IIL Board of Directors

Mr. Chandu L. Chavan – Chairman

Mr. Chandu Chavan, 41 years, is the Chairman of our Company.

Mr Chavan joined the Board in the year 2002 and since then has been an integral part of our Company’s management team. He completed his Diploma in Mechanical Engineering from Cusrow Wadia Institute of Technology, Pune, in 1987. He gained valuable experience in Bajaj Auto Limited before acquiring this company. His experience and expertise has helped in the growth and development of our Company

Mr. Ravindra W. Katre – Managing Director

Mr. Ravindra Katre, 45 years, is the Managing Director of our Company.

Mr Katre, 45 years, completed his Diploma in Mechanical Engineering from Cusrow Wadia Institute of Technology, Pune, in 1984. Mr Katre is a post graduate in Management Sciences from the University of Pune. He joined BAL in 1985, where he handled the materials department for a period of 14 years. He joined M/s. Phoenix Enterprises in 1999. Mr Katre joined the Board of Directors of our Company on November 1, 2002; and has since been an integral part of our Company’s management team. Mr Katre oversees raw material procurement of our Company. He is also looking after the activities of the sheet division of our Company.

Mr. Sanjay H. Waghulade – Whole-time Director

Mr. Sanjay Waghulade, 44 years, is the Whole-time Director of our Company.

Mr Waghulade, 46 years, completed his Bachelor of Engineering from Bapuji Institute of Engineering and Technology, Davengere, Karnataka, in 1987. He joined BAL in 1987, where he handled procurement of components, forging and casting along with general purchase. In 1991, he joined Kalyani Seamless Metal Tubes Limited. (“KSMTL”), Baramati, where he handled procurement of project components including cement, steel and sophisticated machinery. He joined Saw Pipes Limited (“SPL”) in 1993 as an assistant manager, purchase; and was in charge of all activities related to procurement up to 1995. During his engagement with KSMTL and SPL he gained expertise with regards to the working of the tubes business.

Mr Waghulade joined the Board of Directors of our Company on November 1, 2002; and has since been an integral part of our Company’s management team. He oversees the production, tooling and other related areas including project set up.

Mr. William Sean Sovak – Nominee Director

Mr. William Sean Sovak, aged 38 years, is a Nominee Director of Lighthouse PLC. He graduated summa cum laude in Finance from the University of Pennsylvania's Wharton School, and has also completed an advanced seminar study on India with the Wharton Fellows program. He has served on the board of the Business Advisory Committee to the UN and the Wharton Club of New York. Mr. Sovak previously served as Managing Director and Chief Acquisitions Officer for W. P. Carey & Co. LLC, a NYSE-listed investment company with over $7.0 billion in assets under management. He was responsible for the sourcing, underwriting and structuring of more than 50 middle market financing transactions totalling more than $1.5 billion. His experience runs across the industry spectrum, from plastic injection moulding to refrigerated warehousing, from distribution to general manufacturing, retail, health & fitness, education, auto parts, semiconductors and aviation. Most recently, residing in Mumbai, he led W. P. Carey's investment entry into India, focusing on both equity and real estate opportunities for the firm. Mr. Sovak has also served as Chairman of the US-India Business Councils Real Estate Executive Committee and as President of a $550 million, public REIT managed by W. P. Carey & Co. LLC.

Mr. Yashpaul Gupta - Independent Director

Mr Yashpaul Gupta, aged 60 years, is an Independent Director of our Company. He holds a Bachelor’s Degree in Physical Science from Birla Institute of Technology and Science (BITS), Pilani, Rajasthan and is a Master in Business Administration from the Indian Institute of Management (IIM), Ahmedabad. Prior to joining our Company Mr Gupta worked with the Union Bank of India for a period of 28 years, in various capacities, including the post of field General Manager. During his long stint with UBI, he gained knowledge and expertise in various areas such as credit administration, regional/zonal development, recovery and NPA administration, audit etc.

Mr. Pradeep Tupe - Independent Director

Mr Pradeep Tupe, aged 52 years, is an Independent Director of our Company. He holds a Diploma in Business Management. Also passed AMIE (Section A & B) Examination and also a Diploma in Mechanical Engineering. He has worked with reputed companies such as KSB Pumps Ltd., Kirloskar Brothers Ltd., Rathi Industrial Equipment Co Ltd., Gujarat Steel Tubes Ltd. and Atlas Steel Tube Industries in the Marketing/Sales division in different capacities. He was the Chairman of Institution of Engineers (India) Maharashtra State Centre, covering Maharashtra and Goa. He served as the Vice President of LaghuUdyogBharati, an all India organization for small scale industries. At present, he is the Coordinator at MIT Group of Institutions and Hon Secretary at All India Management Association. He is a Charter Member of Rotary Club, Pune University and Chairman of Environmental Awareness of Rotary District 3130. He is also a Certified Lead Assessor for QMS (ISO 9001:2008).

Dr. Rajendra Jagdale - Independent Director

Dr. Rajendra Jagdale, aged 50 years, is an Independent Director of our Company. He holds a Master’s degree in Botany and a Ph.D in Forest Ecology from the University of Pune. He has vast experience in the field of Urban e-transformation using Science and Technology tools, IT open source and freeware, Intellectual Property Management and Technology Transfer, Business incubation and promoting innovation driven cluster development. He is presently the Director General of Science and Technology Park, a not for profit autonomous institute established by Department of Science and Technology (DST), Government of India, is also a member of Bureau of Indian Standards and Chairman of Association of Small and Medium Knowledge Industries, Pune. He has also been accredited with one of the highest civilian titles, “Knight of the Order of Academic Palms” by the Government of France and has been awarded the Environmental Leadership Award from United States Agency of International Development and the Entrepreneurs International Award from Entrepreneurs International, Pune.

Ramprasad Joshi - Independent Director

Mr Ramprasad Joshi, aged 41 years, is an Independent Director of our Company. He holds a ‘B.E in Computers’ from Shivaji University, Kolhapur and ‘M.E in Computers’ from Veermata Jijabai Technological Institute, Mumbai University. After Engineering, he worked as a Lecturer with Veermata Jijabai Technological Institute for a few years. He was a Project Engineer, IIT Mumbai in the Aerospace Engineering department in 1993-94. He served as Software & Hardware Engineer at Venus Engineers for a couple of years. Thereafter, he worked as an Assistant Professor PICT, Pune from 1998 to 2002. At present. He is pursuing Ph.D. in Computer Science from BITS Pilani.

Mr. Rahul Raisurana – Nominee Director

Mr. Rahul Raisurana, 42 years, is the Nominee Director representing Standard Chartered Private Equity.
Mr. Rahul Raisurana is Managing Director, Standard Chartered Private Equity Advisory (India) Limited wherein he founded and currently heads Standard Chartered’s Midcap focused private equity business in India. His over 20 years of professional experiences includes senior managerial and leadership roles in private equity, corporate and investment banking, corporate finance and risk management with leading global financial institutions in India and USA.
Prior to joining Standard Chartered, he was Managing Director, Investments at IDFC Project Equity Company Limited and co-founded India’s first project-level infrastructure investment fund jointly sponsored by Citigroup and IDFC. Previously he was also a senior member of Deutsche Bank India’s Executive and Management Committee in his capacity as Head of Institutional and Corporate Credits, India. His other professional assignments included roles with Moody’s Investors Services in New York and with Citigroup’s Corporate & Investment Banking group in India.
Mr. Raisurana currently serves as a Director on the Boards of PI Industries Limited, Man Infraconstruction Limited, Bush Foods Overseas Pvt. Ltd and Privi Organics Limited. He holds a Masters degree in International Management from Thunderbird, USA, Masters degree in Business Administration from Clark University, USA and a Bachelor of Commerce (Honours) degree from the University of Calcutta, India.

Mr. Sanjay Asher – Independent Director

Mr. Sanjay Asher – Independent Director, 48 years, is an Independent Director of our Company.
Mr. Sanjay Asher has over 20 years of experience in the field of law and corporate matters. He is presently a partner at Crawford Bayley and Co., and deals with corporate laws and laws of mergers and acquisitions. He has been Independent Director of Tribhovandas Bhimji Zaveri Ltd. since December 14, 2010. He serves as a Director of Ashok Leyland Limited, Bajaj Allianz General Insurance Company Limited, Bajaj Allianz Life Insurance Company Limited, Balkrishna Industries Limited, Finolex Cables Limited, Finolex Plasson Industries Limited, Kryfs Power Components Limited, Mandhana Industries Limited, Repro India Limited, Schlafhorst Machines Private Limited, Sharp India Limited, Shree Renuka Sugars Limited, Sudarshan Chemicals Industries Limited, A.L.Movers Private Limited, A.L. Records Management Private Limited, Allied Pickfords India Private Limited, Diamant Board Marketing Private Limited, Enam Infrastructure Trusteeship Services Private Limited, Hoganas India Private Limited, ArjoHuntleigh Healthcare India Private Limited, Morgan Stanley Investment Management Private Limited, NV Advisory Services Private Limited, Orbit Electricals Private Limited, Oerlikon Textile Components India Private Limited, Peass Industrial Engineers Private Limited, Siporex India Private Limited, ValueQb Consulting Private Limited, Zinser Textile Systems Private Limited.
Mr. Asher has a bachelor degree in commerce and a bachelor degree in law from the University of Bombay. He is also a qualified Chartered Accountant and a solicitor.