chola Management

BOARD OF DIRECTORS

chola Managing Director
Mr. Vellayan Subbiah
Chairman & Non-Executive Director
chola Non-Executive Director
Mr. Ashok Kumar Barat
Independent Director
chola Non-Executive Director
Mr. N Ramesh Rajan
Independent Director
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chola  Chairman
Mr. M B N Rao (69 years) DIN: 00287260
Chairman & Independent Director
  • Is a Bachelor of Science 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 two Diploma in Computer Studies from the University of Cambridge and the National Centre for Information Technology, United Kingdom. Was a Member of the Singapore Institute of Management.
  • Is the former Chairman and Managing Director of Canara Bank and Indian Bank. Chairman of Canara Bank subsidiaries in Insurance, Mutual Fund, Venture Capital, Factoring, Computer Services, Online Trading & Broking; Indian Bank subsidiaries in Merchant Banking, Housing and Mutual Fund. Vice Chairman of Commercial Bank of Vice Chairman of Commercial Bank of India, Moscow (a joint venture of State Bank of India and Canara Bank)
  • Has over 47 years of varied experience in the fields of banking, finance, economics, technology, human resource, marketing, treasury and administration.
  • Has over nine years of international banking experience in Singapore and Indonesia.
  • 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.
  • Member of Overseeing Committee (under the aegis of the Reserve Bank of India to review resolution of NPAs) and is an Expert Member of the Independent Oversight Committee of the Governing Board for Listing Function of National Stock Exchange of India Limited.
  • Has received various awards including Best Bank in Public Sector, Corporate Governance, Corporate Social Responsibility and Best performance awards for Financing to SMEs, Agriculture, Exports during his tenure with Indian Bank and Canara Bank from His Excellency President of India, Hon'ble Prime Minister, Finance Minister, Minister for Commerce and RBI Governor.
  • Joined the Board of Chola in July, 2010.
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chola Managing Director
Mr. Vellayan Subbiah (51 years) DIN: 01138759
Chairman & Non-Executive Director
  • Holds a Bachelor of Technology in Civil Engineering from IIT Madras and a Masters in Business Administration from the University of Michigan.
  • Has over 23 years of experience in the varied fields of consulting, technology, projects and financial services in different positions across different industries.
  • Has worked with Mckinsey and Company, 24/7 Customer Inc. and Sundram Fasteners.
  • Was a recipient of the Extraordinary Entrepreneur of the Year - TiECON 2014 Award.
  • Was the Managing Director of Chola from 19th August, 2010 to 18th August, 2017.
  • Is the Managing Director of Tube Investments of India Limited and is also a director on the Boards of various companies including Shanthi Gears Limited and SRF Limited.
  • Appointed as an additional director of Chola on 11th November, 2020.
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chola Non-Executive Director
Mr. Ashok Kumar Barat (61 years) DIN: 00492930
Independent Director
  • Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.
  • Has varied experience in the fields of Finance, M&A, Strategy and Governance. He has worked in different roles, operational and staff, as a CFO, Managing Director and CEO and Country Manager.
  • Is a director on the Board’s of DCB Bank Limited, Mahindra Intertrade Limited and Wacker Metroark Chemicals Private Limited (a subsidiary of Wacker Chemie AG).
  • Was the Managing Director and Chief Executive Officer of Forbes & Company Limited from 2008 till his retirement in 2016.
  • Worked with Hindustan Lever Limited (now Unilever), Pepsi, Electrolux, Telstra and Heinz. Was the past President of the Bombay Chamber of Commerce and Industry.
  • Joined the Board of Chola in October, 2017.
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chola Non-Executive Director
Mr. N Ramesh Rajan (61 years) DIN: 01628318
Independent Director
  • Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India.
  • Has 37 years of experience in the fields of finance, strategy and operations.
  • Was the Chairman and Senior Partner, PwC India responsible for overall strategy and operations of all PwC entities in India. As Chairman & Senior Partner he had represented India on the Global Strategy Council of PwC International and served as a member on PwC’s Central Cluster led by PwC, UK.
  • Is the founder and senior partner of LeapRidge Advisors LLP.
  • Is the Chairman of Indo National Limited and is also on the Board of TTK Healthcare Limited.
  • Was appointed as an additional director on the Board of Chola on 30 October, 2018
chola Non-Executive Director
Ms. Bhama Krishnamurthy
Independent Director
Independent Director
Mr. Rohan Verma
Independent Director
chola Managing Director
Mr. M A M Arunachalam
Non-Executive Director
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Independent Director
Ms. Bhama Krishnamurthy (64 years) DIN: 02196839
Independent Director
  • Holds a masters in science from Mumbai University
  • Has a career spanning over 35 years in IDBI (now IDBI Bank) and SIDBI, an Apex Development Bank for MSMEs in India covering almost all areas of development banking operations
  • Has varied experience including resource raising and management, forex, treasury operations, credit dispensation & management, risk management, credit function, head of branch operations and human resources division.
  • Is on the boards of various companies including Reliance Industrial Infrastructure Limited, Reliance Payment Solutions Limited, Catholic Syrian Bank Limited and Muthoot Microfin Limited.
  • Joined the board of Chola on July 31, 2019.
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chola Non-Executive Director
Mr. Rohan Verma (33 years) DIN: 01797489
Independent Director
  • Holds a Bachelor degree in Electrical Engineering from Stanford University and an MBA from London Business School.
  • Is a recipient of the President’s Award for Academic excellence in Stanford University and Dean’s List and Distinction Award from London Business School.
  • Is an Entrepreneur and a technology thought leader who created India’s very first interactive mapping portal mapmyindia.com at the
    age of 19 and has since built many technology innovations in the maps and location space.
  • Is a Director on the Board of C.E. Info Systems Private Limited (MapmyIndia), India’s leading maps, navigation, location technologies and GPS IoT company incorporated in 1992.
  • Is the Founder and Chairman of Infidreams Industries Private Limited, focused on creating social good through technology.
  • Was appointed as an additional director on the Board of Chola on
    25 March, 2019.
  • Is a member of the FICCI Young Leaders Forum.
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chola Managing Director
Mr. M A M Arunachalam (53 years) DIN: 00202958
Non-Executive Director
  • Mr. M A M Arunachalam (also referred as Mr. Arun Murugappan) is an MBA graduate from the University of Chicago, USA.
  • Is the Managing Director of Parry Enterprises India Limited (PEIL), a Murugappa group business arm which is into polynets, general marketing, travels and solar energy.
  • A fourth generation member of the Murugappa family, He drives the business development and strategic initiatives of PEIL by identifying opportunities for its divisions - General Marketing Division (GMD), Parry Travels and Tuflex India.
  • Is also on the Board of Coromandel Engineering Company Limited, Carborundum Universal Limited, Tube Investments of India Limited and CG Power and Industrial Solutions Limited.
  • Appointed as an additional director of Chola on 29th January, 2021.
chola Independent Director
Mr. Anand Kumar
Independent Director
chola Independent Director
Mr. Bharath Vasudevan
Independent Director
chola Non-Executive Director
Mr. Ravindra Kumar Kundu
Executive Director
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Independent Director
Mr. Ravindra Kumar Kundu (51 years) DIN: 07337155
Executive Director
  • Graduate in Commerce and has completed Post Graduate Programme in Management for Senior Executives from the Kellogg School of Management, Indian School of Business and an Executive Programme in Global Business Management from the Indian Institute of Management Calcutta.
  • 30 years of professional experience in automobile and financial services industry.
  • Is on the Boards of Cholamandalam Securities Limited, White Data Systems India Private Limited and Chola Business Services Limited.
  • Is the Executive Director of Chola effective 23 January 2020.
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Independent Director
Mr. Anand Kumar (53 years) DIN: 00818724
Independent Director
  • Holds a Master degree in Business Administration from Vanderbilt University, U.S.A.
  • Is the co-founder of Gateway Partners, Singapore which connects private capital to attractive investment opportunities across the dynamic growth markets of South and South East Asia, Middle East & Africa.
  • Has over 28 years of experience in M&A, Equity Capital Markets and Leveraged Finance in Southeast Asia.
  • Has held leadership positions in several leading investment banks including Standard Chartered Bank and Morgan Stanley.
  • Is also a non-executive director on the Boards of Healthway Medical Corporation, Singapore and TVS Supply Chain Solutions Limited.
  • Appointed as an additional director of Chola on 16th March, 2021.
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Independent Director
Mr. Bharath Vasudevan (46 years) DIN: 09104808
Independent Director
  • Holds a B.Tech in Mechanical Engineering from IIT Madras and MBA from Indian Institute of Management - Bangalore.
  • Is the Chief Revenue Officer of Trust IQ Pvt. Ltd., an advanced data science and technology company and one of the largest providers of credit risk Profile in Asia.
  • Was the Enterprise Risk Officer and Head of Risk, Analytics and Underwriting functions of Bajaj Finance Limited between 2014 and 2018.
  • Appointed as an additional director of Chola on 16th March, 2021
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