Shriram Finance Appoints Gokul Dixit & M. V. Bhanumathi as Independent Directors
The Board of Directors of Shriram Finance Limited, on June 1, 2024, has approved the appointment of Gokul Dixit and M. V. Bhanumathi as Additional Directors in the category of Non-Executive Independent Directors for five years commencing on June 1, 2024. Subject to the approval of members.
The Board has approved the reappointment of Umesh Revankar as Executive Vice Chairman of the Company for a further 5 years, with effect from October 26, 2024, to October 25, 2029, and the payment of remuneration to him.
Furthermore, the Board has approved the elevation and redesignation of Parag Sharma, Joint Managing Director and Chief Financial Officer of the Company, as “Managing Director and CFO” with effect from June 1, 2024, for the remainder of his tenure, i.e., up to December 12, 2026.
Gokul Dixit, 47, is a Chartered Accountant of the Institute of Chartered Accountants of India (ICAI) and has two decades of experience in North America, European and Indian accounting, and financial and capital markets, including audits, securities issuances, M&A, structured finance, private equity buyouts, and venture capital investing. Dixit recently served as a special invitee on the Accounting Standards Board and Corporate Laws and Corporate Governance Committee of ICAI and was a contributing respondent for the Stakeholder Engagement Consultation Paper published by the National Financial Reporting Authority (NFRA). During his career, he worked with renowned organisations of international repute and MNCs, including Pricewaterhouse Coopers, American Express Bank, Arthur Andersen, General Motors, etc. He handled M&A, structured finance, and treasury operations for General Motors and made leveraged buy-outs and growth investments as the principal investor in New York-based private equity firms. Recently, he has also been leading investments for Dallas Venture Capital. Presently, he is an Independent Director on the Board of the Loyal Textile Mills.
M.V. Bhanumathi, 61, has retired as the Director General of Income Tax – Investigation, Mumbai region, Income Tax Department, in May 2022. Bhanumathi joined the Indian Revenue Service in 1987 and had 36 years’ experience in public service. She held important positions in the Government of India and represented India in many international bodies. She has served as the co-chairperson of the Asia-Pacific Regional Review Group for Anti-Money Laundering and Counter-Financing of Terrorism of the FATF and contributed to strengthening the regulatory and policy structures of the countries in the region. She is currently serving as an expert adviser on tax crime on the UNDP panel, Independent Director on the Board of UPL Sustainable Agri Solutions, Special Economic Zone, and trustee in Pratham Mumbai, an educational initiative. Presently, she is an Independent Director on the Board of UPL Sustainable Agri Solutions, Adani Ports, and Special Economic Zone. She holds an M.Sc. in Agriculture from the University of Tamil Nadu and a Bachelor of Law from the University of Delhi.
