Kalpana Unadkat To Succeed Chandrashekhar B. Bhave As Chairperson & Independent Director Of Avenue Supermarts

Kalpana Unadkat has been appointed as a Chairperson and Independent Director of Avenue Supermarts Limited, w.e.f. April 1, 2026. She will be succeeding Chandrashekhar Bhaskar Bhave, who shall retire effective March 31, 2026.

Unadkat is a solicitor qualified in India and the United Kingdom. Unadkat earlier served as Senior Partner at Khaitan & Co and as Co-Head of the India Practice at Ashurst, where she advised corporations on cross-border M&A transactions and joint ventures. She currently serves as an Independent Director on the Boards of TVS Credit Services and Eris Lifesciences Ltd. She also engages with Boards and senior executives on governance and leadership matters. Unadkat is a legal professional with over twenty-five years of experience in corporate law, governance, and cross-border mergers and acquisitions (M&A). Over the years, she has mentored more than 200 directors and senior leaders through programmes and professional engagements focused on board effectiveness and governance practices.

Bhave has served as Chairman of the Board of the Indian Institute for Human Settlements (IIHS) since 2012. He earlier served as Chairman of the Securities and Exchange Board of India (SEBI) from 2008 to 2011 and was Chairperson of the Asia-Pacific Regional Committee of the International Organisation of Securities Commissions. He currently serves on the Boards of Mahindra & Mahindra Financial Services Ltd., Tejas Networks Ltd., and Niva Bupa Health Insurance Company Ltd. Bhave joined the Indian Administrative Service (IAS) in 1975 after completing a degree in electrical engineering. He served in roles including Collector in Nanded and worked with the Government of Maharashtra and the Government of India. He later served as Senior Executive Director at SEBI. In 1996, Bhave founded National Securities Depository Ltd. (NSDL) and served as its Chairman and Managing Director (CMD) until 2008.

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