Brief Profile of Directors
Chairman, Managing Director & CEO
Mr. Suramya Nevatia
Mr. Suramya Nevatia holds a Bachelor's degree from H.R. College of Commerce & Economics, Mumbai (2009) and an MSc in Marketing Management from Aston University, Birmingham, U.K. (2010) with First Class Merit. He has also completed a Post Graduate Diploma in Family Managed Business from S.P. Jain Institute, Mumbai. He joined Hind Rectifiers Limited in 2011 and was promoted to Chief Executive Officer on June 1, 2016. He was designated as a Key Managerial Personnel (KMP) on June 1, 2018. On August 17, 2020, he was appointed as Joint Managing Director & CEO (KMP), and subsequently, his designation was changed to Managing Director & CEO (KMP) on November 11, 2022, for his remaining tenure. He was reappointed as Managing Director & CEO (KMP) for a further three-year term effective August 17, 2023. With over a decade of experience in the manufacturing industry, he has expertise in Marketing, Production, Operations, Strategic Development, Risk Management, and Governance. He possesses in-depth knowledge of Electronic and Electro-Mechanical Equipment and is responsible for the overall operations and strategic growth of Hind Rectifiers Limited. He also holds directorships in Elventive Tech Private Limited (non-executive director) and Hirect FZ-LLC. Additionally, he is associated with Force Motion Technology LLP.
Executive Director
Ms. Akshada Nevatia
Mrs. Akshada Nevatia holds a Master's in Clinical Psychology from Fergusson College, Pune. She has also completed a Diploma in Family Managed Business from S.P. Jain Institute, Mumbai. She has approximately five years of experience in the real estate industry with Darode Jog Properties and later served as Management Corporate at Hind Rectifiers Limited from June 2015 to January 2017. She has been associated with Hind Rectifiers Limited as an Executive Director since January 15, 2017, and is part of the Promoter Group entity of the Company. With over fifteen years of experience as an entrepreneur, she possesses expertise in finance, accounting, banking, corporate management, corporate governance, strategic planning, and risk management. She also has a deep understanding of the needs and perspectives of various stakeholders, including customers, partners, employees, and regulatory bodies. She holds directorships in Hind Rectifiers Limited, and Elventive Tech Private Limited. Additionally, she is associated with Force Motion Technology LLP.
Non-Independant Non-Executive Director
Mr. Parimal Rameshchandra Merchant
Mr. Parimal Merchant holds a Bachelor's degree in Commerce and Law from Mumbai and has completed ICWA. He obtained his PhD from BITS Pilani in 2018. With a professional career spanning over 46 years, he has extensive experience in capital markets, consultancy, and teaching. He has been associated with the Management Program for Family Businesses for over 25 years and currently serves as the Director of the Global Family Managed Business Program at S. P. Jain School of Global Management. His expertise includes law, capital markets, family-managed businesses, business model development, governance, leadership, risk management, and corporate strategy evaluation. He is associated with several entities, including Sunjewels Private Limited, Ashish Lifescience Private Limited, Dalal and Broacha Stock Broking Private Limited, and Orion Legacy Success Partners LLP.
Independant Non-Executive Director
Mr. Vandan Shah
Mr. Vandan Shah holds a Bachelor’s degree in Industrial Engineering (B.E.) from R.V. College of Engineering, Bangalore. With 40 years of experience, he has worked with companies such as LML-Piaggio, Sipra Engineers Private Limited, Veena Diecasters and Engineers Private Limited, Rishi Lasers Limited, and Hercules Hoists Limited. He is currently the Chairman of Sipra Engineers Private Limited, a leading manufacturer of automotive castings with two plants in Satpur and Sinnar, Nashik. Under his leadership, Sipra Engineers has won 20 national and regional awards.
Mr. Shah is actively involved in industry associations and is a member of CII, and has previously served as Chairman of the Nashik Zonal Council of CII. He is also a member of the Rotary Club of Bombay. He has been associated with the Company as a Non-Executive Director since January 15, 2017, and was appointed as an Independent Director on February 10, 2021. He is also associated with several entities, including Sipra Engineers Private Limited, Sipra Services and Investments Private Limited and Hercules Hoists Limited.
Independant Non-Executive Director
Ms. Ashlesha Bodas
Mrs. Ashlesha Bodas holds a Bachelor's degree in Marketing Management and a Master’s in Business Administration from Symbiosis College, Pune. She has also completed a Master’s program in Family Managed Business from S. P. Jain Institute, Mumbai. Since 2017, she has been associated with the Sharada Group as a Director and shareholder. She is responsible for the overall strategy, management, and business development of the construction business, overseeing office administration, accounts, statutory and legal compliances, customer and vendor management, as well as fundraising for ongoing and new projects to enhance cash flow.
She is associated with several companies, including Hind Rectifiers Limited, Sharada Wind Power Private Limited, Vivek Constructions Pvt Ltd, Sharada Ganesh Realtors Private Limited, Sharada Erectors Private Limited, Vivek Trading Pvt Ltd, Vishwakarma Developers and Consultants Private Limited, Sharada Institute of Information Technology Private Limited, Sharada Petroleum Private Limited, Vivek Computers Pvt Ltd, Sharada Data Systems Private Limited, Srujan Research and Planning Foundation, and Chandranitya Developers Limited. Additionally, she is a partner in Arogyam Dhanasampada Enterprises LLP.
Independant Non-Executive Director
Mr. Vishal Pacheriwala
Mr. Vishal Pacheriwala is a Chartered Accountant with a postgraduate degree in commerce from the University of Mumbai, completed in 2012. He further pursued an MBA from the University of Tulane in 2014. With a professional career spanning over a decade, he has extensive experience in financial management, asset growth, strategic planning, revenue growth, profit maximization, process automation, market expansion, and team leadership. He is currently the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) at Binayak Tex Processors Limited. Additionally, he serves on the Board of several companies, including Valiant Glass Works Private Limited, Wintry Engineering and Chemicals Private Limited, Nandtex Dyeing and Printing Mills Private Limited, Balaji Tex Knitting Manufacturing Company Private Limited, Arcot Media Private Limited, and 3I Ventures Private Limited.