Aditya Birla Sun Life AMC Appoints Sushil Agarwal As Independent Director; Reappoints Sunder R. Raman & Ramesh Abhishek

Aditya Birla Sun Life AMC Limited has approved changes to its Board, including the appointment of Sushil Agarwal as an Independent Director (Additional Director) with effect from May 20, 2026, subject to shareholder approval.

The Board also approved the reappointment of Sunder Rajan Raman and Ramesh Abhishek as Independent Directors for a second five-year term from January 1, 2027.

Agarwal is Group Chief Financial Officer (GCFO) of Aditya Birla Group and Whole-Time Director and CFO of Grasim Industries Ltd. He is part of the Business Review Council, which reviews business performance and strategy across group companies. He has held senior finance and leadership roles across listed companies within the group and has worked across financial services businesses, including serving as Chief Operating Officer (COO) of Aditya Birla Finance Ltd. and Chief Executive Officer (CEO) of Aditya Birla Insurance Brokers Ltd. Agarwal has experience in finance, operations, and governance roles across multiple sectors. He has also been involved in group-level decision-making processes supporting business planning and performance review. He is also involved in mentoring professionals within the group and supporting internal leadership development initiatives.

Raman is an Independent Director with experience in investment banking, finance, capital markets, and governance. He served as a Whole-Time Member of the Securities and Exchange Board of India (SEBI) from 2012 to 2017. He has also served as Chairman and Managing Director (CMD) of Canara Bank and as Executive Director of Union Bank of India. He is currently an Independent Director on the board of Salzer Electronics Ltd. During his tenure at SEBI, he worked on the foreign portfolio investment framework introduced in 2014 and regulatory structures for instruments such as REITs, INVITs, and municipal bonds, along with measures related to fraud prevention in fundraising activities. Raman holds a master’s degree in economics, a law degree, and a diploma in business management.

Abhishek is a retired IAS officer of the 1982 batch. He has also served as Chairman of the Forward Markets Commission, the commodity derivatives markets regulator. He last served as Secretary of the Department for Promotion of Industry and Internal Trade, where he worked on initiatives such as Make in India, Startup India, Ease of Doing Business reforms, industrial corridor development, and investment promotion through Invest India. He is an Independent Director on the Boards of Ravindra Energy Ltd. and Indus Towers Ltd., and serves as Nominee Director on Nuvama Wealth Finance Ltd. and Nuvama Custodial Services Ltd. He is also associated with EODB Advisors (OPC) Pvt. Ltd. Abhishek holds master’s degrees in business administration (finance), international politics, and public administration.

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