Balrampur Chini Mills Appoints Indu Bhushan as Independent Director

The Board of Directors of Balrampur Chini Mills Limited has approved and designated Dr. Indu Bhushan (Retd. IAS) as Lead Independent Director in place of D.K. Mittal (Retd. IAS) with effect from April 1, 2024.

The company announced that Dinesh Kumar Mittal and Krishnava Satyaki Dutt shall cease to be Independent Directors upon completion of two terms each, with effect from March 31, 2024.

Furthermore, the company announced the resignation of Naresh Dayal, who would be turning 75 this year, from the position of Non-Executive Non-Independent Director with effect from March 31, 2024.

Indu Bhushan has more than 40 years of experience. He quit the Indian Administrative Service (IAS) in 1995 after serving in the UP and Rajasthan States. He worked as a Senior Economist with the World Bank Group, later joining the Asian Development Bank (ADB). Prime Minister Modi appointed him as the CEO of the Ayushman Bharat—Pradhan Mantri Jan Arogya Yojana. Currently, he serves as a Senior Associate at Johns Hopkins University and holds the position of Ambassador for the Johns Hopkins Gupta Klinsky India Institute. He is also a senior advisor with BCG. Bhushan received several awards, including the Population Award, the Global Achievement Award, the E-Governance Gold Medal from the Government of India, the Gold Medal, and the Distinguished Alumnus Award. He holds a Ph.D. in health economics and a Master of Health Sciences from Johns Hopkins University in the USA. He is an alumnus of the Indian Institute of Technology Banaras Hindu University (IIT BHU) and IIT Delhi. He is also a Chartered Financial Analyst (CFA).