DCB's Board of Directors comprises of a wide cross-section of industry veterans. Their multi-faceted expertise is evident in the positive direction and productive functioning of the Bank.
Mr. Nasser Munjee, Chairman
Mr. Nasser Munjee was educated at the Leys School in Cambridge UK and then went on to do his Bachelor and Masters Degrees at the London School of Economics, UK. He spent a short while at the University of Chicago USA, before returning to India in 1977. He joined the Chairman of one of India’s leading development banks – ICICI, Mr. H. T. Parekh, to establish the first housing finance company in India – the first retail institution serving customers directly for their housing needs - HDFC. Against many odds the HDFC group, as it is known today, grew to be a financial conglomerate with assets over $50billion in banking, insurance, mutual funds as well as its prime business – housing finance. He rose to be an executive director on the Board with wide responsibilities.
In 1997, the Finance Minister of India requested the Chairman of HDFC to consider setting up an infrastructure finance company as India faced acute challenges in this field. Nasser was asked to think through this challenge and, as a result, Infrastructure Development Finance Company (IDFC) was born. IDFC charted the course of private investment in infrastructure – a sector that was dominated by the public sector – with great success. Much of the conditions for private investment in infrastructure in India was created by IDFC between 1997 and 2004. Nasser left IDFC owing to disagreements with the Government which intended a nationalization of IDFC.
Since 2004, Nasser has been pursuing his own interests in his own way. He sits on other 11 Corporate Boards in India which include HDFC Limited, Tata Motors Limited, Tata Chemicals Limited, Tata Motors Finance Limited (Chairman), Cummins India Limited, ABB India Limited, Ambuja Cements Limited, (now part of the HOLCIM group) Go Airlines (India) Limited, Unichem Laboratories Limited, Voltas Limited, Britannia Industries Limited. He is also Chairman of other Aga Khan institutions in India - Aga Khan Rural Support Programme (India) (AKRSP, I) and Muniwar-Abad Charitable Trust (MACT). He was the President of the Bombay Chamber of Commerce and Industry - the city’s oldest Chamber of Commerce and he has served on numerous Government Task Forces on Housing and Urban Development.
Mr. Murali M. Natrajan, Managing Director & Chief Executive Officer (CEO)
Prior to joining DCB, Mr. Natrajan served as the Global Head for SME banking in Standard Chartered Bank. He was responsible for providing strategic context and business development capabilities to drive a distinctive and consistent business model across 27 markets in Asia, Africa and the Middle East. Mr. Natrajan joined Standard Chartered Bank, India to head the Mortgage & Auto Business. In November 2004, he was promoted as Head of Consumer Banking for India & Nepal overseeing business that include Mortgages, Wealth Management, Branches, ATMs, Credit Cards, Personal Loans and SME.
A Fellow Member of the Institute of Chartered Accountants of India, Mr Natrajan started his career with American Express TRS in India where he worked for 5 years in Business Planning, Finance and Operations. In 1989, he joined Citibank where he spent 14 years in various disciplines such as Operations, Credit, Finance, Product Management and Business Management of Consumer Banking. Prior to joining Standard Chartered Bank in October 2002, he had successful stints as Cards Business Director in Citibank India, Hong Kong and Indonesia.
Mr. Altaf Jiwani is qualified as B.E. (Production) and MMS (Finance). He has more than 20 years of experience in Corporate Finance across industries such as, electrical, textile and automobile. He has developed expertise in the areas of Foreign Exchange, Risk Management and Trade Finance and received the ‘Outstanding Achiever’ Award within RPG Group in 2007-08. He has significantly contributed in derisking the business model of Phillips Carbon Black Limited in his role as CFO. Mr. Jiwani is currently in-charge of two business segments namely power and carbo-chemical.
Mr. Amin Manekia is an MBA (from Babson College, USA), and completed his graduation in Commerce. He has over 30 years of experience and specialized in the field of marketing, finance, co-operation and banking. He has pioneered in concept of automatic beverage vending machines in India. He has more than a decade of experience on the Boards of listed and unlisted entities in India, Currently he is on the Boards of IVP Limited & Platinum Jubilee Investments Limited. Mr. Manekia has worked for more than 20 years in various capacities in different institutions of the AKDN for the social-economic upliftment of the poor. Earlier, Mr. Manekia has served on Bank’s Board for 8 years from September 30, 2000 up to September 30, 2008.
Mr. Chakrapany Narasimhan was previously with the State Bank of India. He has over 39 years of rich banking experience in corporate treasury, corporate strategy, M&A, private equity, new business conceptualization and roll out, investments (stocks, mutual funds and fixed income securities), credit appraisal and administration, branch management, forex operations, IT operations and client relationship management. He has been involved in the conceptualization and implementation of several new businesses including general insurance, debit cards, merchant acquiring, custodial services, mobile banking, payment systems group, private equity and venture capital funds.
He has chaired the apex investment committee of SBI while also serving as a member of several apex committees of SBI including assets and liabilities committee, technology committee,corporate credit commitee ,product committee. Besides being a permanent invite member of SBI's central board and audit committee Mr. Chakrapany Narasimhan has also served with distinguish on the boards of several of the SBI group companies. He is on the Board of Gujarat NRE Coke Limited.
Mr. Imran Contractor is a qualified chartered accountant (placed in the merit lists) and cost accountant. He also holds a Certificate in Software Technology from the National Centre for Software Technology. Currently, Mr. Contractor manages his own investments. His previous experience of 17 years include association with W. I. Carr (Far East) Limited and Stratcap Securities India Private Limited as head of research, advisor to several corporate managements and high net worth individuals on investment strategy and a consultant with Reliance Mutual Fund.
Mr. Jamal Pradhan is a Commerce Graduate and has specialized in the areas of exports and small scale industry. He is a promoter director of Pradhan Mercantile Private Limited and has experience of over two decades in export and small & medium manufacturing industry.
Mr. Keki Elavia is a Chartered Accountant by profession having more than 40 years of rich experience in the fields of accounting, audit and finance. He was associated with M/s. Kalyaniwala & Mistry, a chartered accountancy firm for a period of more than 37 years as partner. Presently he is the sole proprietor of a chartered accountancy firm. He is on the board of listed and unlisted companies including, Allcargo Logistics Limited, Dai-ichi Karkaria Limited, Grindwell Norton Limited, Goa Carbon Limited, Godrej & Boyce Mfg. Co. Limited, Godrej Industries Limited and Uni Abex Alloy Products Limited. He is also on the Board of Trustees of various public charitable trusts including R. D. Sethna Scholarship Fund and Godrej Memorial Trust.
Mr. Nalin Shah retired as partner of Deloitte Haskins & Sells and S. B. Billimoria Co. He has been a member of the expert advisory committee of the ICAI. Previously he has been a member of the Accounting Standards Board of the ICAI and member of the Company Law Committee of the Bombay Chamber of Commerce & Industry. Mr. Shah is a Gold Medalist at University of San Francisco (1969). He is on the Boards of ABC Bearings Limited, Artson Engineering Limited, Cholamandalam Investment & Finance Company Limited and EIMCO Elecon (India) Limited.
Mr. S. Sridhar retired as Chairman and Managing Director of Central Bank of India, amongst India's oldest and largest public sector banks. During his tenure the Bank recorded historic highs in business, profit and profitability, return on assets, asset quality, technology adoption, brand building and human capital development. Mr. Sridhar was also the Chairman and Managing Director of National Housing Bank (NHB), the regulator of housing finance companies. Seminal initiatives launched during his tenure include NHB Residex, India's first official residential property index, central electronic registry of mortgages, reverse mortgage of senior citizens and rural housing fund. Earlier Mr. Sridhar was the Executive Director of EXIM Bank. He started his career with State Bank of India. He is on the Boards of Binani Cements Limited, Ferro Alloys Corporation Limited, Frontier Leasing & Finance Limited and IIFL Housing Finance Company Limited (Chairman).
Mr. Suhail Nathani is a founder Partner of Economic Laws Practice, a law firm with offices in Mumbai, Delhi, Ahmedabad and Pune. His areas of specialisation include corporate and commercial matters, private equity and international trade. He has advised on several investments in the manufacturing, services and real estate sector in India. He has also represented the Government of India at the WTO (Panel and Appellate Body), most recently in the Wines and Spirits dispute against the USA. Suhail obtained an M.A. in Law from Cambridge University in England and went on to complete his LLM from Duke University in the US. Besides being enrolled as an advocate in India, he is admitted to the New York State Bar and the US Court of International Trade. He serves as an independent director on the Board of diverse public companies, the Cambridge Society of Bombay and on the India advisory Board of Duke University. He has been widely published and has been speaker at several conferences. He is on the Boards of Phoenix Mills Limited, Piramal Glass Limited,
Mr. Sukh Dev Nayyar holds an M.Sc. (Physics Hons.) degree. An Associate of the Institute of Bankers, England, he is also an expert in the areas of Risk Management. He has vast experience in banking, having previously worked in various senior positions with Grindlays Bank from 1964 to 1994 and with ING Bank as CEO from 1994 to 1998. His last assignment was as Chairman & Managing Director of the ING Asset Management Company.
Updated on 01.04.2014