MD, & CEO. National Stock Exchange and Chairman
World Federation of Exchanges
Mr. Vikram Limaye is the Managing Director and CEO of the National Stock Exchange of India Limited (NSE) which is the world’s second largest exchange in cash market trades and one of the top three exchanges in index and stock derivatives volumes.
Prior to joining NSE, he was the Managing Director & CEO of IDFC Limited, a diversified financial services conglomerate. He started his professional career with Arthur Andersen in Mumbai in 1987 while pursuing his Chartered Accountancy and worked in the audit and business advisory services groups of Arthur Andersen, Ernst & Young and the consumer banking group of Citibank before going to the US in 1994 to pursue a MBA. After completing his MBA, he worked on Wall Street in USA for 8 years with Credit Suisse First Boston in a variety of roles in investment banking, capital markets, structured finance and credit portfolio management before returning to Mumbai, India in 2004.
He has contributed to various committees of government and industry associations on a range of topics surrounding infrastructure, economic policy, markets, trade, minority affairs etc. He has been a speaker at various domestic and international conferences and has been part of international government delegations for infrastructure and foreign direct investments into India. He has also been on the boards of various corporates, educational institutions and not for profit organisations.
He completed his Bachelors in Commerce from HR College of Commerce & Economics, Chartered Accountancy and a MBA in Finance and Multinational Management from the Wharton School of the University of Pennsylvania, USA.
Vice Chairman – Grasim Industries & Director (Telecom)
Aditya Birla Management Corporation Pvt. Ltd
Himanshu Kapania, aged 57 years, veteran of Indian Telecom Sector, is the former Managing Director of erstwhile Idea Cellular [renamed as Vodafone Idea Limited (VIL) after Amalgamation of Idea Cellular with Vodafone India], and is presently on the Board of VIL as Non-Executive Member. VIL is World’s 2nd largest pure play Cellular Operator in terms of Mobile Subscribers at 422 million and Gross Investment of US$ 40 billion, co-promoted jointly by Aditya Birla Group (India) and Vodafone Plc (London).
Mr. Kapania has over 32 years of work experience primarily in Technology, Operations, Sales & Marketing, etc., with deep understanding of Indian consumers and society. His tryst with the Indian telecom industry dates back to over two decades and he has been a key contributor to the exponential growth in the sector. Mr. Kapania joined Idea in 1997 (earlier known as Birla AT&T), when it was still in its embryonic state, and headed operations of Gujarat circle. Subsequently, he spearheaded the launch of operations of Idea in Delhi circle. From 2006 to 2011, he served as the Chief Operating Officer for Idea, in-charge of the telecom circles in South and Western regions of India.
In April 2011, he was appointed Managing Director of Idea Cellular Ltd, and during his tenure he steered the company from just being a pan-India 2G player, to an established pan-India mobile broadband operator (3G + 4G). Under his leadership, Idea was on a pedestal of fast paced growth journey driving Idea’s
consumer base from mere 14 million (December 2006) to over 200 million subscribers by August 2018.
Besides being on the Board of VIL, Mr. Kapania is the Aditya Birla nominee on the Boards of Grasim Industries (Market Cap – US$ 7 billion) as a Vice Chairman and Aditya Birla Idea Payments Bank as ‘NonExecutive Chairman’. He is also a member of the ‘Business Review Council’ for the Aditya Birla Group’s leading companies, Hindalco (Aluminium) and UltraTech (Cement).
He has served on the GSMA Board for two Years in 2015 and 2016, and has also chaired the ‘Cellular Operators Association of India, COAI’ during 2012-14 and 2015. Besides Telecom, Mr. Kapania also brings with him wealth of diverse experiences across Automobile, Consumer Durables and Office Automation industries, etc. Mr. Kapania is an alumnus of Birla Institute of Technology, Mesra (1979 – 83) and the Indian Institute of Management, Bangalore (1988 – 90). Himanshu is an avid bridge player and loves outdoor sports like long distance running, tennis and basketball.
MD & CEO
Multiples Alternate Asset Management
Renuka Ramnath is the Founder, Managing Director and CEO of Multiples Alternate Asset Management, a private equity manager and advisor to funds of ~ USD 1 bn. She has over 30 years of experience in the Indian financial sector across private equity, investment banking and structured finance.
Renuka started her career with the ICICI Group and had leadership roles in investment banking, structured finance and e-commerce; she led ICICI Venture as the MD & CEO of ICICI Venture, to become one of the largest private equity funds in India.
One of the most experienced private equity fund managers in India, Renuka has a full cycle track record of investing capital raised from global Institutions. Renuka is a Board member of EMPEA, the global industry association for private capital in emerging markets.
She has obtained a graduate degree in textile engineering from V.J. Technological Institute (VJTI), University of Mumbai and a post graduate degree in management studies from University of Mumbai. She has also completed the Advanced Management Program, the International Senior Managers Program from the Graduate School of Business Administration, Harvard University.
Chairman & Managing Director
ReNew Power Limited
Sumant Sinha is the Chairman and Managing Director of ReNew Power Limited. ReNew Power is the largest renewable energy IPP in India in terms of total energy generation capacity*. The company has a strong track record of nearly doubling its operational capacity in each of the last three Fiscal Years.
As of May 2018, ReNew Power has a total capacity of 5.85 GW**. Under Sumant’s leadership, ReNew Power has demonstrated its ability to access diversified pools of Indian and international capital, including equity, project finance and corporate debt, from a broad cross-section of investors, lenders and other capital providers.
Institutional equity investors have invested a total of Rs 66,965.67 million ($1.03 billion***) in the Company over the years. Sumant holds a bachelor’s degree in civil engineering from the Indian Institute of Technology, Delhi, a post-graduate diploma in management from the Indian Institute of Management, Calcutta and a master’s degree in International Affairs from the Columbia University. He is also a CFA charter holder and a member of the Institute. He worked as an investment banker in the United States and the United Kingdom at Citicorp Securities and ING Barings Services Limited, respectively, before returning to India as the Group CFO of the Aditya Birla Group and subsequently as the Chief Executive Officer of Aditya Birla Retail. Subsequent to this, he joined Suzlon in 2008 and served as the Chief Operating Officer until 2010.
In 2017, he held the office of Chairman of the Confederation of Indian Industry (CII) – Northern Region and has previously been the Chairman of CII’s Renewable Energy Committee as well as CII’s Solar Task Force. He is also on the Advisory Board of Columbia University’s School of International and Public Affairs. He has also been appointed to the Board of Governors of the Indian Institute of Management, Calcutta and the Indian Institute of Management, Sirmaur.
Sumant has won many awards, including the “ET Awards Entrepreneur of the Year, 2018”, the “IIT Delhi Distinguished Alumnus Award, 2018”, the “CEO Lounge Champion of Tomorrow Award, 2018”, the “EY Entrepreneur of the Year Award, 2017” in the Energy, Real Estate and Infrastructure category and the “Outstanding Start-up of the Year Award” for ReNew Power at Forbes India Leadership Awards, 2017”. He was recognized as the “Industry Crusader” at Renewable Energy India Awards 2017 as well as the “Torch Bearer of the Year” at the India Solar Week Leadership Awards 2017.
Sumant is a frequent and sought after commentator in leading global and Indian media such as CNN, NBC America, Financial Times, The Economic Times, Mint and Business Today. Sumant is passionate about market reforms, economic policy, governance, and climate change and speaks extensively at forums organized by Stanford, Wharton, MIT, Columbia University, Financial Times, Forbes, Fortune, Goldman Sachs, Boao Forum, etc.
Joint Managing Director
Kotak Mahindra Bank
Dipak Gupta is a whole-time director on the board of Kotak Mahindra Bank and is designated Joint Managing Director. He is also part of the Bank’s Executive Board that drives and oversees Kotak Group’s growth charter.
Effective May 2018, Dipak helms numerous functions including Human Resources, IT, Operations, Digital Initiatives, Customer Experience, Marketing and Communication, CSR, and has an oversight on the Asset Reconstruction and Alternate Asset Investment businesses of the Group. Until recently, he oversaw Group Treasury and Wealth Management businesses of the bank. Dipak has been with Kotak Mahindra Group since 1992. He has played a key role in building various businesses for Kotak Mahindra Group.
Dipak was instrumental in forging the partnership between Kotak Mahindra Finance Ltd (KMFL) and Ford Credit International. He was the first CEO of the KMFL– Ford Credit joint-venture, Kotak Mahindra Primus Limited. Dipak was appointed as Executive Director of Kotak Mahindra Finance Limited (which got the banking license in April 2003 and became Kotak Mahindra Bank Limited) in 1999.
Dipak was also responsible for setting up the retail business following the conversion of KMFL into a bank. Prior to joining Kotak, Dipak worked with the consultancy division of A.F. Fergusson. Dipak is a graduate in Electronics Engineering from IIT, Varanasi and a post-graduate in Management from the Indian Institute of Management, Ahmedabad (IIMA).
Founder & Chairman
Vineet Nayar is Founder Chairman of Sampark Foundation and former CEO of HCL Technologies and author of the highly acclaimed management bestseller “Employees First, Customers Second: Turning Conventional Management Upside Down” (Harvard Business Press, June 2010).
A management visionary and radical thinker, Vineet led the transformation of HCL Technologies into one of India’s fastest-growing global information technology services company, growing from $0.7 billion in 2005 to a $4.7 billion Global Technology Services Company with over 85,000 employees across 32 countries in 2013. This radical transformation led Fortune to recognize HCLT as “the world’s most modern management” while BusinessWeek named HCLT as “one of the world’s most influential companies”; which led its innovative management practices to be taught as a case study at both the Harvard Business School and London Business School.
Vineet in turn was chosen by Fortune Magazine for its first ever global Executive Dream Team and also found a place on the elite Thinkers 50 List. His ideas of organization transformation have received rich praise from influencers like the late C.K. Prahalad, Tom Peters, Gary Hamel and Ram Charan. Vineet stepped down from the company in 2013 to focus on Sampark Foundation, co-founded with his wife Anupama Nayar, to catalyse ‘large scale transformation in primary education through frugal innovation’.
Today, Sampark Foundation is transforming learning outcomes of 7 million children studying in 76,000 rural schools across 6 states in India: Chhattisgarh, Haryana, Himachal Pradesh, Utter Pradesh, Uttarakhand and Jharkhand at less than $1 per child per pa. This large-scale transformation is now a ‘case study’ at Harvard Business School.
Vineet has been cited by Forbes in its ‘Heroes of Philanthropy List 2016’ and also as a ‘Global Thinker 2016’ by Foreign Policy magazine for ‘unplugging technology so kids can learn’ along with his wife. Vineet joined HCL in 1985 after earning his MBA from XLRI. In 1993, he founded the start-up Comnet, where he developed and put into practice many of the ideas described in this book, transforming it into a multi-billion-dollar business. In 2005, he became president and in 2007, the CEO of HCL Technologies, where over the next five years, he led a remarkable turnaround. Vineet currently serves as a Senior Advisor to the McKinsey Leadership Institute and Fortune 1000 companies. He is on the Advisory Board of the Millions Learning Project led by the ex-Prime Minister of Australia, Julia Gillard and has served as Governor of ICT, member of the Global Advisory Board of Women Leader’s and Gender Parity Program at the World Economic Forum. And, as a mentor to multiple technology led start-ups, he continues to follow his passion of turning conventional management wisdom, upside down.
Indian Institute of Technology, Madras
Ashok Jhunjhunwala is an Institute Professor at Indian Institute of Technology, Madras at Chennai, India. After his BTech, he got his MS and PhD degrees from the University of Maine. From 1979 to 1981, he was with Washington State University as Assistant Professor. Since 1981, he has been teaching at IIT Madras. He has just completed one year of his services as Principal Advisor to Ministry of Power, MNRE, Government of India and Principal Advisor to Ministry of Railways, Government of India, New Delhi.
Dr. Jhunjhunwala is considered the pioneer in nurturing Industry-Academia interaction in India towards R&D, Innovation and Product Development. He conceived and built the first Research Park (IIT Madras Research Park) in India which houses over 100 R&D companies in its 1.2 million square feet built-up area. TIE conferred him the title of Dronacharya for his contributions to the cause of entrepreneurship, as he incubated and nurtured over 100 companies at IIT Madras. He heads the IITM Incubation Cell and Rural Technology and Business Incubator (RTBI).
He leads the Telecommunications and Computer Networks group (TeNeT), which has worked closely with industry in the development of a number of products for Indian telecom, banking and power industries. One of his key focus areas over the last two decades has been to drive telecom R&D. As a developer of the first Wireless in Local Loop (CorDECT WLL) product in India, he recognizes that in the absence of adequate wire-line infrastructure, India would need to deliver higher and higher bit rate per Hz of available spectrum, but with lower and lower power per bit. 4G and 5G wireless technologies are focused towards this. At the same time, there has been a focus on driving telecom design and manufacturing in India, so that its net-imports in telecom goes to zero.
Simultaneously, he has been working on using telecom and ICT to make a difference to lives of people in India, especially for its rural people. Using ICT to drive health-care, education, agriculture, livelihood and financial inclusion has been the focus of his work. He was the founder chairman of Mobile Payment Forum of India, which enabled mobile payments in India. Having made a mark in telecom, over the last four to five years he has focused on power sector and has come up with innovations to ensure that all homes in India get 24 x 7 power even in situation of extreme power-shortage.
Using his solar-DC innovation, he is focused on decentralized solar power and believes that by 2030, India should get 50% of its peak power from solar. As a chairman of Technology Advisory Group for Electric Mobility, he believes that 50% of vehicles in 2030 would have electric traction. He is continuously thriving to drive quality into Science and Engineering Higher Education. As a member of Kakodkar committee on IITs and NITs, he envisioned IITs to become primarily research institutions in future, while NITs should become the institutions with highest quality UG education. As a chair of a MHRD committee on “Quality Enhancement in Engineering Education,” and a member of review committee of AICTE, he has been targeting both public and private engineering colleges to significantly improve the quality of imparting education.
He believes that ICT can be an important tool to enable this, though strengthening of local faculty is equally important. As a chairman of SAC-PM committee on water, he had come up with a comprehensive report on different ways that water-shortage, quality and pollution have been affecting India and had recommended the R&D, Implementation and Policy tasks that India should undertake to overcome the problems. Dr. Jhunjhunwala has been Chairman and member of various government committees and has been on boards of several education institutions in the country.
At the same time, he has been on the boards of a number of public and private companies and has driven comprehensive changes, especially in the area of technology, in these companies. He was a Director on the board of State Bank of India, Bharat Electronics, HTL, NRDC, IDRBT, VSNL and BSNL. He has also been a board member of Tata Communications, Mahindra Rewa, Sasken, Tejas Networks, TTML, Intellect and Exicom. He is currently also on the board of BIRAC and Chairman of Technology Advisory Group of SEBI.
Also he is currently Chairperson in IIIT Kottayam – Indian Institute of Information Technology, Kerala. Dr. Jhunjhunwala was conferred Copper Excellence Award for Technology Innovation” from India Copper Forum, Padmashri, Shanti-Swarup Bhatnagar Award, Vikram Sarabhai Research Award, H. K. Firodia Award, Silicon India Leadership Award, Millenium Medal at Indian Science Congress, UGC Hari Om Ashram Award, IETE’s Ram Lala Wadhwa Gold Medal, JC Bose fellowship, Bernard Low Humanitarian Award among many others. He is fellow of IEEE, INSA, NAS, IAS, INAE, National Academy of Engineering (NAE) and WWRF. He has also been conferred honorary doctorate by University of Maine and Blekinge Institute of Technology, Sweden.
President & Chair
Indian School of Design and Innovation
Dr. Indu Shahani is the President & Chair of ISDI – School of Design & Innovation, ISDI WPP School of Communication and ISME School of Management Entrepreneurship; and is the Founding Dean of ISME Dr. Indu Shahani has been acknowledged worldwide as a visionary thought leader for her significant contribution to education and value-based leadership.
She has over four decades of teaching experience at the college and university level. Dr. Indu Shahani was appointed Sheriff of Mumbai in 2008 and the one year term was extended to an additional term in 2009. Dr Shahani was also the first Indian to be appointed Vice-Chair on the Board of the Governors of the International Baccalaureate and has over a decade of experience with the IB Worldwide 2001 2010.
Dr. Indu Shahani has been nominated on leading boards of large national and global companies that has provided an impetus for academia – industry collaborations the subject of her PhD from University of Mumbai. She was awarded the Honorary Doctor of Letters degree by the University of Westminster in London on November 16, 2009.
As a tribute to Dr. Shahani, the University had instituted the Sheriff of Mumbai’s Scholarships for Women from Mumbai to study a Master’s programme in the years 2009 and 2010 in London.
Dr. Shahani is a Visiting Faculty Member at the UC Berkeley NYU Stern, USA and she is a Lead Speaker at various conferences in India and abroad. She has also developed many linkages for student and faculty exchanges with leading universities in USA, UK, Europe, South Africa, Singapore, Australia and New Zealand Dr. Shahani has received many awards. prominent among them are Women of the Decade Achievers Award by ASSOCHAM Citizen of Mumbai Award’ by Rotary Club of Bombay and Excellence in Education Award’ by the FICCI FLO