Board of Directors

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

Mr. Hemant Luthra


Mr. Luthra is the Chairman of the Board of the Company.
He graduated from IIT – Delhi and is a alumni of the Advanced Management Program from Harvard Business School.

Mr. Luthra joined Mahindra & Mahindra in 2001 as Executive Vice President – Corporate Strategy and took over as a President of Systech in 2004. As President of Mahindra Systech he has been instrumental in creating three new businesses (i) Engineering Services (ii) Aerospace and (iii) Auto Components which have a global presence across Australia, Brazil, Mexico, Spain, Germany, Italy and Japan. The Auto component startup has morphed into Mahindra CIE Automotive Limited.

He has a 35 Year track record of strategic and operating experience in creating, building and scaling up Businesses and has held CXO positions Finance, Operations Business Development and Private Equity. He started his career with IBM where he worked for 8 years in India and Singapore. Thereafter he worked with the Thapar Group with interests in Paper, Chemicals & Engineering for 18 years, first as CFO and later as COO.

Subsequently, he founded a Private Equity fund for the ING Group where he led the investment team for two years before returning to operations as the CEO of Essar Telecom. At Essar Telecom he helped engineer a lucrative merger of the business with Hutchison.

Mr. Luthra has also served on several Boards and is an Advisor to Clayton, Dubilier & Rice a leading PE Fund based in New York.
On personal front he is a keen Sportsman and supports select charities.


Mr. Ander Arenaza Álvarez

Executive Director

Mr. Ander Arenaza Álvarez has extensive experience in the automotive sector and has in the past held important responsibilities within the CIE Automotive Group across several key locations worldwide. He has been working with CIE Automotive Group for 10 years and managed the machining and aluminium divisions. He graduated Industrial Engineering (at the Superior Engineering School of Bilbao) and is a MBA at the Deusto University (Bilbao). He has developed his professional career in the automotive sector, where he has performed different roles with an international footprint. His role as an Executive Director of the Company is to oversee the Company’s Business in India and Europe.


Mr. Romesh Kaul

Executive Director

Mr. Kaul joined Mahindra & Mahindra in 2004 as Head of Projects for Systech Sector (then MSAT) and executed several new projects in the Sector that were growing. In 2005 Mr. Kaul was appointed the Director of Mahindra Forgings Limited where one of his key contributions was commissioning the Greenfield Machining Operations at Mahindra Forgings in 2006. In 2008, Mr. Kaul took over responsibility as Global CEO of the Gears Vertical (India and Italy Operations) in Systech and was the Global Chief Executive Officer, Gears Business. In 2010, he was inducted into the Group Executive Board of the Mahindra Group. In 2012, Mr. Kaul was also appointed as the Executive Director of Mahindra Composites Limited.

In 2016, after successfully establishing the gears business and nurturing the next level of leadership within the business, Mr. Kaul took over the enhanced responsibility of the Stampings Division of Mahindra CIE. In 2017, Mr. Kaul took over the enhanced responsibility of Forgings Division of Mahindra CIE.

Mr. Kaul was the university topper in Mechanical Engineering from NIT Srinagar, after which he did his post-graduation from IIT, Delhi. He has had a rich and diverse career spanning 35 years of experience including at Crompton Greaves, Eicher Group, Stanley International Holdings, Carraro India, Whirlpool & Electrolux Kelvinator in Operations and Consulting.


Mr. Daljit Mirchandani

Independent Director

Mr. Daljit Mirchandani, born in Karachi on October 26th 1947, is a Graduate Engineer from Birla Institute of Technology.

Beginning his career in 1971 as Graduate Trainee Engineer, in 1992 he rose to the position of Executive Director in Kirloskar Oil Engines, the flagship company of the Kirloskar Group. In 1998 he joined Ingersoll-Rand India as the Chairman and Managing Director and retired in 2008.

In 2007 was nominated by the CII to be the Chairman of the Task Force formed by the Ministry of Agriculture, to examine and recommend policy interventions and set technical standards for the formation of the Cold Chain Infrastructure in India for Fresh Fruits and Vegetables. The Ministry of Agriculture has since then implemented many of these standards.
Presently he is working on the development of a frugal and scalable primary education model for a holistic development of the underprivileged children in India.

Mr. Mirchandani serves on the advisory and statutory Board of various Companies in the space of Industrial Bio Technology, Infrastructure Development, Infrastructure Finance, Auto components and Energy Management.


Mr. Jesus Maria Herrera Barandiaran


Mr. Jesus Maria has University Degree in Economy. He is expert in internationalisation. He joined CIE Automotive in 1995. He is Managing Director of the America division and then became CEO of the CIE Automotive Group in 2013.


Mr. Manoj Maheshwari

Independent Director

Mr. Manoj Maheshwari is 51 years of age and is a second-generation entrepreneur with interests in the Information Technology, Marketing and Chemical industries. He is a graduate from the Bombay University with a major in Chemistry and has done his post graduation in Industrial Management. Mr. Maheshwari's work experience encompasses the project management, production, marketing, financial and general management areas of medium sized companies.

He is on the Board of directors of a number of public and private companies like, Ador Welding Ltd., MIRC Electronics Ltd., Aurovision Pvt. Ltd., RPG Life Sciences Ltd., Mahindra Ugine Steel Company Limited etc., to name few, as an Executive and independent non-executive director and brings a judicious mix of entrepreneurial and professional skills to the various Boards that he serves on.


Mr. Dhananjay Mungale

Independent Director

Mr. Dhananjay Mungale is Chartered Accountant and a law graduate, has spent the major part of his career in corporate and investment banking in India and Europe with Bank of America and DSP Merrill Lynch Limited. He is presently acting as advisor to select corporations in India and in Europe.

Presently he is Director of Mahindra and Mahindra Financial Services Limited, Mahindra Composites Limited, Mentor Technologies Private Limited, I-nestor Advisors Pvt. Ltd., Snowcem Paints Pvt. Ltd., J. P. Morgan Asset Management India Pvt. Ltd., LICHFL Trustee Company Pvt. Ltd., Lavgan Dockyard Pvt. Ltd., Chowgule Steamships Ltd., Kalpataru Ltd., National Organic Chemical Industries Limited, Tamilnadu Petroproducts Ltd. Samson Maritime Ltd., L&T Infra Investment Partners Advisory Private Limited and IL&FS Engineering and Construction Company Limited.


Mr. Zhooben Bhiwandiwala


Zhooben began his career with Mahindra in 1985. He has dedicated a remarkable 26 years to the Mahindra Group, acquiring wide cross-functional experience across several sectors and playing an active part in finance, legal, HR, marketing, strategy, and other commercial functions. Apart from overseeing the Group's legal division, Zhooben also manages Mahindra Partners, a diversified division that oversees new businesses within the Group. Currently, these businesses include Steel Trading and Services, Logistics, Retail, Solar Energy, and Conveyor Systems.

Zhooben received his Commerce degree from H.R. College, Mumbai and is a certified Chartered Accountant.

Before joining Mahindra, Zhooben spent two years with S.B. Billimoria & Co, Chartered Accountants. Before taking up his role with Mahindra Partners, Zhooben served as Senior Vice President of Corporate Affairs at Mahindra & Mahindra.


Mr. Suhail Nathani

Independent Director

Suhail Nathani is a co-founding partner at Economic Laws Practice (ELP).

Suhail is actively involved with International Trade & Customs, Competition Law & Policy and Corporate Commercial practices of the firm. He has appeared for the Government of India before the WTO Panel and Appellate Body in Geneva, has represented the Competition Commission of India and the Securities and Exchange Board of India at the Supreme Court and various other courts in India.

He earned his Master’s Degree at Cambridge University, England and has also received an LL.M. from Duke University, USA. Besides India, he is also admitted to the New York Bar.

Suhail is widely recognised by global publications as a leading lawyer in his fields of practice.


Mr. Shriprakash Shukla


Mr. Shukla is a non-executive director on the Board of the Company.
He 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. He 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 regular invitee to speak at reputed academic and Industry forums.


Ms. Neelam Deo

Independent Director

A distinguished diplomat, Ms. Neelam Deo has been the Indian Ambassador to Denmark and Ivory Coast with concurrent accreditation to several West African countries. She has also served in Indian embassies in Washington D.C., Bangkok and Rome. Her last assignment was as Consul General in New York. Her most challenging mission was liaising with the U.S. congress on strategic issues in Washington DC. During her assignments in the Ministry of External Affairs, she was Joint Secretary for Bangladesh, Sri Lanka, Myanmar and the Maldives. At different times she has been on the desk for South East Asia and the Pacific, the Middle East and North Africa and Bhutan. Ambassador Deo has a Master's degree from the Delhi School of Economics.

Ms. Neelam Deo is currently on the board of Breakthrough (a human rights organization), Oxfam India. She writes for several mainstream publications, and is an occasional commentator for mainstream television news channels.


Mr. Juan Maria Bilbao

Independent Director

Mr. Juan Maria Bilbao is a graduate on Economy and Business Administration of the Deusto (Bilbao) University, Bilbao. He has over forty years of experience in the Business and Economic area. Over the years has gained practical experience working in enterprises such a Graver Española S.A. (Bilbao) and Didier Técnicas S.A. Since 1992 and until 2012 he has been responsible for the administrative and financial department of the Spanish subsidiary of the Beroa Group. Mr. Juan Maria Bilbao has a valuable international profile as he holds a proficient experience in multinational companies and profits from a good knowledge of German language and good communication skills on both French and English.



1. Audit Committee

Sr. No. Name of the Members Category Committee position held
1 Mr. Daljit Mirchandani Independent Director Chairman
2 Mr. Juan Maria Bilbao Ugarriza Independent Director Member
3 Mr. Manoj Maheshwari Independent Director Member
4 Mr. Dhananjay Mungale Independent Director Member

2. Nomination and Remuneration Committee

Sr. No. Name of the Members Category Committee position
1 Mr. Manoj Maheshwari Independent Director Chairman
2 Mr. Daljit Mirchandani Independent Director Member
3 Mr. Jesus Maria Herrera Barandiaran Non-Independent & Non Executive Director Member
4 Mr. Hemant Luthra Non-Independent & Non Executive Director Member

3. Corporate Social Responsibility Committee

Sr. No. Name of the Members Category Committee position
1 Mr. Daljit Mirchandani Independent Director Chairman
2 Mr. Dhananjay Mungale Independent Director Member
3 Mr. Hemant Luthra Non-Independent & Non Executive Director Member

4. Stakeholders’ Relationship Committee

Sr. No. Name of the Members Category Committee position
1 Mr. Dhananjay Mungale Independent Director Chairman
2 Mr. Daljit Mirchandani Independent Director Member
3 Mr. Hemant Luthra Non-Independent & Non Executive Director Member

5. Allotment Committee

Sr. No. Name of the Members Category Committee position
1 Mr. Daljit Mirchandani Independent Director Chairman
2 Mr. Dhananjay Mungale Independent Director Member

6. Risk Management Committee

Sr. No. Name of the Members Category Committee position
1 Mr. Romesh Kaul Executive Director Chairman
2 Mr. Ander Arenaza Executive Director Member
3 Mr. Manoj Menon Chief Executive Officer Member

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