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Board of Directors ::

Shri Sudhir Mehta - Chairman Emeritus ::

Mr. Sudhir Mehta - Executive Chairman

Born in the year 1954, Shri Sudhir Mehta, is the driving force behind the strong presence of ‘Torrent’ in Pharmaceuticals and Power sectors. Shri Mehta was instrumental in the diversification of the Torrent Group into the power sector. The foray into Power was marked by the acquisition of the ailing Mahendra Cables, now known as Torrent Cables Limited in late 80’s. This was followed by acquisition of The Ahmedabad Electricity Company and The Surat Electricity Company in the early 90’s; now part of Torrent Power Limited. Shri Mehta took over as the Chairman of the Torrent Group in 1998, after the demise of his father, late Shri U. N. Mehta. Under the able leadership of Shri Sudhir Mehta, Torrent Group grew from its humble roots into a leading business Group.

Under his able guidance, Torrent Pharmaceuticals Limited (“Torrent Pharma”) today has a strong presence in various therapeutic segments with three world-class operational manufacturing plants and a state-of-the-art research centre. Torrent Pharma’s global operations are spread across substantially in 28 countries with wholly owned subsidiaries in most major markets. The acquisition of the Indian branded generic formulation business of Elder Pharmaceuticals Limited is expected to strengthen Torrent Pharma’s position in the nutraceuticals and women healthcare segments in India. Alongside, Torrent Power today has a strong foothold in generation, distribution and transmission segments. The Company has a generation capacity of ~3252 MW. It distributes power to nearly 23 lacs customers in Ahmedabad, Gandhinagar, Surat and Dahej SEZ area in Gujarat as a “distribution licensee” and to nearly 6 lacs customers in the cities of Agra and Bhiwandi as a “distribution franchisee”. It has also set up power transmission infrastructure in Gujarat.

His other directorships include Torrent Power Ltd., Torrent Private Ltd., Tornascent Care Institute and UNM Foundation

Shri Samir Mehta - Executive Chairman ::

Mr. Samir Mehta - Managing Director

Samir Mehta is the Vice Chairman of the Rs. 16,300 crore+ (USD 2.44 billion) Torrent Group and Chairman of Torrent Pharmaceuticals Ltd. Born 1963, after his post-graduation in management studies, Mr. Mehta delved into the nascent businesses of Torrent Group in 1986 and over the years has ably guided its well strategized growth with his analytical and professional approach.

Under his leadership, Torrent Pharma took several strategic initiatives, including forays into new therapies and geographies, large investments in product development infrastructure and capabilities, building state-of-the-art manufacturing facilities and inorganic growth through acquisitions, thus establishing Torrent as one of India’s fast growing and well respected Pharma majors. His emphasis on organisation design, execution and operational efficiencies has built a strong and globally competitive business platform in Torrent Pharma.

Mr. Mehta has also guided the Group’s entry and growth of the Power business. Torrent Power has systematically improved its performance on all efficiency parameters and ranks amongst the best run power utilities in the country. Mr. Mehta’s emphasis on efficiency and quality has led the Company to demonstrate exemplary operational capabilities and high customer orientation, setting new benchmarks in the sector and attracting many accolades.

Equally conscious of his responsibilities towards society, Mr. Mehta has practiced the conduct of business in a socially responsible way, thus giving a new dimension to the traditional meaning of CSR. He has over emphasised environment responsibility in industrial operations and creation of local livelihoods in the influence areas of Torrent projects. His belief that improving community health and primary education of the underprivileged class are powerful instruments for social empowerment and upliftment, has driven much of Group’s CSR activities.

A fine blend of business acumen and entrepreneurial optimism, Mr. Mehta has positively influenced all spheres of the Group with his contemporary outlook and innovative ideas. The Torrent Group, having a diverse workforce, has earned a reputation for being employee-centric due to Mr. Mehta’s emphasis on fairness and humaneness.

His other directorships include Torrent Power Ltd., Arvind Ltd., Torrent Private Ltd., Tornascent Care Institute and UNM Foundation

Shri Markand Bhatt ::
Mr. Markand Bhatt

Born in the year 1946, Shri Markand Bhatt a Post Graduate of IIM, Ahmedabad, is the Group Chief Executive Officer of Torrent Group. He has more than 46 years of professional managerial experience in multi disciplinary areas dominated by more than two decades of principal involvement in power sector projects. He has been a member of Board of the Company since 2000.

Over the past several years he has been providing valuable guidance in formulation of strategy and implementation thereof. As part of Torrent Power, a group company, Shri Bhatt has played a pivotal role in the entire journey of the SUGEN Mega Power Project – from concept to commissioning of that project, which is unique in many respects. The project was completed within the budgeted cost resulting in the lowest per MW cost due to his sustained efforts. Shri Bhatt is also responsible for implementation of 382.5 MW UNOSUGEN Project and 1200 MW DGEN Project which have also been commissioned. He also oversees other generation project initiatives which are in the pipeline such as Torrent Pipavav etc.

He was also the Managing Director of erstwhile Gujarat Torrent Energy Corporation Limited (GTEC) which set up 655 MW Gas based fuel Combined Cycle Power Project within budgeted cost and timelines. He spearheaded divestment of GTEC by Torrent Group, which was the biggest ever deal in the country at that point of time. Earlier, he practiced as a Management Consultant and was associated with various premier government organizations and private groups such as Torrent, Nirma, Cama, Raymonds etc.

His other directorship include Torrent Power Ltd., Tornascent Care Institute and UNM Foundation.

Shri Shailesh Haribhakti ::
Mr. Shailesh HaribhaktiShri Shailesh Haribhakti is a Chartered and Cost Accountant, and a Certified Internal Auditor, Financial Planner & Fraud Examiner. During a career span of four decades, he has successfully established and led many innovative services. His current passions involves Outsourcing of Knowledge Processes, Engaged Investing, and efficiency & effectiveness enhancement in Social, Commercial and Governmental organisations.

He strongly believes in ‘shared value’ creation, good public and corporate governance and promoting a green environment. He actively promotes these causes, and contributes towards their evolution by participating in the process of framing regulations and standards.

His other directorships includes Future Lifestyle Fashions Ltd., Blue Star Ltd., L&T Finance Holding Ltd., Mahindra Lifespace Developers Ltd., NSDL e-Governance Infrastructure Ltd., ACC Ltd., Ambuja Cements Ltd., L&T Mutual Fund Trustee Ltd., Metropolis Healthcare (Mauritius) Limited., Haribhakti Moti India Pvt. Ltd., Gaja Trustee Company Pvt Ltd., Quadram Solutions Pvt. Ltd., J M Financials Asset Reconstruction Company Ltd., Planet People & Profit Consulting Pvt. Ltd., Mentorcap Management Pvt. Ltd., Reliance Infrastructure Consulting and Engineers Pvt Ltd., Reliance Infradevelopment Pvt Ltd., Reliance Wind Turbine Installators Industries Pvt Ltd., and Intuit Consulting Pvt Ltd.

Shri Haigreve Khaitan ::
Shri Haigreve Khaitan

Shri Haigreve Khaitan is a Corporate and Commercial lawyer and a Senior Partner of Khaitan & Co. Shri Khaitan heads Khaitan & Co.’s Mergers & Acquisitions (M&A) practice. Shri Khaitan joined Khaitan & Co. in 1988. He spent considerable years of his initial practice in representing clients on litigation matters and thereafter he went on representing many clients on project finance and real estate transactions. Shri Khaitan presently focuses his practice on M&A, Private Equity, Venture Capital, Corporate Restructuring and advises various Indian and international clients on other strategic transactions. Shri Khaitan comes highly recommended by world’s leading law chambers / legal accreditation bodies as one of the leading lawyers in India and as the leading lawyer for Project Finance in Asia. Shri Khaitan has been involved in some of the high profile and complex transactions in India. His recent significant transactions include:

  • 1) Advised iGATE Corporation on acquisition of Patni Computer Systems Ltd., having deal size of approx USD 1.25 billion;

  • 2) Advised Vedanta Resources plc in acquisition of controlling stake of Sesa Goa, having a deal size of USD 1.37 billion; and

  • 3) Advised Hutchinson Telecommunications lnternational Ltd. in sale of stake in Hutch – Essar to Vodafone plc, having a deal size of USD 11.1 billion.

Shri Khaitan is on the board of directors of various other Indian companies including Ceat Ltd., Inox Leisure Ltd., Harrisons Malayalam Ltd., AVTEC Ltd., Ambuja Cements Ltd., Vinar Systems Pvt. Ltd., Birla Sun Life Insurance Company Ltd., Mahindra Holdings Ltd., Egyptian Indian Polyester Company S.A.E. Egypt, JSW Steel Ltd and IGE (India) Pvt Ltd.

Shri Pradeep Bhargava ::
Mr. Shri Pradeep Bhargava

Born in the year 1949 Shri Pradeep Bhargava holds B. Sc. (Honours) degree from Rajasthan University, Jaipur, B.E. (Electronics and Communications) degree from Indian Institute of Science, Bangalore. He completed his MBA from Indian Institute of Management, Ahmedabad in the year 1971. He has been associated with Cummins group since 2000 and was Managing Director of Cummins Generator Technologies India Ltd. from 2003 to 2012. Prior to joining Cummins, he was Managing Director of GE Lighting India for 3 years. He had worked with Kalyani Group (Bharat Forge) for 15 years from 1982-1997. After graduating from Indian Institute of Management, Ahmedabad, first ten years of Shri Pradeep were with State Sectors i.e. Atomic Energy Commission, Electronics Commission and finally at Bharat Heavy Electricals Ltd. He has been actively participating in Industry Forums, Education Institutions as well as various platforms of Civic Society.

He was the Chairman of Pune Zonal Council during the year 2004-05, thereafter Chairman of Maharashtra State Council during the year 2008-09. He is now the Chairman of Western Region Council for the year 2012-13. His key contributions have been Conceiving, Steering and Implementing the now famous “Pune Model” by virtue of which the city of Pune has been able to mitigate Load Shedding for the last 5 years. Likewise, he had a significant role to play in establishing Finishing School with Symbiosis as part of Affirmative Action. Both these initiatives have since been scaled up and replicated in other communities. He has considerable engagement in Skill Development Charter and establishing links between Educational Institutions and Industry.

His primary focus has been to integrate the experience and knowledge of industry into causes which benefits both, the Society and the Environment. Under his leadership, Cummins has set up “India’s First Green Factory” at Ranjangaon, near Pune. He is involved with Educational Institutions such as IIM Ahmedabad, IIM Bangalore, IIM Udaipur, Tata Management Training Centre, etc. as guest faculty. His engagement with Symbiosis is quite long and he is member of Planning Cell and Board of Management of Symbiosis University. He was the Member of Executive Committee of National Assessment & Accreditation Council (NAAC), an Autonomous Institution of the University Grants Commission, for 3 years.

In addition to the directorship of Cummins group companies like Cummins India Ltd., Cummins Generator Technologies India Ltd., Cummins Technologies India Pvt. Ltd., he holds directorship in Persistent Systems Ltd., Automotive Stampings and Assemblies Ltd., Pune City Connect Development Foundation and Pragati Leadership Institute Pvt. Ltd.

Smt. Renu Challu ::
Mr. Shri Pradeep Bhargava Born in the year 1952, Smt. Renu Challu, is a Gold Medalist in MA Economics and is an associate of the Indian Institute of Bankers. She has served in the State Bank of India Group for about 39 years and her stellar career culminated in her being the Deputy Managing Director of Corporate Strategy and New Businesses.

Some of her path breaking initiatives are captured below:
  • a.Identified, developed and implemented new business areas as member of the Corporate Management Committee of SBI.
  • b.As MD of SBH recorded the highest ROE amongst large banks in India as on March 2010, through technology and BPR initiatives, HR development programmes, employee motivation and repositioning of the Bank through rebranding exercise.
  • As MD & CEO of SBI DFHI, launched the 1st country-wide web based platform with two way quotes for liquid G-Secs.
  • At SBI, Bhopal, launched Cyber Treasury with MP and Chhattisgarh Governments (through e-challans), which was replicated by some other State Govts.
  • As President & COO of SBI Capital Markets propelled SBICAP to the no.1 position amongst investment banks in debt syndication in Asia Pacific.
  • As GM (Commercial) at SBI, Lucknow, reduced turnaround time to 3 weeks for credit sanctions.
  • g.At SBI Corporate Centre, took technology initiatives like the 1st one million online ATM cards, internet banking, Maestro Debit Card, etc. and pioneered policy framework and implementation of personal banking loaning in SBI.
While focusing on such path breaking initiatives, she played an inestimable role in the illustrious growth of the organisations she worked with. Various awards and recognitions were received by State Bank of Hyderabad under her leadership.

She is also a Director on the Boards of SMS Ltd, Reliance Nippon Life Insurance Company Ltd, FAG Bearings India Ltd, Minda Industries Ltd, Fullerton India Credit Company Ltd, NCC Ltd, Netafim Agricultural Financing Agency Pvt. Ltd. and Fullerton India Home Finance Company Limited.

Dr. Chaitanya Dutt - Director (Research & Development) ::

Dr. Chaitanya Dutt - Director (R&D)Born in the year 1950, Dr. Chaitanya Dutt holds an MD in Medicine. He practiced as a consulting physician before joining the Company in 1982 and has been associated with the Company since then. His rich experience spans the areas of Pharma R&D, clinical research, manufacturing, quality assurance, etc. He is one of the key professionals in the top management team of the Company. He has been instrumental in setting up the Research and Development (R&D) facility of the Company. Under his prudent guidance and leadership, R&D activities have achieved tremendous progress in the areas of discovery research as well as development work on formulations. He does not hold any directorship in any other company.

Prof. Ashish Nanda ceased to be a Director of the Company due to his resignation with effect from 21st July, 2017

  Board of Directors »
» Shri Sudhir Mehta
» Shri Samir Mehta
» Shri Markand Bhatt
» Shri Shailesh Haribhakti
» Shri Haigreve Khaitan
» Shri Pradeep Bhargava
» Smt. Renu Challu
» Dr. Chaitanya Dutt
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