Board of Directors

Independent Directors

Dr. Thomas Mathew

Independent Director
Dr. Thomas Mathew, IAS (Retd., 1983 batch), is a distinguished governance professional with a long career spanning the Ministries of Finance, Defence, and Industry, where he contributed to national policy-making and strategic administration. He is also an acclaimed author and biographer of Ratan Tata, having written the authorized biography Ratan N. Tata: A Life, based on privileged access to Tata’s archives, letters, and interviews—reflecting his commitment to factual accuracy and research integrity. Holding a Ph.D. in International Relations from JNU and an LL.B from the University of Delhi, he is recognized for his work as a defence analyst, corporate strategist, and thought leader. His multi-domain exposure to public governance, corporate leadership, and institutional processes strengthens the board’s overall compliance consciousness, strategic oversight, and policy alignment.

Mr. Devender Kumar Garg

Independent Director

Mr. Devender Kumar Garg brings over 40 years of comprehensive banking experience, including his tenure as Chief General Manager of Bank of Baroda, where he oversaw 425 branches, an ₹80,000+ crore portfolio, and a ₹14,000 crore corporate credit book. His roles have included MD & CEO of BOBCARDS Ltd, CEO of Bank of Baroda’s Australia operations (Sydney), Head of Kenya Operations, and leadership of high-performing Indian regions such as South Mumbai and Bihar–Odisha–Jharkhand. He has driven major initiatives in credit growth, NPA resolution, securitisation, asset reconstruction, and third-party product expansion. A Limca Book National Award recipient for supervising the highest number of branch openings in a day in UP, he has represented the bank in six international markets for strategic assignments. His governance experience extends to directorships in Baroda UP Gramin Bank, Aditya ARC, and MCX–IGRC, and he currently serves as Whole-time Director at Zomato Financial Services Ltd. His background ensures strong oversight in financial governance, risk management, and regulatory compliance.

Ravi Kumar Gupta

Dr. Ravi Kumar Gupta

Independent Director
Dr. Ravi Kumar Gupta is an accomplished academician with 26+ years across teaching, research, institutional administration, and quality-assurance leadership. He holds a Ph.D. in Commerce, postgraduate distinction in Finance & Control, and multiple qualifications including MIB (Gold Medal), M.Com, PGDCA, and CIC. Having published 140+ research papers and guided numerous M.Phil and Ph.D. scholars, he has also chaired and presented at over 150 conferences. Dr. Gupta has held pivotal positions such as Founder Director of PGDM and Hotel Management institutions, Founder Head of Management Studies, and Dean/Director in various universities, including Maharaja Agrasen University (HP). His work in NBA-AICTE accreditation, NIRF frameworks, ISO certification audits, and academic governance contributes significantly to transparent, system-driven processes. His operational understanding of academic institutions brings rigorous process discipline, structured documentation, and methodical governance alignment to the board.
Mrs. Ila Gupta ​

Mrs. Ila Gupta

Independent Director
Mrs. Ila Gupta is an experienced professional with strong credentials in administration, crisis management, risk mitigation, and multi-disciplinary problem-solving across corporate consulting, education, and engineering domains. With a B.Tech (Electronics & Communication Engineering, Honours) and LL.B, she has held leadership, advisory, and senior consulting roles addressing administrative, legal, financial, and technical challenges. Her cross-sector exposure enhances the organisation’s ability to foresee operational risks, manage emergencies, and maintain governance standards. Her background supports institutional resilience, process compliance, and holistic oversight across departments.

Executive & Non-Executive Leadership

Vikas Garg

Dr. Vikas Garg

Vice Chairman & Executive Director
Dr. Vikas Garg is a seasoned business leader with over 25 years of multifaceted experience across Business Marketing, Strategic Planning, Financial Management, and the Chemicals sector. Holding a Ph.D. in Business Administration, he has been instrumental in transforming the group from its traditional base in polymer compounds and specialty chemical additives to a diversified portfolio of emerging-age ventures. Throughout this transition, Dr. Garg has maintained a strong emphasis on governance discipline, regulatory compliance, and ethical business conduct. His strategic direction continues to anchor the group’s commitment to transparent operations while driving innovation, sustainable growth, and disciplined expansion into new markets.

Mr. Karan Bagga

Executive Director
Mr. Karan Bagga has 26+ years across corporate and institutional banking, debt capital markets, structured funding, equity placements, and government banking. He has worked with Yes Bank, IDFC, and major public and private banks/NBFCs/DFIs, handling corporate relationships, project appraisal, mezzanine financing, IBC advisory, and syndicated finance. His experience in raising funds via bonds, QIB placements, SWAP-embedded debentures, and ECBs, along with longstanding interactions with RBI, SEBI, stock exchanges, and credit rating agencies, positions him as a strong anchor for financial governance. He has also managed institutional relationships with NBFCs and stockbrokers, giving him deep insight into regulatory compliance, risk controls, and structured financial operations.
Arun Batra

Mr. Arun Batra

Executive Director (Operations)
Mr. Arun Batra is a strategic business leader with 35+ years across Telecom, Fintech, IT, Services, and Media Distribution, driving large-scale business growth, turnarounds, and operational transformation. His portfolio includes roles such as CEO of multiple organisations, Business Consultant for start-ups, COO of a mobile wallet platform, and Founder & CEO of telecom solutions companies. His leadership track includes senior positions like CEO (Matrix Cellular), CEO Kolkata (Reliance Communications), Country Head (Bright Star Telecom, US), COO (Zee Network), and Chief – Business Operations (Hutch/Vodafone). With an MBA from IMT Ghaziabad and a strong commercial background from Hindu College, he brings deep operational-governance expertise, regulatory-aware execution capability, and a proven ability to scale businesses sustainably and compliantly.

Mr. Ashish Jaitly

Non-Executive Director
Mr. Ashish Jaitly is a strategic business leader with 30+ years across telecom and insurance, specialising in business turnarounds, revenue growth, and operational transformation. Having held senior roles at Max Life Insurance, Kotak Life, and Bajaj Allianz, he has led high-growth initiatives, executed complex strategies, and built high-performance teams. His background blends strategic planning, market expansion, innovation-led product development, and compliance-driven operational execution, reinforcing governance discipline and commercial integrity within the organisation.

Ms. Bhawna Sharma

Whole-Time Director

Ms. Bhawna Sharma is a dynamic leader with extensive experience in driving operational excellence, organisational efficiency, and execution-led strategy. Known for her decisive leadership, analytical approach, and process-driven mindset, she has led initiatives improving performance, resource utilisation, and cross-functional coordination. She holds an MBA in Finance. Her deep understanding of internal operations helps institutionalise compliance adherence, governance protocols, and structured implementation of organisational priorities.

Key Managerial Personnel

Mr. Chaganti Samba Murty

Chief Financial Officer
Mr. Chaganti Samba Murty is a veteran banking executive with 39 years in SBI, with expertise spanning credit risk, financial governance, branch operations, and portfolio management across industries such as Manufacturing, Real Estate, Textiles, Pharma, and Automobiles. He is credited with setting up the Credit Risk Review Department at SBI Ahmedabad and supervising hundreds of credit proposals annually. His academic background includes an MBA (Finance), B.Sc. (Physics), and CAIIB certifications. His deep experience ensures robust credit appraisal, adherence to regulatory norms, AML/CFT compliance, and strong financial controls for the organisation.

Ombudsman

Hon’ble Justice (Retd.) Dr. Satish Chandra

Hon’ble Justice (Retd.) Dr. Satish Chandra

Ombudsman

Justice (Retd.) Dr. Satish Chandra, former Judge of the Allahabad High Court and recipient of the Chancellor’s Medal in Law, is an eminent legal authority with extensive experience in judicial review, arbitration, and regulatory interpretation. He currently serves as Review Authority for the National Investigation Agency (NIA) and advises multiple banks, PSUs, and financial institutions, including SBI and Canara Bank committees. With 15 authored books and 35+ research papers, he brings deep legal rigor, adjudication expertise, and governance insight, significantly strengthening institutional accountability and dispute-resolution mechanisms.

Advisory Board Member

Mr. Karnal Singh

Advisory Board Member
Mr. Karnal Singh, former Chief of the Enforcement Directorate (ED) and retired IPS officer, is one of India’s most respected experts on money laundering, economic offences, financial fraud, and regulatory enforcement. Over three decades, he led major PMLA and FEMA investigations, represented India before FATF and Interpol, and modernised investigative processes. Now Chairman & Managing Partner at Circle of Counsels, he advises on AML, anti-corruption, white-collar defence, and governance frameworks. His unparalleled enforcement experience significantly enhances the firm’s vigilance posture and compliance strength.
T M Bhasin

Dr. T. M. Bhasin

Advisory Board Member
Dr. T. M. Bhasin, Chairman of the Advisory Board for Banking & Financial Frauds (ABBFF) under the CVC and former Vigilance Commissioner, is a leading authority on banking fraud strategy, risk management, and vigilance systems. Earlier, he served as CMD of Indian Bank and has contributed extensively to investigative frameworks, fraud evaluation, and financial-sector reforms. His doctoral research contributed to the Jan Dhan Yojana framework. His expertise significantly strengthens fraud-risk governance and institutional vigilance.

Mr. G. N. Bajpai

Advisory Board Member

Mr. G. N. Bajpai, former Chairman of SEBI and LIC, is one of India’s most influential figures in financial governance, market regulation, and institutional reform. He has served on boards of major corporates such as ICICI Bank, Axis Bank, Tata Chemicals, and Jindal Steel, and has chaired international bodies including IOSCO’s Corporate Governance Task Force. A noted academic and author, he has lectured globally at institutions such as LSE and Harvard. His leadership ensures world-class standards in regulatory alignment, market integrity, and governance discipline.

Girish Ahuja

Dr. Girish Ahuja

Advisory Board Member
Dr. Girish Ahuja is a leading taxation expert, academic, author, and policy advisor with over 35 years of experience. A Fellow of ICAI and a Ph.D. from FMS (Delhi University), he has authored 20+ landmark books on direct tax law and serves on several high-level committees, including a Ministry of Finance task force to reform direct tax legislation. A former non-official director on SBI’s Board and contributor to ICAI and ICSI committees, he brings deep insight into statutory compliance, tax governance, and regulatory interpretation.
Ashok Kumar Mehta

Mr. Ashok Kumar Mehta

Advisory Board Member

Mr. Ashok Kumar Mehta, a senior IRS officer (1987 batch), has served as Chief and Principal Chief Commissioner for GST, Central Excise, and Customs across major zones. He spearheaded data-analytic reforms, including setting up a Data Analytic Center for revenue monitoring and leakage prevention. Known for negotiation and strategic planning, he has also served as Private Secretary to the President of India. His deep command of indirect tax, regulatory systems, and policy execution strengthens compliance and risk-governance frameworks.

Neelkant Bakshi

Mr. Neelkant Bakshi

Advisory Board Member

Mr. Neelkant Bakshi is a specialist in supply-chain management and large-scale logistics systems. With an MBA in Marketing & International Business and over two decades of experience integrating advanced global technologies into India’s supply networks, he has led major collaborations to modernize storage, distribution, and end-to-end supply-chain processes. His work strengthens operational compliance, standards-driven workflows, and the governance of critical supply-chain infrastructure.

Dr. Thomas Mathew

Independent Director
Dr. Thomas Mathew, IAS (Retd., 1983 batch), is a distinguished governance professional with a long career spanning the Ministries of Finance, Defence, and Industry, where he contributed to national policy-making and strategic administration. He is also an acclaimed author and biographer of Ratan Tata, having written the authorized biography Ratan N. Tata: A Life, based on privileged access to Tata’s archives, letters, and interviews—reflecting his commitment to factual accuracy and research integrity. Holding a Ph.D. in International Relations from JNU and an LL.B from the University of Delhi, he is recognized for his work as a defence analyst, corporate strategist, and thought leader. His multi-domain exposure to public governance, corporate leadership, and institutional processes strengthens the board’s overall compliance consciousness, strategic oversight, and policy alignment.

Mr. Devender Kumar Garg

Independent Director

Mr. Devender Kumar Garg brings over 40 years of comprehensive banking experience, including his tenure as Chief General Manager of Bank of Baroda, where he oversaw 425 branches, an ₹80,000+ crore portfolio, and a ₹14,000 crore corporate credit book. His roles have included MD & CEO of BOBCARDS Ltd, CEO of Bank of Baroda’s Australia operations (Sydney), Head of Kenya Operations, and leadership of high-performing Indian regions such as South Mumbai and Bihar–Odisha–Jharkhand. He has driven major initiatives in credit growth, NPA resolution, securitisation, asset reconstruction, and third-party product expansion. A Limca Book National Award recipient for supervising the highest number of branch openings in a day in UP, he has represented the bank in six international markets for strategic assignments. His governance experience extends to directorships in Baroda UP Gramin Bank, Aditya ARC, and MCX–IGRC, and he currently serves as Whole-time Director at Zomato Financial Services Ltd. His background ensures strong oversight in financial governance, risk management, and regulatory compliance.

Ravi Kumar Gupta

Dr. Ravi Kumar Gupta

Independent Director
Dr. Ravi Kumar Gupta is an accomplished academician with 26+ years across teaching, research, institutional administration, and quality-assurance leadership. He holds a Ph.D. in Commerce, postgraduate distinction in Finance & Control, and multiple qualifications including MIB (Gold Medal), M.Com, PGDCA, and CIC. Having published 140+ research papers and guided numerous M.Phil and Ph.D. scholars, he has also chaired and presented at over 150 conferences. Dr. Gupta has held pivotal positions such as Founder Director of PGDM and Hotel Management institutions, Founder Head of Management Studies, and Dean/Director in various universities, including Maharaja Agrasen University (HP). His work in NBA-AICTE accreditation, NIRF frameworks, ISO certification audits, and academic governance contributes significantly to transparent, system-driven processes. His operational understanding of academic institutions brings rigorous process discipline, structured documentation, and methodical governance alignment to the board.
Mrs. Ila Gupta ​

Mrs. Ila Gupta

Independent Director
Mrs. Ila Gupta is an experienced professional with strong credentials in administration, crisis management, risk mitigation, and multi-disciplinary problem-solving across corporate consulting, education, and engineering domains. With a B.Tech (Electronics & Communication Engineering, Honours) and LL.B, she has held leadership, advisory, and senior consulting roles addressing administrative, legal, financial, and technical challenges. Her cross-sector exposure enhances the organisation’s ability to foresee operational risks, manage emergencies, and maintain governance standards. Her background supports institutional resilience, process compliance, and holistic oversight across departments.
Vikas Garg

Dr. Vikas Garg

Vice Chairman & Executive Director
Dr. Vikas Garg is a seasoned business leader with over 25 years of multifaceted experience across Business Marketing, Strategic Planning, Financial Management, and the Chemicals sector. Holding a Ph.D. in Business Administration, he has been instrumental in transforming the group from its traditional base in polymer compounds and specialty chemical additives to a diversified portfolio of emerging-age ventures. Throughout this transition, Dr. Garg has maintained a strong emphasis on governance discipline, regulatory compliance, and ethical business conduct. His strategic direction continues to anchor the group’s commitment to transparent operations while driving innovation, sustainable growth, and disciplined expansion into new markets.

Mr. Karan Bagga

Executive Director
Mr. Karan Bagga has 26+ years across corporate and institutional banking, debt capital markets, structured funding, equity placements, and government banking. He has worked with Yes Bank, IDFC, and major public and private banks/NBFCs/DFIs, handling corporate relationships, project appraisal, mezzanine financing, IBC advisory, and syndicated finance. His experience in raising funds via bonds, QIB placements, SWAP-embedded debentures, and ECBs, along with longstanding interactions with RBI, SEBI, stock exchanges, and credit rating agencies, positions him as a strong anchor for financial governance. He has also managed institutional relationships with NBFCs and stockbrokers, giving him deep insight into regulatory compliance, risk controls, and structured financial operations.
Arun Batra

Mr. Arun Batra

Executive Director (Operations)
Mr. Arun Batra is a strategic business leader with 35+ years across Telecom, Fintech, IT, Services, and Media Distribution, driving large-scale business growth, turnarounds, and operational transformation. His portfolio includes roles such as CEO of multiple organisations, Business Consultant for start-ups, COO of a mobile wallet platform, and Founder & CEO of telecom solutions companies. His leadership track includes senior positions like CEO (Matrix Cellular), CEO Kolkata (Reliance Communications), Country Head (Bright Star Telecom, US), COO (Zee Network), and Chief – Business Operations (Hutch/Vodafone). With an MBA from IMT Ghaziabad and a strong commercial background from Hindu College, he brings deep operational-governance expertise, regulatory-aware execution capability, and a proven ability to scale businesses sustainably and compliantly.

Mr. Ashish Jaitly

Non-Executive Director
Mr. Ashish Jaitly is a strategic business leader with 30+ years across telecom and insurance, specialising in business turnarounds, revenue growth, and operational transformation. Having held senior roles at Max Life Insurance, Kotak Life, and Bajaj Allianz, he has led high-growth initiatives, executed complex strategies, and built high-performance teams. His background blends strategic planning, market expansion, innovation-led product development, and compliance-driven operational execution, reinforcing governance discipline and commercial integrity within the organisation.

Ms. Bhawna Sharma

Whole-Time Director

Ms. Bhawna Sharma is a dynamic leader with extensive experience in driving operational excellence, organisational efficiency, and execution-led strategy. Known for her decisive leadership, analytical approach, and process-driven mindset, she has led initiatives improving performance, resource utilisation, and cross-functional coordination. She holds an MBA in Finance. Her deep understanding of internal operations helps institutionalise compliance adherence, governance protocols, and structured implementation of organisational priorities.

Mr. Chaganti Samba Murty

Chief Financial Officer
Mr. Chaganti Samba Murty is a veteran banking executive with 39 years in SBI, with expertise spanning credit risk, financial governance, branch operations, and portfolio management across industries such as Manufacturing, Real Estate, Textiles, Pharma, and Automobiles. He is credited with setting up the Credit Risk Review Department at SBI Ahmedabad and supervising hundreds of credit proposals annually. His academic background includes an MBA (Finance), B.Sc. (Physics), and CAIIB certifications. His deep experience ensures robust credit appraisal, adherence to regulatory norms, AML/CFT compliance, and strong financial controls for the organisation.

Ms. Vasudha Aggarwal

Company Secretary & Compliance Officer
Ms. Vasudha Aggarwal is an experienced Company Secretary with qualifications including LL.B, MBA (Finance), and B.A., specialising in corporate governance, legal compliance, and regulatory advisory. She is responsible for statutory filings, secretarial audits, Board process management, and adherence to Companies Act, SEBI, and related governance frameworks. Her role ensures transparent board functioning, accurate compliance documentation, and a strong interface with regulators and stakeholders.
Hon’ble Justice (Retd.) Dr. Satish Chandra

Hon’ble Justice (Retd.) Dr. Satish Chandra

Ombudsman

Justice (Retd.) Dr. Satish Chandra, former Judge of the Allahabad High Court and recipient of the Chancellor’s Medal in Law, is an eminent legal authority with extensive experience in judicial review, arbitration, and regulatory interpretation. He currently serves as Review Authority for the National Investigation Agency (NIA) and advises multiple banks, PSUs, and financial institutions, including SBI and Canara Bank committees. With 15 authored books and 35+ research papers, he brings deep legal rigor, adjudication expertise, and governance insight, significantly strengthening institutional accountability and dispute-resolution mechanisms.

Mr. Karnal Singh

Advisory Board Member
Mr. Karnal Singh, former Chief of the Enforcement Directorate (ED) and retired IPS officer, is one of India’s most respected experts on money laundering, economic offences, financial fraud, and regulatory enforcement. Over three decades, he led major PMLA and FEMA investigations, represented India before FATF and Interpol, and modernised investigative processes. Now Chairman & Managing Partner at Circle of Counsels, he advises on AML, anti-corruption, white-collar defence, and governance frameworks. His unparalleled enforcement experience significantly enhances the firm’s vigilance posture and compliance strength.
T M Bhasin

Dr. T. M. Bhasin

Advisory Board Member
Dr. T. M. Bhasin, Chairman of the Advisory Board for Banking & Financial Frauds (ABBFF) under the CVC and former Vigilance Commissioner, is a leading authority on banking fraud strategy, risk management, and vigilance systems. Earlier, he served as CMD of Indian Bank and has contributed extensively to investigative frameworks, fraud evaluation, and financial-sector reforms. His doctoral research contributed to the Jan Dhan Yojana framework. His expertise significantly strengthens fraud-risk governance and institutional vigilance.

Mr. G. N. Bajpai

Advisory Board Member

Mr. G. N. Bajpai, former Chairman of SEBI and LIC, is one of India’s most influential figures in financial governance, market regulation, and institutional reform. He has served on boards of major corporates such as ICICI Bank, Axis Bank, Tata Chemicals, and Jindal Steel, and has chaired international bodies including IOSCO’s Corporate Governance Task Force. A noted academic and author, he has lectured globally at institutions such as LSE and Harvard. His leadership ensures world-class standards in regulatory alignment, market integrity, and governance discipline.

Girish Ahuja

Dr. Girish Ahuja

Advisory Board Member
Dr. Girish Ahuja is a leading taxation expert, academic, author, and policy advisor with over 35 years of experience. A Fellow of ICAI and a Ph.D. from FMS (Delhi University), he has authored 20+ landmark books on direct tax law and serves on several high-level committees, including a Ministry of Finance task force to reform direct tax legislation. A former non-official director on SBI’s Board and contributor to ICAI and ICSI committees, he brings deep insight into statutory compliance, tax governance, and regulatory interpretation.
Ashok Kumar Mehta

Mr. Ashok Kumar Mehta

Advisory Board Member

Mr. Ashok Kumar Mehta, a senior IRS officer (1987 batch), has served as Chief and Principal Chief Commissioner for GST, Central Excise, and Customs across major zones. He spearheaded data-analytic reforms, including setting up a Data Analytic Center for revenue monitoring and leakage prevention. Known for negotiation and strategic planning, he has also served as Private Secretary to the President of India. His deep command of indirect tax, regulatory systems, and policy execution strengthens compliance and risk-governance frameworks.

Neelkant Bakshi

Mr. Neelkant Bakshi

Advisory Board Member

Mr. Neelkant Bakshi is a specialist in supply-chain management and large-scale logistics systems. With an MBA in Marketing & International Business and over two decades of experience integrating advanced global technologies into India’s supply networks, he has led major collaborations to modernize storage, distribution, and end-to-end supply-chain processes. His work strengthens operational compliance, standards-driven workflows, and the governance of critical supply-chain infrastructure.