Board of Directors

We are committed to transparency and integrity in all our business activities.

Mr. Shriprakash Shukla

Chairman (Non – Executive Director)

Mr. Shukla, 59, holds degree in Bachelor’s of Technology (B. Tech) and Master in Business Administration.

Mr. Shukla is a Member of the Group Executive Board of Mahindra and Mahindra Limited and as President is responsible for Group Strategy and the Defence Sector. He is also the Chief Brand Officer for the Mahindra Group. Mr. Shukla has over 38 years of rich, varied experience in managing large projects & operations. He has been a top professional in the field of Automotive Tyres and Information & Communication Technology (ICT) sectors in India. Also, he is widely credited with taking mobile telephony to the masses by setting-up telecom infrastructure in the remotest parts of India.

Mr. Shukla is recipient of several awards in his field and is regularly invitee to speak at reputed academic and Industry forums.

 
 

Mr. Ander Arenaza Álvarez

Executive Director and CEO - MCIE Group

Mr. Arenaza, 51, holds degree in Industrial Engineering (Industrial Engineering School of Bilbao) and a master’s in business administration (MBA) from Deusto University (Bilbao). Mr. Arenaza has more than 25 years experience in the automotive sector and, prior joining CIE Automotive in 2007, he held relevant positions in different automotive companies. Within CIE Automotive Group, Mr. Arenaza has led Machining and Aluminum HPDC Divisions worldwide with an extensive international development. In 2016, he was appointed as CEO of MCIE Group and Executive Director of the Company.

 
 

Mr. Manoj Mullassery Menon

Executive Director and CEO – Foundry, MPD, Stampings, Composites and Gears Divisions.

Mr. Manoj Mullassery Menon was the Executive Director and CEO of Mahindra Gears and Transmissions Private Limited (MGTPL), the erstwhile wholly owned subsidiary of the Company. Mr. Manoj Mullassery Menon, 51 years, is B. Tech in Production Engineering from National Institute of Technology, Calicut and has a Masters in Management Studies from Symbiosis Institute of Business Management. Mr. Menon has an experience of more than 29 years from setting up green field projects to heading operations and strategy. In 2017 Mr. Menon took over the Foundry and Magnetics products division of the Company as CEO in addition to his responsibility in the Gears Division.

 
 

Mr. Anil Haridass

Executive Director

Mr. Anil Haridass, 61, has more than thirty five years of experience in the automotive segment with setting up Bill Forge Private Limited (Bill Forge) in 1982 (a wholly-owned subsidiary of the Company now merged with the Company). He has been with the company from its very inception and under his leadership, Bill Forge witnessed sustained growth and stood at a size of USD 105 million with nine plants across India.

Mr. Haridass was primarily involved with the marketing and new product development footprint of the company. Bill Forge served more than 50 customers within India and overseas including the US, Mexico, Europe, Asia and Japan. He has also been actively involved with bodies such as the Automotive Component Manufacturers Association of India, Association of Indian Forging Industry and the International Cold Forging Group.

Mr. Haridass is a graduate in Metallurgical Engineering from PSG College of Technology, University of Madras.

 

Mr. Jesus Maria Herrera Barandiaran

Non – Executive Director

Mr. Herrera, 52, received a University Degree in Economics. Mr. Herrera is expert in internationalization. He joined CIE Automotive in 1995. He was Managing Director of the America division and then became CEO of the CIE Automotive Group in 2013.

 
 
 

Mr. Zhooben Dossabhoy Bhiwandiwala

Non - Executive Director

Mr. Bhiwandiwala, 59, received his commerce degree from H.R. College, Mumbai. He is a certified Chartered Accountant as well

Mr. Bhiwandiwala began his career with Mahindra and Mahindra Limited in 1985 where he also served as senior vice president of corporate affairs at Mahindra and Mahindra Limited. He has worked for 31 years with the Mahindra group, acquiring wide cross-functional experience across several sectors and playing an active part in finance, legal, human resource, marketing, strategy, and other commercial functions.

 
 
 

Mr. Dhananjay Narendra Mungale

Independent Director

Mr. Mungale, 66, is a member of the Institute of Chartered Accountants of India and has a Bachelor's Degree in Commerce and Law from Mumbai University. He has spent a major part of his career in corporate and investment banking in India and Europe. He was Vice President – Private Banking, Bank of America and was a Member – Executive Committee, DSP Merrill Lynch Limited. Presently, he is an advisor to various corporations in both, India and Europe. He has been elected on boards of various public and private limited companies. He is a Member of the National Committee of Mahindra United World College.

 
 

Mr. Manojkumar Madangopal Maheshwari

Independent Director

Mr. Maheshwari, 61, is a graduate from Bombay University. He is a second-generation entrepreneur and his work experience encompasses the project management, production, marketing, financial and general management areas of medium sized companies. He is also an active angel investor and venture capitalist.

 
 

Mr. Suhail Amin Nathani

Independent Director

Mr. Nathani, 54, holds a Master’s Degree at Cambridge University, England and has also received an LL.M. from Duke University, USA. Apart from India, he is also admitted to the State Bar of New York.

Mr. Nathani is the Managing Partner of Economic Laws Practice (ELP) a leading law firm in India. With over 25 years of experience, he has advised clients on transactional and advisory aspects of private equity investments, mergers & acquisitions, joint ventures, strategic alliances and corporate restructuring across multiple sectors. He regularly advises Indian and multi-national companies on cross border transactions, foreign direct investments and commercial contracts. He has advised listed as well as unlisted companies and intermediaries on various aspects relating to Indian securities laws.

Mr. Nathani has been widely recognised as a leading lawyer in India by several publications such as Chambers, Asia Legal 500, Who’s Who Legal. He is an Honorary Adjunct Professor at the Jindal Global Law School and a member of the Apex Advisory Board at Adani Institute of Infrastructure Management. He is on the Government of Maharashtra’s Panel for Task Force on review & amendment of laws related to charitable trusts in Maharashtra.

 
 

Mr. Alan Savio D'Silva Picardo

Independent Director

Mr. D’Silva, 60, is a Chartered Accountant from the Institute of Chartered Accountant, England & Wales (ICAEW) and the Spanish Institute of Auditors (ICJCE). He has also completed his Bachelor’s in Commerce (Hons) from the University of Mumbai (Sydenham College) and Brighton Polytechnic (University of Sussex).

Mr. D’Silva had been working with Pricewaterhouse Cooper (PwC) for over 30 years as a Senior

Partner and retired from PwC in 2014.

During his tenure in the firm he took on various roles and responsibilities both at national and International level.

At the International level he had vital Roles as Member of the Global Audit Policy Board (GAPB), Member of the Global Audit Reporting Panel (GARP), Chairman of the GAPB – Xentsible Business Reporting Language (XBRL) Assurance Working Group, PwC Assurance Leader for the Technology, Telecommunication, Entertainment & Media Sector, Member of the Global XBRL Working Group, Member of PwC FPI (Foreign Private Issuers) Partner Group, Member of the PwC SecLitigation Group and Co-leader of India Desk PwC.

At PwC Spain he was Partner in charge of India Desk in Spain, he was also Territory Leader for InfoComm sector in Spain, Chairman of the PCAOB Task Force in Spain, Territory Leader and coordinator for Sarbanes Oxley engagements and FPI’s, Responsible for Strategic and Change Management in the Assurance division, Member of the Innovation Group and Genesis Park Territory leader for SecLitigation coordination.

In 1990, he was responsible for opening the regional office in Zaragoza and in charge until 1997 of the Ebro Region consisting of 3 offices Zaragoza, Logroño and Pamplona Assigned GRP (Global Relationship Partner) role on significant client accounts.

Since retiring from PwC in 2014 in new phase of his professional career he is freelancing as a trusted business advisor to corporates, SME’s and family owned businesses putting his vast experience and knowledge in helping them to achieve sustainable growth through internationalization, diversification, business development and digital transformation. Besides

being an advisor, he is also an entrepreneur in the technological and agricultural sector.

He is the Founder Member of the Spain-India Foundation (a Spanish Foreign Ministry Institution). He was Vice President of the Chamber of Commerce & Tourism of India in Spain. He was also responsible for launching the XBRL jurisdiction in Spain along with the Bank of Spain and AECA (an association of accountants & auditors in Spain) and was President of the XBRL Accountancy Commission.

He also participates actively in various national & international conferences, seminars, radio & press interviews and written articles to promote bilateral trade relations between Spain and India.

 
 

Mr. Kadambi Narahari

Independent Director

Mr. Narahari, 66, has completed his Bachelor’s in Commerce and Senior Diploma in French. He also holds Post-Graduate Diploma in International Trade from IIFT - New Delhi. He holds degree in Bachelor’s of Technology (B. Tech) and Master in Business Administration.

Mr. Narahari has extensive experience in the field of banking and finance. He has also helped conceptualize a green field IT JV between SBI & TCS offering an ASP service for small banks (core banking and allied solutions on a totally outsourced model).

He started his career as a Probationary Officer at State Bank of India in 1977. He was later positioned in Colombo, Sri Lanka as Vice President-Credit and Operations of the bank. In the year 2004 he was part of a team of banking professionals who conceptualized the IT joint venture between SBI and TCS at the SBI GLOBAL IT CENTRE. He was also involved in conceptualizing the largest Service Desk in the Bank, as part of the Core Banking Project, which involved migrating all the branches of the Bank onto a single platform. In the year 2006 he was designated as the Vice-president of C-Edge Technologies Pvt Ltd. which was the green field IT joint venture between SBI and TCS. He was primarily involved in defining the ASP platform for the Core Banking Solution for RRBs and Co-op Banks. Today, all the RRBs of SBI have migrated to the platform. Along with UCBs and DCCBs, the total number of branches supported on the platform is more than 10,500. In the year 2009 he was appointed as Chief Financial Officer of SBI Cards and Payment Services Ltd. (a JV between SBI & GE Capital). He was responsible for financial management of the company and raising resources from a consortium of Banks and from the CP market. His contribution was mainly in the turn- around of the company by helping to define a revised credit policy that resulted in lower delinquencies and growing the business in a sustainable manner. In the year 2010 he was promoted as Chief Executive Officer of SBI Cards and Payment Services Ltd. and retired in the year 2012.

Post his retirement he again served as Vice-President of Cedge Technologies Ltd, where he looked after Corporate Strategy, Planning & Governance till 2017.

 
 

Mrs. Roxana Meda Inoriza

Independent Director

Mrs. Meda, 59, holds degree in Economics and Business Studies from the Universidad del País Vasco (Spain), she is also member of the Instituto de Auditores Censores de Cuentas Chartered Accountant) since1988 and member of the Registro Oficial de Auditores de Cuentas (ROAC) (Official Register of Auditors - Spain).

She started her career with PricewaterhouseCoopers in 1982 as auditor, then over the period of 20 years she held different positions in PwC. She was Responsible for Resource Planning in the Bilbao office (1990-1992), Audit Manager in charge of the Price Waterhouse Pamplona office (1992-1996) and later as Director of Audit and Business Advisory Services (1996-2002) where she was responsible at national level for the Department of Professional Risk Control (Risk Management & Quality) and Director of Quality Assurance of the Audit División of PricewaterhouseCoopers

In the year 2002 she joined Acciona Energía, SA (Pamplona) as Managing Director of EHN Green Energy Developments (2002-2003). She was associated with Acciona Energía till June 2010 and held different positions during her tenure. She was Director of Central Services of EHN- Acciona Energía (2003-2007), Deputy Director to the General Management of Acciona Energía (2007-2008) and Director of Management Control of Investee Companies of Acciona Energía (2008-2010). During 2010-2012 she was a Director of Corporate Development and Control of New Businesses of Fluitecnik, SA (Pamplona).

 

Committees

1. Audit Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Dhananjay Narendra Mungale Independent Director Chairman
2 Mr. Manojkumar Madangopal Maheshwari Independent Director Member
3 Mrs. Roxana Meda Inoriza Independent Director Member
4 Mr. Alan Savio D Silva Picardo Independent Director Member


2. Nomination and Remuneration Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Manojkumar Madangopal Maheshwari Independent Director Chairman
2 Mr. Alan Savio D Silva Picardo Independent Director Member
3 Mr. Jesús María Herrera Barandiaran Non-Executive Director Member
4 Mr. Shriprakash Shukla Non-Executive Director Member


3. Stakeholders’ Relationship Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Kadambi Narahari Independent Director Chairman
2 Mr. Dhananjay Narendra Mungale Independent Director Member
3 Mr. Suhail Amin Nathani Independent Director Member


4. Corporate Social Responsibility Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Kadambi Narahari Independent Director Chairman
2 Mr. Dhananjay Narendra Mungale Independent Director Member
3 Mr. Manoj Mullassary Menon Executive Director Member
4 Mr. Anil Haridass Executive Director Member


5. Allotment Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Kadambi Narahari Independent Director Chairman
2 Mr. Dhananjay Narendra Mungale Independent Director Member
3 Mr. Suhail Amin Nathani Independent Director Member


6. Risk Management Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Manoj Mullassery Menon Executive Director Chairman
2 Mr. Ander Arenaza Alvarez Executive Director Member
3 Mr. Hari Krishnan Chief Executive Officer – Forgings and Bill Forge Division Member


Whistle Blower

The Whistle Blower mechanism provides a secured framework through which Directors, Employees and their representative bodies and all stakeholders of the Company can voice their concerns about suspected unethical or improper practice or violation of Code of Conduct or complaints including but not limited to fraudulent accounting, auditing or disclosure practices of the Company. The mechanism also provides adequate safeguards against victimization of persons who use this mechanism and make provision for direct access to the Chairperson of the Audit Committee.

Through this mechanism all stakeholders of the Company can approach the Chief Ethics Officer of the Company or the Chairperson of the Audit Committee or utilize ‘Ethical Channels’ enabled for all group companies of CIE Automotive, S.A. to voice their concerns as mentioned above.

Please click here to view the Whistle Blower Policy of the Company and contact details of the Chief Ethics Officer and the Chairperson of the Audit Committee.

Please click here to view the details of the ‘Ethical Channels’ enabled for all group companies of CIE Automotive, S.A.