Board of directors

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Mr Madhusudan Kela is one of the most well-known and seasoned   investors in Indian Capital Markets, with an extensive experience of over 27   years. He has expertly played the role of Chief Investment Officer for over a   decade, leading a team of over 40 investment professionals, and managed the   Equity portfolio of the largest asset management company in India. At the   Reliance Group, which he joined in 2001, he was a permanent invitee to all   board meetings, in the capacity of a senior decision maker and key Group   resource. After a 17-year successful   stint at Reliance Group, he went entrepreneurial in Jan 2018.

He is currently the promoter of a proprietary investment vehicle   started in 2018 – “MK VENTURES” which is a boutique proprietary investment   firm focussed on alpha opportunities. He is also on the committees of CII,   FICCI and SIDBI. He is also a partner   in a couple of other firms / LLP and hold substantial interest in other two   Companies.

Mr Kela has also been recognised as the Best Equity Fund Manager,   and received this award from the Prime Minister of India. He has actively   counselled the leading Industrial Houses in India, and also on their personal   investments. He also informally advises family offices of several   distinguished HNIs, and select global institutions on investing into India.   He is also frequently invited to make representations to policy makers on   critical business-related issues of national importance, helping take the industry   voice to the policy makers.

He was also the architect behind the staggering growth in RMF’s   AUM from less than Rs. 200 Cr to over 1 lakh Cr in less than a decade. He is   widely regarded for his ability for wealth creation. Over the last three   decades, he has identified and mentored several passionate entrepreneurs. He   has helped several promising companies realize their true potential. 

He has been profiled by leading Indian and International   magazines, including the likes of Forbes and Asia money. His views are sought   after by the leading business news channels in India including CNBC TV18, ET   Now, Bloomberg, BTVI and CNBC Awaaz, and Zee Business. He is a regular   panellist for sharing investment views, and opinion on a host of macro and   thematic events. He has also hosted or been a panel invitee to major   conferences organized by industry bodies like FICCI, CII, leading domestic   and international institutions related to capital markets etc.

He is involved in social and religious causes and is a Trustee at   Konark Cancer Foundation – providing financial assistance and helping them   get the right treatment and patient care. He is also an active volunteer for   Isha Foundation.

Mr. Rajeev Agarwal, an Engineering graduate from I.I.T, Roorkee, belongs to1983 batch of Indian Revenue Service and has got wide experience of Securities Markets, Commodity Markets and Taxation - Whole Time Member, SEBI, for 5 years ; Member, Forward Markets Commission, erstwhile regulator of Commodity futures markets, for 5 and a half years ; Indian Revenue Service - 28 yrs. During his tenure on the board of SEBI he supervised and handled the Policy of important departments dealing with markets in equity, bonds, currency and commodities, Mutual Funds, Foreign Investors, International Affairs, Corporate Governance, PEs, VCFs, Start Ups etc.

He was also responsible for revival package of the Mutual Fund Industry in 2012 when the industry was going through a major crisis after ‘Entry Load’ ban in 2010. Since then the MF Industry has grown more than 5 times. He supervised smooth merger of commodity Market regulator, Forward Markets Commission, with SEBI in 2015 which was a very rare event globally.

He has wide exposure of Global Markets and their regulation having interacted with Global peers and International bodies such as IOSCO and Pacific Pension Investment Institute, San Francisco, a body of Global Pension Funds whose member pension funds command a pool of more than 25 Trillion USD. He is attending their roundtables and has worked with their members on ESG issues. Presently, he is running an Advisory in capital market advising Indian corporates / start-ups on regulatory issues and corporate governance. He is also on the panel of experts of a number of Global Consultancies and is advising their foreign clients on Indian Capital Markets.

Mr. Sanjay Malpani is a Chartered Accountant. He has wide experience in administration, growth strategies, corporate structuring, business planning, treasury and risk management in diverse organizations in Food, Oil & Gas, Trading and distribution of consumer and industrial goods industries; working for leading MNCs, large corporates & promoter-driven companies in India and abroad.

He has a good understanding of businesses and their drivers, combined with a solution orientation that has helped deliver a range of solutions across various roles. He created and led teams, with an entrepreneurial outlook, to open up new opportunities and business Lines across industries and influenced policy changes by MOFPI to improve the operational and financial efficiency of Food Parks.  He held diverse positions in various fields in leading corporates.  

Mr. Sumit Bhalotia has over 15 years of work experience across   diverse industries ranging from financial services, oil & gas, telecom   and information technology. This includes more than a decade of experience in   equity research & fund management. He is currently associated with MK   Ventures, a boutique investment management firm focussed on alpha generation.   Before joining MK Ventures, Sumit was Assistant Vice President – Investments   at Reliance Capital Ltd. He has also worked at CRISIL, Indian Oil Corp and   Cognizant Technology in various roles. Sumit started his investing career as   an analyst conducting extensive modelling for a top Global research team   focussed on European equities. Sumit has evaluated investments in almost all   key sectors, given the sector agnostic, concentrated investing style of the   firm and leads the team’s initiatives in banking & financial services.   Sumit has also been instrumental in developing a lot of the team’s   proprietary models and market assessment tools. He closely tracks disruptions   in existing businesses and emerging technologies, especially in Fintech,   which has led to some of the firm’s key investments in this space. Besides   being a passionate stock picker, Sumit also spends a lot of time   understanding the deep complexities of the global financial markets and   leverages this knowledge to ensure the broader market direction is well   understood and tracked.

Mr. Sumit holds a Bachelor of Technology (Computer Science) from   Maulana Abul Kalam Azad University of Technology, West Bengal and an MBA   (PGDM) from the Xavier Institute of Management (XIMB), one of the premier   business schools in India. He is also a CFA Charter holder. Besides   investing, He is an avid reader and fitness enthusiast.

Shruti Bahety is a search professional with over 7 years of experience. She started her career at FutureStep India in their consumer, retail and pharmaceutical sector. She has worked on and closed niche level assignments for both domestic and MNC clients. After three years of professional search experience, Shruti is now a freelance search consultant. She was a fixed retainer with Godrej Group for over three years and had successfully worked on over 20 roles with them across the group. In addition to clients in consumer and pharma industry, she is also working with one of the leading law firms in the country today.

Prior to working with Futurestep, Shruti has had the experience of interning with ITC Hotels and Capgemini India. Shruti’s core area of expertise includes talent scouting and mapping using the best-in-class available resources.

Shruti holds a post graduate degree in human resource management from International Management Institute, New Delhi and bachelors’ degree from Hansraj College, University of Delhi. She is an avid traveler and enjoys reading a book during her spare time.

 Mr. Siddharth Agrawal, aged about 39 years is teh Director of Godawari Power & Ispat Ltd. the flagship company of HIRA GROUP OF INDUSTRIES. He is the Chairman of CII of Chhattisgarh region for the year 2023-24. He is a Commerce Graduate and MBA from Pune. Being the second generation Director, Mr. Siddharth is the eldest son of Mr. B. L. Agrawal, Managing Director of Godawari Power & Ispat Ltd.

He is a Strategic planner and has got a knack for converting ideas and policies to concrete execution. He had successfully commissioned 50 MW Solar Thermal Power Plant at Rajasthan, which is one of its kind in India and s also looking after the overall plant operations. He also looks after the procurement of raw material at optimal cost, and marketing & sales of finished goods of the company GPIL.

Business Development for the group is his major forte.

He has spearheaded the successful implementation of SAP & Integrated management System in GPIL making it the first company in Chhattisgarh to achieve this feat. He has many more plans of growth. With his young and Innovative bent he has been working hard towards making the group confirm to its goals and fulfilling them in a new light.

In December, 2008, an Institute Management Committee (IMC) for ITI Hathbandh was formed under the Chairmanship of Mr. Siddharth Agrawal.

Presently he is spearheading the project on Emobility as Aggregator and Integrated Township spread over an area of 300 Acres at Raipur - Chhattisgarh. He is also serving under the capacity of the Director of various group units of HIRA Group.