not sure whether we can solve all of India’s job problems, but we shall die trying.”
Rajnarayan Ramakrishnan
Independent Director
DIN: 02545177
Mr. Rajnarayan Ramakrishnan is currently an Advisor to Voltas (Tata Group). He has 39 years of business experience, as part of the Management Team of successful Multi-National Corporations as well as multiple Indian Organizations. He has deep domain experience in leading best in class HR teams to enable business success. Mr. Ramakrishnan was the Chief Human Resources Officer in Titan Company Limited from October 2012 to June 2021. During his stint in Metro Cash & Carry from October 2002 to October 2012, he headed Talent Management and Leadership Development for the Company internationally, and also served as HR Director in India for 3 years. He has graduated in Economics (1978 – 1981) from Madras Christian College, Tambaram and completed his post-graduation in Management from XLRI Jamshedpur in the year 1984. He started his career with the HCL group in 1984.