Pennar Industries Appoints V. S. Parthasarathy as Non-Executive Independent Director
The Board of Pennar Industries Limited has appointed V. S. Parthasarathy as an Additional Director in the capacity of Non-Executive, Independent Director with immediate effect for a period of five years, subject to the approval of the members of the company.
V. S. Parthasarathy, a Chartered Accountant and a member of the Institute of Chartered Accountants of India (ICAI), has over 37 years of experience wherein he has successfully led businesses, functions, and organisational transformations. Parthasarathy is on the Boards of several listed and unlisted companies. He is an Independent Director of Life Insurance Corporation (LIC), NIIT MTS, a listed Edutech company, and start-ups on the path to becoming unicorns. He is on the Board of Governors of IIM Mumbai (earlier NITIE). He also coaches and mentors startups. He started his career with Modi Xerox and rose to the position of Associate Director, serving across multiple positions and locations. In Mahindra Group, where he served for more than two decades, his last role was as the President of the Mobility Services Sector. Prior to that, he was the group CFO and group CIO for seven years. Additionally, he has served as a member of the Mahindra Group Executive Board and has been on the Boards of several listed companies. He carries out several philanthropic activities for women’s empowerment through education, employment, and entrepreneurship initiatives of SEWA (Self-Employed Women’s Association) and is an Independent Director of two of its companies. He has received Lifetime Achievement Awards for his CFO and CIO roles, as well as the Business World Yes Bank Hall of Fame Award, the Best CFO of India Award by IMA Corporate Excellence Award, the Digital Icon of India Award by HPE, and the CIO 100 Hall of Fame Award by CIO after winning the awards for four consecutive years. He is an alumnus of Harvard Business School’s AMP (2011). He recently completed his PhD from Mumbai University.
