Sujal Shah & Ramesh Iyer Appointed as Independent Director of NOCIL

The Board of Directors of NOCIL Limited has appointed Sujal Shah and Ramesh Iyer as Additional Directors designated as Independent Directors for a period of five years, with effect from November 2, 2023.

Sujal Shah, a Chartered Accountant, has an overall experience of about 32 years. Shah is a founder partner of SSPA & Co., Chartered Accountants, and is involved in the corporate consulting practice of the firm. His main areas of practice are Financial Valuation for M&A, Brands, etc. He also advises on Restructuring of Business, Family Settlements, Succession Planning and general Corporate Matters. He has been associated with several large corporate mergers. He serves as an Independent Director of Mafatlal Industries Limited, Hindoostan Mills Limited, Amal Limited, Navin Fluorine International Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, and Atul Limited.

Ramesh Iyer has over 30 years of experience. Presently, Iyer manages the Financial Services Sector of the Mahindra Group, with the total assets under management (AUM) of the sector being upwards of Rs. 100,000 crore (around 13 billion US dollars). He sits on the boards of several group companies, viz., Chairman of Mahindra Susten (renewable energy), NBS International (sales distribution company), Chairman of Mahindra Rural Housing Limited, Chairman of Mahindra Manulife (MMIMPL) and a Board member of Mahindra Insurance Brokers Limited, Mahindra First Choice Wheels Limited, Mahindra Agri Solutions Limited, and Mahindra Finance USA, LLC.

He holds a bachelor’s degree in commerce and a master’s in business administration.