Directors and their Commitees The day to day affairs of the Company are managed by Mr. Ashok Kanodia; Managing Director assisted by the Executive Director, subject to the superintendence, control and directions of the Board of Directors, along with a team of dynamic, highly experienced and qualified professionals from various disciplines. The following is the team of qualified and experienced Directors on the Board of the Company.
Shri Ashok Kanodia: - {Managing Director}.
He is an alumnus of Massachusetts Institute of Technology (MIT), USA where he graduated as an Electrical Engineering and Business Management from the Sloan school of Management. He is a Promoter Director of the company and has been associated with the company since inception (1979). He has been an active member of the various policy making bodies created by the Govt. and industry associations like TEMA, FICCI & CII. Besides holding the post of Managing Director in the company, he also holds the Directorship in various other Companies.
Shri Pradeep Kanodia: - {Executive Director}.
He is Commerce Graduate from St. Xavier's College, Calcutta. He is also the Promoter Director of the company and has been associated with the company since inception. Besides holding the post of Executive Director in the company, he also holds the Directorship of various other Companies.
Shri Rahul Goenka: - {Non-Executive Director}.He holds his Masters in Marketing & finance from Clark University, Worcester, USA. At the outset of his career, Mr. Rahul Goenka occupied position in people.com Consultants Inc., Boston USA, a Technology Solutions Provider. Presently he is associated with a garment and home furnishing export unit and partner in Krishna Motors, Akola.
He is a practicing Chartered Accountant having more than 27 years of rich and varied experience in internal taxation, finance and tax planning. He is also a member of Indian Institute of Managers. .
Shri Anant Kanoi: - {Non-Executive Director & Independent Director).
He graduated from the University of Michigan, Ann Arbor with a degree in Industrial & Operations Engineering specializing in Manufacturing & Business systems. He has more than 8 years of experience in various industries that include Pepsi food and Ford Motor company. He currently manages a company which is one of India’s leading manufacturers of pigment intermediates. He is an active member in the Delhi chapter of the Entrepreneur’s Organization (EO).
Shri S.C. Choudhary: - {Non-Executive Director & Independent Director).
Shri S.C. Choudhary has vast knowledge and expertise in the field of Telecom and Board room practice. He served as a Chief General Manager Telecom (CGMT) of Punjab Circle in Govt. of India, BSNL and was elevated as Director-Operations on the Board of BSNL. During his career of over 39 years with DoT, Govt. of India, BSNL he has presided over myriad responsibilities under various positions. He brings with him an invaluable experience of the Telecom sector.
Board of Directors | Audit Committee | Selection & Compensation Committee | Remuneration Committee | Share Transfer & Investors Grievance Committee | Shri Ashok
Kanodia | Shri S. C.
Sharma | Shri T. Dev Joshi,
President
(HR & Org. Development),
LNJ Bhilwara Group | Shri S.C. Sharma | Shri Rahul Goenka | Shri Pradeep
Kanodia | Shri Anant
Kanoi | Shri S. C. Sharma | Shri Anant Kanoi | Shri S.C. Sharma | Shri S.C.
Choudhary | Shri S.C.
Choudhary | Shri Anant Kanoi | Shri S.C. Choudhary | Shri Pradeep Kanodia | Shri Anant
Kanoi | Shri Rahul
Goenka | Shri S.C. Choudhary | Shri Rahul Goenka | | Shri Rahul
Goenka | | Shri Rahul Goenka | | | Shri S.C.
Sharma | | | | |
Criteria for making payment to Non-Executive Directoras At present there are 4 (four) non-executive directors. Out of which one is non-independent. However no distinction is made for payment of remuneration to non independent director as it is not required as per the provisions of Companies Act, listing agreement and Articles of Association. | The Company pays the following sitting fees to them for attending each meeting of the Board and its Committees. | | a) | Board Meeting | Rs. 3,000/- | | b) | Audit Committee Meeting | Rs. 2,000/- | | c) | Selection & Compensation Committee Meeting | Rs. 2,000/- | | d) | Share transfer & Investor Grievance Committee Meeting | Rs. 1,000/- |
No other remuneration is paid to the non-Executive Directors. Besides the above, the non-Executive Directors are also reimbursed for actual conveyance and out of pocket expenses.
The above are subject to revision/s as per applicable law/s prevailing from time to time. The following are the overall criteria kept in view for fixing the remuneration, being applied uniformly, for all the non Executive Directors:-
- Experience and qualification.
- Responsibilities and duties.
- Time devoted.
- Value addition.
- Profitability of the Company.
- Provisions of law with regard making payment of remuneration to non-Executive Directors.
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37.50 (+ 3)
Bulk Encryption Units
