chola Management

BOARD OF DIRECTORS

chola Chairman
Mr. M B N Rao
Chairman & Independent Director
chola Vice-Chairman
Mr. N Srinivasan
Vice Chairman & Non-Executive Director
chola Non-Executive Director
Mr. V Srinivasa Rangan
Independent Director

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chola  Chairman
Mr. M B N Rao (66 years)
Chairman & Independent Director
  • Is a graduate in agriculture, an Associate of the Chartered Institute of Bankers, London, a Certified Associate of the Indian Institute of Bankers and a Fellow of the Indian Institute of Banking & Finance. Holds a Diploma in Computer Studies from the University of Cambridge and the National Centre for Information Technology, United Kingdom.
  • Is the former Chairman and Managing Director of Canara Bank and Indian Bank.
  • Has over 42 years of varied experience in fields of banking, finance, economics, technology, human resource, marketing, treasury and administration.
  • Has over nine years of international banking experience in Singapore and Indonesia.
  • Is a member of the Singapore Institute of Management. Was also the Chairman of Indian Banks Association and a member of various committees constituted by RBI, MOF, SEBI and National Institute of Bank Management.
  • Is on the Boards of various reputed companies including E.I.D. Parry (India) Ltd., Ramco Cements Ltd., Taj GVK Hotels and Resorts Ltd. and is an expert member of National Stock Exchange of India Limited.
  • Joined the Board of Chola in July, 2010.
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chola Vice-Chairman
MR. N Srinivasan (57 years)
Vice Chairman & Non-Executive Director
  • Is a graduate in Commerce, an Associate member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
  • Has over 31 years of experience in the areas of corporate finance, legal, projects and general management.
  • Is a director on the Boards of Tube Investments of India Ltd., Cholamandalam MS General Insurance Company Ltd. and certain other Murugappa Group companies.
  • Joined the Board of Chola in December, 2006.
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chola Non-Executive Director
Mr. V Srinivasa Rangan (55 years)
Independent Director
  • Is a graduate in Commerce, Associate member of Cost and Works Accountants of India and Institute of Chartered Accountants of India.
  • Is an Executive Director at Housing Development Finance Corporation Limited (HDFC Ltd.) and has been associated with the company since 1986.
  • Is a Director on the Boards of Atul Limited and several other companies in HDFC Group.
  • Has over 33 years of experience in corporate finance and banking.
  • Was Conferred the “Best CFO in the Financial Sector for 2010” by the Institute of Chartered Accountants of India.
  • Joined the Board of Chola in July, 2011.
chola Director
Mr. Nalin Mansukhlal Shah
Independent Director
chola Non-Executive Director
Ms. Bharati Rao
Independent Director
chola Non-Executive Director
M. M. Murugappan
Non-Executive Director
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chola Director
Mr. Nalin Mansukhlal Shah (68 years)
Independent Director
  • Is a Chartered Accountant from the Institute of Chartered Accountants in England & Wales.
  • Has over 32 years of experience in banking and financial services industries.
  • Was a member of the Governing Board of Deloitte India for several years.
  • Was a member of the Accounting Standards Board of the Institute of Chartered Accountants of India and a member of the Institute’s Expert Advisory Committee, Technical Reviewer for the Financial Reporting Board of the Institute.
  • Is a Director on the Boards of various companies including Eimco-Elecon (India) Ltd., Tata Capital Ltd., DCB Bank Ltd., Kotak Mahindra Asset Management Co. Ltd. and the RBI's representative on the Governing Council of the Banking Codes and Standards Board of India.
  • Joined the Board of Chola in July, 2013.
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chola Non-Executive Director
Ms. Bharati Rao (66 years)
Independent Director
  • Is a post graduate in Economics and a Certified Associate of the Indian Institute of Banking & Finance.
  • Has over 43 years of varied experience in the fields of project finance, foreign offices, credit and risk management.
  • Retired as the Deputy Managing Director and Chief Development Officer of SBI holding concurrent charge of SBI’s Associate Banks and Non-Banking subsidiaries and an advisor for mergers and acquisitions.
  • Is on the Boards of various companies including Vijaya Bank, Carborundum Universal Ltd., SBI Capital Markets Ltd., SBI Caps (UK), SBICAP Securities Ltd., SBI Global Factors Limited and Tata Tele Services Ltd.
  • Joined the Board of Chola in July, 2014.
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chola Non-Executive Director
M. M. Murugappan (59 years)
Non-Executive Director
  • Holds a Bachelor of Technology in Chemical Engineering from University of Madras and a Master of Science in Chemical Engineering from University of Michigan, USA.
  • Has over 37 years of experience in the diverse areas of abrasives, manufacturing, electronics, strategy & business development, technology, R&D and human resources.
  • Serves as a member of American Institute of Chemical Engineers, Indian Institute of Chemical Engineers, Plastics & Rubber Institute and Indian Ceramics Society.
  • Is on the Boards of various companies including Carborundum Universal Limited, Tube Investments of India Limited, Mahindra & Mahindra Limited, Cyient Limited, IIT Madras Research Park and certain other Murugappa Group companies.
  • Joined the Board of Chola in January 2015.
chola Managing Director
Mr. Vellayan Subbiah
Managing Director
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chola Managing Director
MR. Vellayan Subbiah (45 years)
Managing Director
  • Holds a Bachelor of Technology in Civil Engineering from IIT Madras and a Masters in Business Administration from the University of Michigan, USA.
  • Has over 21 years of experience in the varied fields of technology, projects and financial services.
  • Has worked with Mckinsey and Company, Chicago, 24/7 Customer Inc. and Sundram Fasteners.
  • Is a recipient of the Extraordinary Entrepreneur of the Year - TiECON 2014 Award.
  • Was the Managing Director of Laserwords between January, 2007 and August, 2010.
  • Is a Director on the Boards of SRF Limited and certain other Murugappa Group companies.
  • Joined the Board of Chola in August, 2010.
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